Car Inventory CRISIS: Dealership Manager Explains
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- เผยแพร่เมื่อ 14 มี.ค. 2024
- Car Dealer INVENTORY SPIKES: People Have STOPPED BUYING CARS!
In this video I interview a GM from a Nissan Dealership. He talks about what his dealership is dealing with right now and where he sees the car market going from here.
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!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices - ยานยนต์และพาหนะ
Ben Mynatt Nissan - Salisbury, NC
Hoping to buy frontier sometime this year I'm in SC
I live in Mooresville,NC about 35 minutes from that dealer. I was interested in a frontier so I’ll definitely get this place out.
The economy is in the toilet no thank to the 1 percent elite.
Yeah that's the Cool cat come from the back that makes you feel real comfortable real good and real special and then you end up buying the car
Great job, both of you.
Kudos to GM for not being afraid of open discussion.
It’s Nissan not GM ….l. I know I know you were saying general manager
@@Mr.Helper. By GM he means general manager, not General Motors.
Agreed. The dude was an awesome interviewee.
Duh he said that in his comment. Pay attention @havocsquad1
GM just caught using onstar to report your driving habits to your insurance company, helping them to raise rates.
I'm an old guy with too much wasted time, as I'm running out of time. I have watched you and your channel grow and 'I'm like a proud father for your accomplishments. Keep it real, keep it honest. Tip of The Hat to the crew that supports your efforts. Help those in need and say NO to greed. Sarge
Thanks! 😁
Dont worry, reincarnation is a real thing and you remember everything across all your lifetimes for billions of years.
Then you to make Jesus your lord and savior. If you dont beleive in him, just try him and ask him or talk to him.
I'm old, too. And I'm glad I have a lovely rig from the Toyota family-a paid off V8 that runs like butter and almost certainly the last truck I'll ever own.
@malcommarson, The dealership said his profit is from service work. I don't think the dealer gets a pat on the back for stealing another way!
I'm not a Nissan guy, but that GM has all of my respect with the way he is running that dealership.
This GM is an absolute jewel of a businessman 💯🏆👍🏾
When corporations stop listening to their customers, and listen to BlackRock-Vanguard-StateStreet-ESG-WEF instead.
Amen!
This
Unions keep driving car prices up .
US Government, Taxpayer’s , bails out the auto industry..Obama gave them Billions 💰 to Cover their pensions .
@@martinsbriglio8948imagine blaming Union workers for one strike last year... when Corporations and dealers have been fleecing you for 14 years since 2008 when they were apparently "in trouble"
What happened in 2016 after those "Trump tax cuts"?.. did cars get cheaper? Nope. They fleeced you AND use those billions of dollars in tax savings to do stock buybacks to juice up their stock. Did the Unions get a raise then? No.
Stop simping for corps
Great interview. Very thoughtful and candid general manager. Imagine the stress he and his co-workers are under these days. Give him credit for agreeing to do an interview like this. He just improved my image of Nissan substantially, notwithstanding Scotty Kilmer's recent comments. Maybe this GM can suggest that Nissan bring back the standard transmissions.
Heck yes to standard tranmissions! You can still get a 5speed in the base Versa. They need to put a standard back in Sentra, and especially the Frontier! I want them to, but also don't. I'd be way too tempted to get one even though I don't actually need it, and don't need to spend 40k on another truck. But man I'd probably have to scoop one up if it felt like it might be my last chance to get a new standard in that beautiful new Frontier.
Scotty approves of and RECOMENDS the Frontier in the background.
Well said
I think more of this mansas opposed to Nissan, after all it's not the car manufacturer, it's a privately owned dealership selling the Nissan brand.
No one will buy them, Honda barely is holding on to their niche trims with manuals.
Bank: We'll loan 145% of the selling price. Customer: Great, what's my interest rate? Bank: 35%
You better pay the vig or Vinnie here will make you sleep with the fishes.
@@Mr_Spock512 More like You better pay the Shel or Sheldon here will make you sleep with the bagels.
YEP! Damn!
