Automakers Have Gone Too Far
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00:00 - Intro
What's up, you guys? In today's video, I will discuss the car market and why automakers experiencing declines in net income are full of it.
00:10 - The Car Market is a Mess
01:42 - The Data
04:30 - Automakers Are Making More Than Pre Pandemic
05:39 - This is a Trend
08:38 - Closing
I hope you guys enjoyed this video; make sure to hit the like, subscribe, and the notification bell, and I will see you guys in the next video.
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#Dealership #AutoMakers #CarPrices
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Refusal to buy is always the consumers' strongest weapon.
Outright boycott is even stronger actually.
Yes and that's starting to happen finally.
Fleet/government purchases are the only reason things haven’t tanked for OEMs
I can afford any car I want but refuse to buy anything other than a Tesla y for my wife. People wonder why they are living paycheck to paycheck, car prices highlight the reason why. People need a lesson in finance and how the TVM can make you wealthy or in many cases keep you struggling.
I planned on a new car around 2020 but I didn't so my Rav4 is 9 years old now but I'll just keep it.
Stop buying
Its the American way 😂😂😂
You got that right.
That's about the only real power common people have left. Vote with your money.
Lmao😂
Ford = junk
I had a jackal Toyota dealer in California try to sell me a Rav4 with a $5,000 markup so I wasted about an hour of his time getting all the info I needed then bought out of state without the markup for $1,200 below MSRP. Shop around people.
Were you worried about bring car into ca? I would love to buy out of state. Im afraid they wont let me register it here
@@TheDragon160 Why… how can they if it meets all requirements including emissions? Automakers don’t generally make different vehicles for different states.
@@gr8dvd I am not a car guy. I just know vehicles in ca, say meets ca air guidelines.
I have never lived anywhere else, i just know ca is hardcore (in a bad way)
@@TheDragon160 I’d say ‘hardcore’ in a GOOD way (generally, sure there are some exceptions). Can’t recall specifics but several vehicle regs subsequently adopted nationwide including requiring a certain % of a manufacturer’s cars to be fuel efficient. Regardless, you should be able to shop/buy out-of-state if CA pricing is astronomical… just check specific make/model 1st.
Why blame the employer and hurt them for the company’s policy. It’s the boss and manager doing that, not the poor salesman you’re harassing trying to pay his bills in an expensive state.
People complain about the prices and then pay them anyway. If we all refuse to pay these ridiculous prices then they will be forced to lower them. Vote with your wallet people.
Yes - people complain and, rightfully so BUT people still need to be able to move / travel about , go to work and such AND , MORE IMPORTANT - have a dependable vehicle.
@@coycarlson4979 You don't have to have a new vehicle to have a dependable vehicle
Reduce immigration who have zero debt, prices will drop.
@@coycarlson4979 you don't have the right to a new vehicle, you buy what you can afford.
It's never a realistic strategy until things get REALLY bad. Otherwise, people eventually need a vehicle or just want said vehicle and have more than enough money to pay so they do.
It's the same reason why people accept the house prices currently given in the US.
Meanwhile, my Suburban turned 21 this year! Can finally legally purchase alcohol on its own.
Imagine overspending $20k on a pickup truck that's been sitting on the lot for 28 months and will need a new battery off the lot 😂
My Buick is 20yrs old and going strong. My Truck is 32yrs old and going strong. Both in great condition still.
My Silverado is 20. Ppl come up to me on the street on a regular basis offering me cash for my truck
LMAO😂
@@bren42069same here. I got offered 12g cash for my 96f350 2x4. I said NO! I'm keeping it.
Problem is the bad consumer habit of leasing and owning the latest and the techiest cars every few years. Stop buying new cars and let them rot in the dealership. Few years of this and the car industry will reset after few of them going bankrupt. Much needed at this point for the consumers.
We have a counter revolution going on in King County (basically Seattle) against the Almighty Car. Plus generation Z has given up on the good life too expensive. If we keep this up what you are talking about maybe not all that important to future generations who don't live in houses and own cars.
I think grammar-wise, it’s “fewer” cars, vs “less” cars. But, a lot of folks use “less” (my mother was a grammar Nazi, what can I say?) 😊
Can’t recall any time past(have lots of that) when cars have been this badly overpriced and the mechanics have been poorer! Reason why we have one vehicle 13 years old.
@@richardandre9811 Cars are priced like Real Estate these days, worse they depreciate in value compared to a house.
Consumerism is the only thing keeping capitalism growing lol. Less consumption = less growth. The system is literally predicated on mass waste.
I’m not interested in buying a car that the manufacturer acts like I don’t actually own, tracks everything I do and sells my information. Especially with all the built in complexity and early obsolescence they’ve been adding. I’ll keep my old cars as long as they’ll run. Not buying new at ANY price.
Amen
This 100%
It never changes. When companies can find a legit reason to raise prices, they will. When the reason for that price increase goes away, companies will NOT lower prices again, unless regulations or market pressures force them to do so. Most of the current “inflation” we see today is just companies keeping higher prices long after the supply shortages and supply chain issues caused by covid have long since been fixed.
