To be fair, it is a lot easier to get discounts on some cars than it used to be. I wish we could return to the days of a 25k Camry, but those days seem long gone sadly.
Prices have crashed. I work for a few dealerships. Were getting great deals at auction, not for consumers though. That's never going back, but prices have crashed. Maybe look into buying from auctions.
For retail it will happen there is a lag though so most likely Nov and December you may see some great deals and good financing especially with the Fed lowering rates now.
You can get pretty good deals on most NEW cars today! And some brands like Stellantis, you can get outrageously good deals (some even better than pre-pandemic). It is only a couple of brands like TOYOTA and HONDA that are still trying to screw over the customer! 🙄 ……but mark my words, they cannot do this forever. They can get away with this (FOR NOW) because of their “quality and reliability” and many people will only buy these brands. But eventually some of these people will realize that it is still much cheaper to buy another brand with a 10-year/100K bumper to bumper extended warranty, to address the “reliability” question.
Gentlemen! I'm a loyal follower, yet this headline is getting old. We're ready for deals. Please steer clear of the clickbait titles, and just keep delivering facts. Thanks!
I think if ya look at the kart fee years . The incentives are going up. It's not usually like an instant drop in prices . Things are def getting rough for new vehicles selling. Due to high prices and interest rates mainly. Most people are maxed out in credit. Toninclude myself. So loans are hardervto get or at even higher than market prices. They are correct things are being discounted more this year then last few for sure
Yup I unfollowed them as well. Its crashing every other day. Supposedly I though CJDR was out of business by now according to all their click bait videos. Don't worry though, pay Caredge and they will help you save money lol
doomsayers are all the same be it the car market, stock market, housing market etc. they predict a crash over and over again and when it does finally happen ( often way after they first started fear mongering) in some form they will say " I told you so". these channels are fear/rage mongers in the guise of consumer advocates
You can get a way better deal today than you could 2yrs ago. However, as evident by that big dealer going bankrupt. Some will rather go out of business than admit that they were wrong and sell the vehicles for a fair price.
Buying a car right now isn’t on my list, I rather flip that money since I still drive my Chevrolet traverse. Investing has been rather rewarding to me and I've learned that getting a good return is very much attainable if you know your way around it. Do not let anyone tell you it’s impossible to have a good retirement.
Luck is way off the picture. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $16k spread across stocks (options and futures) for the short term and Roth IRA, index funds, cryptocurrency and ETFs, for the long term. Now with over 91k in roi, I sit back and just reinvest at intervals while I handle my other businesses.
If you have to take 30% off MSRP, then you need to take a hard look at how much profit you are shooting for when you suggest that price. Suggest less, much less. Sell cars. QUIT BEING GREEDY! Build simple affordable cars, sell cars.
@@AK.__ ok, let me check. No..they didn’t go for it. Thanks man you figured it out. They said they messed up and paid more to their venders , passed that cost on but also mainly focused on high margin products that took a large portion of buyers out the market. They said it all sounded great when they figured it would help off-set government mandated cost. But…. Not so much.
Well the fact is MSRP is just raised higher to make it seem like you’re getting a deal. Very similar to how Macy’s has a sale on just about every item in the store all the time. Make it feel like you’re getting a deal even when you aren’t.
You said the same about 2024!! Keep to the great tactics you share regarding sales. The videos you do on pricing crash has been off since I watched your videos for last couple years
@@tdgdbs1 These guys can't sell cars. Their company not profitable. Hence they opened a channel. On internet you can say whatever you want, the target is to get as many subscribers as possible, and feed them a lies using click-bait topics.
@AK.__ I would totally agree with you about predicting the car market. However I had to buy a new truck at the end of 2022 and their videos and advice did save me several thousand dollars. Got a truck listed as 62k for 47k
Saw a news report today that Indianan State Police and Merrillville P.D. are dumping their two year old Durangos because all the engines are blowing up.
When I worked for a machine shop a few years ago, the owner and I were talking about quality of goods produced over the years. I'm 51, I've seen the quality go down over the decades, things just aren't built to last like before. Now cars have so much technology in them that it's no wonder they're breaking down more than before. Too many computer components that need replacing probably more than their old counterparts needed replacing.
Car prices will crash in 2022!!! No, no, we were wrong. Car prices will crash in 2023!!! Oh, wait... Car prices will crash in 2024!!! We really mean car prices will crash in 2025!!!
