@@JoshuaHults the thing is it does not cost that much to produce when you’re mass producing. It’s all corporate greed. They’re selling car at 4x the value. And dumb ppl continue to purchase. 🤦🏾♂️
Remember looking at Jeeps for under ten grand. You should have seen what you could buy a Jeep for in the 1960's. Of course, price is relative to salaries at the time, but they sold for much less than a car even though they were four- wheel drive.
@@scrambler69-xk3kv well they are simple, literally boxes on wheels. They messed up, that car had serious potential to sell better than a Ford 150 if they had concentrated on manufacturing efficiency. I remember look at one 3 years ago, i went into it completely blind, I went to lot thinking 25,000 for mid version and maybe 30-32 for their top range... Then my chin hit the ground as i walked around and looked at sticker prices. I never went back after that, they lost a possible lifetime jeep wrangler buyer
No kidding it seems all the domestic auto makers are purposely tanking knowing that they will just get bailed out again. If it comes to it and we need to bail them out, the government just needs to take control of them. If it's too big to fail and we need cars then treat it like a service like the military and the mail.
I agree the national debt is too high. Case point the last rate cut from the Feds didn't work. Bond market and T bills going up. Mortgage rates already going back up. The 35 trillion debt is now self aware. It now has a life of its own. Inflation is about to spike again and there is no stopping that. Our government won't allow the economy to reset so things are about to get ugly. I mean really ugly.
It’s not the corporations, it’s the economy, stupid. If the automobile industry fails, so does America. Shit rolls downhill. Who do you think will be making up the difference in the tax rolls? Only there will be a lot less of us to pay the bills. Think government will make do with less? The government is responsible for killing our auto industry. It started long before the EV mandate but Bidenomics will pound the final nail in the coffins of the automobile industry and the United States of America. Last one out, turn out the lights. Oops, there won’t be any.
@@DefinitelyNotYouThankGod nope I’m a pre-stellantis Ram owner. This has been a self inflicted wound on their part. High prices and the last several years the quality has been very 1976. Like ‘76 duster which I also owned.
@@DefinitelyNotYouThankGodI love the snap decision and wrong again. Wake up, they are no longer a good mfg. and it ain’t gonna get better with Italy in charge.
Same thing happened in the UK 40 years ago , we all turned round and looked at our British made cars and thought " There crap overpriced junk " We all went BMW & Mercedes , even Jap cars but our own cars were awful , US cars going the same way , for 100k you can buy a nice BMW or even a Porsche or cheep Ferrari for 50k or buy a Jeep for 80k ?? Makes no sense ....
Let them go under. Some investment group will buy out their assets and trademarks for dirt cheap and close down most of the infrastructure. After a while they will start producing the most popular vehicles at lower prices with a streamlined company and production employees making a lot less in wages and benefits.
They will bankrupt but somebody will pick up Jeep. Dodge/Chrysler probably won't make it. Jeep always survives. It won't be the first time somebody bails out that brand.
@@raymond_sycamore But there does not have to be a bail out for Jeep. There is a fan base for the brand. It just needs better leadership. As far as what you say most lifted up body on frames are mall crawlers. Its their money. As long was tax payers don't have to subsidize as you say.
GOOD BYE Stellantis !!!!!!!!!!!!!!!! Because of damn corporate GREED many hard working people will lose their jobs, great job Stellantis, how do you executives sleep at night ??? The government SHOULD NOT bail them out !!!!!!
It’s the way it goes. A business is bought out, the new owners sell all the company's assets. The company finds ways to make the product cheaper which makes the quality of the product decline. Then the company goes bankrupt. While giving a 🤷 because they don't know what happened.
When a corporation raises its prices by 50-60% over five years, eventually the chickens come home to roost... sad for the workers who must suffer for corporate greed.
I just can't be sad over this because MY Chrysler died decades ago. The Chrysler I remember was Chrysler Corporation. Not Stellantis, not Cerberus or whatever it was called, DaimerChrysler, or FiatChrysler. I am talking Chrysler Corporation. Plymouth, Dodge, DeSoto, Chrysler, Imperial. Valiant. Dart. Dodge (not Ram) trucks, from pickups through over-the-road. Not rebadged Alfa Toe-Nails. I'm 75. I saw Hudson and Nash go when American Motors came about. AMC gave it a go and had a good run. Studebaker stopped making cars, but went on with their many other businesses; they did not "go out of business". Kaiser/Fraser went. So did Packard. Face it, folks. Companies die, whether from bad management, failure to adapt to the times, or the public loses interest in the product. Look at the ones that DID adapt: when was the last time American Express handled a package? When did Western Union last handle a telegram or offer TWX/Telex service? They pivoted into other businesses and remain successful.
I 1000% culd not agree more ! The quality is absolute garbage ,overly restrictive emissions mandates and extreme greed is running auto makers into the ground. It's completely disconnected from the reality of the average preson
I 1000% totally agree, extreme greed ,overpriced restrictive emissions mandates and the quality of the made today is absolute garbage that is grossly overpriced. O.E.M.S are completely disconnected from the reality of the average person.they all need to go under.
The Big Horn quadcab is about ten grand over what the consumers will bite at and If Stellantis thinks that the average working class person will buy a low end pickup truck for over $40 grand they are nuts.
I’m 52, been buying Ram trucks since I was 17. Get a new one every 4-5 years. This last year was the first time I didn’t, got me a GMC HD. I can’t justify paying $100k for the exact same truck I bought 4 years earlier for $69k. Greed greed greed!
