For months, people have been saying that the car market is crashing, repos are skyrocketing and the end is nigh. Meanwhile, nothing has happened and cars keep selling. 🙃
Some of us are holding on for dear life. I’ve got a vehicle with 172K on it that I would have replaced 2 years ago if things didn’t go nuts. Trying to ride it for a couple more months until end of year and at least one rate reduction.
@@stephkent2736 - Not discounting your situation and there are warning signs of a massive recession everywhere, (and have been for years) but still nothing has happened, cars keep selling, houses keep selling and the stock market goes up. Where is the crash?
The lots are absolutely full of vehicles and no foot traffic! My daughter works for a huge chain of dealers in the title office and they are laying back office people, because there are no deals to process! 🤦🏻♂️
@@luissantiago147 it’s interesting that for the last four years we complained about dealers having no inventory. Now that they are back to having full lots, like they did before the pandemic, we assume it’s because they’re not selling anything.
@@stephkent2736 - I guess my reply was deleted for reasons unknown, but bottom line is this talk of a crash has been circulating for a while and nothing has really come of it.
I have to 100% fully agree. Our financial situation is like yours ,0 car loans 0 credit card debt. We have well maintained vehicles that will be around the next 10-15 years .build quality is absolute garbage and grossly overpriced .were done with car payments!!
Priced people out then decided that sales haven’t ever recovered to prepandemic levels due to Uber etc. “Nothing we can do about that. We’re going to have to focus even harder on selling people on our largest vehicles so we can make up for low volume by selling our higher profit margin vehicles!”
We’re barely making ends meet given the high cost of living. Here in California everything went up , electrical bill , insurance went up and wages remained the same . And reality is no one needs a brand new car every two years . I will gladly keep driving my 2015 Tacoma until it blows .
I have two buddies with older Tacomas and they're both fixing them up instead of buying new. They're both put off by the price, the turbo 4 cylinder and made in Mexico. Our local dealer has them just stacking up on the lot right now.
As a 47 year old who has worked in the Insurance industry, you NAILED THIS! I was turned down by Nissan the other day and when they sent me a letter it showed the WRONG Score (as per which Bureau ) . I have Mid credit which used to EASILY get a good rate. So im just gonna chill and keep payin down the Cards and see how these prices reflect by EOY. Oh and ABC didn’t help last night. Those moderators should be SUED. God Bless brotha😎🇺🇸
A 2024 ram 3500 Dooley is actually $115,000. To help give reference of how awful that is I purchased a 3500 Denali Dooley in 2012 brand new GMC for $47,000.
Yah I remember the Toyota dealer who put paint protection for $8,000 as a mandatory dealer option during the pandemic. I'll never do business with that dealer forever.
Another great video. Repos from dealers (not just consumers) are increasing because many dealers cannot maintain their floor plans with hoards of new inventory as old as 2023 on their lots. You're also correct about how some dealers treated their long-time customers as "boogers" during the pandemic. I can personally attest to that as I executed my lease buyout option after my dealer of 10 years (and three fully loaded leases) treated me in similar fashion in 2023. As you note, the MSRPs reflect what were house prices not long ago. If, as the NY Fed reports, 20 percent of new car loan applications are being rejected today, then it will only get worse. OEMs will have to eventually pivot back to simpler technology and lower price points if they don't want the music to stop.
I have 40 years of experience buying and selling cars. This current market is by far the most unaffordable. We are going to have a crisis of credit. You can only be as wreckless as your credit limit allows! The end game is going to be ugly...
The Tacoma Trailhunter here in Vancouver w taxes freight and PDI is over $98,000 CDN. For a 4 cylinder! Tacoma is $100,000! Blows my mind! I wish we could get some discounts here in Vancouver, Toyotas are still scarce here.
Supposed to be an alleged car market crash for 2 years now. Prices still through the roof with strong inventory. These car companies would rather wait for a bailout or bankruptcy before reasonable prices ever occur.
I own 4 cars, 2 are very old worth a few grand at most. Progressive just hiked my rates in Florida to 924 per month!!! Earlier this year it was 577, the year before was 484!! How am I supposed to afford that? My wife is telling me to sell the cars and I'm thinking of at least taking the insurance off of them and parking them until we move. We are leaving Florida in the next 6 months, my wife got the job offer in Kentucky where things are cheap and we are going!! I told her at this rate our insurance will be 1100 per month if we stay another year, that's more than a home payment just 5 plus years ago. I love cars but not that much.
Yesterday, I bought a new Silverado 1500 RST pretty loaded for roughly $14k under MsRP. Also had about $10k in equity on my trade, so my overall deal was pretty sweet. If I can help it, I won’t be buying another vehicle for a looong time. I’m going to buy a cheap beater in a few months to keep down the commute miles on my new truck
@@nikchipps4198 sticker was $65k with about $10k in dealer discount and $4k mfg rebate. I traded a 21 Silverado LT 2wd 75k miles w/ little features and I got $25k for it, which was midpoint of Kbb trade value. I didn’t fight them too hard on the trade-in since they threw everything in the dealer discount. I was also happy to not have thousands in pre-added dealer add-ons to negotiate out, which is very prevalent in The Atlanta area Chevy dealers. I drove out in about 2 hours
Exactly!! High tech, break down, too expensive computer on wheels that's gonna be nothing but expensive breakdowns because of too much computer crap!!!!
