The Car Market Is a HUGE Dumpster Fire! Dealers STUCK With Overpriced Cars, Trucks & SUVs
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- Опубликовано: 2 мар 2024
- The car market is a HUGE mess right now and car dealerships are drowning under the weight of excessive truck, car and SUV inventory. We'll check out truck, car and SUV prices and see if dealers have any discounts here in Arizona. I also talk with one of the sales managers of this dealership to see his take on the inventory situation and what they're doing to get trucks and SUVs from the lot into the hands of customers.
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Dealers aren’t hurting enough yet. Just don’t buy and keep waiting. Lowest priced trucks are still $20K over priced at the very least.
Thats the price of a decent used truck itself!
Inflation. Everything is going up. I am all for prices going down but manufacturers can’t lower to prices before COVID.
@@kwon911well then raised prices to get some of the dealership price gouging
@@kwon911inflation has little to do with it. Prices increased during the chip shortage and CEO’s got greedy
I wouldn’t pay more than 20 thousand for a truck
Nobody in their right mind should ever spend $73,000 for a Jeep. Lol.
jeep wants to be like amg grand g wagon? well they share nothing in common except crappy quality.
That's YOUR opinion ! The Grand Wagoneer is totally worth every penny !
@@JUAN75001lol, someone’s a little butthurt on their Chrysler purchase.
Imagine the nice Audi, BMW, or Mercedes you could get for $73,000.
@@bonnevillebagger9147 Right, I wouldn't pay more than 50K for one, even that is steep for a Wagoneer. They're nice but not 70K nice, so many better options in that range.
Bring down inflation by not buying overpriced vehicles. Do your part America!
Both houses & cars have become too expensive for most Americans these days, most especially for single people and/or single-income households. Even a lot of 2 income households can't afford them.
This issue has been exacerbated by the practices of insurance companies, which can have negative effects as well. Some insurance companies may contribute to rising prices by providing coverage that encourages risky lending and speculation. Additionally, certain insurance policies can be expensive, making it even more challenging for families to secure affordable properties. It's important for individuals tor consider diversifying their income streams, independent of government reliance, as a wise approach in the current situation.
What if you don't know how to trade any of these? I mean, see your point some people have the money and are willing to invest, the question is where to.
This is still a good time to invest in Gold, silver and digital currencies(BTC, ETH, XRP….
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
50k for a taco, 53k for a mini van, 75k for a jeep, a jeep! what a time to be alive
...a used $50k Taco at that. These folks are crazy.
This is Build Back Better!
FJB!
Yup and they are all built in Mexico, talk about quality control... Only a fool would waste that kind of money on a vehicle with low quality and short durability.
Just don’t buy them. Stick to the $8-$10k cars trucks and suvs. There is a LOT of them
@@michaelm8754 no doubt. Toyota's quality degradation is already starting to rear its head. If they keep it up, Toyota will be in the same boat as Ford in 3 years.
Wait to take advantage of them when they are in pain not selling. Just returning the favor for what they did to us.
A dealer advertising pickups & super trucks a few miles from my house in Washington State just filed for bankruptcy. They had well over a hundred vehicles, but they have all been hauled away now.
Amen
Exactly, i’d like to get a truck but i’ll just wait a while.
Until they finally figure out, the gravy train has passed them by.
I agree. The stealership sysyem should be punished by consumers in any way possible.
Only an American will not be able to control their impulses, pay way too much in an overinflated market and then say "they did this to us".
No buddy, you did this to you
A buyers market? Really? Even with the discounts the cars and trucks are still tremendously overpriced. Nope, not a buyers market,,,,,,yet. Maybe next year.
Exactly, all this inventory still going to be there.
A suckers market.
These newer cars payments are like 1200 1500 a month that’s insane
Exactly.
Yea, i’ll wait.
The market it turning but we are not there yet. Let them sit. Dealers are still playing games with financing, fees and the old bait and switch. The best one is the $3000 fee for carpet and seat protection.
Don't forget the Nitrogen
Ford refuses to drop prices. looked at a 2023 Bronco and they said the would go as low as MSRP. like they were doing me favor and giving me a big discpunt. I'll keep waiting.
My local deal has 10 just sitting on the lot now. I think they are $1-2k off MSRP but not much more.
Everything needs to drop 50% if they wanna get 80% of the population even considering a new vehicle
They'll put themselves out of business first. A lot of cities are going anti-car on top of that. They need to make more small cars for cities but nope.
or home
Try 60
50% isn't enough. The prices are completely off the rails in US/Canada.
