Dealerships Are SCARED
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- Опубликовано: 24 июл 2024
- Dealerships Are SCARED
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Couldn't have happened to a better industry.
yeah more dealers does not equal better prices due to competition since they're in solidarity and present uniform price schemes...good riddance...
😂
As someone who's been in the industry for decades I agree 100%
I'm weeping, 🐊tears. The bankers charge us fees for using our money in our checking acc, gouge us for credit card debts. Dealers piled on thousands $ as profit in COVID. They made the bed, now lie in it.
Sell at a loss at auction > give you a deal.
Dealership logic 101
Dealerships, "Waaaaaaaaaaah why is nobody buying my $100,000.00 dollar truck that was $40,000.00 3 years ago"
exactly. Ever since 2019/2020 tmanufactor/dealerships increased prices... Its a rare.. customers like me, are flat out refusing to purchase until prices go in our favor. that makes.. 100k trucks are a thing of the past.
THEY SUPRISED. 🤣
@@chuckles2040 they are including a CARBON OR CO2 tax into price ! They have to buy them for EV makers like Tesla . Tesla was his only profit first 8 years selling CO2 credits to V8 vehicles.
It’s hidden in cost
@@chuckles2040 because instead of bringing manufacturing back to US they are paying the 25% tariff Trump imposed on China!
Do you guys have the Ssang Yong Musso or the the LDV T60 range ? Or the GMW Tank 300 or 500?
The LDV T60 goes for 26k USD drive away brand new
I am just maintaining the vehicles I have. They are paid for.
Dealers don't deserve my money. I will buy a new car when I cannot keep my existing cars running anymore.
Better yet, buy another gently used car. 9 out of 10 pre-owned Toyotas, Hondas etc will outlast anything brand new from Stellantis, and it ain't even close!
Same here. I have a 2016 Ram truck and a 2017 Ford Escape. The Ram has had to go into the shop one time with a $1200 bill. The Escape, other than needing a new battery, has never had a repair costs. They are paid for. I'm 66 and my wife is 65. We could go buy two new cars tomorrow, but we will drive these cars until the wheels fall off and bank that payment money.
I have a 95 Acura Integra still running with 276k miles. Even when the engine goes I plan on rebuilding it or swapping in a low mile used engine that is freshen up with new seals, gaskets, timing belt and water pump.
@@evoman44good call. I miss my 99 GSR. great cars and timeless.
I don't like rebuilding cars
Don't believe dealerships are in trouble at all. They are still not negotiating. Price is the price. Offered 39k for a 42k vehicle. No deal. I walked
im offering 55k from65k lol
I bought a used tundra last weekend. That Toyota dealership sold 70 cars last weekend. They are not hurting and they are not negotiating.
All depends on what type of car you are looking at. The ones that are in high demand and moving off the lot they are not going to be budging on. The ones that have been on the lot for 30, 60, 90+ they are willing to make deals.
Because they can't. it's either sell at sticker or go bust
@@ewxlt Yup, People are buying into toyota now like how they bought into Tesla in 2020. Toyota has hit record profits while also producing 400k less units which mean they are throttling production in order to create scarcity. So people feel safe buying into toyota because they can drive the piss out of the car and sell it for zero losses.
I have been saving my money for two years. I am waiting to buy a new car when they are in my banks parking lot for sale. The longer I wait the more money I save…. ❤❤❤
They should be terrified, when the manufacturers start repossessing cars and dumping them at auctions there will be a lot of bankruptcies and they will deserve it all.
It won’t happen the way you think it will.
last thing manufacturers want is to see cars coming back.
@@markpitchford7375 You didn't see 'auction' in the sentence? Plus, just like repo's the Dealerships are on the hook for whatever the price sold for vs MSRP.
If oems are selling at auctions then they are competing with banks and dealerships liquidating repos and worthless trade ins. The wholesale market will be under pressure for a long time
@@robmacarthur3778 no I don’t think so.
Maybe it’s because I went to a Honda dealer but they were still loading up a bunch of goofy add-ons. (Door edge protectors, etc.) Would not negotiate…didn’t even blink when I jokingly asked if nitrogen tires were included in their “package”. I wouldn’t mind some dealers going the way of the dinosaur.
Nitrogen is FREE at Costco. Not that anyone except Formula 1 teams and NASCAR have any need for it. But people have been convinced they must have it.
@@jamesgullo8240 right?!?! That they even offer it at all and for such a price. 😂🙄😂
I own three vehicles that are older but in good mechanical condition. I have been buying used cars from older relatives who can no longer drive. I don’t expect to purchase another new car as long as I live.