I absolutely 110% fully agree. Today's shit build quality is grossly overpriced and designed for you to have to replace after the warranty period. It's to keep you in never ending debt enslavement. Buy an older well maintained vehicle, which is way more simple and affordable and much cheaper to maintain and insure.
@@DanGilliland-pi4vh you get it brother! Most people now a day lack critical thinking and just go along with whatever the social media or news propaganda machine tells them to do. I mean look at you tube and all these fan boys with neat channels telling you how cool the new Toyota products are when in reality they just jumped on the bandwagon of making trash. Build it cheaper charge more is the motto in pretty much every board room.
Aiming to pay off my 4Runner this year… then not buy another vehicle for a long time!!!! I love these factual videos on the economy and vehicle industry 👍🏼
The government BS with pickup trucks having to get 30 to 40 mpg is the problem. Anyone buying a truck knows the gas milage is crap If you want a car that gets great milage buy a prius
not only that, how many of these people NEED that truck? Need means you would use it as an actual truck more than 1x/month. Same with SUVs instead of sedans.
@@marcaliventialiventi765 that is a compact car.....Get something like a camry or accord then, or if you need more room a toyota avalon has tons of leg room in the back. More than full sized cars from the 70s and 80s.
I'm glad I made a move a year ago with a Nissan certified pre-owned 2022 Frontier. I saved over $10,000 compared to new. Perfect maintenance record, 125,000 mile no deductible bumper to bumper warranty. Great rate through my credit union, I'm happy and love my truck. There are ways to get a great deal today if you need a like new vehicle.
I just want to know when I can buy a new sienna under dealer invoice price. Otherwise I won’t believe any market going to crash or economy down turn period.
Agree 100% with your assessment...taxes increased, COL increased, car prices increased, wages flat or decreased. The car industry is the canary in the coal mine...eventually the market for produced goods will implode and we will have a real problem. IMO they need to open the market up to all vehicles BUT ensure all profits from vehicle sales / good sold remain in USA and taxed accordingly.
Here in Northern CA, Kia, Hyundai, and Toyota are still charging dealer markups on all PHEVs. No thanks, especially with high interest rates, I’m used to buying a new vehicle with zero interest.
Carflation is making automakers squirm and I am laughing. Ignore customers and their afford ability and budget, scrap the entry level affordable model, focus more on fully loaded models. Automakers will squirm to the point where they come up with stupid incentives to get people through the door. Thing I hate is ask a stupid price for a vehicle and the customer gets a piss poor quality built vehicle that will get recalled or dies on the hiway.
I’m a gas tanker driver and we are slower than we have ever been. Our peak season (summer) is slower than our slow season typically is (Winter). Nobody has any money at the moment despite them projecting the illusion that they do.
Tried snagging a used 2021 bronco sport big bend, approved for 23k with 2 thousand down at 60 months, the dealership didnt want to budge on 700 dollars. They kept trying to get me to finance with them at the full 25k at 72 months. Sitting on their lot for 51 days, was parked behind 2 other cars which made me think they havent had anyone come check it out the whole time
You nailed, you can’t find a better resume of the situation, and you just forgot to mention that not only cars are expensive than ever but also crappy 💩 than ever too, and the problem of buying a cheaper vehicle (and that happened to me) is that if you pay 33k at the ends you finish paying that car twice because of the bad quality so is not worthy to pay less neither, and to respond to your question the answer is to get rid of the middleman, is the only way to downsizing the prices (at least the quicker one) like in the case of the company who has the right to bring and manage Toyotas in the USA for example (I forgot the name) thanks
We wonder why insurance rates are increasing so much when we already spend money in increased cost of vehicles with tons of safety features? I guess the auto industry could make cars 100% safe, but wed still have high insurance costs!
The dealerships here in the California bay area are terrible. According to cargurus they have inventory sitting for months. So I emailed a few dealerships to try and make a deal on a truck that was sitting for over 100 days. Basically they told me to F off. So I can’t wait to laugh at these people when there dealerships go bankrupt. Im not as soft and nice as others I will definitely have no remorse for these people.
I have been wanting a new car for the last few years but this market has been insane. I have good credit and money saved but I refuse to pay these crazy prices. They are refusing to lower their prices. The greed is real
Ita sad bc dealers are charging markups. I was in the market for a corolla hybrid and all overpriced, and one dealer said to me that it’s simply a standard in the market due to demand. I was so flabbergasted and realized that walking out has been a clear expectation for years and now is a standard too.
I usually don't click on these "car market is crashing" videos. But I have to say, I've been watching the market for a few years waiting for a good time to buy, and I can say I'm seeing some pretty hefty rebates lately. This could very well be the beginning of a big downturn. What goes up must come down.