Problem is... its almost impossible to reduce them by 50% at this point... INFLATION increases have not only made such reductions basically mathematically impossible (not impossible, but highly highly unlikely), but has also WARPED the average consumer's perception of what "value" is and what the inherent value/price/cost of basic products and consumables should be.
Overall, I'm hoping they can at least reduce it by a quarter or a fifth or so (since half is basically impossible)... so, instead of an $80k truck, it'll eventually drop down to ~$60kish as a "good" or decent deal (which would have been ~$40kish a decade ago)
Bottom line prices need to be cut in half
💯
I just saw an old email I got sent a quote for a new Tacoma in 2012 a new single cab 4x4 Tacoma was $22,000 the 2024's basically start at $45,000. 😅
You are correct , that's how much they're over priced ! Who can afford 50 thousand for any vehicle !!
never going to happen
@@thelastninja4825 there were 12% of 2022’s that could not be sold. Pushed them off in auction. They really do not have a choice.
It's not truly 20% OFF, when it's $20,000 over-priced to begin with.
We looked at a Grand Wagoneer Series III. We ended up buying a 2024 GLS 450 4matic with a MSRP well below the Series III. The MB actually had more options we wanted. The MB dealer also gave us a good discount from MSRP even though the one we liked had just arrived and another person was interested in it after we looked at it. The MB dealer was first class. No games or gimmicks. They offered a really good financing option. In the end, we decided to pay cash. The MB dealer was perfectly ok with it. At no time did they try to back out of the discount or become angry.
Conversely the Jeep dealer was only willing to offer a $5,000 discount. The Jeep dealer also tried to stick it to us with financing. They became angry once I told them I was a cash buyer; hence they were not going to make a huge profit on the back end. Well, when you try to offer someone a double digit interest rate when I know for certain I am Tier I, you lose all credibility and respect. I hope these types of dealers go out of business.
The MB dealer knows they will make much more money on service than on sales.
What is MB?
How much you end up paying for your GLS?
@@joewoodchuck3824 Mercedes Benz
@@nicholasy2715 The MSRP was 106.7k. Thankfully there were no dealer add ons. OTD I paid $108k. This included all fees and taxes. The total tax where I live is 7.8%.
The best thing about new vehicles is having an old one in good condition so you aren't in the market to buy a new one.
97 camry 148k am babying my car. I treat it like gold. it keeps me out of this insane market.
@@subaruamazon Damn son... I have a 2016 Camry with 159K miles on it and I work from home. Do you just NEVER drive?
Yup! 2012 Trail Teams FJ crusier with 25k miles, and a fully restored 1995 4x4 Tin Top Geo Tracker with 159k miles. Both will last forever and they both get more attention and compliments than any luxury car here in Los Angeles.
SO TRUE. I bought my Ford Ranger back in 2004 brand new. Still driving it today!
@@MuahMan nicest car i have ever owned. bought it in 18 with 106k. 7k miles a year. i want a 15 to 17 someday but this car keeps me out of the market so i am happy. how is you car running?
Yes, everything is overpriced, but even more troubling is no attention is paid to quality. They use cheap materials, etc. I guess car manufacturers think they will get away with it.
The Overflow inventory would say otherwise. Nobody's going to buy these things at that price.
I'm shocked at the quality issues new vehicles face. So many little issues on newer vehicles that are costing owners a lot of money in repairs. It's not just one brand they all seem to be effected by it. Not only are you paying more for a vehicle, but you are getting a vehicle that is lower quality, costs more to repair, and will experience more frequent breakdowns than a vehicle made just 10 years ago. When comparing that vehicle to when it was new.
So much plastic trim on the exterior and now the interiors are all cheap plastic. Huge downgrade in only a few years.
I guess they are not because the lots are full.
@@nicholas1987ucsb I hate all the plastic trim new vehicles have. That stuff gets faded out in just a few years and starts looking bad. Get in any new vehicle and start pressing on things and you can hear the plastic creak. A $50,000 vehicles shouldn't have paper thin plastic that creaks when you touch it.
I work as a detailer for 3 dealerships and the lots are packed! No one is buying... lots of new cars now too.
54k for a tacoma is nuts. I paid 36k for my 17 and it's running strong at 81k miles and have 2 payments left.
I bought my 2023 Prius in cash. Little less than 36k. Odd so many people have car payments.
07 camry 148k 81k miles is new. drive it into the ground. Youll have it for years. i had a sonoma miss it. would love a tacoma 2005 06 for like 6k. stick is fine.
With proper maintenance that Tacoma will go 300000 to 400,000 miles easily. Its a great truck.👍😁
@@galupproperties3098 you are fortunate. I bought my last two cars cash but they were not 36k. much much less.
