What Happens To New Cars That Don't Get SOLD? NEW Reasons
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- What Happens To New Cars That Don't Get SOLD? NEW Reasons
Our latest video helping you buy cars is all about unsold cars and what happens to them. We're breaking down the situation so you can buy your next car with ease. If you're out shopping for cars, SUVs or more, this video will help you with getting an awesome new car or truck deal.
Oh yes, and don't forget to SUBSCRIBE for more car lovers lifestyle: / @markholubetz
Man does an incredible job...
Thank you very much
@@markholubetz Great video. But bad example. IBM U.S. doesn't provide company cars to any employees at any level as far as I know. They never did. But they do have company cars in some other countries including India and Germany. I worked there for 23 years and used my personal vehicles as a field technician. Meanwhile, our competitor's field engineers did have company cars.
Did any of the 310,000+ viewers ever hear where the non-selling cars ultimately go?
There's no answers here
The car manufacturers are about to learn a hard lesson….people can’t afford 80 thousand dollar fucking work trucks.
And these are the people who actually need a truck for work. No mention of those who just want a truck so they can look "cool."
I love my 2000 3500 gmc 4x4 utility bed. Paid 8k for it 4 years ago with 45k miles
I don't think the manufacturers will ever learn that lesson. Transportation will just keep getting more expensive until the workforce becomes too poor and inexperienced to afford to be motorists. Then the rich people will buy servant robots from the car companies, instead of paying workers enough to live and drive.
Cars should never cost more than a basic home.
BULLSH_T! Your truck doesn't have to cost $80000. If it's just a work truck than you don't need all the extra features that raise the prices to $80000!
Almost all Ram dealerships are still tacking on $30,000 - $40,000 to their trucks & not wanting to reduce that dealer markup. That is why Ram dealerships still have so many 2022 & 2023 models on their lots. Nobody is going to pay $110,000 for a truck!
We need to remember this when these price gouging companies, are begging for a bailout. F em ALL!!!
Especially for a dodge
Same with jeep I tried talking them down and they said no they are selling them with markups and get this “we are selling so many and can’t keep them in stock, so no we won’t lower prices”, clearly their lying because their lot was so full
Just
Empty
Every
Pocket
@@JamesTheCarGuy Thank you for the comment. Dodge, Jeep, & RAM Dealerships must be smoking some really good dope. That is the way which they will add on an additional $25,000-$35,000 dealer markup & then refuse to negotiate the price. From my stand point the cars & trucks can rust to death before I pay that much money for a truck.
We want inexpensive, efficient, reliable cars.
Agreed
well there's no money in efficient l vehicles.
Toyotas are a good bet. Ford is a horrible company.
@@florenbaron7111 A good bet for who.... the consumer? Better than Ford? YES! But that is not saying much, if anything at all.
Toyota
Congrats. 19 minute video and you never said where the cars go. Just try to get a good deal on a car that’s been sitting. Brilliant!
I guess he got you to watch the entire video! Thanks for the post, so I don't have to watch it.
Did you watch it at the 17 mark it says where they go.
@@okbc1864 Where?
Cars never sold go to car graveyard and they let it rust and rotten!😡 rather than they sell it for cheap price or donate them to charity. Ridiculous!
Yep, just like the dealers...a bunch of hot air fluff with no payoff. Waste of time watching this
The dealerships and manufacturers would rather let the vehicle rot than give a discount to the customer.
My experience exactly!
It would fuck up the whole resale market
A used car lot in my area has a 2020 Toyota Corolla sitting on his lot for 2.5 years with an asking price of over $26,200 as he's asking more for that used car than when it was brand new. I'm not at all interested in that car as the only reason I'm watching it is that it blows my mind that he's not dropping the price on a now almost 5 year old car, and can't figure out how this is cost effective for the dealer as it sits on his lot rusting away.
That's false. Unsold inventory cost a lot in interests
During the 08-09 financial crises I went to my local Ford dealer to see f I could score a deal on their GT 500 mustangs they had a nice white with blue stripes on the showroom and it was a no go ! Not only would they not agree to a below sticker price but instead insisted they could get over sticker and he proceeded to take me to the back of the store where they kept vehicles and he had about a dozen or so mustang GT’s and 500’s and told me they’d mothballed and will try to get above asking when the crises blows over …Needless to say I didn’t budge either but I found very interesting when sales were waaay down they weren’t the least bit concerned with cutting a deal and my credit was and is superb and I make good living but they didn’t care one bit !