@@UntamedMotors eventually I’ll get my Dad’s 2017 SR 4x2 4-cylinder DCSB and then I will make that a Rocklander (Rock crawling Overlander) with a 4x4 solid axle install, dual t-cases, exo cage, and D4D Toyota diesel engine
I just watched that video. In short, if you don’t stay on top of coolant changes, it eats up the gaskets and causes issues easily due to how tight the tolerances are.
I used to be a Toyota guy my pre-Runner has 365,000 miles on it. I wanted to upgrade but I didn’t buy a tundra I bought a 2024 Nissan Titan Pro 4XXD and I’m so happy I made a little video on my channel if anybody’s interested in seeing what that truck looks like.
The Chevy Colorado Trail Boss or GMC Elevation can be had for low 40k. So the equivalent Tacoma is 10-12k more. Just traded out of my GMC for a 24 Subaru Crosstrek Sport as I really don't need a truck anymore. That saved me at least 12k and I'm really enjoying the Crosstrek. There are absolutely affordable options but not if you're stuck on certain segments of the market. I got 10% off my Subaru and felt good about the deal. I could afford a new truck but I'd feel like a sucker for writing that check.
For those in Southern California, do not go to Toyota Cerritos, they marked up all their cars. They even had a markup on the Camry. I went to Longo Toyota and got the Camry $500 below invoice 2 years ago. Cerritos Toyota is greedy as is Lexus Cerritos too.
I don’t understand how people buy new cars. My wife and I make maybe 185k together and I own a 2013 Tacoma I paid less than 19k for salvaged title and my wife has an 06 Acura RL. How do people afford brand new cars?
@@NESADDICT debt. The average American has TONS of debt. The amount of debt that people are willing to take on is yet another contributing factor for high prices. Regulate the consumer debt industry and watch those prices come down.
I had been tightening my belt for the last 10 years to paid off my house and able to bought my 24 TRD off road 4x4 V 6 with cash!😊😊😊😊😊😊 I still keep my 12 civic with 220000 miles !
My local FCU has 5.25% up to 60 months and 5.75% up to 72 months on new vehicle loans. Not ideal, but not 7-9%. Vehicles that are sitting in lots are being advertised at 1.9% or even 0% from the dealership. Prices are unfortunately still inflated. The prices have to come down but it’s complicated. Manufacturers are genuinely stuck with higher wages and higher material costs, even higher overhead. They can and will still have to reduce their prices but I think they’re more likely to reduce their costs along with it at the detriment of the consumer… in other words quality will decline. I’d love to trade my SUV for a new fully loaded pickup but that’s $70-90k. A few years back these loaded trims were actually much more affordable.
@@ronleight9341 yeah I’m shocked there hasn’t been a more drastic “breaking point” since areas, the problems continue to snowball and we just keep accepting it. Strange. Something has got to give soon. 🤷♂️
I just walked away from an msrp allocation for an underground 4Runner trd pro at. 62k (all in) is too much to tie that kind of cash into for steady resale or financing is too high even with perfect credit.
It isn't rates that's the reason. It's pensions and Union contracts that make profitability tough for these cars. Why they don't make cheap cars. They will just start leasing them which has been the goal since day one. You'll own nothing
Vehicles these days are not just WAY overpriced but have become overengineered & unreliable: I persinally wouldn't buy anything newer than a 2006 (Toyota being the exception, obviously). I drive around old beaters for common transportation but decided to get something nice this year to enjoy on the weekends; a 1996 GMC Safari STARCRAFT High-top conversion with only 28k miles. A rare find, and at $21,000.00 is more than a good deal in today's market; it is an investment!
I’ve been hearing of a crash, but haven’t seen one yet. MSRPs are still going up and auto makers haven’t adjusted. Let the vehicles sit and rot on the lots. It’s insane what they’re charging for vehicles.
I can sit on my back deck and see the Ford dealership at a distance, and the lot is overflowing with new and used cars. This weekend I saw maybe 2 cars being test driven. Some of the same cars have been sitting over 10 months and no price reductions have been offered (checked on their website). I live in a smaller town of 30K people 23 miles south of Indianapolis. There are 3 dealers here, Ford, Chevy and CJDR and very little action in sales. Of the 3 the Chevy dealer seems to move a few more cars and trucks than the other dealers. On my street I know that there were 2 repo's in the middle of the night (I'm retired usually up till 2 am) and being a former repo person for a bank many years ago I know they swept in and snagged those trucks in less than 2 minutes. Things are going to crash even more in the coming months.
How about 100%!!! 2022 I was paying $550/6mos. NOW 2024 I’m paying almost $1100/6mos. Btw ‘Safe Driver’ is embossed on my DL (FL) I’m a rare breed today one of the best drivers otr! Oh, Progressive is my insurance & I suspect they’re doing the same thing Statefarm did & jack up their fees in readiness to bolt out of FL all together!!!