IT IS NOT JUST THE BRUTAL PRICES, SO FAR BEYOND WHAT WORKING FOLKS CAN AFFORD, BUT IT IS ALSO THAT THESE VEHICLES HAVE SO MANY PROBLEMS WITH QUALITY. MONEY GRIEF TO BUY, GRIEF TO KEEP PAYING ON, GRIEF TO KEEP IN REPAIR AND ON THE ROAD.
I couldn't agree more. Today vehicle quality is total garbage ,overly complicated and grossly overpriced. Compounding wit a tapped out consumer and much tighter lending because so many now just can't make the payments anymore.
When covid hit and manufacturing volumes plummeted people that had to buy a car for one reason or another bid up prices. The manufacturers all seemed to decide that that the higher pricing was the new normal. Big mistake.
Retired construction worker here , we had to be competitive when bidding out jobs , if your price was too high then you don't get the work but , if your realistic about what you NEED to make a profit then you stay busy all the time ! Refusing to lower prices on new vehicles realizing it could mean their demise tells me there's something else going on here ! It just makes absolutely no sense to operate a business in such a way ! Even grocery stores are smart enough to be competitive with each other.
I think never! Corporations will not allow them to realize issues with the prices. Corporate Greeeeddddd. Big shots "know better" by sitting in high rises.
They will go out of business before they ever drop prices. Food restaurants do the same thing. Prices go up; business goes down. Out of business and never dropped their prices.
A local dealer near me has NEW 2023 vehicles on the lot. They have ballons tied to the outside rearview mirrors and they are flat and laying on the ground, with expired annual inspection stickers on the windshield. The building was once a Sears store and Sears auto as part of a mall. Someone purchased the building ripped off the front wall and spent what had to have been a fortune remodeling it. They have an ocean of vehicles surrounding it. and commercials are constant on local channels. But when you look at the prices on them, it is no wonder they are not selling. People simply cannot affors them. Combine that with their reliability issues and I don't see them making it.
In NC a dealer is in the process of leaving the group. The agreement in NC says/ said all unsold vehicles would be bought back. They are currently fighting to not buy them back.
I think you’re reaching here, Southern is not closing down! They’re renovating their showroom. They have moved down the street to Greenbrier Dodge in the meantime
The UAW bears some culpability in this mess also. Megalomaniac leader Sean Fein is killing future jobs with his outrageous demands. GM, Ford and Stellantis are no longer cost competitive with Honda, Hyundai, Kia, Toyota, etc. BIG short term wage and benefit gains will shortly translate to the unemployment lines for MOST of the Big 3 carmakers' workers. Another abject FAILURE of the American Labor movement.
My 2016 Jeep Wrangler Sport was $23,500. New ones are $33,500. According to the Afghan vet that sold me the Wrangler, the only difference in models is trim and some axle upgrades. All of of those things, he told me, can be purchased in the parts dept. He actually told me that I could buy wheels and tires on Craigslist from people who trick out their Jeep and sell the old stuff. With that in mind I bought some bigger wheels and tires with only 500 miles on them for a couple hundred buck.
I haven’t even bothered to hit any car lots to “window shop” since Covid started. Given what all the manufacturers are offering and the insane prices, I don’t think I will be walking any lots anytime soon.
Dealerships are closing all over the place. One of the largest in the US has a class action lawsuit they filed against Stellantis over buybacks of $180 million. They can't close until it's completed. Stellantis is also being sued by their own shareholders for tanking the company/brands. They fired the CFO. They have had talks with BYD. They are closing factories in the US. They turned down the great grandson of Chrysler who wanted to buy the brand back. This is all common knowledge in financial circles, and with most of the general public...
CRAZY. I went to their website thinking (silly me) that maybe there would be at least SOME interesting pricing, but I saw no real deals that you don't find at other dealers.
Doesn't shock me. This auto group had a real tough time during the 2008 Great Recession. Wonder what they will be doing with their 2 other CDJR stores in VA...... Thanks for posting up Rev Nation!
That dealer isn't going out of business. They have two other locations in the area and are going to use that to have an even bigger lot, turning this lot into a used car lot. It's very common for dealers to do that, separating their used car lots to make you feel like you are shopping somewhere else when you really aren't.
will these new 2023 vehicles that won’t sell be purchased by auction companies or go back to the manufacturers? cause I know they won’t discount them to what they are worth which is 50% off all those sticker prices.
I walked on to a ram dealership about a year ago ready to be sold and no one ever came out the building. I’m happy they never did. I’ve watched some car buying videos since then and what a huge mistake it would have been
I’ve owned many ram trucks decent vehicles but had small issues I went with a different brand because the warranty service was extremely bad all they had to do is back the product they sell and I’d still be driving them
Gentlemen it's a complicated mess. Labor costs, customer expectations vs what he can afford, government reguations, the distraction and costs of developing EVs, and what most agree on, greed. There is no longer any such thing as an accessory loaded affordable vehicle. There's going to be a recalibration of expectations. (How many of you guys really need 4 wheel drive?)
Well said. It is complicated, not just “corporate greed”. My beloved 2004 dodge Dakota in which I got for a song didn’t have ADAS, apple CarPlay, keyless ignition, 4x4, or LSD. All the gimmicks that customers demand today as well as government mandated ones.
Oh it’s corporate greed along with out of touch executives and crappy reliability. That’s what happens when Fiat, a crappy European mfg is in charge. We need US ownership.