I'm trying to keep my 8 year old car running for a long time. Screw the manufacturers and dealers.
Mine is 10 years old and going strong.
15 year old Honda reporting in!
20 year old Toyota going strong
9 yrs and 98k miles and just broken in!
22 yo Wrangler w/98k, 19 yo Outback w/165k
$17000 price increase in one year. These mf's have lost their damn minds.
they found greed in 2020
It's called "greedflation".
@@mbitetto67 it's called "inflation." M2 money supply was increased by nearly 40% between March 2020 and April 2022. This increase in circulation and led to real inflation of 30%+ While there may be greed, the bulk of it is caused by government spending.
If they sell the truck at 50k as it should be, flippers will buy them up and resell for 75-80k. Toyota and the rest of the manufacturers basically said let's just up the prices since people are willing to pay more for rare vehicles. If flipping was punished as it should have been, we wouldn't have been here. It happened with Vettes, Broncos, Teslas, RAV4 Prime, etc.
And wait they are probably not done yet.
I'm never buying a new car ever again, even if the market adjusts. I currently have a 2015 Honda CRV with 145K miles on it. I bought it with cash about three years ago and I plan on driving it until the wheels fall off. These car companies are insane.
Smart move
I don't think the wheels will fall off as long as you live! 😆😆😆
wouldn't you need to buy another car after the wheels fall off?
@@peterirvin7121 Yes, but not a new car. Used is what I'm saying.
It’s a Honda it’ll run forever with regular maintenance. I’ve got a 2004 Civic hybrid. It’s not showing signs of stopping. Good luck.
It is not only the ridiculous pricing, it is also that they are bloated with tech that I don't want and especially, full of spyware. I'm not buying a car that spies on me with cameras and collects all kinds of personal data, including from your own phone to be used anyway the manufacturer wants. I want my damn stick shift, mechanical emergency brake and ability to do minor repairs myself back too. I am not looking for self drive, touch screens or a home theater to distract me.
Spyware? Ha ha ha ha ha ha ha, get a grip. Do you really think that tech companies don't try to prove this on a daily basis just so they can sue the motor firms? If they can't prove it, with millions of dollars funding to research it, why on earth do you have a foil hat on claiming they do? No-one gives a shit what you do on a daily basis.
If I ever get a car of my own I want an older one specifically so I can be free from modern conveniences.
2007 Honda Accord 5 speed. Love it. Fun to drive. Looks good. Great gas mileage. 2005 Lexus RX330 with 330,000 miles on it. Picked that one up for $1K last year. Got compliments from the neighbors who thought it was a new car. 😂
TRD PRO 2024
$63,900 before markups.
Quick math:
$6,400 down (10%)
+ tax and interest (7.64)
60 Months Payment: $1260
@12.5% of take home pay you should be earning $157,500 annually to be looking at this car (assuming the appropriate taxes are coming out of your paycheck).
National average wage (US Census): $63795.
Percentage making $150k annually: approx. 8.3%
5 Year price increase Toyota Tacoma TRD Pro:
2019 MSRP: $42,960
2024 MSRP: $63,900
49% increase
Wage growth 2019-2024: 1.7% (Source: US Treasury)
These price increases far outpace inflation and wage growth.
Toyota is targeting 8% of total market. Or people who just want to act fiscally irresponsible.
yes. Add in crazy gas prices...
$1260/month for a Tacoma... dayum.. The Taco just moved into the group of vehicles that when I see someone driving one, I immediately wonder how stupid they are.
Boom
$64k for a mid-size truck is mental.
And you're supposed to take this thing that's worth more than the annual salary of most people buying one on rough trails? 😂
Is $63,900 for any vehicle insanely expensive? Absolutely.. but you can’t take a specific vehicle and compare it in price to the same trim level of a previous generation model. Other than the nameplate, they’re 2 completely different vehicles. The real issue is that manufacturers are justifying the price tag with the complexity of the build when no one asked for it. The trd pro was never supposed to be an affordable, reasonably spec’d out vehicle for the average consumer. It’s an over the top truck made for people with lots of toy money laying around. So while I overall agree with the point being made in this video, the TRD pro taco is a bad example.
As long as people buy these things it won’t stop. Consumers complain about corporate greed but not their consumerism
Don't worry they always stop when the money runs out. Have you seen the mass layoffs? Have you seen the old dementor print money and helicopter it like before. That means they want a crash, hoping for a reset. The problem is this time it will be the grandmother of all depressions. You want proof, because it's the grandmother of all bubbles.
@@leos3003”mass layoffs” are normal and are still lower than previous years, you can literally look up the numbers and compare them to 2019, 2018, 2017, …….etc,….. it’s actually lower now than before
@@leos3003also printing money has never been an issue until 2020 and early 2021. What caused the inflation was government spending, shutdowns, supply chain issues, and oil prices.
People don’t realize that the US and all other country’s economies collapsed in 2020
exactly!...everyone wants everything and at a price they think is 'fair'
people are entitled and spoiled.
You are 100% right
Took my 2018 Tacoma in for an Oil change.
