We did the same we put 8-10k in a 1 owner Toyota suv v6 with 81 k miles on definitely some work but way better than an 8-10 year car mortgage that will be in the shop half the time due to recalls, mechanical and electronic and tech issues also.
I take the Bus as my personal choice of commuting I never had a wife and children and I'll never have a Car note ever and I'm perfectly fine with this set up and life is easy peasy for me!
Guess you don't live in the sticks. Five hours to the nearest subway for me, one hour to the nearest bus, all by highway. Course I don't have junkies sleeping on the corner, or gangbangers looking for an easy score.
There are so many issues with the car market. The affordable models are being discontinued to focus on fully loaded options. Piss poor build quality, recalls, over priced, greed, governments hammering down on emissions, too much new tech that is unreliable. And nobody is going to mortgage a vehicle that is like $125 grand that will severely drop in price the moment someone is handed the keys.
As a life long car enthusiast, I'm done with the new car market. New vehicles do not represent what I'm looking for in a vehicle. The second hand market is for me. I want a V8 manual and I've got it.
Excellent explanation and summation of how the car market got to this point. I look forward to hearing your “sitting at the desk” videos. They are by far some of the best car market analysis videos I have heard. Love your work-keep it up, it is much appreciated.
Ley BYD compete, no tarrifs. The big manufacturers only care about the top percentage of wage earners. The average middle-class person just needs affordable transportation. I have no loyalty to any side anymore. They gave me no choice.
To answer your question Mark, why is the car market so bad.......? Its simple, you said it your video, GREED! CORPORATE GREED, GOVERNMENT INFLATION, and pure loonicy has driven the prices into a RIDICULOUS STATE! C.E.O./Executive UNREALISTIC EXPECTATIONS as per their wages, they've LOST TOUCH with the average consumer! Thank you Mark for preparing another great video, take care, cheers!
Crank windows actually cost more than power. That's why all cars have power windows now. I got $2k off sticker on my last car purchase, Mazda CX-30. The main trick being I was at a dealership with a large number of identically configured cars they needed to move. I got my choice of color as well.
I tell ya, stealerships have traumatized the consumers. It's finally catching up with them. And yes there still stupid buyers willing to pay the greedy price markups.
Boss to employees ~ If you work really hard, put in that extra effort and take on more responsibility without looking for a raise, next year I’ll be able to afford another vacation property in cottage country.
Sign of the times: Aston Martin and certain Lamborghini dealers have been recently allowing for 144 month financing terms. The first time I heard of it was back in '21. I can't imagine being on the hook for a car for 12 years.
Makes you wonder next time you see someone in a Lamborghini if they are really rich or just in debt. I feel like most exotic cars are mortgaged like this, or are a shady “company vehicle” for some shady ”business owner”.
I keep reading all over the internet advice not to buy a car in 2024. It is all a mess - used or new. Only when manufacturers drop their new car prices will anything really change. Until then its all chaos.
And people ridicule me for holding on to my 11 K24 Accord coupe since new and having tons of fun in my 12 CT200h bought off a friend for below $4000 USD in 2020. They don't cost much to own and drive reasonably well anyway.
The big misunderstanding about EVs is about the driving culture. In the big cities of China, ppl walk, and they drive sometimes. Cars are complementary. They don’t put on that many miles per year. In the USA, you need better ICE tech and that’s why hybrids do so well. Cars that if maintained can go on for a long time, and no large costs down the road like battery replacement costs
After vehicles go $20k over what they are worth, they are generous enough to drop half a point...WOW THAT'S AWFULLY GENEROUS AND POLITE (this is my sarcasm day)
Going up especially on used as Inventory will be short, and new will likely edge up as many will be out shopping TJ his creating that stronger demand, and watch as insurance rates creep up again too
Tried to buy vehicles since December 2023. Won’t overpay or be oversold on unnecessary technology. Expect to buy December 2025 maybe. My Jeep is 2021 and have continually fighting warranty denial and gaslighting for start-stop malfunction. Stellantis is pathetic. I’m one who will not tolerate the new normal. Dealership get a big reality check from me- I won’t give a testicle for vehicle. We all should refuse. I have excellent credit and plenty of time…
I've said it before and I'll say it again, people need to learn the difference between needs and wants
Not in America. We are the leaders of consumerism.
Put 10k in my nineteen year old vehicle, until dealerships and manufacturers stop with their greedy policies I’m done with them both ….
We did the same we put 8-10k in a 1 owner Toyota suv v6 with 81 k miles on definitely some work but way better than an 8-10 year car mortgage that will be in the shop half the time due to recalls, mechanical and electronic and tech issues also.
I don't blame you for that, I feel the same way
I take the Bus as my personal choice of commuting I never had a wife and children and I'll never have a Car note ever and I'm perfectly fine with this set up and life is easy peasy for me!
Guess you don't live in the sticks. Five hours to the nearest subway for me, one hour to the nearest bus, all by highway. Course I don't have junkies sleeping on the corner, or gangbangers looking for an easy score.