I just bought a new car and my Interest rate was 3% what are you talking about? Talking about Someone with a 500 credit score?
@@hotrodchevy4524 Watch the video. It's an exaggeration
There’s no reason all new car dealers can’t be open and honest and still be profitable.
Great interview. 👍🏻
I agree 😊
This dealership should see an increase in sales after this video. Great marketing for them.
I normally only go Honda or Toyota, but these days the dealers in Cali are asking too much. I took my wife to our local Nissan dealer just to see what the price would be and I got a Sentra SR model under a lease 0 down with a monthly ($475) and if I wanted to buy I was going to get it under MSRP(24K) which they offered 21K. Since it is our first Nissan, if we like it at the end maybe we might buy it out.
GM sounds like an honest guy I would do business with. I know the streets
I’m pretty good at reading people. You can’t hustle a hustler
@@thystaff742 I was also once a Nissan/Buick salesman and grew up on the streets in my younger years
All salesmen sound like honest guys. You have to actually read the numbers and look at the meaning behind their actions/words to see the lies.
@@thystaff742 That's a no-brainer. But all salesmen are not created equal. I'm in technical sales and bring a great deal of value to the customer with service to build lasting relationships. Good salesmen do that and value you as a customer.
I remember talking to a Toyota finance manager one time, and he told me, "Buy a Toyota, pay it off, and drive it until the wheels fall off."
2007 FJ 285k miles.
Yep! Drive two 13 year old Toyotas, paid off and have owed 8.5 years. Super cheap to maintain, very reliable.
Or it gets recalled
@qroadside All manufacturers have recalls. The difference between Toyota and others like Ford, GM, and Stellantis is that Toyota has FAR less.
2012 Toyota Tacoma 150000
Great interview. The car market is completely broken. Manufacturers (and some dealers) really need to wake up.
Some...hell i'd say a majority of them need to come back to reality if they want to stay in business lol.
Not broken. Free market at its best
@@user-df2mn5bx2qNot a free market if lenders are offering 140% loans again. Banks of the past wouldn't cut their own throats like that, but today they'll do it because they know there's always a taxpayer bailout around the corner. It's also not a free market when the government is borrowing as if we were fighting Germany and Japan again, just to keep people spending.
Uh huh
@@user-df2mn5bx2q Absolutely NOTHING about the last 4 years says "free market".
The Nitrogen needs to stop. Just stop it dealerships.
Agreed 👍
@dixienormus1619not to mention the air is over 78% nitrogen lol. That Sentra won’t benefit from that lol. I’ll use nitrogen in my motorcycle tires but it’s free at Costco
Nitrogen is for NASCAR where tire pressure is measured by the tenth of a pound. Complete waste for daily drivers.
It stops when you say take it off or I walk… Then walk
The whole nitrogen thing originated in F1. One team started doing it, so they all did. Even if it gave absolutely no advantage, the cost of filling up tyres with nitrogen is so miniscule relative to the cost of an F1 car, it was still worth doing.
Used to be a common thing for road cars in the UK until a consumer rights programme did an exposé on it and showed that using nitrogen had no benefit, and that the workshops were just upselling snake oil. It quite quickly disappeared after that.
Anyone who owns a small business, would love to have this gentleman as their GM.
A small business doesn’t have a Gm
Speak for yourself. You would want a manager that has solutions, not one that just points out the obvious problems. Is this dude old enough to have even experienced any downturns? Seems like a whiner, not a problem solver.
Absolutely love that format of interviewing professionals in the business, the GM was not only very professional but extremely knowledgeable about the industry and was completely direct and honest in his responses ,a job well done and and huge positive reflection on his profession and that dealership👏👏👏
Absolutely. I'm far more likely to buy a car from a dealership that is reasonably honest. I'll drive a ways to do so.
@@rvail136same here.
This GM is an honest stand up guy. This is the guy to do business with.
We have money but hate the dealer experience. You gotta make the buying experience easier and less stressful to attract newer genrations.
Agreed, I'm about to buy a new car (with cash) and I dread going to a dealership.