@@Kev5504THESE MANUFACTURERS ARE IN BIG TROUBLE Nothing happens, no price changes, lol. This channel went from informative niche channel to just recycling the same clickbait
Car prices were suppose to crash in 23 and didn't. Car prices were suppose to crash in 24 and didnt. Why would 25 be any different. Crap won't be any cheaper than what it is
What are you talking about? Prices have come down, a lot actually, and they will come down even more! We are in a recession, and even the Fed is starting to admit it, which is why they are lowering rates aggressively all of a sudden. Things have been coming to a head and they are going to get bad in the next year. They have no idea what they are talking about with used car pricing, there is a ton of inventory sitting on dealer lots. If new prices fall, used will fall as well, otherwise why buy used when you can get new for only slightly more? These guys are looking at current numbers, they don't factor in what is coming.
@@bud5084 That is true, they all are well paid but their pay is so small of a drop in the bucket compared to the total cost to produce a product for market. A CEO of Ford or GM could make double the salary and it would not move the needle a bit on the cost of doing business.
Ray & Zach, can you confirm this explanation for wait times of months for popular Toyotas? I overheard a Toyota salesman telling a customer that the reason his dealership did not have the model the customer wanted on the lot is because huge numbers of Toyotas are parked at the ports of entry like Charleston, SC.
It’s actually the opposite, the USED market is what is too damn high. The prices on most used cars with thousands of miles racked up on them are going for the price of a new car if not more on some occasions! The car market is absolutely ridiculous, it’s easier to buy a house than a car at this point. People are going into debt for tin foil on wheels to take you to work and home everyday it’s absolutely insane.
Never bought a new vehicle, and I never will. I am planning on buying a used car, but I'm gonna wait till the prices come back to Earth. $10k for a rusted out, 200K plus mile Chevy truck?? I'll wait.
Right now new cars are slightly more attractive than used cars because some manufacturers are offering lower interest rates. With used cars, there is no support from the manufacture so you’re basically at the market rate. I recently purchased a car and I actually considered a used car prices were fairly reasonable interest rate was around 5.99 to 7%. I ended up buying a new car because I was getting 0.92% from the manufacture.
@@Dfgbuiiyyyybb I save up and pay cash. I haven't gotten a car loan for at least 20 years. Last I checked, my credit score was mid-800's, I think. So it's not that I can't get a loan, its that I wish not to.
Take your life in your own hands. Do not blame others and do not invent reasons in your inability to buy a new car. Some self-development, growth, and you will be able to afford to buy and maintain half of available cars. Whining on this channel will not help.
@@EricJohnson-x1u There is a common perception, that "new car" = "losing money". I disagree to buy a new car, when it overprice. But in generally, if budget allows - why not? When paying for new car, you're getting not only "metal on wheels", but absolutely new product, under warranty, which with correct use and maintenance (unless a lemon) will serve for a long, while you'll enjoy it.
Honda and Toyota use to have three levels for each model of vehicle they sold. Stripped- DX or SR Loaded- LX or SR5 Over Loaded- EX or Limited It was a simple philosophy that worked well and helped both to grow and make great cars and trucks.
My friend that works at the Port of entry docks says there are 1000’s of Toyota’s and other brands parked and being stored at the docks Not being delivered to dealers
Have lost count as to how many times I have read over the past year or so about car prices are going to crash. Is there another record to play? This one is way over used is broken!
Car prices are going to rise from this point on. Interest rates are only going lower and that will make loan approvals easier and car payments affordable for all the buyers waiting on the sidelines.
When inventory builds up at other brands and prices “crash”, Toyota and Honda will EVENTUALLY be forced lower prices too! Maybe not “crash”, but they will have to offer SIGNIFICANT discounts! Why? Because, as they say, everyone has a price they will fall for! If the price differential between a comparable Honda/Toyota and another brand is great enough, SOME people will bite, and a “chain reaction” will result! If you are getting a comparable VW Jetta for $6K less (real world price) than a Corolla, then there will be a good number of people that will switch, thereby building up Toyota’s inventory, forcing them, in turn, to offer discounts on the Corolla! Simple logic!
Prices can go down if the production of cars increases, but car manufacturers don't want to do it. If the current shortage of popular models remains, prices will only go up.
I want to know as a buyer, don't we have the right to know what the invoices are on a new vehicle?? I want to see the MSRP and the invoice price, if not, I'm walking out !!
