Dealers need to feel what we felt for the last 3 years. They had the nerve to charge over MSRP. I say let all these cars ROT and force them to sell it to us where we can actually afford it.
Agreed 100%. Greedy manufactures and dealers. There are cars and trucks. That are 2 years old on the ground. There is no good deal. You can’t work a deal with greedy people
@@sarkisseywaz2127true. They would rather sell it at dealer auction or use as a loaner, rather than give significant price cuts to a customer. They are afraid word would get out if they give too much off. They don't want the market prices to go down. They don't want customers to come to expect large discounts.
Local Ford dealer has over 50 F-150s advertised for under $45K, many under $40K. Each has a dealer discount (?) of $11K or more. The dealer has an equal number of F-150s between $46K and $60K or so.
This is probably the most informative, yet encapsulated video, concerning the automobile market, that you've done, and I am VERY greatful for the info you've given us!
There is something’s wrong with lightning. It’s not selling. Truck can tow only 100 miles. There is years of supply on the ground. They tried to rip people off. And it’s back firing on them
I played golf today with a salesman from Honda here in southern Ontario and he was telling me that thet cannot keep enough cars on the lot so no need to negotiate. People are paying whatever the dealer wants. Not sure though if it is like that for all dealers.
That’s simply gross but it’s residual from the pandemic pricing. Buyers have been a big factor in these new prices. Honda, Toyota and Lexus are known to have very low number of days supply but are more of an anomoly
People need to factor in to their new monthly payment a couple hundred more for car insurance. The insurance companies should send you a complimentary jar of Vaseline.
This is a very informative video. I'm looking at Mazda for my next vehicle. Honda and Toyota have gone the way of the dodo. Thank you, sir, for your dedication to helping the everyday buyer, like me, make an informed and wise decision!
I will never have a desire for Mach E's or Lightning's. I called today on a new pld stock "2023" Chevy Colorado LT but they still want full msrp. They even said "call for the sale price" but its just an old school way just to get you to call. A lot of GM dealers will not budge. I hope it keeps rotting away till its scrap. I really want a truck but not till they really really drop. And I don't feel sorry for dealers who had software issues in June. They would have scammed even more people
That’s the closest thing to a deal in Ram territory but chatting with insiders, the dealers are very motivated to move the classics and I would honestly push a little more. It’s still a bit high
Auto prices are still out of range for regular people. Insurance in la. Is high to add salt to the wound. State farm full coverage for a 2011 truck single cab is a tad over a hundred a month with a clean driving record.
Absolutely, driving a new vehicle is becoming a rich persons game and the idea of having the affordable house, car, dog and 2.3 kids is out of reach for many.
And how is that good? How many times has Musk decided to lower his prices? Tesla's selling process is nothing great. It simply relies on people believing rather than knowing. Just ask all those Tesla buyers who now realize they paid far too much for the illusion (or delusion) of "cutting out the middle man" saving them money. Of course you can easily duplicate that wonderful Tesla model at any dealership. Simply pay the asking price and ask no questions, exactly as you do with Tesla.
Talking simply about cutting out the middle man. Avoiding dealer mark ups. Not doing business exactly like Tesla. Only using them as an example of how they sell directly to the public. I would like a system where everything was simpler and way cheeper, rather than dealing with shady sales people. But I'm sure some keyboard cowboy is going to take this response out of context and school me like the last two Tesla experts just did.
@@areuhurtedwendy Keyboard Cowboy here with nothing out of context just some facts reflecting decades of finance knowledge. Buying a car can be very simple. Just walk into a dealership, ask for the price, pay the price, drive away happy. Just like with Tesla. Oh wait, with Tesla you rarely drive away, you must wait for delivery. Tesla was the crux of your original comment. So nothing is out of context. Even if they "cut out the middle man", the manufacturers will still need to have sales people, delivery people, shipping people, finance centers, and service centers. All this costs money. It is almost assured manufactures selling direct to the public would fall into the same sales games dealers play. Manufacturers would see profit in financing reserve, overpriced add-ons, and overpriced finance products. Eliminating dealers would not likely result in significantly lower prices as it would eliminate competition. As we have seen with Tesla and all Musk's price changes, when there is no competition sellers have no incentive to sell cheap. Manufacturers are businesses who want to earn as much profit as they can. There is no reason to assume any car manufacturer would have a business plan intended to minimize profit or benefit the car buyer. Cheap was the crux of your followup question. Again nothing out of context here.