With so many "brand new" vehicles with so many bugs, flaws, and gremlins...it's common sense that so many potential buyers are simply not taking a chance with buying a "brand new POS."
Yes the prices are cost prohibitive
Absolutely!
Don't forget the data collection, tracking, and subscriptions that are mandatory or necessary.
All plastics
@@markholubetz Even if prices were "back to normal", whatever that is, people still don't want to buy a troublesome vehicle. So, high prices and lack of quality seem to be the double-edged sword...besides the economy and inflation. What a bad situation!
The cost of todays vehicles is and will always be the main detractor of new car sales.
Most people are keeping what they have and making it last longer
Negotiate anytime. Your the power behind the cost. Don't like the cost don't buy it. Walk out the door. Without you, the customer they have no sales and no business. That's how we force lower prices.
I agree
And then our government lectures us on the climate and environment. Supposedly they're manufacturing such complex and expensive vehicles to help with fuel consumption and emissions. What's the point of manufacturing these vehicles if they are going to become part of land fill.
Yes that does not make a huge amount of sense
The move towards complexity has been a long slow march, well underway since way before climate politics became the latest whipping bill.
In fact we were complaining about how computerized and complex automobiles had become, how they were nearly impossible to repair yourself, and how they were less durable what with the explosion of cheap plastic parts everywhere.. -literally over twenty years ago. .
There are two long-term drivers of this long running trend:
1) competition: keeping up with latest features, bells and whistles and max power/performance, and the technology and complexity that comes along with that.
2) managed product lifecycle: manufacturers intentionally designing to shorter expected product lifecycle, increasing the frequency of recurring new sales. This is done by cheapening up many parts, and a million other ways to limit the time vehicles remain economically viable to own.
I can tell you the automakers are thrilled that everyone ridiculously believes 'climate politics' to be the villain , when in reality the villain is the manufacturers themselves...
Where are you going for these government lectures? I feel left out.
@@GannDolph
Wow, good explanation, thanks!
@@GannDolph
It's had to be a slow march becausethe globalists don't want to raise too much awareness as they're vilating our natural rights and removing our sovereignty.
Climate change is the argument they're using to do it and most of the big corporations have banded together with governments to bring it about. The US is the only bastion of freedom thats able to stop them and bring about their demise and most people on the left are too dum and hateful to recognize how these globalists are lying to them, and just gobble up soundbites as the truth, without doing due diligence and vetting the news clip. Most people are lazy and apathetic when it comes to politics.
The World Economic Forum (WEF) and the UN, amongst other organizations, have had public statements released regarding these plans for years and Bill Gates is one of the major billionaire contributors helping to reduce world populations. He even has arrest warrants out for him in foreign nations because of it.
There's a reason Russia has warships off of our coast now, in the Carribean. Total world Control is the goal and perpetual war is one of the tools to accomplish this along with mass depopulation; war, famine, disease, pandemics, etc.
Make liKe a Boy Scout and BE PREPARED!
The Banks don't want the cars, just the money. They will offer dealerships incentives also. Consumers don't always get those offered by the banks. Expensive anyway so Banks could offer directly to consumers to put them in vehicles but decide not to. Great video and information.
Dealers should just be an option
We should be able to buy from directly from factory or the internet
Hopefully it would be more honest, but they are still shady sales people.
It would be a mess... I work in a gmc dealer. And most of the time when costumer bring paper with what they want to order they make mistake. Could you imagine if you could order directly from the manufacturer and you order a truck with the wrong differentiel ratio and you are now stock with it?
Here is a question. What if a car manufacturer delivered a car to a buyer direct from the factory. The car company would only have locations where you can pick up your car but they do not have any unsold cars on the lot. How much would that reduce the price of the car. They could design the car such that any independent car repair shop could fix it with spare parts available online. Could that reduce the price of a care 30%, 40% etc. Think of all the cost to operate a dealership that would be eliminated (those costs get passed on to the buyer). The pick up location could also have test drive cars so customer could drive and look at car before placing online order. Could that be a game changer business model for buying a car.
What? You don't like both sides of every mile of road in America being nothing but oceans of identical looking pickup trucks that stretch over the horizon? I love not having walkable downtown anymore because each store is separated by miles of impassible asphalt deserts. I can't wait for the new one they're building next to the one that's been abandoned and empty for ten years thats across the street from the one that was built instead of a row of affordable apartments.