They asked me if I wanted to check out a 2024 TRD Sport.
I walked up to it and saw* the $57,400 price tag and walked straight back to the waiting room. And the salesmen asked me where I was going.
I told him the Truck was $15,000 overpriced and I didn't want to waste his time.
35k over priced
You should have wasted his time.
At least $20k overpriced
$45k for a Ford Ranger is absolutely insane.
Keep buying overpriced vehicles and they will keep raising prices
she clearly isnt that bright if she doesnt understand simple economics. Obviously ppl are willing to pay a lot more today for cars than 2019, so car manufacturers will price their cars accordingly
I don’t think either one of you are very brightJorge. Do you think if we stop buying cars that’s going to change the price of materials, parts and labor costs for manufacturers to make them? Why don’t you ponder that for a few minutes.
@BrettL250 you stupid or did you not watch the video? The creator clearly points out that car companies make more money PER car than before meaning their margins are higher. So increased prices aren't solely b/c of higher cost to make them..... ppl are simply more willing to pay more for a car
@@BrettL250 Wow, so you don't understand supply/demand at all. How embarrassing.
@@liquidmagma why don’t you explain it to me then liquid magma. Then maybe we can share each other‘s background and what we do for a living and you then can reevaluate your accusation. I know that most of the people commenting on this video are whining little children,. That’s what I know.
I walked out of a Toyota dealership yesterday. I was ready for a Tacoma. They had the regular trd marked up from$47,000 to $58,000 that’s was it!
I do like Toyota but I refuse to be taken advantage of that's why I bought a Nissan frontier pro4x. I did a little research and the Nissan is a better bang for the buck.
Good for you 👍
And dealers wonder why the public hates them.
@@randypruitt1856and then you have a crappy car that loses values so fast and requires expensive maintenance
Go buy a used F150 raptor V8 for like $30-40k
The amount of electronic crap on new cars drive me nuts! Already looking to get a older car next year, just to get rid of all that electronic "helping" crap. All those "assist" systems cost tons of money you are paying for and most people do NOT want.
And they make us less smart. If machines and comp keep doing all the work for us, what'll we be worth in a few years
you should price out a rebuild. find a car with a good body and dead motor, get a new motor in it, cheap after market backup camera if you want it. new radio with the options that matter (i personally need android auto for work)
id bet even with a v8 itd still be worth it.
How will you know when to turn right?
I fixed that. I got rid of my car a few years ago and replaced it with a personel driver that pick me up and drop me off on demand, a taxi. I am retired, I have no need to have a car in my driveway. I live within 10 min walk of just about everything I need. And if I need a ride, I have a nice gentlemen that will call me sir and drive me around for a few dollars. If you add, car payment, insurance, maintenance, gas and plates, I am saving and easy 800$ a month. My 100$ a month average taxi cost is a great bargain.
Excellent point. Unfortunately doesn't work for families with kids etc. It costs me $10 Canadian pesos a day just for insurance. I will consider your advice seriously when I retire soon. Tx
@@dupajasio4801 yes, with kids and work, its a completely different situation. You need a car cuz it would definitely not be cost effective to get rid of it. Same with the house, Once there is just you and wife left, there is no need for 4 bedrooms and 2 storey high houses, time to downsize. Once retired, It's easier to cut 1000$ a month in expenses then add it in revenues.
2004 Avalon driver here. Runs good, looks ok. Holding tight. Just put new tires on her.
Don't forget to flush all of your fluids, especially your transmission. Our shop just servcied a 2005 Avalon with 245,000 miles and we went through all of the fluids and exchanged them all with all synthetic fluids. Gaskets were hanged on the valve covers, new spark plugs, connectors, serpentine belt and tensioner heater core hoses, thermostat and radiator cap. New front struts and brakes (front and rear) The owner was very happy even with a $3,500 bill. The vehicle owner neglected his Avalon for the last 5 years with only engine oil changes. Now, he's very happy and his car is running very well.
You bet. Im on it. Thanks!@@jamram9924
Found the person that’s holding up my lane
Keep her going! My current cars are a 1996 Civic and a 2004 Corolla. Both running strong.
Yep, change all your fluids. Check timing chain. She'll keep rocking for another decade bro
$60k for a truck is insane...
Buy a repoded truck some sucker agreed to finance working at Wal-Mart for $15 hour. Sad, but true.
Unless you’re a farmer owning a truck is insane. They’re so popular because they don’t need to meet the same safety and fuel economy standards as regular cars. Cheers from Europe - where you can have a comfortable life without owning a car.
Say that to Orange County Choppers who will never sell you a POS motorbike for less than $50k.
@@andrzejostrowski5579 They're also popular because the US has big roads and Americans like to brandish their big trucks and bully other drivers on the road. It's d*ck waving turned into an art form.
@@andrzejostrowski5579 actually I would say about 75% of the trucks that are made are 1500 series and are glorified couch movers. You can’t even put a full pallet in the back of them. The gas mileage is typically similar or better to a large SUV. A lot of people who own trucks have them for the occasional trailer hauling whether it’s a boat , camper car trailer motorcycle trailer or other small utility accessory. Things are a little different here my man as far as distances go as well. You typically have to be self-sufficient if you want to get any of that kind of stuff done.