I remember when Daimler Chrysler Dodge Plymouth was one of the cheap but ok American brands that was pretty much a starter vehicle for someone younger or maybe someone older that just wanted a basic vehicle but. Then there may focus transition to selling four-door cheap muscle cars and the Challenger and throwing a crazy horse power engine in a family SUV named the Durango.
In the earliest days of the American auto industry, a new car dealer might have a demonstrator or two on hand, but for the most part, cars weren't built until there was a firm order in hand. Today, there are usually millions of dollars worth of product sitting on the lot, all of it built on spec.
Don’t worry, the CEO is still making around 50 million a year… what a joke. Not to worry, our tax dollars will bail them out and they still won’t lower the prices of these vehicles….nice video sir 👍👍👍
A stripped down base wrangler with crank windows should not cost more than $28k. Loaded up Rubicon $ 43k max. This is why Suzuki Jimny sold out in 20 minutes when it was launched in Mexico. Probably be like 90 seconds in USA.
Stellantis still thinks they can price a Jeep like a Land Rover, except it isn't. Back in the late 60's a Jeep Wrangler was the cheapest vehicle you could buy.
Friend of mine was a salesman at a Ram/Jeep dealer and he's left for another brand because the sales department is starving to death. No one is buying, and since they're all commission, they can't pay their own bills.
Moving to only high-profit models, this is what you end up with. Those with disposable income already bought theirs, so these crates are just going to sit and rust.
I have still NEVER seen a dodge Hornet on the road. I think I read that Dealers have like a 2year supply of Hornets on their lots…. Reminds me of the Chrysler 200 fiasco…. What a mess….
That's because they are starting it at $31k... whereas nearly every other company is selling similarly sized small SUVs in the low to mid $20's. Toyota Corolla Cross - $23k Chevy Trax - $20k Maxda CX30 - $25k Hyundai Kona - $24k Honda HRV - $25k etc, etc... They could probably sell ok if they priced it closer to the competition. But it's essentially a rebadged Alfa Romeo... and they 'think' they are a luxury brand, I guess.
Local dealer got me 16k off sticker for a Grand Cherokee. But interest rates are at an all time high right now, even with decent credit. But if you have the cash, deals are great right now.
Just traded off my Jeep for a Ford truck. They tried to push a 2023 Wrangler onto me when I asked specifically for a new Jeep. FULL SIZE F-150 for 44,500. First time in 15 years I quit driving a Jeep. Really disappointed
The 1985-1987 Chrysler New Yorker Turbo was an excellent, well built car that lasted 200k miles, was comfortable and had appeal to Americans. Something bad happened after that, 1988 to 2000 the LHS and other sedan quality went down greatly and so did sales. The transmissions were terrible, failing before 100k miles. Now, with Chrysler gone, another iconic make is bye bye.
My heart definitely goes out to the hard working people we will never know who are losing their jobs. As far as the wealthy Dealership owners, salesman and Manufacturer CEO'S, they can all suk it.
Was a Dodge fan from first car i owned. A slant 6. Great car. Last one was 85 B150 with 318. Was a family pet and took us coast to coast on many adventures. Reasonably priced engine rebuild by honest Mennonite in Maryland. Otherwise easy to work on and did all other maintenance on it for 17 years. Ever since would cross the street to avoid walking by any Mopar dealer.
And this is why I get around using a 2022 Honda NAVI 110cc Moped that takes me practically everywhere and I'm getting 110 MPG @ 55 MPH on local lroads!
If that dealership is going out of business, they should put a big sign up…all new vehicles on this lot are priced at $10,000 regardless of what the window invoice says. And sell them cheap and fast. There would be a line around the block, and sell every damn one of them, close up, lock the doors, share the funds with all the workers getting laid off…
@@dennissvitak5475 I changed the wording. I meant to sell them all at $10,000 each. I agree they are presently way overpriced and who wants to pay that much to have it depreciate 15-30% as you drive off the lot. And trade in value isn’t very much especially with the Ram now only having a V-6. They tossed the V-8 engines. Stupid move..
They’ll go to auction but most likely other dealers will get em for cheap and the manufacturer will try and give some kickbacks if they can. Very rarely will they let the consumer get it for the price it should have from the start.
Corporate greed is endless. People coming to work for corporations to collect paychecks nowadays. I have been in Canada since 1999. My first Dodge Caravan 1995 I purchased for C$9500 (plus tax) with $140K km on it and when I sold it, it had $430K on it. My second one was a Chrysler Sebring 2004 with 100K km, I paid C$9000 (plus tax) for it and when I sold it it had 250K km on it. Then I purchased a Dodge Grand Caravan 2007 with 66K km on it and paid C$9500 (plus tax), now it has 215K km. I have spent less than C$30K on my vehicles since 1999 in Canada!
The thing I do not understand is why the dealers allowed a 2023 model to still be on the lot. Interest payments, depreciation, just cut your losses after a couple of months on the lot. It is like they are trying to go bankrupt.
In your video, you can even see the porta potty as the building is closed. Time is of the essence…offer them 30 cents on the dollar, liquidate, sell or lease the property, and go home. Those dealers who purchased the inventory, most likely paid 20 cents on the dollar, not to mention the interest owed from the floor plan. Half a glass of water is better than no water at all.
But the problem this is creating is since people cant/wont buy at these high prices, they are keeping and fixing their current cars which is causing a backup at the repair shops. My car has been in the shop for over a week for a oil change and rear break job because of their backlog.
Here's the PROBLEM. Carlos Tavares the CEO of Stellantis was paid $39.5 million dollars in 2023. (a 56 percent increase over what they paid him in 2022.)
