JEEP LAYING OFF WORKERS! They Are IN SERIOUS TROUBLE!
ฝัง
- เผยแพร่เมื่อ 28 มี.ค. 2024
- Car Dealers And Manufacturers ARE SCREWED!
In this video, I discuss the Stellantis layoffs, Nissan offering dealers money to take cars, and how the current car market is not looking good for dealers and manufacturers.
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
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*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices - ยานยนต์และพาหนะ
Have we run out of fools paying high interest on an overpriced depreciating asset?
Probably not.
Knowledge is knowing that a tomato is a fruit. Wisdom is knowing that you don't put a tomato in a fruit salad.
Sadly, we have people with knowledge but no wisdom when it comes to buying a shiny new car. Spending money they don't have, to buy something they don't need to impress people that don't care.
Asset you mean liabilities
Nope! F-series truck sales are only down 8% year-over-year. 95k+ units sold in January and February alone to date this year.
@@drake_leo2152 Haha, that can certainly be argued, especially on some of the junk they are selling these days!
people are tired of the dealers ripping us of.. We "Will Not" buy their cars... get used to it.
Management, executives and mayb stockholders may end up stronger?
100% They done pissed me off. Enjoy the buyer shortage 😊
Dealerships = stealerships 😂
When they charge double, triple, you didn't see their scream. I don't belive those tears of alligator
Not just dealers and manufacturers also
The auto manufacturers finally pushed the price to the point no one can afford the cars.
They aren’t de lune, the unions are right in there with them. Somehow all these union benefits, and these wonderful piggy banks, they get when they retire all come from us.
@@TheRealestHi So true! I am a retired production worker at the Honda plant in Alabama. 6 years ago I was making over $90,000.00 a year. Ford and GM have recently given their auto workers gigantic pay increases. There is no telling what their assembly line workers make now! Slow sales, overpriced vehicles and overpaid workers are the perfect storm waiting to happen. Companies can't come down enough on their prices. Disaster ahead for someone! What do you think the results will be?
@@TheRealestHi I did not think of that angle. That seems right to me. I believe the gravy train is close to over for everyone, and I'm sorry to say, it may be wise to prepare for hard times.
@@tmo4330 Cost of living in Alabama is one of the cheapest in the US at 11% below the national average. $90,000 there is $125,000 or more in many other places so keep that in mind. Your Alabama wage was considerably higher than my current engineer wage, apples to apples.
@@JohnGotts So true! I get tired of people ignorantly stating how poor people in Alabama are. Who is the richest, someone in California making $500,000.00 a year living in a 1500 sq ft house in a neighborhood with houses packed together like sardines, or someone making 90k in Alabama with a 2,000 sq ft house on 10 acres or land with a pond and quarter mile long private driveway? Not to mention property taxes are so low in the south, people up north do not believe it when they are told what we pay.
Another big problem is putting all the extra crap on all vehicles. We don’t need six cameras , video screens everywhere , a tailgate that breaks down into 12 different functions , etc etc etc
Ah...the Autobot options...look cool for your friends😂
I use my 16 yo truck to carry stuff. These new trucks are more cab than box.
It’s me and my dog. I don’t need a back seat.
I agree with you 1000%.
And dodge loves ramming red painted brake calipers down out throats on Challengers & Chargers for $500. ENOUGH ALREADY!
@@Paetaor , even the base single cab trucks are being expensive (also depends on what you want in them).
Car insurance rates are astronomical too. Because it costs so darn much to repair all the crap that gets damaged in a bump up.
Yup. Agreed. And the rise in auto theft is also helping push up premiums.
Car repair is nothing compared to the cost of, "I have this neck pain because of this fender bender. Now, I have to sue for max insurance so my attorney can get half."
They made their bed now let them lie in it!!!
This is wrong..there is NO .. I said NO Toyota inventory at the main dealers
I know! They wanted to screw people over even after a sale they say no sorry it's gonna be an extra 20k because of demand. I will never buy a new ford.
10-4
I visited a Ford dealer in Jersey yesterday and it's a maze to get ANYWHERE on their lot, big trucks and SUVs everywhere. There is nowhere to park. They got greedy, but now they're drowning. Sympathy for the devil? Nah. Cheers!
100% SIR
The F150s are no longer “ The Truck “. It’s truly sad.