@@jerrylundegaard2592 There is no way not to save money cutting out the dealer and the finance a. hole at the dealer. Set up finance at credit union prior to car purchase.
I just can't pull the trigger on a new F150. I can't stomach $50K for base model. I'd rather pay all cash for 8-12 year old truck ($15K give or take in my area for Lariat and sometimes Platinum if you look hard enough with probably 100K miles left in engine and transmission).
@@rachelgreen1368 I've been looking at other trucks but no one in my family has owned anything but Ford trucks. I don't mind being the black sheep but I have no knowledge of anything but Ford.
Thank you for your hard work and excellent videos. Still have one question to you. You are pressing hard on Mazda 10x reliability... What about it's engine prone to hard carbon buildup. I visited some Mazda fan chat and they all complain on the issue. They came to terms that engine must go shell blasting every 30K. That's expansive and PIA addition to the cost of ownership. Are you aware of it or this info is wrong?
Yes, absolutely. That’s a sad result of direct injection and most makers are stuck with similar issues but Toyota and Lexus actually use dual port and direct systems so carbon fouling is not really an issue
Did you consider that manufacturers are trying to shake off the dealers. You know making them buy the cars, keeping the price high so they won’t sell? Seems they keep trying what Tesla is already doing.
Umm, even at 20k off it's still over priced and unaffordable for most working people, especially at 6+ percent interest. I hope these vehicles rot on the lot!!
Overpriced trucks are still selling at ridiculous prices, maybe not quite as ridiculous or quite as fast as 2 years ago, but they’re selling to stupid buyers and dealers are still doing ok. There is no “opportunity” here.
Nothing is selling because we are tapped out due to inflation. I only get a 3% raise each year and it’s not keeping up with inflation. I make fairly good money but I am paying down debt and only buying essentials. I don’t understand these manufacturers and dealers. Toyota as an example doesn’t build or stock any vehicles close to the base models. The base models typically have most of the features you want - power everything and cruise control. I don’t care about the electronics - just give me a Bluetooth connection to the radio. I agree with you - really liking Mazda price point and good quality. I know that the old Mazda 3s were really reliable and easily last 200k with minimal maintenance. If you want a Toyota product buy a new 4Runner or used everything else. The new engines are falling apart due to a design flaw. You would expect those clown asses to put that shxt through a brutal testing program. Let me test it and see how good it is!! 😂😂
Meh. If we wait until the REAL pain starts, and some go bankrupt, then we can get even better deals and schadenfreude that's priceless. They have been saying "screw you" for a while, and most have always been dishonest, unethical businesspeople. Let them feel the pain. Let the ones that aren't truly exemplary in terms of ethics and customer service, get taken out, hopefully for good. If you must buy a new car (I wouldn't touch most of the latest offerings, with even quality standouts like Toyota trucks taking a nosedive while prices jump even higher) but if you must, buy through Costco or some other outlet that isn't a car lot. It's time for Darwin.
@markholubetz the little unibody Fiat-Jeeps were trying to compete with Subaru, which makes some cool cars in its own right. Subaru, though, has kept their prices relatively sane, and most models will go over 300k miles if you push them. They rank way up there in quality. Jeep's rebadged Fiat mini-SUVs, well, they sure don't.
Doesn’t matter how low the prices go, if you are going to struggle making the payments DO NOT buy the car. If you have a car that runs why are you buying one of these overpriced vehicles at outrageous interest rates.
