I will be forever thankful to you, you changed my life I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I'm favoured, 90K every week! I can now give back to the locals in my communities and also support God's work and the church. God bless America,, thank you Mr Jihan Wu😊🎉
As someone who studies markets for a living, I can say there’s a high probability that we’re going to see significant turmoil in almost every sector of the economy at some point in 2025. Everything is in a massive bubble, and it’s going to be very nasty when this bubble starts to burst. If I had to bet on it, I’d say the price decreases in vehicles will be mind blowing.
That average price for vehicles is insane. I'm 57 years old, married, raised 3 boys, now have grandchildren, and have never ever ever paid more than $35k for any vehicle I've ever owned. Be it truck, minivan, sports car, or commuter. Why would any working person put any more money into a depreciating asset than that? Even that is incredibly high.
Dealers use revenues from their service shops to support their overhead/sales staff, even when the cars are not selling. If you want to shut off the dealers revenue to reduce car prices, you cannot bring your car into the dealer shops.
@@zacklewis342 Don't be so sarcastic. You don't know this person's situation, shit head. He or she may be on a fixed income like a pensioner, or may not be earning the kind of money you obviously are. ☹
@@zacklewis342 The point is that too many people don't make enough at their jobs to pay for all the essentials and still have enough for a big car loan payment of $500+.
Save and pay cash if you can. I drove my 2003 Honda Accord until i could buy my currently only “new” car (2021 Mercedes GLB 4Matic) back in Dec. 2020. My other five cars are either bought used in cash (‘99 Corvette, ‘64 Ford Galaxy, 1975 Mercedes 450SL) or inherited from my grandfather (1937 Ford Deluxe Coupe & 1981 MP Lafer TI). Also, if you are able to- get to learn how to work on your cars. I’m not sating you need to be able to rebuild the damn things but knowing your way around them can help prevent some costly maintenance checkups by being able to see the problem BEFORE it becomes an expensive problem.
Since 2019 OEMs have raised prices by 61% compare to 23% which was the overall economy's inflation rate for the period. So OEMs have to come down a LOT on the MRSPs of their cars. Will they come down that much? Probably NOT. For 2025 models OEMs have raised prices.
Wait... title says "huge discounts are coming", then ends the video saying we won't be seeing any significant changes or price drops anytime soon.... wtf? 👎
It will take an average 10% price reduction, coupled with sub 4% interest rates to make the new car market viable long-term, and they would need to maintain this for at least a year. I just don't see this happening.
Once prices are up they don't come back down, this country is heading for medieval times. Everyone working to make the rulers rich while barely scraping by.
Maybe prices will come down. The youtuber 'TKs Garage' said today that Stellantis is planning to reduce the price of Jeep Wranglers and Gladiators by 30%. They also canceling the factory layoffs.
Learning about car industry out of informations provided by TK is the same like learning about nuclear submarines out of informations provided by Scotty Kilmer.
As more and more people loose their jobs, it won't matter how much they lower their prices. There's a lot less people now that can afford a new car then there were just a few years ago. Unless the OEMs drop their prices by at least as much as they jacked them up, it just won't cut it. As said in the comments section already, there's a big burst coming, and a lot of drowning will happen. Lastly, the stealership need to be abolished.
I can tell you right now, being in the market for a new Porsche, that the 80 days of inventory is not accurate, at least in NY. Unless you are looking for a "family" vehicle from Porsche. The sports cars have dried up.
Sports cars always have a different audience and is not a good indication of the overall car market. People buying sports cars are already ready to just drop higher dollar amounts on them and the production volume is also already lower.
