Let’s be honest, the dealership’s never regretted the mark-ups. They look back fondly at sticking it to the customer and would do it again in a heartbeat.
All those people that purchased vehicles with markups are still underwater. I needed to purchase a vehicle during the pandemic and luckily found an MSRP dealer, and refuse to do business with the dealers that wanted a markup.
Some are still trying, look at the Tacoma Trailhunter or TRD Pro...dealers near me are still trying to sell them with markup....kinda a joke. The time for ADM is gone, no reason to pay over msrp if not try and get deals under.
Take a look at the premium Jeep Grand Wagoneer L. Its MSRP is $113,435. The GMC Yukon XL has an MSRP of $104,245. Like the Expedition. The prices are dictated by the number of options. Order one of these vehicles with less options. The MSRP drops by thousands. Actually the Expedition is a bargain compared to the other premium full size SUVs available. I'm guessing you're not a person that needs a large 3 roll family SUV. So why be concerned about the price. I am looking to order a highly equipped 2025 400 horsepower Ford Explorer ST that after a $5000 discount brings my price under $55,000. If you don't need an SUV. You can purchase a New Super Crew Ford Maverick XLT pickup for around $33,000. Stop drinking the Kool-Aid and take the time to shop vehicles for yourself.
they were more or less forced to raise prices on ICE vehicles to pay for the $50-80,000 loss on every EV thanks to the EV mandate it is expected that the EV mandate will be eliminated, same w/ the EV tax credits
It's not only that but at the dealership you KNOW they are in the business to make money, and all the while you know that YOU are the one they are setting up to make it from. Its bad enough to get ripped off, but knowing you are going to get ripped off before it even happens takes it to another level. Heaven forbid you have to lease, you are suckered into paying the banks best friend - Insurance companies- making a fortune off you as well with mandatory full collision insurance.
I got excellent credit, $30k cash, and a 2016 low mileage Tacoma Off-Road as a trade. I have been trying to buy a new vehicle for over a year now. Just because I have the means and the desire to grab a new truck, I won't pay these insane prices.
I checked around myself, paying for it isn't the issue. But exactly what you said, straight up just do not want to pay that much money for what these dealers / manufactures want.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
The whole ancient dealership business model needs to go into the garbage. They should have it so one can buy directly from the factory and they could have "delivery/warranty/service" centers that are wholly owned by the factory.......cut out the middle man, the stupid sales games, the add-on stickers, the bloated prices, and the rest of the dealership stupidity.
Careful what you wish for. The manufacturer or factory will just inflate the price of the vehicle as high as the car dealership. The factory will make even more profit than the dealerships. This will be the result as corporations just want to extract as much money as possible for the shareholders. This is what nobody is talking about.
The dealer franchise laws which have been around for decades would first need to be changed. The dealers love the present laws, and they lobby the politicians to keep the laws in place, the way they presently operate. So, no changes will take place any time soon.
Yeah I agree and we should be doing the same with our healthcare. Car dealerships and private healthcare insurance companies jack up the prices which screw the consumer/us! Need to get rid of the middle man
wait to buy a car, wait to buy a car, wait to buy a car. Let's screw these dealerships the way they screwed us around the pandemic with markups they def deserve it!!! Thank you for the video.
Absolutely and the idiots who bought them learned a very hard lesson hopefully they can financially recover 😂 keeping up with the jones isn’t worth my financial future.
Mark my words. Greedy car dealerships will go bankrupt in the next 10 years and the Tesla style dealerships will move in. Can’t wait. Nobody should pay 98k for a ford expedition that will be 20k in 5 years
@@brokeduece1691For now, the only thing stopping the government is lobbyists. Lobbyists won’t have the same leverage they do now. These Millennials and Gen Z buyers will put a stop to dealers.
What gets under my skin is the prices FORD IS demanding for the trash a$$ drivetrains in these vehicles & cheaper interior materials. CLOTH SEATS @$60,000-$ 70,000 plus. NO THANK YOU‼️
Right now sitting in my garage is a 1999 Tacoma SR5 with 132,000 miles from Georgia. Never seen salt or snow. All factory, new tires, rims, floor covering, shocks no rust. I picked it up for $2,500. Runs like new. I would not trade it for one of these new trucks ! I can actually work on this one ! WINNING 👍
Still driving my 45,000 mile 2017 F150. Keeping miles low, no wasted driving. I refuse to pay these ridiculous high prices. Wife still driving her 65,000 2018 Lincoln MKZ, keeping miles low.
The problem with car manufacturers nowadays is that they're concentrating on "gimmicks" and exterior looks instead of concentrating on the reliability of the drivetrain, engine, electrical. When they wake up and figure this out, they'll become a successful car company.
