The Truck Market Finally COLLAPSED. And Buyers are DONE Overpaying!
ฝัง
- เผยแพร่เมื่อ 24 ต.ค. 2024
- I traveled to several dealerships to show you guys what current inventory and easily identifiable discounts look like. Not only are interest rates super high right now but MSRPs have gotten out of control. Thankfully many of the dealers are finally coming back down to Earth on their pricing below MSRP.
Thoughts?
2024 Toyota 2024 Ford F150 2024 Subaru 2024 Silverado
#trucks #Toyota #Ford #Chevy #Subaru #hyundai #f150 #4runner #tacoma #landcruiser
Apparently, the market hasn't crashed enough because the Toyota dealers are still asking for $48K for a $30K dollar truck.
Some greedy ass Toyota dealers add on dealer fees of $5,000 or more.
I fail to understand why am i liable to pay the dealer fees? Is it mandated by the govt or the manufacturer? Then what is this MSRP from the manufacturer? It holds no value actually.Stop paying all these extra fees or markups and walk out of the showroom.
@@EktaGolpoBolarChhilo dealer doc fee is strictly extra profit to the dealer. If its printed onto the actual buyer's order, it cannot be crossed out. What you do, is negotiate your final price having them assume you are paying the fee, and then refuse in an attempt to have them deduct it off the top line (you basically deduct it off the top then add it back on so essentially its a wash). The dealer may call your bluff and let you walk, while others will acquiesce. Just have to try.
No sympathy for any manufacturers or dealerships
If only I had a dollar for every single video title on TH-cam breathlessly announcing "The Truck/Car Market has FINALLY COLLAPSED!!!!!!!", I'd be able to pay cash for one.
Haha, isn’t that the truth!
@@AutomotiveAnonymous208So you admit you’re just posting click bait?
Just reshare videos and call them Reaction videos. EZ
Same crap different day.
No, at least I don’t think what I do when making this type of video is click bait. I’m just genuinely curious what dealer lots look like. Back in high school and college I use to walk around lots every once in a while also just to see what vehicles and pricing look like. It’s just now hilarious to be more involved in the automotive world and recognize some of the discrepancies between dealers and towns. Especially right now where vehicles pricing has outpaced the value that they provide. I think enough people have mentioned that they hadn’t realized some of what these videos show and now instead of buying new they’re just going to keep the vehicles they currently have running. Maybe I’m off base but that’s at least my perspective. 🤷♂️🤪
$13,000 for a 20 year old Taco with 200,000 miles? lol, WTF? The truck market is as insane as it's been for 4 years.
I just need a no frills 4wd truck,for $20,000. I guess i'll keep fixing my 1992 Chevy k2500 4x4 pick up? I'm done with car payments! I got 2 more months left on my 2018 Chevy Spark. Bought it with 100 miles from the dealership in 2018. Now i have 72,000. And hope it lasts another 70,000 miles. So far i only put front brakes and a battery in it. Cheap on gas too! 45 mpg. 1.4 cylinder 5 speed.
Nobody buys no frills 4WD trucks. They're offered by a few makers but nobody buys them.
I decided to run my 69 Big Block 442 as a daily and even at 7mpg I save a mortgage payment in insurance and car payments. Maintenance is easy also. Well for myself it is but the wife's getting a 67 Camaro I'm building by Halloween. Done with new cars. We've bought over 20 for personal and business use new Fords, and when covid started and they pulled the old dealer markup bs that was it for us. The "write" off was not worth it.
I’ve heard this 50 times in the last 2 years 😂😂😂
Haha 🤪 But overall it seems like discounts are starting to get bigger and bad deals or over priced vehicles still aren’t selling well. That’s a win in my book!
Yup 😂😂😂😂
The dealer mark-ups are not listed...because the msrp has been increased by so much. Thats not a collapse
4Runners are still flying off the lots, but Tacomas and Tundras are sitting. They have too many and no one is buying. No one wants a 4 banger turbo that’s 25k over priced.