I think half of the trucks on the market are ego driven.. And 90% of them are too big and it costs more and with all the technology that you don't need.. it's no wonder they cost 100,000. They need to scale them back to something closer to what you would buy in the 90s or in the 80s. Everything is extreme. Camaros and chargers and Mustangs are faster and meaner and louder than what they need to be and trucks are more heavy duty than what they need to be and they all have too much electronics navigation doubling up on my phone. Like they just need to simplify and stop. All that stuff costs mooonnneeyyy
Is now associated with masculinity and being a Boy Scout… er.. I mean being prepared. If it also means being in debt, well… I want to be a man, don’t I?
For months, people have been saying that the car market is crashing, repos are skyrocketing and the end is nigh. Meanwhile, nothing has happened and cars keep selling. 🙃
Some of us are holding on for dear life. I’ve got a vehicle with 172K on it that I would have replaced 2 years ago if things didn’t go nuts. Trying to ride it for a couple more months until end of year and at least one rate reduction.
@@stephkent2736 - Not discounting your situation and there are warning signs of a massive recession everywhere, (and have been for years) but still nothing has happened, cars keep selling, houses keep selling and the stock market goes up. Where is the crash?
The lots are absolutely full of vehicles and no foot traffic! My daughter works for a huge chain of dealers in the title office and they are laying back office people, because there are no deals to process! 🤦🏻♂️
@@luissantiago147 it’s interesting that for the last four years we complained about dealers having no inventory. Now that they are back to having full lots, like they did before the pandemic, we assume it’s because they’re not selling anything.
@@stephkent2736 - I guess my reply was deleted for reasons unknown, but bottom line is this talk of a crash has been circulating for a while and nothing has really come of it.
I paid my car off like a year ago and Im not going back to a car payment ever again… its so nice to have extra money again😊
I don’t blame you one bit! Congratulations man!
Debt free is the way to be…!
@@Dano-MX5 best type of car is a paid off car. 👌
right? best car you ever owned is the car that doesnt have any payments on it!
Do your maintenance. I paid off my 2004 silverado in 08.
Still running strong with 430,000+ eng/trany. Still everyday ride.
I have 0 credit card debt and 0 auto debt and will never pay these new truck prices. They have priced out the middle class working man
I have to 100% fully agree. Our financial situation is like yours ,0 car loans 0 credit card debt. We have well maintained vehicles that will be around the next 10-15 years .build quality is absolute garbage and grossly overpriced .were done with car payments!!
Same boat here. No car payments and no cc debt. Can't imagine a $500-1000 a month car payment.
There are some leases look ok.
Also some of these newer cars are effectively not repairable so owning used would be a mistake imo
Priced people out then decided that sales haven’t ever recovered to prepandemic levels due to Uber etc.
“Nothing we can do about that. We’re going to have to focus even harder on selling people on our largest vehicles so we can make up for low volume by selling our higher profit margin vehicles!”
We’re barely making ends meet given the high cost of living. Here in California everything went up , electrical bill , insurance went up and wages remained the same . And reality is no one needs a brand new car every two years . I will gladly keep driving my 2015 Tacoma until it blows .
Yes sir, it’s why people are leaving beautiful California by the droves fleeing tyrannical govt policies & ideology. It’s unfortunate & painful.
I have two buddies with older Tacomas and they're both fixing them up instead of buying new. They're both put off by the price, the turbo 4 cylinder and made in Mexico. Our local dealer has them just stacking up on the lot right now.
Keep voting democrat
Why are you still living in California? GTFO no sympathy for you
Pray it doesn’t blow; then you’ll be in the market for marked up Trash
F all the Toyota dealerships
The entire economy shows clear signs of imminent crash.
Thanks to Biden and Harris. She wins it will get way worse
There are always those who claim the sky is falling.
@@ozzierabbit587it doesn’t look super rosy
GDP isn’t as good a predictor of recessions as is the labor market.
As a 47 year old who has worked in the Insurance industry, you NAILED THIS! I was turned down by Nissan the other day and when they sent me a letter it showed the WRONG Score (as per which Bureau ) . I have Mid credit which used to EASILY get a good rate. So im just gonna chill and keep payin down the Cards and see how these prices reflect by EOY.
Oh and ABC didn’t help last night. Those moderators should be SUED. God Bless brotha😎🇺🇸
Pure insanity that a truck can cost 109k
A 2024 ram 3500 Dooley is actually $115,000.
To help give reference of how awful that is I purchased a 3500 Denali Dooley in 2012 brand new GMC for $47,000.
that truck aint worth that much. idc what the price tag says
Prices are insane
gen4 tacoma trd pro isn't far behind in price with some dealer options
Let it f***** sit
Yah I remember the Toyota dealer who put paint protection for $8,000 as a mandatory dealer option during the pandemic. I'll never do business with that dealer forever.
At 10:26, "They flicked their loyal customers like boogers?" My thinking aligns with yours on that, sir. GREAT VIDEO!