Well that’s just how it used to be. Anyone could work on most any car. Talk to the a-hole manufacturers, they are the jerks withholding the information and computer codes so only they can work on them at greatly increased prices.
Oh and you used to be able to take delivery at the factory but all it saved you was the destination charge.
@@dzhang4459don’t be daft, nobody builds affordable anything anymore.
In an ideal world, yes. But in the real world, no. Such as if you’re a business owner & operating for 50 yrs then you know what works best for you, no one should tell you how to run your business. Car manufacturers has their business model which works best for them, they constantly try to juggle profits, outputs, demands, competition, cost, new trends, laws and supply chain issues. Their #1 goal is to sell, to look good on Wall st, keeping their stock holders happy first. They have a much larger picture than what we see.
When we bought a vehicle in the 1980s using the Consumer Reports auto buying / printed out information on the model we wanted - (basic items and such) that made a huge difference in seeing the dealer cost, mark-ups, etc., I'd do that again -- We saved a ton of money that way.
Very true
We want simpler cars with less electronics. 1980s, 1990s and 2000s were steadily getting better without crap attached (digital screen, chipped keys, electronic power steering assist, etc.). i want a CAR... not an expensive item that is as complicated as something NASA would build.
Exactly
Wow, so the dealer would rather give a better deal to employees or big corporations than an average person wanting to buy a new or used vehicle and that's how the rich stays rich and the poor stays poor
I'm a security officer and work at the BNSF railyard and auto lot in Northern Illinois and the auto lot is the size of at least 2 stealership lots and the lot is almost constantly full of trucks picking up and dropping off vehicles and the trains also are picking up and dropping off vehicles and after watching your great videos, I wonder to myself "why are they moving so many vehicles when the stealerships aren't selling them??💁♀️🤷🤷
Yes that depends on the type of lot that is but those vehicles could be coming and going to different lots for traces or sales, probably new from factory, among many other destinations.
@markholubetz that's just my point, if the vehicles aren't selling, why are these trucks and trains hauling cars to and from dealerships and from the manufacturer
austin tx off i35 s of austin you stuffed full. evrn have open fields with trucks. dont understand why dont give incentives
Stealership, good one
The question was "Where do new cars go if they go unsold?" The question was never answered
??? Yes he did. Starting at about 5 minute mark until the end of the video.
I thought the same thing. Where are they? I am at the 12:00 mark and heard that the dealers buy up some and end up making them used cars but the question I wanted answered was not answered...
They just stay at the dealers it was sent to in the first place. Once it's on a dealer lot, it's the dealer that owned the car. It's his responsibility to sell it.
Scraped for parts and or sold overseas.
@glrnnel5050 no... the unsold car are at the dealers that ordered them. They are sometimes stock with them.
I used to have a part time gig driving dealer trades back and forth from one part of the State to the other. Drove a new vehicle over and a different one back. It was fun but I think today it's all done with hot shot transporters
They destroy them all. Because they can't give them away and they can't lessen the price because that would crush their next year sales.. $70,000 for a base entry level pickup work truck is absurd.
That’s truly not worth it and I am sure there are many getting sent down the road as a result of not selling
Stop with the technology already if it’s electrical.
mechanical tech could be turbos, superchargers, modern tran like CVT, DCT etc
Electrical is Fine if buying Non Euro or Korean Genesis...Gotta say I honor / appreciate the HUD / info 0n the windshield / in your face.....(never wish to be without this) additionally big plus on surround cameras and safety check / car stops if senses Lil Johnny...JUST buy the Tech on a LEXUS.... and you are gold!
Yes! They don’t do it well in any case! How about this: cut out all the cutesy crapola and make the basic systems bulletproof. Like you used to do. Power windows and locks and the like that last 10 years at least. Switches and windows and door hinges and handles and all the other systems that will just need minor maintenance for years. Build that and we will beat a path to the dealership; if they don’t screw up and gouge us on the prices
@@markholubetzplease take the cvt, turbos and most of what you mentioned and keep it! Except for higher end applications and where dead reliable. By dead reliable I mean for at least 60 per cent of the life of the vehicle or more. It used to be that many engine/trans combinations would last 2 to 300,000 miles without a major problem.
