Exposing the Worst Vehicle Markups in Los Angeles

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  • Опубликовано: 9 фев 2022
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Комментарии • 775

  • @kevinhoward3685
    @kevinhoward3685 2 года назад +669

    The worst part is people keep buying these cars so dealerships will continue ridiculous markups

    • @effspot
      @effspot  2 года назад +156

      Agreed, we talked to a few sales people and they said people will pay for the markups and not care. Especially for vehicles with a gross weight over 6000 pounds. Certain tax laws allow them to write off the entire vehicle with section 179. So what's another 100k over sticker when its being written off for taxes?

    • @Cyborg_Auto
      @Cyborg_Auto 2 года назад +2

      They don't have much choice if you want anything from a dealership..

    • @BalrogSlayer666
      @BalrogSlayer666 2 года назад +12

      @@effspot unfortunately it only applies to trucks it seems, i tried to get a taycan since it's just over 6000 lbs and it didn't work for write offs

    • @MrBlaze256
      @MrBlaze256 2 года назад +4

      My friend sold a used tacoma for like 60k. The girl traded in a 05 miata with 70k miles dealership gave her 1500 for it. My buddy got to buy the miata at the trade in cost

    • @SkodaYetiFan
      @SkodaYetiFan 2 года назад +6

      @@BalrogSlayer666 That's exactly why G wagons are that popular among rich people.

  • @brentelledge2869
    @brentelledge2869 2 года назад +233

    49k for a Camry, if I ever spent that much on a Camry I’d be embarrassed. The people paying 2-3x over MSRP or more are going to be surprised when they go to trade them in and see the negative equity is the same amount as the car they’re trying to purchase when the market settles down lol

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @drewww723
      @drewww723 2 года назад +12

      really!! I spent around 38k on a Brand New 2020 WRX like 5 months ago, That camry markup is out of this world..

    • @haii1650
      @haii1650 2 года назад +6

      I just got my Camry 22 SE with all the options I could get for 36k. Basically MSRP + Tax. No negotiations room but i ain't EVER gonna pay for market adjustment that is just straight bs. Had some idiot tried to sell me a Civic Touring for 49k LOL. Laughed so hard right there when I saw the paper the guy shooked.

    • @ScianGT2
      @ScianGT2 2 года назад +1

      Camry hybrid here cost like 51k+ (indonesia)

    • @lprince96
      @lprince96 2 года назад +13

      For a Camry? I might as well buy a Mustang GT Premium at that price.

  • @comprendays5590
    @comprendays5590 2 года назад +399

    Finally more exposure to the ridiculous market prices!

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @andrest2002
      @andrest2002 2 года назад +2

      It’s because the dealers have no cars to sell. They aren’t make producing many that’s why when they do have new cars in stock they are marked up

    • @houseofsharpeis9366
      @houseofsharpeis9366 2 года назад +1

      People keep paying

    • @jackhammer078jack4
      @jackhammer078jack4 2 года назад +1

      I will just stick with my car for a couple years.

    • @Origin_Stories
      @Origin_Stories 2 года назад

      19:35 Expensive joke.

  • @moeblisss12
    @moeblisss12 2 года назад +108

    “Window theft etch” is such a freaking scam

    • @tamarab8972
      @tamarab8972 2 года назад +20

      Same as overpaying dealer to tint or paint protector bs some people get😂😂

    • @alexrekzu4079
      @alexrekzu4079 2 года назад +3

      2k too!

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @00sra
      @00sra 2 года назад +2

      What even is it?

    • @moeblisss12
      @moeblisss12 2 года назад +5

      @@00sra they etch the cars VIN onto each window to make the car more identifiable. It’s supposed to be a theft deterrent but thieves couldn’t care less

  • @1johpo
    @1johpo 2 года назад +29

    6:45 $49,000 for a CAMRY! That dealership should be completely SHUT DOWN for that! 🤦🏽‍♂️

    • @beefwellington7323
      @beefwellington7323 2 года назад +2

      You sound slow

    • @1johpo
      @1johpo 2 года назад +17

      @@beefwellington7323 You probably work for the dealership.