@@fredh.1255 why not?
Lol..... That guy said dealers are doing everything to get dump vehicles. Haven't seen that anywhere. Whatever they mark down gets marked up with bs fees.
Exactly and morons will pay it to "keep up with the Kardashians". I see alot of new cars and dealer plates still driving around. Gotta live capitalism
These car prices are outrageous. I am probably keeping my 2014 RAV4 for another 10 years.
I've got a 2014 Prius 95k miles, which will keep me going for awhile.
07 camry 148k keep it. how mile do u have. good thing about toyota is it keeps us out of this crazy market.
@@subaruamazon Yes. Used cars are finally coming back from new car prices. I have 117k miles now on my RAV4 and running perfect because I have excellent maintenance standards.
@@Robmar40 148k on my camry se. change oil every 4k to 5k like clockwork. bought my car from a family with a med student son. he wasnt using it so they sold it. 106k in 2018. runs good. engine and tranny 100k. surprisingly had a lot of repairs from 120k to 145k. front bearings, lower cnt. arms. fuel pump. valve gasket. alternator. I drive in northern nj brooklyn/SI so that doesnt help either. ur rav4 is just broken in. if u maintain it well should get 300k easy.
@@subaruamazon So true. I am the original owner so no issues so far just regular maintenance. I live in Las Vegas so I only change oil every 7500 miles.
I went truck shopping last week at a few local dealerships. It’s sickening that they are asking 70k for an F150 XLT. 100k for a Hellcat Charger. 135k for a TRX.
When will they get a clue that people can’t afford these vehicles?
The problem is people are still going in debt to buy them. Guys making 35k a year buying 65k scat packs, and getting approved. It's all a game
I don’t even think those models are worth it.
What amazes me is that people are still buying at these crazy inflated prices. Sometimes I just don't understand people.
There’s no shortage of dumb people unfortunately
the main reason is alot of people lease (like me) and have no option but to shop for new vehicle after 3 years. Its murderous row out here. Today, I went to Kia dealer who wanted 13k above the MSRP. I have had enough of it and just going with brand that is not that popular and will test drive Chevy traverse this week.
Stelantis couldn't pick worse time to go luxury and get rid of hemi.
Especially on Jeeps and trucks, where nobody was clamoring for any more luxury.
Painf bubbling of 70k vehicles is a damn disgrace
You aren’t lying. Who is running that company? Lol
WHAT GOES AROUND COMES AROUND.
I have zero sympathy for the dealers.
Greedy f...ers!
My grandpa, in all his infinite wisdom, always said out with the old and in with the new (you're talking about someone that held onto cars for at least a decade). But for the first time, it's finally starting to make sense to rebuild/salvage the old and reject the new. Good time to be in autobody.
Yes. 💯
New cars are trash and are about to get worse, mandated interior cameras
I rented a Chevy Colorado for a ski trip last weekend. First time in a Chevy and I was absolutely astonished how cheap the interior was. I drive a base trim 2011 Hyundai Sonata and that Chevy made my interior looks luxurious.
Chevy is known for bs cheap interior that looks bad
Did you find that the seats were hard? Had a rental Malibu a year ago and after 30 minutes my butt cheeks were numb. Like sitting on a plank of wood.
@@John_B52_HEMI Yea, like I was on a Spirt airline flight.
I've found the Colorados to have very pesky electrical problems. The front brakes are also a masterpiece of general motors engineers malice and idiocy.
Like Cadillac overall, I'd suggest colorados are an excellent example of why to avoid GM as a rule.
Airpark is one of the worst offenders in the Valley. They are barely marking down Wranglers, instead attempting to steal the manufacturer's rebate. Yet, vehicles continue to stack up on their lot. I tried on two separate occasions to take one of them off their hands and they would not budge. But, as their salesperson said, "It's a buyer's market" so I just went elsewhere leaving them to fend with their overstock.
former car salesman. asu open ur buying radius. lvs fla az tough markets try ok or ks, make phone calls send emails. see what happens
@@subaruamazon Thank you! I bought in CA when NV wouldn't budge. $2k savings.
@@twystedhumour did i give you that advice?
Seeing nearly $5K discount on every Wrangler here in OKC on Autotrader. Fly, sign, drive home?
Top 3 CDJR in the valley every month for the last year lol
I am so happy to see people not buying Corvette C8s. Big slap to dealerships. Most importantly, people are uniting to take a stand against their greed.