Fix, don’t replace. I’m so sick of people telling me they need a car because they need to replace their current “high mileage” vehicle. When I ask how many miles their current car has I’m hit with 75-100k miles. That may be “high miles” on an exotic/high end car, your normal Econ car is built to at-least double that number. I don’t think some people realize that. Most don’t “need” a new car, they “want” a new car.
Current technology begins to fail at about 150,000 on average.
Yeah those types annoy me too. I actually did need a car after my old one folded in half from the frame rusting out.
Under 100k is low miles for me. Never sold a car below 300k
287K miles on a 2004 Avalanche. I'm confident I can get to 350K with regular maintenance.
In 2008 a dealer in my city was so desperate, they were selling equipped Tahoe SUVs for 21,000! Half off! It can happen again if people stop buying.
There is a very simple fix. don't buy a car. That is the only way the price goes down.
The problem with your solution is that it would require everyone, and half the people at least are morons.
Somehow they've got you all thinking of the most unrealistic 'solutions' that also have you blaming your fellow man.
I hope you like taking the bus then.
I'm doing just fine with my 22 year old Park avenue and 24 year old ram Cummins, not sure wtf y'all are crying about.
@@whatsit2ya247 did someone ask how you were doing? What does that have to do with the bigger picture at hand?
$70,000 for a Tacoma TRD built in Mexico under cheap labor, where drive shafts just happen to be falling apart due to poor welding and manufacturing. Build Back Better.
Idk who's buying these Trucks. They're ripping themselves off.
Its pronounced make america great again
Bidenomics is exactly whats messing everything up
You, uh, already said it was built in Mexico.....
The incentives that existed for companies to import their cars over hire American workers were bolstered by the tax laws passed by Bush and then Trump
@@Bamfhammer of course it was
In 2021 I bought my new Kia Forte FE 6SP manual for $17k out the door and I look forward to literally driving it forever
There’s a pervasive attitude in the corporate world with an expectation of progress, growth, and increase every year. That means you can’t just get your company to a healthy sustainable size, you have to keep expanding, growing, and pushing boundaries to keep stakeholders happy. I honestly think that mindset is part of the problem. How long can you really expand before you have to start compromising - cutting quality, price gouging, expanding into new industries you really should be in?
Ask Boeing.
Why do people buy new cars? I make over 6 figures, own a 2012 Mazda manual with 90k miles bought for 7k. No payments, low insurance, good mileage. Who would buy a 50k car?
Same. i’m a car salesman but own a 7k car. it’s funny.
You making millions still driving a Mazda? Nothing wrong with that, but if you making 7 figures, surely you can afford a new Camry.
@@iamwillshepherd You know why he can afford a new Camry? Because he's not driving one.
@@iamwillshepherd Six figure is over 100,000 Its not much, really. Definitely buying a 50K car is not a good purchase.
@@ivan200804 six figures is 100k-999k. Because there are literally 6 figures. More than 6 is 7, which starts at a million.
This young lady is absolutely spot on corporate greed at the grocery store as well as the car dealership and manufacturers
I LOVE how people ignore the devalued dollar and blame "KeRpRiT gReEd". That's some industrial grade denial.
They'll do the same thing when they have to take a wheelbarrow full of worthless cash to the store for bread. Clueless...
Grocery stores/ large food manufators have use right were they want us. I can't stop feeding my family, I can try to go to local famers markets and buy off brand products but that only helps so much. it's infuriating!
wtf is a corporate greed? it makes no sense, it's like blaming a plane crash on gravity. if you blame gravity long enough it's going to go away?
are you a communist?
@@sten260 lol it's amazing you compare corporate greed to gravity. They've truly got you right where they want you. Would you say the same about government spending? Governments spend after all.
If people actually had to use cash the prices would be lower for cars. The insanity of financing everything people want needs to stop. Buy what you can afford.
Quick tip on when to use “fewer” vs “less” - if you can count it, use “fewer”. When it is not possible or impractical to count, use “less”.
Most statistics you used should have been “fewer” because you were using actual measures.
One reason this is happening is the same reason this goes on for big ticket items everywhere. Purchasing by monthly payment. Not total cost, not length of the loan, and not interest rate. Just can I work it into my income now. Many humans don’t plan much of anything past next Tuesday and this is a prime example of it.
You mean a McDonalds clerk shouldn't be taking out a $1200 a month truck payment?
🤣🤣🤣
Spot on.
💯 % correct
@@Hutch_Davenport I've seen people working at McDonald's driving brand new 2024 Ford Mustangs. I hope they have other sources of income like a trust fund or side hustles.
That Tacoma starting price is insane. I bought my 2016 Ram 1500 4x4 new for $36,500 end year closeout. I bought my 2006 Tacoma PreRunner brand new for like $26K.
I bought my 1970 Buick Rivera in 1970 ( which was a top Buick luxury model at the time) for $6000.00, lol. Now that is inflation.
