The Truck Market Finally COLLAPSED. And Buyers are DONE Overpaying!
ฝัง
- เผยแพร่เมื่อ 15 พ.ค. 2024
- I traveled to several dealerships to show you guys what current inventory and easily identifiable discounts look like. Not only are interest rates super high right now but MSRPs have gotten out of control. Thankfully many of the dealers are finally coming back down to Earth on their pricing below MSRP.
Thoughts?
2024 Toyota 2024 Ford F150 2024 Subaru 2024 Silverado
#trucks #Toyota #Ford #Chevy #Subaru #hyundai #f150 #4runner #tacoma #landcruiser
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When 10k down and 1k/month for 7 years will barely get you into a basic work truck, something is seriously wrong.
Yes! ☹️
Tbf, nobody is using these for work. These are $90,000 enlargement pills.
Cringe
It's the dang EPA. These manufacturers would love to make light trucks for people but, they can't because the EPA footprint MPG standards.
@@Seanenanigans Sort of. The whole reason giant SUVs and trucks are popular is because there are exceptions in safety and fuel efficiency for large vehicles, which were originally considered work vehicles. The importation of light trucks was also banned as part of the Oil Crisis. The limit is for vehicles less than 25 years old, so people are starting to import kei trucks and such but many are not road legal or are difficult to insure.
So yes, the push towards huge vehicles was originally the result of regulations. But there is also the American idea that a $100k extended cab pickup that can't hold a sheet of plywood makes you a real manly man. There's also the American idea that driving on the freeway is basically Mad Max, nervous drivers buy big vehicles because they anticipate accidents and want to feel protected. Thirdly, minivans got a bad rap in the 90s, even though they're usually more practical than a full-size SUV and even though the full-size SUV is basically for suburban moms, they think it's cooler.
Not only is everything overpriced it's overpriced by 40%
Literally insanity 😝
No it's not. It's collapsed. Didn't you see the clickbait... I mean the title?
At these prices, I will never buy another vehicle brand new again.
The definition of "over priced" is a price so high it isn't purchased. I believe what you are referring to is that you wish it was 40% less expensive. The problem is that you neighbor paid that 40%, making it not overpriced.
Over priced by 300%
Average household in America makes $74,000. These trucks are going $50k +. Yeah normal folks are being priced out by greedy cars company. Let them rust on the lot!!!
average F-150 $66,000 + tax and license, I think by the end of the year the "lot rot" will be going over the auction block. After up to 2 years of sitting on the lot, have the Rodents been munching on the wiring harnesses?
With all the plastic crap, they might not rust.
Homes too
Should get a decent deal if they go to the auction block. If not, they will rot on the lot.
Yes indeed. After payroll taxes and mortgage/rent utilities and insurance, disposable income is becoming rare.
Seeing these used one owner cars with 2 miles comes off to me as fraud
My thoughts exactly!
It should be. It really should be. But it’s technically not.
That's some low-down crap!! I don't shed a tear when these idiots go belly up.
My opinion is the dealer registered them as "Sold" so they could make their monthly numbers with the manufacturer in order to get the back-end cash payment.
They are listed as used because they can ask more than the MSRP Toyota requires them to accept for new vehicles. It's their way of skirting around the manufacturers rules and is becoming more common. Just need to find the right dealer that lists and sells for MSRP, all 3 of my local dealers do which is nice.
All you can do is laugh. These prices are beyond out of this world
Let the INVENTORY ROT ON THE LOT 😈
Yeah! Thankfully there’s still as many good dealers and manufacturers as there are shady and out of touch ones.
DAMN RIGHT !! let the sut fur a few years. I'm picking 2025-26 the price you going to come way down
AGREED and manufacturers need to start selling direct to the public. Get rid of the middleman. I dont need a salesman and GM and Managers all getting their fingers in my purchase. Id rather be able to afford a new truck.
@@lancelotlink3907 manufacturers dont want to sell directly...not worth it to them
Hell yea! I smell deals coming in a few years for everyone that was smart and put their money in cash when the mega stupidity started during Covid. Houses too.
I feel sorry for the young people, they are going to live through some really insane times..
Hopefully things financially speaking don’t get much worse before they start getting better. I don’t know how the “average joe” can get by right now. 😬
Yeah but they can use their “ pronoun’s” 🤣🤣🤣🤣🤣
They voted for Biden so they deserve it.
How many old people do you know that can purchase a 125k pick up ?
Actually, I don't feel sorry for these dumb people who get themself in this instant gratification.
The reason they have 2 miles on them and have 1 owner is because, they don’t have to abide by Toyotas new car pricing because it’s no longer a new car. It’s a used car with 2 miles. So now they can charge whatever they want for it.
