Ever get the feeling that these manufacturers would rather dump these excess vehicles in a landfill than give customers a really good deal? A "market adjustment" in our favor seems to be in order for once.
Just remember there was a movie studio that deleted a fully finished film to take the tax write off. Businesses are not about doing business and hoping for repeat business. They only want to hit the next quarters goal. These dealerships and manufacturers would 100% burn every single truck on their lot rather than sell them if they think they could make money off of them.
@@SuperSteelSteve I wonder if they used proper accounting practices if they would actually be taking a loss on a truck by giving a good deal, or if they're subsidizing their electric vehicle losses.
Dealer had a 2023 1 year lease return with 12,000 on it. It was marked down all of $5,000 off original new list price, salesman said they could come down another $1,000 off that.😂 They’re not dumping around here yet!
Went to a large Toyota dealer in Raleigh, asked for 1000 off of sticker on a new 4Runner with cash out the door. Nope they wouldn’t do it. Let me walk. I was impressed with the arrogance
Don't try to buy a Toyota. They have the lowest inventory of any car manufacturer so they will not deal. If you want big deals, buy American SUV and trucks (especially Dodge, Ram, and Jeep) as they are the ones with massive inventory.
Why they should reduce $1K, are you kidding me on a 4Runner, come on, at the auction a 2022 4Runner Limited with 50K miles are selling for $38-40K+, if you like the vehicle, go and buy it because with rates drop and when tax season comes, you will have to pay $4-6K more for the same vehicle. You want to get a good deal, go buy a Kia, lol, not a Toyota, especially 4Runner.
My daughter works for a big dealer group in the NE and the implosion of the car market being parrotted by everyone on TH-cam isn't happening. Prices are still high, the price drops are insignificant compared to the price increases pre covid. Used car prices are still high, used inventory is still low, quality of the used cars is poor.
@@Gabe-kv2zs why do people buy from dealers? The dealer is in the business of getting the deal he wants. That's why he's called a dealer. He doesn't make deals he doesn't want. Why do they say "buyers are liars" - because people like that have adopted the mindset that everyone does it.
I am going to contact Draft Kings to see if they will set a over / under bet on how many times you will say It's over or It's done. I believe I could retire on that bet.
Dude every title for 1.5 years has been over but I do work in an auto factory numbers are dropping quick 🙃 so it's not looking great for the manufacturers
i think what he means by dumping them is selling them for less than what they paid for them, and the interest charges. and it might a lot less than they paid for them
They have one last trick up their sleeve: rate buy-downs. Rather than drop the price, I wouldn't be shocked to see 0% interest for 60/72 months on new through the dealer, while still keeping prices high.
Not gonna lie the headline of each of his videos is getting so annoying. I can't even count how many times I've read "It's over" or "It's ending" or some variation.
@DzenanA-m6h there's ways of moving from state to state and ending up with a clean title. I don't know how it works. But I witnessed it in the first hand. I looked at a car that was totaled out in Michigan and somehow after getting transferred from Michigan to Illinois to Wisconsin, it ended up with a clean title again
I'm a dealer in Florida and I don't see how it's worth it. To do all the moving to different states. I suspect they're not moving the vehicle just the paperwork, but in any case, I understand if it comes back to the original state, it was branded in then the. Rebuilt pops back up again
@@dennispatton2356 won't the salvage title come up on Carfax or one of the other services? I'm an insurance agent and the Comprehensive Loss Underwriting Exchange (CLUE) picks that up immediately.
Real estate is different. There's so much pent up demand. The problem is that some people want to drive these giant pickups. Look at the price of a brand new Toyota Corolla. Or Honda Civic. They're pretty cheap.
@@drmodestoesq There is no “pent up” demand in real estate. Inventory is exploding, similar to cars, but no one is buying. Builders around here are offering locked in 30 years, 3.5% mortgages and lower prices……..still not selling.
@@Clockwork0nions I agree. But I also think it's because they're not building the Toyota Corollas of fully detached houses. When I built a house from the ground up....I built a boring rectangular box with a Vee shaped roof. Lowest cost option with the most interior room. All the thousands of other house designs have the most material used to produce the least amount of interior space. Back in the day the low income houses that were built were shotgon shacks or Levittown houses. Cheap and mass produced. With few frills.
Truck customers don't need all the bills and whistles have you seen how big some of those digital displays are in these new trucks yes they're nice but they're not needed in a truck let that be any luxury vehicle not a truck. What was wrong with the old radios when we could just buy a new ones and replace them sell a truck without a radio but just the hole for the truck. Get the cost way down. Also the government may have to change some mandates to lower the prices. 20 to $40,000 is the price a new truck should be not $100,000 what working class man can afford that?? If you want luxury go buy a Mercedes or something like that not a Ford truck Dodge truck or Chevy truck that's for the working class.
By no means am I trying to be a jerk, nor defend the truck companies with these comments. I am quite confident that the truck companies did a LOT of studies to determine what people wanted and what they were willing to pay. I am quite confident that what you wanted showed up in that list as well. But there were more people who wanted more features and were willing to pay for them than there were people like you who wanted a bare bones truck. Some people then spent time in a spreadsheet to figure out their costs and profit to make your truck and the ones that others wanted. Your truck got left behind :( Personally, I think it was whenever trucks stopped being work trucks and instead became fashion statements.