UT: I'm in my 6th decade on this planet. As a sm self-directed investor the entire time I learned two things you don't invest in. 1. Auto manufacturers and 2. Banks. Both can be read like a book and neither can be trusted to deliver to their investors. Auto companies only care about executive bonuses and keeping enough qualified and happy assembly workers on in boom yrs and layoffs during bust years. Since the 80's auto mfgs have had their hands out to tax payers in those bust years. These mfgs take credits from the gov't to build EV's and pass the EV production losses onto gas and gas/hybrid buyers - why do you think we've see double digit MSRP increases? Regarding Toyota, they don't seem to care about buyers at all, which was always there "go to" charm to niche buyers, NO MORE. Toyota is no different than GM, Ford or Stellantis.
I buy what I can afford with cash, no repayments, I might not have the latest car, the flashiest car but it’s all mine, and I’m a retired (early) car salesman here in the U.K. 👍🏻🇬🇧
I agree, if you go to a manufacturer website and then check the msrp on a vehicle, it doesn't match. At this point if a deals hip ignored my questions and gives me information I didn't ask for they can suck it.
It''s not primarily an oversupply problem. Auto manufacturers constantly track sales and adjust production to keep demand just beyond supply. The artificially low interest rates of the last few years fueled buyer demand, which elevated prices. But now, with interest rates and prices sky high, demand has dwindled. The housing market is facing the same bubble.
OMG son, this is a 5 minute (max) video stretched out to over 15 minutes by repeating yourself 2-3x. Young people are living above their means. It’s high time reality sink in and they start driving what they can afford. Good for the banks cracking down on the deadbeats.
I have a question, did prices come down on the cars that where built in Mexico with cheap labor paid? All it did was give the auto makers building cars in Mexico more profit for them not lower prices for Us. I think Toyota and other brands even raised thier prices more so thats fine they can charge them tarrifs they will just have to lower thier prices and make less money and that goes for tarrifs on China products and its our choice to buy them or not.
i live in new york city. went to bmw of nyc to buy a used 2022 330i with 7000 miles. kbb said certified by dealer price is 30k, dealership wamnted 36k. i asked why. they said kbb has fake pricing data. our price is based on manheim auctyions. isaid i will absolutely NOT overpay by 6 thousand dollars and walked out. dealers are NOT reducing prices, not even on used cars especially bmw cars which fail right after 3 years when they go out of warranty, and become pure junk/trash/headaches
There are companies that haven't been so greedy and they're still selling cars. Mazda and Subaru both have multiple well built and reasonably priced vehicles. Consequently both are ahead of last year and have set sales records for several models.
It's not so much the prices as the fact you just can't use the EV in a cold Canadian winter like you can your good ol gasser. Who wants to pay 50K for something that you know is going to end up being a hassle until its adopted by the masses, just wait till they add an additional TAX to charge it when government realizes they cant turn back to combustion engines. As for the Bronco's.. seen countless videos of dismal poor performance when it comes to offroad use with all but the $130k raptor model.
In 2014 I bought a 2012 Ford Focus Hatchback with a manual transmission (no automatic transmission issues) for $8,400 off of the original sticker price of $22,400. It only had 16,000 miles on it, which is what I drive in 1 year. Now, it's been paid off since 2019, has not had 1 major issue, just regular maintenance items, and it has 175,000 miles on it and still runs like new. I'm 60 years old and this will be the last car I own. Today's cars are just data collection devices that violate your privacy and makes more money for the car company. I don't need a vehicle with a coffee maker, a well drilling attachment, or satellite tracking software, I just need a reliable vehicle. My co-worker has the same kind of Focus but his is a 2014 model. He has 334,000 miles on his, original engine, and still runs like new. Granted, we are both "car guys" and have taken care of our cars ourselves, so oil changes happened on time. I am happy to get a thousand or two dollars worth of bodywork (I live in the rustbelt) and not have to get a new car payment of a thousand dollars every month. I love this little car, gas mileage is great between 34 - 40 MPG depending on time of year. What incentive could I possibly have for replacing it?
@@tectoronto2598 - A rust free, 12 year old car with 175,000 miles in NE Ohio is as common as unicorns when they have spent their entire time here. Rock chips around wheel wells, kicked-up random stones on the highway hitting the hood or roof, and other incidentals that break the paint down to the metal will cause rust over time, no matter how much protection the bottom of the car has. Right now my car may need about $600 - $700 in rust repair, but the entire hatch will need to be repainted as the paint right below the rear window is defective and peeling off, or it might just be the car being outside in the elements its entire life. That is going to be about another $700. Whatever the total cost ends up being.....I will still be way ahead over the cost of buying another car.
its a bit upside-down here in B.C Canada as well. Lightly used 2023 Tacomas with 20k km going for 5k more than new! and the gen 4 prices are just silly.
Idk what it's like in BC but alberta has some cheap ass dodge trucks right now. I don't really want dodge but can get 23s with 10k for under 40k... it's damn tempting
Yeah, One month “I just bought the last great Tundra with hardly any miles”. A few months later “I just bought the last greatest 4 Runner”. Next month “why I am selling my new Toyota trucks”. It is funny. He has his reasons and it’s his own personal business. Just don’t show up with “why I bought a Nissan Frontier”.