Cheers indeed! 🎉
Cheers my friend
Manufacturers need to cut MSRP in half for customers to even consider buying.
That is too extreme. They can cut 10% on expensive models since rich people don't care. But for lower priced models for the public, should be 30% cut on MSRP.
Minimum 30%
@@artfquinnYea they need more base models or low optioned trime to be alot more cheaper than the upper trim levels
It's not extreme. My grandpa worked over 35 years for GM/Toyota at their joint manufacturing plant in CA. I asked him about why cadillacs costed so much. He laughed, said they spend maybe 2k more to build the cadillacs than the Chevy equivalent, but they slap that badge on and charge double. On top of that, it was only costing about 15k to build say an escalade, but they turn around and charge 100k. Yeah, 50 percent cuts aren't unreasonable. It's just greed and stockholder bs.
Edit: btw this was years ago, it possible costs have gone up, probable even, but they still make massive profits per vehicle. If they didn't, the plants wouldn't be able to keep producing.
While you are at it, you should demand the return of the 10 cent candy bar and 25 cent a gallon gas.
$50k for a car is nuts even for someone who makes $150k. These cars are NOT affordable. $50k should a fully loaded luxury vehicle, not a commuter car. It's insane to think the cheap car I bought (but wasn't a hunk of junk) when I was 18 and could afford on my basic retail job is completely impossible to get today.
Thing is, I don't think they'll drop prices far enough. $55-70,000 dollar trucks are nuts, much less $80-100,00!. Not making sedans, nuts. A little greed is understandable. Screwing people over eventually screws yourself. I guess they need to learn this all over again.
And when it hits the fan they will get a nice big bailout check from Uncle Sam on the taxpayers dime because they are "too big to fail".
Totally agree dropping 34 $5000 on a $80,000 truck is nowhere near what it's gonna take to get the market buying again. I think these things gotta be cut in half before you start to see a pick up.
My family has always been Dodge Caravan people. A just OK car, that gets the job done, at a good price. Well Dodge stopped making them in favor of the high end chrysler van only.
I was just looking and the Chrysler Pacificas are all over 50k + in my area. A base Toyota Sienna is 39k and its pretty optioned out in base form. Even 39k is way to high for a base family mini-van and beyond the reach of most families...... But why-O-why would anybody spend 20 to 30 percent more for a Chrysler over a Toyota? Just stupid.......... Who the hell is in charge over there? We all know they are going for broke and hoping for a bailout.
I had no idea trucks were anywhere around $75k to $100k. I think of them as "pick ups". Meaning, haul stuff around and nothing special. I have to credit the sales people that are able to convince someone to buy at those prices. If I was to buy a $90k vehicle, my net annual should be in the $270k plus. That's just me 😂
I would buy a Ford lightning if it was $20K. That would be a good price. I mean if they don’t want to sell them then they can keep their high prices. They can either take a partial loss, or a whole loss.
$45,000 for a Maverick is a joke. Ford the Recall Kings no thanks.
I make auto parts for a living. It’s been months since we’ve made anything for the Mach E. These manufacturers are having the rude awakening pushing these EVs on a public that doesn’t want them. Based on the engineering of the new ev parts I’ve seen in pre production right now, I wouldn’t touch one of these new ones they are going to be bringing to market. They are rushing the design and I think it’s going to be a disaster, especially for GM and stellantis.
Tesla sold almost 1 million EVs in 2021.
2022- they sold 1.3 million.
2023- Tesla sold 1.8 million EVs.
2024- Tesla might sell 2 million EVs. They've been making a profit each year.
Sure, nobody wants EVs. Keeping telling yourself that.
People actually don't want large expensive ICE trucks and SUVs. There are thousands of those sitting on lots not selling.
The problem with Chevy, Ford and others is the high prices, dealer markups, add-ons, crappy buying experience, poor product quality, few choices for EVs and no Superchargers....until now, using Tesla Superchargers.
I’ve been looking to buy a Ford Maverick (along with the rest of America). The MSRP is about $27,000. The dealer wants to add on a $7000 ADM to the MSRP. Some people can be mad at the manufacturers but my villain is the greedy dealer. I’m not spending that additional money so they can pay for the other cars that are not moving on their lot.
