Yeah, but who is going to do warranty work? The factory? That’s a big problem with Tesla, simple maintenance takes weeks. We only have two service centers in the state.
@larry648 the only thing I see as a sight benefit, if a dealership has only demo models for people to actually feel out a vehicle that might be of interest, before actually wanting to go for the deal. Problem is if your interested in a certain vehicle but isn't what you want, need, ect, then it'll be an issue. Like you said, service, decide not to go through a car you thought was wanted
The chickens have come home to roost for the stealerships. Markups and bullshit add-ons have killed off all their sales. Manufacturers should sell direct to the customer.
check my quote out exactly. oems are crooks too - eliminating lower trim models, skimping on quality and jacking up prices as well. they are the big boss so they are even more responsible.
Similar happened to me and my roommates in college during the Great Recession to the apartment we were renting. The sheriff showed up and said we had 30 days to move out because our landlord was foreclosed on. We lost the deposit as well. Tighten your belt time is coming,
a small "legal" comment. there is a "legal remedy" for anyone who purchased a vehicle from the above noted dealership that closed. any "aggrieved person" can file a suit against the noted dealership. the appropriate court will then order that a "Receiver" be appointed to take over the affairs of the dealership. that Receiver will then file a Bankruptcy Petition with the nearest Federal Court and then the Federal Court will issue appropriate orders for the sale of the Dealership assets and determine a procedure whereby missing or incomplete paperwork due to customers be completed. this process will take six months or more but there will be a process. in the mean time, customers should be able to get state vehicle license plates through the procedure established by the Federal or State Courts. now as to "money" which may be owed to customers, that may be lost as they will be treated the same as in any Bankruptcy action. "preferred" Creditors (State, Federal taxes, worker's compensation payments will be first in line) will be paid first and then anything left over will be paid to the "general class of creditors" of which customers will likely be a part. when the money runs out, those who have not been paid will not be paid.
I thought many states had an "Auto Title Recission Fund" which acted like insurance. Car dealers pay into it, and when things go terribly wrong, and it is not the fault of the car buyer, the state will sometimes pay to, I guess, "rescind" the title from whomever and give it to individual motorists. Like when the owner of "Hebron Auto Sales" in northern KY got into financial trouble and committed suicide in a public park in, I think, around 2008.
@@williamjones7821 i've not heard of a special state fund for car dealers, however, that certainly could exist. it would be prudent for any auto buyer who is having problems with his/her dealer to call the State's Attorney General's Office and ask about any remedies that might exist under the state's law.
Feast or famine. They feasted off of customers for 2 years during Covid. Now the dealers are screwed. I can’t feel bad for them. They did it to themselves. It’s karma.
Dealerships have made draconian laws protecting them. Those very laws are against the hole Capitalism thing they preach. They made a fight against Tesla and they know the writing is on the wall. Soon manufacturers will turn away from dealerships and push for direct sales
@@edf10000 oh man I’ve been sitting here watching. It’s going to be Epic. I watched my Dodge dealer I worked for (quit last year) overprice the hell out of the last calls and they all sat in the showroom for over a year with no inventory moving unless it was an ordered car like the Demon 170. I wanted to trade in my 2015 Hellcat for a 23 superstock but they wouldn’t let me even get employee pricing on it.
A 3rd generation GM and Honda dealership in my hometown (they've been in business since the late 40's)recently sold those franchises to a larger auto group and now they only sell used cars. Apparently, that's where the money is at.
When I worked at a car dealership as a salesman I made more money selling used vs new. I wouldn’t turn away a customer that would want a new car or truck but used where the salesman makes money.
Car dealerships in 2024-25 be like... 'No low ball offers, we know what we got.' Yeah you got 3 and 4 year old "new cars " that have lost tremendous value so sell them cheap or go bankrupt holding em.
Good evening Mr TK. Excellent content and this is the core reason why we are seeing several dealerships selling major groups. Low sales, excessive inventory as well as increased overhead costs. The days of independent dealers are shrinking. Keep up the great work!