    • @googleaccount6931
      @googleaccount6931 Год назад

      With no sunroof and no push to start 🤣

  • @InNout8888
    @InNout8888 2 года назад +40

    Get rid of dealerships…. Bunch of damn crooks….. We need factory direct showrooms in the US.

    • @grantlam9247
      @grantlam9247 2 года назад

      Go to Tesla. They do direct to the customer. I wish other Auto Makers did the same

  • @JaredConnell
    @JaredConnell 2 года назад +126

    Imagine financing a car and still owing more than msrp after like 3 years.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @mexicanspec
      @mexicanspec 2 года назад

      You have to put that overage down. A finance company is not going to finance that much over.

    • @joesmith9216
      @joesmith9216 2 года назад

      biggest saps, but hey....if you have endless money.

    • @LuxuryBeatsMusic
      @LuxuryBeatsMusic 2 года назад +1

      that's why most people aren't very wealthy

    • @caphs2107
      @caphs2107 2 года назад

      Exactly..👎

  • @fllsend
    @fllsend 2 года назад +58

    I gotta give props to effspot. Literally went out to every dealership in California. This man is a legend.

    • @chakky533
      @chakky533 2 года назад +2

      agreed, but he did not literally do that...

    • @LuxuryBeatsMusic
      @LuxuryBeatsMusic 2 года назад +1

      @@chakky533 guy said literally. He meant it!
      "in a literal manner or sense; exactly"

    • @chakky533
      @chakky533 2 года назад +2

      @@LuxuryBeatsMusic ? but there are like thousands of dealerships in the state

  • @jordanriskophotography
    @jordanriskophotography 2 года назад +72

    $1695 for perma-plate?! L O L what a joke.
    Edit: perma-plate is a "sealant" that is applied to a car while the car is wet with a sponge. It's supposed to be like a wax but its complete junk. After about 3 or 4 washes that stuff is already worn off. Save the money and get a real ceramic coating. This is coming from someone who works in a dealer that uses it.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @kevinmccallister3133
      @kevinmccallister3133 2 года назад +6

      Honestly anything the dealership added to the car is a scam to increase total price. Winter Floor mats at $250, exterior protection $300, wheel locks $150, etc. complete joke. Most of the time you can negotiate these things off

    • @PanameraTurboSEHybrid
      @PanameraTurboSEHybrid 2 года назад

      @@kevinmccallister3133 I believe that's how the sellers make their money. It's basically like you giving them a tip when you add those extras. Day might come when the customers buy directly from the manufacturer and cut dealers out completely only having service and detail centers.

  • @MobiusFour-Four
    @MobiusFour-Four 2 года назад +65

    You know things are getting out of hand when civics are close to 50k and rav4 close to 100k

    • @tigerhoods7927
      @tigerhoods7927 2 года назад

      Right they should never be that high

    • @TockaMea
      @TockaMea 2 года назад

      Lost my mind when i saw a rav4 for 100k

    • @MiDLiFECRYSiS
      @MiDLiFECRYSiS 2 года назад

      My girlfriend was looking at 2019 RAV LEs for 31k. I called our local Toyota Dealership, she walked out with a brand new 2022 RAV4 XLE for 32k (MSRP). The greed and idiots who buy this shit is asinine

  • @godspeed787
    @godspeed787 2 года назад +245

    Glad people are talking about this, it's getting out of hand

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

  • @bennytdi
    @bennytdi 2 года назад +48

    Dealers just pulling random numbers out of their ass.

    • @mochabear88
      @mochabear88 2 года назад

      i think they genuinely dont wont to sell their cars rn. i dont understand why but this shit is suspicious

  • @salweezy1
    @salweezy1 2 года назад +35

    $50k for that Honda Civic 😂😂😂

    • @Stormtrooper-oc4vn
      @Stormtrooper-oc4vn 2 года назад +1

      That the price for a Civic si turn key. Imagine how how that costs now.