Whats ridiculous is the Maverick sells cuz its a cheap usable vehicle. And they wanna mark it up cuz its sells and theyre greedy.
Ford Maverick..I like it...but is should't be more than 20.000 MSRP !!!...or not more than 25.000 full price out of lot !
The maverick is built in Mexico. It costs ford way less to build these trucks. But they won't pass the savings off to you. They actually add a extra dealer fee to the sticker. I order a maverick in June of 2021. It came In November 2021. The 25000 dollar truck turned into 34174. I had it for 11 months and it had 3 recalls. I sold it and walked away. I worked for ford for 28 years. I will never buy another ford again.
Canadian here. I bought my 2016 RAM Rebel custom ordered for around $56,000 CDN in 2017. I checked on prices the last few years and there is no way I am paying $100,000 CDN for the same truck with the same features. The whole industry is out of touch with reality.
I bought my 1995 dodge ram Cummins used for $18,000 in 1999 and still have it, I paid the MSRP when it was first sold and it had 125,000 miles. You always get screwed by these people. I am keeping my truck until I die, am 60 now.
🇨🇦👍
That is why this today Prices have to go 50% or more down !...I am in Canada and my hourly wage is lower today than I was making 2010...and can not find better pay jobs !
Prices are too fricken high on literally everything!! Houses, cars, insurance, gasoline, groceries, etc. this economy is going to kill a lot of people!
Maybe ? that is the plan?
My friend is a supervisor at ford. She just told me 10 minutes ago that they are only working 3 hours per day because the f-150 isnt selling.
If you look it up on the detroit news station they just ran a story last week how they have thousands of them just sitting.
If they made base model f150s, extended cab or single cabs, with regular no turbo engine with base trims they would sell. No one wants an F150 for 100k, if I pay that much I might as well get a Porsche or Mercedes.
All those F 150’s sitting and not selling, F will send them to crusher before lowering any prices.
I've been in the market for a car since my transmission died in July last year. I outright REFUSE to pay what they're asking so I chose to walk instead. On bad weather days I'll take a cab. It's about 3.5 miles each way to work and while not ideal it's been good. But I still check in at a few lots and I still see the exact same cars there that were there in August. 6-7 months and nothing moving. I've checked on a few of them and the dealers have absolutely refused to budge on the price at all saying they'd be losing money but how much more money have they lost just letting them sit. I told one guy that my $20k is better than letting the car sit and rot and he laughed. That was just before labour day last year. The car is still sitting there and it's dropped from $27k down to $22k now but even if he met my price I wouldn't take it on principle. He had his chance.
GOOD FOR YOU
wanna have some fun? offer him 18K now!
I've been without a car for a few years now, too. I've learned some basics about taking the buses here, so can go a few places. Just wish there was a stop much closer so I could use it more. I've done Uber a few times, too. I've been saving as hard as I can, but I need as much of my money to go towards the quality of a vehicle as I can get it to, not some dealers overpriced vacations, so I may have to wait a little longer - at least until 'tax season' is over.
By now that’s “lot rot” and you need to do a thorough inspection on it’s see if any rust has accumulated.
@@renardfranse good idea, it's a year older now, lol
so naturally, with car sales, being at an all-time low, dealerships will turn to their service departments to bring in the money. That means when you bring your car for service watch out! They will be looking to sell you a lot of unnecessary garbage to bring that service ticket up.
Yeah I had a bad starter on my car. Was about to go to a dealership to get it serviced but wised up and took it to a local shop. I’m sure I saved a ton of money
My mom had a "shifter error light" in her 2015 chrysler 200. Local shop wouldnt touch it..."dealer part". Dealer didnt diagnose and just replaced shifter assembly for around $12-1500 cant recall exactly. Same thing happened a month later. I diagnosed it myself it was a weak battery throwing a shifter code. She never needed a shifter at all. DEALERS ARE CROOKS. She didnt drive the car enough to keep the battery charged fully. Replaced the old\weak battery and magically no issues with the shifter.
Lol, they wouldnt even service my car at the dealer.
I was just thinking of this, It's scary times!!!
Took my kia to get a recall done and the dealership asked about getting 4 spark plugs replaced for $500 I just laughed at them because I just replaced them for $20 so ridiculous.
I remember in 2020 the dealers were saying" no negotiating. The price is the price. If you dont buy it someone else will
They’re still saying that.