Cars are not a necessity like they rave, it’s always been a commercial market gig to sell you a product you don’t really need. This jump of over pricing vehicles was the dumbest push by governments. The vehicles were already expensive and made cheaply. Look how thin a car is compared to 1970? Do you see how they have cheated people all these decades? They got so accustomed that they actually think you became so materialistic that they can now just sell you cheap made vehicles like they are made out of diamonds and gold. Lol ~ cars were never worth the prices they sold them for prior to pandemic they aren’t worth the prices they are selling them now. Just stop buying you don’t need to go broke while these people buy a 10,000 dollar toilet.
Off topic dude.
odd. I've spoken with two high end dealerships (BMW and AUDI). Both offered 3.99% for new cars and around 5.5% on used cars.
Damn, one of my brothers went through some hard times once & we all pitched in to pay his car payment for a few months instead of ruining his credit 👍
Great to have brothers like this. Sadly most people don’t even pitch in to help the family member who is a responsible person. Much respect! 💪🏻👍🏻🇺🇸
My neighbor use to work for UPS as a driver and would get a car repossessed every time the union went on strike.
Build cars that I can still work on and keep and we'll talk.
I drive a 1999 Mitsubishi Mirage and will keep driving her for years to come, God willing. For most, a vehicle takes you from A to b, that's it. Even a newer used car is a ridiculous waste of money. Especially with the oversaturation of do-it-yourself maintenance videos out there. I've gone many years without a car payment and it's just oh so lovely.
Not having any family and most of my friends have passed so my fun is you tube and you are one of my favorites on RUclips . Nice to see an honest guy in a crazy world. Keep up the good work lucky
Thanks I appreciate that 😁👍
Bought a new vehicle last week. Just for fun, I asked what the interest rate was. They asked for my credit score (812). The dealer said 9 percent. I just paid cash, which I was going to do anyway, but didn't tell them until the price was agreed upon.
Lies
Sure Jan
That’s about right, I got about the same credit score pay cash for a Toyota 2 weeks ago and they wanted to give me a loan for like 9%
9 percent is the going rate here in Canada too. If your credit is awesome you’ll be looking at 9%. If it’s bad I don’t even want to know. Basically if you can’t afford to overpay your minimum payments by 30-50% or you can’t submit an enormous down payment DO NOT finance a car right now.
Obviously you’ve never bought a car haha
After the CPI report today, it looks like rates are going to go up in the future, not down.
and they even cooked the CPI report by having a negative 10% "seasonal adjustment" on gasoline
It doesn’t matter at this point people aren’t buying like they used to. This was done by Biden to push people into Worthless EV’S ~ however Biden is reckless and people don’t want to realize it, we have a complete dumb shit running the country. People even if we want to buy these cost will keep going up they just ain’t worth you blowing your cash. Just keep your vehicles and repair them. It’s not in our control that this government wants all your money. They made thing’s unaffordable it’s not your fault but don’t make it your fault don’t give them your money let them go out of business this was made do to them and their greed. Get used to it and just let them sink like they sunk you. Fk it , be strong and move on.
Soooo glad they are scared! We've been telling them for years that their prices had reached gouged levels. But they didn't listen. Now they might when customers don't show up. Hope so.
As pointed out by other comments, I've had a similar situation a few weeks ago. Offered 2K below MSRP on a new 50K vehicle. Dealer said no and I left. Folks Manufacturers will not lower prices if you don't push them to lower MSRP. Vehicle MSRP's have gone up by 20-30% in the last two years. Makes no sense.
Stay strong and DO NOT buy anything from dealerships had Mark-Ups!
Pretty soon, we'll be like Cuba,driving around in 40yr old cars
Isn't that great?
I’m driving a 30 year old truck.
When it comes to new, unless manufactures are willing to reprint monroneys the price drops will be laughable. The Stellantis price drops are a joke compared to prices 3 years ago.
I've seen good prices on dealer websites but when you go to see the car, they make all kinds of excuses about how that's not the price and the real price is $10K more than what was online. The ones I've been looking at aren't scared enough.
Been seeing plenty of dealers in Virginia Beach close up. been here on and off for 27 years, seen many locations with a different name over and over. Same cars, same type of dealers, different names. It never ends.
Is it a chain or just one or two
@@robmacarthur3778 independent used car dealers. Haven't noticed any big names yet.