@@davidbergerson a lot of people may have wanted that stuff but it's not affordable. I can think of all kinds of things I would l want but it's not reality. People going in debt for those trucks extreme debt. The truck was made for work and the working man cannot afford the current truck model.
I know someone who used to drive for an auto auction house. After the law was passed that it was a crime to turn back the odometer, they drove a car from a dealership to the auction house and noticed both the odometer reading and the owner who traded the car in the owner's service book. They knew the owner and a couple of weeks later saw the owner and asked them what their mileage was on the car. She gave a figure several thousand miles more than the odometer reading. Hmmm, I guess odometer laws don't mean much.
2018, ford said on-record they're moving to only high-profit models. This is what you end up with. The marketplace for costly heaps is only so large. Those who might have come in for a fusion or a focus don't even show up now. The effect ripples throughout the industry.
Prices used to be reasonable enough that a new car on a 5 year old trade in was common. Now a lot of people are dreading the day when the wheels fall off their 150k+ daily driver.
The financial limitations that exacerbated the Great Depression have been eliminated. Look at what happened in 2008. The Fed dumped a Mississippi of money into the economy. And there was no Great Depression 2.0.
Every other day this guy says the sky is falling, but I don't see prices dropping. I like his enthusiasm and energy, but you can't keep saying the same stuff without People tuning out. Just saying...
It's because he is a content creator. He has to keep making shit up for videos. Jeremy from Jeremy's broke down cars knows everything there is about selling cars. The big 3 keep trying to hire him as President and CEO but he just keeps turning them down!
It's not only ugly when the tires stick out like that, it also throws road debris at the cars behind them. I love modified vehicles but this trend is ruining other people's vehicles.
@@UhBuddy1976 a new car is a symbol of affluence, unless it's necessary for business. Used cars do the same job for less. If people stopped buying new cars to show off the price would eventually come down.
I cannot be asked to care anymore. The other day I was attempting to buy a 2007 Toyota, an eighteen year old car, and the dealer refused to budge in price. A friend informed me that the wholesale value of the car was $1,900...the dealer was demanding $7,995.
@@dangrimes5078 Of course not. I never pay the asking price, unless it's reasonable, which it never is. Hell will freeze over before I put that kind of money in an old economy car.
They over pay for the vehicles and they think cause of prices it will let you know I have contracts with all big brands when they slow down in production then it's over and by the looks of production isn't slowing down
Thanks again for a look "behind the curtain" into a world few of us ever see -- and the forecast of the future of the economy (that matches what I see here in the Mountain West). Best wishes to you, your family, and your people.
Always fascinates me on how much these vehicles bring or don’t bring. Like this scenario where you explain possibly what’s wrong or why you’d pass on it.
Told my wife we're getting old schools from now on. 50-80's. It's actually cheaper to fix and maintain and the cost to purchase is comparable to new car prices. Don't have to worry about computers, GPS tracking etc. and don't have to look like everyone else in their dust buster looking cars
@@DanielFrein-n5r speak for your own mutant progeny. My son is 17. He got his motorcycle license at 15, driver’s license at 16, private pilot’s certificate at 16, and he can drive most of the semi trucks that my trucking company operates. At thirteen he could drive a John Deere 8400 with duals on it down the road when we were moving equipment from one farm to another. Maybe your kids are just poor parents.
I just picked up a 2005 mercury sable ls one owner 71k miles for 2k for my son. Super clean. In my area that's almost unheard of. Just a back and forth to work and college.
What I've seen on YT lately is unless there's a warranty avoid post pandemic period. Ford, Dodge and especially GM have junk motors and trans. Some 2015 and newer same issues. Buyer Beware. Profit is Job one.
Many people are refusing these prices. My brother has a 2010 RAM 3500. Engine is good but it's a North East truck so rot was taking hold. We just got done pulling the bed and cab. Replace all bushings and rotten bits. New fuel and brake lines, blast and paint the frame and under body, new exhaust. Then put it all back together. It took 4 weekends and $4k. This truck will be around another 15 years which is another new truck that won't be sold. The manufacturers and dealers are doing it to themselves.
so talking to my friends and others about cars... other than the rich who just buy whenever however.. the only people trading cars in right now are those who NEED a car now.. not those that simply want a new car (even ifthey can easily afford it).. those who need a new car are typically with cars that are or have died or they are worried about lasting as we go into a new fall / winter season.. everyone else is sitting on the sidelines waiting for cheaper prices, waiting for interest rates to drop or for special lease / finance deals to be subsidized by dealers....
Went to local Dodge dealer, massive amount of inventory. What I noticed was inexperienced sales reps working the lot and the refusal to lower the prices. The one Ram I looked at, a Larimie edition was $83k off the lot.
Brandon, loving this format. Really cool to see the vehicle and see what your perspective is, then see what actually happens. Unfortunately, it's looking like this market is going to continue for the moment. Great work as usual! Love the collabs with Michael B and of course, CarEdge. Keep up the great work!!
If you wanting to know what car is a deal it would be the CRV on an if bid of course the Chevys the 2500 ‘15 and the Tahoe.Because of the lack of trade ins the old school used cars (cars over 30 years old)are a better value and you can make more money with them.
Ummm....all you have to do is pull up the sales numbers to see that not only are dealers of all brands selling cars but they're selling more new cars then they did last year. Car prices arent coming down.