That’s exactly what I assumed. So shady. And now it’s already a one owner car with the warranties starting, all for the purpose of making their buy/sell numbers look better and make a few extra grand from higher prices and interest rates off of people who don’t know better.
Does Toyota actually have a pricing policy on new vehicles? I live in Las Vegas and there are all kinds of price add-ons for new vehicles at the local Toyota dealerships.
I would go to Toyota‘s main website for the US. I don’t think they can charge above what Toyota is advertising. However, if they start with add-ons and special packages the sky is the limit
Also, financing on a Used car typically carries higher interest rate than a new car. Consumers get taken to the cleaners twice. Shady practice.
They will try anything to get rid of these over priced trucks.Its only going to get worse.
Wrangler 4Xe owner here, less than a year old with 1200 miles and lost over 65% of its value
That’s so absurd. Any reason why the PHEV Wranglers lose so much value when the regular ones hold their value quite well?
@@AutomotiveAnonymous208 Because nobody who buys a wrangler wants a hybrid, the more interesting question is why jeep/fiatsler completely misread their customers on that.
Because they were overpriced to begin with and no one will pay that much in the secondary market
@@AutomotiveAnonymous208 Yeah...what he said
I have a 2021 Wrangler Rubicon EcDiesel and I bought it for $52k in 2021. It’s still holding its resale value thanks to the new market.
I remember when sports cars like corvettes, Lamborghini, Ferraris, etc we’re six figures. Not an suv or a truck.
YES!!
Rolls Royce / Bentley numbers
Let trucks rot. In Europe you never see them.
@@atlantasailor1Your cars were transported on a truck
@@EchoAccord That's the best logic you can come up with? PS. Bullshit - your car was not transported on a Sierra Denali or Ford Raptor.
I’d rather put that money towards buying a house
Yup! Real estate or index funds lol. 😂
Smart.
That’s what we do
@@Doc1855 houses cost 1 million dollars there over priced too
@@user-md6uk9yy3t Depends on the location and size.
Our house is 1/2 way up the 1/4 of a mountain that we own and it’s adjacent to another mountain that 9 of us own 50% of.
Both , the 1/2 that 9 of us own and the 1/4 that we own are private mountains for us to hike, go horseback riding, take our side X sides and quads on.
It’s a short 1/2 hour drive from the busy and stressful city.
Our house was custom designed and built for my wife and I to enjoy for a few years while we’re building a Log House on our property in Montana.
@@user-md6uk9yy3t They'll almost always gain value over almost any automobile.
The Prices of Trucks have been crazy for 10yrs min. But people kept buying them like nothing. So the Manufacturer just raised the price higher and higher. Then since 2020 people even paid more than sticker. People have themselves to thank for a lot of this nonsense
Yep, why bother lowering the price when the rich keeps buying.
@@life-pm5xl people pay these prices thinking there getting a good dependable product as a good friend tells me often tells me pretty plastic
People are still overpaying, they won’t quit .
You need trucks to work, its fubar.
@@luzion5719 People that REALLY need a over priced fancy truck are minimal
$62k is insane for a 4runner that hasn't changed since 2010. Good luck with that.
Exactly! Lol 😂
Welcome to inflation. Corollas start at well over 30k now
The did upgrade the headlights 😅
@@timothygibney159they don’t start at over 30 😂😂
@@sabartransportation4456 they do. Dealers no longer ship the base models and have 5k dealer adjustments over msrp where I am at. I
94K for a new gmc 2022 model ???
No thanks 🤢🤢🤢🤢
Yeah, isn’t that absolutely disgusting lol. 😝
Agreed, No Thanks indeed😂
And Harley Davidson branded at that. That's some Ford crap, not sure what GM thought would happen with that partnership?
it was actually $125k out the door
If we bought a vehicle and drove it off the lot it automatically loses 25 to 30% value immediately. So why do they have used vehicles at new car pricing. Seems like they are playing games with consumers again.
Exactly!! So what would that 2022 Sierra with an appearance package trade in for once it’s been titled? 45-50k is my best bet…
There is absolutely a used vehicle cartel in US IMO.
facts!
It's insane. No reason to buy most used cars over most new ones.
Dealers get in trouble by the manufacturer for putting market adjustment markups on new cars when there's not a shortage if that vehicle. There are no rules against marking up a used vehicle.
130k, for a depreciable asset? Fkn Never!
for real!
I'm not sure they are depreciating. My 6 year old truck would sell for what I paid for it in 2018.
Usher : Let Burn 🔥 Let Burn 🔥 We need a Reset Boycott don’t buy
Agreed! But from good dealers at below MSRP the vehicles which cost the value they provide, and not the over valued MSRPs and dealers with mark ups and sketchy sales tactics.