The dealers or more so the manufacturer don't give a sh8t about selling the old stock at car grave yard prices. Most dealers don't actually own the inventory but rather operate on a floor plan financing option where the cars are basically under consignment or sorts from either the financial institution or manufacturer. The new car dealership monopoly is a total scam.
You really do a great job! These vehicles have so much BS on them with complicated electronics, turbos, CVT transmissions and other things that I would never buy them no matter how much they reduced them. 2004 is as new as I would ever go. My newest is a Saturn Vue 5 speed, 4 cylinder with 230,000 miles and I love it and I looked a long time to find it and it's from the South. What do you think?
I've got two of the plastic Saturn "S" series. Take care of it and it will last a long time.
We have,a 2004 toyota suv ,81 k miles on it, did some maintenance, painting, undercoating the vehicle drives like near bran new for less than 20% of a new one. Today's vehicle quality is absolute garbage, very cheaply built that will last to the end of the warranty period before thousands of dollars worth the work will be needed ,let alone the huge depreciation and insurance costs. were done with new vehicles, it's way cheaper to maintain what you have.
But you can buy it from the manufacturer with out the extra stuff the dealer adds to up charge the price. Don't need leather or radio
Believe me, manufacturers, dealerships, management and workers are always worrying about their jobs. So are the stock investors. It is not as easy as it looks in this ever changing world.
A couple months ago i went to a dealer that had a new 22 Jeep Renegade and a new 22 Fiat 500X. I thought i might get a huge discount but the dealer was still attempting to sell them for around MSRP. I test drove the Fiat and the tires had the flat spots you talked about. I was shocked at the failure to discount these old cars, especially since I was most likely the only customer interested in them. I blew the whole idea and instead bought a 24 Malibu RS that was discounted and rebated at a price well below the 22 Renegade and Fiat!
Do not buy a Fiat or Jeep product, unless you like to tinker and fix things on a fairly regular basis. Or you don't mind the vehicle being in the shop a lot.
There was a load of 100s of brand new cars unloaded off the ship and parked right at the shipyard at the south end of the Seattle waterfront. Been there going on 2 months now.
It occurred to me, that they might not be the same cars. It could be they unload, cars leave, new cars unload.
I just need to find me an older pre computer truck to fix and drive. Screw the stupid computerized gadgets that break down with out a reboot option. The older stuff ran great and didn’t need a degree and special tools and computers to work on
You are absolutely right
I have ALWAYS wondered what happens to cars that people don't want to pay for. 😂
There is an "end of the road" for some of them
I’m in NC. The Dodge dealer near me has at least 50 Chargers. Everyone has a market adjustment sticker on them along with ceramic coating.
In south or North Dakota some dealer had cars from 60s and 70s that were sitting in a field and were brand new
They had a auction and sold them
Oils sitting for a long time in a sealed system (transmission & motor) do not go away!
The reason for 5,000 miles or a year is. If the person put only 200 - 300 miles on the vehicle in month, would in most cases be short drives. Thereby not getting the motor up to operating temperature for long enough to get rid of the moisture in the oil. The moisture can form acids. The year then would come before 5,000 miles is traveled. If these were 30+ miles each trip. Then the 5,000 mile oil change would make sense. The time factor is relative here, to how it is driven.
You are totally right and that can be a serious issue for mechanical parts, the longer they sit.
All this sounds believable. However, I went to Seneca, South Carolina Jeep dealership that had over a 100 new jeeps wranglers on the lot ,they had a left over new 23 Sahara. it was sale priced at 43,5k, but when I got there, they said they could only find it for 46,5k. Then the sales manager came over and told me that it would cost me 51,5k out the door. Mind you, this Jeep was produced 12 22 and had been sitting on the lot and getting lot rot all this time. That's almost a year and a 1/2 . they could care less about selling this Jeep at a discounted price. A couple of $1000 off of a year and a 1/2 old Jeep is not a deal. funny thing, there were 2 people on this massive lot at 1:30 Saturday afternoon. My wife and myself, nobody else in sight. These dealers could care less if you buy their car or not.And the sales manager told me that that g probably would go to the auction.😮
That’s a great point. There are always creative ways to try to sell less than desirable vehicles but even with those creative ways, there are still a few that although the cracks
Correction: The bank is going to send it to auction. Which is what the dealership wanted to prolong any repossession plans on their lot😂
'So we at Ford are gonna put a three cylinder engine into a seven thousand pound Ford Excursion, and it will get one half extra mile per gallon'. (Although the turbo on that little three cylinder mill will burn it up within the first 3 years and require a computer engineering degree and 5 miles of plumbing to work)
Just wait until the vehicle system kill switches are installed at the factory. Sales of new will plummet ... to zero. Old used cars will be cherished like your current Ram. Cheers.