I have a 2008, 250k miles truck, a bit rusty and temperamental, I have repaired by hand enough parts that it should be considered a Frankenstein and had the engine worked on a number of times. I will continue to drive it for as long as possible. only a year or two ago a 1500 basic bighorn with almost no additions was something like 60k to 80k with a few packages, I just did a build on Dodge's website for a bighorn with the level 1 bighorn equipment and the offroad package, 56k. Now if we can just get these twits to not put the start/stop bs on every engine and give customers a choice, maybe even bring back manuals. KEEP WAITING BOYS AND GIRLS.
2019 30,000 2020 33,000 2021 35,000 2022 40,000 2024 48,000 Late 2024 -2,000 Not really a deal. Do they think we’re stupid. But people kept buying at the inflated prices. Never going down to pre pandemic prices. Just like gas never see 2.00 again.
My one recommendation is to check for rust or any damage from these new autos sitting in open lots for over one year exposed to the elements like rain snow moisture heat. And these two guys and there channel actually posted a video on these lot off site from the dealer. Guys if you read my post please add a link to that video were you show the large lots were these cars are being stored. Thanks
In 2016 inventory was about a million domestic vehicles, 2020 about 500,000, 2021 about 120,000, currently about 250,000. Sales have been stable but not increasing. So, the market is changing. A crash? Who knows. (Source: the FED-FRED)
It's crazy there are still so many dealerships with stupid add ons and markups like it's 2024 guys! 2025 will just continue to cool off. I doubt dealerships will change.
I think other non-Toyota/Honda dealers crashing their prices will force Toyota/Honda to lower their prices as more consumers opt for the competing brands due to the lowered prices. It's just not likely to be as drastic of a drop.
There not gonna lower prices. They will just idle factorys. And there already cutting back on production. They realized when cov8d was going on . Less= More.
Zach and Ray: I think you're both spot-on. But why does Toyota continue to be the exception? Yes, sales are high and inventory is low. But why is that? You would think other manufacturers would want to be competitive by making a vehicle with the Toyota-like ingredients that make them desirable and reliable. I don't own a Toyota, so I can't speak to their reliability. But they appear to be in great demand. Thank guys!
I went to a Toyota dealer yesterday and they were chomping at the bit to get me. I never felt like I has so much power buying a car. I was looking at a Tacoma Trailhunter. The truck was listed at $79k (nuts) without really saying much they dropped it to msrp $68500. Been on lot for 10 days. Walked.
Toyota has earned that legendary reputation over decades. While many manufacturers have gotten better with their reliability, they can't touch Toyota's reputation because it was built over such a long time with successive CEOs continuing along that same path (The Toyota Way). It's not something you can easily copy, you have to put in the work, the time, and resources. It means changing the whole culture of a company, which is not easy, especially after leadership changes.
If prices crash and you still buy, they win. After 2020-2024, the auto industry needs to completely topple over and new automakers will learn to NEVER to do this again.
...it's obvious Ray, that the new vehicles on franchised dealer's lots MUST be sold before manufacturers can even THINK of "offering lower priced cars," No?
Did everything right - negotiating online for a new Chevrolet - got the price quoted on the window sticker, was able to get them to remove the fake "add-ons", got what I asked for my trade-in (KBB trade-in value), and at the very end of the transaction - after the OTD price was spot-on... they asked me "how will you be paying for this" - I thought since we've negotiated everything down to the agreeable OTD price - I have to tell them how I am paying, right? I said "cash" - silence online for 5 minutes - then the text: "I'm so sorry sir, I just found out the vehicle you want has just been sold". Then "would you like to deal on another?". Man... I almost had it... Wasn't expecting the salesman's crafty lie 🤨🤔
I went to graduate school with former Toyota CEO Akio Toyoda. Im now retired and had to stretch for a $21k Nissan Sentra. How can bums afford the average priced $50k car now?😊
A huge empty shopping center near me is so full of new vehicles they can’t sell here in Nashville! They have to start discounting because the 2025 models will be out soon, if not now.
Keep waiting. Because it's never gonna happen. 25 year old rusty Toyotas with over a 100k are selling like hotcakes for around 10k. These guys are grifters trying to make money selling fake doom and gloom videos. Can't believe people are actually taking advice from used car salesmen.
Tesla Model S is an excellent car. Green energy, lots of regenerating technology. Almost zero maintenance and hardly $16 month electricity bill. This should be example for EV and people should move towards it.