The reason the prices are high because people are paying them.
The reason is because people were paying these higher prices. They are not anymore
Yup! And there's longer finance options. I hate to say but these prices are here to stay.
@@justing6594 They aren’t here to stay. History always repeats itself cause humans make the same mistakes again and again. The car market is crashing in 2024 and these car lots are going to start dropping like flies “As in going out of business”
people have learned nothing from 2008
Yeah... how about that credit card debt? 📈
If you think the truck market is dead, wait until the gasoline price is going up to $7-$10 per gallon
That wont happen.
It will happen but it might take a while.
@@seth101-hv4st lol it wont happen
@@user-fj8wr8jh4e That could happen literally overnight. If just one major exporter stops oil exports for whatever reason, your gasoline price will be over 7 dollars per gallon that morning when the stock markets adjust. Look at the news and tell me how many possible scenarios there are for oil supplies being drastically cut.
Depending on where you are, at one point gas hit $7/gallon in 2023 here in California when it was 4-5 in other states.
Clearly Toyota is Ripping Customers off. TBH every brand seems to be treating customers like Suckers as of late.
Two weeks to slow the spread created this situation with intent.
More money for less commerce.
Nobody is forcing people onto the lot or signing the paperwork for them. Toyota has built a reputation that is reflected in the price (but maybe not in the newer products themselves) and has been that way for at least 30 years.
@@ThomasD66 I don't think that's what he's meaning.
I think he's talking about the market manipulation at the executive level.
You can't seriously be stupid enough to not see it.
@@JP-ec9rl It is stupid to recognize that Toyota sets prices in a manner that will generate the most profit for the company?
How exactly does one "rip off" a willing customer?
@@ThomasD66 so let's get this straight.
You believe that the communist or fascist model of controlled shortages and market manipulation by insider trading, through lobbyist corruption is sustainable?
It's like the 2008 housing bubble.
It is notes written on product amounts that for one are highly inflated on purpose and two set consumers up for failure from the onset.
It's pricing the average consumer out of both the new and used car market.
It sounds to me like you are probably a slimy salesperson who's getting fat kickbacks off of stepping on consumer's interest rates. Am I right?
I'm all for letting the buyers beware. I hope that folks wise up and put these car brands out of business by refusing to buy their overpriced crap.
There's no reason other than market manipulation, for why a 40 thousand dollar truck has gone to 60 and 70 thousand dollars in the span of just a few years, other than the consumer is getting fleeced by the executive shot callers.
It's not a sustainable business model for the long term.
Their customers are going to be upside down on these vehicles for so long that sales are bound to crash before long.
It's no different than big pharma getting their patients hooked on opioids.
They made bank over the short term but now their customers are on the streets dying of fentanyl overdoses.
It's the same sort of insidious bullshit that's going to lead to nothing but economic devastation and collapse.
these prices are sickening. an f 150 should be worth about 22K new.
It isn’t 1999
😂 yeah if it’s 10 years old and has over 140k miles
33K
That might not be realistic. But under 40k should be available for a well optioned truck.
I paid 17000 for a new 2003 Ford F-150 6 cylinder with crank windows and 8 foot bed, it was made in Canada and was a great truck.
HOLD ! HOLD THE LINE !!! LET THEM SIT AND THE PRICE WILL KEEP DROPPING ! WE HAVE THE POWER ! ....I really believe that folks ..
Yes 👆 that’s basically the message. Supply and demand. These prices are insane and over valued on many vehicles. Only buy from ethical dealerships who sell good products from the manufacturers who are in touch with reality and who their buyer basis actually is.
Well, as they sit, the fuel turns rancid, the battery gets weaker, the oil and ATF and diff/Xfer case lube all get full of condensation from never getting up to temp, The UV rays do a number on all sorts of stuff, etc.
Overpriced
Not reliable
Expensive to maintain
High interest rates
High insurance costs
Banks not lending if you don't have perfect credit
Exactly right! It’s not a good time to buy for most people.
We never bought a new car until just before retirement. Got a ,2019 Rav 4 for 2000 under sticker The mileage started a 37.5 because it's a hybrid. It is now broken in and the lifetime average mileage has increased to 41.2
It's gaining .2 mpg per tank now with warmer weather
I drive old trucks and oil the frames Low insurance and no deprecating pays for the limited gas I need I. Retirement.
You forgot, designed to be in the shop regularly and to last only a few years.
I have a 2006 RAM mega cab. The engine finally blew. So, l started looking at new trucks.
When I saw today's prices, I put a new engine in my old truck, painted it, modernized the electronic entertainment systems and redid the interior.
I made my old truck brand new again and spent 15 grand doing it.
But at 90 grand for a new truck...it was the right move.
This is very you did that...heck yeah!!!
