It Begins… Chevy CEO Just Killed The Truck Market!
ฝัง
- เผยแพร่เมื่อ 13 ต.ค. 2024
- This is REALLY BAD! Things just got worse for the car market in 2024... truck, car and SUV prices are coming down after slow sales from Ford, Chevrolet, RAM, Dodge and Toyota.
This NEW $15,000 TRUCK Just Changed Everything! => th-cam.com/video/Jcc7YRnxMtU/w-d-xo.html
Shame, we can’t buy one in The USA 😂
More bull. Not ever for us market.
Prices are still ridiculous. Hold out folks, they deserve to be taught a lesson. Thieves.
You're right but too many will cave and buy a vehicle because it will fall into what they can afford instead of waiting until dealers have to sell their cars and can't afford to hold them or lose any more money at auction.
Indeed. We need to inflict pain by staying on sideline
Agreed I sold before I know there game
At these prices they only need to sell 10 a year. Insane
@@RileyReneau yeah they don’t pay there car salespeople they work mon- sat long days Thursday till 9:30 -10 .. they run the lots , ruin there shoes shovel the snow off the cars ( for the owner ) if that state snows .. for little to no money .. unless u r a family member yo the owner now that’s different I r taken care of
Truck prices have increased so much that even the discounted price is way out of reach for most americans
60k it's way too high for what used to cost 46k in 2020 (before that thing spreaded).
@@makatron Before that thing was released you mean.
@@constitutionalright827 yeah that very thing you're speaking of, it's been 4 years and still feels like yesterday.
I know 80000 free f****** pick up truck? Back in my day...
its not that its out of reach its the fact that the majority of us arent stupid enough to support prices like that. idc if the cost of living went up, the cost of living increasing doesnt make a truck go from 30k to 60k, thats just greed corporate using their bs excuse for their criminal price tags. a 1500 5.3 truck should be 40k brand new and the midsize truck should be 30k brand new. there needs to be a legal cap set in place to prevent these bs markups
These dealers must have unlimited lives, because I could've sworn they've already collapsed like 27 other times according to your video history 🤣
this guy is a master clickbaiter .. he’s mad that dealer are dishonest about pricing but he deceives everyone with his video titles😂
@@friendlessjose I mean I can't criticize him much because I still clicked on the video and commented lol TH-camrs certainly do love some hyperbole
A douche walking thru car lots crying about truck prices😭
He is nothing but a Toyota fanboi anyway
DO NOT FOLLOW THIS CLICK BAITER.
Yep clicking dont recomend this channel now.
All these “price drop” vids are just click bait
Yes, but you know...wishful thinking can eventually create a wave
@ob1_kb Thats the point nerd, those cars are still there....
@ob1_kb someone sounds bitter & jaded! Fk don't watch him.😢😢😢😢😢😢
@@ob1_kb why is this dude so pressed? is so easy to not watch this channel instead of being a Karen about it
@@KennyNash-sb9shlol😂
Cost of living is out of control not just in U.S. but all over the world. You are lucky if you have $200 left each month after paying all your bills ....
or even $20
Keep voting Democrat
@@williamrose7184not endorsing sleepy joe, but I don’t want to vote for a fascist either.
True
@@williamrose7184 i vote Democrat and will continue as long as it's against an inept, adjudicated sex offender, and a convicted felon who lies every time his mouth moves. Everything I own is paid for and I have no money worries.
The price is on the bronco and F150 are completely high. I don’t know what Ford is smoking. They are literally out of their minds.
what a bunch of genius, raise prices when your stuff is already not selling.
it's not just fords... it's chevy and ram to
Ford’s problem is you can’t get common parts for vehicles that aren’t even that old. So you buy an F150 thinking I’ll be able to keep it 10-15 years and you can’t. I could see niche cars but not ones they sell millions of. I’d stay away from ford for that reason.
Of course no vehicle today will be able to be kept that long. All by design. Planned obsolescence.