@@anthonypanepinto9685You might also compare the tech in a 1970 vehicle to a 2024 vehicle.
its nice to see a lady in the car community that doesn't use her body for clickbait, keep up the good work.
the entirety of her 6 minute video is clickbait
Royal Enfield 350 motercycle. 3999$ MSRP new. 70to90 mpg. Not every one can ride a bike and there not to end all awnser of course but many people can make it work.
i never buy car with dealer markup, now i don 't even buy car with mark down, drive my 8 years old car with smiles. people look down on me, an old guy driving an old car, so what?
@@TwinTurboToyota. It’s a bit narcissistic to think that people care what he drives… especially since it just an average car on the road.
Mine's 9 years old, and only 66k miles. It was a leased 3 year old Platinum Pathfinder w/22,750k when i bought it. Like brand new, and been looking to move back into a bigger SUV, but no way am i buying a 3 year old SUV for over 30k with 60k plus miles on it. It's nuts, but IMO used cars as well as new will crash in 2025. Rates still need to go up, and more REPO's need to hit the lots.
8 years old is the newest car I've ever bought.
Is 8 years old even that old though? The average age of the car on the roads in the USA is 12 years. Average, so half of those around you are even older than that.
You gotta get out of that mindset anyways my man, I thought a big part of getting older was not caring what other people think.
@@robertt9342 I have a new Audi and a old VW commute car with rust. I can tell you no one thanks me when I let them by walking over the road, while in the Audi people smile and wave most often.
You are too nice! Those theiving bastards are gouging us at every level.
Did you mean gouging?
@@scootsmcdoots80 I did!
Wrong, of course.
Do you need to buy a 2024 TRD Pro? You poor baby 😂
@@pilot88pro fortunately NOT! I can wait until the greedy ones go bust.
Got a saturn with 170k miles for 1k. Another 1k more in parts. Now i got a beeter car to last me for a few years and dam proud of it.
That's the way to do it! People are catching on, buy good used cars while the supply lasts.
Actually, in 2021 the problem with production was chip shortages due to an error in manufacturers thinking people wouldn't spend as much so they short ordered their normal chip orders (which are a year in advance due to the time it takes to make). This put them a year behind so automakers, computers, cell phones, etc... stock was low because no one could produce. Ford had trucks just sitting waiting for chips for a year. Anyways, yeah.
People all complain about the situation, but if everyone starts paying cash, the price of homes and cars would plummet. These prices are only possible because of cheap debt.
Yeah but the dealers/realtors aren’t interested in getting a cash payout from you over the fatter check from the banks that they can also cash immediately.
Debt is not cheap for the consumer. It ruins your credit rating and makes you a wage slave. Pathetic way to live your life and poor example for your children to follow.
Never met a full size pickup truck owner who wasn't up to their eyeballs in debt.
@@garykeith1048 It's also become a necessity for many people. Otherwise you're a renter building hardly any wealth and with no end plan at retirement.
@@christianrobloxserver7282 bruh, so many contractors own them.
Totally agree. But nothing will change until the people use their buying power against them by refusing to buy their high priced vehicles by manufaturers and dealers with their markup and addons. Let them feel sorry for themself, and let them sit on their lots until they don't know what to do with their unsold cars. But, until then people will continue be taken advantage of as always and is our own fault for allowing it. We like cars but we need to remember also that they are a depreciating object and a liabiblity, why spend so much on something that is losing value everyday....
I normally buy a new car every 5 years but when covid happened I just kept my 2015 f150 no payment for 4 years and it’s so nice I don’t think I’ll ever buy a new truck again
My other pet peeve is the fact that we can't get basic vehicles anymore. Everything comes with a bunch of crap you don't need or often don't even want.
Just like Sammy and the fruit phones....both are outright ripoffs.🤑💰💯🤮
Part of the problem here is Aubrey lacks the 'bigger picture' understanding that the numbers she's using aren't accurate either. Therefore her conclusions, though mostly correct, can be skewed as well. Blaming the "auto industry" for price gouging is the convenient scapegoat, but it goes much deeper than that which is why it is reflective EVERYWHERE.
The USD decline is much more than the 19% you are regurgitating from government department sites. The fact that other industries are following suit should tell you something greater is going on.
All Fiat goes to zero.
All Fiat goes to zero.
All Fiat goes to zero.
The cure for high prices is high prices. Toyota can raise their prices because they’ll sell everything they build and their old inventory will have the least depreciation in the market.
Reason is simple. Competition. Car prices originally fell due to Japanese brands entering the market. Once it was time for them to start increaisng again. Cheap Korean brands came in. But now Korean cars have caught up with their European and Japanese Competitors.
Perfect time for Chinese brands to enter and establish a new competitive market for economy cars. But tariffs have stopped them
My local Toymota dealer has a 203hp RAV4 Limited for $42,638. The Volvo dealer down the street from there has a 247hp mild hybrid XC40 B5 Plus Dark for $45,354. BMW has a 2024 BMW X1 xDrive28i for $48,695. You can also get Audi Q3, and Mercedes GLA class suv's for around the same price. The top end Camry's $42,000 which are line ball on price with the BMW 2 series, and Audi A3's when I just checked.