Get a good deal for what...a troublesome, unreliable, poorly built, risky vehicle? The risk may be worth it at 1/2 off MSRP, lifetime bumper to bumper warranty, free towing, free loaner, free lifetime tires, and free Top Tier gas for the life of the vehicle! Even then...I'd have to think about it!
U will never get 10k or 20k off this is ball face lie n if u try this at ur dealership u will see 😂😂😂😂😂5k off dealers mad asf already ,been shopping for months n all the dealerships about 90% of them all evil ,Lexus dealerships treat me right got another IS350 all black with red interior 🇺🇸🤠💪🏽🇺🇸
@@drewski1441 I remember my Dad’s point A to B car for. 30 min commute to work was a Datsun. That car never had problems, even after I started driving it.
@@sueinraleigh3091 I remember the Datsun B210. Zero to sixty in under 30 seconds. I remember by GF at the time wanting a B210. We took one for a test drive. I recall telling her the B210 was a "death machine." I did have an early 2000s Maxima which was a great vehicle. I also had a 2010s Altima which was garbage.
Tesla has a minor slow down and you talk they collapsing like legacy auto. Tesla still making money.. pointing at Tesla every episode doesn’t actually make more legacy auto people are smarter than that.
@@markholubetz R&D has slowed considerably for EVs due to their unpopularity, shops and mechanics are scratching their heads on repairs and high repair costs, performance is trash(often exaggerated by dealers), charging plans and charging availability is horrible, warranty repairs are lengthy and so on and on and on. These vehicles were overpriced often by as much as 50%, bringing them down 30% doesn’t mean they are discounted but IS a sign of where they are headed in the future. Buying an EV now, I feel is comparable to buying a product that is due to be discontinued or shelved for a later date 🤷♂️
Dealers need to feel what we felt for the last 3 years. They had the nerve to charge over MSRP. I say let all these cars ROT and force them to sell it to us where we can actually afford it.
Agreed 100%. Greedy manufactures and dealers. There are cars and trucks. That are 2 years old on the ground. There is no good deal. You can’t work a deal with greedy people
Well said. 👍
@@sarkisseywaz2127true. They would rather sell it at dealer auction or use as a loaner, rather than give significant price cuts to a customer. They are afraid word would get out if they give too much off. They don't want the market prices to go down. They don't want customers to come to expect large discounts.
20K off, great now they're only slightly unaffordable.
50% off is a starting point.
I beg to differ. 20k off ain't nearly enough. At 20k, they're still majorly unaffordable; well, for me, anyway...
@@sparkydogsparky2992 I agree with you that was the point of my comment.
@1974Qball yep. 50% is just the starting point considering system as a whole
Local Ford dealer has over 50 F-150s advertised for under $45K, many under $40K. Each has a dealer discount (?) of $11K or more. The dealer has an equal number of F-150s between $46K and $60K or so.
20k is a good start. Not getting me on the lot for that when they are 30k - 40k overpriced.
Prices still need to come down way more!
50% off is a starting point eh!
They aren't scrambling and no the market hasn't changed. It's all still overpriced
This is probably the most informative, yet encapsulated video, concerning the automobile market, that you've done, and I am VERY greatful for the info you've given us!
Thank you so much for the support, I really appreciate that and I am glad it helped.
There is something’s wrong with lightning. It’s not selling. Truck can tow only 100 miles. There is years of supply on the ground. They tried to rip people off. And it’s back firing on them
Own a 2014 Mazda 3, bought it from dealer as a demo, still running been awesome vehicle. Just oil, tires and gas.
Very nice!
I played golf today with a salesman from Honda here in southern Ontario and he was telling me that thet cannot keep enough cars on the lot so no need to negotiate. People are paying whatever the dealer wants. Not sure though if it is like that for all dealers.
That’s simply gross but it’s residual from the pandemic pricing. Buyers have been a big factor in these new prices. Honda, Toyota and Lexus are known to have very low number of days supply but are more of an anomoly
Another great informative video Mark. Have a great weekend
Thanks, you too! Enjoy the weather.