Side note I think ALL infinti and Nissan dealers only got 10-12 months left. A nissan executive said about two months ago said they got 12-14 months of funding left. That said I think around Halloween of 2025 you’ll see a letter from Nissan announcing they are shutting down for good. Look I have nothing against them. It’s just the last 10-12 years they have made some major mistakes like cvt transmission which was trash . I had a friend who had a Nissan with a cvt bought the car brand new. 70 k on it the transmission toast towed it to the dealer. Dealer rebuilds it at expense of car owner. Owner pays for the repair. Owner drives it 3 more years with the basically new transmission. Transmission blows up second time. Owner rightfully so is upset. He goes into the service area talk with the service manager and the service manager said “yeah you will only get 60-70 k out of those cvts” keep in mind 3 years prior this guy put 2500 into a rebuild. He rebuilt it again then sold the car. But Nissan should have recalled the car . Pulled all cvts pulled all these trash transmission. Then put in a non cvt at no expense to the customer
First off another great video bro. Honestly, I hate to see when businesses go out of business. Especially I hate to see when employees lose their jobs. But it might be better if the dealerships do close. This way manufacturers can sell directly to customers and just avoid all the dealership. Tom foolery sure that does mean that there are less jobs to go around, but at least when it's done that way you have the opportunity to have a better customer experience and there's less of a headache when you're going through the buying process. Just my two cents. Keep up the great work bro. Have a good one and I'll catch you on the next one.
There is zero need for dealerships anymore. They are unnecessary middle men that just contribute to added costs. Manufacturers should just sell direct.
There's the whole problem of warranty repairs. Without dealerships the automakers will have to set up Service Centers the way Tesla has. They don't pay squat for warranty work, so no independent is going to do the job for what they'd get paid. It's going to be a hot mess.
Screwing the customer is what got the majority of dealerships into their current situation. I have zero sympathy for any of them who charged ridiculous markups or added insane add ons to all of the vehicles on their lot. Hope it was worth it.
Size is no guarantor of stability. Enron? Worldcom? I used to work for Radio Shack. That was a huge company, at one time. All gone. Enron and Worldcom collapsed a lot faster. I was able to sell my stock in RS well before the collapse. You probably saw the news on the wire: chatter that Honda is sniffing around Nissan.
The dealership you may be talking about is in LaPorte Texas. Driving by all the time it looks like it has been closed for awhile, and never has people on the lot
TK, Mitsubishi North America isn’t in financial trouble but it’s now less of a partner Nissan is. Mitsu is enjoying a sort of small renaissance despite the atmosphere in the US.
Lots of automotive dealers seem to not want to work with prospective car buyers as the morale is so low in the business currently. I don't think that they realize that it is currently a buyers market! These dealership so called Product Specialist don't want to lower costs in order to move their prospective lot inventories!
there seems to be a river of stupidity flowing from the dopey oems who jack the prices up and skimp on quality and obdurate stealerships who cant conquer their addiction to adm's. i am seeing dealerships go out of business. I guess they thought they were invincible. I did too. we well see this really hit the fan shortly.
I work for a car company and go to several dealerships around tghe state weekly. I’m seeing most dealerships with very little new inventory. They’re relying on used car sales instead.
When I'm seeing a 2024 Subaru Crosstrek pricing out with dealer financing at $585 per for 84 months, the industry is out of touch. Sorry I don't give a crap if you're driving a Hellcat High Country Ghost AT4 with dingleberries, these things are not worth the what they're charging. My industry is seriously out of touch and at a major cross roads.
We had a Nissan dealership do that in my neighborhood in the signal fill auto center. In 2022 there was a Nissan dealer. I drove past on a regular basis. And with two days, it was gone not a single car on the lot. It’s now a Tesla dealer.
Don't know about Texas but where i'm at all dealers even used car dealers have to be bonded. It has protected people where this has happened. Pain though. Our big Nissan dealers in our area have no more room for vehicles and they have acres of cars with grass that i know has been around for over 4 months.
Pretty unfortunate, I had a few great years with Mitsubishi, I got factory training in Socal, got Master Tech status, in 2004 there was only 100 or so in the US. Mitsubishi was the OG for turbo engineering.
Mits dealers traditionally are Used Vehicle dealers, since their new products are pretty much junk. Looks like NMAC is the Floorplan source, who originated the $4 million lawsuit. No existing dealer will pay any Blue Sky for a Mitsubishi franchise, so the BK court will be handling the orderly liquidation. Customers who are caught in the middle might have some struggles but should be made whole, as the courts are going to take anything from them if they acted in good faith.