Here in W-NY we are seeing more Tahoe's, even Escalade's, than we have seen in the last 5 years! Nice '16 LTZ w/140 that was retailing at $19k A really nice 2011 w/55k mi for $16.5 w/5.3. The Escalade was the Lux model w/6.2 and loaded, 60k miles for $32k retail, about 1/3 new msrp! Send more please. LOL 8)
I cannot be asked to care anymore. The other day I was attempting to buy a 2007 Toyota, an eighteen year old car, and the dealer refused to budge in price. A friend informed me that the wholesale value of the car was $1,900...the dealer was demanding $7,995. Fuk off!
Here in the Philippines, I can buy a high-quality Kei van for less than $4K customized. A new Toyota Hilux is less than $17K. Diesel, cloth interior, A/C, 5 speed transmission, 4X4, white.
There's no difference from the philippine people and American people. Low-income is wiped out. Middle-income is being wiped out right now. My wife. Is from the Philippines. So I do know what i'm talking about. We have hundreds and thousands. A people that are homeless that live underneath bridges that live in woods is getting worse in America. We are becoming a third world country. Just like the philippines.
Its been over for the last year according to your videos. Dealers are dumping vehicles, cant sell them, all the above and yet prices are still stupid. Until prices tank and dealers go out of business its all BS! Fact is, people are apparently buying enough that they aint out of business yet.
Walked away from 3 ordered trucks after pricing went up when they finally showed up at the dealerships with not all the options. Dealerships in upstate New York are still out of their minds because we have idiots that like to have 1,500 dollar payments a month. Dealerships keep sucking these people in with bling. Been waiting 3 years for pricing crash 🤷🏼♂️🤷🏼♂️🤷🏼♂️
New car dealers with tons of inventory are just not budging on thier prices. I have a 2023 Ford F150 Lariat that I absolutely love and have no intention of selling it for a long time. EVs all the way
It's a different world, for sure, but the mileage doesn't necessary impact the functioning as much as it might have in earlier decades. It is a crap shoot, and repair bills are often high on used cars, which makes it seem pretty risky to put too much into them.
Your right. I offered caddy my dodge with 16000 miles and 20 grand for a 2025 ct5 and they laughed. $53 thousand for a 2025 caddy and another $3000 for insurance. That's over $18 thousand a year payments for 36 months. Hell no.
Still seeing it here in Central FL. Dealers still trying to charge almost new prices for used cars with 25-30k miles on them and being several years old.
I traded my 2015 Ford Explorer Limited to the Ford dealer in Indian Trail, NC. I suspect it is going to show up at one of the auctions you attend very soon.
My pickup 2001 Chevy Silverado 2500 four-wheel drive towing package I would not take a new vehicle even if they gave it to me for free because they're junk
I remember when you pulled into a dealership with a vehicle that had 100,000mi; they wouldn’t give you the time of day~ they would say man that’s wore out. Now they tell you that same mileage it’s just broke in and all highway miles lol😂
Manufacturers told dealers to stop jacking up prices over Msrp, They didn’t listen, so the manufacturers raised their prices. Now dealerships are screwed. It’s their own fault.
YOU....ALSO need junkyards and carmax offering 200 dollars for a car just because it wont start.Dealers want to give consumers crap money but want to charge buyers more.
You're grateful for people who buy new then dump the vehicle after a couple of years to buy again. The ones who buy new and keep it till the wheels fall off don't help you.
If an item increase from $100 to $200 then it lowers by $2 its still $198 so its not drop its almost same ….. CAR MARKET IS STILL 98% expensive long way to go ….
What you claim about the dealers needing to work a deal ISN'T REALITY in Michigan! Lots are FULL, and they'd still rather burn every car to the ground than lower a dollar off markup.
I worked doing detail work for many dealers and also had a small lot selling used cars of my own so I worked auction blocks for ten years and I never bid on a car until I ran it and checked all the fluids to see if there were internal problems I should be aware of the looks of the auto can be easily taken care of. Is running the car before purchasing at the auction a concern for you?
The market is ripe for a Brand/Manufacturer/Dealer network to treat customers well and win. I have a feeling some brands are doing a better job than others: Mazda, Subaru. I think Nissan is trying but historically their vehicles don’t have a great reputation and almost all CVT transmissions.
I own a used car dealership, around 400 car inventory, from $5k - 250K vehicles and the only thing I can tell you guys all the videos that claims car prices are dropping are just to get subscriber, he is saying for the past 2 years that car market will crush, when will that happen? in 20 years? because yesterday at Manheim Auto Auction wholesale prices were 3-5% up due to rates dropped and 90% of the vehicles sold, almost 25K+ vehicles were at the auctions in one day. I used to buy a used 2021 Tesla Model 3 Long Range for $20k last year, now I am paying $22K, a year later. The car prices will not Crush, unless you are talking about vehicles over $100K, SO PLEASE DON'T WAIT, IT WILL KEEP GOING UP IF THE RATES DROP MORE AND DON'T FORGET TAX SEASON IN THE NEXT 3-4 MONTHS.