I’m from northeast Philadelphia and they just closed up a Honda dealership a few weeks ago. I drove by last night and they put up a fence. It’s looking dark out here
I think you will see more of that from Honda dealerships with their pricing and market adjustments is crazy. I my area you see Honda dealers with extra cars off site and tons of CRV’s even Civics are starting to pile up. A Civic Si here with the market adjustments is 42,900 plus tax. MSRP is 36,900 in Canada here
Just bought a new Chevy Colorado last month. I wanted to pay cash, but the dealer said if I finance it with GMAC, he will cut $1000 off the MSRP. He said that I could pay it off right away if I chose to. OK, so I put $25,000 down, then as soon as I got a letter from GMAC with the loan information, I called for a pay off amount. I sent a check for the pay off the next day . Then today my sales person, by mistake sent me a message intended for someone else. He told the buyer that Ally wouldn't do his loan, but GMAC would. Deal was $934/month for 75 months. Buyer was going to pay $20,000 in interest over those 6 plus years. 🤷♂
you don't ever put money down. they just took your 25k cash and saw you coming from a mile away mikey
I had to read your comment 10 times and I still can't understand what you are "trying" to say. Please take some English Composition classes. WTF? You can't type like you are talking!
@@Nostrum19why not?
@@Nostrum19 Michael paid $1,000 back of MSRP how did they take his money?
1k off MSRP on a Colorado isn’t good, I would of got at least 2,500 off without really trying.
I specialize in exotic/high end and luxury. And I I can definitely see a HUGE shift in the market. It’s gotten a lot harder to get people financed and into these vehicles.
You were right Lucky. And people should have listened to you the last two years. Unfortunately Covid really messed a lot of things up. And greed didn’t help the situation either! Hate to say it but most of these dealers got way too cocky during the pandemic. Now they are paying the price. (No pun intended lol) It was so obvious it wasn’t sustainable. We were smart and we are still going great. But I feel like this is needed. The market needs a good wash out and lessons should be learned 🤷🏻♂️
Dealerships were ripping off people so bad during the plandemic (I.e 20% over msrp) that people don’t trust them. This happen to me and decided to buy a 2005 Volvo, did all of the maintenance and it’s been solid since. $3500 and no ridiculous car payments
Why would you knowingly pay 20% above MSRP for a vehicle? Doesn't sound like the dealerships fault to me. Sounds like horrible money management skills
@@cb3002233, were you asleep during covid? They were all doing it and I didn’t buy a new car.
I really enjoy your content! I continue to learn so much from your insights! Thanks for all you do!!
Funny how I clicked this video and 10 minutes into the video a dealership is calling my phone about an overpriced car I lowballed them 10k for. It’s going straight to voicemail
Kinda happy. Went to a yota dealership in 2022 and the sales floor was like a scene outta wolf of wall street. And when the car salesman said he pissed excellence.
I was like yup these air heads going to feel when shtf
People now realize they were had with the Cash for Clunkers scam.
Carmax still tryin to sell a 2014 6 cyl Mustang for $18k...
I've never had a car loan. I drove a hand-me-down for a long time, even after I got a good job with decent pay.
I bought my first new car almost 7 years into my work life, and it was a previous year's discontinued model (Mazda Protege5 that was replaced by Mazda 3), and I got a hell of a deal on it.
I don't get people buying ANY new car with a loan. I can understand someone who gets a loan to buy a $3000 used car because he's broke, but need a car to get to work, but that's about it.
The easy money is gone, time to weed out the poorly run dealers
Exactly this
And the poorly run Banksters !
kinda like weeding out all the fat people
They are all poorly run. I won't buy until I see these trucks being loaded back onto the diesel trucks that brought them to the dealers.
I will never go to a dealership again. I've been ripped off too many times.
How were you ripped off?
Dealerships aren't worried about a thing except maybe EVs at the moment. Cars are the worst depreciating assets, but demand will always be there
Demand will not always be there. If people don’t have money to buy.
Here’s an example home or rent is 2,800 monthly. You need about 10,000,00 monthly to afford any vehicle. The solution is you don’t buy that mind set is dying ~ you don’t see people changing vehicles like they used to. Here’s reality people will want but won’t be able to afford it regardless if they need it. Do people fly first class? Or in a private jet? The answer is no. Especially when everything is costing more and it keeps going up. This Biden administration ruined America.
Once again Lucky, giving us a nice education on car buying. Thank you.