I don't know about "uniting"... probably just broke. But whatever works to get these a holes to do their prices
Keep seeing these videos, yet I'm not seeing prices come down at all
Same people paying these prices just taking out longer loans. Wouldn’t be surprise if 84/96 month loans become the standard at this point
@@BeefGummybears Only a fool would do this...I know, I know. There's a lot of them around unfortunately. Just wait a few more months folks. The stealerships are hurting but not enough yet. Soon enough though. Floorplans are doing their damage but it just began. Give it time.
It blows my mind all those cars in the overflow lots. Thats a massive payment on their Floorplan every month. That should tell you how much they must make on each sale
I say everyone should flat-out refuse to even look at anything in until they are advertising 25k to 45k on just about any vehicle
All those vehicles just wasting away have been counted as “sold” by the OEM’s and the media yet they’re FAR from finding their first real owner
TRD Jon bought an SR5 Tacoma for like 53k. That's not including taxes or 9% interest on his loan. I damn near fell out of my chair laughing at these prices.
He’s an idiot
Go to a dealer and just look. If enough of us do this instead of buying, it eill create pressure. Do. Not. Buy.
Agree
They don’t care CEOs are would rather go out of business
Forget about the CEO's and do what's best for yourself. Not paying these outlandish prices and waiting, if your able, is prudent. The stealerships are all deep into their Floorplan. Every month is another payment for each vehicle on their lot to their lien holder/bank. It has not been long enough. A few more months and even into next Fall/Winter and you will be thanking yourself. Patience friends, patience.
Did this today. I unintentionally wasted 2 hours of the salesman's time trying to get me into a new payment. I ended up leaving after $700 was the best payment they could do on a lease for a grand cherokee. I didn't feel bad at all. I will email them tomorrow with non-negotiable terms for my out the door price. If they want it, they can call me. I'm in no hurry to spend an extra 20k.
@@drk6067Amazon is already selling cars these dealerships days are numbered.
Dont call $34,000 a low price.
It is
What world are you living in?
It is a low price
In a sane world, it wouldn't be considered a low price. But we no longer live in a sane world, now, do we?
Let them rot on their lots. Maybe they manage to get their $2.5k "options" when they send them to junkyards.
@@lordrayden3045 Yea, for an SUV that's also an hybrid, it is kinda low in the market. Not that many new cars under 25k, let alone 30k.
I am shopping for new vehicle and 34,000 is near the bottom for any brand. New world we have entered.
I don't see how anyone can afford a vehicle costing 50K and higher. Everything costs a fortune now. Spend $100 in the grocery store and buy very little. Some states like Florida, home owners insurance is 6K a year if they can even get the insurance.
It's not just FLORIDA...
I resigned from being a car enthusiast. The price of them forever turned me away. Coming from a guy who has bought 10 brand new cars and 2 brand new motorcycles, that says a lot.
Prices and % to high, quality to low.
You are spot on about quality. 2022 quality dropped substantially and designs went South as well. Example: Highlanders going to 4 cylinder engines in 2023. There is not one single new vehicle I would buy regardless of price.
When he said it has turned into a buyers market… yeah…not quite yet
We need 25-40% off
I’ve been seeing these videos for 3 years now. Still isn’t changing anything.
I used to work at a Pontiac dealership, and want to share a few "DO NOT" things while shopping for a new car. Do not pay for dealership add-ons that were installed without your specific written permission. Do not pay the dealership for dealer prep. Do not pay the dealership to do their own paperwork. All of these things can very safely come out of the profit they are making on the sale of the vehicle. Car dealerships can mark down the price for you at the time of sale between 11%-15%, and still make an impressive profit. One more thing, DO NOT discuss finance options until you know, IN WRITING, what the exact final price is....dealerships really hate it when you do that, but you can always spend your hard earned money elsewhere. They might not make the profit they want by selling a car to you, but if you walk out and spend your money at another dealership, they don't get ANY of your money. One last thing, do not allow sales men and women pressure you into buying a car. If I feel enough pressure, I walk, bye!!!! I'm not spending their money, I'm spending MY money. GREAT VIDEO!!!!
Thank you. I am test driving Chevy Traverse this week and was wondering how much off MSRP I could negotiate. I will shoot for the 11-15% you mentioned. I went to Kia dealer today and they quoted me 13k above the MSRP. At first I thought he quoted me the wrong vehicle because it was so outrageous. Kia is just too hot of brand right now so I am going with more low key brand like Chevy who hopefully works with me.
I always thought Chargers & Challengers could only be bought with marijuana reward points?
That's in Colorado.
LMAO .... 😉🤣🤣😂
Holy shit! Underrated comment !