And not to mention the damn greedy jewish dealer markup
THEY SMOKE GREED BLUNTS!!!!!
60k for a normal ass pickup truck is still insanity.
My dreams of owning a full size pickup truck to take me to the grocery store and gym are dead.
Same lol
You're probably better off finding an antique truck to rebuild to your liking.
@@claytonhess5512 not big enough, I need a super duty truck with all the bells and whistles that lets everyone know that I'm a short guy with a small pecker.
Her a Ford Maverick XL
650$ registration this year up 150 from last year… my truck is 7 years old. CA doesn’t want us to drive trucks…
It’s starting to dawn on me that buying a new truck is never gonna happen for me again in my life. 😢
Yeah it will the difference now is your not getting away with 3-5000 down like the old days … you need to save and put 20-25,000 down minimum or your payments gonna be 1400 a month
Buy a classic truck
@@toddprater14 - If they were building good quality products, I might could talk myself into accepting that.
@@joseph19761 - That would be an option.
Oh..! Didn't you say the whole of car dealers has collapsed? You thumbnail is just a little misleading, do ya think? Maybe you don't care? Maybe it just doesn't matter..Nothing new here..
“We feel Soooo bad for the auto industry” - Not one person in the US.
If they cant discount at least 50% I ain't buying crap!
Lol I second that 👍
Honestly, I think Ford and GM would rather close their doors than admit they are overcharging, Knowing that the GOV will bail them out because "TOO BIG TO FAIL" and WE'LL foot the bill for that too. Seriously, the game is totally RIGGED!
Amen.
That's exactly what they're banking on happening. Gouge the public during pandemic, then get bailed out by taxpayers, then sell at pre-pandemic prices but with the bailout they still got peak pandemic profits on all the overstock.
Let them go bankrupt and force them to sell at public auction.
There's a dealership here called mccarty daniels. They have a 2018 4 door jeep Rubicon for sale for $44,500 that's 13k off the original sale price 6 years ago. I just looked at the listing laughed & shook my head.
car edge video on the kia ev6 was insanity it's an ev that they can't sell and they tried to sell msrp or more a 2022 ev which probably already made them lose 100k
Another "collapse" video.....🙄
Another douche bag video
Rehashing the same content over and over.
Not a chance they can sell the Tundra's. With the motor issues, you can have zero confidence that it will even survive long enough for you to pay off the loan.
Toyota has already sold over 104,000 Tundra's this year and sales are up 42%, they are doing just fine
Sadly @medmark is right, Toyota’s Tundra sales compared to 2023 are equal and in some cases surpass the previous years’ on a month-by-month basis. Most people aren’t like us. They won’t watch videos, read on forums and, and do their research before buying a vehicle. Reputation is enough for most. Toyota is indeed doing well this year in teens of Tundra sales
I agree with having zero confidence the Tundra engines will survive long enough to pay off your loan (Same with Taco's new transmissions) but I also know this will take years and years before the consumer loses confidence in Toyota so it will be some time before it would strongly affect their sales. This is assuming they don't fully fix the issues with the Tundra's and Tacos
Eh. My 2022 LC79 is just fine haha. Dont need a tundra 😂
@@medmark Thank GOD someone is protecting these large corporations. Your quick response has cancelled @msryder9265's rational motor issue comment. I am going to run out and now buy a Tundra. Who wanted that 1,000,000 mile V8 engine anyway?
Those Bronco raptors are worth no more than $55K to me. You can't sell me on an under sized engine. As soon as that turbo breaks, it's game over. That engine is useless without the turbo, and for a big SUV like that, they should've had a naturally aspirated 8 cylinder engine as an option. Let the customer decide.
As soon as that v8 breaks it’s game over also
@@pathunter7003 the coyotes are pretty solid engines and with how many issues the 2.7L eco boost has, I’d say the V8 would be way more reliable. There is a lawsuit about the ecoboost engines right now due to them blowing up so often
@@AtoMiCM0nkies and that opinion of yours of the 2.7 having problems is complete bull💩 The2.7 has been extremely reliable (better than the v8) with very few issues unlike the problem prone 5.0.