Manufacturers will evolve to straight to consumer model. It will improve product identity as they eliminate the dealers 3 “F” business practices. Saturn had a great sales model and kept solid value by not doing fleet sales. Salespeople didn’t get compensated by commission & every customer got the same price across the country. Actions have consequences and dealerships are getting theirs.
Dealers wiping their tears with hundred dollar bills.
As a cash Broker or Dealer my self , Lucky is 100 % spot on there is nothing he states in this video that is not 100% truth, anyone saying otherwise are salesmen that don't understand their industry.
I'm looking forward to picking up a nice car for dirt when the fire sales start. 🔥
Yup. Me too. I am thinking a Corvette; it's time for my midlife crisis.
@@whiskers78753it’s not going to happen
Cringed at 5%, riding a bicycle at 6%
screw the banks and dealers!
LTV imaginary at best as the vehicle depreciating the moment it rolls off dealer lot. The depreciation of, “value” of vehicle presently is 60% lower in the first year after purchase. Whether cash from your pocket, cash from bank’s pocket, all sales to the dealer are cash. Dealers make money on back end of sale for selling finance. Recently quoted 4.0 for 60 months through credit union. Credit score 812. With the changes to engines and transmissions, due to government demands for carbon reduction, it’s just smarter to buy an older model and make necessary repairs. Remember when Toyota Tundra was a 8 cylinder not a boosted 6 and had transmissions that were not always hunting for a gear?
I hate the "Stimulus Ballers". I see them all over SoCal. New BMWs and I know they don't have jobs and live with their parents.
go through a Credit Union, 4.25% for 60m at my local CU.
These car companies needs to realize people only want to drive a car not live in them . I don’t feel bad for the dealerships one bit they made there bed let them lie in it .
One bad apple spoiled the whole bunch.
Actually a whole bad bunch spoiled the rest of the bad bunch. None of them have clean hands.
If theyre so scared...how come prices arent budging? Theyre all still doing everything they can, to completely screw over their customers.
Exactly I been looking and they ain’t budging
Some want to go out swinging. Gauging customers all the way out. CNC motors look them up.
🎉🎉🎉 Thank you Lucky
You and the Ninja always keep an eye on so many factors regarding our Country and it’s financial status. Blessings,Carlos ✝️🙏❤️😊🇺🇸
In Toronto Canada Jeep dealerships are only offering a 5k discount for a Rubicon X which costs 95k.
That's all.
Lots are full but no help from Stellantis and dealerships are struggling.
Great Video .. Your definitely ahead of the curb with this information because I’ve personally witness a vehicle I was interested in purchasing drop from 72k to 58k in a matter of 2-3 month here in Florida .. and it’s still sitting on that lot !
If dealers won't budge people shoul just NOT buy. People need to realize they need 2 sell cars more than we need to buy. But several people give in 🤦 my neighbors just made this mistake n regret it instantly & that's with me helping them get 3k less in fees they were charging n 2 minutes over phone
I feel no sympathy for Dealers or for OEMs.
Getting call backs and follow up from dealers I’ve inquired with mid to late last year to see if I’m still in market.
Me too. I dont reply, they got the message. BOHICA is over!
Not enough dealers are going out of business. Direct to customer sales only
thank you for the great videos !
Just bought a truck 9000 under msrp and 0% finance for 5 yrs.
Brand?
The $9k under MSRP price is still too high.
Niice!
You’re still negative equity whatever truck MSRP is ,it’s still too high and a 2022 model is worth less than that huge discount, if they offer 0 percent financing that means that car isn’t moving and it’s generally holds shit value …
Your in better shape than most; as long as it’s not a EV!
I've got two words for ya... POETIC JUSTICE
Working as a new car saleman for the past two month, I'm faced with the frustration of giving a price 6000$ lower then the street value of the car because the used car director is taking a big pading to not sale the cars at a lost. The problem with that is once you give the redicoulously low exchange price to the customer then all the work you have done in your presentation goes down the drain because the customer don't even want to talk to you after that.
Lol better find a new job
It’s hard to stand out, but good sales people are out there. Some people like that game, and some don’t. Me I make 1 offer and it’s take it or leave it, but I’ve sales people that I’ve liked enough that I’ll pay more than I want to buy from them. Always to counter an offer, it’s the ones that don’t even try that I just give up on.
You have to be stupid or rich to trade a used car in for a new car. Sell privately and buy something a few years old.
@@melissasmess2773 yes trading in is dumb, I believe we all have different use scenarios, I drive my cars about 80k miles a year and I don’t sell of trade them I give them to family.