The manufacturers got very mad when the dealers were able to mark up the cars when supply was low and the dealers made the profit instead of them. So they figured well people will pay that much for a car so we will just increase what we sell them to a dealership for.
well obviously raising prices is better than running out of supply
Manufactures didn't "get mad". Good grief, you emotional, economic neophytes do love to babble.
And of course, they advertise prices without the $5,000 in fees they're planning on tacking on.
If they don't think it's important enough to mention those fees, I don't think it's important to pay them.
I was fully ready to buy the new 24 Tacoma. They wanted to add a 5k dealer markup and lowball my trade by 4k. Even after negotiating it was still a raw deal. I walked out on them. People need to hold out until both manufacturers and dealers reduce prices back to reasonable levels.
Keep your current cars, repair it and Mantain it properly as much as you can. Don’t buy
I was looking to get a new truck this year but if they do not start dropping prices im going to wait. These dealers here where I live are still crazy high. 70k for a truck that is not even fully loaded is nuts. I know im not going to get a deal like you could 4 years ago but 20k over what the same truck was 4 years ago is ridiculous!
Can’t expect to get it for the price years ago. Inflation also hit causing prices to go up.
@@ericfriedle456 Inflation excuse is not going to matter .. people can't afford the cars and it's starting to show
@@ericfriedle456 I agree but 30-40% increase is ridiculous.
@@kennethmcclellan2034 I agree the increase is excessive all ways. But they mark things up based on % not dollars amounts. Cause as prices change for materials it will be easy to compare if you do it off ratios.
I don’t want to pay more than I have too. I own 2 pickups and 1 3 row suv. My oldest truck 2018 I got 17k off a 63k msrp truck. All my others are not as good but I never paid over msrp and 2 of the three are paid off. I had to fight like hell to get 10-15% off the other two.
Don't do it
In market economies products and services mostly are priced to what the traffic will bear. I have never been willing to bear the price of new cars, but have benefitted from the fact that lots of others are and that cars depreciate significantly. Then I buy what they sell or trade in. Unfortunately that doesn’t work as well with housing.
In the UK a Civic 1.5 Turbo sport was £23k when we got one in 2019. Now the equivalent model is £36.5k. 63% increase.
I’m middle aged and have never bought a brand new car in my life. They’ve been overpriced for 30 years.
Last car I bought was a 2019 4Runner, used with 15k miles, unbelievable price... I will drive it till the wheels fall off, this current market is plain stupid
only loser would call you loser. y r a smart guy!
I tried to buy it for Maverick and the manager from the dealer told me he cannot sell it to me in this I buy a 3000 dollar package for tires. Rotation and oil changes. In. Chicago. I. I told the manager F you and I walk away...🎉 6 MONTHS LATER I STILL SHOPPING
Most of those are going to fleet sales. Us normal people never had a chance at Fords $24k small truck for the most part.
He could care less that you walked away, he sold that truck in a week.
I am a die-hard car guy, but the reality is that cars are a scam. Even cheap cars are expensive when you consider the annual costs of fuel, maintenance, and insurance.
A lot of the insurance is due to the tort lawyers saturating the media with ads, to get everyone to sue for a big payday...💰🤑👺🙄
I dislike having no way to know how much a car costs
Interest rates, rot lot, gouging, more gouging, asking the buyer to bend over and even more gouging, questionable quality and more gouging, did I mention gouging?
That old square body Chevy starting to look really nice. Imagine when I can do to something like that with the $60,000 they want for anything these days
73-87 #1
Exactly!!!!!
On top of all that, gouging.
BS trucks made in Mexico by workers who make less than $20 a day. How motivated are they to build a quality vehicle?
not true, the "gouging" comes from the buyer side. When there are more buyers than sellers in the market the buyers bid up prices, when there are more sellers than buyers the sellers start undercutting each other. That's how the prices go up or down. For example: if there are 10 Toyotas on sale and 20 people want to buy them then the buyers will start overbidding until only 10 of them are left. In economy whoever pays most gets it, it's not about being the first buyer.
Wanting to replace my Van, things have just gotten out of hand with the automakers prices. They thought they were on a roll, not! Keep raising car costs, eventually no one will buy. Thank you Big '3'
If they continue to allow vehicles to be repaired, we have way out: stop buying vehicles and fix the one you have.
But they will probably close that loophole soon.
With a simple care, a car can last 30+ years no problem. there's no reason whatsoever to buy new cars all the time.
You’re absolutely right. I keep saying this too! Some people think just because the odo hits 75k miles it automatically becomes a “high mileage vehicle and must be replaced”. Ridiculous
The banks aren’t helping either…. These banks are horrible
The banks hate high interest rates because it actually hurts their profitability because of the complexities of modern financing that a layman would not need to understand, but Jerome Powell sets the interest rates, not the market.
JP the fed rate overnight rate … after that it’s bond auction prices and bank spreads
@@unconventionalideas5683 The FED sets the rate and that's just a collective of the banks.