All I want to do is fill out a form online with my desired car specs and get the car without all the up-selling BS.
We bought a 2018 Subaru XV (CrossTrek) thought a buyers agent here in Australia. Look up [Autoexpert] TH-cam channel. Hopefully there are similar services in the US. It works like this. They work with a fleet buying company who negotiates on your behalf. You tell them the make, model, colour, trim ect and your address. They ask any dealer in the country and update you over about a 2week period on the offers. It’s like having an industry veteran negotiator in your corner. We got a seriously good deal. Once you accept an offer, you go to the dealership with a bank check, they give you the car and walk out with rock bottom price and no BS. The dealership pays them a small fee for handing them a sale. Watch his videos, it will inform you of a lot of tricks. Knowledge is power! Best of luck!
My latest hobby: making new car salesmen cry. They call when I enquire on a used vehicle and try to talk about 2023's.
@Mr_Spock512 Right now, only Tesla and Carmax let you buy like that. Carmax is used only, of course. Actually, there’s a new and used car dealership group in the Washington, DC area (Fitzgerald) that sort of does it, too, though I don’t know how competitive they are with pricing, and there’s also the matter of getting it to your home.
@@EMichaelBall Interesting, thanks ... but I want nothing to do with EV's and I live in Canada so buying from Washington is a no go for me.
Dealerships can't sell below the invoice but they sure can markup plenty these past few years.
Exactly, they _will_ sell under invoice when they go into receivership.
I purchased my Frontier Pro4X NISMO edition for $8000 under MSRP. Nissan is selling vehicles.
@@LuisRamos-jw7zr a nismo frontier? is that a joke?
@@imabebebebe2496Go to a Nissan dealer and take a look b
No joke. Figure it out
a long time ago my dad sold cars at a dealership. The salesmen would rotate, when possible, car buyers approached. Nobody wanted to help an old black rough looking man. My dad said i got him. he paid cash for a Cadillac and gave my dad a gallon of moon shine. Never go by looks.
Your dad sounds like a quality guy. How was his moonshine?
@@marklalli6038 Nobody bought a meal in my dad's presence that knew him. He paid. My little league baseball team finally won a game. He took us all to Mc Donalds after he borrowed money from their parents. i miss him. i guess the moon shine was OK. He lived thru that.
I'm that old black "rough looking" man. I once had a sales guy acting like I was wasting his time (full disclosure, he was black also). I test drove and liked the car but hated the sales guy. Went home, called the dealership and set up a test drive with a different salesman. Bought my new Toyota Land Cruiser from him right after that test drive. I am aware that they most likely split the commission, but no way was I buying from the first guy.
@@ld4974 That is right, just deal with nice people:)
Unless you have or know someone that has a private dealer license, you won't find much. Way too much greed in the world....
Greed from the OEM all the way down to the dealerships and the game is pretty well fixed to always be that way.
Stop buying the CRAP.
It's not greed. Joe biden printed trillions of dollars. The value of money has become less. It's the same cost for everything just our dollar strength has dropped.
Yeah, and it starts with the UNIONS. The unions have priced me out of buying their product. That's okay, I charge 'em more for my services now.
Greed? Lol It's pretty simple. Stop buying. No one is forcing you to buy.
wrong broke boy. I can see those used cars under $20k and new cars under $60k. Where are you at? Looking for that $300/month 2025 suburban? lolol
Props to this guy being so open.
This guy's honesty is refreshing... if I was going to buy a new car especially one for $20,000 I would go to his dealership he's a straight shooter...
Here in Canada (maybe same in USA?), it's also that vehicle insurance rates, particularly on new vehicles, have absolutely skyrocketed and gone crazy, adding to how unaffordable new cars are.
Same here in the US.
Insurance is theft
@@colestaples2010that’s ironic, theft is a major problem with insurance companies raising premiums
My local Toyota dealership sold out. Ive done business with them for years( buying & service) was a loyal customer. (New owner)Went to get a 30k service, they gave me 3 options most expensive was $650 least expensive being $280. Im done with this dealership. Changed to a local service shop thats been in my area for years. I dont care about carfax updates on my vehicles. Im never trading in and never selling. Im done with the car market. Tired of all my local dealerships.