@@pathunter7003 Are you ignorant to the 700,000 vehicle lawsuit or just willingly disregarding a design flaw? It has been stated that the metal used in the valve train is prone to becoming brittle as the engine heat cycles. These motors are plagued with these issues. Look it up before speaking on something you know nothing about
@@AtoMiCM0nkies like I said before you are spewing bull💩
Ford did find a SMALL batch of valves that were inferior and they fixed that problem quickly with the supplier, not the ridiculous amount of vehicles that you ignorantly spit out.
Try looking it up the info yourself instead of looking like a fool
I just bought my Nissan Frontier and I am so happy with my V6 engine 🎉😁
Hate paying these ridiculous prices? How about we all just not purchase anything until these prices are cut in 1/2....
It's what happens when you jack up the prices over 30%. The stealerships and the manufactures are guilty of price gouging, and are now reaping what they've sown. For me, they can keep their over priced and low quality boarding on lack of quality vehicles.
The prices are still too high. I could buy a new truck tomorrow but I will not pay the sky high prices they are asking.
I'm in the market for a new Charger R/T. They were around 35k before the pandemic. Now they want north of 45 or 50 k for the same car. (Not to mention they are 23s and 22s!) I refuse to buy unit the prices come back to around 35 k for a well equipped one. And that's plus tax and nothing else!
So I'd say dealers are going to have some bitter apples to swallow...
Then you will learn to do without a charger r/t
@@pathunter7003 I suppose time will tell
@@ob1_kb thanks to Brandon
@@ob1_kb no I don’t think so, there is so much debt the country has taken on, student debt, free Covid rents for 2 yrs plus, inflation reduction act, hundreds of billions to Ukraine, oil lease restrictions it all adds up. Higher fuel costs for farmers gets passed to consumers . And it all started within 6 mo of rule with biden
Friend just went to look at a 22 Ford full sized pickup, priced too high, dealer won’t budge on price.
They must not be hurting too much, even though the truck has been sitting on the lot for three months.
95K for ANY Ford Bronco that isn't a 1960's model being sold at a Barrett-Jackson auction is ridiculous...
WHO PAYS THAT MUCH FOR A SUBURBAN OFF ROADER???
Don’t buy guys hold strong this corporate corruption needs to stop. We have the power to not buy so I am not buying till they drop the price.
Jeez, in all that BABBLE, did he EVER get around to explaining how the "Chevy CEO just killed the truck market"?
Nobody should be paying those prices. Absurd.
I've heard this same story for three years and prices still haven't come down. And all the dealers are still open.
I’ll believe dealerships “colllapsed” when all of their doors are closed and I can order directly from the manufacturer…. The way god intended.
I'm going to drive my forty year old truck even more defensively now.
Bullchit. I can pay it, sure, BUT I WON'T UNTIL THEY BEG!
I love how they play sad music, as if we’re supposed to feel sorry for those nasty vampires
Mark ups and discounts are not the problem. The problem is MSRP, especially with the average interest rate probably around 10%. I could afford $40,000 car or even a $50,000 car at 3% or 4%. But at 10% it’s a different animal And most people loans are at 17% right now that I’m speaking to. The lady that answered the phone at Chrysler capital had a 800 credit score and her loan was 17%..
Howdy,
Car loans in my area are averaging 6-7% for a new car loan.
She’s lying there’s no way her score is 800 with a 17% rate .. 800 is a+ tier credit … she’s either lying or she’s just started being late on all her credit cards and loans..or her debt to income level is too high and the bank did the loan but at double the rate( go figure maxxed out in life and the bank will help you , but at double the rate). at my credit union that score will get you the lowest rate of 6.75%…
@@toddprater14 OK so which is it? Is she lying or her debt to income ratio too high?. Talk to everybody the interest rate right now is 10 to 17% for good credit. Go look at the signs they posted for you outside before you go in the building. She explained the story to me. Had an emergency situation they had to go buy a new car and the loan was 17% interest and her credit score was 800..