Ppl are broke dude. They aren’t going to run out to buy overpriced vehicles when ppl need cheaper used vehicles. Job market is crashing. Ppl are getting laid off and that’s how it starts. Same reason the federal reserve is panicking and did the .5 basis points raise. With layoffs come more repos. Then forecloses. Democrats should have left the definition alone and allow the true recession to happen years ago. Ppl also don’t understand that changes in anything can take months to a year to see its affect. Ppl also need to be patient as I see dealerships with almost no one there. At least here you almost see no one and they are in a military town.
$5,700 on salvage title? Are they insane, or stupid? Insurance; meaning good luck finding insurance, a lot of insurance companies don't cover totaled/salvage title vehicles. Limited resale options; meaning they are unlikely to be accepted as trade ins. Salvage title loses 20 to 40 percent of it's value, compared to clean titles, and subtract another 40 to 60 percent just for the accident report on Carfax/AutoCheck.
Im keeping my wife's inherited 84 c10 silverado and my 71 delta 88 royale convertible. And my wife's 2017 jeep patriot. All paid for and running. Only car note is 2020 jeep gladiator. Work from home so all will last a good while
Your videos are awesome, but the point your making just goes to show, buying private party right now is the way to go Used car trade in values are way low to the consumer and used car prices are way high from dealers (except for your lot of course!)
Most people who justify "needing" a truck for their business are literally better off just getting into a different career so you can get by with a cheap sedan. You'll save 50k right off the bat lol. Preferably be close enough in commute and you can use an ebike for $500
Ever get the feeling that these manufacturers would rather dump these excess vehicles in a landfill than give customers a really good deal? A "market adjustment" in our favor seems to be in order for once.
Write off the car as a loss or sell the car and take a loss?
What would you do if it was your money on the line?
Just remember there was a movie studio that deleted a fully finished film to take the tax write off. Businesses are not about doing business and hoping for repeat business. They only want to hit the next quarters goal.
These dealerships and manufacturers would 100% burn every single truck on their lot rather than sell them if they think they could make money off of them.
@@SuperSteelStevewould you rather have a 100% loss or a 30-40% loss? it’s your money on the line.
Welcome to ego and greed.
@@SuperSteelSteve I wonder if they used proper accounting practices if they would actually be taking a loss on a truck by giving a good deal, or if they're subsidizing their electric vehicle losses.
The US will look like Cuba…keeping old cars on the road for decades. New car prices are ridiculous.
Bingo!
Our government is going there now
The plastics of recently made cars can't survive decades.
Even the plastics survive if you take care of them. I have 20 year old cars that look new.
Never new.
I have 20 year old cars that look new. Plastics will do fine if you take care of the car.
Never new.
Dealer had a 2023 1 year lease return with 12,000 on it. It was marked down all of $5,000 off original new list price, salesman said they could come down another $1,000 off that.😂 They’re not dumping around here yet!
There's little incentive to buy a newer used car due to high prices.
Went to a large Toyota dealer in Raleigh, asked for 1000 off of sticker on a new 4Runner with cash out the door. Nope they wouldn’t do it. Let me walk. I was impressed with the arrogance
Well, they're not interested in giving people deals, that's now how they make money. They know there are still people eager to buy their brand.
Don't try to buy a Toyota. They have the lowest inventory of any car manufacturer so they will not deal. If you want big deals, buy American SUV and trucks (especially Dodge, Ram, and Jeep) as they are the ones with massive inventory.
cash deal isn’t good for dealers. they make $$$ on financing as well.
Was this fred anderson Toyota?
Why they should reduce $1K, are you kidding me on a 4Runner, come on, at the auction a 2022 4Runner Limited with 50K miles are selling for $38-40K+, if you like the vehicle, go and buy it because with rates drop and when tax season comes, you will have to pay $4-6K more for the same vehicle. You want to get a good deal, go buy a Kia, lol, not a Toyota, especially 4Runner.
My daughter works for a big dealer group in the NE and the implosion of the car market being parrotted by everyone on TH-cam isn't happening.
Prices are still high, the price drops are insignificant compared to the price increases pre covid. Used car prices are still high, used inventory is still low, quality of the used cars is poor.
Same here in WI. My Dad recently bought a used 2021 Ford car....they wouldn't budge on the price. Very little desperation from dealers.
EXACTLY! It’s the same here in New Mexico!
This is the x22 Q-report car version of major bullshit
@@Gabe-kv2zs why do people buy from dealers? The dealer is in the business of getting the deal he wants. That's why he's called a dealer. He doesn't make deals he doesn't want. Why do they say "buyers are liars" - because people like that have adopted the mindset that everyone does it.
Out in SoCal I’ve seen 5-10k drop in truck prices since February. Granted they were trying to charge 50k+ for 3 year old low trim trucks
Right now consumers don't see a reason to trade in their vehicles. They're saying "Why trade if it ain't broken!"
I'm gay daddy
That's exactly so true ,especially when the vehicle you have has been well maintained.
I am going to contact Draft Kings to see if they will set a over / under bet on how many times you will say It's over or It's done. I believe I could retire on that bet.
😆😝😝😂
Dude every title for 1.5 years has been over but I do work in an auto factory numbers are dropping quick 🙃 so it's not looking great for the manufacturers
Why are you here watching if it annoys you so much?
@@corvettemode1556 why are you commenting?
I keep checking the dumpster behind the dealer and nothing dumped in there yet. 😁
i think what he means by dumping them is selling them for less than what they paid for them, and the interest charges. and it might a lot less than they paid for them
I've been watching these videos for a year of it being over, when is it really over?