They're gonna have to drop all these prices down to $35,000 or they won't sell....I've done math that actually suggests they'll go down to $17,000. People financed $62,500 for a $50,000 car. And now the price crashes.... 💀
Scotty Kilmer looks completely different. He must have had plastic surgery, but he can't fool us. I knew it was him from the video image: A sober face, pointing to something, and an urgent sounding title.
Very good video. I went to buy a lease return and discount was basically horrible after they told me 10% interest rate I was no way . The offer was simply stupid. The prices of all new cars are heavily inflated and with high interest rates they will simply not sell.
New from a local San Diego dealership, I paid $45k for my F150 Lariat with 5.0 V8, FX4, Technology and Sport package (negotiated a $10k discount). I cannot bring myself to paying $75-$80k for its replacement. Ford has treated me like crap during the time I’ve owned it so it’s good to see them hurting right now.
Referring to Ford in particular, not only did they over-produce cars and trucks they can't sell, they made their customers wait for many months between the deposit and the delivery when these same cars and trucks were first released. Then, on top of that, these same customers were given a vehicle loaded with problems. Why Farley still has a job there is beyond me.
I assume you're in the mid-west? It blows my mind the amount of inventory I see out there! Here, in SE Massachusetts, we do not have this many vehicles on lots at all. I was at my local Ford and Toyota dealerships the other day and there were barely any new vehicles at either.
OK. Video sheds light on Ford dealer near me having stopped advertising "price". Rather, dealer is advertising LEASE agreements. Some of those $95K Ford Expeditions have cardboard "shield plates" beneath them.
You are right, the dealers shot themselves in the foot by abusing customers, one of the worst that abused the most was toyota, I don't know what they were thinking with all this.
Saw an add in central BC dealer, Lightning, marked 118,000, 30,000 off, already 2 yrs on lot. Absolutely stupid. Could these manufacturing companies not read the room any better? WOW
I own a 2010 Chevy Silverado that I bought new for $23k. Fast forward to 2023... I was killing time so I wandered around a local Chevy dealer looking to see what the replacement cost of my truck would be. Apples to apples comparisons are impossible because every truck comes with a bunch of gadgets as standard equipment now, but the closest spec'd truck I could find was $54K. More than twice the price in 13 years. So I googled truck prices for the past 50 years. Inflation on truck prices has averaged 1.58% per year since 1983, but in 2021 and 2022, it jumped 6.09% and 10.83% respectively. This means that a $25k truck in '83 should cost $47k today. But a truck that cost $25k in '83 would have been the most lavishly appointed truck money could buy... a very expensive truck at that time. Considering that the most expensive trucks today cost over $100k, it's easy to see that inflation isn't to blame. The manufacturers are boasting multi-billion dollar profits, executives getting huge bonuses, all while manufacturing has been streamlined and materials have gotten so bad that everything breaks if you drive the vehicle as intended. The whole thing sucks.
There are no Federal laws or mandates for EVs. NO mandates or laws exist for the purchase of EVs. Local governments are free to choose what they want, and some have chosen to try out EVs for their fleets. It's like saying that the government killed the market for rotary dial desk phones or the Blackberry with a mandate for smartphones. EVs are not going away, just as the billions of smartphones and tablet computers on Earth aren't going away. Get it?
@dvader3263 I dare you to Google "electric vehicle push" and read the overview of everything the government has passed. It's quite the wake up call on how car manufacturers are being influenced to push EV's. I'll be nice and assume you just didn't know how far they are going. You don't need laws or mandates when you can leverage the EPA.
These dealers have done it to themselves. I have owned many new Fords since 1995. I take care of them, pay them off, and trade them in before 100k miles. But every time I go to a dealership they try to sell me the most expensive damn truck they can - and cant seem to understand what NO means. If Ford would go back to making SIMPLE trucks, with MANUAL TRANSMISSIONS, that would get good mileage and be affordable, they wouldn't be in this predicament. Maybe they should listen to their truck owners for a change.
I am shocked… cars at a car dealership. If I had a dollar for every this is the end video I could afford a used car. I will believe it when the prices collapse back to closer to pre pandemic you know folks are no longer cashing government checks and prices need to reflect that
It’s crazy, yesterday I was looking to purchase a truck, got approved for a 2025 F150 STX (4x4) and they came back to me with a monthly payment of $1149. I walked out 😂 I’m just gonna wait it out a bit
In 2010 I paid 90k for my house that due to inflation is now worth 300k if I paid 90k for a car ,in 14 years it would be worth about 10k if I took care of it. What to do ,what to do?
It is not so much a supply and demand issue as much as a MASSIVELY OVERPRICING issue. What they are asking for new vehicles now, regardless of brand or type, is completely unreasonable.