  • @neurolect4843
    @neurolect4843 2 года назад +82

    The worst one I’ve seen so far and it hasn’t been by far is an $18,000 Dealer Market Adjustment on a 2022 Kia Telluride. MSRP was $50,000… crazy these days.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @jacobd1432
      @jacobd1432 2 года назад +7

      I saw 15,000 markup on a base model civic hatchback, msrp was 23000... (Airport Marina Honda btw, never go there horrible and unethical dealership)

    • @neurolect4843
      @neurolect4843 2 года назад

      @@jacobd1432 bro, that’s wild. 😳

    • @M67v
      @M67v 2 года назад +1

      That would get you loaded RX 350 L

    • @M67v
      @M67v 2 года назад +5

      But if you think that’s bad? Try a $96k Toyota RAV4 Prime

  • @hamza4real
    @hamza4real 2 года назад +68

    Dealers love saying "it's because of the chip shortage"

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @jasonjhee4944
      @jasonjhee4944 2 года назад

      What’s it because of then?

    • @tigerhoods7927
      @tigerhoods7927 2 года назад +2

      Lol that is their fave phrase

    • @MiDLiFECRYSiS
      @MiDLiFECRYSiS 2 года назад +6

      @@jasonjhee4944 greed. No car is worth even 25% over MSRP. Plenty of local dealers by me have markups, but they're really only a grand or two. I still wouldn't ever pay a cent over MSRP. The dealers know they can talk impatient idiots into this kind of mistake. By the time the car is out of it's lifecycle they'll probably still owe MSRP on the thing.

  • @RapidRedRider
    @RapidRedRider 2 года назад +5

    I was car shopping recently looking for a good mpg commuter car and found a 2018 Nissan Sentra. They were asking $19k. I liked the car and decided to get it. After their ridiculous mark ups and hidden fees the otd price was $37k!! I got up and walked away and the salesman got a major attitude and had the audacity to thank me for wasting his time. He said “the 2 hours I spent with you could have been put towards selling a car to another customer”. I said “look around dude, I’m the only customer here” which made him more angry. I couldn’t believe the final price was almost double the asking price. I went across the street to another dealer and the sticker prices were so high I went home. This is crazy and people need to stop paying these prices and they’ll start going down. And That’s in Tulsa, Oklahoma

  • @cl7510
    @cl7510 2 года назад +34

    A Rav 4 with a 40k markup??? Anyone who’d pay that is likely brain dead.

    • @TockaMea
      @TockaMea 2 года назад

      Saw a Prime rav4 for 100k at the dealer

    • @vce.john1734
      @vce.john1734 2 года назад

      True asf at that point I rather get a 2021 Tesla model y long range or different electric car.

  • @nhilist5774
    @nhilist5774 2 года назад +16

    This would be avoidable if the government didn't legally prevent manufacturers from selling direct to customers

    • @MiDLiFECRYSiS
      @MiDLiFECRYSiS 2 года назад +3

      Yep. This is so overlooked and it's a ridiculous model

  • @chris_g_nixon
    @chris_g_nixon 2 года назад +54

    Thank you for exposing the market madness Effspot! This is unreal!

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

  • @Capsule71420
    @Capsule71420 2 года назад +21

    I’ve seen a Toyota Sienna marked up at $70,000. 😂

  • @travanx
    @travanx 2 года назад +30

    I tried to buy one of those Keyes IS500's last week. Sticker $62k, Dealer price $72k, but once you sit down it then becomes $83k and can't buy it. Huge waste of time. Not surprised they are throwing out numbers to see if anyone will bite on ridiculous prices.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @jalvarez2216
      @jalvarez2216 2 года назад +1

      I saw $67k on the sticker of a Launch Edition IS500 from Lexus of Henderson. Can’t imagine what the actual price would come to at the end.