21k is not cheap for a Versa. We are looking to replace our 15 year old Toyota RAV4, have the means to do it without financing but WILL NOT BUDGE until the market corrects. People went crazy with all the borrowing of cheap money that they grossly overpaid for a lot more than just vehicles. We can drive that Toyota for several more years if we have to... Deflation is going to be very painful. What's coming is ugly.
You current car is repairable, so you can keep it as long as you want. I think that there will be no deflation.
@@vlado3304friend of mine has a 2008 Rav 4. It’s still going strong with 250k, but it’s getting really structurally rusty
I don't see deflation in our future. Prices and wages have moved up and are unlikely to move down. Back in the 1960s I bought a very nice three bedroom house, full basement, two car garage, quarter acre lot for $21k. And a brand new sports car for just over $3k. I was making $12k per year (IIRC). We aren't returning to those sorts of numbers short of a total collapse and reboot.
It’s not cheap but it’s not bad.
Stop buying ANYTHING besides absolute necessities and watch how fast prices and inflation falls
Everyones broke or maxed out prices are completly out of control. Buy something old for cash
I’m pretty sure not „everyone“ is broke.
@@geraldh.8047 Just a majority of Americans are.
@@marblox9300 considering the incomes in the USA are pretty good it seems to me many have a spending problem, I will never understand why people pay for expensive cars with 500$-1500$ monthly payments 😂
@@geraldh.8047 I fully agree.
Awesome to see 2 men of integrity standin strong in the face of so many others who dont play fair. Amen and much success to both of you!
How is he a man of integrity.??? In one of his videos he said rates should come down - that is how we got to high inflation to begin with.
@@marblox9300 he operates his business with integrity. Just because he has opinions that may differ from others on how to improve things economically does not mean he does not have integrity. I dont believe lowering rates is the answer but i would still buy a car from someone who operates a dealership this way.
Cyndie Mynatt runs a first class operation. Always has, alway will. Glad to see you interview one of her GM's, who gave some good insight into the current market conditions. I used to be in that showroom all the time back in the 90's, when Brad Farrah owned the Nissan franchise (along with Pontiac-GMC). Thanks Brandon for another solid video, and of course Mrs. CQA too!
Other GM's need to watch this, oh and we need more dealerships run by folks like this guy.
I really like that general manager. He is so strait forward. With his realistic attitude, I bet his dealership does well from the top down.
As someone who would like to purchase a new vehicle, it is not going to happen until there is a massive market correction. Prices are completely out of control. Bought a brand new car for 14k in 2010. Now market equivalent is 40k. Get out of here.
Check out the Buick Envista and Chevrolet Trax 23-25,000
That's about right. I think because of all these new safety features and navigation and infotainment in today's vehicles has driven up prices ...but for the most part it's just greed.
@@lgee9027Trax may be the worst American car and the best American cars suck
There was no car 14k in 2010 unless it was the Mitsubishi mirage... A civic was already 20k. And it's 30k now.
@@lgee9027 don't do that to yourself buying any American car, get Japanese instead. Not nissan though, they suck too. Only the Frontier is somewhat decent...
I’d love to buy a car from that GM’s dealership, just to support him for trying to do the right thing.
thanks you so much for you kind words. I do deliver, FYI
I bought a house today.. I have completely given up on the idea of getting a truck, for the forseeable future
Same here. Can't afford those payments on top of mortgage and everything else life throws at us. Sadly by the time my house is paid off trucks will probably increase in price another $20k or more
I got rid of my trucks 15 years ago don’t miss them after you pay the extra fuel maintenance and insurance on top of the higher purchase cost you can easily rent a truck when you need one from uhaul and come out way ahead . In fact you can buy an airplane for less money .