Mitsubishi hasn’t had a car I’d want since the Evo. Only time I see one is while in the hood.
People need to factor in to their new monthly payment a couple hundred more for car insurance. The insurance companies should send you a complimentary jar of Vaseline.
In what universe you are getting your no’s. You are changing your tunes now. You have made 180 degrees turn. Lol
How would loss of dealers be a problem for manufacturers or consumers. Seems like a win win for them.
This is a very informative video. I'm looking at Mazda for my next vehicle. Honda and Toyota have gone the way of the dodo. Thank you, sir, for your dedication to helping the everyday buyer, like me, make an informed and wise decision!
I will never have a desire for Mach E's or Lightning's. I called today on a new pld stock "2023" Chevy Colorado LT but they still want full msrp. They even said "call for the sale price" but its just an old school way just to get you to call. A lot of GM dealers will not budge. I hope it keeps rotting away till its scrap. I really want a truck but not till they really really drop. And I don't feel sorry for dealers who had software issues in June. They would have scammed even more people
I agree, prices are still pretty high, and they can keep it. If a dealer wants to deal then that’s fine r, otherwise …..
Our canadian Richard Rawlings! When do you think it'll be the right time to buy a 1500 pickup truck in ontario canada
I heard about some cdjr dealers offering 20k off. I haven't found one yet...
I love your videos! What do you think about a 2023 new old stock RAM Classic, $55,500 CAD out the door all in?
That’s the closest thing to a deal in Ram territory but chatting with insiders, the dealers are very motivated to move the classics and I would honestly push a little more. It’s still a bit high
Thanks very much Mark! Your videos are the best! I especially like your “Lunchbox Joe” term! The boys at work use it all the time now!
I hope the market can get to where people can afford to buy.
Yes I agree and all we can do is lean into this market hard
Good job!
Thanks very much
Auto prices are still out of range for regular people. Insurance in la. Is high to add salt to the wound. State farm full coverage for a 2011 truck single cab is a tad over a hundred a month with a clean driving record.
Absolutely, driving a new vehicle is becoming a rich persons game and the idea of having the affordable house, car, dog and 2.3 kids is out of reach for many.
Are you hearing anything about suburbans? Life changed a bit and I need a people mover, but there is no way I’m paying 100k for that truck.
Why would you buy lot rot just to get a deal?
@knightofelemia1567 True. 😊
Over complicated and overpriced buying used and keeping them maintained.
pricey for sure and very complicated
We should be able to buy factory direct and cut out the "dealership" middle man.
Tesla does it.
100 percent
And how is that good? How many times has Musk decided to lower his prices?
Tesla's selling process is nothing great. It simply relies on people believing rather than knowing.
Just ask all those Tesla buyers who now realize they paid far too much for the illusion (or delusion) of "cutting out the middle man" saving them money.
Of course you can easily duplicate that wonderful Tesla model at any dealership. Simply pay the asking price and ask no questions, exactly as you do with Tesla.
Talking simply about cutting out the middle man. Avoiding dealer mark ups. Not doing business exactly like Tesla. Only using them as an example of how they sell directly to the public.
I would like a system where everything was simpler and way cheeper, rather than dealing with shady sales people. But I'm sure some keyboard cowboy is going to take this response out of context and school me like the last two Tesla experts just did.
@@areuhurtedwendy Keyboard Cowboy here with nothing out of context just some facts reflecting decades of finance knowledge.
Buying a car can be very simple. Just walk into a dealership, ask for the price, pay the price, drive away happy. Just like with Tesla. Oh wait, with Tesla you rarely drive away, you must wait for delivery. Tesla was the crux of your original comment. So nothing is out of context.
Even if they "cut out the middle man", the manufacturers will still need to have sales people, delivery people, shipping people, finance centers, and service centers. All this costs money.
It is almost assured manufactures selling direct to the public would fall into the same sales games dealers play. Manufacturers would see profit in financing reserve, overpriced add-ons, and overpriced finance products.