I recently bought a 2024 4Runner, they had two, a Pro and a ORP that I had reserved and literally arrived that day. I bought the ORP, so they only had one 4 Runner. They also had 29 Tacomas. The Manager said they couldn’t sell Tacomas or Tundras. And it was weird because there was a Toyota supply shortage, they had zero Camrys on the lot, yet they had rows and rows of a Tacomas. Salesman were just standing around because they had no inventory to sell.. but they had 29 Tacomas 😂
No deals on 2024 Toyota 4Runner ORP's in SoCal. Just bought one at MSRP and I checked around and no discounts anywhere. I didn't want the 2025 turbo 4Runner and they will mark up the price of those by 5-6 thousand when they hit the lots.
And I will keep my ‘23 4Runner SRP if they mark up the new ones that high. I was hoping for a reasonable price for the 2025, but I’m not paying these high prices.
Even after their so called deep discounts there still expensive, who are they fooling?
That’s such a good question!
Trucks are so damn expensive now. I'm not paying 50k+ for a truck that has cloth seats and basic amenities. When you have unibody trucks for 40k, and 60k for some mid-sized trucks. Insane!
Yeah, literally crazy haha. Whoever can comfortably afford a 60-70k cloth seat full size truck hopefully is wise enough not to buy one. Especially if they don’t need a truck lol.
Yes they are expensive but when you go to trade your truck in they don't want to give you squat.
After they collapse another 2 or 3 times I might start looking
I recently learned dealers have to sell the new vehicles as used when there is some type of damage. For instance transportation damage, but they won't tell you what the damage is.
Oh interesting!! Thanks for sharing this!
Looks like I'm gonna be keeping my first truck for a long time. Prices for trucks and even used ones are absolutely riduculous.
Toyota just recalled trucks for debris in the engine,
Yeah! 🤦♂️ I actually just drove a brand new 3.4TT Tundra for a full review and driving review, I was surprised at how decent the power train felt. Hopefully that one doesn’t blow up, lol.
Nissan now offers 6ft bed, with 4 doors. 6ft bed on older models.
For full size, I think the best truck right now is the Ford f150 coyote V8. Will most likely be more reliable and last longer.
I think you’re probably right! I hear the fewest engine/transmission failures with that combo. It’s insane that most of the modern full size trucks aren’t consistently reliable and all have detrimental flaws.
Bring back the small Datsun/Nissan and Toyota pickups from the 1970’s and 80’s.
A 4 or 5 foot bed does not a truck make! Almost like its an afterthought.
For sure!
I’ve got to buy a 1 ton truck for my business before long and I’ve been looking at them recently; fell a sleep last night looking at them. They’ve backed out about $17k to $18k as stated but they are still WAAAAAY out of my price range. After the last UAW contract the big three signed off on I wouldn’t be surprised if this is their bottom dollar. All I can say is let this train wreck continue. The only auto workers that benefited out of this was the most senior employees. All the younger guys get sent to the house, more than likely permanently if they have to come back under the rules of this recent contract.
I looked at new Tacoma, dealership wanted sticker with no mark-ups. I wasn't impressed, cloth seats, cheap interior, rear wheel drive for 43K. For the same price I got the Colorado Z71, 4wd, decked out interior with full leather.
Was the Colorado below MSRP at that price? It sounds like you got a good truck!
@@AutomotiveAnonymous208 The MSRP was a little over 46k, I got 3k off. Toyota barely agreed to take off dealer adds, but I was gonna have to pay sticker.
These Trucks are too expensive!! Times are tough!!! And these Dealer ships are greedy! Mark ups like crazy!! Those Trucks will stay on the Lots and become ornaments!!!
Some of them already have become ornaments haha.
I LOVE the Red one !
I’m glad that I bought my 23 TRD Off Road, double cab, 6’ bed with the Premium and Technology pkgs.
I purposefully bought it for the proven reliable and durable 3.5L Naturally Aspirated V6.
I’ve owned 2 Turbocharged vehicles and I’ll Never own another one.
I bought your exact truck December of 2022 for the exact same reason. Over 30,000 mi zero issues of course
@@justinstiff5641 If you haven’t had the Overland Torque Tune (OTT) installed yet, I HIGHLY Recommend it.
Your Tacoma will no longer “hunt” for the right gears.