When the price comes down back to earth like 50 to 60% off maybe people will consider buying again, I see all these very rich dealership owners with their expensive life style and wonder if they are the next new homeless group.
If your the consumer osying new vehicke prices. You are the ine getting ripped off and cintrubuting to the increase in new car prices. We need to make high supply less demand and in return lower prices
Let’s be honest, the dealership’s never regretted the mark-ups. They look back fondly at sticking it to the customer and would do it again in a heartbeat.
💯
Precisely. Dealerships are probably infuriated that they cannot charge high markups for 🗑️ products
All those people that purchased vehicles with markups are still underwater. I needed to purchase a vehicle during the pandemic and luckily found an MSRP dealer, and refuse to do business with the dealers that wanted a markup.
Some are still trying, look at the Tacoma Trailhunter or TRD Pro...dealers near me are still trying to sell them with markup....kinda a joke. The time for ADM is gone, no reason to pay over msrp if not try and get deals under.
They had lower volume. So they had to make it up somewher. Plus everyone eants to pay less than invoice. Ha gotta make jt uo somewhere
Who here is happily driving their old high mileage car, while eating popcorn and watching this slow motion train crash?
I could go spend $1200 on popcorn this month and not feel too bad cause I don’t have $1200 a month in car payments and insurance 🤣🤙
Only downside, it feels like parts for older cars are disappearing. Has anyone else noticed this or is it just me?
@@rabd3721 I wouldn't be surprised if TPTB are buying them up to force people into these new pieces of junk.
220k miles on my 04 ☺️
@@rabd3721disappearing and going up in price. My oil filter went from $9.99 to $27.00
$90k for an Expedition is beyond INSANE
*Beyond* insane. They rust and die just as fast as any other car.
Remember FORD stands for Fix Or Repair Daily 😅
Take a look at the premium Jeep Grand Wagoneer L. Its MSRP is $113,435. The GMC Yukon XL has an MSRP of $104,245. Like the Expedition. The prices are dictated by the number of options. Order one of these vehicles with less options. The MSRP drops by thousands. Actually the Expedition is a bargain compared to the other premium full size SUVs available. I'm guessing you're not a person that needs a large 3 roll family SUV. So why be concerned about the price. I am looking to order a highly equipped 2025 400 horsepower Ford Explorer ST that after a $5000 discount brings my price under $55,000. If you don't need an SUV. You can purchase a New Super Crew Ford Maverick XLT pickup for around $33,000. Stop drinking the Kool-Aid and take the time to shop vehicles for yourself.
Ford deserves what they get for raising prices so high.
all of them do !!!!
they were more or less forced to raise prices on ICE vehicles to pay for the $50-80,000 loss on every EV thanks to the EV mandate it is expected that the EV mandate will be eliminated, same w/ the EV tax credits
They are still selling 😂
Ford could care less, they said they are focused on margin per vehicle, not volume
Show me a company that hasn’t raised their prices like crazy…
No one wants to sit at a dealershit for hours trying to buy a vehicle and putting up a bullshit deal !
When I bought my Defender back in July, it took about an hour once we shook hands on the deal.
It's not only that but at the dealership you KNOW they are in the business to make money, and all the while you know that YOU are the one they are setting up to make it from.
Its bad enough to get ripped off, but knowing you are going to get ripped off before it even happens takes it to another level.
Heaven forbid you have to lease, you are suckered into paying the banks best friend - Insurance companies- making a fortune off you as well with mandatory full collision insurance.
Come Back to the USA!🤔
Jack the price up 30-50% and then discount 10%. Noice!
Supply hasn't exceeded demand, prices have exceeded what the majority can afford.
So ppl are pining for EVs and we all just missed it?
Since the pandemic, I feel like I’ve been living in the twilight zone.🤷🏼♂️
That explains why I keep seeing Rod Serling. 😂
This is the best comment here...
I got excellent credit, $30k cash, and a 2016 low mileage Tacoma Off-Road as a trade. I have been trying to buy a new vehicle for over a year now. Just because I have the means and the desire to grab a new truck, I won't pay these insane prices.
I hear that!
You are Smart....Wait and eventually prices will be 50% lower....
I checked around myself, paying for it isn't the issue. But exactly what you said, straight up just do not want to pay that much money for what these dealers / manufactures want.
Same boat. Just paid my
Home off. Starting to save
For a good down payment.
But for what I want, i dont
Wanna pay 70k for a truck.
Look the the honda ridgeline, just picked one up myself and its great value for the price
Who in the hell want to pay $100,000 for a truck? These people are absolutely crazy. It's not even a luxury brand.
Yeah.
At those prices I'll be driving my car til the wheels fall off.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments...
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
“It’s over” been every vehicle channel for 4 years. Doesn’t seem to be over. They all still have billions.
It's cooked books. Soon the house of cars will come crashing down.
I swear ive seen this exact same video 5 times now on different channels.