I have been in the market for a new Honda Accord or Toyota Camry I decided to wait. My local town dealers have a $3000-$5000 markup over MSRP. I also considered a two or three year old model but prices are too high. It’s not normal for used cars to appreciate in value. I will continue to wait.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Grace Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
VW has an affordable new car The Taos. Unfortunately dealerships are still playing games where a $23-25k is leaving the dealership at $32k plus for a lower trim level.
I happen to be looking for a mid-size truck….new prices are ridiculous and i have yet to see any incentives, except maybe Nissan 0.9% on frontier. plus i am looking for a strange combo: upscale interior, long bed, no other frills.
We keep hearing about prices crashing but not seeing it. The timeline keeps moving out. The prices keep getting higher, and they keep turning out crap that doesn't last. New vehicles are a total waste of money, especially with the quality and how fast they depreciate.
The price of used cars now here in Ireland is ridiculous.. a friend of mine bought a 10 year old Honda Fit although it was hybrid for 10,000 Euro! 10 Grand for a 10 year old very small Honda. I own a 17 Year old Skoda Octavia its still driving perfect I will drive it into the ground... and then I will probably end up on an electric scooter... I just cant see the price of used or new cars going down, since most people can't afford an electric car...
Its all about the Banks because the dealership will sell cars as long as the Banks will approve the loans. The banks will extend the loans to 8, 9 or 10 years to make payments a little manageable, thats my thoughts.
Car manufacturing costs are going up they might lower car prices temporarily to get rid of overstock. Then they can work on lowering production cost through automation etc.
Prices would have to come down at least 20% just to be fair. Prices are mega inflated with the quality going down as well.. Screw the greedy dealerships . Manufacturers should sell direct to the public with a no BS price. The price is what everybody pays. No haggling and no BS. They would sell way more vehicles that way.
Getting crazy lowball offers from dealers on used vehicles. They are trying to make way too much profit on them. I'll just clean them up and list them myself. Their greed will hurt them when we can sell them ourselves.
Yeah? But are you smart enough to know when you are drifting out of your lane, or if someone is walking in the crosswalk in front of you, or how to park your car by sight... Oh, wait... yes, yes we are, as we have eyes, and brains. Never mind.
My 2021 challenger scat pack low mile is tanking in value - when I do a cash offer thing the dealers come at me like sharks, but they want to pay in the mid-30’s - and I don’t think these things are moving at all right now. I’m just going to hang onto it until rates drop and see what happens
Question, you guys predicted that many car dealers would go out of business due to the cars being hard to sell due the higher prices and the dealers having to pay the interest on cars for sometimes a year or two, so do we know about how many car dealers went bust in the past 2 years???? I cannot understand how these dealers can pay for inventory that sits over a year then have to deep discount it to sell it????? Stellantis has 2023,2024, and 2025 NEW cars, mainly Ram trucks in the dealers lots, and you guys know that this is unheard of. It used to be very uncommon to see last years vehicle on a dealer lot much into the first quarter of the current year not so long ago, now we see 3 new years worth of models sitting on lots. Something has to give. I don't think prices are going be discounted that much. A 3 year old truck that might be discounted even 15-20K, will have more than that in depreciation before it is driven off the lot, people don't go for that, at least the smart ones don't. A car sitting on a lot out in the weather for more than 9 months is NOT a "new" car.
If by "crash" you really mean "dealers won't be charging over sticker anymore and you'll be able to negotiate a little bit off along with added manufacturer incentives like in the decades before the pandemic" then yes, the market will "crash".
course its not like dealers didnt have a hand in this debacle. they added market adjustment (could be as much as the vehicles MSRP) and they add on so much others costs (nitrogen in tires, extended warranty, etc, etc) and off these were mandatory wouldnt sell the vehicle without them. so dealers have a big hand in how sales turn out now!
I can’t get a Toyota rav4, Hyundai Tucson, or Kia Sportage PHEV for at least a year. I don’t think too much stock sitting on lots up here in Canada will be an issue in 2025
Car prices will not crash. They’re all overpriced, then giving “incentives “ to make it seem like you got a deal. Same sales model Kohls uses. High prices on the tags but they are always on sale.
Do you think those brands of cars that will have to cut prices the most to "move the metal" will still (albeit slowly) put downward pressure on Toyota and Honda prices as potential Toyota/Honda buyers are incentivized to buy other brands which eats into Toyota/Honda's demand for their products?