Eliminating dealers would not likely result in significantly lower prices as it would eliminate competition. As we have seen with Tesla and all Musk's price changes, when there is no competition sellers have no incentive to sell cheap.
Manufacturers are businesses who want to earn as much profit as they can. There is no reason to assume any car manufacturer would have a business plan intended to minimize profit or benefit the car buyer.
Cheap was the crux of your followup question. Again nothing out of context here.
@@jerrylundegaard2592 There is no way not to save money cutting out the dealer and the finance a. hole at the dealer. Set up finance at credit union prior to car purchase.
I just can't pull the trigger on a new F150. I can't stomach $50K for base model. I'd rather pay all cash for 8-12 year old truck ($15K give or take in my area for Lariat and sometimes Platinum if you look hard enough with probably 100K miles left in engine and transmission).
Ram 1500 V8 Laramie is so much better with really luxury interior.
@@rachelgreen1368 I've been looking at other trucks but no one in my family has owned anything but Ford trucks. I don't mind being the black sheep but I have no knowledge of anything but Ford.
I would love to have a Mazda or Honda Ridgeline
Mazdas are a strong competition these days for Toyota and Honda
Thank you for your hard work and excellent videos. Still have one question to you. You are pressing hard on Mazda 10x reliability... What about it's engine prone to hard carbon buildup. I visited some Mazda fan chat and they all complain on the issue. They came to terms that engine must go shell blasting every 30K. That's expansive and PIA addition to the cost of ownership. Are you aware of it or this info is wrong?
Yes, absolutely. That’s a sad result of direct injection and most makers are stuck with similar issues but Toyota and Lexus actually use dual port and direct systems so carbon fouling is not really an issue
@@markholubetz Many thanks, Mark!
FJB
Need get that windshield of yours replaced. lol. Nice big crack.
Did you consider that manufacturers are trying to shake off the dealers. You know making them buy the cars, keeping the price high so they won’t sell? Seems they keep trying what Tesla is already doing.
It does sort of feel like a corporate squeeze
Umm, even at 20k off it's still over priced and unaffordable for most working people, especially at 6+ percent interest. I hope these vehicles rot on the lot!!
I don’t think they’ll have a hard time selling with all the free advertisement
haha, nice
I buy a vehicle for function, not form I also don't need a 200mph vehicle
You’ll never get a speeding ticket, they won’t be able to catch you! 🤔
I'm seeing landscapers and plumbers using Mazdas to haul their trailers that contain their lawn mowers they aren't even buying trucks anymore
I will pay 5k for a new truck no tax
cheers
Overpriced trucks are still selling at ridiculous prices, maybe not quite as ridiculous or quite as fast as 2 years ago, but they’re selling to stupid buyers and dealers are still doing ok. There is no “opportunity” here.
Nothing is selling because we are tapped out due to inflation. I only get a 3% raise each year and it’s not keeping up with inflation. I make fairly good money but I am paying down debt and only buying essentials. I don’t understand these manufacturers and dealers. Toyota as an example doesn’t build or stock any vehicles close to the base models. The base models typically have most of the features you want - power everything and cruise control. I don’t care about the electronics - just give me a Bluetooth connection to the radio. I agree with you - really liking Mazda price point and good quality. I know that the old Mazda 3s were really reliable and easily last 200k with minimal maintenance. If you want a Toyota product buy a new 4Runner or used everything else. The new engines are falling apart due to a design flaw. You would expect those clown asses to put that shxt through a brutal testing program. Let me test it and see how good it is!! 😂😂
Ford EVs sales are actually almost doubling.
Rams are selling good in NC. Another thing ram doesn't have 18,000 off so many lies about trucks.
Not in these parts, and even worse with the diesel 2500/3500s
10k off is normally a great deal.
That’s true
Meh. If we wait until the REAL pain starts, and some go bankrupt, then we can get even better deals and schadenfreude that's priceless.
They have been saying "screw you" for a while, and most have always been dishonest, unethical businesspeople.