  • @welloilbeefhooked4984
    @welloilbeefhooked4984 2 года назад +18

    Guys its the same here in the UK, Land Rovers in particular are going for silly prices(especially the new defender), but also if you where lucky enough to have ordered a brand new car 12 months ago and took delivery you could sell it the next day for $40k over what you paid. Even MK8 Golf R's are selling for £60k ($82k) for a Golf which is crazy!!!

    • @Paco1337
      @Paco1337 2 года назад +3

      V8 Defender in my country is 170k euros

    • @5isous
      @5isous 2 года назад +1

      @@Paco1337 250 in my country

  • @andrewwinick2906
    @andrewwinick2906 2 года назад +22

    “Market adjustment “ nice way of saying price gauging

  • @HKTjohnnywalker
    @HKTjohnnywalker 2 года назад +9

    I sold cars for 15+ years and sooner or later the market will correct itself and all the idiots that bought cars with these insane markups are going to be screwed if they ever trade it in or try and sell on the private market.

  • @ethanvlogz_6070
    @ethanvlogz_6070 2 года назад +12

    Ford already said that if their dealerships continue to do it they’ll lose their lightning allocations. GM said the same thing and said dealerships would lose their Z06 allocations if they continued doing markups

  • @raulsanchez4718
    @raulsanchez4718 2 года назад +15

    I almost died looking at the markups

  • @GlorefyeXO
    @GlorefyeXO 2 года назад +9

    6:37 I’m speechless 50k for a Camry

    • @888Morrow_
      @888Morrow_ 2 года назад +2

      You could buy a used hellcat for that much

  • @andyh9228
    @andyh9228 2 года назад +3

    Very informative, no other car enthusiast take his time to inform his viewer/subscribers - once again Thank you

  • @f0nd004u
    @f0nd004u 2 года назад +26

    That ditch in the middle of the parking lot may be for draining water out. There are definitely better ways to do it. I've never seen that before.

    • @au1317
      @au1317 2 года назад +2

      It would make sense to me at least that it's a mild theft prevention measure. If someone tried to steal a car and hit that, they'd have to run on foot

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @mexicanspec
      @mexicanspec 2 года назад

      If the dealership is in a flood plane it may have been required for insurance purposes.

  • @TeamShiitakeRacing
    @TeamShiitakeRacing 2 года назад +10

    The best part is some of these don't show the price mark up on the websites. You get kicked in the ass when you get there.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

  • @gen13pinoy
    @gen13pinoy 2 года назад +6

    The dealership system that suppose to protect us from big automaker company...is failing is today

  • @cj41079
    @cj41079 2 года назад +1

    epic collection.....we need an episode of your collection again....congrats on Murci collection! looks great!

  • @mdsveda
    @mdsveda 2 года назад +8

    Insane. People will be be upside down in value over time.

    • @9991083
      @9991083 2 года назад +1

      People that bought Nissan, Kia, and Hyundai have upside down no matter how crazy the market is 🤣
      Thanks Carmax for taking the tradeins with a ridiculous value.

  • @vishnusupremex7955
    @vishnusupremex7955 2 года назад +1

    Love the channel Gordon, keep it up!!😀👊🏼

  • @scalecrawlnl
    @scalecrawlnl 2 года назад +2

    Interesting and investigative reporting from effspot. Never heard of market adjustment. Curious
    to learn more, see if the extra charge is also a wide-spread phenomenon in the used car market.
    Thank you Gordon, a great video👍

    • @bamjeep461
      @bamjeep461 2 года назад +2

      oh yeah its also in the used car market, for example older toyotas that used to go for like maybe 6k most are now going for 10- and the worst ive seen 57k. so its just bad everywhere.

    • @scalecrawlnl
      @scalecrawlnl 2 года назад +2

      @@bamjeep461 Thank you for the explanation, that is totally new to me, a great market update, much appreciated input, Good Sir.