I have been interested in buying a new truck for the last few months. I currently have a 01 tacoma with 280k miles very close to its end. do I really wait until mid 2025 for the best purchasing chance?
Younger low milage vehicles will remain high? Don't you think new car incentives and discounts due to excess new inventory, will have a greater impact?
The prices would have to drop in half to be “honestly” affordable for the average person. I think the auto manufacturers across the board are screwed weather they care to admit it or not. People are tapped out….
Everyday i get emails from Honda trying to entice me to buy with steadily increasing incentives towards my deposit, but only if i buy with their finance, i am not that daft.! I can wait until the makers and dealers start to close, then i might buy one. Until then, the only way is down on MSRP and out of the door prices.
yea they got pretty greety I want a civic type r but they make it pretty difficult to get one and act like it's a Lamborghini now the treat the 2025 civic si like that too
Please stop! I keep hearing this from all the car channels, but it has not happened despite so many predictions.
To be fair, it is a lot easier to get discounts on some cars than it used to be. I wish we could return to the days of a 25k Camry, but those days seem long gone sadly.
TBH, these guys are very very accurate.
Prices have crashed. I work for a few dealerships. Were getting great deals at auction, not for consumers though. That's never going back, but prices have crashed. Maybe look into buying from auctions.
For retail it will happen there is a lag though so most likely Nov and December you may see some great deals and good financing especially with the Fed lowering rates now.
You can get pretty good deals on most NEW cars today! And some brands like Stellantis, you can get outrageously good deals (some even better than pre-pandemic).
It is only a couple of brands like TOYOTA and HONDA that are still trying to screw over the customer! 🙄 ……but mark my words, they cannot do this forever. They can get away with this (FOR NOW) because of their “quality and reliability” and many people will only buy these brands.
But eventually some of these people will realize that it is still much cheaper to buy another brand with a 10-year/100K bumper to bumper extended warranty, to address the “reliability” question.
Gentlemen! I'm a loyal follower, yet this headline is getting old. We're ready for deals. Please steer clear of the clickbait titles, and just keep delivering facts. Thanks!
NOTHING OLD about people being ripped off for a weak products.greed has a strong foothold
This headline has been on since 2021. Move on man.
Yeah I stop following this channel closely. Y’all been saying the same thing for 2 almost 3 years and will continue to
I think if ya look at the kart fee years . The incentives are going up. It's not usually like an instant drop in prices . Things are def getting rough for new vehicles selling. Due to high prices and interest rates mainly. Most people are maxed out in credit. Toninclude myself. So loans are hardervto get or at even higher than market prices. They are correct things are being discounted more this year then last few for sure
Yup I unfollowed them as well. Its crashing every other day. Supposedly I though CJDR was out of business by now according to all their click bait videos. Don't worry though, pay Caredge and they will help you save money lol
Thank you!
doomsayers are all the same be it the car market, stock market, housing market etc. they predict a crash over and over again and when it does finally happen ( often way after they first started fear mongering) in some form they will say " I told you so". these channels are fear/rage mongers in the guise of consumer advocates
Been needing a new truck for a couple years now but refusing to pay these prices so I'm keeping this one held together
Good luck lol. They ain't getting any cheaper.
You can get a way better deal today than you could 2yrs ago. However, as evident by that big dealer going bankrupt. Some will rather go out of business than admit that they were wrong and sell the vehicles for a fair price.
or government give them (for big dealers) money from taxpayers. Easy peasy.
What happens to the vehicles, if a dealer goes out of business.
@@scottcoates8095bank sends the vehicles to a dealer auction
Buying a car right now isn’t on my list, I rather flip that money since I still drive my Chevrolet traverse. Investing has been rather rewarding to me and I've learned that getting a good return is very much attainable if you know your way around it. Do not let anyone tell you it’s impossible to have a good retirement.
Not everyone is as lucky as you are you know. How are you doing it?
Luck is way off the picture. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $16k spread across stocks (options and futures) for the short term and Roth IRA, index funds, cryptocurrency and ETFs, for the long term. Now with over 91k in roi, I sit back and just reinvest at intervals while I handle my other businesses.
To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward in my finances. It’s all gambling.
I’ll be clocking 47 soon and I want to put my finances in order and make better investment decisions. How can I get through to him?