Another great video. Repos from dealers (not just consumers) are increasing because many dealers cannot maintain their floor plans with hoards of new inventory as old as 2023 on their lots. You're also correct about how some dealers treated their long-time customers as "boogers" during the pandemic. I can personally attest to that as I executed my lease buyout option after my dealer of 10 years (and three fully loaded leases) treated me in similar fashion in 2023. As you note, the MSRPs reflect what were house prices not long ago. If, as the NY Fed reports, 20 percent of new car loan applications are being rejected today, then it will only get worse. OEMs will have to eventually pivot back to simpler technology and lower price points if they don't want the music to stop.
Heck, the Dollar Store is now $1.25!!😬
Try again they now have $3 and $5 dollar items! They definitely need to rename the store it’s more like a bootleg Five Below. 😂
I imagine the government will bail them all out, like they did before.
And the banks who usually make record profits
Bought a used car with a 100k miles on it for $3k cash. Never financing or buying a new vehicle again.
@islandhopper100 it’s out there somewhere, just don’t expect a newer model
@@Wickedpissah138I don’t think you could find any 4Runner that’s running and not wrecked for $3k.
@@user-tb7rn1il3q maybe a little more but you can find a good deal on a used older model!
I have 40 years of experience buying and selling cars. This current market is by far the most unaffordable. We are going to have a crisis of credit. You can only be as wreckless as your credit limit allows! The end game is going to be ugly...
The Tacoma Trailhunter here in Vancouver w taxes freight and PDI is over $98,000 CDN. For a 4 cylinder! Tacoma is $100,000! Blows my mind! I wish we could get some discounts here in Vancouver, Toyotas are still scarce here.
Vehicle prices are the leading CAUSE of MASS inflation.
I’m never financing a car again. Not worth it.
The government printed 40% more money in one year. Everything now costs 40% more. How much more do you make?
Ben Hardy was saying the same thing a year ago
Ford F250's interest rates are now 3.9% (60 months), you can also purchase them at most dealers for invoice or 5-6% below MSRP.
Junk Ford. I need BMW.
What kind of person is willing to be a wage slave for 5 years for a depreciating asset?
“Short Term GAIN; Long Term PAIN” Teach them all a lesson!!! Maintain your current vehicle!
Supposed to be an alleged car market crash for 2 years now. Prices still through the roof with strong inventory. These car companies would rather wait for a bailout or bankruptcy before reasonable prices ever occur.
Yeah you’re right about that… rather go bankrupt and get bailed out before slashing prices. Smh
“Strong inventory”?
High inventory. Vehicles that they cannot sell. Until they lower the price.
Just bought a 24 Colorado z71, leather, every option for $4,000 below mrsp and 4.2% for 60 months. $44,000 out the door
And that's still too much
You get to be a wage slave for 5 years... Good for you
Most of us make 30-50k a year.
I own 4 cars, 2 are very old worth a few grand at most. Progressive just hiked my rates in Florida to 924 per month!!! Earlier this year it was 577, the year before was 484!! How am I supposed to afford that? My wife is telling me to sell the cars and I'm thinking of at least taking the insurance off of them and parking them until we move. We are leaving Florida in the next 6 months, my wife got the job offer in Kentucky where things are cheap and we are going!! I told her at this rate our insurance will be 1100 per month if we stay another year, that's more than a home payment just 5 plus years ago. I love cars but not that much.
Excellent video… good to see you again….❤
For corporations, there is never enough profit.
Yesterday, I bought a new Silverado 1500 RST pretty loaded for roughly $14k under MsRP. Also had about $10k in equity on my trade, so my overall deal was pretty sweet. If I can help it, I won’t be buying another vehicle for a looong time. I’m going to buy a cheap beater in a few months to keep down the commute miles on my new truck
But what was Msrp and what was your trade in worth private party sale?
@@nikchipps4198 sticker was $65k with about $10k in dealer discount and $4k mfg rebate. I traded a 21 Silverado LT 2wd 75k miles w/ little features and I got $25k for it, which was midpoint of Kbb trade value. I didn’t fight them too hard on the trade-in since they threw everything in the dealer discount. I was also happy to not have thousands in pre-added dealer add-ons to negotiate out, which is very prevalent in The Atlanta area Chevy dealers. I drove out in about 2 hours
Tons of money for throw away trash machines. No thanks
Exactly!! High tech, break down, too expensive computer on wheels that's gonna be nothing but expensive breakdowns because of too much computer crap!!!!
I absolutely 110% fully agree. Today's shit build quality is grossly overpriced and designed for you to have to replace after the warranty period. It's to keep you in never ending debt enslavement. Buy an older well maintained vehicle, which is way more simple and affordable and much cheaper to maintain and insure.
@@DanGilliland-pi4vh you get it brother! Most people now a day lack critical thinking and just go along with whatever the social media or news propaganda machine tells them to do. I mean look at you tube and all these fan boys with neat channels telling you how cool the new Toyota products are when in reality they just jumped on the bandwagon of making trash. Build it cheaper charge more is the motto in pretty much every board room.
Aiming to pay off my 4Runner this year… then not buy another vehicle for a long time!!!! I love these factual videos on the economy and vehicle industry 👍🏼
Congrats man! That’s huge.