Mary Jane is a nice lady, bozo.
Y’all come look at grandpa over here thinking he ate😂😂😂😂
I see the dealers are still ignoring the consumers. That scat pack is ridiculous 😅my 2020 hc widebody wasn't too much more than that. And it has every option except sunroof. The markups has to go. PERIOD. I'm soooo glad that dealers are going out of business. They refuse to let the market switch to a buyers market. U dealers have had your fun for the last few years, now it's our turn. Get over yourself and just release it 😆 the power is coming back to us
they are not really getting the laws of supply and demand. I say we put them in macroeconomics 101 class at a first year college level. maybe that will educate them. then again maybe it wont.
@subaruamazon if people(the smart ones) keep holding out dealers will have to learn or go bankrupt. U still have the ones that just gotta have that new vehicle no matter what it costs. Those people are what still gives the dealers hope and a fighting chance.
@nchellcatbadboy3625 Yup, completely agree. Just too many morons around who just gotta have the latest n greatest regardless off price. They can have that $1200 month payment n choke on it. No rush for me. My 2000 Yukon XL looks n runs great. Been paid off for a long time. I'm due for a new one. Gonna pay cash for a Denali as a retirement gift to myself. However, not at these outlandish prices. I'm happy to wait anyway because the quality on these current models is horrible. 2026 - 2027 is when I plan to strike. Prices n quality will be better. These stealerships can eat shit and go belly up!
I’m betting they would rather fail lobby to get a government bailout before they ever lower those prices.
There are an enormous amount of used cars you can get around $8k that still have a LOT of life left. You can fix all of any problems it may have with less than 6 car payments. Most older cars made around the 2000s tend to be more reliable anyway
yep. 100% agreed
To me, 70s, 80s and 90s marked probably the best quality in carmaking (thinking of W123 in particular). From 2000s, quality trickled down, in my opinion, but, particularly, 2008 and ~2020 both marked points where quality really went downhill (where carmaking went out the window and the only thing that matters is the profit).
@@BarAlexC well we advanced the most around the 90s with direct fuel injection and a few other things. Cars are considered to peak around the 2000s and drastically get worse after around 2015
@@BarAlexC 70s and 80s vehicles are crap because they didnt get computers in them yet and werent designed with the help of modern computerization and they are wayy too worn out by now with not many parts remaining, the sweet spot is 90s - 2010 now
Spoke to my Mazda dealer that was selling their service loaner Mazda 3 with a few thousand miles on it, they tried to sell it to me for more than what a brand new one was listed as. I told him I'd take it if he dropped the sell price another $5k. He threw a fit at me and I walked out lol, not sure what these guys are thinking at this point.
Zactec is a polymer based application that forms a cohesive film, which resists detergents, salts, and ultraviolet rays that can affect your vehicles painted surface.
And they want you to have it re-done every 6 months, haha, no thanks. I also do not need a dealer overcharging me for wheel locks, if I want wheel locks I can get them myself for way cheaper than they charge. Not to mention, I have been driving new cars for 45 years and never once had my rims stolen, so unless you live in a really bad part of town, wheel locks are a total rip-off.
i dont like forced place add ons either. no one does.
They produced less, and what they did produce was the highest end models to maximize as much profit as possible.
Corporate greed over consumer need at it's finest.
As long as they keep selling, then the vehicles aren't overpriced. You would think they would run out of fools at some point but apparently, no, the supply is endless.
Your first comment is correct, that the majority of the people here can’t figure out
They will never run out of fools or douchebags on RUclips who made clickbait videos.
Couldn't agree more. Look at how folks drive...angry and/or stupid, that's it. When angry & stupid waltzes into a stealership it's ❤ @ 1st sight, for BOTH!
Yes it is in the good ole US of A......and all on credit too!! Great for peeps like me that will buy once they are repossessed or BK!!
@@drk6067I'm angry and stupid...but I won't pay these prices 😂 🤣
How to turn 100k to 40k buy a new vehicle wait 3 years …like magic.
All these companies what to make their brand a luxury brand. Got news for them they Ain’t! New Vehicles Quality is Declining. I saw a Grand Waganeer with 2K stop working seriously a 90k vehicle. Before buying a Mustang EV check how much the depreciation is.
look at those bmw 750's between price and depreciation. A rich man will buy one only to become poor lol.
The auto market is reaping what it sowed!
Vehicle prices are up 36% in some cases, so 20% off means still getting gouged for well over inflation. Hard pass...