@@bakoguy5330 You change your cars every year after clocking 80k on them or what's the story?
I live in California, went to a Nissan dealership yesterday, i couldn't even drive into the lot because there were so many new cars. They took up every inch of the new car parking. Had to park on the street.
Same here. Nissan dealer is overflowing, along with all the US manufacturers. Toyota dealer? Lot's half full in town, buuutttt...went on a little road trip out of town, both Toyota & Honda dealerships are overflowing. This in California as well. 😊
Dealerships Are SCARED
💯
Just placed an order for Tesla. Dealers are playing games in my area.. They have 100s cars on their lots.. Lot roting but still think they can get best out of me. Jeep and Dodge had chance to sell me 2 cars but they turned me down.. I wanted buy my son Challeger and myself for Grand Cherokee. I got one Hyndai and one Tesla instead now. Just tired of their non sense and now they have called me a few times said their manager really wants me to come back and talk about it.. I was like No wonder their sales are down. All I wanted was honor their internet prices. They tried to charge $3000 more for each car. I told them I'm not paying more than what they are advartising on their internet and walked out. Wasted my precious 2 hours. Never would go back to Dodge/Jeep/Ram dealerships.
The fact that dealers can charge above MSRP is just criminal. I understand if you get a vehicle that’s in very high demand from the dealer and you want to sell it for profit, that’s different because you’re not a business. Perfect example this is the C8 Corvette going for 50 to 100,000 over sticker at the dealer.
Interest rates may go over 10% 😵 poor rated 15%
$$$$
But I deserve that brand new car...
Gm is doing 2.9 for trucks and 3.99 for just about everything else.
Yikes! This is why I buy used cars and not new. Plus, I only want manual transmission. 🏎️
A new car starts to depreciate the second it leaves the car lot. It goes on sale and much like stocks and crypto, I buy red and sell green.
@@Oneproblemme101 But you need nearly 900 credit score to "qualify"
😊👍Thanks for a great video. Carry On Sir.
Scared you say? Their fear our my joy! We love it!
A Ram dealer came to me offering me a used 2022 Ram Warlock 5.7 hemi with 47,000 km for $81,000 😂😂😂😂 I told them they were out to lunch. These dealerships need to give their heads a shake.
great content..I work for a bank, rates are very high right now...crazy the dealerships can offer better rates than we can...even if it's from the same bank I wiork. im actually looking at 2023 Nissan Titan Pro4X...even the prices for these trucks are still high..
It would depend on what type of/brand of vehicle you’re looking at
I’ve been watching and keeping up with the truck market for several years, the prices are falling new and used but not as fast. Some of the “rare” trucks that were 40-50k used are about 32-40 now. Still too high for what they are but I’m seeing a down town slowly.
Hey Lucky I didn't know you were from Las Vegas but I just recently subscribed to your channel I'm in the automotive business been in there for close to 50 years and I can tell you being born and raised in Las Vegas a lot of car dealerships here are very very bad and deceptive and obviously you know which ones I'm talking about including a few Dodge dealerships
One of the few good dealerships in town is Jim Marsh He's as honest as the day is long
Are they Dodgey?
I was a stimulus baller but got something I could afford so still in my 2020
I call it Carmel, they didn’t look at it when they were charging customers OR Consumer left and right $10,000 over MSRP. I remember back in the days used to negotiate down NOT UP ⬆️ now they need to suck it up and deal with the consequences. Good for all these dealers and the only one that screwed them the banks up. It was the same dealer that they do business with at the end it’s not the consumer it was the dealers the mess things up. It’s called being greedy. I’m super happy that now the banks are tightening up with them. 👌👏👏👏👏
Great information..
Cars are 100% at least overpriced.
I wonder if this would get like my home country. Where I come from most people pay cash cause qualifying for a loan is pretty hard, you either have to be a doctor, lawyer or work for the government to be approved.
Not sure
What country?
Naw, pretty soon, manufacturers will offer 0% and 10k off when cars and trucks start piling up at the ports.
@@kennychao4143 Issue is, the cars that are pilling up are the cars no one want. Those cars who people always wanted some even have a line waiting for them
@@Tracked350Z What Venezuela used to be, altho I could say the same about Costa Rica.
Shouldn’t cash buyers get better deals then? Unlike what I have believed to be the case that unscrupulous dealers overcharge cash buyers
Work from home is making a lot of Commercial Real Estate less valuable. No need for the space.