Carvana is the best model today. They make their money off of loans instead of crazy markups. People are more willing to pay for a cheaper car. if they get stuck with a high intrest loan its there fault and they accept that, carvana is moving volumes something these dealerships cant do
Carvana has been on the knife’s edge of bankruptcy for three years now. I don’t think that’s the best model. They way overpaid in the beginning and the car people knew it
I thought many states had an "Auto Title Recission Fund" which acted like insurance. Car dealers pay into it, and when things go terribly wrong, and it is not the fault of the car buyer, this fund will "rescind" the title from a dealer, lender, etc and pay to give it to the individual motorist. Like when the owner of "Hebron Auto Sales" in northern KY got into financial trouble and committed suicide in a public park in, I think, around 2008.
It depends on small dealerships or big dealerships. Where i live, every dealership is part of a big network. I worried more about Mitsubishi since there are always small dealerships and maybe nissian since nissian has no idea which way they are going. I talked to a nissian dealership, and they said nissian didn't give plans for 2025.
The Mitsubishi dealer by me "disappeared" overnight. The lot was cleared out and just the building signage remains, not sure what's up with that but the Gerber Collision shop that works out of the building appears to still be open.
The only Mitsubishi dealer where I’m from, Southern California. And that’s at the Cerritos auto Square. Otherwise, I don’t even remember seeing a Mitsubishi dealership.. There’s like four Mitsubishi dealerships that I do know of, but they sell the trucks. There’s no cars there.. But then again they sell all the box trucks out of these dealerships. Like the Isuzu , Hino. But other than that.. I would’ve considered Mitsubishi long and gone five years ago. When they stop making the evolution lancer.
Mitsubishi of Clarksville, Indiana (6 miles north of Louisville KY) is now a used car lot. We still see advertising for Mitsubishi of Louisville. Maybe I should drive past their dealership to see what things look like?
Unfortunately in Texas they have the stupid franchise law and we can’t get direct to consumer. The franchise I’m way it’s tile to go! Direct to consumer better service. Better prices. Less bull
Could they seize the actual building/property? I don’t know how old the Mitsubishi dealership is but if the dealership owned the physical property then the plaintiff got a 4 or 4.5 million dollar judge go after the physical property.
@@BoostedDeere actually in business it is better to lease or rent than own then costs are a tax write-off BUT ONLY those with business sense would know that.
san Diego county Mossy owns all the Nissan dealers , they used to do a out the door price with out arguing and doing a credit app to get the final price ...do like the new Z and armada PRO 4x, but needs a better name like Nissan patrol as for Mitsubishi haven't 2015 evo was discontinued , no interest or recommend the brand
North America is inconsequential to Mitsubishi Global. They don't sell most of their global models in North America which is a mystery. You see plenty of Mitsubishi cars, SUVs and trucks everywhere else in the world. Here in the Philippines you see lots of Pajero Sports and Triton trucks and all of their smaller SUVs as well as the Mirage which sells well globally in developing economies because its cheap!
Why do the consumers always get screwed. Irritating. As I see it the dealers that are going under made their own bed. Markups and ripping people off isn't ok and it's time to pay the piper. I think it'll dominoe and banks and more dealers will go under. The economic bubble has popped.
so lets say u bought a car cash and they gave u a temp plate. so u have a car on the road with a paper plate. if the dealership closes down like above and you own the car, how do u get a title? how are titles for new cars created but the oem or by the dmv?
No title no funds,,, life is simple that way... if the deal is going down they can sign off on the title the day earlier so its ready whej you come back with the funds... 1 hand hands over the payment while the other hand secures the title 😂
I think everyone letting them go. They have I estimate 10-12 months of money to operate (unless some major investors step in) that said there’s blood in the water. Everyone knows Nissan and infinti dying (on life support if you will) . By now someone like Honda , Toyota or Subaru would have sent their people to Nissan to say “if we issue you a line of credit for so many billion how much of the company is ours?” I follow car and automotive news. I have not heard of one car company coming to rescue Nissan/infinti. In my opinion it’s over for Nissan/infinti
Mitsubishi just needs to be gone from the US market. It's over. The entire Mitsubishi name is done for IMO. Nissan won't be allowed to go under... the Japanese won't let that happen. They will get it out from under the French one way or another. We have seen what the French can do to an automaker with CDJR. The only thing they are good at is retreating.
I don’t know how the dealerships are going bankrupt. I haven’t seen not 1 bankruptcy sale discount anywhere. I’m willing to bet money that the dealership that went out of business is a CDJR still with mark ups on everything lol. Clown show 🤡
Priced their selves right out of the market
Surprised Pikachu 🙃
All Manufacturers should sell directly to the customer. No love Stealerships here.