This is the way
Well done! Thanks for sharing what route you decided to go with it.
I did that with my lawn tractor. Best decision I have ever made.
@@frankb5603 The easiest lawn tractor to work on is a Wheel Horse. Get one from the late seventies The Kohler engines will last for fifty years. A rebuild kit will go for a out 150 A rebuilt engine for 750
These people are not car dealers. They are car collectors. lol
Hahaha 😆
I remember when you could buy a new truck for a little over 20k.
Those were good times! My first regular cab Tacoma (5 speed and RWD) was like 17-18k lol. 😂
in 1995 sure.
@@EP50009no that was 2010
Yeah 2016, I paid 26k for a brand new Ram 1500 tradesman, 4x4 8 speed auto and a 5.7 hemi, and the last of the million mile lifetime mopar bumper to bumper. Yeah, yeah dodge sucks people whatever. Dealer offered me 38k for it in 2023 at the 35k mile maintence interval. (I drive an 03 mazda around town) Also only had to pay $100 because the plugs and coil packs were covered under that warranty I never had a car appreciate until I bought a dodge. lol
Paid 21k out the door for a 2003 Nissan frontier king cab V6 XE 5 speed 4x4 in January 2003.
If I could afford 70 to 100k trucks I would buy a super car instead.
Absolutely. I’d much rather have a loaded C8 Corvette like the one I reviewed a month ago than a dodge ram with a 6 cylinder and cloth seats no bed liner, lol. 😂
It's shame there's absolutely no car company that produces cars for regular workers that makes regular income
I will say I do think Subaru, Mazda, and a few other Japanese or even the Korean automakers are still doing a good overall job at staying affordable and competitive between themselves. Just not Honda and Toyota.
@AutomotiveAnonymous208 I do like Subaru. The only thing is I stay away from AWD. More things to maintain and kill gas efficiency
@@AutomotiveAnonymous208yeah but none of the brands you listed make basic trucks which a worker or average person would need to perform utilitarian tasks in which they'd prefer a truck and want an open bed.
@@AutomotiveAnonymous208 Mazda is still in business?
@@TeensierPython Ford owns it.
landcruiser with the overworked 4 cylinder will NEVER last as long as the landcruisers are known to last. never. shame Toyota, shame
I saw a black one driving around today and it did look good! But agreed, not my favorite powertrain, especially at 60-80k…😬
Part of it is government regulations. Makes about as much sense as diesel exhaust fluid. It’s crap!
We may have inflation here in america and its all over the world BUT we have a serious GREEDFLATION problem in america that has taken root and does not seem to be going away.
Greed is running rampant and its not just car dealers its almost everything now the inflation we have at this point is coming from GREED!
There must be just enough buyers out there that still buy this stuff to keep the dealers and manufacturers confident enough to keep the prices where they are.
Ever since 2019 manufacturers have just pushed it to the moon...... this all will collapse on itself.
I like that greedflation. I'm going to start using that it needs to become the new term!
The bank is not giving car loans like that anymore.🤣 They are buried in repo's
A shocking real world example of this is the cost of windowless cargo vans which quietly keep the country working in countless ways. In late 2019 my employer bought me a new 2019 Ford Transit 250. I looked up the invoice and the cost out the door with all taxes, titles and fees was $34900. That included a cargo shelving package that I picked out and they installed! I priced up a 2024 exact equivalent and it came out to $58.800! A little over 68% increase in less than five years! Obviously my employer was able to bargain a good price on my van but they tell me no one will do that now it’s sticker or more plus they charge extra labor to install shelving. This is really hurting small businesses that rely on these vans to get work done.
That is a great and shocking example! Completely ridiculous. I’m unfamiliar with the transit vans but wouldn’t be surprised if that’s also still part of the same generation as your 2019.
In California, you would have to add another $15k for sales Tax...
Ouch 🤕
The sales tax in CA is cheaper than WA state.
We too are ran by a communist Leftist government.
Stop voting for Democrats!
vehicle sales tax in California is 7.5%. So yes, on a $200,000 vehicle, that's $15,000.
@@tamararoberson8060 The sales tax in central and eastern Washington stat is 8.7%, on the Communist Left side of the state is 9.8% sales tax.
Furthermore we are the HIGHEST taxed state on our fuel (gasoline and diesel) at .98 cents per gallon of fuel. This is because our Communist Left government spends .50 cents per gallon on other BS instead of taking care of our roads.
So Welcome to the Communist Liberal state of Washington, where the Corrupt Democrats, Lazy people and Illegal Invaders have Forced the Taxpayers into SLAVERY !