Hermanw jonas that’s his gmail okay
If you have to take 30% off MSRP, then you need to take a hard look at how much profit you are shooting for when you suggest that price. Suggest less, much less. Sell cars. QUIT BEING GREEDY! Build simple affordable cars, sell cars.
Try going to your employer and offer him to work for 30% less of salary. Or if you have business - drop your pricing 30% and see how it goes.
@@AK.__ ok, let me check. No..they didn’t go for it. Thanks man you figured it out. They said they messed up and paid more to their venders
, passed that cost on but also mainly focused on high margin products that took a large portion of buyers out the market. They said it all sounded great when they figured it would help off-set government mandated cost. But…. Not so much.
Well the fact is MSRP is just raised higher to make it seem like you’re getting a deal. Very similar to how Macy’s has a sale on just about every item in the store all the time. Make it feel like you’re getting a deal even when you aren’t.
If they take 30% off of MSRP, that doesn't mean they were making 30% profit. They're probably taking a loss on most of their inventory.
Sorry, I read what you said. But what the f*!k are you talking about!?!?
You said the same about 2024!! Keep to the great tactics you share regarding sales. The videos you do on pricing crash has been off since I watched your videos for last couple years
These guys have been predicting a crash since the inception of this channel.
They said it in 2023. Go back to their 2023 videos. But remember... this duo is in the car industry.
@@tdgdbs1 These guys can't sell cars. Their company not profitable. Hence they opened a channel. On internet you can say whatever you want, the target is to get as many subscribers as possible, and feed them a lies using click-bait topics.
@AK.__ I would totally agree with you about predicting the car market. However I had to buy a new truck at the end of 2022 and their videos and advice did save me several thousand dollars. Got a truck listed as 62k for 47k
They're clowns. Nothing more
Prices coming down, but so is quality
Saw a news report today that Indianan State Police and Merrillville P.D. are dumping their two year old Durangos because all the engines are blowing up.
Quality's been down for awhile lol.
And so is the credibility of the Shefkas
When I worked for a machine shop a few years ago, the owner and I were talking about quality of goods produced over the years. I'm 51, I've seen the quality go down over the decades, things just aren't built to last like before. Now cars have so much technology in them that it's no wonder they're breaking down more than before. Too many computer components that need replacing probably more than their old counterparts needed replacing.
plastic cars
tunedbyai AI fixes this (AI assisted Car Design/ Tuning). Car prices crash in 2025!
Car prices will crash in 2022!!! No, no, we were wrong. Car prices will crash in 2023!!! Oh, wait... Car prices will crash in 2024!!! We really mean car prices will crash in 2025!!!
exactly!!!
Eventually, they will get it right 🤣
Yea. It's getting pretty annoying. They love the clickbait.
@@Kev5504THESE MANUFACTURERS ARE IN BIG TROUBLE
Nothing happens, no price changes, lol. This channel went from informative niche channel to just recycling the same clickbait
Car prices were suppose to crash in 23 and didn't. Car prices were suppose to crash in 24 and didnt. Why would 25 be any different. Crap won't be any cheaper than what it is
Car prices aren't going to crash until cheap EVs start to flood the market.
Bro yall been saying this since last year
I hear this BS for 4 years now.... car prices will crash.... so far just a little price changes....
Car prices will not crash. They never do.
I'm not paying 100k for a truck.
every year they've been saying it'll crash this year or the next. next year they'll say 2026. I'm done watching their shit predictions
Exactly 😭😭😭
What are you talking about? Prices have come down, a lot actually, and they will come down even more! We are in a recession, and even the Fed is starting to admit it, which is why they are lowering rates aggressively all of a sudden. Things have been coming to a head and they are going to get bad in the next year. They have no idea what they are talking about with used car pricing, there is a ton of inventory sitting on dealer lots.
If new prices fall, used will fall as well, otherwise why buy used when you can get new for only slightly more? These guys are looking at current numbers, they don't factor in what is coming.
Joos gonna joo
Price went up. Quality went down. Wages went down as well. Well, wages for citizens went down.
But the ceos make millions
@@bud5084 That is true, they all are well paid but their pay is so small of a drop in the bucket compared to the total cost to produce a product for market. A CEO of Ford or GM could make double the salary and it would not move the needle a bit on the cost of doing business.
it's called Bidenomics.