Here in FL i spoke to two different dealerships last week regarding 2 seperate cars. One told me they won't budge on the price (used) the other wouldn't budge on a lease (new). So they obviously weren't in desperate mode yet
Yeah, in San Diego, where everyone has money. My jeep dealer has no excess inventory. They're still selling a lot, however they've come down slightly.
Who rembers when new cars were 20-30???? anything above that was luxry
I remember when cars were 2-5!
My wife has a 2020 rav4 hybrid and she bought that brand new for $26,000! The price on those cars have gone up $10,000 for the same model in 4 years! That’s insane!
They need to put some QR codes on the windshields so you can just scan it and takes you directly to the online listing. Instead of navigating the website to find it.
I remember when i could order the "special" car from the factory and pay MSRP. Also those accessories they put on there, I told a dealer once to take them off and I'll buy the car and they gave the accessories to me for free.
no, Toyota just transferred the vehicles to other locations, of course a few sales occurred, mostly inter dealer transferred, this a ruse to indicate their vehicles are selling, it’s all about the optics, all dealers are doing it, not just Toyota.
This is correct however, it's amazing how many fools will FOMO because of this, and then pay the ridiculous price. Better them than me...Stealerships + Fools = Dumb❤.
As a consumer, donot buy it, they will have to sell it for half the price, just wait and watch. 😊
Hope you are correct.
Yeah that's what they said about housing during the recession. Inflated prices that were 3 times normal only dropped maybe 25% and Never went back down to normal again.
You said "you are forced to buy the rediculous options". No dealer would ever force me to buy with any ad on. I would walk.
Well Done, thank you!
They need to discount full-size trucks $15K midsize trucks $7,500 & same on the cars! They got me fuked up with these prices!
$15K ain’t enough
@@ronniegillaspy would be a start
More like 20-25K
I’d buy a new diesel one ton pickup at at 35k. Other than that I’ll keep rebuilding my old trucks over and over again.
They're also making the wrong vehicles at the wrong price points. Toyota has like 8 different mid-size SUVs, but only 2 SUVs with 3-row seats. You can't even find most of the vehicles you want with the lower/mid packages--a lot of them also still have dealer upcharges over MSRP.
toyota is unto its own. same with honda. demand is really shown by a toyota dealership. no cars. Gm ford and dodge could take a lesson. people like toyotas because they are bullet proof reliable. that is lost on the big three.
I got my first car in 1967. It was a used 1950 Ford sedan. It cost me $100.00 and lasted for years. We don't need all the extra added features. It's a hustle.
My wife paid $18,000 for her new Honda Civic back in 2004. She only paid $2600 to replace it with a new Transmission and a warranted Engine with only 50,000 miles on it. If more people would do what we do, the prices of new vehicles would plummet. Keep in mind I'm a professional Asian, Domestic, & European Automotive/ Truck Technician.
Consumers should walk in the dealers with "market adjustment" discount of 20-50K and have them swallow that pill. People should not pay these prices and they will have to lower prices or go bankrupt. Capitalism at its finest.
I'm stealing this.
Dealers would very much rather go bankrupt
Bankrupt and capitalism? Where have you been living? It's more like fleece middle class, the wait for the government to bail them out, hence the term "to big to fail"
Which equates to corporatism, not the aforementioned, welcome to National Socialism. Proof: Government Motors to name one of many
@@rapsnacks8050
Nope, it’s just a product to them. Chances are the salesperson will take the hit vs the dealership but I’ve always said the worse your product the better salesperson you better have.
They won't go bankrupt they will get a government bailout like they always do. Remember the ones who run this country are very invested in the automobile industry. They are more than happy to use your tax money to save their 401ks.
When see Add On’s at a dealer runaway. And with any dealer pick a car then do all negotiations and document signing remotely. A key strategy for all these dealerships is for you to spend as much time there as possible to wear you down this evening. Includes when you get to the finance department your only way around this is to do everything remotely.
Completely agree. I'm not falling for that bs again! Online negotiating only!
The reality of why they are not selling vehicles is because of Banks radically making it far more difficult to qualify for these vehicles now. I have a 818 credit score & I would have a difficult time qualifying for a new Challenger, as much as I want one.
As the banks "should" ..... (Have you seen the REPO LOTS that are BUSTING at the seams with vehicles) .... Banks are FINALLY getting "smart" !!
Ew, not you pretending the job market isn't rocky! @@esousa486
Low rates caused the prices to explode. That creates much more risk now for the lender when lending at a higher rate. Banks basically had a risk free environment since 2008 where they could get loan money from the fed for less than .25%(basically free)
@esousa486 I have purchased & paid off 92 vehicles since 1980. So I'm not a risk but even so, it's more trouble than it's worth financing, as they want huge down payments, which alone is challenging for many buyers, even those with outstanding credit like myself.