It also increases your horsepower and torque by 25 and your torque curve will begin at 2,300 RPM, instead of 3,800 RPM.
Your mpg will increase by 1-3 mpg.
We took our (my) TRD to Montana this past May to look at property to buy and build our retirement home on.
Anyhow the speed limit in most of MT is 80, so I had my cruise set on 85mph and I was getting 22mpg.
Here in Washington state our speed limit is 70, so I set my cruise on 75 and I’m getting 24mpg.
I use to get 17-18 around town but now I consistently get 19-20.
My truck came with the TRD Performance exhaust.
I also added a cold air intake.
I currently have 318 horsepower and 295 lb ft of torque.
I Hate the black leather so I’m saving up to have Katzkin make Lava Red Leather seat covers.
After Katzkin removes the black factory leather, I’m going to buy a “blood pressure cuff”, have it installed under the Red Leather seat covers for a better Lumbar Support for both front seats, as the factory lumbar support just doesn’t cut it.
A friend of mine who also has a 23 TRD, but he doesn’t have the Premium pkg, so he’s buying the black leather seat covers from me to install in his truck.
My truck is White (I couldn’t find one in Barcelona Red), so I’m having my truck 2 toned in Barcelona Red, following the lower body lines.
My last pickup was a 11 Ford Ranger XLT super cab 4WD.
We bought it used with only 20K miles in 2019. It was silver, (we Hate silver, grey, charcoal grey and black), so I had it 2 toned in Red metallic and pinstriped in Red.
I bought neoprene seat covers for it in Red with black trim. It had custom wheels, a FlowMaster exhaust and a K&N intake.
I added air shocks on the rear as it was mainly used for work around our property.
It was a very unique looking pickup and I got tons of compliments on it.
I think that Bronze or Gold wheels will look great on my 2 toned Tacoma.
I made some good investments when I was younger so I was able to retire when I was 43. I’m pushing 60 now. I only drive 6-8K miles per year and I plan on keeping my 23 TRD until I die.
I’m quite sure that my wife will be using my Tacoma to plow the 5-7 feet of snow off our private road until her death.
We usually keep our vehicles for 15-20 years or 250K - 300K miles.
I’ll probably be dead before I get to 80.
Anyhow, make sure you check out the OTT. Your transmission will become buttery smooth.
Also check out either a FlowMaster Flow FX or an AWE dual exhaust system for your TRD.
You’ll notice a difference in your performance and mpg.
The AWE is a true dual exhaust from your exhaust manifold to the rear of your truck.
Both the FlowMaster and the AWE doesn’t give you that in cabin drone At highway speeds.
Another thing that you’ll notice is that if you use your truck for hauling in the bed often, your rear leaf springs will get fatigued.
Either have an “Add a Leaf” installed (it will increase the height of the rear of your truck by 1” - 1.5” inches.
Or you can have adjustable air shocks installed.
Personally I prefer an air shocks. Just add air whenever you’re hauling so the rear of your truck doesn’t sag. Then just let the air back down to 20-25 lbs.
Because we get so much snow in our area, I put 300# of sand bags over the rear axle in the winter for better traction.
I’m quite sure that I’ll soon have to replace the shocks with air shocks.
Now that you have 30K miles have your front and rear differential, transfer case and transmission fluids changed. Then Toyota recommends that you do it every 60K miles afterwards.
I personally have mine changed every 30K miles because not only is my truck used for light duty work around our property, but we also take it on Service and Forest roads at least twice a month during the summer.
Toyota recommends that you change the oil and filter every 10K miles, but do it Every 5K miles.
Because I don’t drive very much I change the oil and filter every 6 months or 5K miles.
The most mileage I ever got out of 1 of my Toyota’s was 488K miles.
That was on my first ever Toyota, which was a 78 Corolla (I bought it in 83 for my college car and it died in 02, which I replaced it with a new Camry.
I drove that Camry until 11 when my needs changed and that’s when I bought a new RAV Limited 4WD with the 3.5L V6.
I sold it after I bought my 23 TRD that I currently drive.
My wife drove her Camry for 18 years until a couple of years ago when I bought her a new Outback for her 50th birthday.