If it’s a vehicle worth buying it’s still that way…Toyota hybrids for example.
@@melissasmess2773 I am looking for a rav 4 plug in hybrid. Can't even find one. Hate to see the price when I do.
@@melissasmess2773i work at a Toyota dealership, not even those are selling, we keep getting new cars but only the used cars are selling and even with those its getting bleak
Negotiations don't happen in actual dealerships. Only the small shops do that now.
🖕🏻 Jeep and all these trucks pushing 100k 🖕🏻
A new shelby pickup, with 700plus HP is 198,000 . A porsche, mercedes, makes more sense. a damn washer should not be $ 2000 either.
Not worth 50K
The management of all these corporations made extremely bad decisions but you can bet they will still get huge bonuses.
If the manufacturer goes under, they will get a bailout. If the dealerships go under, manufacturers can now have their own showrooms like Tesla and with the middleman gone, they can now compete on price with tesla.
And millions of people will be out of work and desperate. Everything is going exactly as planned.
Not too long ago, you couldn't find something you wanted on the Lot..
Now , the Lots are overflowing with Inventory. WHY is nobody buying ❓
Product from the Big Three , are JUNK.. PRICE is through the roof...
I can see a lot of dealers Going Out of business by the end of the year.
The new Dodge 'hornet' Neon cost 45k. Most new trucks start at 65k. I don't know who are buying these vehicles.
The Hornet is an absolute turd.
Apparently not many people.
Hornet is just a rebadged Alfa Romeo!
Given they have a 500+ day supply of Hornets…nobody is buying them.
I saw a video here on TH-cam that a guy was testing the Hornet and it locked up or something 😂, piece of crap I wouldn't touch with a 9 feet pole.
The cost of new vehicles is too high. I have wanted to replace my older vehicle, (12 years old) for a couple of years, but I refuse to pay anywhere close to what they are asking. BTW, I would have no problem with any size loan, however, I will rather pay a mechanic to keep the older one running. Let them go belly up.
2014 Edge... just put a thousand in to it which would have been nuts years ago but that money represents a drop in the bucket of the cost of buying a new car today. Going to ride this horse until it dies under me !
I’m a mechanic. The problem I see with keeping them running is the crazy prices to fix them. $200 an hour. Parts prices have stayed pretty reasonable but the quality has tanked since ‘20. I see so many parts bad right out of the box.
If everyone stops replacing cars then labor prices will go even higher, labor quality will get even worse than it currently is and parts will become scarce. We need new cars to be pumped into the supply. Manufacturers are just going to have to rebate the hell out of existing supply and start making base models again.
Here here! I'm driving a 2001 lexus with 230k. I wanted to replace it for the last 3 years but I refuse to pay these prices. I'll drive it into the ground.
I was looking to buy a car for around 60 but after saving I realized I wanted a house so me and my truck with 335k are going to keep saving
I've dropped 8k in the last 12 months on maintenance repairs . On my explorer. Its clean and runs good. I got 135k on it. Water pump chains. Brakes rotors new suspension. Thought about geting a 12k used car plus add 4k in add ons. Im glad i fixed my ride with cash.
Dealership would rather canabalize the work force than reduce prices
Talk to their unions that shilled for Biden
Give me a short bed single cab truck with crank windows and a radio for 20K and I will sell thousands of them over night.
Cheapest New truck around me is around 40k. Ridiculous.
Anything but lowering prices and not screwing customers over eh?
Never gonna happen - labor costs are too much. Did you see the latest UAW deal? Assembly line workers making six figures now. That drives up the cost. Same way for a 10 dollar big mac when the California miminum wage is 15 bucks. Econ 101.
@rootedrotor525 naw, they can make it happen. It's executives and shareholders wanting something for nothing. They can pump put the cars to pay the bills, but they want to sell high margin stuff instead of lower margin but higher volume.
😂😂GREED 😢😢
STILL DRIVIN 91 K1500
Single cab shortly 😊
@@rootedrotor525 And that is the illusion that the car maker unions have embraced. Union scale only applies to union workers who are actively employed. Now comes the layoffs, where nobody in that union except the drones will have a job. The minimum wage is still $0.00 per week.
130K is absurd..
The car bubble is here. I look forward to the POP.