When you eat zee bugz
When the fat lady sings
When pigs fly.
They have one last trick up their sleeve: rate buy-downs. Rather than drop the price, I wouldn't be shocked to see 0% interest for 60/72 months on new through the dealer, while still keeping prices high.
Not gonna lie the headline of each of his videos is getting so annoying. I can't even count how many times I've read "It's over" or "It's ending" or some variation.
Don't worry, somebody will pass that salvage title through a couple of states and end up with a clean title again
Every single time
What do you mean by that??
@DzenanA-m6h there's ways of moving from state to state and ending up with a clean title. I don't know how it works. But I witnessed it in the first hand. I looked at a car that was totaled out in Michigan and somehow after getting transferred from Michigan to Illinois to Wisconsin, it ended up with a clean title again
I'm a dealer in Florida and I don't see how it's worth it. To do all the moving to different states. I suspect they're not moving the vehicle just the paperwork, but in any case, I understand if it comes back to the original state, it was branded in then the. Rebuilt pops back up again
@@dennispatton2356 won't the salvage title come up on Carfax or one of the other services? I'm an insurance agent and the Comprehensive Loss Underwriting Exchange (CLUE) picks that up immediately.
but they are not dropping prices, same real estate.
Real estate is different. There's so much pent up demand. The problem is that some people want to drive these giant pickups. Look at the price of a brand new Toyota Corolla. Or Honda Civic. They're pretty cheap.
@@drmodestoesq
There is no “pent up” demand in real estate. Inventory is exploding, similar to cars, but no one is buying. Builders around here are offering locked in 30 years, 3.5% mortgages and lower prices……..still not selling.
@@Clockwork0nions I agree. But I also think it's because they're not building the Toyota Corollas of fully detached houses.
When I built a house from the ground up....I built a boring rectangular box with a Vee shaped roof. Lowest cost option with the most interior room. All the thousands of other house designs have the most material used to produce the least amount of interior space.
Back in the day the low income houses that were built were shotgon shacks or Levittown houses. Cheap and mass produced. With few frills.
Truck customers don't need all the bills and whistles have you seen how big some of those digital displays are in these new trucks yes they're nice but they're not needed in a truck let that be any luxury vehicle not a truck. What was wrong with the old radios when we could just buy a new ones and replace them sell a truck without a radio but just the hole for the truck. Get the cost way down. Also the government may have to change some mandates to lower the prices. 20 to $40,000 is the price a new truck should be not $100,000 what working class man can afford that?? If you want luxury go buy a Mercedes or something like that not a Ford truck Dodge truck or Chevy truck that's for the working class.
I have AND HATE those big screens in my cars. I like it to be dark in my car at night, they're a literal 'eye sore'.
I love my 1995 Sonoma❤
By no means am I trying to be a jerk, nor defend the truck companies with these comments. I am quite confident that the truck companies did a LOT of studies to determine what people wanted and what they were willing to pay. I am quite confident that what you wanted showed up in that list as well. But there were more people who wanted more features and were willing to pay for them than there were people like you who wanted a bare bones truck. Some people then spent time in a spreadsheet to figure out their costs and profit to make your truck and the ones that others wanted. Your truck got left behind :(
Personally, I think it was whenever trucks stopped being work trucks and instead became fashion statements.
@@davidbergerson a lot of people may have wanted that stuff but it's not affordable. I can think of all kinds of things I would l want but it's not reality. People going in debt for those trucks extreme debt. The truck was made for work and the working man cannot afford the current truck model.
Exactly 💯
Rubber mat
Why not, we won't cry lol
I know someone who used to drive for an auto auction house. After the law was passed that it was a crime to turn back the odometer, they drove a car from a dealership to the auction house and noticed both the odometer reading and the owner who traded the car in the owner's service book. They knew the owner and a couple of weeks later saw the owner and asked them what their mileage was on the car. She gave a figure several thousand miles more than the odometer reading. Hmmm, I guess odometer laws don't mean much.
2018, ford said on-record they're moving to only high-profit models. This is what you end up with. The marketplace for costly heaps is only so large. Those who might have come in for a fusion or a focus don't even show up now. The effect ripples throughout the industry.
Prices used to be reasonable enough that a new car on a 5 year old trade in was common. Now a lot of people are dreading the day when the wheels fall off their 150k+ daily driver.
Recent Layoffs: Amazon 20,000, Dell: 15,000, UPS 12,000 I suggest the USA is on the verge of the Great Depression 2.0.
The financial limitations that exacerbated the Great Depression have been eliminated. Look at what happened in 2008. The Fed dumped a Mississippi of money into the economy. And there was no Great Depression 2.0.
Lmfao!!! Too bad you couldn’t afford to go to college and get a real job
But the good people on the tv tell us the economy is fine.
Fake comment
@@PineRidgeRez so does my accountant.
It's over. You've been saying that for a long time? You need a new thumbprint.
Your mom says hi.
So does yours.
You’re right.
Every other day this guy says the sky is falling, but I don't see prices dropping. I like his enthusiasm and energy, but you can't keep saying the same stuff without
People tuning out. Just saying...