Yeah, but who is going to do warranty work? The factory? That’s a big problem with Tesla, simple maintenance takes weeks. We only have two service centers in the state.
They would never. Then they would have to deal with all of you unrealistic “customers”.
Dealerships are paid to put up with the public.
@larry648 the only thing I see as a sight benefit, if a dealership has only demo models for people to actually feel out a vehicle that might be of interest, before actually wanting to go for the deal. Problem is if your interested in a certain vehicle but isn't what you want, need, ect, then it'll be an issue. Like you said, service, decide not to go through a car you thought was wanted
@@frankjohns6062 I’ve never had a problem. For the last 20 years the local dealer even lets me take the one I’m looking at home overnight.
@ New vehicle sales and service departments are two different conversations entirely. My two cents anyways.
I'm so glad I found a local family owned dealership. They really take good care of their customers!
The chickens have come home to roost for the stealerships. Markups and bullshit add-ons have killed off all their sales.
Manufacturers should sell direct to the customer.
Yep rmus I don't feel bad at all
check my quote out exactly. oems are crooks too - eliminating lower trim models, skimping on quality and jacking up prices as well. they are the big boss so they are even more responsible.
Not the answer
Its simple the dealers wouldn't lower prices so they rather go under
Similar happened to me and my roommates in college during the Great Recession to the apartment we were renting. The sheriff showed up and said we had 30 days to move out because our landlord was foreclosed on. We lost the deposit as well. Tighten your belt time is coming,
a small "legal" comment. there is a "legal remedy" for anyone who purchased a vehicle from the above noted dealership that closed. any "aggrieved person" can file a suit against the noted dealership. the appropriate court will then order that a "Receiver" be appointed to take over the affairs of the dealership. that Receiver will then file a Bankruptcy Petition with the nearest Federal Court and then the Federal Court will issue appropriate orders for the sale of the Dealership assets and determine a procedure whereby missing or incomplete paperwork due to customers be completed. this process will take six months or more but there will be a process. in the mean time, customers should be able to get state vehicle license plates through the procedure established by the Federal or State Courts. now as to "money" which may be owed to customers, that may be lost as they will be treated the same as in any Bankruptcy action. "preferred" Creditors (State, Federal taxes, worker's compensation payments will be first in line) will be paid first and then anything left over will be paid to the "general class of creditors" of which customers will likely be a part. when the money runs out, those who have not been paid will not be paid.
I thought many states had an "Auto Title Recission Fund" which acted like insurance. Car dealers pay into it, and when things go terribly wrong, and it is not the fault of the car buyer, the state will sometimes pay to, I guess, "rescind" the title from whomever and give it to individual motorists. Like when the owner of "Hebron Auto Sales" in northern KY got into financial trouble and committed suicide in a public park in, I think, around 2008.
@@williamjones7821 i've not heard of a special state fund for car dealers, however, that certainly could exist. it would be prudent for any auto buyer who is having problems with his/her dealer to call the State's Attorney General's Office and ask about any remedies that might exist under the state's law.
The dealer by me is selling nicely optioned Outlander's for $31K-$34K.
Guess what, dealers from most brands are in huge trouble the next 24 months.
Feast or famine. They feasted off of customers for 2 years during Covid. Now the dealers are screwed. I can’t feel bad for them. They did it to themselves. It’s karma.
@@mongo64071 i say they thought they were invincible. i thought so too. we will see. already some are going out of business..
Dealerships have made draconian laws protecting them. Those very laws are against the hole Capitalism thing they preach. They made a fight against Tesla and they know the writing is on the wall. Soon manufacturers will turn away from dealerships and push for direct sales
@@edf10000 oh man I’ve been sitting here watching. It’s going to be Epic. I watched my Dodge dealer I worked for (quit last year) overprice the hell out of the last calls and they all sat in the showroom for over a year with no inventory moving unless it was an ordered car like the Demon 170. I wanted to trade in my 2015 Hellcat for a 23 superstock but they wouldn’t let me even get employee pricing on it.
I feel for the customer that is getting screwed!!!
A 3rd generation GM and Honda dealership in my hometown (they've been in business since the late 40's)recently sold those franchises to a larger auto group and now they only sell used cars. Apparently, that's where the money is at.