I'll have an 18 ram for sale in about a month, I'll deliver it right to your door. 96k miles. Where you at? I need to thin the herd. 😁
@@jdev232Good Iuck on the sale. I recently got rid of my 2017 2500 ram after trying to sell it for almost a year. It only had 64k on it and I finally had to let it go for 18k. It had the big hemi in it and when people looked at the dash and saw it averaged 7mpg they all walked away. Can't say I blame them. It's the biggest reason I wanted to sell it. That and the lazy transmission that was gonna be a issue soon enough.
@@YouHaveAIDS well, it gets a little better than 7. Lol. 16 city. 18 hwy.
JJ is a class act and a reference for how a GM should run their operation. If he sold Toyotas I would buy from him. Thanks for the interview
So would I
With car prices today. It probably best to just keep what you got and drive it till the wheels fall off
I think this is the best strategy for today, yesterday and tomorrow.
Been on a bike for 3 years, please help
Been doing what you said....only owned 5 cars since I was 17. I am 74 now!
And then fix why they fell off
A lot of us are Single too. No Money No Honey.
and no hassle
Women these days are just like the dealerships…They priced themselves out of the market. They don’t realize that they don’t set their value…the market does. Women and cars for the last few years have not been worth investing in, and both will leave you broke.
An all to familiar song. 😅
Cats
@andrisimusmaximus5803 toxoplasma infection Ever come across a cat lady that was Nuts 🤣
You’re in the right place. Just purchased a Frontier Pro4X NISMO edition for $8000 below MSRP. And I love the truck!
This was a really good episode. Let's do more interviews with other dealerships.
If I can get some to let me I will
I would love to see more GM interviews!
50 grand for a truck that’s crazy
I know right? That's a great deal compared to what you usually see now!
🤣😂😆
The other day I was looking at a new Ram 2500 series Laramie 4 door short bed 4x4 with a Cummins diesel engine. This appears to be middle of the road trim level on their website. THE WINDOW STICKER MSRP WAS $95,000 !! I can't even comprehend spending that amount for any pickup truck. That is just staggering.
There's a specialist in the UK selling an F150 Super snake, which I can see are a special vehicle, for £190 000. At the current exchange rate that's around $240 000!
@@jonnyc5254 But there are twenty times as many Ferraris on Autotrader U.K as there are F150s. F150s are as common here as London Routemasters in the U.S.A.
The most important thing is not the monthly payment. The important thing is what the out the door payment is. In my opinion super stupid to ask for a monthly payment. I would NEVER even buy a car at MSRP. i HAVE always paid under MSR P and would never ever even pay MSRP.
Last year I was interested in the new Hyundai Kona. The salesman told me that the price on Autotrader was only if I bought on finance and that it would be more if I paid cash ! I ended up buying a used VW elsewhere and was pleased that that salesman didn't mention finance once.
The man is doing what he can to help his business. Talking to TH-camrs is proof of that.
You should see all the thousands of Ford trucks sitting all over Michigan International Speedway. Wonder where they are going to stack them up next.....
They are parked all over Dearborn
This interview should be shown to every dealership GM in the retail automotive business. J.J. is probably the most straightforward, no bullshit GM’s I’ve ever heard. His Dealer Principal should be praised for letting him be so candid and explaining the industry and how things work these days. Excellent interview Brandon!! 👍 .. love the channel
Dealers around here wont even budge 2k on a 37k truck. So screw em, I'm buying private becuase dealers refuse to deal. They deserve to go out of business since they obvious don't want to do business.
Sorry for that. Just give me a try and we do deliver.
@@1971johnjenkins🙏🏾🙏🏾🙏🏾
A lot of vehicles are now moving computers, movie theaters and concert venues. Just build me basic transportation that's affordable.
This interview is amazing! To get a "one on one" Q&A with a general manager is so interesting to watch! Unheard of transparency. Other dealers could learn a lesson here.
I like this GM’s view of how a dealership should work … the long term view of his business … I’ve got one that I’ve bought multiple cars from with the same sales person … and it’s great to see the same service person over the years too …
Nissan is famous for their crappy Jatco CVT transmissions that last about 50k miles. The only vehicles that Nisson sells that don't suck arse are the Frontiers,Titans and Armadas.