Yes no shit dude. I'm about ready to start reporting these vids for false advertisement
Yup, been hearing the same old rant since last year and yet I still see brand new vehicles driving around every day.
@@louisschummer931 Where do you think all those hundreds of billions sent to the uk.raine actually go in the end. It's called mon. ey. lau. nde. ring.
The whole ancient dealership business model needs to go into the garbage. They should have it so one can buy directly from the factory and they could have "delivery/warranty/service" centers that are wholly owned by the factory.......cut out the middle man, the stupid sales games, the add-on stickers, the bloated prices, and the rest of the dealership stupidity.
Careful what you wish for. The manufacturer or factory will just inflate the price of the vehicle as high as the car dealership. The factory will make even more profit than the dealerships. This will be the result as corporations just want to extract as much money as possible for the shareholders. This is what nobody is talking about.
The dealer franchise laws which have been around for decades would first need to be changed.
The dealers love the present laws, and they lobby the politicians to keep the laws in place, the way they presently operate.
So, no changes will take place any time soon.
@@Paul-dv8zf Yes and if that extraction doesn’t work they’ll come to the tax payers (read: their customers) and expect a bailout.
Car dealers need to be like a grocery store, or Walmart. People don’t haggle over the price of bananas. 🍌
Yeah I agree and we should be doing the same with our healthcare. Car dealerships and private healthcare insurance companies jack up the prices which screw the consumer/us! Need to get rid of the middle man
Jesus Christ .. blah, blah, blah . .what's the announcement?
Was a nothing burger. Bronco still 100k
Jesus cant afford one either
Vehicles are to expensive. They need to cut 50%off to sell cars and truck.
I don’t know what’s worse the automotive industry or the TH-camrs gaslighting us about it while they make money 😂.
Doom feeds lol
wait to buy a car, wait to buy a car, wait to buy a car.
Let's screw these dealerships the way they screwed us around the pandemic with markups they def deserve it!!!
Thank you for the video.
Exactly Screw these C h * * * z
The dealerships that gouged everyone with markups? Let them all fail.
You didnt have to buy one
Absolutely and the idiots who bought them learned a very hard lesson hopefully they can financially recover 😂 keeping up with the jones isn’t worth my financial future.
Mark my words. Greedy car dealerships will go bankrupt in the next 10 years and the Tesla style dealerships will move in. Can’t wait. Nobody should pay 98k for a ford expedition that will be 20k in 5 years
It will be $20k in about a year and half. Ford products are garbage!
Can't wait
Not going to happen. Car manufacturers by law are not allowed to sell directly to consumers.
@@brokeduece1691For now, the only thing stopping the government is lobbyists. Lobbyists won’t have the same leverage they do now. These Millennials and Gen Z buyers will put a stop to dealers.
You are generous, I will say 20k in 2 years 😂
Dealers be like MSRP 60K and have "huge sale"ticket hanging from the mirror..."$1000 off"😂😂😂
What gets under my skin is the prices FORD IS demanding for the trash a$$ drivetrains in these vehicles & cheaper interior materials. CLOTH SEATS @$60,000-$ 70,000 plus. NO THANK YOU‼️
Trash drivetrains on a 70k ford? Which one is TrAsH?
Right now sitting in my garage is a 1999 Tacoma SR5 with 132,000 miles from Georgia. Never seen salt or snow. All factory, new tires, rims, floor covering, shocks no rust.
I picked it up for $2,500. Runs like new. I would not trade it for one of these new trucks ! I can actually work on this one ! WINNING 👍
I'm surprised it was 2500 ppl ask way more for nice examples like that.
@ just right place right time. And guys wife was sick of it just sitting taking up space.
Still driving my 45,000 mile 2017 F150. Keeping miles low, no wasted driving. I refuse to pay these ridiculous high prices. Wife still driving her 65,000 2018 Lincoln MKZ, keeping miles low.
For those who graduatedin in the early 2000s prices of vehicles have doubled while wages are only up 10-15% over the same period of time
No bailouts for Ford, period
Ford never did take one
@@donmartin7460 They did take a huge loan from the govt but they did pay it back.
I just spent the summer fixing my 2004 Ford expedition and I'll drive it forever. I'm never spending more than 35000 for a new car. Never.
40k for a Maverick. looney tunes.
lol i got the new ranger with the upgraded 2.7 ecoboost twin turbo engine and fx4 package, tow package, tint, and upgraded tires for that price!
@@Brootoolzor Turbo JUNK
@@ColinMcCarter lol what old ass car you drive?
The problem with car manufacturers nowadays is that they're concentrating on "gimmicks" and exterior looks instead of concentrating on the reliability of the drivetrain, engine, electrical. When they wake up and figure this out, they'll become a successful car company.
Finally get rid of the fools in office…tremendous amounts of damage has been done the last 4 years
Amen
Finally someone with a logical answer
Yeah it's actually impressive how much damage they have done to the entire western world.