No need to buy a new car so often if you are not commuting to work 5 times a week. Cars last longer if they do not get a lot of hard use commuting. Keeping a beater is easier if you do not need to commute.
Demand for cars in the future is probably going to go down. Type of cars needed is also going to adjust.
This seems like a benefit to pay with cash or get pre approved from a credit union.
More fool those dealers that have been moonlighting as banks on the side. Why would any dealer act as the bank. Better to point the customer towards the local credit union or bank and say come back when you have finance. But dealers are always chasing kickback commission and now that has some consequences 😢
They should have stuck to selling cars and not selling people into finance they can’t afford.
Interesting info. I haven’t financed a vehicle in 20 years and never plan to.
Cars are the number one killer of wealth for the middle class!😎
Agreed! I haven’t financed in 8 years!
💯
What if it is 0% for 36 months? How does it kill the wealth?
Agreed ... 30 years here.
I'm never borrowing money ever again ... I pay cash or I don't buy it.
That's why I'm still driving around in my 2002 Nissan Sentra 5-speed.
Why doesn't the dealership potentially pay the first three loan payments if the customer doesn't pay.. That will save them a ton of money.
Many small dealerships probably don’t have the cash flow to take such a loss on more than a few cars.
Many do & negotiate with deadbeat to get past recourse.
They’re not likely to make the 4th payment either.
@@tomlorenz4344 At that point it’s the bank’s problem; only on hook for recourse time.
@@flashnmb1 ahhh true
Dealerships who use floorplan are in big trouble right now: Regardless of how the consumer side of the credit crisis goes if dealerships cannot afford to finance their inventory (floorplan) then, unless they have a lot of cash they will be unable to bring in the inventory they need to stay in business. Floorplan companies are starting to repossess new cars from dealerships. Adding to this crisis is, due to the absurd markups dealerships were charging during COVID there is an unprecedented amount of negative equity on newer used vehicles right now, which finance companies are refusing to roll into a new vehicle. Short-term thinking by dealers provided the rope that they are now using to hang themselves, and I have no sympathy for them. At all.
Facts!!! $$$$
Most dealers floor plan, their businesses are under capitalized
With all the repos dealerships need to place a permanent tracking device on the vehicles.
What's up Lucky !
Noticed a honda/Toyota dealer the other day with a used lot practically empty
Now is not the time for fear!
That comes later!
Car dealers have done it to themselves over pricing cars and trucks for the past few years . WHO to hell can afford a 1000 dollars a month payment not the average person . Not they are crying because people can’t afford to buy a car . All the suckers already have bought trucks and now they can’t buy another one for 7 or 8 years . Guess they should not have been so greedy ha ?
So well what happen to the cars left out there after the dealer goes out of business
Do repossession show up on car fax or auto check.I don't think so
Did on a used suv I bought in 2022, I changed out all the locks and new keys to play it safe
I did notice that the type R civics were going for 40k used but I did my homework and got my 2017 fk8 for 35,766 I only overpaid for shipping at 1220.
Do you guys have the Ssang Yong Musso or the the LDV T60 range ? Or the GMW Tank 300 or 500?
The LDV T60 goes for 26k USD drive away brand new
I seen in LV all over ppl with new cars how is it possible? If the market is in a mess, make no sense.
Living on credit.
Most of dealers are adding the bank fee to the selling price
There is no way out of this auto loan crisis,
Dealerships will pay the price of their's overpriced cars 🚗 and high interest.
I'm convinced we won't see the bottom drop out until dealers start going out of business and start flooding the market with new and moreso used inventory. Looks like the best shot of that happening is labor day. They were flush with cash for so long so it's taken awhile. But it's going to happen.
Thank you, Lucky. I've been trying to wait patiently to buy a good used Toyota truck with cash, but I want to wait until the market is not quite so insane. Many people have said things won't turn, but you've helped me hold and believe the wait will be worth it.
Deals coming soon. I saw a lot of Toyota trucks selling at MSRP. Hopefully that will lower prices on used Toyota
There will always be a sweet spot in the market. But that sweet spot is shrinking fast. That’s called demand destruction. Most dealerships are not smart enough to adapt. The real story is about three months away. Get your butter popcorn out.
What is the real story?
@@EMichaelBall Demand destruction. The post tax season market will crash even further. Average inventory days will approach one year. Onerous floor plan charges. High interest rates. Falling customer credit profiles. Restricted lending practices. The new car dealers have been shot. They just haven’t fallen down yet
Cars have trackers on them for repos. They can find them.