Dealers can’t take more allocations, local car lots are full with no buyers.
Yet, if you do go by a dealership, they still try playing the shady games.
@@lookinforwater4344 I went to the dealership today, packed lot and they were still marking them 5 k over MSRP. 🤡
I am not turning info a slave for buying a car. I am already a slave for buying a house. I just need something to take me from point a to point b. No luxury plastic and no sensors to make the car fail for everything.
Hey at least you realize it. ALL Americans are debt slaves, corporate slaves or tax slaves, & they think they're free. Pathetic.
For real. There is no way it has to cost more than 8k to build a car.
Well they screwed us! Now it is their turn! I am thinking of the insane add ons and market price adjustments.
@@thystaff742 Its easier to rob people in service if they use complex failure prone hi tech parts instead of basic manual options. My wifes fancy LED tail light replacement on 2017 hyundai elantra limited was $1200 when I saw the collision repair quote. Light rear end damage collision: Rear bumper cover, tail light, a couple sensors and blend the paint was billed at over $4500
EVs are a total bust.
Nope. Tesla sold more of their Ys worldwide, than any other car or truck in 2023.
not true at all @@oneanddone7992 they sold more electric cars then anyone not cars in general
Lol, just got a quote, on a $15 000 vehicle, and the payment is $600 more than my rent, a month, so there you go. If I gotta pay more for a vehicle, than I pay, for rent, a month, I'll just keep repairing, the one, I have.
IF IT COMES TO PAYING
RENT OR MAKING MY TRUCK
PAYMENT, I WILL MAKE THE
TRUCK PAYMENT BECAUSE
AT LEAST I COULD SLEEP IN
MY TRUCK AND DRIVE TO WORK....
@@jeffreyhanshawsr4884 you sound special. Live within your means 😂 CAPS CAPS CAPS
600/mo on a 15k note? must be 36 months at a predatory (21 - 24 APR) rate.
@@mikeodonnell5430 that's over my rent. The payment, they quoted me, on a $15 000 vehicle, was $1600.00 a month. I just got finished, paying off a $23 000 vehicle for $545.00, a month lol.
Why wouldn't they cancel start stop on the cars, build in internet GPS, different tracking devices ,cameras that recording drivers , digital and electrical door handles that freeze and don't work in winter, switch back the regular ignition with a key fob, and stop doing massive entertainment screens ,then the cars will be much cheaper
None of that is what contributes to to the cost. All that is cheap
No one will ever tell me what I want to buy. I'm single. No kids, nothing. I want a car. 2 door , 4 cylinders, 13k$. Bring the taurus back, make the mustang great again, and the focus, should always be the cheapest sedan option sitting next to the cheapest maverick, which use to be the ranger 😅😂 im eternally ready to buy used cars the rest of my life.
You gotta be talking about vehicles from as late as 2002 because anything after you won't be able to get it 😂
@@ksmith1298 Huh? You a Honda fan?
buy a type R Civic if you want power and quality for the price of a overrated mustang
Mustang was never a 4 cylinder, base model is 6….just saying
You sound lonely, no shade.
They lay offs are going to be massive!
Stellantis already dumped 800 engineers! It's already started!
boo fuckin hoo
And there is no solutions too the problem. They have no clue
I live in San Diego. Not only are the prices and interest rates too high. Aaron ford of Escondido has taken an affordable maverick and added 7k+ to the purchase price.
That’s to make someone feel like they are getting a good deal
when they discount some off the inflated price
7k.
These dealers are betting the farm on PT Barnum's saying, "There's a sucker born every minute." They may not be taking into account that millennials and Gen Zers are NOT having kids!! 😜
😂😂 Ford so SHMART 😮😮
Maverick is not affordable at this prices...
is shouldn't be more than 25.000 out of lot price
(for full loaded model, that is affordable !)
I swear the Ford dealer in Poway is a money laundering scheme. Prices unbelievable and never see anyone on the lot.
Seems like the automakers don't know or don't care to know what their customers want. Instead, they are catering to their shareholders to maintain profit margins.
Every lot ive seen has been 95% full for a year ... Wheres the real data
Insurance costs are too high as well on new cars. Even if manufacturers lower new car prices, once people learn how much their insurance will cost on a new car, they still won't be buying a new car.