When I worked at a car dealership as a salesman I made more money selling used vs new. I wouldn’t turn away a customer that would want a new car or truck but used where the salesman makes money.
The margin on new cars is so much smaller than used cars
I figured that was coming. I wouldn't doubt if more is coming.. With high msrp prices!!!
The real answer to this is direct sale from the manufacturer to the consumer, I agree with the sentiment from many others on your channel.
oems are very greedy too jacking up the prices and eliminating lower trims not to mention building crap cars.
Car dealerships in 2024-25 be like... 'No low ball offers, we know what we got.' Yeah you got 3 and 4 year old "new cars " that have lost tremendous value so sell them cheap or go bankrupt holding em.
Good evening Mr TK. Excellent content and this is the core reason why we are seeing several dealerships selling major groups. Low sales, excessive inventory as well as increased overhead costs. The days of independent dealers are shrinking. Keep up the great work!
Side note I think ALL infinti and Nissan dealers only got 10-12 months left. A nissan executive said about two months ago said they got 12-14 months of funding left. That said I think around Halloween of 2025 you’ll see a letter from Nissan announcing they are shutting down for good. Look I have nothing against them. It’s just the last 10-12 years they have made some major mistakes like cvt transmission which was trash . I had a friend who had a Nissan with a cvt bought the car brand new. 70 k on it the transmission toast towed it to the dealer. Dealer rebuilds it at expense of car owner. Owner pays for the repair. Owner drives it 3 more years with the basically new transmission. Transmission blows up second time. Owner rightfully so is upset. He goes into the service area talk with the service manager and the service manager said “yeah you will only get 60-70 k out of those cvts” keep in mind 3 years prior this guy put 2500 into a rebuild. He rebuilt it again then sold the car. But Nissan should have recalled the car . Pulled all cvts pulled all these trash transmission. Then put in a non cvt at no expense to the customer
First off another great video bro.
Honestly, I hate to see when businesses go out of business. Especially I hate to see when employees lose their jobs. But it might be better if the dealerships do close. This way manufacturers can sell directly to customers and just avoid all the dealership. Tom foolery sure that does mean that there are less jobs to go around, but at least when it's done that way you have the opportunity to have a better customer experience and there's less of a headache when you're going through the buying process. Just my two cents. Keep up the great work bro. Have a good one and I'll catch you on the next one.
There is zero need for dealerships anymore. They are unnecessary middle men that just contribute to added costs. Manufacturers should just sell direct.
Definitely need to change. Dealerships nowadays are just carnivals with felons working for them
There's the whole problem of warranty repairs. Without dealerships the automakers will have to set up Service Centers the way Tesla has. They don't pay squat for warranty work, so no independent is going to do the job for what they'd get paid. It's going to be a hot mess.
Screwing the customer is what got the majority of dealerships into their current situation. I have zero sympathy for any of them who charged ridiculous markups or added insane add ons to all of the vehicles on their lot. Hope it was worth it.
Wrong answer bro! The government lock downs to steal the 2020 election is what did this period 👌🏻
Size is no guarantor of stability. Enron? Worldcom? I used to work for Radio Shack. That was a huge company, at one time. All gone. Enron and Worldcom collapsed a lot faster. I was able to sell my stock in RS well before the collapse.
You probably saw the news on the wire: chatter that Honda is sniffing around Nissan.
100% correct, who thought Sears would be gone.
Yes TK. When I saw that story I knew that you'd do a video on it.
It's going to be rough for everyone but let's hope a year from now things will be so much better
The dealership you may be talking about is in LaPorte Texas. Driving by all the time it looks like it has been closed for awhile, and never has people on the lot
TK, Mitsubishi North America isn’t in financial trouble but it’s now less of a partner Nissan is. Mitsu is enjoying a sort of small renaissance despite the atmosphere in the US.
Lots of automotive dealers seem to not want to work with prospective car buyers as the morale is so low in the business currently. I don't think that they realize that it is currently a buyers market! These dealership so called Product Specialist don't want to lower costs in order to move their prospective lot inventories!
there seems to be a river of stupidity flowing from the dopey oems who jack the prices up and skimp on quality and obdurate stealerships who cant conquer their addiction to adm's. i am seeing dealerships go out of business. I guess they thought they were invincible. I did too. we well see this really hit the fan shortly.
I predict that Stellantis dealerships that close their doors first will end up being the smart ones.