  • @PurgatoryVLM
    @PurgatoryVLM 2 года назад +2

    Great work 👏🏾 👊🏾
    Now do one on how manufacturers put conditions on RUclipsrs for things like when they can release a vid

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

  • @ADRIAN0.9.80
    @ADRIAN0.9.80 2 года назад +1

    Very interesting video thank you so much for making it. 👍🏽

  • @davekeyz8016
    @davekeyz8016 2 года назад +8

    Those mark ups are everywhere!! It sucks balls out there

    • @effspot
      @effspot  2 года назад +5

      I hope the manufacturers punish these dealerships.

    • @MiDLiFECRYSiS
      @MiDLiFECRYSiS 2 года назад +1

      @@effspot they should pull their licensing for it. This is asinine

  • @gstevens6948
    @gstevens6948 2 года назад +1

    “Market Adjustments”…..🤣💥

  • @LucciOW
    @LucciOW 2 года назад +1

    RUclips hasn't been putting your vids on my home page anymore and I'm a long time sub w/ notifications. I've missed so many videos man...

  • @tentywenty
    @tentywenty 2 года назад +6

    I can’t wait to sell my mediocre-condition e36 for 15k lmaooo

  • @jmswng77
    @jmswng77 2 года назад

    Most informative market info, and thanks for the warning!

  • @triot2127
    @triot2127 2 года назад +17

    I know someone that works for GM, apparently the manufactures are not happy about this. Apparently Detroit is full of cars that are about to roll out over the next year.

  • @TupacsStepSisterlocoman
    @TupacsStepSisterlocoman 2 года назад

    nice video, I enjoyed this type of style

  • @flandernfields2478
    @flandernfields2478 2 года назад +2

    Crazy! Appreciate the effort

  • @mauroaguilar3357
    @mauroaguilar3357 2 года назад +1

    Love the car model section of the vlog!

  • @juniorpolanco3836
    @juniorpolanco3836 2 года назад +1

    so glad we got our GLS450 a year and a half ago before all this adjustment stuff kicked in. we were starting to see even back then inventory problems, we couldnt get a fully optioned one locally on the west coast and had to get one in New Orleans and had it shipped to us.

  • @javansarmiento7151
    @javansarmiento7151 2 года назад +5

    LOL entering into the maniac market phase before it comes crashing down. I’ll be ready to buy Pennie’s on the dollar

  • @madebykemo
    @madebykemo 2 года назад +2

    Super wild to see this IRL versus just hearing news prints say “chip shortage” constantly

  • @jons8381
    @jons8381 2 года назад +2

    I live across the street from the Toyota dealership you visited. It’s insane to see these markups. Thank you for exposing these greedy bastards. Of course, I blame the consumer for being dumb enough to pay that price as well.

  • @sebastiancamacho1952
    @sebastiancamacho1952 2 года назад +15

    Hope you’re doing well bro, big ups!!

    • @effspot
      @effspot  2 года назад +8

      Doing pretty well! Lot more videos coming soon!

  • @misterbem1
    @misterbem1 2 года назад

    Thanks for putting a video about these markups. Houses have markups around %150 - %200 as well.

  • @JustinsSupercars
    @JustinsSupercars 2 года назад +2

    That’s unbelievable. It’s crazy that this is actually allowed by law. Fortunately this is not possible here in Germany. New cars can’t be sold over sticker. The dealerships can’t just make their own prices with new cars. However the used car market is off the charts here in Germany as well. Pretty much any used car ( really old or nearly new cars, doesn’t matter) went up 10-30%. It’s really ridiculous.

  • @HazleMods
    @HazleMods 2 года назад +2

    Plus the Lexus IS 500 is a “1 of 500” launch edition and that blue RCF track edition is a “1 of 50” . The dealerships are using limited run vehicles to run up the price also

  • @user59371
    @user59371 2 года назад +2

    The flat top is coming in nicely Gordon

  • @justinkenney7326
    @justinkenney7326 2 года назад +1

    So in Virginia we don't have the market adjustment, but after you negotiate the price. You go in a back room with the finance person and all those extra are then pitched to you. You don't to get them. Also, ask who the companies are that provide the interior and exterior protection. Alot of dealerships will tell you that rock chips are covered,but when you speak to the actual company that is providing the paint correction will tell you different. We learned this with our gladiator and had I read the fine print on the contract, it said it right there, does not covered rock chips or paint chips. Only covered fading and cracking of the paint.