Somewhat related, my bf works as a vendor for a major cookie company. The insurance for his box truck is over a thousand a month and many of his vendor buddies simply let their insurance cancel. It's a horrible financial burden for a lot of folks who are simply trying to make a living.
Retired autoworker here. Been laid off many times. Nature of the industry. I'm sure most autoworkers are preparing for the layoffs that are coming. We've been down this road many times.
As the taxpayer keeps bailing them out !!!!!!!!
@@jimfleury6349 Only during the great recession when Wall Street wrecked the whole economy. I retired from a supplier that didn't go bankrupt, Had the big three not been bailed out the entire US auto industry would have folded. This includes the transplants. The Chinese would have bought the pieces for pennies on the dollar.
Just visited my local Jeep dealership, I looked at a few Wranglers, the salesman offered no discounts and everything was at MSRP with dealer add ons!
Really stupid 😮
Wrangler has no incentives from the manufacturer, markup ranges from $1000 - 2000. Would sell a Wrangler @ invoice in a heartbeat.
@@mikeodonnell5430 After the few years we've had of ADMSs and rising MSRPs I'm not willing to pay MSRP for anything right now.
When the idea of the Ford Maverick first came out, it was a great idea. They were supposed to start off at $20k (realistically $25k after all the fees).
Then, the prices got all jacked up.
50 grand for a truck that’s crazy
honestly it just feel like life right now is kind of like the last few rounds of monopoly where everyone is just shuffling houses arounds because everything is so expensive.....
That’s actually a really good metaphor considering the value of the dollar right now and the fact that the whole economy is dependent on real estate inflation
The franchise dealer model is garbage. Direct selling would be way better in terms of price elasticity, but there are idiotic laws on the books prevent direct selling to consumers in many states.
The local nissan dealer is flooded with new trucks, I looked at a titan over 2 months ago and the same truck is still sitting there. They refused to budge off their $62,000 pricetag, so I refused to purchase…. Jokes on them
Dealers have been overcharging and mark ups & add ons for many years it had to come sometime and surprised it was not sooner
interest rates are a huge deterrent right now as well. All that Federal money printing eventually comes home to roost.
Drove by a big mall today. The mall shut down a few years ago and they're trying to figure out what to do with the property. Interestingly, the lot was full! It was full of overflow vehicles from nearby car dealerships.
Along with the recockulous prices, the manufacturers are making the cars overcomplex and difficult/very expensive to maintain and repair.
Liked "recockulous"!
Well I live in Colorado and today alone I saw 10 new cars with tags and I’m thinking I am working at the wrong place 😮😂 don’t know how they afford them
At this rate, Stellantis will not exist as a company in 5 years or less.
I think you're being optimistic.
Hope stelliante, Ford and Chevy go out of business😂😂😂
Good ! They are junk cars
@@Sazonman😅
Good.
It's absolutely so true ,all the low-grade electronic crap installed adds 15-20k to the cost of a vehicle, i know i will never buy
I just tried to get a dealer to come down to middle of blue book value (it's priced on the lot over kbb top price), and they wouldn't budge. So I walked. I hope they have it in a year, I'll offer them a lot less.
OEMs and dealers have beenscrewing consumers for years, add in the poor quality contol on new vehicles and it's no wonder people aren't buying.
true, factory supply chains have been flooded with dodgy parts for a couple of years, now the financial end of the operation is shaking. frankly if you have the space, get a good used runner and a matching parts donor and either learn to be handy or hire out for skilled help - assuming you can find it.
Your heads up to "Jimbo" Farley was priceless! LMAO!
I was excited about the base Ford Maverick for around $20,000 ..... They thought at that time Luxury pick ups were a thing ...... big mistake
I ordered my Maverick last year. Was just notified that they will start my build end of April. The thing is, now, interest rates are higher than last year and the MSRP is now $33,000. Not 20k. I'd love to have a newer vehicle but at the higher price, with higher interest rates and higher insurance rates I'm pretty sure I'm going to have to take a hard pass on the purchase. The dealer might be mad but that won't be my problem.
Car and truck prices have almost doubled in the past couple of years, wages have not kept up with it. Housing prices haven’t doubled, just vehicles. No one can justify a 1200 dollar a month car payment. I can afford it but I just can’t justify it.
Housing prices doubled a couple years ago. People gonna think they’re drowning in a bowl of rice crispies over the sound of snap crackle POP!