It's because he is a content creator. He has to keep making shit up for videos. Jeremy from Jeremy's broke down cars knows everything there is about selling cars. The big 3 keep trying to hire him as President and CEO but he just keeps turning them down!
It's not only ugly when the tires stick out like that, it also throws road debris at the cars behind them.
I love modified vehicles but this trend is ruining other people's vehicles.
That's the idea. Like rolling coal. Some people like being giant A-holes. They really enjoy it.
Trend? I'm almost 50 years old and I've seen this going for as long as I can remember.
50 grand for a truck? That’s crazy
Mopar - Yuck
More like insanity! Even Toyotas aren’t worth that much money! No vehicle is worth that much money IMHO.
@@UhBuddy1976 a new car is a symbol of affluence, unless it's necessary for business. Used cars do the same job for less. If people stopped buying new cars to show off the price would eventually come down.
@@2ndavenuesw481you got that right,on a broke Indian reservation lots of brand new trucks.🤪
Where are all the repos?
I cannot be asked to care anymore. The other day I was attempting to buy a 2007 Toyota, an eighteen year old car, and the dealer refused to budge in price.
A friend informed me that the wholesale value of the car was $1,900...the dealer was demanding $7,995.
That's CRAZY!!!!!!! Did you buy it😮😮😮😮😮
FB marketplace or Craigslist
@@dangrimes5078 Of course not. I never pay the asking price, unless it's reasonable, which it never is. Hell will freeze over before I put that kind of money in an old economy car.
@@chrispaul1117 I've looked. Lots of dealers are advertising there too. Otherwise, it's people selling their POS.
@@samoz6865 once you purchase a running car for $100 by door knocking you will never stop at a car lot again.
It’s over again!? How is it constantly over? When is this finally going to stop because you’ve been saying it’s over for a while now? Good god man lol
They over pay for the vehicles and they think cause of prices it will let you know I have contracts with all big brands when they slow down in production then it's over and by the looks of production isn't slowing down
Did I miss the part where he explains where and when dealers are dumping their trucks? I must've dozed off.
🤡
Up here in Fargo ND, I'm amazed at all the new vehicles rolling around! We just bought a new GMC Terrain Denali....$45,000. LOVE it so far!
Thanks again for a look "behind the curtain" into a world few of us ever see -- and the forecast of the future of the economy (that matches what I see here in the Mountain West). Best wishes to you, your family, and your people.
In Arizona dealers are still asking stupid high prices and the lots are full of units that nobody wants to buy.
I thought we were in a Repo Crisis.
There's no repo crisis because banks won't sell repos for what they're really worth.
maybe, when lots and lots of dealers go out of business, and fewer and fewer remain.
Omg I am always amazed with those guys they are so fast at doing that and I can't stop smiling till they stop
Always fascinates me on how much these vehicles bring or don’t bring. Like this scenario where you explain possibly what’s wrong or why you’d pass on it.
Told my wife we're getting old schools from now on. 50-80's. It's actually cheaper to fix and maintain and the cost to purchase is comparable to new car prices. Don't have to worry about computers, GPS tracking etc. and don't have to look like everyone else in their dust buster looking cars
It won’t be long before your grandkids take your keys away anyhow.
LOL - those grandkids won’t know how to drive, unless their phones do it for them.
@@DanielFrein-n5r speak for your own mutant progeny. My son is 17. He got his motorcycle license at 15, driver’s license at 16, private pilot’s certificate at 16, and he can drive most of the semi trucks that my trucking company operates. At thirteen he could drive a John Deere 8400 with duals on it down the road when we were moving equipment from one farm to another.
Maybe your kids are just poor parents.
I just picked up a 2005 mercury sable ls one owner 71k miles for 2k for my son. Super clean. In my area that's almost unheard of. Just a back and forth to work and college.
Dear used car dealers: STOP PAYING SO MUCH. CUSTOMERS WILL NOT PAY YOUR PRICES.
What I've seen on YT lately is unless there's a warranty avoid post pandemic period. Ford, Dodge and especially GM have junk motors and trans. Some 2015 and newer same issues. Buyer Beware. Profit is Job one.
Damn…how many times can it be “over” or “done”?
Really liked you putting the mic up to the auctioneer. Auction day is best day.
Many people are refusing these prices. My brother has a 2010 RAM 3500. Engine is good but it's a North East truck so rot was taking hold. We just got done pulling the bed and cab. Replace all bushings and rotten bits. New fuel and brake lines, blast and paint the frame and under body, new exhaust. Then put it all back together. It took 4 weekends and $4k. This truck will be around another 15 years which is another new truck that won't be sold.
The manufacturers and dealers are doing it to themselves.
Hey, congrats on hitting the 250K subscriber mark!
so talking to my friends and others about cars... other than the rich who just buy whenever however.. the only people trading cars in right now are those who NEED a car now.. not those that simply want a new car (even ifthey can easily afford it).. those who need a new car are typically with cars that are or have died or they are worried about lasting as we go into a new fall / winter season.. everyone else is sitting on the sidelines waiting for cheaper prices, waiting for interest rates to drop or for special lease / finance deals to be subsidized by dealers....
Went to local Dodge dealer, massive amount of inventory. What I noticed was inexperienced sales reps working the lot and the refusal to lower the prices. The one Ram I looked at, a Larimie edition was $83k off the lot.