I really like this GM. Nissan should be happy to have someone like him representing their brand. He understands people and economics, I always like people that are candid and good at what they do.
The Frontier is a tempting truck.
That’s one of the better Nissan vehicles right now. I don’t know if I would touch a Ford Maverick right now due to quality issues and Toyota Tacomas cost $12k more than a Frontier. Toyota moved to a turbocharged 4 cylinder engine that won’t last as long.
@@picklerix6162frontier is way better than a maverick
You joke but I can remember a ford dealer in Indianapolis during the GFC on the radio having a buy one get one free on F150's.
A HUGE problem is all of the electronic crap that is put into new cars, adding up to huge prices and crap that will break down. I don't need a friggin iPad on the dash board. Bring back crank windows, manual seat levers, no computers in the sun visors. Hey Nissan, build a $15,000 pick up with crank windows and one computer to run the fuel injection. 4 speed stick, FWD option for $2,000 extra. Air is extra and a simple AM - Fm radio is extra. Do this and make a billion dollars. This is what working people need. You people are brain dead.
All of that electric stuff isn't actually cost as much as people. Are telling you to those lcd screens cost pennies on the dollar?
Remember when LCD first came out even old first came out. They were $10000 tvs for 55 inch. You can now pick up a 55 inch lcd screen for about $250.
Good interview. I appreciate the GM's openness. Car makers are trying to beat people down over time making them think paying MSRP is a good deal. If they sell you a car/truck without a market adjustment, that's considered winning. It's not. MSRP plus a 7-8% interest rate is a non-starter. The industry needs to crash and come back smarter and more in tune with the consumer.
If you look at the Manheim index this is just the begging of the drop..
The new car dealership business model needs to change to *fix* the problem. If banks continue to loan buyers more than the value of the car, we will see a crash similar to the housing crash of 2012-2013. Manufacturer’s CEO’s and board of directors have gotten greedy!
The love of money is the root of all kinds of evil.
Honest New Car Dealerships that care about customers DO exist.
RARE - but this Dealer is a good example.
Thank you both for this!
That GM comes across as a truly solid human being and someone that a person can trust. He has just sold a lot more Nissans for that dealership.
What a great video.
We have been looking for an 8 passenger vehicle. One was the Nissan Armada. Even used with low miles, they cost way too much with interest rates. We are debt free and will not put an 800 dollar a month payment on our family. Prices have to come way down or interest rates. My 2017 F150, which looks brand new and runs new, I bought off the showroom floor. My interest rate was 3%, and payments were lower than most cars nowadays. But like I have said, this is all by design. They want to price out everyone but the rich.
They just want to make money, not to provide cars to everyone.
if your thing is being "debt free" then why do you care about interest rates? just buy a car for cash. plenty of cars your size for under $40k.
@@ssl3546 because I like buying new or almost new. I keep my cars for a long period of time.
That's a GM I could trust. I would go out of my way to buy from him if I needed a car.
It’s so refreshing to see an authentic dialogue!
The owner of this dealership truly has a gem in his GM J.J.
You can quickly understand why this man has sales people and staff that have worked WITH him for 2 decades. He understands people’s preconceived notions about dealerships and all the profit driven antics (like the nitrogen) that have been thrown at consumers over the years. If I become in the market for a Nissan, this dealership is worth the trip!
KUDOS to this GM!!!!!!!!!! Gotta love North Carolina Honest Dealers!!!!!!!!!!!!!!!!!!!!!!
This GM knew his stuff - such an interesting interview.
There is a reason it's at auction, no dealer wants it.
CQA: I want it
Where do the rental companies offload their cars when they have had their use from them ? Genuine question from someone outside the trade but who once had to change their work lease car three times in a year with two of the cars being brand new.
Love how he was honest about loans and service. Most knew that but some still will want more than they can afford. And he was honest about what he can/cannot say.
I do not like Nissan cars but I want to give this GM my business! Great ownership, great leadership, great people. Love this!