  • @jsb1945
    @jsb1945 2 года назад +13

    That’s crazy! How the dealers have the courage to sell this cars with a totally crazy prices!
    Some of this prices is 20k over the real ones. That’s completely insane. No words about that.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

  • @theylive2749
    @theylive2749 2 года назад +2

    The Porsche dealer in my area has the 992 GT3s with like $160k msrp with a $300k asking price.

  • @christianmaixner9091
    @christianmaixner9091 2 года назад +2

    I am working at a car dealership in germany and the german carmarket is also getting effected by the chipshortage. The prices for used cars also went up in the last few months, but prices for new cars only got increased by the carmanufactorers a bit. But these adjustments in the USA are mindblowing. XD

    • @carcaviar9321
      @carcaviar9321 2 года назад

      Yeah, here also in Belgium we don't have those markups. We sell cars at (nearly) the same price of what the manufacturer tells to sell them. We can't give a car 10k markup because we are not allowed an to many competitors nearby. Also I would feel bad if we did that. Meanwhile people order a car and wait a year or more to receive it.
      The second hand cars are like 2k higher in price

  • @Z3R3A
    @Z3R3A 2 года назад +7

    Effspot back with the LA uploads 🔥

    • @effspot
      @effspot  2 года назад +3

      Incoming back to back bangers.

  • @Eze_Aj_Steezy
    @Eze_Aj_Steezy 2 года назад +1

    The man behind the camera good too see you for the first time lol

  • @ozzy1427
    @ozzy1427 2 года назад +6

    That's ridiculous man I'll just stick to owning old cars lol

  • @17luke
    @17luke 2 года назад +1

    Your 2 favourite Murcis are the same 2 autoarts I have.. can't beat those 2 sitting together

  • @klemire9555
    @klemire9555 2 года назад +1

    Another video like this would be cool when you visit other parts of the US or just other dealers in general

  • @bigz3611
    @bigz3611 Год назад +1

    Our Benz dealership was on our local news for trying to market up 120 grand on a new gwagon to bring the total to 276 grand. The guy that tried to buy the vehicle got his lawyer involved

  • @pl4819
    @pl4819 2 года назад +1

    We recently purchased a new Mini Cooper 5 door hatch, the dealership said they can’t mark up from original price (regulation/etc) since a one year old used one with less spec is £2k less and this is in the U.K. used car prices are mental over here right now tho.

  • @garagenextdoor807
    @garagenextdoor807 2 года назад +1

    That part in the parking lot is the storm drain lol, so the water doesn't flood the lot and goes elsewhere

  • @LRMillsy
    @LRMillsy 2 года назад +1

    Dealerships have always been scum but this is a whole new level.

  • @johnmustac189
    @johnmustac189 2 года назад +8

    Great video to expose these stealerships!

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

  • @reecewcrawford5082
    @reecewcrawford5082 2 года назад +7

    I agree with everything that you discussed other than the m5 CS. It’s extremely limited and will appreciate for the rest of history. Any car of that status appreciates no matter what.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @tommyhairyeah7726
      @tommyhairyeah7726 2 года назад +3

      No new bmws will appreciate

    • @inosurrender8327
      @inosurrender8327 2 года назад +1

      Only way an M5 will ever appreciate or very slowly decrease in value would be if the next gen M5 becomes fully electric.

    • @OttonFilms
      @OttonFilms 2 года назад

      The only way the m5cs appreciates is if it's not driven at all. M4 CS is still the same price basically a bit under msrp.

  • @sc_cammer1342
    @sc_cammer1342 2 года назад +14

    88k for a Civic and 96K for a rav4, they don't even want the business.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

  • @g.o.n.c.a.a.s.5090
    @g.o.n.c.a.a.s.5090 2 года назад +1

    Effspot, did you put your Kaido Racer in auction? Because I haven't been around for a time and I saw it in Instagram.