@@toddprater14 that’s at a credit union. Go to Carvana or any other car company they post pictures of what the credit rating is gonna be with your credit score… 600 was 24%…
@@williamrose7184 then she needs to go immediately refinance that loan with a credit union
A dealership that doesn't do markups and sells the whole inventory, what a concept!
Greed
100%
Considering I bought a tundra limited in 2016 for $43k these prices are just stupid. That eight year old tundra will outlast anything American trash companies are putting out.
These prices are all a joke. Absolute garbage vehicles. Priced to a point where no one can afford them. Excellent marketing.
The Mach E is NOT a Mustang. It's an insult.
My son bought his f150 regular cab, short bed, 4x4, 5.0L v8 in 2016 at around 30k starting, then with incentives/perks like student, veteran, loyalty as his old f550 and f250 were from them. His truck was sitting at around 28k. That was new sure. But when he went to go look and trade in, same setup truck is 49k. Just bigger ent system, redesigned body and so on. But thats outrageous 😅. So new danas, a 7.3L Godzilla crate motor, an over built trans, etc. Cheaper then buying a new truck haha
3 year ago the lots didn't have any, and now they have too many... People aren't buying them the dealerships are selling them and swapping the out to other dealers at wholesale price 🙃
Big whoop the prices and insurances are still too high and in this inflation how can anybody buy cars every year. Its such bs! I can't even afford a 20K car.
Looks like I'm going to drive my truck till the wheels fall off.
Close to $100k for a freakin' Bronco? That's in Mickey Mouse $$?
Dont worry, they are going to get a bailout again using taxpayers' money
$41 K for an entry level Chrvy or GMC?
Rudiculous!
Dec 2006 I got a deal on a Ford F150 XLT with XTR package for $316 a month cad. That's with 13% tax included. Down payment was about $1800cad.
3 year lease. Picked it up Jan 2007.
Great truck and deal, but a gas guzzler.
Try and get that deal now.
Trucks shouldn’t be more than like $45k-$50k
People are keeping their cars alot longer ....no payments ,lower insurance, lower registration... But you must do your own maintenance...also having a good neighborhood mechanic is a win too. All rhe prices are house prices just a few years ago for the pickups ! Plus interest on a 84 month payment plan ... which will add 1/3 the cost of the pickup.
$50k for a mach-e is still way over priced 😂😂
You're right. I wouldn't pay $100 for that POS.
When is the poverty level going to be 50k these cars prices are ridiculous.
I still dont understand the dealer markups knowing that it cause people to look elsewhere for MSRP and better but somehow they still believe the dealer markups will sell more cars. Insane logic😮
They’re all over priced and under engineered. The workmanship on almost every vehicle has gone into a nose dive the last couple of years. And please stop with this “sky is falling“ malarkey. These dealerships are still charging a massive amount of money and aren’t even, compromising a bit when you ask them to.
Thats not a empty lot because of sales. They ship these around to other locations
80k for a chevy is a joke
My truck is 13yrs old. To replace it with a current year same trim level would cost near double what I originally paid. Plus it has very few improvements over my old truck.
I'm a pretty frugal car owner. I have a nice truck, about 8 years old, and a Sequoia that has seen 21 years on the road. I wanted to pass this Sequoia down to my son for school and replace it with the (finally) remodeled Sequoia. But there's no way in hell I'm paying 90k for an SUV. I understand inflation is out of control, but as long as I don't HAVE to, I'm holding off on the car until this bubble pops. And it will
The one that are selling I will be careful with the ‘Lot Rot’ Toyota is having lots of recalls. Will never purchase a vehicle over $45-50K, make no sense. TOO MANY THINGS ARE GOING WRONG WITH ALL THESE VEHICLES.
Just purchased 2024 titan they gave me the discounts and 0% for 60 mouths. They didn't.
Want to do both. But I walked away and they gave in.