Appreciate that positive feedback. =]
The government BS with pickup trucks having to get 30 to 40 mpg is the problem. Anyone buying a truck knows the gas milage is crap
If you want a car that gets great milage buy a prius
Yeah, they know the gas mileage is crap, and then they complain to no end about gas prices.
Because it is governmental and state policies that have contributed to this @@nwsvndr
not only that, how many of these people NEED that truck? Need means you would use it as an actual truck more than 1x/month. Same with SUVs instead of sedans.
@mikel2887 the problem with sedans today is the design. My daughter couldn't put a baby car seat in her subaru impreza. It fit in my Silverado
@@marcaliventialiventi765 that is a compact car.....Get something like a camry or accord then, or if you need more room a toyota avalon has tons of leg room in the back. More than full sized cars from the 70s and 80s.
I'm glad I made a move a year ago with a Nissan certified pre-owned 2022 Frontier. I saved over $10,000 compared to new. Perfect maintenance record, 125,000 mile no deductible bumper to bumper warranty. Great rate through my credit union, I'm happy and love my truck. There are ways to get a great deal today if you need a like new vehicle.
Yep, CPO is a great way to go as long as you can get the rate with it.
I just want to know when I can buy a new sienna under dealer invoice price. Otherwise I won’t believe any market going to crash or economy down turn period.
well I will keep my 2012 trd sport with 136K on it ,for a few more years ....then frontier here I come....no turbo for me
Great video! Thanks for staying on top of this and sharing your perspective. Much appreciated!
Not sure what you talking about, prices are not going down here California, used cars are still very expensive
Aren’t you lucky to live in the sunshine state? 😂
Look out of state. I am having the same issue here in Los Angeles but find cars selling out of state for 3-4k less than what they’re selling here for
Check out the prices on U-Hauls and get the hell out of that God forsaken state. Problem solved!
Wow I pray my car last will not break down anytime soon forcing me to purchase newly used car not until late 2026!!! 🙏🏽
Agree 100% with your assessment...taxes increased, COL increased, car prices increased, wages flat or decreased. The car industry is the canary in the coal mine...eventually the market for produced goods will implode and we will have a real problem. IMO they need to open the market up to all vehicles BUT ensure all profits from vehicle sales / good sold remain in USA and taxed accordingly.
Thanks man.
Well said, I’m with you on that! 100% 👌
Here in Northern CA, Kia, Hyundai, and Toyota are still charging dealer markups on all PHEVs. No thanks, especially with high interest rates, I’m used to buying a new vehicle with zero interest.
Carflation is making automakers squirm and I am laughing. Ignore customers and their afford ability and budget, scrap the entry level affordable model, focus more on fully loaded models. Automakers will squirm to the point where they come up with stupid incentives to get people through the door. Thing I hate is ask a stupid price for a vehicle and the customer gets a piss poor quality built vehicle that will get recalled or dies on the hiway.
This situation along with other things like Health Care ,HIGH FOOD PRICES are creating a permanent underclass that CAN'T get out of debt .😡💵💵😡
Thank the democrats Biden Harris when Trump was president people were living good and looking back we don’t know how good we had it
@@bluemoonrpg326 what planet do you live on.
Elections have consequences.
@@SusiesRepeat the real world. Everything was cheaper under Trump. Trucks weren’t 1,000 a month. Goofball
I’m a gas tanker driver and we are slower than we have ever been. Our peak season (summer) is slower than our slow season typically is (Winter). Nobody has any money at the moment despite them projecting the illusion that they do.
Tried snagging a used 2021 bronco sport big bend, approved for 23k with 2 thousand down at 60 months, the dealership didnt want to budge on 700 dollars. They kept trying to get me to finance with them at the full 25k at 72 months. Sitting on their lot for 51 days, was parked behind 2 other cars which made me think they havent had anyone come check it out the whole time
I doubt it. I still see people buying new vehicles. Maybe not a lot like before but it’s still enough to keep dealers going with insane prices
You nailed, you can’t find a better resume of the situation, and you just forgot to mention that not only cars are expensive than ever but also crappy 💩 than ever too, and the problem of buying a cheaper vehicle (and that happened to me) is that if you pay 33k at the ends you finish paying that car twice because of the bad quality so is not worthy to pay less neither, and to respond to your question the answer is to get rid of the middleman, is the only way to downsizing the prices (at least the quicker one) like in the case of the company who has the right to bring and manage Toyotas in the USA for example (I forgot the name) thanks
We wonder why insurance rates are increasing so much when we already spend money in increased cost of vehicles with tons of safety features? I guess the auto industry could make cars 100% safe, but wed still have high insurance costs!
As a 25 year 4 Jeep guy F Jeep. I love my Subaru!
Could part of the Tundra price drop be due to the bad engines in the 2023 models?
The dealerships here in the California bay area are terrible. According to cargurus they have inventory sitting for months. So I emailed a few dealerships to try and make a deal on a truck that was sitting for over 100 days. Basically they told me to F off. So I can’t wait to laugh at these people when there dealerships go bankrupt. Im not as soft and nice as others I will definitely have no remorse for these people.