Let them feel the pain. Let the ones that aren't truly exemplary in terms of ethics and customer service, get taken out, hopefully for good.
If you must buy a new car (I wouldn't touch most of the latest offerings, with even quality standouts like Toyota trucks taking a nosedive while prices jump even higher) but if you must, buy through Costco or some other outlet that isn't a car lot.
It's time for Darwin.
Exactly
Did you ever see a 70 day supply of Teslas??
yea no they are 90% over actual value so a deal would be 91% off
Let them rust away. Overpriced poorly built heaps of junk
Still too many people buying….
A Jeep Compass for over 50 grand? That's an entry level POS!
Exactly, its a joke
@markholubetz the little unibody Fiat-Jeeps were trying to compete with Subaru, which makes some cool cars in its own right.
Subaru, though, has kept their prices relatively sane, and most models will go over 300k miles if you push them. They rank way up there in quality. Jeep's rebadged Fiat mini-SUVs, well, they sure don't.
Who in their right mind would want a electric vehicle
There are some
Doesn’t matter how low the prices go, if you are going to struggle making the payments DO NOT buy the car. If you have a car that runs why are you buying one of these overpriced vehicles at outrageous interest rates.
Get a good deal for what...a troublesome, unreliable, poorly built, risky vehicle? The risk may be worth it at 1/2 off MSRP, lifetime bumper to bumper warranty, free towing, free loaner, free lifetime tires, and free Top Tier gas for the life of the vehicle! Even then...I'd have to think about it!
Just now panicking? Little late.
just a little
U will never get 10k or 20k off this is ball face lie n if u try this at ur dealership u will see 😂😂😂😂😂5k off dealers mad asf already ,been shopping for months n all the dealerships about 90% of them all evil ,Lexus dealerships treat me right got another IS350 all black with red interior 🇺🇸🤠💪🏽🇺🇸
In Eastern Canada right now, Mitsubishi is offering a no-charge extended warranty valued at up to $3,750. 😲
You will need it.
Who would buy Nissan these days?
I think the 2025 models will need another look. They’re ditching the CVT.
Nissan vehicles without the Cvt are pretty reliable. The Nissan frontier is a excellent truck.
@@drewski1441 I remember my Dad’s point A to B car for. 30 min commute to work was a Datsun. That car never had problems, even after I started driving it.
@@sueinraleigh3091 I remember the Datsun B210. Zero to sixty in under 30 seconds. I remember by GF at the time wanting a B210. We took one for a test drive. I recall telling her the B210 was a "death machine."
I did have an early 2000s Maxima which was a great vehicle. I also had a 2010s Altima which was garbage.
Tesla has a minor slow down and you talk they collapsing like legacy auto. Tesla still making money.. pointing at Tesla every episode doesn’t actually make more legacy auto people are smarter than that.
thanks for sharing
Nissan worse cars in the market. They should give 100000 miles warranty.
For sure with some of the worst transmissions on the market
Sell cheap EV s they will sell 😮
Exactly
I don't buy that story Bro
Well that’s the deal, unfortunately right now
Here
Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production
PUBLISHED THU, JUL 11 2024 7:44 AM EDT
Another taxpayer bailout. That's basically what it is, and we have to pay for it. Not only that, it's a bailout of a foreign company.
@@ironcladranchandforge7292November can't get here fast enough 😫.
Why tf won’t these politicians let the market work?
Don’t buy EVs!!
Not a fan?
@@markholubetz R&D has slowed considerably for EVs due to their unpopularity, shops and mechanics are scratching their heads on repairs and high repair costs, performance is trash(often exaggerated by dealers), charging plans and charging availability is horrible, warranty repairs are lengthy and so on and on and on. These vehicles were overpriced often by as much as 50%, bringing them down 30% doesn’t mean they are discounted but IS a sign of where they are headed in the future. Buying an EV now, I feel is comparable to buying a product that is due to be discontinued or shelved for a later date 🤷♂️