What a delightful interview. A GM that has a team that is fair and not trying to add costs to vehicles. It was refreshing to hear the honesty of their business.
You're watching the hollowing out of the midrange car market. It's $30K to field a 'safe' rolling chassis. How many people will go w/o AC?
Fantastic work from both of you. Promote that guy. He has it!
Can’t believe what I just watched…guess I have to, looking right at it 😂. All kidding aside, HUGE KUDOS to GM JJ. How incredibly refreshing to see somebody at his level, be so forthright and able to speak straightforward and not avoiding questions, skirting around subjects, being vague etc. I can tell you this, I’ll travel to see you when in the market for a new Nissan.
Thank you so much for your kind words. Just FYI we will deliver.
Love JJ. Wish all used car dealerships were managed by this guy.
Thank you Nissan GM for doing this. I’m not in the market to buy anything because I drive a reliable old Nissan but I like the transparency and openness. I hope you get all of the business in the world.
Me too!
What's really going to break car sales is that not only is there no current demand at this point, but dealers aren't going to want people's trades either as they are way upside down on their current loans and banks aren't even going to be able to cover the negative equity with a 125% LTV on the new car to get it our the door.
a+ interview with a responsible dealer and a nice guy!
Great interview. I really liked the GM. You can tell he was telling it like it is. That's the kind of dealership I'd do business with. I really appreciated his honesty. Give him a big thanks from your followers. Tell JJ he's awesome 😁
Sedans that cost 3 years ago new 15-25 now dealers sells for 30-40 .....suv 30-35 now 40-50.....tracks 35-50 now 55-100k just in 3 last year increase. And they wondering why people less buying!!! 😂
If you put price like Ferrari be ready to sell like Ferrari.....couple hundreds worldwide handmade limited series of cars......😊
Post covid we experienced, roughly, 25% inflation. Something that sold for $25k would, with 25% inflation, sell for $30k. Wages, groceries, pretty much everything was impacted.
@bobwallace9753 and yet, covid has long been gone, and prices are still high 🤔, because people were forced to pay it. ..and continue to do so, so they continued to gouge everywhere. The world market could've made a correction, but covis opened the door to over the top panic buying and over bidding and now we're reaping the "benefits"
@@jdev232
You don't understand a couple of things.
1) High inflation happened after covid. During the shutdown people cut way back on buying/spending and supply chains weakened. When people felt the worst had passed they started buying the stuff they had gone without but supplies were limited. High demand + low supplies allows sellers to raise their asking prices.
2) Very rarely do prices get rolled back after a round of inflation. It's pretty much a ratcheting process, move forward but don't move back. What are today's "high prices" will be normal in another year or two and looked back upon as the days of affordable prices after we go through the next round of inflation.
@bobwallace9753 no...I understand that fully, but I've never lived thru a pandemic, and dare I say, have you. Nowhere before, have prices on groceries doubled, or in dome cases tripled overnight, or in 2-3 months time. A believable "story" in time of crisis....crisis over, back to "normal" inflationary rise. Inflation is usually a measurable, steady increase...this increase we saw, was in no way predictable. It was gouging at its finest, and we fell for it. Automakers tho, they'll learn, f*ckers will be rolling back prices, or they'll be done....no bailouts this time
@@jdev232
I lived through the polio epidemic and the Covid 19 epidemic. Both of which were pandemics because they were not restricted to one geographical region, but were worldwide.
The post-covid round of inflation was the sixth highest period of inflation in the US since 1900. Inflation is not "usually a measurable steady increase". Look up a chart of US inflation since 1900.
In 1946, as WWII ended, inflation soared to 18%, fell to 8% the next year, 2% the year later and was actually followed by a year of 2% deflation.
My personal experience, I bought a house for about $25k in 1975 or so and sold it for $55k about 18 months later. Extremely rapid housing price increases happen.
Great interview! It is nice to see a Manager that is so smart and humble and knows the facts!! A happy customer is a repeat customer................
Best conversation I've seen in a long time.