"remember which dealers"
Every single Toyota dealer.
I have been wanting a new car for the last few years but this market has been insane. I have good credit and money saved but I refuse to pay these crazy prices. They are refusing to lower their prices. The greed is real
Problem is ,they are computers on wheels,not cars.
I don’t feel sorry the dealerships.😂
Ita sad bc dealers are charging markups. I was in the market for a corolla hybrid and all overpriced, and one dealer said to me that it’s simply a standard in the market due to demand.
I was so flabbergasted and realized that walking out has been a clear expectation for years and now is a standard too.
I usually don't click on these "car market is crashing" videos. But I have to say, I've been watching the market for a few years waiting for a good time to buy, and I can say I'm seeing some pretty hefty rebates lately. This could very well be the beginning of a big downturn. What goes up must come down.
Very detailed breakdown on costs UM, thank
You.😊
Hopefully this all changes in November !!!
Thanks for the information Untamed!
Hey Untamed, I’m so glad I got my 2023 Tacoma TRD OR ACLB before the 4th Gens came out. Just wish I had gotten the Double cab. Mine was
@@J.Young808 you got a solid truck for a much better deal than these new ones. Can always swap it out for a double cab! 👌
@@UntamedMotors eventually I’ll get my Dad’s 2017 SR 4x2 4-cylinder DCSB and then I will make that a Rocklander (Rock crawling Overlander) with a 4x4 solid axle install, dual t-cases, exo cage, and D4D Toyota diesel engine
@@J.Young808 niiice. That sounds awesome!
I know prices go up and it is 12 years ago, but I bought my 2012 Tacoma TRD Off Road for 32,000 OTD, and now that MSRP is 50K!!
The only way prices come down is if they reduce quality even further. The dollar is only going to devalue
Even with decent credit, that's insane interest pricing.........
Hourly Pay has not gone up .......
Agreed. Idk about you but my pay hasn’t increased 40% since 2019. 🤔
I read on the car care nut channel that specializes in Toyotas has seen a lot of issues with the Toyota V8 over the previous generation V8’d
I just watched that video. In short, if you don’t stay on top of coolant changes, it eats up the gaskets and causes issues easily due to how tight the tolerances are.
I saw a Tacoma Trail hunter for over $100k Canadian!! Absolute Bonkers!!
Absolutely insane… smh
8:12 which Lightning trim is that that they have marked down to $47k? I don't believe they are still discounting them like that on the west coast
I used to be a Toyota guy my pre-Runner has 365,000 miles on it. I wanted to upgrade but I didn’t buy a tundra I bought a 2024 Nissan Titan Pro 4XXD and I’m so happy I made a little video on my channel if anybody’s interested in seeing what that truck looks like.
Good work. Totally agree with you assessment!
The Chevy Colorado Trail Boss or GMC Elevation can be had for low 40k. So the equivalent Tacoma is 10-12k more. Just traded out of my GMC for a 24 Subaru Crosstrek Sport as I really don't need a truck anymore. That saved me at least 12k and I'm really enjoying the Crosstrek. There are absolutely affordable options but not if you're stuck on certain segments of the market. I got 10% off my Subaru and felt good about the deal. I could afford a new truck but I'd feel like a sucker for writing that check.
What should you pay for a new tundra ?
Depends on the trim but expect $7-12K off MSRP on most.
For those in Southern California, do not go to Toyota Cerritos, they marked up all their cars. They even had a markup on the Camry. I went to Longo Toyota and got the Camry $500 below invoice 2 years ago. Cerritos Toyota is greedy as is Lexus Cerritos too.
Ridicules prices. You couldn't give me a new truck.
@@garythompson2517 could you imagine paying $2200-2400 per month for this F450!? 😩
I don’t understand how people buy new cars. My wife and I make maybe 185k together and I own a 2013 Tacoma I paid less than 19k for salvaged title and my wife has an 06 Acura RL. How do people afford brand new cars?
@@NESADDICT debt. The average American has TONS of debt. The amount of debt that people are willing to take on is yet another contributing factor for high prices. Regulate the consumer debt industry and watch those prices come down.
I had been tightening my belt for the last 10 years to paid off my house and able to bought my 24 TRD off road 4x4 V 6 with cash!😊😊😊😊😊😊 I still keep my 12 civic with 220000 miles !
@@andyhuang7526 a paid off house is a huge accomplishment!!! You deserve that truck!
Also a paid off truck is a huge accomplishment! 🙌
@@NESADDICT thanks 🙏!
This has been true for the last 2 years, the economy is in dire straits.
I’m going to whole heatedly disagree…in middle Texas because prices here still suck. A local salesman for Toyota told me they are selling 800 a month.
10:18 "Flicked their loyal customers like boogers". Good one!
Hello U.M.,
When is a good time to get a car?
2019
You mean a NEW car? Never. Just get a good used Toyota with 100k miles, and drive it to 300k. And any time is a good time for that.