Crazy, crazy idea.... This is gonna sound crazy... Call me crazy but imagine if you could like, place your order for something at the auto cartel's website , exactly how you want it, click add to cart, enter in a promo code so you can feel like you got a deal, and it's produced and shipped off to you, 6-8 weeks later without sitting around rotting on a dealership's lot. Totally bypassing the franchise dealerships altogether and their needs for profiteering. If it needs service you just take it to an authorized service garage.
Thanks a lot for sharing, that’s an interesting proposal and who knows but anything is worth a try
Just try to get proper warranty service or proper setup. Bon chance
@@markvincent5992 try that now tho. Because they all have to get approved or some proof of a failed part. I had to go to 3 different Nissan dealerships just to get a replacement starting battery because while the meter showed 1.2v not 12.0 but 1.2 the Renault computer showed it was a good battery. Finally I found a service writer that got it to fail by using a known faulty battery. And that's not exclusive to Nissan.
I always wanted to know this. Cool and very informative. And without being long drawn out and boring
Thanks for watching
Tires are NOT rated for “8 to 10 years”. At the 5 year mark they need to be replaced - especially if you do a lot of highway driving. Ask me how I know…
Well a lot of dealerships in Dallas tx will not sell these cars for cheap.they charge to much money just to get them off the lot .because they no you desperate for a car .
That was a nice tutorial video about the auto business. Was affiliated with a dealership. Went to dealer auctions. Picked up some good deals for resale and for use in an affiliated business.
.
Still won't be able to afford a 500 day old new/stock. Dealers sill don't understand that old is old.
Would dealers like it if all customers just ordered the vehicle, arranged financing and waited for it to arrive, take possession and off they go? That’s what I do for all of my vehicles but I suspect the public wants to buy off the lot right away and not wait so they have to maintain an inventory.
Thanks for sharing
Some won't order to spec. They only will sell off the lot.
@@stevereimer5254 I like Ford for this. As a pickup truck has many different configurations, they never once resisted ordering any of my vehicles from the factory.
@stevereimer5254 it's because sometime you need the right allocations. If you want something special and the dealer don't have the right allocation, he won't be able to pass the order. If you want something that is more common, it's probably be on the lot our on another lot.
Its clear that dealerships are also hindering manufactures from moving inventory by keeping high markups, fees and extra charges in place. Any supposed discounts they are currently offering are still just chump change compared to the actual total sale cost. 🧐
One of the used lots that I'm watching that sells work / commercial trucks just went out of business and started up under a different name a couple of months ago. I can remember some of my used dealer customers doing that back in the early 90's and again in the 2000's when the economy tanked in BC.
Yes that’s almost inevitable in this market. Almost the perfect storm
They'd rather dismantle these vehicles than sell them at low prices to Americans who need an affordable car. Since the government has its nose in everything, why don't the come up with a program where they partner with car manufacturers/dealers to provide needy Americans with these "unwanted" cars?
My last two new vehicles were a Truck that I ordered from the factory (long bed), and a car that had just arrived and not yet prepped, having the shipping covers still on it, but was the top of the line trim package❗
You just added new meaning and depth 2 the word amazing , new sub here .
I want a regular cab pickup truck, preferably a 4 cylinder Toyota, manual transmission, 6 foot bed. I do NOT need a 4-door truck. I have never needed a 4-door truck, never wanted an xtra-cab truck either! I just want a regular cab pickup truck, 4-cylinder Toyota, manual transmission with a 6 foot bed, only option would be air-conditioning. I don't even need an FM-radio! Build it like you used to build it TOYOTA. Don't shove the sissy-style Tacomas you are currently building! Build a real working-man's truck! I can't find a truck like this. What is so unusual in what I'm asking for Toyota?
Sometimes keeping it simple is best
You can get that in every country but the US bc it pollutes too much for its weight. But its fine to buy a RAM truck 3 x the weight with 1/2 the mpg. Stop supporting fake environmentalism.
It just won't sell. Regular cab don't sell anymore. When we order the at our dealer, they are always the ones that take most time to sell. So we keep only one in our inventory.
Stellantis claimed they will continue their hemi as their straight 6 isn't doing well.