Thank your UAW BROTHERS who just got a 20% raise, wonder why people are nt leasing or buying! I was quoted 100 more for a laredo when i had a limited X!! Yeah no thanks!
That changes by the day unfortunately. OEM will send out notices and change the whole structure on the fly. For example, one of the worst invoice pricing I’ve ever seen was on the Ford Maverick. The dealerships would make $400 on each one they sold. Where a Silverado might have $18-$20k of profit. It’s all over the road. When I sold cars, if there was not at least a 14% profit margin, it wasn’t worth moving the vehicle. That’s sort of the rule of thumb in the industry 12% is the lowest you’d want to go before all your overhead creeps in.
Stellantis attempt to turn Wranglers into Range Rovers turned out to be a colossal blunder. Jeep will survive, but that brand may have to be sold to another manufacturer.
V6 trucks for 60k. What could possibly be wrong? Lot by me has a few brand new 23 jeeps on the lot. You mentioned the Durango doesn’t even have the hemi, you forget they killed the hemi
If you put $50,000 into a good ETF dividend paying stocks and let it grow for 20 years you would have an incredible portfolio or you could have a Dodge truck that in 20 years would not even be worth the scrap metal
ADM adendum is probably just left over from when they placed it in the window 2 years ago. That was probably the last time anyone has bothered to look inside of it so that's probably why.
2018 Mazda 6 visits to dealer at 92,500 miles: Zero. 2024 Chevrolet Silverado 3500HD visits to dealer at 6,500 miles: 2, Plus one more pending for another recall. I wonder if that means anything.
While i agee these prices were ridiculous but it think its the car production model of producing a different iterations every yr. Theres no need or sustainability in having a "new" model every yr. Theres not enough people to buy the newest every yr.
Those jeep wranglers should NEVER be price over 40k
the wrangler has been around for decades, if it cost them that much to produce there is a serious problem.
@@JoshuaHults the thing is it does not cost that much to produce when you’re mass producing. It’s all corporate greed. They’re selling car at 4x the value. And dumb ppl continue to purchase. 🤦🏾♂️
Remember looking at Jeeps for under ten grand. You should have seen what you could buy a Jeep for in the 1960's. Of course, price is relative to salaries at the time, but they sold for much less than a car even though they were four- wheel drive.
@@scrambler69-xk3kv well they are simple, literally boxes on wheels. They messed up, that car had serious potential to sell better than a Ford 150 if they had concentrated on manufacturing efficiency. I remember look at one 3 years ago, i went into it completely blind, I went to lot thinking 25,000 for mid version and maybe 30-32 for their top range... Then my chin hit the ground as i walked around and looked at sticker prices. I never went back after that, they lost a possible lifetime jeep wrangler buyer
@@JoshuaHults to plush with too much tech!
No bailouts for the auto industry. No bailouts, period. No government loans. No subsidies.
NO Bail outs to a foreign owned company!!!!!!!
@@larryjohns8823 No bailouts, whether foreign or domestic.
No kidding it seems all the domestic auto makers are purposely tanking knowing that they will just get bailed out again. If it comes to it and we need to bail them out, the government just needs to take control of them. If it's too big to fail and we need cars then treat it like a service like the military and the mail.
@@larryjohns8823GM still makes crap. Let them fail as well.
I agree the national debt is too high. Case point the last rate cut from the Feds didn't work. Bond market and T bills going up. Mortgage rates already going back up. The 35 trillion debt is now self aware. It now has a life of its own. Inflation is about to spike again and there is no stopping that. Our government won't allow the economy to reset so things are about to get ugly. I mean really ugly.
They brought this onto themselves,I couldn't care less.
Same here I don't get attached to corporations.
It’s not the corporations, it’s the economy, stupid. If the automobile industry fails, so does America. Shit rolls downhill. Who do you think will be making up the difference in the tax rolls? Only there will be a lot less of us to pay the bills. Think government will make do with less? The government is responsible for killing our auto industry. It started long before the EV mandate but Bidenomics will pound the final nail in the coffins of the automobile industry and the United States of America. Last one out, turn out the lights. Oops, there won’t be any.
@@jeffmacey6482right, these corporations are not doing the average buyer any favors. Corporate greed on display front and center.
High prices + poor quality = bye bye.
You hit the nail on the head.
@@thomaslthomas1506OK CHEVY BOY🤮
@@DefinitelyNotYouThankGod nope I’m a pre-stellantis Ram owner. This has been a self inflicted wound on their part. High prices and the last several years the quality has been very 1976. Like ‘76 duster which I also owned.
@@DefinitelyNotYouThankGodI love the snap decision and wrong again. Wake up, they are no longer a good mfg. and it ain’t gonna get better with Italy in charge.
Same thing happened in the UK 40 years ago , we all turned round and looked at our British made cars and thought " There crap overpriced junk " We all went BMW & Mercedes , even Jap cars but our own cars were awful , US cars going the same way , for 100k you can buy a nice BMW or even a Porsche or cheep Ferrari for 50k or buy a Jeep for 80k ?? Makes no sense ....
Stellantis doesn’t know the first thing about American Jeep owners.
Or anything, for that matter.
We cheap
They know they're stupid enough to pay ridiculous prices.
And, that's all they need to know.
They don't want a cell phone masquerading as a jeep!
Well, they at least know what the Jeep customers are not buying...
R.I.P. to some of the most iconic models that ever existed. It's a sad end to a century long tale of Jeep, Dodge, and Chrysler.
It's not sad because they were so greedy they'd rather go under than (SHOCKER!!) sell affordable cars.