If they price a base "real" bronco at 20k it'll finally be about where it should be.
UT: I'm in my 6th decade on this planet. As a sm self-directed investor the entire time I learned two things you don't invest in. 1. Auto manufacturers and 2. Banks. Both can be read like a book and neither can be trusted to deliver to their investors. Auto companies only care about executive bonuses and keeping enough qualified and happy assembly workers on in boom yrs and layoffs during bust years. Since the 80's auto mfgs have had their hands out to tax payers in those bust years. These mfgs take credits from the gov't to build EV's and pass the EV production losses onto gas and gas/hybrid buyers - why do you think we've see double digit MSRP increases? Regarding Toyota, they don't seem to care about buyers at all, which was always there "go to" charm to niche buyers, NO MORE. Toyota is no different than GM, Ford or Stellantis.
I buy what I can afford with cash, no repayments, I might not have the latest car, the flashiest car but it’s all mine, and I’m a retired (early) car salesman here in the U.K. 👍🏻🇬🇧
Who told Ford they could get $65K for a Bronco?? That’s just stupid, they have no one to blame but themselves.
these manufacturers pulled these "make believe" MSRP's out of their arses.....let the inventory pile up on dealership lots. The dominoes will fall
I agree, if you go to a manufacturer website and then check the msrp on a vehicle, it doesn't match. At this point if a deals hip ignored my questions and gives me information I didn't ask for they can suck it.
Dealers are still above pre pandemic profits
Every day, I need to watch an "It's All Over" or "shock the whole world" video!
“You’re stupid if you don’t buy a new Toyota”. 2 days later… “You’re stupid if you buy a new Toyota”
I wouldn't buy no matter where it's built. Over pricing, unfixable, data stealing making the vehicles pieces of garbage and undesirable
It''s not primarily an oversupply problem. Auto manufacturers constantly track sales and adjust production to keep demand just beyond supply. The artificially low interest rates of the last few years fueled buyer demand, which elevated prices. But now, with interest rates and prices sky high, demand has dwindled. The housing market is facing the same bubble.
OMG son, this is a 5 minute (max) video stretched out to over 15 minutes by repeating yourself 2-3x.
Young people are living above their means. It’s high time reality sink in and they start driving what they can afford. Good for the banks cracking down on the deadbeats.
I have a question, did prices come down on the cars that where built in Mexico with cheap labor paid? All it did was give the auto makers building cars in Mexico more profit for them not lower prices for Us. I think Toyota and other brands even raised thier prices more so thats fine they can charge them tarrifs they will just have to lower thier prices and make less money and that goes for tarrifs on China products and its our choice to buy them or not.
The savings incurred from offshoring is almost never passed onto the consumer.
Dealerships are privately owned. Price gouging and high interest rates are killiing the car industry.
When your CAR payment is more than your HOUSE payment
Things have gone seriously wrong
i live in new york city. went to bmw of nyc to buy a used 2022 330i with 7000 miles. kbb said certified by dealer price is 30k, dealership wamnted 36k. i asked why. they said kbb has fake pricing data. our price is based on manheim auctyions. isaid i will absolutely NOT overpay by 6 thousand dollars and walked out. dealers are NOT reducing prices, not even on used cars especially bmw cars which fail right after 3 years when they go out of warranty, and become pure junk/trash/headaches
There are companies that haven't been so greedy and they're still selling cars. Mazda and Subaru both have multiple well built and reasonably priced vehicles. Consequently both are ahead of last year and have set sales records for several models.
It's not so much the prices as the fact you just can't use the EV in a cold Canadian winter like you can your good ol gasser.
Who wants to pay 50K for something that you know is going to end up being a hassle until its adopted by the masses, just wait till they add an additional TAX to charge it when government realizes they cant turn back to combustion engines.
As for the Bronco's.. seen countless videos of dismal poor performance when it comes to offroad use with all but the $130k raptor model.
In 2014 I bought a 2012 Ford Focus Hatchback with a manual transmission (no automatic transmission issues) for $8,400 off of the original sticker price of $22,400. It only had 16,000 miles on it, which is what I drive in 1 year. Now, it's been paid off since 2019, has not had 1 major issue, just regular maintenance items, and it has 175,000 miles on it and still runs like new. I'm 60 years old and this will be the last car I own. Today's cars are just data collection devices that violate your privacy and makes more money for the car company. I don't need a vehicle with a coffee maker, a well drilling attachment, or satellite tracking software, I just need a reliable vehicle.
My co-worker has the same kind of Focus but his is a 2014 model. He has 334,000 miles on his, original engine, and still runs like new. Granted, we are both "car guys" and have taken care of our cars ourselves, so oil changes happened on time.