This is what Americans need to do more in all aspects of our lives. People need to talk about these type of things and get the people well informed. Thank you for making this video and possibly a good first step to a better world.
Would not be surprised if car manufacturers sell direct to consumers online, packaging financing, insurance, tax, registration, licensing, and trade-ins. The laws would have to change (Supreme Court). Dealerships changed into homeless shelters?
The CEO's made hundreds of millions of dollars off that overstock
I just spent $1100 on two new steel bumpers front and rear for my paid-off 2010 FJ Cruiser....laughing my @$$ off all the way to the bank...😂😂😂😂😂
In my town Chevy hasn’t dropped their prices at all and ram is the best deal around. I’m waiting for them to go down.
In Alexandria Louisiana, a 2024 F150 is starting around $63,000! That's $20,000 higher than 10 years ago. I keep my 2014 F150!
Dealers make bank on service departments. Car sales mean nothing.
Remember during COVID when they were shafting people? The Dealers were adding Added Dealer Markup and companies like Ford said that they were going to take action but that was all BS. Well I hope those brands whose dealer felt like abusing customers, PAY THE PRICE NOW.
They should stop building such extravagant trucks and cars and bring back bare bones base models without all the computers etc. Bring back manual transmissions, manual windows and seats etc so people can afford to buy something new.
Don’t buy a Colorado. Unless you have a death wish. It locks up the brakes and steering on its own. Dash just shuts off. Radio blacks out. Chevys fix is just to shut off all safety features per GM engineer. They now have had our truck for over a month with no loaner and sending their “team” to Arizona to look at our truck. They have put more miles on the truck than we have!! I would love to share our story with anyone willing to share with a platform. Btw this is the second Colorado they have given us since August of 2023
V6 Colorado is great. Screen has issues but very minor occasionally nothing to complain about.they are everywhere
I purchased 2025 Subaru Forester, having dealt with Jeep & other dealers. The price increases of jeep and the lack
of dealers that wanted to sell pre owned and new. From my experience, they are not alone. I walked out of at least
1 dealer, and concern for those with the money to pay their price pathetic. For me I found unicorn dealer with fair
deal under the present circumstances, and little apparent interest to sell inventory.
The old sales mantra re pricing: Go Up Fast, Go Down Slowly. That's (one way) they pad margin.
In other words they will drop price ONLY when they can't take the pain anymore. 2:03
Thanks for another excellent video, measuring the market on the new car craziness. The car dealers and manufacturers greediness over the past few years is still there. I would totally balk and walk at these still crazy prices! It just makes me love my used 2016 Toyota Tacoma SR5 quad cab. May the dealers "go and kick rocks" asking the consumer to pay so much for a vehicle.
The mid twenties for a reliable new vehicle is the maximum a struggling family should have to pay for a new car, and that is asking a lot!
Went to get my buick service a few days ago. That lot was PACK I MEAN PACKED PEOPLE!! They are HURTING
It's just ridiculous. Sell your vehicles. Did they forget how to sell volume. Give the consumers discounts and low interest rates. If you sold your vehicles at slightly lower than MSRP without any shenanigans and markups.
You would have made record profits, and we would all have nice vehicles.
Instead, greed and stupid prices will equal no ones going to buy your products. Now we all are not going to even try. A new truck costs as much as a small house used to. Keep shooting your foot, and we will not buy anything.
Those empty slots are created to make you think that they are selling a few units.
Those 2024 Explorers are the outgoing models and should be discounted with 2025s on their way (maybe)
My first home cost $90k in 1986… some how trucks cost more than that, 10 years later I sold it for $162,000, let’s see a truck do that! Trucks are perishable items, 50k is still to much….
From 1970 Up until 2020, $20k off MSRP for a truck was the norm for domestic trucks. That was BEFORE the massive price increases, so now it would be 40% off as the true value. I don't know how people have a 7 day memory.