I work for a car company and go to several dealerships around tghe state weekly. I’m seeing most dealerships with very little new inventory. They’re relying on used car sales instead.
When I'm seeing a 2024 Subaru Crosstrek pricing out with dealer financing at $585 per for 84 months, the industry is out of touch. Sorry I don't give a crap if you're driving a Hellcat High Country Ghost AT4 with dingleberries, these things are not worth the what they're charging. My industry is seriously out of touch and at a major cross roads.
We had a Nissan dealership do that in my neighborhood in the signal fill auto center. In 2022 there was a Nissan dealer. I drove past on a regular basis. And with two days, it was gone not a single car on the lot. It’s now a Tesla dealer.
I saw where Dodge is bringing back the Cudda? Looks great
Wow, that sucks
You said major dealership and then you said Mitsubishi and i understood why it closed
Don't know about Texas but where i'm at all dealers even used car dealers have to be bonded. It has protected people where this has happened. Pain though. Our big Nissan dealers in our area have no more room for vehicles and they have acres of cars with grass that i know has been around for over 4 months.
Great video
Pretty unfortunate, I had a few great years with Mitsubishi, I got factory training in Socal, got Master Tech status, in 2004 there was only 100 or so in the US.
Mitsubishi was the OG for turbo engineering.
Mits dealers traditionally are Used Vehicle dealers, since their new products are pretty much junk. Looks like NMAC is the Floorplan source, who originated the $4 million lawsuit. No existing dealer will pay any Blue Sky for a Mitsubishi franchise, so the BK court will be handling the orderly liquidation. Customers who are caught in the middle might have some struggles but should be made whole, as the courts are going to take anything from them if they acted in good faith.
Well, we are technically in a recession, they just haven't admitted it yet. Corporate bankruptcy's are up.
Carvana is the best model today. They make their money off of loans instead of crazy markups. People are more willing to pay for a cheaper car. if they get stuck with a high intrest loan its there fault and they accept that, carvana is moving volumes something these dealerships cant do
Carvana has been on the knife’s edge of bankruptcy for three years now. I don’t think that’s the best model. They way overpaid in the beginning and the car people knew it
I thought many states had an "Auto Title Recission Fund" which acted like insurance. Car dealers pay into it, and when things go terribly wrong, and it is not the fault of the car buyer, this fund will "rescind" the title from a dealer, lender, etc and pay to give it to the individual motorist. Like when the owner of "Hebron Auto Sales" in northern KY got into financial trouble and committed suicide in a public park in, I think, around 2008.
There are only 2 Mitsubishi dealers here in the KC area but they seem to be doing pretty well
It depends on small dealerships or big dealerships. Where i live, every dealership is part of a big network. I worried more about Mitsubishi since there are always small dealerships and maybe nissian since nissian has no idea which way they are going. I talked to a nissian dealership, and they said nissian didn't give plans for 2025.
The Mitsubishi dealer by me "disappeared" overnight. The lot was cleared out and just the building signage remains, not sure what's up with that but the Gerber Collision shop that works out of the building appears to still be open.
They're been reporting on media in Atlanta that Honda and Nissan are going to "merge".
The only Mitsubishi dealer where I’m from, Southern California. And that’s at the Cerritos auto Square. Otherwise, I don’t even remember seeing a Mitsubishi dealership.. There’s like four Mitsubishi dealerships that I do know of, but they sell the trucks. There’s no cars there.. But then again they sell all the box trucks out of these dealerships. Like the Isuzu , Hino. But other than that.. I would’ve considered Mitsubishi long and gone five years ago. When they stop making the evolution lancer.
Mitsubishi of Clarksville, Indiana (6 miles north of Louisville KY) is now a used car lot. We still see advertising for Mitsubishi of Louisville. Maybe I should drive past their dealership to see what things look like?
Unfortunately in Texas they have the stupid franchise law and we can’t get direct to consumer. The franchise I’m way it’s tile to go! Direct to consumer better service. Better prices. Less bull
nj here. dealerships have very powerful lobbyists at the state legislature level. that is a problem.
4 million dollar suit no assets
Could they seize the actual building/property? I don’t know how old the Mitsubishi dealership is but if the dealership owned the physical property then the plaintiff got a 4 or 4.5 million dollar judge go after the physical property.