I know that the Subaru won’t last as long as a Toyota, but at the time it was safer and had a far superior AWD traction than a Toyota and she had always wanted an Outback.
She doesn’t know it yet but when it wears out, I’ll buy her another AWD Toyota of some sort.
Have a Great Day and I’m glad you’re loving your Tacoma !
Cheers
They buying trucks off each others lot and claiming them used as low inventory to screw you into paying more
Things will never be the same again.
Just bought a 2023 Frontier SV in midnight color for $28k 👍🏼
Nice!!
👍
2024 Frontier king cabs have a 6-foot bed. 2024 Frontier SV crew cab is available with a 6-foot bed.
Great insight, thanks for sharing! I know the Pro4X in the U.S. only comes with a 5’ bed, but I think in Canada it’s also offered in the 6’.
Not collapses here yet. No discount.
Too much moving around with the camera, giving me a headache
Sorry about that!
Thank you I guess I have to go to Idaho long trip from Va
Need to change the laws so we can buy direct from the automaker. Cut out the middle man. I can say that for most industries.
The market hasn’t collapsed. Ram still exists.
Haha good point. But the pricing and the value they bring doesn’t make sense any more. That’s what’s crashed or hit a wall.
I just left a dealership refused to even sell to me at Blue book. Crash hasnt occurred
By crashed I don’t mean prices have plummeted, I mean exactly what you’re saying, the market is a mess and doesn’t make sense. Vehicle both new and used are over valued, in most cases.
I can't find any new Camry's. I could only find a few new Corolla's but those are of no interest.
It seems like Toyota doesn't really give a damn about the US car market anymore.
10 years ago you could get a base tacoma under $20k. Now you're likely to find one under $40k. I'd been saving for 5 years to buy my first new truck and now it's out of reach. I'll just run my old truck until it dies
That’s for sure! Back in 2013 I bought a new Tacoma regular cab 2wd 5 speed and I think it was like 17.5k lol.
$5,000 off now on a $90,000 truck! I can't thank you enough. Does mother acknowledge your existence?
You’re in for a surprise when you actually see a real collapse.
Sad business atm . Never again will i ever ever buy from a dealership. I found a great toyota on craigs had 51k 06. Took a long time but worth the searching and waiting
The old v6 four runner is still the best reliable 4wd on sell. These old school SUVs will probably go up in price like the fj cruiser did when Toyota dropped it.
Probably! I’m pretty sure the supercharged FJ cruiser I had and sold with 93k miles is now worth double what I sold it for around 7 years ago haha.
8 speed and 2.4 blowing up WTh 30K should be the price
Toyota has already been called out in numerous dealerships for the 'used trucks' with 2-3 miles on them.
I am sure all the manufacturers do it but they're the only ones I keep seeing with NUMEROUS used vehicles w no mileage on them.
That’s really interesting that others have noticed this and it’s not just this dealership. So weird lol.
Manipulating sales numbers apparently.
We going to let it drop to the bottom first let all the dealership know .😅😅😅
I looked at a 2024 GMC AT4 Canyon yesterday for 45k and I would rather have that than a Tacoma.
Canyons are nice!
Collapse will be when there are no cars or trucks on the lot, and the dealership is abandoned.
He never mentioned the catastrophic transmission failures on Tacomas.....lol
From what I’ve heard those are few and far between, but maybe more are being reported as the days go by? What has happened to Toyota?? Haha.
4k over MSRP is not a collapse. IMO
Agreed! By collapse I mean people can’t buy them like it’s not a sustainable business model. Not that prices have plummeted, which I hope happens soon!
This is nothing new. 5 year's ago I bought a brand new Silverado 4x4 for $16k off sticker price.
The Maverick was a $20000.00 truck
Yeah, it was supposed to be. 🤦♂️
That Toyota dealer is doing the bait and switch on their trucks plain and simple and there are people that are gullible enough to go for it😅 I had plans of buying one or two new vehicles in my lifetime but I vow now touch one with a 10-foot Pole😊
They bought the truck from another dealership, so they list it as ‘used’ with 2 miles. It is sketchy
The car dealers can keep all of those cars😂😂😂. We dont need them, we used to want them untill they started to price gauge us.