I'll keep driving my 2001, 2000 Ford trucks until the wheels fall off...
And I have 6 sets of wheels behind the barn!
I used to love those old photos, high-rise office buildings when the windows still opened.... 😮
Can't help thinking a lot of businesses got awfully greedy during and after the pandemic and don't want to rein it in back to something near normal...
Last new truck I bought was a base 3/4 ton extended cab 4x4, paid 36K. zero options, best vehicle Ive owned. I want a new truck, 3/4 ton, V8 manual trans, cig lighter, AM/FM Cd, hand crank windows!
Nothing to break just a plain and simple vehicle. No bloated boomer fluff ( i'm 62) 12 USB ports, no fashion show, just a good truck.
ARE YOU LISTENING GM/FORD. But until they hear me I will keep on driving my old reliable truck. She's a runner, not pretty anymore but she runs!
@ 62 ,you are ready to go upstairs slowly 😂😂
Last year for hand crank windows was 2014 I no cause I bought one Ford Truck that is
The Ford dealer about 6 blocks from where I live has 5 New Mustangs and the cheapest one is $42,035 and that's for the Turbo Ecoboost, I would never pay that much for it ...
I wouldn't buy one at any price. Small engine lots of boost and ford engineering no thanks.......
On point . Nailed it . I want to buy , but not at their prices.
Sell all of them, including EVs, at "dealer cost." Happy consumer, happy manufacturer, happy employees. Win win win. SCREW the dealers. I used to work at two of them. Huge crooks.
frankly selling at dealer cost is a blessing to the dealer, I'd say let them choke on inventory, get hit hard by floor plan financing and then buy when they're crying. sorry but they need to feel major pain. and if dealerships were dumb enough to hold notes on the underwater cars they did sell between 2020-2022, they're going to get creamed.
Last time I bought a car, "below-invoice" was still a thing. Edmunds used to publish invoice prices and dealers hated that you knew their costs. Now dealers own Edmunds and "fair price" is what they publish.
Dealer cost is even way too much!
OTD quote from a Nissan dealership overloaded with Rogues with they have the lowest advertised price but 2k in add ons. Apparently they are doing good because after I saif no to the add on they stopped responding 😅.
should have stopped production back in October. But what do I know, I don't even have a car payment!
This is exactly what I've been saying! It's crazy that manufacturers are still pumping out these expensive vehicles when nobody can afford them. The whole system is broken! Hopefully this will force them to lower prices and make cars more accessible to young people again.
Car dealerships are laying off sales people….
no some are "flooding the floor" in the misguided hope that more sales personnel equals more sales. NOPE DOES NOT WORK THAT WAY
posted on your youtube channel 5.3.23, Ford is toast, most manufacturers will be toast as well!! Why? capital and earth destroying EVs and too much focus on SUVs and Trucks vs keeping a few lower priced cars and sedans lines open. Toyota will be the biggest winner especially when they realize they could sell a boat load of high mpg, low frills, low tech cars like the Yaris and likely make $$ on them. I drive a 2007 Yaris, roll up windows, manual locks and nothing tech. I love it!! I have 221K and still going strong. I used to own a few Subarus and tracked ALL expenses to come up with an all-in-total cost of ownership of .41 per mile. My current '07 Yaris has an all in total cost of ownership at .21 per mile with an all in city/hwy mpg of 35mpg and has saved me roughly about $36K in ownership cost vs a Subaru that I owned up to 215k miles. Hopefully someone from Toyota will see this and go low tech high mpg with low low ownership cost like the 2007 Yaris; you will win in the end!!
In this State, flooring cost is referred to as inventory taxes. And they’re quite high after a 30 day grace period for each unit.
I worked at GM from 1976-1990. The market was always up and down. This is a mess.
What, 1976, sooo ,how old are you, 198, 😂😂😂
@@dennynisevic7848 pretty close! 66.
Y'all gotta get this crap figured out. This has even impacted the price of a good riding horse! Yes, I've been reduced to riding horses to the store. On a good note, you don't get many recalls on them.
I've known a couple horses that needed a recall. In my neck of the woods people are dumping horses like stray dogs. Had a couple neighbors find a horse in their pasture that someone dumped and ran. We're having to padlock our pastures. I used to ride in my younger days and going to say I don't miss it.