@CharlieBam In 2021 I bought a brand new loaded 70K Ram Limited for only 60K, with incentives from Ram at a low 2.26% rate. That identical Ram today is 80K plus & very difficult financing today.
Thanks again my friend.
Here in Michigan they’re parking them at a staging lot to be shipped to a dealer, but they’ve just been sitting.
i live in westminster ca by a lexus and honda dealer also ive seen toyota they hide their overflow inventory in parking structure when i bought my honda they took me to pick my new car about 300 cars in there at least all new collecting dust lexus cars are left in a dirt lot behind the dealership 😂 across the street and they have so much inventory it’s crazy!!!
I wonder why no one talks about CA auto market, I'm in BC too
@@edwinchan09876 CA here is California, not Canada.
Honda World? They are the worst. Keep charging add-on, pushy salespersons, and a bad service department, too. I live nearby, so I just used them for test drive but never buy one from them.
@@battlefield3112011 yea i agree they are trash !!! i refinanced cars for 3 years every once in while i take a walk just to see how bad they will try to screw me over let me tell u they were trying to sell me a 2021 civic for 30k i just looked at him and told him show me the kbb or nada that says this car is worth that much he said ill get a manager and then i took his manager for a walk and made him look dumb 😂😂
You could not give me anything with Chryslers name on it! They make some of the worst vehicles on the market! And still think people are going to pay these out rageouse prices!!
anything new.....Mopar vehicles from the 60s and 70s with that 225 slant 6 are very reliable
I have a 2015 IS350 F-sport RWD in matador mica red that I bought at the end of 2019 for ~$23k before everything went all screwy in the auto market. I bought it as an "in-between" car, as my then 2006 WRX wagon was in constant need of repair or maintenance and I was sick of needing to get a tetanus shot every time I worked on it, so I sold that to another enthusiast. The Lexus has 66k on it now, the past ~4.5 years of ownership have been oil changes and air filters, one brake job, and I put an aftermarket set of wheels & tires on it, I'm putting an aftermarket spoiler on it this weekend as my 3yo has instructed me to. The IS was also my first Automatic transmission vehicle that wasn't a winter beater, and my first "luxury" car, so it was also a good "test" scenario. After 4.5 years, I can tell you, I would still prefer a manual transmission, as well as a much lighter car with less luxury & less insulation. A Toyota version of this car with no moonroof, manual seats, a 6mt and about 400lbs less weight would be epic, but would never happen.
Yet again, there is nothing on the market I want, so I'm probably going to end up running this thing into the ground, or buying a 2020 IS350 F-sport RWD in the color combo I want and running it into the ground, as that's the last year before the most recent refresh where it got bigger and gained another ~150lbs, it also has a mechanical LSD, power folding mirrors & some other quality of life improvements over my 2015. I did test drive an IS500, but that's a 4,000lb car that stickers around 60k at the low end, I don't want a 4,000lb car that stickers around 60k at the low end, but if I were getting a 2021+ IS it would have to be the IS500, because if I have to haul around that much car, it had better have the power to do it. I toyed with the idea of a CT4V-BW, 6mt+RWD, but I didn't like the V6TT in the prior iteration (ATS-V) and that is also a 4,000lb car that stickers north of 60k, and it's a GM to boot, so not exactly a long term ownership item.
I also toyed with the idea of a 2nd gen GR86/BRZ as a second car, but I don't want a Subaru engine in my life every again, especially not one with oiling issues.
Great view Thank You 🙏🏼
“Buyers Market”
😂😂😂😂😂
Not yet…. Not quite yet.
Oh wow....I can get $5k off an $88k truck.....lol....
Mustang prices are high too. You could get a 5.0 track pack for 33k in 2018-2019. There was a dealer that was slapping superchargers on them and sold them for 40k with a warranty.
Not only the prices but the interest rates! U can put $15k down on a 50k vehicle and it’s like barely scratching the surface! You’ll still pay about 700-800/month!!!
Isn't Obidenomics great! 😂
How’s that clown Trump going to change it. By making you feel better?
Trump was just as bad
So dealerships get free “flooring” for a limited amount of time. This is the manufacturer covering the interest owed to the bank that is loaning the funds to have inventory. From what I hear flooring is being extended, however it won’t last forever and the dealers must sell units to cover the loan and interest. We will see massive discounts/rebates by the end of summer. By this time next year we will see prices close to what they should be or better.