I looked at new pickup trucks, two years ago. Way too UGLY and grossly overpriced. I decided to pull my old 85 Chevy C-10 into the garage and restore it. I figure $4000 for parts and paint and 800 hours of my time will give me a much better truck. Its going very slow. I have been hearing a lot of complaints about newer engines that don't last very long, car companies not honoring their warrauntees, dealer parts being defective, and repossesions are way up. I disagree with you. I think that all markets are going to tank and that many car dealers will be going bankrupt in 2025. I've seen several big economic crashes. The one in 1987 caused unemployment in my area to exceed 25% and seven banks to collapse. Carpenters who had been getting $25 per hour in 1987 were despirate for jobs at $8 per hour in 1990. People were selling off anything that they could, to get some cash. The 2008 crash cost a lot of people big time. Retirement savings were lost by many of my friends. In 2009, car prices dropped off of a cliff with the economy bad and gas very high. Dispite what the liars say, unemployment now seems to be over 20%. People don't have the money to spend on big ticket items. Good Luck, Rick
“Unwillingness to negotiate” aka unwillingness to give you a luxury vehicle for the price of a Honda, customer motivated opinionated data I see 😂 you’ll walk in and demand 6% off msrp like you’re at a flea market GTFO
Save and pay cash. Paying interest to own a car is wasting money. And when you finance a car , you become the second owner after you pay off the loan. So when you get your title , you now own a used car.
Hit 240k today Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024
I would really love to know how much work you did put in to get to this stage
I will be forever thankful to you, you changed my life I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.
I'm favoured, 90K every week! I can now give back to the locals in my communities and also support God's work and the church. God bless America,, thank you Mr Jihan Wu😊🎉
Huge discounts coming? Yea, well, I'll believe it when I see it.
How many times have we heard this?
10% off a MSRP that went up 50% the last few years? Also low interest for 36 months on vehicles at these prices is laughable.
Right
As someone who studies markets for a living, I can say there’s a high probability that we’re going to see significant turmoil in almost every sector of the economy at some point in 2025. Everything is in a massive bubble, and it’s going to be very nasty when this bubble starts to burst. If I had to bet on it, I’d say the price decreases in vehicles will be mind blowing.
Yeah, everything is going to crash since 2012😅😅😅
I'm hoping for a Mitsubishi sport of some kind for 12K if I could get a 2021 or newer that would be amazing
I hope so. I'm trying to get a used car next year.
Correctly predicting 25 of the last 2 recessions
I'm holding out for a Honda Civic R type in blazing red.
That average price for vehicles is insane. I'm 57 years old, married, raised 3 boys, now have grandchildren, and have never ever ever paid more than $35k for any vehicle I've ever owned. Be it truck, minivan, sports car, or commuter. Why would any working person put any more money into a depreciating asset than that? Even that is incredibly high.
I hear you. Never paid more than $28K.
Exactly.
Dealers use revenues from their service shops to support their overhead/sales staff, even when the cars are not selling. If you want to shut off the dealers revenue to reduce car prices, you cannot bring your car into the dealer shops.
Hugh discounts may be coming, but I still won't have any money. Buying food is much more important.
Sounds like you should be at work and not watching videos.
@@zacklewis342 Don't be so sarcastic. You don't know this person's situation, shit head.
He or she may be on a fixed income like a pensioner, or may not be earning the kind of money you obviously are. ☹
@@zacklewis342 The point is that too many people don't make enough at their jobs to pay for all the essentials and still have enough for a big car loan payment of $500+.
Save and pay cash if you can. I drove my 2003 Honda Accord until i could buy my currently only “new” car (2021 Mercedes GLB 4Matic) back in Dec. 2020.
My other five cars are either bought used in cash (‘99 Corvette, ‘64 Ford Galaxy, 1975 Mercedes 450SL) or inherited from my grandfather (1937 Ford Deluxe Coupe & 1981 MP Lafer TI).
Also, if you are able to- get to learn how to work on your cars. I’m not sating you need to be able to rebuild the damn things but knowing your way around them can help prevent some costly maintenance checkups by being able to see the problem BEFORE it becomes an expensive problem.
Since 2019 OEMs have raised prices by 61% compare to 23% which was the overall economy's inflation rate for the period. So OEMs have to come down a LOT on the MRSPs of their cars. Will they come down that much? Probably NOT. For 2025 models OEMs have raised prices.
The local dealership is offering 4.19% 60 month loans for new vehicles. Credit Unions can’t even touch that right now.
Wait... title says "huge discounts are coming", then ends the video saying we won't be seeing any significant changes or price drops anytime soon.... wtf? 👎
Any one who takes a 72 month car note is not in a good spot to give financial advice.
She said it's for a car in her fleet of Turo cars.... and she paid it off in 48 mos. she's clearly a sharp successful business woman.
@ then why not get a 48 month car note to start off then.
Answer: cashflow
@@PGHobbes Same message different day for all of these videos.