Let them go under. Some investment group will buy out their assets and trademarks for dirt cheap and close down most of the infrastructure. After a while they will start producing the most popular vehicles at lower prices with a streamlined company and production employees making a lot less in wages and benefits.
They will bankrupt but somebody will pick up Jeep. Dodge/Chrysler probably won't make it. Jeep always survives. It won't be the first time somebody bails out that brand.
@@HiPlains1 so Becky from the suburbs can have her WRANGLER.... ugh
@@raymond_sycamore But there does not have to be a bail out for Jeep. There is a fan base for the brand. It just needs better leadership. As far as what you say most lifted up body on frames are mall crawlers. Its their money. As long was tax payers don't have to subsidize as you say.
GOOD BYE Stellantis !!!!!!!!!!!!!!!! Because of damn corporate GREED many hard working people will lose their jobs, great job Stellantis, how do you executives sleep at night ??? The government SHOULD NOT bail them out !!!!!!
I hate to say it, but this is the first of many industries going under or shedding work force all due to corporate greed. Its just starting.
They sleep well on a mountain of cash
@lawdog516
No bailout from the US. government this time as their foreign owned.
They sleep very comfortably on a pillow filled with crispy $100 bills.
It’s the way it goes. A business is bought out, the new owners sell all the company's assets. The company finds ways to make the product cheaper which makes the quality of the product decline. Then the company goes bankrupt. While giving a 🤷 because they don't know what happened.
Whoever was in charge of this dealership is a complete idiot he ran it in the ground by tryin to fleece people serves them right
When a corporation raises its prices by 50-60% over five years, eventually the chickens come home to roost... sad for the workers who must suffer for corporate greed.
fuck the workers, they are building shit.
It seems deliberate
Workers also did strikes for wage increase, they had a role in this.
@@eminaetiscaliph4439
Not really
But by all means keep repeating that propaganda
@@lordrayden3045so increased labor costs don’t translate into the final price? That doesn’t sound logical.
Not waiting for a deal, dont want it, they can keep it.
GM hasn't learned a thing from this either. They still want $45-51K for a light pickup with a FOUR cylinder engine...
I just can't be sad over this because MY Chrysler died decades ago.
The Chrysler I remember was Chrysler Corporation. Not Stellantis, not Cerberus or whatever it was called, DaimerChrysler, or FiatChrysler. I am talking Chrysler Corporation. Plymouth, Dodge, DeSoto, Chrysler, Imperial. Valiant. Dart. Dodge (not Ram) trucks, from pickups through over-the-road. Not rebadged Alfa Toe-Nails.
I'm 75. I saw Hudson and Nash go when American Motors came about. AMC gave it a go and had a good run. Studebaker stopped making cars, but went on with their many other businesses; they did not "go out of business". Kaiser/Fraser went. So did Packard.
Face it, folks. Companies die, whether from bad management, failure to adapt to the times, or the public loses interest in the product. Look at the ones that DID adapt: when was the last time American Express handled a package? When did Western Union last handle a telegram or offer TWX/Telex service? They pivoted into other businesses and remain successful.
Too many companies. Others make better products
Nobody wants over priced JUNK.
I 1000% culd not agree more ! The quality is absolute garbage ,overly restrictive emissions mandates and extreme greed is running auto makers into the ground. It's completely disconnected from the reality of the average preson
I 1000% totally agree, extreme greed ,overpriced restrictive emissions mandates and the quality of the made today is absolute garbage that is grossly overpriced. O.E.M.S are completely disconnected from the reality of the average person.they all need to go under.
Not true. Rolex, Land Rover, iPhone, Supreme all sell just fine.
@@bigmacdaddy1234 Along with trump watches, trump bibles, trump sneakers -- there's a suckers 'market out there that grifters are tapping into.
I agree with the comment about the Rubicon not going away.... from the car lot
My neighbor has (4) Jeeps and he's not a happy camper. His MIL owns another, resale will disappear along with availability of service and parts.
Lmao
The Big Horn quadcab is about ten grand over what the consumers will bite at and If Stellantis thinks that the average working class person will buy a low end pickup truck for over $40 grand they are nuts.
I’m 52, been buying Ram trucks since I was 17. Get a new one every 4-5 years. This last year was the first time I didn’t, got me a GMC HD. I can’t justify paying $100k for the exact same truck I bought 4 years earlier for $69k.
Greed greed greed!
@@arturomery5557 It makes no sense. The prices are too high.
Backfired EV mandate.
IT IS NOT JUST THE BRUTAL PRICES, SO FAR BEYOND WHAT WORKING FOLKS CAN AFFORD, BUT IT IS ALSO THAT THESE VEHICLES HAVE SO MANY PROBLEMS WITH QUALITY. MONEY GRIEF TO BUY, GRIEF TO KEEP PAYING ON, GRIEF TO KEEP IN REPAIR AND ON THE ROAD.
Even if was a multi millionaire I wouldn’t pay $100,000 for a Wrangler.
Why are you yelling
I couldn't agree more. Today vehicle quality is total garbage ,overly complicated and grossly overpriced. Compounding wit a tapped out consumer and much tighter lending because so many now just can't make the payments anymore.
So Stellantis would rather go bankrupt, than to lower prices🤦🏾
WEForderedStellantisToDoThis
Xxck um
Everyone should help them go bankrupt by keeping our wallets closed.
When covid hit and manufacturing volumes plummeted people that had to buy a car for one reason or another bid up prices. The manufacturers all seemed to decide that that the higher pricing was the new normal. Big mistake.