Same thing happend in the 90s. Everyone wanted big SUVs and trucks. Gas was cheap. After the 2008 crash, fuel prices hit $3/gallon, small cars flew off the lots.
Greatly Appreciated Video 👍
Sell8ng my lifted 2011 Silverado soon and getting an old used vehiclewith lower milage. I refuse to pay these crazy ass prices for a new truck. My truck sold for $33,000 brand new in 2011. Ridiculous!
We got lucky on two new cars we purchased in December. One new Limited AWD Prius 2024 at just below invoice without any add-ons. Had to drive to OK to get it. Then purchased a 2024 Hyundai Palisade Calligraphy AWD and was below invoice with a few add-on's that they wife made them take off! 🤠👍
Mc Lovin you are crushing it! You should’ve ask the salesman about the dealer mark-ups. The discounts could be taking off the mark-up. Which means zero discount. It’s really cool you are going across America to check out other dealers! CrUsHiNg it!!
Very informative good job on your video sir .
Visited a Toyota dealership in Maryland this morning. Not ONE Tacoma new or used. A couple weeks ago they had about 5 on their lot.
It’s great you like the car salesman speak. Sure you can get a great deal! The problem is only the buyer can tell you what a great deal is and, even now, no dealers agree with what buyers think is a great deal.
In the UK the ticket price includes the add ons.
No one ever pays the ticket price.
Nice Video man Dealerships discounts it’s no working after taxes all the fees and loan rates the price for payments it’s to high those markups they are insane bad time to buy any kind of cars this days
Wait to buy if you can. You'll know when dealers are really ready to get serious. 75k for a jeep is no discount. A loaded Ram in 2016 was 48k. Todays loaded Ram with rebates and discounts is over 74k and was previously 89k before discounts. Marked up to mark down is no discount.
Shout out from Peoria✌🏼
I believe Zaktek is just a fancy way of dealer version of ceramic coating.
I live in Florida. Not only are the prices on those vehicles outrageous, but auto insurance in Florida is so sky high now that you wouldn't be able to afford to insure any of those vehicles. None of em. So if you live here there would be no point in even looking at these vehicles on the lot. Even if the dealer reduced a $76,000 car down to $50,000 you still could not afford it.
Not to mention insurance rates are out of control in CA that's why I'm not buying.
enjoyed the video, great job. My god vehicles are outrageously expensive. I got my 2 vehicles used for $17k and $9k, both under 20,000 miles and running fine for more than a decade.
Toyota dealer in my area, still had Tacomas with dealer markup. After going back and forth after getting them to come down to invoice, I asked them to take an additional $5k off, equal to what the dealer markup was, i tried playing the same game they did, needless to say I was not able to negotiate that lower $5k offer
Here in Napa California, Toyota sells very fast and have mark ups. My local Ford dealers showroom is full of Shelby mustangs with 20-25k mark ups, I asked a salesman about why, he said they buy other dealers allocations for around 5k over since most people don’t buy higher end cars in other parts of the country, and in the SF Bay Area so many people do. They sell almost immediately. This is when they were new of course.
As an aside a new tract house here is 1.6 million, but vehicles are the same price in areas where incomes are vastly lower compared to here, so to most California residents it’s not too crazy, but I won’t pay over!
@MrGmilton I refuse to ever pay over MSRP. I even have a problem paying $500 over "invoice", I feel the dealers can make their money on financing and service. The worst is these days dealers are adding that junk crap like nitrogen, paint protection packages, key fob insurance, even before you can say no. So they just build it into the price of the vehicle.
I got lucky to get my RAV4 Hybrid. Amazing car. There is a waiting list for them. Our local Toyota dealership cant keep anything on the lot but trucks.
2023 RAV4 hybrid owner here, just to confirm that Totyota does put crazy addons on their RAV4s, if you see a Toyota with blacout emblems, black exhaust, roof bars etc, on a brand new RAV, it means it's an addon for sure, now most of them are shipped with these option by default to squeeze a few more dollars from you.
I wonder how many dealerships - new and used - are going to shut down in the next 2-3 years. No one can afford these prices, and even if rates went back to 0, they still couldn’t afford them.
1/2
I noticed a few years ago that the number of new cars on the.
Road was crazy..well there ya go. To many cars sold now...crickets
My dealership only cranked up prices during lockdown because we had like zero cars to sell. Now we arent jacking up prices, amount of cars we sell tho hasnt got back to normal levels. We get new cars but nothing like we used to.
I was getting my Camry serviced yesterday and they had Tundra's 4x4s with bigger wheels for less that that TRD you showed.