… Just like CA and every state ran by Communist Democrats
It's not just car dealers. My car insurance has tripled in 3 years, and is going up again next month according to State Farm. My homeowners insurance has doubled, and the county seems to think my house and land are 24 karat gold. State Farm says my house is worth $291,000, the tax office says it's worth $750,000 plus another $200,000 for the land. Just between insurance and property taxes I pay right at $2,000 a MONTH. I've dropped full coverage on my paid for vehicle, and have no health insurance because that's another $1,000 a month that I don't have. I'm working two jobs just trying to keep my head above water. I'm probably going to have to sell my house and move due to the taxes and insurance, but where I'll go I don't know. Thanks to all of our politicians, especially our dear president.
I’m really sorry to hear about your situation! If you don’t mind me asking, what State do you live in?
You voted for him so now deal with this.
With inflated vehicle prices, an instability economy, high food and high living expenses and much higher interest rates, many of these vehicles will just be sitting.
Hahahahaha $130K for a Dodge truck. Bwhahahahaha
Yeah! I mean I really like the TRX, but at 80K… anything more does not have any fun or usefulness ROI.
Dodge is owned by FIAT now
Dodge has always been junk.
@@justing6594 I agree
I thought RAM trucks was separate from Dodge now. Like a spinoff. Only makes trucks
They're all trying to get bailout for end of the year
And they will get the bailouts. Even the foreign manufacturers.
There is absolutely not (1) vehicle on those lots that has a value that is worth the asking price. And the reason that is accurate and the truth is really look at this video. What don’t you see? Not ONE person in any of it even looking at anything in those lots. With those outrageous pricings everyone along with myself is of the same mind; let them sit and rot before I pay that kind of money. The only encouraging thing I see there is they’re running out of people to screw over.
Well said! I sure hope the audience who entertains these prices are fewer and farther between.
I know home prices are insane, but I refuse to spend as much on a truck as I did on my house, not "too" long ago.
Yeah! At this rate in another 10-15 years I’m sure I’ll see a truck that costs more than my house originally did, which is absurd to think about haha. 🤣
I am sick of car dealerships! I won’t purchase another vehicle from any of them again.
Honestly, these big overpriced rigs have become ridiculous.. I wouldn't even look at one. I've had several new pickups in my lifetime, but no more. Nothing seems appealing, just gaudy, overdone and completely unaffordable.
Let me just pull up Craig's List in my local area. See what I get that's reasonably priced in terms of trucks. Oh! So many options. Yeah, those delusional dealers can go bankrupt as far as I care.
Exactly! But private party for the best deal and transparency. I just can’t get past all those “used” 2024 Toyotas with 02 miles going for more than they MSRP’d…
@@AutomotiveAnonymous208
Yeah, that just blows my mind.
Every day that they sit on the dealer's lot, it costs them money. While I'm a dedicated Toyota owner, the overpriced new models, plus the additional markups, can sit and rust away for all I care.
Paying MRSP is still too much to pay for a new vehicle.
$93k for a two year old vehicle? Somebody is on drugs.
Haha 🤪
Why would anyone buy a new vehicle today? In addition to all the scams, the electronics kill the potential sale for me. These vehicles can be hacked, can’t be worked on by the owner even after the warranty runs out. The government can track you. The push button / fob ignition is idiotic. No thank you…give me a good ole classic any day.
How funny when the floorplan payments come they sell the car and buy back and mark it up as used. Sciester stuff. Thieves
Yeah, and it’s almost like they’re not even trying to hide it 🫣 I feel so bad for all the people who don’t know better or blindly trust and get taken advantage of.
Apparently they do this because they can get more creative with financing. someone might not get approved for a new one, but will used.
@@user-fj8wr8jh4e I really like my car dealer. He told me "We can get financing for anyone, even YOU!"
LOL, this is so out of touch with reality anymore, all
You can do is laugh at this point.
Never buying a new car again! Ever!
They sell them to their own employees so they can keep there allocations.
there what. learn english
@@johndonovan7018I love how you tell him to learn English when an allocation is an English word and a pretty common term in the dealership world. Too bad you're rude, cause I can easily explain to you what it means, but you can get bent instead
@@sergeantspeed5941 i love how you as illiterate as him and dont understand it wasnt allocation that i was laughing at. illiterate people always flock together. good luck, you might get to the bottom of this mystery! here lemme use some slang in this post to help u read it boi
Dealers mark their new cars as sold to pad the numbers for new car sales for the manufacturer. Dealers do the same thing by taking new cars out of their inventory and assigning them as service loaners but count them as sold vehicles for Toyota. Usually, this is done for vehicles that are slow movers.
I personally think that this ridiculous pricing is done on purpose. The people that run everything don’t want us driving and using resources. This is speculation of course. I would like to know how dealerships are staying in business. Where are they getting their money?
People are done with subsidizing the EV dream.