I like this guy.👍🏼 Smart honest manager.🏁
The debt cycle people are willing to sign onto with buying cars I find astonishing.
hence carmax and carvana
For far too many, it’s either that or lose their job. Gotta have something reliable to get to work.
@@EMichaelBall I am talking brand new cars, jobs don't care if you car is new. I am talking about people taking on these loans for new overpriced cars. Yes used is high too but not nearly as bad. And yes, you got to get to work.
Nissan should improve the reliability and reputation of their brand
Nissan none CVT vehicles are pretty good. The Frontier, Pathfinder and other models are solid. Just stay away from the Cvt's.
@@drewski1441their rwd based vehicles are pretty solid
My wife and I have been driving new Nissan’s since March 1986. Never took one back to dealership and never been broke down on side of road. And that’s after driving them to over 150,000 miles before trade in. How could you possibly be anymore solid than that?
@@the1bulldurham I mean 150k isn't anything too crazy. Its not nothing but nothing crazy either
Nissan’s have great engines it just the cvt transmissions that’s their downfall.
Brandon, this was an EXCELLENT VIDEO/INTERVIEW! You deserve an award for this one! I really appreciate and highly respect the GM in this video for his honesty able the current status of his dealership, along with his thoughts on today’s car market. Hopefully, you’ll be able to interview other GMs of other car dealerships in the near future. Keep up the the Great work on your TH-cam!
This GM seems like a good dude. Super straight up
He's a GM - so he should work for GM.
I remember a brand new Nissan altimas was $19,200 for a base model. Today’s price will never be yesterday’s price. Welcome to the new norm
Overpriced low longevity vehicles is the problem
One of your best videos/interviews yet, Brandon. That is definitely the kind of dealer/General Manager I would want to buy from.
Great interview, appreciate the GM's willingness to participate. And, fun to watch you evolve your channel. You did a really good job with this.
Glad you enjoyed it!
$500 for nitrogen and $1,000 for 'mandatory' window shading ... so stupid. Can't wait for volume chasing to come back, and sedans with half an ounce of style for sane prices. Until then ... NO.
"MANDATORY" window shading?!?! Sounds like a solid invitation to walk away -- why even talk to a place like this?!?!?
Do NOT buy a car now. WAIT. Let these dealerships slash their prices. Still WAY overpriced. Don't be a sucker.
Dealerships act like we all won the lottery!!!!!
The average underwater loan is 6k!?
That ain't good.
Part of the problem.. Is Crap products that do no last over time. ... An we the people understand that and won't buy products that are going to fail us or increase the cost over time.
Brandon, you have really elevated your production game. This is hands down my favorite episode!
I haven't seen all your vids but am willing to bet this is one of the best. It was just awesome to hear real world info about everything cars. You have to do more like this !!!...Best, Steve
Great interview!! Please do a following up interview with this awesome GM in a few months to see how their dealership, Nissan and the industry went over the summer and what consumers should expect heading into the 2025 model year.
I started buying quality used cars from relatives a couple years ago. I am about to buy a super clean car from a relative who can no longer drive.
The problem with buying cars from old people is that the interiors smell like Ben Gay and old farts.
@@IP0MonsturdI’d prefer that over these interests rates
Great interview. That GM would be a success at whatever he does. Take care of the community, the customer, the employees and the business, what a great and refreshing view that so many ignore.
It’s good to know there are some honest to goodness dealerships that still exist!!!! Appreciate the education!
Gentleman is correct 36 months average guy can’t pay that off that fast.
So, he will not buy, not a big deal.
@@vlado3304that's why the 0% 36 month incentive doesn't work
Oems are making waaaay too expensive cars. Give me a small pickup Tacoma from the 2000s for ~$20K and I’d buy it asap
I got a used one if ur interested. 470k miles
Make them much simpler,get of all the electronic crap customers don't need,and build quality that they did 20 years ago
New regulations on emissions and safety prevent the cars from ever being cheap again. It’s not like car manufacturers are greedy and overcharging. No, they have to obey the laws.