That is totally savage
New cars aren't selling because of pushy salespeople, ridiculous mark ups, overall outrageous pricing, and every single brand new car has issues. Even Toyota is having problems with their new engines
I bought my 18 Corolla from Carvana, and I couldn't be happier with how they do things
Electric vehicles are total nonsense. Making a battery requires Cobalt, Lithium, and more. People should research the energy (fossil field) that is required to mine these minerals, where they are mined, and so forth. forget range anxiety. I don't want to be sitting on top of a huge battery. At least the gas tank is in the back.
Great sensible information. Thx Mark.
Early 1980 Jeep sent out a very good deal to anyone that had a licence to sell vehicles. A friend asked me to go with him and three others to Toledo Ohio to pick up five jeeps; at the factory. I couldn't get away at the time but that's how Jeep got rid of what they could not sell by usual ways.
Use the non selling cars for the world series demolition derby. Pay per view, weekly matches, no rules. You're welcome for that billion dollar idea
Hey I like it. Great idea
Would work for a few hundred cars, but hundreds of thousands, too many cars, it wouldn't be profitable.
Awesome smart review thanks for the knowledge
Thanks for watching
Quick question! I need a larger SUV. My favorite is a 23 Lexus GX v8 version.
I know, right now, that’s not an option.
What’s a great SUV to lease that’s larger that has great deals..I’m think a Stellantis vehicle..but I have a dodge and I hate it because they don’t last.
My husband. Says with the interest rates so high on a used car, why not look at a new car.
I don’t want an electric vehicle. What’s a good Medium to Large sized SUV I could get a great deal on?
I need leather and heated seats …I live in New York State.
Any recommendations?
Hi, there a a couple options that come to mind and the first is the outgoing Lexus GX460 (v8) and not the new gx550 as they have those engine issues right now. Infiniti has the large qx80 or the Nissan Armada are the same vehicle as the Infiniti. For incentives the big 3 have the best but the quality is the worst. Steam away from Yukon or Escalade due to quality issues and the Stellantis has the Dodge Durango but they are not well made. The Jeep Wagoneer is an option but a bit pricey too and quality is not as good as the Lexus. For something a slight smaller maybe have a look at the Acura MDX as it’s built better tha. Most of these other vehicles.
@@markholubetz what about cheaper lease deals on something I’m not keeping? Any good screams deals out there I could get? Credit score is 700
Be honest, you don't "NEED" one, you WANT one. Anyone who says they NEED a Lexus is just fooling themselves more than anyone. I'm also in New York and I grew up when I hit my teens I found I don't have to be pampered ever day of my life where I NEED leather and heated seats. You WANT leather and heated seats. You must live a dense life of heavy delusion. Some people make bad and entitled friends.
@@tooltime9260 Well…we are third generation showing and breeding champion/rescue PWDs. For a Tool vehicle we need the room for the 4 large dog crates and they fit perfectly in the Lexus. We drive over 100K miles drive each year. As someone with 4 destroyed and “fixed” discs in my neck, mid back and two in my lower back, the heat is the only thing that gives me comfort, and the seat comfort helps with the driving. I also have Raynouds in my hands. We have had mini vans /sprinters ,over the years, but drove my friends Lexus when I was in Arizona and knew this was the investment I wanted to make for my health and comfort from the constant pain I deal with daily. So yes, it’s a want, but now, as I have been doing this for many years, it’s a need, so I can keep this going. I don’t want to stay home, I want to keep doing this thing with our PWDs and our family.
🐾🐕🦺🐕🦺🐕🦺🐕🦺🐾 What say you @tooltime9260
A car dealer can adjust the price about 10% on a new car....... So the not selling cars are bigger bargain then that... Or will a dealer scrap a new car rather then selling it dirt cheap!!
If I were going to spend 95,000 on a vehicle, it would be a '69 Camaro. Yes, they do exist.
Yes I would buy any Chevy from the 60s or early 70s
Own a 71 Chevy c10 still runs and drives great and I can fix it myself
Unless it's a CAPO, it;s a waste of money. My boss back in ;73 had a '69 Camaro with a tricked out engine and bland body. Real sleeper. He fed his ego with it.
As a new car dealer selling new vehicles never been titled you have a lot of restrictions. You don’t have the freedom to cut the price half to get rid of it.
So in order for you to go around this is to title it somehow and resell it as used now you have the freedom to sell it with price it suits you
Supplies and demands..they are testing how far they can push customers with prices or can get away with.