The word is out...
1. They suck when it's cold.
2. They suck for towing.
3. Range anxiety is a thing (a big reason why hybrids are popular).
4. Aside from Tesla Superchargers, half the chargers don't work.
5. Charging stations are now getting hit by thieves ripping off the cables for the copper. See #4.
@@wildbikerbill6530 Yes, but EVs will save the planet and universe and the West African mud sucker fish and the Socialist Democratic Party and stuff.
1. Most EV owners fail to preheat their battery before charging in the cold. Pre-conditioning warms up the big battery, allows faster charging and a longer range. Just need to learn how to use the technology.
2.Most people don't tow. So there's a market for tens of millions of EVs. Most pickup truck owners don't even tow.
3. With ranges of 300 to 400 miles, there's no range anxiety, especially when the vehicle is so smart that it tells you hours in advance the cost per kWh for electricity, when and where to charge, how many miles of range and how many stalls are available while also routing you with navigation.
4. True. Superchargers are great. Most people charge at home 351 days or more per year.
5. Also true, but they get fixed.....and most people charge EVs at home. Can be done while most people are sleeping and the grid has excess capacity.
EVs get charged at home using about the same power as a clothes dryer, electric range, water heater, hot tub or heat pump HVAC system.
And, the charging is mostly 2 or 3 times a week for about 2 hours.
Superchargers get used a lot, but most Americans work 50 weeks per year and are commuting with their vehicle. Then they take regional trips near home on the weekends. Perfect for owning an EV.
One of my best friends was murdered during a robbery at an EV charging station in our Target parking lot. The perp shot him in the back😢
Until price is lowered, they will likely be parked in that lot for a L O N G time. Who do think they are making these vehicles for? Must be the Rockefeller editions. Personally, I’ve never met a Rockefeller.
Lol 😂
Even if I won the lottery I wouldn't pay these prices. 125k for a truck? I couldn't even fathom.
what if you won 2.1 billion......
Paid 43K for my 2017 RAM Rebel. I lost my job in 2018 and luckily, I was able to hold on, but if it was 95K, gone!
I hear you, and I’m glad it all worked out. It seemed like once the TRX came out the Rebels also shot up in price. 🤦♂️
The reason the prices are going up is because THE DOLLAR IS GOING DOWN IN VALUE!! That is the basic fact of inflation . More money is created out of thin air than ever before! The end result is prices go to moon and the total financial system collapses. A reset is ON THE HORIZON.
ABSOLUTELY 100% CORRECT!....
THANK YOU..👍
This is true but manufacturers have also increased base prices to capture a lot of the markup dealers had been making. So Keynesian mismanagement of the market and crony corporate greedflation.
True but at the same time there’s a lot of greed in this business.
Well said well said
It’s not inflation. It’s a devalued dollar. The Roman’s did this by adding copper to their coins. Nothing new in two thousand years.
That dealer is ripping off all the Yota fanboys 😂
Yeah, exactly lol! 😂
the new landcruiser is the biggest scam. im going to troll so hard
@@johndonovan7018 especially those cloth manual seats 🤦
@@RS-ft7nv which i love but not for their price
My wife and I make $150k AGI. We would never ever even think of buying any car over $40k today. Our previous most expensive car purchase was a new $33k Honda Odyssey in 2014 and that was a hard pill to swallow. We still have that today with over 140k on it and plan on keeping it until something catastrophic happens or we sell it to a needing family member or friend for a cheap price.
I hear you. Making 150k doesn’t actually feel like as much as it sounds, especially in current times. Just for reference Dave Ramsey even says not to buy a brand new vehicle until your net worth is 1M. Now that’s something to think about.
I just tried to do a deal on a used truck. The dealer claims they paid too much when they took it on trade in. It had multiple moderate accidents, rust, and usual wear for having had multiple owners. They said they were in it 3k over the correct dealer MSRP. It was a fight to get them to knock $800 off asking, I just walked out. I'm not going to enable this ridiculous behavior. As I left the sales manager made unprofessional remarks. The truck had been on the lot for months, I will probably sit for many more months before they finally mark it down 3 or 4 grand for it to sell. Meanwhile they're paying interest to have it sit when they could have just sold it.
🤦♂️
I wonder how many Americans can afford a $2000 dollar truck payment. Those 1% ers going to have to purchase 3-4 of those trucks each to take down that inventory.
Exactly, lol. 😂
It is like the prices followed the price hike for parts, land rent increase, overall production.
What didn’t increase is wages. And here we have price to wages gap, same with housing and groceries. Economy is in deep s**t currently
The greed of these companies blows my mind!!!!
We need to stop paying these prices for the greed to go away.
Nothing is over priced, inflation affects everything. Thats what happens when you print massive amounts of money. But hey at least everyone is safe right?