Like me I think many knew that there would be a break point where people could not, or just would not pay the ridiculous high prices of new cars and trucks. It looks like we're at that point. Of course we also have the stupid over priced dealer fees that add to the stupid high vehicle prices.
Great job Brandon
I like your videos. They are interesting and right to the point. My father was a used car dealer. He passed away and my brother continued with his car lot in Eagle Pass,
Texas. I worked as a used car salesman for them for several years. I became a school teacher and even though I am now 68 years old I am still teaching. I lost focus
as to where the car business was. I am using your videos to update my self on the used car business. Thanks.
thank you for a little humor at the end...god knows we need it. thank you for the straight story done quick. your knowlage is one of the best bargins out there right now.
Independence Nissan last Friday had a $2k (tint, clear coat, nitrogen) markup on a 2024 SV Frontier.
Watching the relationship between auto manufacturers and dealerships is like watching a dysfunctional family where the parents and kids both blame the other for their woes instead of being honest with themselves and each other to fix the problems.
Hey Brandon I have been watching your program over 2yr. I am a used car dealer, I am selling off my inventory for pay of rate because I use floor plan ,I sell between $9000 /$13000. Still no sale ,also full coverage is chasing away customers. I had 14 test drive, 10 credit application in 5 days Still no sale.
Cool story bro
Every car is priced way above market value and people are tired of it
Went to a stellantis dealer yesterday for a tailgate recall. Walked the lot while I waited, wanted to see the jeeps. They were so far away, on a dirt hillside, I didn’t even bother. the lot was so jammed packed. I did see a 2024 jeep Sahara for 57000!!!! Insane!
Lot rot!
Hey Brandon 🌞🌟😃 Happy Friday and Happy Easter 🐰🐣
Thank you for an excellent video, getting the Truth Out! Carry On Sir!!!
I have been watching prices for 2 years.
But due to $800, $900, $1100 etc prices, I can not avoid that?
And the quality isn't the same. Plenty of videos of 1 and 2 yr old trucks and the motors going out. Having transmission problems at 40,000 miles.
Heck TFL has a video and a new Tacoma 4x4 broke on a small crawl.
🤔🤔🤔🤔🤔🤔
"I wish a Ford & a Chevy
would last 10 years like it should".
... Merle Haggard
they are still not listening and not paying attention, due to their greed in the over inflated prices.
I remember the 70s not very many people could afford to fill up a cadillac. Thus the import meant the income. YOU ARE SO RIGHT ABOUT THIS
Stellantis has Tens of Thousands of Brand New Unsold Vehicles from the past 2022, 2023, Model Years. Unbelievable. Stellantis Ending Charger & Challenger.
It’s a shame when the various manufacturers do away with beloved vehicles only to replace those with pieces of overpriced , electronic tricked out, poor quality/ durability; butt ugly pieces of crap at twice the price. Then wonder when people don’t buy and nothing moves. But then it’s easier to always offer up something new and different at a much higher price point than just going and taking a loved established model and jacking the price up $20k or more. Some of the more stupid buyers would wake up and see an issue with that.
Thanks for the video. Do you usually list your inventory on your website/car listing site? I live in an area where it would be next to impossible to find any decent used vehicles below $5k, or at least where I've been looking. It almost feels like below $10k, small dealers just don't put the effort into listing their cars.
It’s all about the price I could care less about percent interest rate or terms if they lowered the price 30% across-the-board they would sell out within two months make four-door four-wheel-drive V-8 trucks $30,000 again
You have the perfect business model! Keep up the great work!
Jim Farley just got an additional 26% raise for last years performance. If I'm a Ford shareholder I'd be pissed.
People were stupid rich with stimulus checks, PPP loans, rent and student loan money they didn't have to pay, yada yada.
Now it's back to the way it should of been. You don't earn it you can't spend it.
This was to be expected, given the layoffs in the general workforce and the outrageous prices they are asking.
This beyond supply and demand. This is F around and find out territory. Lol
Natural consequences.
Thanks for the videos, I thought you took the day off when I didn’t see a video today. Cheers!!
UAW big win months ago. Everyone cheered. Wage-price spiral added to other inflation will result in massive layoffs.
The manufacturer feels the way about the dealer.The way the dealer feels about us