Yup, Tesla's non stealership way of doing business is a 10x improvement in smoothness and transparency. Non scammy like stealerships. No-ICE.
I would agree with that
I CAN REMEMBER MY GRANDPARENTS TALKING ABOUT THIS KIND OF THING AND I THINK THEY WENT DOWN TO FLORIDA AND SOME PLACE IN CENTRAL FLORIDA THEY WERE JUST CARS THAT ARE REALLY BECOME CLASSICS SITTING OUT IN THE FARM FIELDS
I think you have a general knowledge about this, but not a detailed knowledge. White cars are not "boring". Neither are silver or gray. White is the most popular car color, followed by black. White, black, silver and gray cars make of 70% of all cars on the road today. An oil change when you sell an old, new car is a good idea, but other fluids are fine. Having tires with only 8 years left on them isn't a problem for the average person who buys new tires every 3.6 years. You also don't go into any detail about who is sending cars to the graveyard. You're implying that the manufacturers are doing it, but what about dealers? What do they do with unsold cars? I can't imagine that individual dealerships are sending cars to 3rd world countries. You have a nice presentation, but I can't really say I think it's accurate or digs deep into the topic
what percent discount would you consider a tremendous deal on a $63k vehicle that's been on the lot for one year ?
40k if it's a truck, 35k if it's a SUV, 32k if it's a sedan, $500 bucks if it's a Nissan. I'm also assuming 63k is including a 7k markup due to 'market adjustments'.
@@RichieRich7339 its a bronco ..no mark up msrp
I would like to see some of these popular cars come 70' Duster, 70' Fury, 68' Barracuda, 1960's Pontiac Catalina, 68' to 70' Pontiac Gp, 72' Nova/Pontiac Ventura, 72' to 77' firebird Formula, 73' Grand Am, 73' to 77' Cutlass, 72' El Camino, 55' Chevy, 62' Savoy, 72' Grand Torino Sport, 69' Mustang as long it pass today crash test and look like that year of car. Miss old cars and old engines.
Does it matter what they do with vehicles that they want to charge 2x-5x their actual value for? I mean they are selling 4 cyl jeeps for over 60k. No value in these new vehicles.
Apparently the tesla cyber trucks that didnt sell got put in the hood for storage un Ft. LAUDERDALE
Thanks for sharing
When a new car goes to an auto graveyard, is it sent there by a dealer or the factory? If a model is not selling, why keep building them, why not shut the factory down until sales catch up?
Once it hits the dealers lot the factory is shed of it. It belongs to the dealer, who pays for it by financing it with their floorplanning bank. Every month the dealer has to pay the interest on all of those vehicles. The factory meanwhile just keeps cranking out more vehicles, because if they stop production the unions will go crazy that their workers aren't getting paid. The manufacturer will give some incentives when lots get overfilled, as they are now, but dealers are in a bind. These vehicles that have been sitting for months or even years have cost them a fortune in flooring interest, which right now is between 7% and 10%. Think about that, a $90,000 truck that costs a dealer $80,000, after sitting for 6 months has cost the dealer $4,000 in interest. If they dump it at cost they're still losing money. The dealers around me just aren't cutting deals at all, a $95,000 truck you can get $3,000 off. If you have a trade they'll offer you $15,000 (or more) under what they'll sell it for, because they're so strapped for cash for their interest payments. Plus they are selling cars here, nobody other than the Dodge dealers are not selling a lot of cars. I live in an area with a massive illegal alien population, and banks will finance an illegal even with no drivers license, verifiable income, or credit history if they have enough money down. Every one of these sales is going to be a default within the year, but the banks keep financing them. In many cases they'll never find the vehicle, which is one reason the interest rates here are as high as 20%. But the dealers are rolling cars, that's all that matters!
Jeep is just going to go bankrupt I guess. They don't budge on vehicles over a year old more than like 2k. It's just INSANE.
Jeep is living on there past glory, will fail soon.
Next video, how to get the dealer to sell you the car for half price instead of taking a loss by sending the car to a car graveyard.
They seem to proud to do that
I have a 2012 Subaru Forester with a double DIN radio deck. A two year old “new” car wouldn’t bother me one bit. Even if I had to buy a new battery and a set of tires. I’ll be in the market in 2025.
I would NEVER buy a car that's been sitting on the lot for 2 years and never driven.