Retired construction worker here , we had to be competitive when bidding out jobs , if your price was too high then you don't get the work but , if your realistic about what you NEED to make a profit then you stay busy all the time ! Refusing to lower prices on new vehicles realizing it could mean their demise tells me there's something else going on here ! It just makes absolutely no sense to operate a business in such a way ! Even grocery stores are smart enough to be competitive with each other.
When are they gonna realize the problem is the price of these damn things?
They will all either lower their prices back to around the 2019 pricing or go out of business.
We hear you so we're offering the double platinum package for a measly 14k upcharged from single platinum's 89k price. ...why aren't you buying one?
@@DonHogan-wi2yj Holy $hit, what a deal, where do I sign?!
I think never! Corporations will not allow them to realize issues with the prices. Corporate Greeeeddddd. Big shots "know better" by sitting in high rises.
They will go out of business before they ever drop prices. Food restaurants do the same thing. Prices go up; business goes down. Out of business and never dropped their prices.
A local dealer near me has NEW 2023 vehicles on the lot. They have ballons tied to the outside rearview mirrors and they are flat and laying on the ground, with expired annual inspection stickers on the windshield. The building was once a Sears store and Sears auto as part of a mall. Someone purchased the building ripped off the front wall and spent what had to have been a fortune remodeling it. They have an ocean of vehicles surrounding it. and commercials are constant on local channels. But when you look at the prices on them, it is no wonder they are not selling. People simply cannot affors them. Combine that with their reliability issues and I don't see them making it.
In NC a dealer is in the process of leaving the group. The agreement in NC says/ said all unsold vehicles would be bought back. They are currently fighting to not buy them back.
I'm in this area and am very anxious to see what happens. They are both suing each other last I checked
@@fartdonkey8290 yep, I’m waiting as well
That just shows how stupid stelamitis is.
The bad PR is way more than anything they may win (they won’t )
I think you’re reaching here, Southern is not closing down! They’re renovating their showroom. They have moved down the street to Greenbrier Dodge in the meantime
Thanks! I hate these clickbait videos
The UAW bears some culpability in this mess also. Megalomaniac leader Sean Fein is killing future jobs with his outrageous demands. GM, Ford and Stellantis are no longer cost competitive with Honda, Hyundai, Kia, Toyota, etc. BIG short term wage and benefit gains will shortly translate to the unemployment lines for MOST of the Big 3 carmakers' workers. Another abject FAILURE of the American Labor movement.
'Iconic Jeep will never go away" Famous last words for a WWII design.
My 2016 Jeep Wrangler Sport was $23,500. New ones are $33,500. According to the Afghan vet that sold me the Wrangler, the only difference in models is trim and some axle upgrades. All of of those things, he told me, can be purchased in the parts dept. He actually told me that I could buy wheels and tires on Craigslist from people who trick out their Jeep and sell the old stuff. With that in mind I bought some bigger wheels and tires with only 500 miles on them for a couple hundred buck.
I haven’t even bothered to hit any car lots to “window shop” since Covid started. Given what all the manufacturers are offering and the insane prices, I don’t think I will be walking any lots anytime soon.
Yea right. We've been hearing about dealers closing for the last year now from many sites and I still haven't seen any dealerships closing.
Slowly but surely some are
Dealerships are closing all over the place. One of the largest in the US has a class action lawsuit they filed against Stellantis over buybacks of $180 million. They can't close until it's completed.
Stellantis is also being sued by their own shareholders for tanking the company/brands.
They fired the CFO. They have had talks with BYD. They are closing factories in the US. They turned down the great grandson of Chrysler who wanted to buy the brand back.
This is all common knowledge in financial circles, and with most of the general public...
CRAZY. I went to their website thinking (silly me) that maybe there would be at least SOME interesting pricing, but I saw no real deals that you don't find at other dealers.
All of this could have been avoided. They’d rather close their doors for good than save YOU money.
They were never about saving YOU or anyone money.
It isn't the first dealership to close and it won't be the last.
Everytime I see brand new vehicles in the streets, I keep asking myself how do people afford that?!
Doesn't shock me. This auto group had a real tough time during the 2008 Great Recession. Wonder what they will be doing with their 2 other CDJR stores in VA...... Thanks for posting up Rev Nation!
That dealer isn't going out of business. They have two other locations in the area and are going to use that to have an even bigger lot, turning this lot into a used car lot. It's very common for dealers to do that, separating their used car lots to make you feel like you are shopping somewhere else when you really aren't.
American Greed is a great show
will these new 2023 vehicles that won’t sell be purchased by auction companies or go back to the manufacturers? cause I know they won’t discount them to what they are worth which is 50% off all those sticker prices.
I walked on to a ram dealership about a year ago ready to be sold and no one ever came out the building. I’m happy they never did. I’ve watched some car buying videos since then and what a huge mistake it would have been
I’ve owned many ram trucks decent vehicles but had small issues I went with a different brand because the warranty service was extremely bad all they had to do is back the product they sell and I’d still be driving them
New Porcha dealership going in, in Peoria, Az. If interested. Saw it last week. On Bell Rd. Right before the 101 freeway.
Gentlemen it's a complicated mess. Labor costs, customer expectations vs what he can afford, government reguations, the distraction and costs of developing EVs, and what most agree on, greed.
There is no longer any such thing as an accessory loaded affordable vehicle. There's going to be a recalibration of expectations. (How many of you guys really need 4 wheel drive?)