So True!! great video Aubrey!
I'm so glad I live in a city with great public transportation.
greed is a terrible thing
Toyota is setting a very bad example.
Neither Toyota or Honda builds them as well as they used to either.
@@dystopia-usa You nailed.
So let’s get this straight Toyota comes out with a new platform the TNGA-F. Builds the Tundra, Tacoma, Land Cruiser, 4Runner, Lexus LX & GX all on the same platform, using the same engines & interiors essentially in all of them (Lexus interiors excluded) which many manufacturers do as a cost savings measure for them and consumer. Moved full manufacturing of Tacoma to Mexico (again cost savings) and jacks the price of a TRD Pro $17k!?
Hahahaha 🤣🤣🤣 😡
Sorry not buying, I’ll move on to another manufacturer it’s been a great 30 years owning strictly Toyota’s but next vehicle won’t be.
@@mrkoodo5953 They all do it.
@@mrkoodo5953 Good luck all the other dealers and manufacturers are doing the same thing. You think a Jeep Rubicon for $35k that now sells for $65k is any better? it's disgusting.
No sir the pasture is NOT greener on any side. Stick with an older car or truck, it is the best way to go.
Outstanding video Aubrey!!!
Excellent analysis. You just explained why I continue to hold on to a car that is 14 years old and another that is 19 years old. Although I have waited longer than I expected to replace them, I can wait longer.
thank you for the sit rep nice short fast and crispy
I'LL SAY THE WORD IS GGGGGGGGRRRRRRRRREEEEEEEDDDDDDD!!!!!
Economists coin the term "greedflation"... businesses take advantage of current conditions as an excuse to raise prices. 😡
I guess that's easier to spell then "devalued dollar".🙄
Louder. Say it louder
Greed is constant and pervasive. It’s not new, so it doesn’t explain new bad behavior.
@@nunyabidness3075 Greed isn't new, but it is so much more pervasive and powerful in our modern world. We can thank technology and communication for that.
It’s cheaper to properly maintain your old car and have to pay for some repairs than buy a new car.
It's cheaper to even update the entire vehicle with a new engine and tranny.
Hats generally always been true until long term repairs begin to exceed new car purchases.
@@robertt9342 my VW car I have had for 8years and 280000km, I have had to change brake discs and pads on it and normal oil and maintance. But I also had a free service for the first 90000 km. Never had such a cheap car in my whole life. I was thinking of getting a EV this year, but I bought a new Audi ice car instead, since it was more economical. I got Audis subscription service plan, so I pay $20 a month and then get "free" services on the car. And since its easy to drive it around half a litre per 10km, it is very economical since our electricity prices here is not that good, so the difference for me charging an ev at home, or driving this ice car with petrol is like $0.2 / 10km... which is not that much since the EV would have cost me $10-15k more.
depends on the car.
@@robertt9342bro I can replace the entire motor in my truck for 2 monthly payments of a new truck. So how are maintenance costs going to exceed new car purchases?
Thank you, Aubrey.
This is going on not just with cars but most everything. You buy a bag of chips. The bag has shrunk or there is more air than chips, but yet it cost more. Inflation is an opportunity to gouge, on everything.
According to all these other youtubers. ThErEs gOnNa bE a CrAsH. Thanks for breaking it down with numbers!
Time to buy older vehicles and rebuild and preserve.
Simpler to maintain too!
i never buy new vehicles, they depreciate too much
They do that in Cuba....listening to Always Often Clueless will eventually lead us there also...🤮🤡💩👺
prices are indeed insane. i'm in the 1% of earners and don't buy any new car because it just is not worth it.
First video I've ever seen from you or been suggested. Well done, ma'am.
When Hurricane Ida took out our 22 year old Camry, we simply acquiesced to being a one vehicle family hoping the prices would start coming down. A couple of weeks ago, a tornado took out our 9 year old Sienna. Now we are down to a rental and a truck a friend loaned to us. So, it’s either go buy a couple of overpriced beaters, or a beater and a much older overpriced used Sienna. Some of us can’t wait much longer.
I have a ‘15 4Runner Limited that has 161k miles and haven’t had so much as a light bulb burn out. Tires pads rotors every few years. Still has original spark plugs and runs awesome. Go pick up a used Toyota under 100k miles and should get years out of it. May cost more than a used Chevy but well worth it
The market on cheap vehicles isn't going to drop much, and even if somehow it does, who cares? Oh no, the car i bought for $2k last year is worth $1k? The horror. Do you think cars are investments? Stop being selfish and returned the truck you borrowed and buy your own vehicle, there's no market crash to wait out mr buffet
Dan,
Thanks for the encouragement. We’ve been looking online and reading / listening to reviews. Haven’t really settled on vehicles. When I bought my Camry, I knew I wanted a Camry. I’d rather something along the lines of a RAV4, CRV, or Forrester. My wife would like another Sienna, but may be open to a Highlander. Certainly not $2K vehicles. We’ve had good experiences with Toyota.