I am happy to get a thousand or two dollars worth of bodywork (I live in the rustbelt) and not have to get a new car payment of a thousand dollars every month. I love this little car, gas mileage is great between 34 - 40 MPG depending on time of year. What incentive could I possibly have for replacing it?
if you live in rustbelt you should’ve rust proofed aka "oil sprayed" your vehicle and that would have saved you 2000 in bodywork
@@tectoronto2598 - A rust free, 12 year old car with 175,000 miles in NE Ohio is as common as unicorns when they have spent their entire time here. Rock chips around wheel wells, kicked-up random stones on the highway hitting the hood or roof, and other incidentals that break the paint down to the metal will cause rust over time, no matter how much protection the bottom of the car has.
Right now my car may need about $600 - $700 in rust repair, but the entire hatch will need to be repainted as the paint right below the rear window is defective and peeling off, or it might just be the car being outside in the elements its entire life. That is going to be about another $700. Whatever the total cost ends up being.....I will still be way ahead over the cost of buying another car.
95k for an expedition? I’m going to be honest, who needs a vehicle that big?
Yes, everyone should purchase the vehicle that U think is best for them.
If you have a wife and 3 kids. Your wife will force you out off buying a truck, and will force you to get 3 row suv lmao.
Hey, it's the American way... Almost nobody needs it, but almost everyone thinks they need it...
@@neilbaquiran643 Only if she wears the pants in the house...
It is called choice. I want a Toyota Sequoia but the new hybrid versions with a smaller IC engine are unacceptable.
Thank you for taking the time to do this. You are educating the public.
Thanks for the support man, really appreciate that! 🙏
There is a $1000 incentive if you buy 2 expeditions at the same time.....LOL
Great video and all true its the same thing up hear in Canada 🇨🇦 👍
The best thing they got going for ford is the single cab v8’s 💪🏻
its a bit upside-down here in B.C Canada as well. Lightly used 2023 Tacomas with 20k km going for 5k more than new! and the gen 4 prices are just silly.
Idk what it's like in BC but alberta has some cheap ass dodge trucks right now. I don't really want dodge but can get 23s with 10k for under 40k... it's damn tempting
Any YT headline that includes “shocks” and “industry” automatically gets a downvote
We don’t care anymore let them go out of business.
Tells us a guy that buys new vehicle every month and probably never struggled to pay a single bill
Yeah, One month “I just bought the last great Tundra with hardly any miles”. A few months later “I just bought the last greatest 4 Runner”. Next month “why I am selling my new Toyota trucks”. It is funny. He has his reasons and it’s his own personal business. Just don’t show up with “why I bought a Nissan Frontier”.
They're gonna have to drop all these prices down to $35,000 or they won't sell....I've done math that actually suggests they'll go down to $17,000.
People financed $62,500 for a $50,000 car. And now the price crashes.... 💀
Scotty Kilmer looks completely different. He must have had plastic surgery, but he can't fool us. I knew it was him from the video image: A sober face, pointing to something, and an urgent sounding title.
Very good video. I went to buy a lease return and discount was basically horrible after they told me 10% interest rate I was no way . The offer was simply stupid. The prices of all new cars are heavily inflated and with high interest rates they will simply not sell.
All automakers should be ashamed of themselves for the prices they’re asking for vehicles!
Insurance isn't making it easier to buy a new car.
New from a local San Diego dealership, I paid $45k for my F150 Lariat with 5.0 V8, FX4, Technology and Sport package (negotiated a $10k discount). I cannot bring myself to paying $75-$80k for its replacement. Ford has treated me like crap during the time I’ve owned it so it’s good to see them hurting right now.
well done video. keep up the good work.
You got it wrong, supply doesn’t outweigh demand, manufacturers decided higher prices over production.
Referring to Ford in particular, not only did they over-produce cars and trucks they can't sell, they made their customers wait for many months between the deposit and the delivery when these same cars and trucks were first released. Then, on top of that, these same customers were given a vehicle loaded with problems. Why Farley still has a job there is beyond me.
Imagine having the world's best selling work van and just tossing it away. The Transit EV has a 100 mile range unloaded.
I assume you're in the mid-west? It blows my mind the amount of inventory I see out there! Here, in SE Massachusetts, we do not have this many vehicles on lots at all. I was at my local Ford and Toyota dealerships the other day and there were barely any new vehicles at either.
When I can buy a sienna under invoice price?
OK. Video sheds light on Ford dealer near me having stopped advertising "price". Rather, dealer is advertising LEASE agreements.
Some of those $95K Ford Expeditions have cardboard "shield plates" beneath them.
Dang - they better start adjusting prices.
You are right, the dealers shot themselves in the foot by abusing customers, one of the worst that abused the most was toyota, I don't know what they were thinking with all this.
Saw an add in central BC dealer, Lightning, marked 118,000, 30,000 off, already 2 yrs on lot. Absolutely stupid. Could these manufacturing companies not read the room any better? WOW
Most dealerships get floor plan cost assistance and don't spend that much.
Shhhhhhhhh its easier to rage bait people without the facts
These dealerships that moved to Mexico will have to move back to America! Make car quality great again! Make Toyota V6 and V8 again!