@@BoostedDeere actually in business it is better to lease or rent than own then costs are a tax write-off BUT ONLY those with business sense would know that.
That’s them being greedy
So glad I bought my Fiat 500 years ago. Only 6 more years of payments at $599 a month. And yes, I am a demoocrat.
Honda is allegedly buying Nissan from what I hear
Im suspicious that most US car manufacturers will sell direct to the consumer. I think in the next year.
Whats up TK!
Why would you not go to desert 215 instead of Tobin in Vegas I'm just curious?
Mark ups, shady behavior, etc
Dealerships profits come from service, parts and selling people paper work that they don't need.
san Diego county Mossy owns all the Nissan dealers , they used to do a out the door price with out arguing and doing a credit app to get the final price ...do like the new Z and armada PRO 4x, but needs a better name like Nissan patrol as for Mitsubishi haven't 2015 evo was discontinued , no interest or recommend the brand
My ford f-150 was about 25k in 2009 Id love to replace it but to get the same truck now is closer to 50k the prices are insane
North America is inconsequential to Mitsubishi Global. They don't sell most of their global models in North America which is a mystery. You see plenty of Mitsubishi cars, SUVs and trucks everywhere else in the world. Here in the Philippines you see lots of Pajero Sports and Triton trucks and all of their smaller SUVs as well as the Mirage which sells well globally in developing economies because its cheap!
Hey TK!!!
I’d be finding out who owned that dealership, not taking thousands of dollars of my money and walking away without giving me what i paid for
TK, are the Fletcher Jones dealerships still there?
will the cars on the lots be scrapped like they should have been?
Why do the consumers always get screwed. Irritating. As I see it the dealers that are going under made their own bed. Markups and ripping people off isn't ok and it's time to pay the piper. I think it'll dominoe and banks and more dealers will go under. The economic bubble has popped.
Mitsubishi just bought back most of Nissan's shares Nissan is doing very bad
Nissan and Mitsubishi will probably just combine and merge those two companies into Honda.
No it isn’t Renault only owns 43.4 % of Nissan.
Mitsubishi is already in bed with nissan,,,,, so, its the shape of things to come
In case of cars. Probably, but they make plenty of profit elsewhere so it honestly wouldn't hurt them tbh.
Honda and Nissan are in talks of a merger. Also going to involve Mitsubishi cuz of Nissans 24% ownership of Mitsubishi.
@@mortmoreau3576 They'll all become one and be Mitsu-Nissa-Hondabishisan. 😂
so lets say u bought a car cash and they gave u a temp plate. so u have a car on the road with a paper plate. if the dealership closes down like above and you own the car, how do u get a title? how are titles for new cars created but the oem or by the dmv?
Which one tk im from summerlin
I Read today Honda is in negotiations with Nissan to merge
Good
It’s looking more & more like Honda is going to buy & merge with Nissan.
Do it just like yall do the employee leases. Straight from the company 🤷🏽♂️
most mitsu resell lux cars see victory mitshibu in the bronx very scum price
No title no funds,,, life is simple that way... if the deal is going down they can sign off on the title the day earlier so its ready whej you come back with the funds... 1 hand hands over the payment while the other hand secures the title 😂
Who would buy Nissan if they go belly up?
I think everyone letting them go. They have I estimate 10-12 months of money to operate (unless some major investors step in) that said there’s blood in the water. Everyone knows Nissan and infinti dying (on life support if you will) . By now someone like Honda , Toyota or Subaru would have sent their people to Nissan to say “if we issue you a line of credit for so many billion how much of the company is ours?”
I follow car and automotive news. I have not heard of one car company coming to rescue Nissan/infinti. In my opinion it’s over for Nissan/infinti
Mitsubishi just needs to be gone from the US market. It's over. The entire Mitsubishi name is done for IMO. Nissan won't be allowed to go under... the Japanese won't let that happen. They will get it out from under the French one way or another. We have seen what the French can do to an automaker with CDJR. The only thing they are good at is retreating.
Bitsumishi
Doesn’t sound like a major dealership 😂
Lot rot !,!
Who buys a Mitsubishi in 2024 ?
Entire channels devoted to the same topic with the same whining and crying over and over. Your welcome for the view grifter.
I don’t know how the dealerships are going bankrupt. I haven’t seen not 1 bankruptcy sale discount anywhere. I’m willing to bet money that the dealership that went out of business is a CDJR still with mark ups on everything lol. Clown show 🤡