Well said. It is complicated, not just “corporate greed”. My beloved 2004 dodge Dakota in which I got for a song didn’t have ADAS, apple CarPlay, keyless ignition, 4x4, or LSD. All the gimmicks that customers demand today as well as government mandated ones.
Oh it’s corporate greed along with out of touch executives and crappy reliability. That’s what happens when Fiat, a crappy European mfg is in charge. We need US ownership.
Are big SUVs still selling?
Yes. Tahoes, Yukons, and Expeditions are selling pretty well.
I remember when Daimler Chrysler Dodge Plymouth was one of the cheap but ok American brands that was pretty much a starter vehicle for someone younger or maybe someone older that just wanted a basic vehicle but. Then there may focus transition to selling four-door cheap muscle cars and the Challenger and throwing a crazy horse power engine in a family SUV named the Durango.
In the earliest days of the American auto industry, a new car dealer might have a demonstrator or two on hand, but for the most part, cars weren't built until there was a firm order in hand. Today, there are usually millions of dollars worth of product sitting on the lot, all of it built on spec.
So what will happen to the inventory?
Can't wait to pick up my new Crosstrek next week for well under 30k 😆
Don’t worry, the CEO is still making around 50 million a year… what a joke. Not to worry, our tax dollars will bail them out and they still won’t lower the prices of these vehicles….nice video sir 👍👍👍
You aren't exactly correct. He just got a 50 million a year raise... God knows what he is making to ruin this company
What is his incentive to help, he is there just to collect his guaranteed pay and go enjoy his life.
@@zelenizub2036 that he is
Is a Wrangler still 2 straight axles ? It was a big thing 50 years ago.
How do you know how long has it been on the lot?
Jeep is a rugged $40K vehicle. It will not sell very many cars over $90 K.
A stripped down base wrangler with crank windows should not cost more than $28k. Loaded up Rubicon $ 43k max. This is why Suzuki Jimny sold out in 20 minutes when it was launched in Mexico. Probably be like 90 seconds in USA.
Stellantis still thinks they can price a Jeep like a Land Rover, except it isn't. Back in the late 60's a Jeep Wrangler was the cheapest vehicle you could buy.
@@cheftomsd to be fair, Land Rover makes Jeeps look like Toyota
Friend of mine was a salesman at a Ram/Jeep dealer and he's left for another brand because the sales department is starving to death. No one is buying, and since they're all commission, they can't pay their own bills.
Moving to only high-profit models, this is what you end up with. Those with disposable income already bought theirs, so these crates are just going to sit and rust.
Hope to see vehicle prices to start dropping to something even close to affordable.
Twenty one mpg combined means on or off the tow truck
I have still NEVER seen a dodge Hornet on the road. I think I read that Dealers have like a 2year supply of Hornets on their lots…. Reminds me of the Chrysler 200 fiasco…. What a mess….
That's because they are starting it at $31k... whereas nearly every other company is selling similarly sized small SUVs in the low to mid $20's.
Toyota Corolla Cross - $23k
Chevy Trax - $20k
Maxda CX30 - $25k
Hyundai Kona - $24k
Honda HRV - $25k
etc, etc...
They could probably sell ok if they priced it closer to the competition. But it's essentially a rebadged Alfa Romeo... and they 'think' they are a luxury brand, I guess.
Local dealer got me 16k off sticker for a Grand Cherokee. But interest rates are at an all time high right now, even with decent credit. But if you have the cash, deals are great right now.
Just traded off my Jeep for a Ford truck. They tried to push a 2023 Wrangler onto me when I asked specifically for a new Jeep. FULL SIZE F-150 for 44,500.
First time in 15 years I quit driving a Jeep. Really disappointed
The 1985-1987 Chrysler New Yorker Turbo was an excellent, well built car that lasted 200k miles, was comfortable and had appeal to Americans. Something bad happened after that, 1988 to 2000 the LHS and other sedan quality went down greatly and so did sales. The transmissions were terrible, failing before 100k miles. Now, with Chrysler gone, another iconic make is bye bye.
50%off everything must go ?
I just passed a dodge dealership this morning and the lot was packed with new cars. Meanwhile, My toyota dealership can't get cars in fast enough.
My heart definitely goes out to the hard working people we will never know who are losing their jobs. As far as the wealthy Dealership owners, salesman and Manufacturer CEO'S, they can all suk it.
If they don’t make an effort to reduce prices then they should be fixing the issues they are having!
When you mention markups in this video what exactly does that mean to me as a potential customer?
We never see one close up here in Florida. Where is this happening?
Where is this dealership located?
Dodge/Chrysler/Plymouth/Jeep/Fiat/Ram over the years have been a great selling tool for Toyota.
Was a Dodge fan from first car i owned. A slant 6. Great car. Last one was 85 B150 with 318. Was a family pet and took us coast to coast on many adventures. Reasonably priced engine rebuild by honest Mennonite in Maryland. Otherwise easy to work on and did all other maintenance on it for 17 years. Ever since would cross the street to avoid walking by any Mopar dealer.
And this is why I get around using a 2022 Honda NAVI 110cc Moped that takes me practically everywhere and I'm getting 110 MPG @ 55 MPH on local lroads!
If that dealership is going out of business, they should put a big sign up…all new vehicles on this lot are priced at $10,000 regardless of what the window invoice says. And sell them cheap and fast. There would be a line around the block, and sell every damn one of them, close up, lock the doors, share the funds with all the workers getting laid off…
10k isn't enough. Seriously ... for many of them, 25K off isn't enough. Grand Wagoneer is north of $140k. For a JEEP.