Brandon, loving this format. Really cool to see the vehicle and see what your perspective is, then see what actually happens. Unfortunately, it's looking like this market is going to continue for the moment.
Great work as usual! Love the collabs with Michael B and of course, CarEdge.
Keep up the great work!!
If you wanting to know what car is a deal it would be the CRV on an if bid of course the Chevys the 2500 ‘15 and the Tahoe.Because of the lack of trade ins the old school used cars (cars over 30 years old)are a better value and you can make more money with them.
Ummm....all you have to do is pull up the sales numbers to see that not only are dealers of all brands selling cars but they're selling more new cars then they did last year.
Car prices arent coming down.
Our Honda , Toyota and Chevy Dealerships just Built new locations. 🚗
I like this auction! Thanks
Here in W-NY we are seeing more Tahoe's, even Escalade's, than we have seen in the last 5 years! Nice '16 LTZ w/140 that was retailing at $19k A really nice 2011 w/55k mi for $16.5 w/5.3. The Escalade was the Lux model w/6.2 and loaded, 60k miles for $32k retail, about 1/3 new msrp! Send more please. LOL 8)
I find myself here again saying prices aren’t changing lol and I’m still waiting.
I cannot be asked to care anymore. The other day I was attempting to buy a 2007 Toyota, an eighteen year old car, and the dealer refused to budge in price.
A friend informed me that the wholesale value of the car was $1,900...the dealer was demanding $7,995. Fuk off!
Here in the Philippines, I can buy a high-quality Kei van for less than $4K customized. A new Toyota Hilux is less than $17K. Diesel, cloth interior, A/C, 5 speed transmission, 4X4, white.
There's no difference from the philippine people and American people. Low-income is wiped out. Middle-income is being wiped out right now. My wife.
Is from the Philippines.
So I do know what i'm talking about. We have hundreds and thousands. A people that are homeless that live underneath bridges that live in woods is getting worse in America. We are becoming a third world country. Just like the philippines.
@@manatee419 Agreed.
Its been over for the last year according to your videos. Dealers are dumping vehicles, cant sell them, all the above and yet prices are still stupid. Until prices tank and dealers go out of business its all BS! Fact is, people are apparently buying enough that they aint out of business yet.
The dealership that tried to rip my father off last summer has an empty lot now. Appears to be closed.
Walked away from 3 ordered trucks after pricing went up when they finally showed up at the dealerships with not all the options. Dealerships in upstate New York are still out of their minds because we have idiots that like to have 1,500 dollar payments a month. Dealerships keep sucking these people in with bling. Been waiting 3 years for pricing crash 🤷🏼♂️🤷🏼♂️🤷🏼♂️
New car dealers with tons of inventory are just not budging on thier prices. I have a 2023 Ford F150 Lariat that I absolutely love and have no intention of selling it for a long time. EVs all the way
Nice, glad to see the auction action
Wow...39 seconds ago , still warm!
It's insane to me cars with 100,000+ miles are going for $10,000+ wholesale.... it is insane! ha
How about trucks? A good, reliable, truck will run 250-300K. It'd be great if we knew what motors these vehicles had.
It's a different world, for sure, but the mileage doesn't necessary impact the functioning as much as it might have in earlier decades. It is a crap shoot, and repair bills are often high on used cars, which makes it seem pretty risky to put too much into them.
Your right. I offered caddy my dodge with 16000 miles and 20 grand for a 2025 ct5 and they laughed. $53 thousand for a 2025 caddy and another $3000 for insurance. That's over $18 thousand a year payments for 36 months. Hell no.
I can't understand an auctioneer. How the fuck are we supposed to participate?..
@@Rin-qj7zt exactly
Still seeing it here in Central FL. Dealers still trying to charge almost new prices for used cars with 25-30k miles on them and being several years old.
Why are they building NEW Dealerships where I live?
It must be difficult making a video every day for an entire year saying the same thing with different words.
😂
I traded my 2015 Ford Explorer Limited to the Ford dealer in Indian Trail, NC. I suspect it is going to show up at one of the auctions you attend very soon.
My pickup 2001 Chevy Silverado 2500 four-wheel drive towing package I would not take a new vehicle even if they gave it to me for free because they're junk
I remember when you pulled into a dealership with a vehicle that had 100,000mi; they wouldn’t give you the time of day~ they would say man that’s wore out.
Now they tell you that same mileage it’s just broke in and all highway miles lol😂
Manufacturers told dealers to stop jacking up prices over Msrp, They didn’t listen, so the manufacturers raised their prices. Now dealerships are screwed. It’s their own fault.
Why would a dealer not spend an extra $20 to pay someone to at least take a vacuum cleaner to the interior before sending it out to auction?
YOU....ALSO need junkyards and carmax offering 200 dollars for a car just because it wont start.Dealers want to give consumers crap money but want to charge buyers more.
@@richardthayer5907 someone's gotta eat
How do you not get tired of making the exact same video every day?
It's work. Doesn't matter if it's boring, You do it to feed the family.
Where is the dodge dealer that's discounted Ram trucks by about $18,000 ?????
Im just grateful for the people who buy new. Just bought a used 2019 Chevy 2500 Silverado for $42000. Money just isnt worth what it used to be.
You're grateful for people who buy new then dump the vehicle after a couple of years to buy again. The ones who buy new and keep it till the wheels fall off don't help you.