It will take an average 10% price reduction, coupled with sub 4% interest rates to make the new car market viable long-term, and they would need to maintain this for at least a year.
I just don't see this happening.
Another YT site mentioned inventory days being over 400 days, like for Jeep.
Our local credit union is 4.99 percent for '22 or newer, and 5.74 for older vehicles. Western NY.
Once prices are up they don't come back down, this country is heading for medieval times. Everyone working to make the rulers rich while barely scraping by.
The msrp needs to drop drastically or they wont move people cant afford 68 to 100k for a pickup or suv.
Maybe prices will come down. The youtuber 'TKs Garage' said today that Stellantis is planning to reduce the price of Jeep Wranglers and Gladiators by 30%. They also canceling the factory layoffs.
Learning about car industry out of informations provided by TK is the same like learning about nuclear submarines out of informations provided by Scotty Kilmer.
@@borisscepanovic1684😂
@@borisscepanovic1684 Whenever I go on a sub, I make sure the air conditioning still blows cold air
I have a 14 car Turo fleet in Australia here
the discounts still arent even what they were before prices went sky high so nope still waaaay to expensive
Still won't buy a new car
My old 1 is still kicking
Day 400 of people claiming the car market is crashing
As more and more people loose their jobs, it won't matter how much they lower their prices. There's a lot less people now that can afford a new car then there were just a few years ago. Unless the OEMs drop their prices by at least as much as they jacked them up, it just won't cut it. As said in the comments section already, there's a big burst coming, and a lot of drowning will happen. Lastly, the stealership need to be abolished.
Huge discounts are coming! Huge discounts are coming!! Yeah, right.
"Lot Rot" moment
G Class 63AMG $270K 90% off is $27K!😁🤑
I hope. My 2010 car Is dying. Hope the price drops enough where interest rates are not crazy.
Repair it....!! It's cheaper...!!
I can tell you right now, being in the market for a new Porsche, that the 80 days of inventory is not accurate, at least in NY. Unless you are looking for a "family" vehicle from Porsche. The sports cars have dried up.
Sports cars always have a different audience and is not a good indication of the overall car market. People buying sports cars are already ready to just drop higher dollar amounts on them and the production volume is also already lower.
Yeah…but “family cars” are the majority of what Porsche sells now. The sports cars are a novelty.
Try a Trabant ....it's still a German made car....!!!!!!!!!!!!!
Bought mine in California and drove it back to NY. It’s a completely different market there.
still only buying used cars on facebook market lol
These full size trucks need to lose 25000
You financed a 2018 used car for 48 months.
😅😅 seriously
Keep saying incentives why can't they just lower the price. They're not selling the stock market is dictating every damn thing
I looked at new pickup trucks, two years ago. Way too UGLY and grossly overpriced. I decided to pull my old 85 Chevy C-10 into the garage and restore it. I figure $4000 for parts and paint and 800 hours of my time will give me a much better truck. Its going very slow. I have been hearing a lot of complaints about newer engines that don't last very long, car companies not honoring their warrauntees, dealer parts being defective, and repossesions are way up.
I disagree with you. I think that all markets are going to tank and that many car dealers will be going bankrupt in 2025. I've seen several big economic crashes. The one in 1987 caused unemployment in my area to exceed 25% and seven banks to collapse. Carpenters who had been getting $25 per hour in 1987 were despirate for jobs at $8 per hour in 1990. People were selling off anything that they could, to get some cash. The 2008 crash cost a lot of people big time. Retirement savings were lost by many of my friends. In 2009, car prices dropped off of a cliff with the economy bad and gas very high. Dispite what the liars say, unemployment now seems to be over 20%. People don't have the money to spend on big ticket items. Good Luck, Rick
Whats up with that thumbnail??
“Unwillingness to negotiate” aka unwillingness to give you a luxury vehicle for the price of a Honda, customer motivated opinionated data I see 😂 you’ll walk in and demand 6% off msrp like you’re at a flea market GTFO
Save and pay cash. Paying interest to own a car is wasting money. And when you finance a car , you become the second owner after you pay off the loan. So when you get your title , you now own a used car.
Financing? Pay cash
New sub to your channel. @aubreyJanik what are your thoughts on Acura?