  • @Kjk_808
    @Kjk_808 2 года назад +29

    There’s a big reason why people don’t buy new cars from dealerships anymore, this is the main reason

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @stephenweewoo
      @stephenweewoo 2 года назад

      If your poor

    • @shahnishotit
      @shahnishotit 2 года назад +6

      @@stephenweewoo don’t worry you will be too once you buy a new vehicle

    • @stephenweewoo
      @stephenweewoo 2 года назад

      @@shahnishotit you sell it before it depreciates

    • @shahnishotit
      @shahnishotit 2 года назад

      @@stephenweewoo that’s if u can pay it off without negative equity

  • @youtubesucks8024
    @youtubesucks8024 Год назад +2

    I won’t feel bad when all these dealerships go out of business. Might even throw a party.

  • @itsjosh8453
    @itsjosh8453 2 года назад +4

    I think Longo is the one of the dealerships that doesn’t mark up their vehicles in socal

  • @KingASE88
    @KingASE88 2 года назад +3

    You could buy a whole other car instead of those $10k markups

  • @JoeBlo2
    @JoeBlo2 2 года назад +2

    G550s in Canada are going for $250K CDN, and G63s are over $350K. More than used 911 GT3 prices.

  • @carguy9292
    @carguy9292 2 года назад +2

    I once saw a pic of a Civic Type R Limited Edition for retail at 50k, already insane, but with a dealer markup of 50k so it came out to be 100k for CIVIC. A CIVIC.

  • @talibnunnally1531
    @talibnunnally1531 2 года назад

    Just wondering. If you went to the dealer and ordered one brand new (not in stock) with a few personally chosen specs, to be manufactured and wait for delivery, would you still get hit with a markup?

  • @thomassantos8470
    @thomassantos8470 2 года назад +6

    jesus!! why people dont stop buying overpriced cars? like, just give a break and demand and prices go down...

  • @4200timeB
    @4200timeB 2 года назад +2

    Yeahhhh . an you said it right "whos buying these at this price "? Also the curb thing is for lot drainage when it rains id assume

  • @hansajasulohith5867
    @hansajasulohith5867 2 года назад +2

    Well here in Sri Lanka, used 5 year old Corollas goes for around $50k - $80k😂
    And the reason for that being is the government temporarily banned importing any passenger vehicles back in March 2020 and hasn’t been lifted since😬

  • @InsaneSupercars
    @InsaneSupercars 2 года назад +16

    I worked in sales for 5 years & all our New cars always had markup before COVID. It was $5,000 markup for ETCH, Cilajet, Clearshield. Our GT-R’s had $20,000 & Ram TRX’s had $30,000 markup, but that was normal for us. Typically people will negotiate the markup or just go thru the Costco Auto Program to avoid any markup.

    • @hamza4real
      @hamza4real 2 года назад +1

      But now, dealers won't even negotiate a markup

    • @rightfight100
      @rightfight100 2 года назад

      @@hamza4real lol we do, just gotta be good at haggling

    • @M_Lopez_3D_Artist
      @M_Lopez_3D_Artist 2 года назад

      @@rightfight100 haggling its such a skill or art, id like to know

    • @rightfight100
      @rightfight100 2 года назад

      @@M_Lopez_3D_Artist not too hard to learn honestly! practice makes perfect

    • @DomV123
      @DomV123 2 года назад +1

      @@hamza4real Because they don’t have too, the car market is hot right now and if you don’t buy it someone else will

  • @owyea092
    @owyea092 2 года назад +1

    The driver in the charger probably happy AF getting his loan approved for 85 months @ 18% apr

  • @chosenone2363
    @chosenone2363 Год назад

    Wow ! I believe 🙏 their was a Hugh Mark up I look at Cadillac beve hills , they wanted crazy down and crazy car payment plan. Both Mark up !