@@dennissvitak5475 I changed the wording. I meant to sell them all at $10,000 each. I agree they are presently way overpriced and who wants to pay that much to have it depreciate 15-30% as you drive off the lot. And trade in value isn’t very much especially with the Ram now only having a V-6. They tossed the V-8 engines. Stupid move..
All the car companies are pricing themselves out of business. And No I Don't Rent Vehicles Just To Have One.
What will they do with them if they don't sell?
They’ll go to auction but most likely other dealers will get em for cheap and the manufacturer will try and give some kickbacks if they can. Very rarely will they let the consumer get it for the price it should have from the start.
Corporate greed is endless. People coming to work for corporations to collect paychecks nowadays. I have been in Canada since 1999. My first Dodge Caravan 1995 I purchased for C$9500 (plus tax) with $140K km on it and when I sold it, it had $430K on it. My second one was a Chrysler Sebring 2004 with 100K km, I paid C$9000 (plus tax) for it and when I sold it it had 250K km on it. Then I purchased a Dodge Grand Caravan 2007 with 66K km on it and paid C$9500 (plus tax), now it has 215K km. I have spent less than C$30K on my vehicles since 1999 in Canada!
Yup, this was inevitable. Maybe Ford or GM will buy the Jeep brand.
More likely the Chinese. Then Jeep will be total JUNK😮
She'll a tis will sell to the highest bidder -Chinese who want a US base to sell their junk and EVs.
If the dealers will close, how people will buy the cars? From Costco or something?
The thing I do not understand is why the dealers allowed a 2023 model to still be on the lot. Interest payments, depreciation, just cut your losses after a couple of months on the lot. It is like they are trying to go bankrupt.
Name one location?
what are they going to do with all those excess cars
good video. You are spot on. Very sad. A lot of pain is coming
In your video, you can even see the porta potty as the building is closed. Time is of the essence…offer them 30 cents on the dollar, liquidate, sell or lease the property, and go home. Those dealers who purchased the inventory, most likely paid 20 cents on the dollar, not to mention the interest owed from the floor plan. Half a glass of water is better than no water at all.
But the problem this is creating is since people cant/wont buy at these high prices, they are keeping and fixing their current cars which is causing a backup at the repair shops. My car has been in the shop for over a week for a oil change and rear break job because of their backlog.
Rubicon combined mileage more like 16 mpg w/ blend of city and highway.
When you sell crappy products at ridiculous prices, this is what happens but you have a Federal government that will not let them fail.
A Wrangler with the 392 Hemi is $97,000.00! I almost fell over when I saw one in the showroom.
Here's the PROBLEM. Carlos Tavares the CEO of Stellantis was paid $39.5 million dollars in 2023. (a 56 percent increase over what they paid him in 2022.)
For doing the worst job possible. My old running shoes as the CEO would be a net gain.
Could be a front to go chapter 11 to gut the ridiculously high pay in the union contracts
No one's fault but Stellantis for making vehicles that people dont want due to price, design, reliability, etc.
Thank your UAW BROTHERS who just got a 20% raise, wonder why people are nt leasing or buying! I was quoted 100 more for a laredo when i had a limited X!! Yeah no thanks!
I hope Stellantis sells it's Dodge & Jeep brands to more consumer oriented owners. Could there be US buyout as was done with GM.
I do as well. I’ve offered to meet with some of their team for free. We shall see
Thanks for the video. Any idea how much a dealership get those vehicle below the MSRP from the manufacturer?
That changes by the day unfortunately. OEM will send out notices and change the whole structure on the fly. For example, one of the worst invoice pricing I’ve ever seen was on the Ford Maverick. The dealerships would make $400 on each one they sold. Where a Silverado might have $18-$20k of profit. It’s all over the road. When I sold cars, if there was not at least a 14% profit margin, it wasn’t worth moving the vehicle. That’s sort of the rule of thumb in the industry 12% is the lowest you’d want to go before all your overhead creeps in.
@@revnation_auto Thanks for the info......👍
Stellantis should sell the Jeep,Ram,Chrysler and Dodge brands to GAC or GWM
I love the original thumbnail.
Stellantis attempt to turn Wranglers into Range Rovers turned out to be a colossal blunder. Jeep will survive, but that brand may have to be sold to another manufacturer.
That's nuts for a little jeep i paid 75 for a super duty am its 10 times the rig
V6 trucks for 60k. What could possibly be wrong? Lot by me has a few brand new 23 jeeps on the lot. You mentioned the Durango doesn’t even have the hemi, you forget they killed the hemi
You could still get it for 2024. It was an unwise move but pressure from a left-wing government is real.
If you put $50,000 into a good ETF dividend paying stocks and let it grow for 20 years you would have an incredible portfolio or you could have a Dodge truck that in 20 years would not even be worth the scrap metal
ADM adendum is probably just left over from when they placed it in the window 2 years ago. That was probably the last time anyone has bothered to look inside of it so that's probably why.
2018 Mazda 6 visits to dealer at 92,500 miles: Zero.
2024 Chevrolet Silverado 3500HD visits to dealer at 6,500 miles: 2, Plus one more pending for another recall.
I wonder if that means anything.
You can only force feed consumers a lousy product for so long...customers always have the final say.
Yeah, about time. Doing cartwheels.
Thanks for your nice info-clip, do they still offer Ram's with a real Cummins Diesel engine,
not the darn little Italian lawn mover type?
While i agee these prices were ridiculous but it think its the car production model of producing a different iterations every yr. Theres no need or sustainability in having a "new" model every yr. Theres not enough people to buy the newest every yr.