Anyone who paid over msrp for a vehicle is a muppet. Msrp is already over priced
Excellent insight presentation ___
Glad it was helpful!
There are so many issues with the car market. The affordable models are being discontinued to focus on fully loaded options. Piss poor build quality, recalls, over priced, greed, governments hammering down on emissions, too much new tech that is unreliable. And nobody is going to mortgage a vehicle that is like $125 grand that will severely drop in price the moment someone is handed the keys.
As a life long car enthusiast, I'm done with the new car market.
New vehicles do not represent what I'm looking for in a vehicle.
The second hand market is for me.
I want a V8 manual and I've got it.
There's some really good finds in the second hand market. And some rare good vehicles
Very good overall market analysis over the past 4 years. Thanks.
You are welcome
Excellent explanation and summation of how the car market got to this point. I look forward to hearing your “sitting at the desk” videos. They are by far some of the best car market analysis videos I have heard. Love your work-keep it up, it is much appreciated.
Ley BYD compete, no tarrifs. The big manufacturers only care about the top percentage of wage earners. The average middle-class person just needs affordable transportation. I have no loyalty to any side anymore. They gave me no choice.
That's nuts
great show ! love it
The more high technology, the more problems you will eventually have after warranty is over
Generally, yes. Not always. But generally
To answer your question Mark, why is the car market so bad.......? Its simple, you said it your video, GREED! CORPORATE GREED, GOVERNMENT INFLATION, and pure loonicy has driven the prices into a RIDICULOUS STATE! C.E.O./Executive UNREALISTIC EXPECTATIONS as per their wages, they've LOST TOUCH with the average consumer! Thank you Mark for preparing another great video, take care, cheers!
The cars are too expensive.
Way too much and not worth it
Crank windows actually cost more than power. That's why all cars have power windows now. I got $2k off sticker on my last car purchase, Mazda CX-30. The main trick being I was at a dealership with a large number of identically configured cars they needed to move. I got my choice of color as well.
I tell ya, stealerships have traumatized the consumers. It's finally catching up with them. And yes there still stupid buyers willing to pay the greedy price markups.
I am keeping my 2005 Ford Escape I do my own maintenace - not going to screw myself into debt. I remember when car loans were a maximum 36 months.
Boss to employees ~ If you work really hard, put in that extra effort and take on more responsibility without looking for a raise, next year I’ll be able to afford another vacation property in cottage country.
Sign of the times: Aston Martin and certain Lamborghini dealers have been recently allowing for 144 month financing terms. The first time I heard of it was back in '21. I can't imagine being on the hook for a car for 12 years.
Makes you wonder next time you see someone in a Lamborghini if they are really rich or just in debt. I feel like most exotic cars are mortgaged like this, or are a shady “company vehicle” for some shady ”business owner”.
I keep reading all over the internet advice not to buy a car in 2024. It is all a mess - used or new. Only when manufacturers drop their new car prices will anything really change. Until then its all chaos.
It's a very small market for $100K cars...
But the dealers are pushing them onto people who can't afford them.
And people ridicule me for holding on to my 11 K24 Accord coupe since new and having tons of fun in my 12 CT200h bought off a friend for below $4000 USD in 2020. They don't cost much to own and drive reasonably well anyway.
Dealer ~ The price is sticker plus market adjustment fee…..
Me to Dealer ~ Go pound sand, I’m out!
Agreed….same
If only everyone does the same prices won't go sky hi6
The big misunderstanding about EVs is about the driving culture. In the big cities of China, ppl walk, and they drive sometimes. Cars are complementary.
They don’t put on that many miles per year.
In the USA, you need better ICE tech and that’s why hybrids do so well. Cars that if maintained can go on for a long time, and no large costs down the road like battery replacement costs
After vehicles go $20k over what they are worth, they are generous enough to drop half a point...WOW THAT'S AWFULLY GENEROUS AND POLITE (this is my sarcasm day)
Buy used, drive it for 20+ years, repeat.
Same
Buy consumables just in case
What if BYD opened a plant in the USA or Canada?
With Trudeau the plant would bring over their own employees from China and the Liberal Gov't will give them millions in subsidys
It stay empty
What impact will these hurricanes have on cars prices?
Going up especially on used as Inventory will be short, and new will likely edge up as many will be out shopping TJ his creating that stronger demand, and watch as insurance rates creep up again too
Tried to buy vehicles since December 2023. Won’t overpay or be oversold on unnecessary technology. Expect to buy December 2025 maybe. My Jeep is 2021 and have continually fighting warranty denial and gaslighting for start-stop malfunction. Stellantis is pathetic. I’m one who will not tolerate the new normal. Dealership get a big reality check from me- I won’t give a testicle for vehicle. We all should refuse. I have excellent credit and plenty of time…
The VA group is struggling 😪 😫, oh no..😂😂😂😂
Damn
Anyone who pays over MSRP has more dollars 💸 than sense
Chicken tax?????this isn't a farmers market, it's a vehicle market
Learn the history