Nailed it. No one complains about the U.S. Government spending and printing. Crazy. Inflation is THEFT by U.S. Government. THIS is what happens and sheeple only complain about vehicle prices, NOT what the REAL problem is!
Money printer go brrrrr!
1 trillion in interest payments every 100 days. Unsustainable. And the psycopath uniparty is doubling down on stupid. Or you could call them sociopathic overlords of society
Turns out Covid 19 was a Darpa program to get everyone to tax the vaccine. Didnt make us safe either.
Wait till December. These $100,000 cars will be at least $30k off. The last 4 years the Manufacturers have been making more per car and sold fewer cars but have made more profit. Those times are over.
4 cyl turbo 4runner wtf??!😮💨
Lol. It stinks that your options are either the 4.0 V6 which is a bulletproof but under powered gas hog in the 2024, or questionable reliable little 4 cylinder turbo in this all new generation.
@@AutomotiveAnonymous208I happily pay the gas for my wife’s 2019 while passing the repair shop every day.
Just wait 1more yr..... they will be paying you to buy an F250 Im just waiting
They shiuld already be paying people to buy a Ford, there should be no takers when pretty much any competitor on the market makes a better vehicle.
Mavericks should be $20000 like when they first started to sell them.
Absolutely! Especially when you consider the fact that they’re unibody crossover based and with a pretty simple interior.
I watched the price of the first Dodge truck at $124,360 at 45 seconds into the video.... and realized my eyes were literally popping in amazement looking at the screen. Absolutely UNBELIEVABLE asking prices for a truck. I live in Cali and just bought a 2015 Porsche Cayenne (zero rust - zero surface rust) with admittedly 140K on it for $15,000. I've researched the Cayenne and apart from a few known issues - the main one being the transfer case, they're a really good car. It looks like no one has ever sat in the rear seat in the one i bought - it's immaculate and drives beautifully. Even if it needed major engine work (the 2015's don't have a history of that) in the next few years, I'm a million times better of than the person that buys that Ram. Wow - crazy prices.
That’s awesome! You bought a good used car and did the research to learn what potential mechanical concerns to look out for. 🙂
i enjoy your rapid fire commentary with vid inserts. would enjoy an interview of people who buy these and what did they actually pay.
Thanks, I’m glad you liked my video, and thank you for watching! It definitely would be interesting to hear their perspective and how they felt about that decision after the fact. 🧐
It’s not the fact they are so expensive, it’s more so that inflation and worthless dollar are also effecting prices.
Best part. "Jeep Willis"....Bro pronounced it like Bruce Willis.
Sorry to do this, but you didn’t give me much choice. And honestly I only know that because I filmed a review video of a 2023 Wrangler Willys last year, lol. Thanks for watching! 😉
Willys (pronounced /ˈwɪlɪs/, "Willis"[2])[5] [1] was a brand name used by Willys-Overland Motors, an American automobile company, founded by John North Willys.
I'm glad you pronounced Willys correctly.
Thanks, lol. 😂
How much cost to manufacture a Wrangler? Basically a tub bolted to a frame.
Hahaha 😂 That’s a great summary and exactly what my experience felt like when I reviewed a 2023 Wrangler Willy’s last year after having not driven a Wrangler for years and then having some experience from all the reviews on my channel. I will say the 392 Wrangler I drove a couple months ago was amazing, but still a very raw/sketchy combo. Thankfully it was full time 4WD because otherwise that thing would not accelerate in even a mildly straight line. 🤪
Is the house and garage included in those prices?
I sure hope so, lol. 😂
That Toyota dealers is shady af
When I worked at dealership, if new car dept was like 3-4 cars away from their goal, they would buy them for the used dept and then get $Xxx-$x,xxx bonus for each new car sold that month.
Very insightful! What dealer brand was that, if you don’t mind sharing? I get they want to make easy money, but ethical practices are better in the long run.
@@AutomotiveAnonymous208 that was Chevy, Nissan, GMC, Buick. It was usually a manufacturer goal, like 100% of last years Silverado sales, then a bigger bonus at 110%, 120% etc.. at some dealers, we’d sell 25 trucks and get an extra 1,500 a truck. But at 24 trucks, might only get $750 extra per sold.. then the “used” become CPO and get better warranty than new.
Give it 6 more months and the dealers will be begging consumers to buy and 30% discounts.
I sure hope so!!
It will be interesting to see what the end of year deals are. They certainly won't be wanting to pay property tax on all that inventory.
The U.S dollar is on the decline , when people stop buying there going to either go out of business or make these vehicles more affordable
The US dollar has actually increased in value over any currency in the world over the last 3 years......
@@1eyedwilli3But not it’s purchasing power, that has gone down.