Where’s the Tacoma for $17000.00 off
The cover photo was a 4Runner, but 17k was the largest discount I could find that day on any SUV or truck. I wish Tacomas were 17k off, I’m sorry if that was misleading.
Don’t buy a turbo!
Car dealer for 30 years and sold thousands of trucks and cars. HATE THE DAMN THINGS!😖
Where are those $15,000 Toyota trucks?
That’s a good question!
Thank god it's collapsed again 🤣👍
Haha, I wanted to make sure you weren’t left wondering! It’s so crazy to see some of the same vehicles unsold month after month lol.
@@AutomotiveAnonymous208 Thanks for the heads up! I was chomping at the bit wondering if it would recollapse [sic]
😂🤙
But I know what you mean: you would think the dealers would try to adapt to current reality. It just makes me think that something insidious might be going on.
For sure! I definitely need to travel further away like I had been doing with the early versions of this video. But now I’m a bit invested to wanting to know what happens with some of those vehicles hahaha. 😂
@@AutomotiveAnonymous208 For sure, those vehicles have become like old friends 🤣
🤪
Yep, you’ve already talked yourself into buying a new Taco.
Haha, in the past few days finally watching a lot of videos on the 4th gen I realize I currently probably need more back seat room, so maybe a 6th gen 4Runner would be a more appropriate Toyota change. I just drove a current gen TRD PRO (2 videos coming soon) and man do I like mid sized Toyota body on frame vehicles lol.
@@AutomotiveAnonymous208 Yes, it’s a very different ride and driving experience.
17k off does not bring it down to what these vehicles should be worth. Another big factor is how cheap they are made majority of vehicles are plastic and super thin layer for exterior. Imagine how bad the engine material is? Why should people pay 750, a month for something that was 350~400 a month. Who in the Fk wants to pay over a thousand plus insurance and gas? Then the outrageous tag taxes depending where you live? It’s like the consumer is being ripped apart by a pack of wild animals in every direction. Outrageous car payment, outrageous insurance payments, high outrageous gas prices, high outrageous maintenance prices, who the fk has money to pay 2000k for a dumb vehicle? That’s way over the top. Then you go to the grocery store and you get fkd over again and again. How about your water and electricity? Seriously the United slavery of America.
Never buy anything from the dealer! Their greed is bottomless.
When they get down to the 30 something they might sale
Yeah, absolutely!
Not only do they cost like a house,they are junk. Toyotas that wont get home without a new motor.
Cars trucks and all vehicles are all so over priced. Then when all models have a slow down on all models and stop selling well the dealers will typically make up a hand written eye catching bill board claiming that there is a great savings? The reality is all vehicles are very expensive and very over priced. Imagine paying sixty or seventy thousand dollars for an automobile that will rapidly depreciate? Anything I buy will have to cost much less and be sold at an auction yard.
Absolutely agree! I can’t believe so many people have been willing to go along with it to the point that we now have 50-60k mid sized trucks and 70k full size trucks with cloth seats lol. 🤦♂️😬
@AutomotiveAnonymous208 I looked at some new vehicles at a GM dealership around the fourth of July. The full size pickup trucks were window sticker priced at seventy and eighty thousand dollars. I thought that was unbelievable. I can't figure out how individuals in my area afford such high priced automobiles. And then I walked by the Yukon and suburbans and the prices were thru the roof at like 90 thousand. Unbelievable?
76k for a Tacoma TRD pro 😅, pass.
Dealers,Sorry we can’t support your greed anymore we’re broke!
Toyota turbo engine doesn’t sound good.
Stop Buying Boring car's get fun cars .
Trucks are overpriced and pointless to own unless you work construction or live on a farm/ranch.
100%
To much 🤯
Marketing gimmick
76k🤣🤣🤣🤣🤣
Insanity! Lol
Many people don't need a truck because they are not the contractor
💯 yet everyone has one as if they are haha.
😆 🤣 😂 😹
This Toyota front end is so ugly
Joke 😂
This stupidity pushed me back on 2 wheels.😂Greed and markups are the cancer of the car industry🤡🤡🤡
Dealers been cheating consumers for decades now, they just find another ways to do it.