  • @vincent-fx7le
    @vincent-fx7le 2 года назад +2

    You could even add to this how people are ready to travel 6+ hours to see a car and buy one without inspection.

  • @-destiny-4496
    @-destiny-4496 2 года назад

    Need more videos like this 🙏

  • @angunias
    @angunias 2 года назад +1

    finally someone is talking about it, this is getting crazy

  • @pete6724
    @pete6724 2 года назад +1

    It's happening all over the world, supercars are marked up by 60k in the UK, it's the lack of new cars hitting the road.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

  • @TockaMea
    @TockaMea 2 года назад

    Remember a 10k markup is an additional 1k in taxes. That's gas for a year on that civic.

  • @cmorlok
    @cmorlok 2 года назад +11

    This is a lesson in economics as well as a real world example of how inflation operates. The higher our national debt goes and the wider the trade deficit grows the worse this is going to get:

  • @matt_hayward
    @matt_hayward 2 года назад

    Toyota Landcruisers are ridiculously popular in Australia now as the borders have been shut for so long. My local Toyota dealer Brighton Toyota have basically turned their showroom floor into a Landcruiser museum to fill the floor space! I swear at one point they had only one (or extremely few) demonstrator vehicles of the new 300 series. A friend of mine works down the road and he's selling cars off the used lot interstate and even internationally. Cars like Landcruiser Troop Carriers

  • @eat_my_haas4453
    @eat_my_haas4453 2 года назад +5

    There was a 992 GT3 I saw over in Puerto Rico and the mark up was over 300k insane I think they were asking like 499k.

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾

    • @uhhxany5392
      @uhhxany5392 2 года назад

      I live in puerto rico, where at?

    • @eat_my_haas4453
      @eat_my_haas4453 2 года назад

      @@uhhxany5392 In the Cabreras dealer in Hatillo

    • @Troonielicious
      @Troonielicious 2 года назад

      They can eat it

  • @emmanuels.688
    @emmanuels.688 2 года назад +4

    I m happy to be in Europe, even with a 20% vat and carbon tax markup, dealers are not allowed to do that. I remember when the 2017 Civic type R had just been released, I saw a 30k markup from a dealership in soCal. Nuts …

    • @sleempy6343
      @sleempy6343 2 года назад +1

      well ive seen a lambo urus here in europe with 30k kilometers on it for 350k usd so idk about that

  • @foejr94
    @foejr94 2 года назад

    Thanks for the vid effspot

  • @tajsingh9769
    @tajsingh9769 2 года назад

    in Canada its topping $400k on g63 and few dealerships don't even let you finance it, only lease.

  • @MikeClowder
    @MikeClowder 2 года назад +2

    I work at a chevy dealer. We have a 2017 duramax with about 100k on it with a lift kit that's being sold for $80k somehow.

  • @jryalls
    @jryalls 2 года назад +1

    People just need to stop paying these mark ups.

  • @koalaakabear
    @koalaakabear 2 года назад +2

    Damn you silicone chip shortage!!

  • @tas1154
    @tas1154 2 года назад +3

    So I can speak on behalf of the dealership I work for and the dealerships in the surrounding area I work at a Hyundai dealership in Coastal Georgia and we have addendum‘s Appearance and dent protection and tint (total $1757 increase over MSRP) with no additional dealer markup and most dealerships in my surrounding area have no markup other than luxury brands and dodge stores so it hasn’t hit us that bad but inventory is very scarce most lots are running at about 35%-50% Of what they usually have

    • @qofiagya4891
      @qofiagya4891 2 года назад

      𝕊𝕡𝕖𝕔𝕚𝕒𝕝 𝕕𝕒𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝕪𝕠𝕦 ➺ BEAUTYZONE.CAM/Anna
      Anna is a beautiful girl.
      He's the person I love, he's my light
      day. The way the music flows and sounds
      is extravagant and fun. Anna is
      icon, legend, beautiful girl, princess, inspiration,
      a star. I could go on and on, understand this.
      I love NBA Anna.#垃圾