My local FCU has 5.25% up to 60 months and 5.75% up to 72 months on new vehicle loans. Not ideal, but not 7-9%. Vehicles that are sitting in lots are being advertised at 1.9% or even 0% from the dealership. Prices are unfortunately still inflated.
The prices have to come down but it’s complicated. Manufacturers are genuinely stuck with higher wages and higher material costs, even higher overhead. They can and will still have to reduce their prices but I think they’re more likely to reduce their costs along with it at the detriment of the consumer… in other words quality will decline.
I’d love to trade my SUV for a new fully loaded pickup but that’s $70-90k. A few years back these loaded trims were actually much more affordable.
Yeah, this might hold more water if we hadn't heard the same thing over and over since early '23.
@@ronleight9341 yeah I’m shocked there hasn’t been a more drastic “breaking point” since areas, the problems continue to snowball and we just keep accepting it. Strange. Something has got to give soon. 🤷♂️
Car payments. What are those?
I just walked away from an msrp allocation for an underground 4Runner trd pro at. 62k (all in) is too much to tie that kind of cash into for steady resale or financing is too high even with perfect credit.
I don't think it will crash but if it does that would be good. I could buy my second car then.
It isn't rates that's the reason. It's pensions and Union contracts that make profitability tough for these cars. Why they don't make cheap cars. They will just start leasing them which has been the goal since day one. You'll own nothing
$57k and he paid $71k?
I’d say it’s a good deal considering it’s a V6 with TONS of problems 🤣🤣
And I think he received a good offer though 😅
Sounds like fairly normal depreciation!
Hi great video and awesome channel, I just subscribed! Keep up all the great work .😊
Hi untamed, maybe in the near future you could check out the 2024 GMC at4 Colorado
they got the nerve to deny people when inventory is sitting there not selling.
I know it sound easier said than done but all these brands need to drop the price on their products 20% across the board and watch people buy.
My car is paid for and still cost 600 a month. I have 0 debt no kids or wife, I work everyday and have nothing.
Hate to say it but I often wonder if that’s the way they want it for all of us… =\ Congrats on having the paid off vehicle though! That’s great.
Vehicles these days are not just WAY overpriced but have become overengineered & unreliable: I persinally wouldn't buy anything newer than a 2006 (Toyota being the exception, obviously).
I drive around old beaters for common transportation but decided to get something nice this year to enjoy on the weekends; a 1996 GMC Safari STARCRAFT High-top conversion with only 28k miles.
A rare find, and at $21,000.00 is more than a good deal in today's market; it is an investment!
dealership dont care, just like the government
I’ve been hearing of a crash, but haven’t seen one yet. MSRPs are still going up and auto makers haven’t adjusted. Let the vehicles sit and rot on the lots. It’s insane what they’re charging for vehicles.
So when is actually going to crash?
And what exactly will happen once it does?
I can sit on my back deck and see the Ford dealership at a distance, and the lot is overflowing with new and used cars. This weekend I saw maybe 2 cars being test driven. Some of the same cars have been sitting over 10 months and no price reductions have been offered (checked on their website). I live in a smaller town of 30K people 23 miles south of Indianapolis. There are 3 dealers here, Ford, Chevy and CJDR and very little action in sales. Of the 3 the Chevy dealer seems to move a few more cars and trucks than the other dealers. On my street I know that there were 2 repo's in the middle of the night (I'm retired usually up till 2 am) and being a former repo person for a bank many years ago I know they swept in and snagged those trucks in less than 2 minutes. Things are going to crash even more in the coming months.
Price gouging across the board combined with the need for instant gratification. There you go.
How about 100%!!! 2022 I was paying $550/6mos. NOW 2024 I’m paying almost $1100/6mos. Btw ‘Safe Driver’ is embossed on my DL (FL) I’m a rare breed today one of the best drivers otr! Oh, Progressive is my insurance & I suspect they’re doing the same thing Statefarm did & jack up their fees in readiness to bolt out of FL all together!!!
I think half of the trucks on the market are ego driven.. And 90% of them are too big and it costs more and with all the technology that you don't need.. it's no wonder they cost 100,000. They need to scale them back to something closer to what you would buy in the 90s or in the 80s. Everything is extreme. Camaros and chargers and Mustangs are faster and meaner and louder than what they need to be and trucks are more heavy duty than what they need to be and they all have too much electronics navigation doubling up on my phone. Like they just need to simplify and stop. All that stuff costs mooonnneeyyy
Truth. I only buy base models of cars.
Agreed. All the extra stuff is crazy expensive - especially on trucks and SUVs that will never leave the pavement.
Higher profit margins on big trucks and SUVs, so automakers have put a lot of effort into marketing them.
Is now associated with masculinity and being a Boy Scout… er.. I mean being prepared.
If it also means being in debt, well… I want to be a man, don’t I?
This why I have a 2001 F-250 and a 2008 Tahoe LTZ
Been looking at new trucks. I haven't seen any "great" deals at least in Utah. Still waiting for this "crash".
Dealer mark ups are insane. I buy certified used to save $. Let the other guy take tge MU and Depreciation hit!