I own a 2010 Chevy Silverado that I bought new for $23k. Fast forward to 2023... I was killing time so I wandered around a local Chevy dealer looking to see what the replacement cost of my truck would be. Apples to apples comparisons are impossible because every truck comes with a bunch of gadgets as standard equipment now, but the closest spec'd truck I could find was $54K. More than twice the price in 13 years. So I googled truck prices for the past 50 years. Inflation on truck prices has averaged 1.58% per year since 1983, but in 2021 and 2022, it jumped 6.09% and 10.83% respectively. This means that a $25k truck in '83 should cost $47k today. But a truck that cost $25k in '83 would have been the most lavishly appointed truck money could buy... a very expensive truck at that time. Considering that the most expensive trucks today cost over $100k, it's easy to see that inflation isn't to blame. The manufacturers are boasting multi-billion dollar profits, executives getting huge bonuses, all while manufacturing has been streamlined and materials have gotten so bad that everything breaks if you drive the vehicle as intended. The whole thing sucks.
Awesome video my man!
I’m 60 years old, upper-middle class. I’ve owned or leased a lot of cars. I’m kinda stuck on Toyota for life. I’ve heard Honda is good, too.
Not the 1.5 turbo with head gasket issues
Toyota quality is in the shitter now. They are almost no different than Ford, GM, ect...
Finally someone who understands that tariffs are essentially a tax, that the consumer is going to have to pay.
It’s not that supply has outpaced demand, it’s that no one is willing to pay these high prices including commercial customers
The government is also killing the market. The push for ev vehicles so in return manufacturers can still make vehicles people want.
There are no Federal laws or mandates for EVs. NO mandates or laws exist for the purchase of EVs.
Local governments are free to choose what they want, and some have chosen to try out EVs for their fleets.
It's like saying that the government killed the market for rotary dial desk phones or the Blackberry with a mandate for smartphones.
EVs are not going away, just as the billions of smartphones and tablet computers on Earth aren't going away.
Get it?
@dvader3263 I dare you to Google "electric vehicle push" and read the overview of everything the government has passed. It's quite the wake up call on how car manufacturers are being influenced to push EV's. I'll be nice and assume you just didn't know how far they are going. You don't need laws or mandates when you can leverage the EPA.
These dealers have done it to themselves. I have owned many new Fords since 1995. I take care of them, pay them off, and trade them in before 100k miles. But every time I go to a dealership they try to sell me the most expensive damn truck they can - and cant seem to understand what NO means. If Ford would go back to making SIMPLE trucks, with MANUAL TRANSMISSIONS, that would get good mileage and be affordable, they wouldn't be in this predicament. Maybe they should listen to their truck owners for a change.
I am shocked… cars at a car dealership. If I had a dollar for every this is the end video I could afford a used car. I will believe it when the prices collapse back to closer to pre pandemic you know folks are no longer cashing government checks and prices need to reflect that
Planned obsolescence. That’s while I’ll never buy another ford newer than 2005 or so
Saying no to the inflated prices. Keeping my current super duty for another 100k miles
Excellent intelligent market analysis
It’s crazy, yesterday I was looking to purchase a truck, got approved for a 2025 F150 STX (4x4) and they came back to me with a monthly payment of $1149. I walked out 😂 I’m just gonna wait it out a bit
Yeah I hate that car payments over $1000+ have been normalized… ridiculous
Ive owned several Fords.....everyone a nightmare.
I cannot believe they didn't destroy themselves years ag
In 2010 I paid 90k for my house that due to inflation is now worth 300k if I paid 90k for a car ,in 14 years it would be worth about 10k if I took care of it. What to do ,what to do?
Couldn't happen to a more deserving company----Corporate greed back in their faces !!!!
Can’t say I feel for them either 👌
You have a very good delivery and smart.
It is not so much a supply and demand issue as much as a MASSIVELY OVERPRICING issue. What they are asking for new vehicles now, regardless of brand or type, is completely unreasonable.
When the price comes down back to earth like 50 to 60% off maybe people will consider buying again, I see all these very rich dealership owners with their expensive life style and wonder if they are the next new homeless group.
If your the consumer osying new vehicke prices. You are the ine getting ripped off and cintrubuting to the increase in new car prices. We need to make high supply less demand and in return lower prices
Yes
A Mustang GT Premium was 33K in 2018
It was 10K CHEAPER than my Focus RS
Now a basic GT Coupe is 44K
Those people that paid 30k over MSRP a few years ago lost their asses.
What happens to all the vehicles they have that leftover from the pink the 2020s and 2021 is 2022 20/23 please answer my question if you can
I love ford but they deserve this. Prices are out of control. They need a reality check
Greed will bury the dealerships.
I remember back in 2015 a brand new mustang 5.0 36k
Does NAFTA not exist anymore? Did I miss something?