Is that supposed to be good? Wasn't a brand new 2016 around $26k.
@@jamisonmunn9215
Exactly what I was thinking. This dude got fleeced lol.
@@Clockwork0nions accounting for real inflation, the truck was more expensive in 2016.
If an item increase from $100 to $200 then it lowers by $2 its still $198 so its not drop its almost same ….. CAR MARKET IS STILL 98% expensive long way to go ….
What you claim about the dealers needing to work a deal ISN'T REALITY in Michigan! Lots are FULL, and they'd still rather burn every car to the ground than lower a dollar off markup.
Eminem spitting. Auction guy: Hold my beer
Thanks!
19,700 for that Tahoe is wild. No way they turn any profit on that after fees
I also hate the wheels sticking out. We must judge them together.
I worked doing detail work for many dealers and also had a small lot selling used cars of my own so I worked auction blocks for ten years and I never bid on a car until I ran it and checked all the fluids to see if there were internal problems I should be aware of the looks of the auto can be easily taken care of. Is running the car before purchasing at the auction a concern for you?
It's all just junk Fords Chevy's and Dodges.
4100 for that truck isn't a bad price for someone who uses it for work. Who cares what happens to it at that price.
You'd care if the bumper gets tapped and the Chinese replacement airbag they put in genades in your face lol
@@MichaelP-ns car went for 6k apparently.
The market is ripe for a Brand/Manufacturer/Dealer network to treat customers well and win. I have a feeling some brands are doing a better job than others: Mazda, Subaru. I think Nissan is trying but historically their vehicles don’t have a great reputation and almost all CVT transmissions.
Heyyyy you got a sponsor 😮 Nicee ❤ good job man 🎉
Trucks cost more now than our first home.RIDICULOUS
I don't know where this is Going on but In SD I don't see any change in the market trucks are still over priced even the "junk" brands
I own a used car dealership, around 400 car inventory, from $5k - 250K vehicles and the only thing I can tell you guys all the videos that claims car prices are dropping are just to get subscriber, he is saying for the past 2 years that car market will crush, when will that happen? in 20 years? because yesterday at Manheim Auto Auction wholesale prices were 3-5% up due to rates dropped and 90% of the vehicles sold, almost 25K+ vehicles were at the auctions in one day. I used to buy a used 2021 Tesla Model 3 Long Range for $20k last year, now I am paying $22K, a year later. The car prices will not Crush, unless you are talking about vehicles over $100K, SO PLEASE DON'T WAIT, IT WILL KEEP GOING UP IF THE RATES DROP MORE AND DON'T FORGET TAX SEASON IN THE NEXT 3-4 MONTHS.
Ppl are broke dude. They aren’t going to run out to buy overpriced vehicles when ppl need cheaper used vehicles.
Job market is crashing. Ppl are getting laid off and that’s how it starts. Same reason the federal reserve is panicking and did the .5 basis points raise.
With layoffs come more repos. Then forecloses.
Democrats should have left the definition alone and allow the true recession to happen years ago.
Ppl also don’t understand that changes in anything can take months to a year to see its affect.
Ppl also need to be patient as I see dealerships with almost no one there. At least here you almost see no one and they are in a military town.
I'll bet your cars are way over priced like all the rest of the car dealers.
you sound desperate to sell cars
where are they dumping them so I can buy them...let me know because none of my area is like that. May area is still very high!
I want to make that auction guy my cel phone ring...BDBDBDPDPBPDPBPDPDBP...
Love the channel! Keep it going
$5,700 on salvage title? Are they insane, or stupid?
Insurance; meaning good luck finding insurance, a lot of insurance companies don't cover totaled/salvage title vehicles.
Limited resale options; meaning they are unlikely to be accepted as trade ins.
Salvage title loses 20 to 40 percent of it's value, compared to clean titles, and subtract another 40 to 60 percent just for the accident report on Carfax/AutoCheck.
I'm keeping my trouble free 17 Chevy Impala.
Im keeping my wife's inherited 84 c10 silverado and my 71 delta 88 royale convertible. And my wife's 2017 jeep patriot. All paid for and running. Only car note is 2020 jeep gladiator. Work from home so all will last a good while
@@karonwells8481 🤩
Your videos are awesome, but the point your making just goes to show, buying private party right now is the way to go
Used car trade in values are way low to the consumer and used car prices are way high from dealers (except for your lot of course!)
Not dumping! Trucks are still too expensive
could you imagine if they open those auction up to the ,they probably get a hell of a lot more money for them vehicles😅
Yah right!
It's possible that the cars they used to send to auction they are keeping on the lot and what's coming are trade-ins for those used cars.
Really enjoyed the content. Wonder what the true cost is for some of the high dollar trucks you have shown us are.
Thank you.
Man that salvage truck was nice
Most people who justify "needing" a truck for their business are literally better off just getting into a different career so you can get by with a cheap sedan. You'll save 50k right off the bat lol. Preferably be close enough in commute and you can use an ebike for $500
Not here
Really enjoy your channel I’m from North Carolina where is your dealer ship in located I’m looking for another car
The auctioneer sounds like online customer service😳
Are those 2 Cybertrucks at the auction visible at 6:39 on the right side in the back? It doesn't look like the back of a Cybertruck. What are those?
They want way too much for a person to get from point a to point b.
RTD works just fine.