Never paying over 20k those cars and trucks can rot in the desert
Very comprehensive analysis and I agree with you wholeheartedly, the prices are ridiculous, so even though I was thinking about a new Sequoia, I’ve decided to keep my ‘08. Question though, are you broadcasting from the Yukon?
I assure you it isnt going to the technicians. They have barely increased wages as prices have doubled on food after covid.
I haven’t bought a new vehicle since 94, but I did buy a 23 Tacoma TRD Off Road, double cab, 6’ bed with the premium and technology pkgs.
The MSRP was $51,848. I paid $48K.
To replace my 23 TRD with a 24 TRD equipped identical, the 24 has a MSRP of over $67K.
I’m almost 60 years old and drive 6-7K miles per year so in 20 years my 23 Tacoma should have less than 150K miles.
I plan on driving my Tacoma until I die.
So why are you buying a truck anyway if you're retired and no longer working? Why not buy a 4-cylinder sedan? Whats the point of stressing yourself out if you only drive 6-7K miles per year?
YES..!! And in 20 years, your kids will probably be able to sell that truck with 120k miles on it for $20,000. Toyota ReSale value is what NO ONE on the post is talking about.
@@danmulvaney4580 are you high? You understand a lot can happen in 20+ years right? The company could have a huge lawsuit, go out of business, be found with unsafe vehicles.... All kinds of things. Just because the past 20 were good for something don't mean the next 20 will be.
@@gridtac2911 not high, just smart with my money. IF someone is going to buy a new vehicle, you are better off with a Toyota as oppposed to any Domestic. and most foreign brands. See my post in the thread for more educational info...
I think "fewer" would be a better word than "less" when comparing number of units sold - for what it's worth 🤓
This was excellent analysis. Great work Aubrey.
I can feel it at the end of every month, I make more now then i did on 2019, but my budget is tighter then ever. Times are tough and we have been in an recession since covid restrictions were lifted, even if the media/ governmnt doesn't want to admit it.
And when the EV transition really hits these footdraggers, guess who will be coming to Uncle Sam for billion-dollar bailouts?
Imagine all the used EV shit on lots, where you are literally buying a pig in a poke.
Why is it that all roads lead to greed.
Well, it’s called the laws of supply and demand, and capitalism. It’s the worst system except for all the others. And it has a way of self-correcting.
greed ruins capitalism for everyone else.
Because the nature of humans is to get the most for the least, to use whatever leverage they have for their own benefit. Most people complaining about greedy corporations would behave the same way. They are just complaining because they aren't personally in the position to exploit others for millions.
@@Francisco-Danconia: "Each man takes care that his neighbor shall not cheat him. But a day comes when he begins to care that he does not cheat his neighbor. Then all goes well -- he has changed his market-cart into a chariot of the sun." - Emerson
(p.s. I have more Rand on my bookshelf than you even know exists. Don't even try it with me.)
@@peterg5383 😆 I always find it so fascinating when people pretend to know what a total stranger does and doesn't know. It's so revealing.
Last I checked Tesla have been aggressively lowering their new car prices... not to mention the $7,500 tax credit at point of sale.
Thanks for making this video!👍
Stuff is worth what people are prepared to pay for it. Same as the housing market: a house has a completely virtual value: the moment anyone pays a higher price, next time for a similar asset the price will again go up. It's not just "the lack of..." or scarcity which determines the price, it's what we consumers are foolishly ready to put on the table... Vendors keep pushing the limits as long as it sticks.
Those aren’t really comparable. People NEED a roof over their heads. Depending on the region, they may or may not need a car. People lay high rents or absurd mortgages because they HAVE TO.
@@MsPoliteRants I guess having a car in the US may also be considered as a necessary asset, no? The poor public transport - in general - is quite renown. Also, the society as a whole is very much focused on car use.
@@janverbanck right, that’s why I said depending on the region. In Boston, for instance, one doesn’t need a car, but one will still pay an exorbitant rent of 4K a month.
Simple solution, keep your existing vehicle and stop buying. You don’t need new vehicles if your current vehicle is working fine especially if you no longer have payment 😊
Great analysis. I’m glad you have pointed it out with rational facts. Now, people need to stop being stupid and paying dumb prices. I have definitely stopped buying things until prices come down or I find reasonable substitutes to meet my needs.
Excellent reporting!
It’s literally because of inflation.
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Mrs Caroline Arnold
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yeah that's right I think it's right to invest with professional at least it saves the trauma of too much loses
Isn't she the same Mrs Caroline Arnold that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.
Got a new (to me) SUV a couple of weeks ago, need suggestions for a good radar detector, preferably with arrows and good Ka band detections. Good filtering of BSMs is a must, thanks!
I was searching for a specific used car and couldn't find one near me, so I ended up looking for new. This Toyota base model was $31k MSRP. With distributor add-on packages (like moon roof, mudflaps, etc) was just under $34k. Then dealership add-ons (oh we can't discount these because they're already applied) was another $2k. Taxes, doc fees, registration, title and it was almost $40k. This is how we arrive at inflated prices too. The dealership I went to said they weren't getting new inventory ('25 models are coming soon so that makes sense), so I couldn't build one.