I find this insane. Insane because in Casper, Wyoming I got my 2024 Chevy Silverado 1500 LT with black badging, blacked out Aluminum 20 inch rims, and the 3.0 Duramax Turbo Diesel 4x4 for $54,126.00 off the lot. MSRP was $59,218.00, with dealer "mark up"(destination charge) it brought the truck to $61,026.00.This was in April, salesman comes back into his office, slides the paperwork in front of me and says, "So congrats on your new truck, here is your price, $54,126.00 and a $2,500.00 GM discount..." I financed it, and they applied my $2,500.00 discount (my 2007 Chevy Trailblazer wouldn't have gotten me that much on trade in) as my down payment. So I got essentially a $60,000.00 pickup for $54,126.00. Now don't ask me what taxes and registration cost in Wyoming at the County Treasurer's office..... Okay I'll tell you. $2,818.58 in taxes. $1,000.00 for registration for a year.
Dude that's not that great of a deal. They still hosed you.
I just bought probably the cleanest 2008 Chevy Tahoe in Massachusetts for $13,000 cash private deal. I’ve put after tax’s including a $900 mass tea tax about $3,500 into it to make it nearly as clean as it was off the assembly line. Runs amazing shifts flawless stops on a dime and the front end handling after $1,200 in parts is almost too tight now. The paint is immaculate the interior immaculate minute a crack in the dash I can fix for $400. $16,500 for an suv that’s payed off looks brand new vs an $85,000 Tahoe. I’ll take mine every time.
Take the losses and adjust. Auction won't help since no one wants these trucks.
Never buy a 2022-2024 Tundra. Complete garbage at any price.
A lot of those trucks cost almost as much as my house that I bought in 2002. I paid 24.8k for a brand new 2001 Silverado, and it's still running great. I can't believe people actually pay these prices.
KARMArket😂 They are not selling the trucks..just sending them to other dealerships to sell or auctions
Any dealership that does pre-addons to boost the price up, I would just walk away from.
Def enjoyable watching all these dealers collapse unable to sell all these crazy marked up vehicles.
A base trime pickup in 4wd should not be more then 35,000 dollars.
It was not that long ago prices reflected that.
Inflation and price gauging is increasing while wages are stagnating.
the blame goes straight to the dealer and the manufacturer but mostly the dealer
It is unbelievable how insane, for a pice of junk that will be recalled in a few months for their quality
7:20 the fact that they expect you to pay "new car" prices on a 2023 is ridiculous. The second you drive it off the lot you're not just losing on the fact that it is used, but it's already a year old used. ANY 2023 vehicle should be discounted a min of 20% off msrp.
Here in Ontario canada, a dealer has a new special edition Daytona charger for over $150 k ! Insane ! Haha
These dealers have their heads up there ass! Crazy !
Good video guys 💯
Prices haven't returned to normal because inflation is here to stay.
Deflation has to occur for prices to return to 2019 levels. If not there will be no buyers for these vehicles.
And with that much deflation nobody will be working to buy anything
Got offered $1,000 for a 2007 chysler sebring in mint condition with 94,000 miles. Now that's ridiculous.
I just bought a 2024 gmc 1500 sierra elevation, v8, 4x4, crew cab, center stick down the middle, driver power seat, heated seats, steering wheel, dual zone climate etc...for 57k. Out the door. With the downpayment i saved for and the 3500 bonus cash..put me where i wanted to be...knowing that everywhere i went was over my budget. I was looking for a car for like 7 months...so if u can hold out till.u see a cheaper price than normal
SR5 2019: 37k
SR5 2024 57k.
No thank you.
I wonder how many of these "missing" vehicles are being resold at CoPart.
A dealer with inventory, I’d be more concerned if they didn’t.
The merchants are getting greedy, not only cars, houses too
I guess no one asked any Toyota dealer anywhere in the nation not only are they having a great year but are still charging markups at many dealerships.
Well at least if you pay a lot for a Toyota, you know it's going to last 15-20 years
@@davidz1681 Or 15-20 running hours for a Tundra turbo engine.