When ever I want to protect my car from theft, I always ask the guy who currently trying to steal it, what would the best way to prevent it from getting stolen...
Remember, hit the like and subscribe buttons, or he won’t tell you where the cars are going!
It's clickbait. The cars don't go anywhere. It's the dealers that owned them. It's their responsibility to sell them
The public doesn't want turbos or hybrids. Pure electrics are fashion accessories for people who already have real cars.
VERY few people are buying the "HUNDRED GRAND WAGONEER". They cost as much as my house, and may throw themselves into reverse at freeway speeds. And nobody wants the $40,000 Dodge Hornet, which really just looks like another Buick Rendezvous.
You would think but those are increasing in sales for the brand oddly enough
It's harder to get a vehicle cause they so over price and the company doesn't want to drop the price of them and the prices get higher and higher each year now
I'm not a big fan of EV's, but if Tesla releases a model that has a quick charge time < 20 min for a full charge. I'll never go to a dealership again. I'm glad Ford announced end of dealerships in the last month.
Yes that’s a win for the consumer if they figure out the service aspect
@@markholubetz By service, you mean repairs, maintenance, etc? Ya I don't know how good (bad) Tesla service is because I don't own one. If it's bad, hopefully it improves over the next decade when it comes time to get one that meets my requirements.
Want to know how much your car is worth, have the insurance company assess the vehicle if it was totalled tomorrow. That's what it's worth.
enough with the turbos too!!!!!!!!
17:08 is where you get his take on what happens to cars that aren't sold. Only a car dealer could give a definitive answer.
Every one is watching this video and he is making money I just got my new jeep wrangler and payed a arm and a leg for it
Thank you for sharing. Which model and how much did you pay? I know they are pricey
Was it all worthwhile paying soo much for your Jeep? or dream Jeep?
How can you tell how long the vehicle has been on the lot? Is it posted on the window sticker?
Check the date of mfg on the driver door jam (where the vin no is 👍🏼
That's true. I bought 2024 Laramie level 2 for 58k, was 72k
If the dealership sold a year old car at msrp its still not a total loss for the dealer ! Better to somehow shuffle the paperwork to break even or sell the consumers accessory's and tech they dont really need !
If a dealer sold that yr old car at mfsp he woukd still make $$$.
Dealers get incentives from mfgs on those yr old cars.
I believe you should have directly said the ONE thing that your long series of what happens to cars entail: that carmakers will do damn near ANYTHING rather than lower their prices for their primary market (ie US). That they simply will not ever allow American consumers to think that if vehicles don’t sell at the high prices that they will truly substantially lower the prices. They’d rather do all those ten other things before they truly lower their prices for American people. They’ll sell the cars dirt cheap to non-Americans; they’ll scrap them, before they’ll give Americans a break. Pharmaceutical companies are the exact same way. Americans need to stop waiting for deals the carmakers will never give us. At least unless we move overseas.
You're right
More great info!
By the way, there’s a massive fire at a S Korea. lithium battery manufacturing plant right now. Unfortunately 22 people have died in this fire.
Wow thanks for sharing, that’s not good
why is there a dealer protection act ? Are they endangered
Haha
Escentually those cars will end up at the auto auctions! I worked at auto dealerships, it happens.
Dealers don't care how long they sit on cars, they keep prices high till the end. They rather pay those fees than actually give you a descent deal. They just don't give a shit. Very few do. Thats why i drive the best, tesla mode3 ,
get ready to shell out for tires at about every 20 thousand miles.
There not selling because the cost is way to high. all the trucks you have shown should be 40% off at least. 2017 models were the right price in 2017 , now its a joke , not surprised people keep their old truck 😞So much for the Green new deal , all this waste.
It's because there isn't any special place where cars go that don't sell LOL. They stay on the lot until they sell some dealerships, buy them out and make them certified breon and sell them that way. But there is no special place to send new vehicles that don't sell
We want inexpensive, efficient, reliable cars!
Cheers
Sorry apart from the free stocking period we the franchise dealer buy the cars we do not lease them
So all car co’s need to say they are tech companies so dealers can be dumped instead of cars.
Yes you that right Peace out
Cheers
"Best way" to buy from a manufacturer....[low price hopefully] ?😊
Yes I always wondered that
I hope that sheds some light on the subject
Thank You‼️🏆🏁
Nice Hilfiger jacket
I agree 👍💯
Cheers