@@stuartstuart866purchasing power in USA decreased more than in any other country in the world. Prices in the USA are completely out of control...
@@1eyedwilli3How do you figure? Does your US dollars buys you more groceries, or pay more property taxes, or pay more insurance, today then it did a few years ago?
No body wants that stuff.
On top of the outrageous price and interest rates, the fuel mileage sucks and the insurance rates are through the roof! Very few can afford such nonsense.
sales are up so keep coping. people have a lot of money
WOW those trucks at the start of the video cost more then my parents home when they built it in 1994. You'd think they are luxury sports cars that movie stars would drive to an Awards show just to show off.
Isn’t that crazy!? 🤪
Lets thank those 70 dollar an hour auto worker unions for this!!
130k$ for a truck? Lol
Ahhh.... Infinite growth. It's great! Except when it isn't. The big corporate car companies forgot who their customers are.... Their "customers" are not going to pay 100,000 + for a pick up truck.
They've advocated for keeping middle class incomes low for 40 years, and now they wonder why no one can afford their products any more. Who knew?
They are removing only rhe mark up after the mark up😅
They expect us to pay 2 times what vehicles are actually worth these days and have them built in Mexico where quality goes to die!
Many people don’t understand that a significant part of those very high new vehicle prices are out-of-sight costs imposed by government mileage efficiency requirements. Those “fines” are in the BILLIONS of dollars and are being imposed on the manufacturers . The manufacturers aren’t blameless for ridiculous pricing. But the federal government is part of the problem….and it’s intentional!
Bingo!
They are forcing us to fund our own collapse.
This is just crazy. I bought and had my first new home built in 1993. A nice little cap cod for $64,500. Now, this much for a fricking pickup truck that might last 75,000 miles before something catastrophic breaks. I wish Mazda would being back a truck as their vehicles seem to be priced relatively reasonable with a bit more reliability than most brands.
I’ve reviewed a lot of Mazdas and also agree they’re a well built vehicle. But their most recent pick up truck was actually a rebadged 3rd gen Ford Ranger. Which was in fact surprisingly reliable haha.
I bought a new work truck a couple months ago, other than that i havent shopped trucks in years. I had no idea they had gotten over 100k. America has been a consumer economy for many years and it’s starting to catch up with us. Our incomes are not keeping up with inflation. America is going to have to make some hard choices, one being to lower their expectations . Manufactures follow consumers wants/needs, consumers should learn to love fewer options, in every part of life.
Great insight and perspective of the unfortunate situation. The next one of this type of video I will post has a couple minutes of footage from this video as examples, with the majority being me and a 2024 brand new work truck that I use as an example of what trucks use to be about. It’s crazy that only Ford and Chevy now sell a regular cab half ton truck. 🤦♂️
Anyone living in the pacific northwest looking for trucks and SUV’s, should go shop out of state and save $$$$!
The used Toyotas are holding value because not many people trust the new engines
That’s for sure. 5th gen 4Runners hold their value better than Gold, lol. 😂
I wonder if the automotive business model of catering only to 17% of the market is still working? The remaining 83% don't matter, since they are priced out regardless of want or need. I guess they ran out of suckers willing to grossly overpay to support the EV development.
How much longer until these Stealerships are bankrupted by floorpan costs for all these vehicles sitting on the lot for over a year?
That’s a great question. I don’t understand how this is sustainable. But it does seem like videos like this are working to help more of the general public become aware of the shadiness and lack of value found in these over priced vehicles.
Dealerships all across the country we’re paying really high prices for used vehicles because they couldn’t get new vehicles during Covid the used car market dropped out, and now they’re trying to recoup their losses
The most important thing is hold the line gentlemen. Don’t jump and start buying once the prices get below MSRP. Bring them to their knees and let them dissolve in bankruptcy. Then go to your local credit union and get approved to buy something. Preferably on the used market
MSRPs will have to have an embarrassing rollback in ’25
I mean look at what Teslas doing. The model Y performance is over 10K cheaper than it was 2 years ago, and currently can be financed at .99%. I know everyone’s not a Tesla fan, but other big companies can learn from their business model and ability to reduce prices as they become more efficient.
Cyber truck is literally the ugliest vehicle ever made. Makes the Pontiac Aztec look like a gem.
120K. That used to be a 30 year home loan.
I have heard that dealers will sellcthe truck internally through sneaky accounting to help manage costs.
I wish i could remember more ofcthe mechanics as it was explained to me.
That sounds like the sketchy stuff Wells Fargo got in trouble for doing a few years ago making a bunch of fake accounts for people, or something like that lol.
Meanwhile I'm zipping around in my 2002 Z71 4x4 in the real world. lol
Nice!! 😎