Lets go inventory. I want 4 million cars for sale again. Then i go shopping
Ray & Zach, can you confirm this explanation for wait times of months for popular Toyotas? I overheard a Toyota salesman telling a customer that the reason his dealership did not have the model the customer wanted on the lot is because huge numbers of Toyotas are parked at the ports of entry like Charleston, SC.
It’s actually the opposite, the USED market is what is too damn high. The prices on most used cars with thousands of miles racked up on them are going for the price of a new car if not more on some occasions! The car market is absolutely ridiculous, it’s easier to buy a house than a car at this point. People are going into debt for tin foil on wheels to take you to work and home everyday it’s absolutely insane.
Never bought a new vehicle, and I never will. I am planning on buying a used car, but I'm gonna wait till the prices come back to Earth. $10k for a rusted out, 200K plus mile Chevy truck?? I'll wait.
Right now new cars are slightly more attractive than used cars because some manufacturers are offering lower interest rates. With used cars, there is no support from the manufacture so you’re basically at the market rate.
I recently purchased a car and I actually considered a used car prices were fairly reasonable interest rate was around 5.99 to 7%. I ended up buying a new car because I was getting 0.92% from the manufacture.
@@Dfgbuiiyyyybb I save up and pay cash. I haven't gotten a car loan for at least 20 years. Last I checked, my credit score was mid-800's, I think. So it's not that I can't get a loan, its that I wish not to.
Take your life in your own hands. Do not blame others and do not invent reasons in your inability to buy a new car. Some self-development, growth, and you will be able to afford to buy and maintain half of available cars. Whining on this channel will not help.
@@AK.__ I do have the ability to buy a new car, I just don't see the sense in it. Why lose money??
@@EricJohnson-x1u There is a common perception, that "new car" = "losing money". I disagree to buy a new car, when it overprice. But in generally, if budget allows - why not? When paying for new car, you're getting not only "metal on wheels", but absolutely new product, under warranty, which with correct use and maintenance (unless a lemon) will serve for a long, while you'll enjoy it.
"Car prices will crash in 2024,
Car prices will crash in 2025,
Car prices will crash in 2026
Etc,
Etc....
Just got a great deal on a 2024 Corolla SE. $24,000 out the door.
Honda and Toyota use to have three levels for each model of vehicle they sold.
Stripped- DX or SR
Loaded- LX or SR5
Over Loaded- EX or Limited
It was a simple philosophy that worked well and helped both to grow and make great cars and trucks.
My friend that works at the Port of entry docks says there are 1000’s of Toyota’s and other brands parked and being stored at the docks Not being delivered to dealers
Have lost count as to how many times I have read over the past year or so about car prices are going to crash. Is there another record to play? This one is way over used is broken!
Car prices are going to rise from this point on. Interest rates are only going lower and that will make loan approvals easier and car payments affordable for all the buyers waiting on the sidelines.
When inventory builds up at other brands and prices “crash”, Toyota and Honda will EVENTUALLY be forced lower prices too! Maybe not “crash”, but they will have to offer SIGNIFICANT discounts!
Why? Because, as they say, everyone has a price they will fall for! If the price differential between a comparable Honda/Toyota and another brand is great enough, SOME people will bite, and a “chain reaction” will result!
If you are getting a comparable VW Jetta for $6K less (real world price) than a Corolla, then there will be a good number of people that will switch, thereby building up Toyota’s inventory, forcing them, in turn, to offer discounts on the Corolla! Simple logic!
Neither Toyota nor Honda can offer respectable sedan for North America. Camry? Its not bad, but not respectable either
@@AK.__yeah it’s only been the leading seller for like ten years lol
It's simple. If people stop buying prices come down. I'm still seeing tons of new cars showing up at parking lots all over PA.
Prices can go down if the production of cars increases, but car manufacturers don't want to do it. If the current shortage of popular models remains, prices will only go up.
I want to know as a buyer, don't we have the right to know what the invoices are on a new vehicle?? I want to see the MSRP and the invoice price, if not, I'm walking out !!
The prices are TOO DAMN HIGH 🤣😂
I have a 2008, 250k miles truck, a bit rusty and temperamental, I have repaired by hand enough parts that it should be considered a Frankenstein and had the engine worked on a number of times. I will continue to drive it for as long as possible. only a year or two ago a 1500 basic bighorn with almost no additions was something like 60k to 80k with a few packages, I just did a build on Dodge's website for a bighorn with the level 1 bighorn equipment and the offroad package, 56k. Now if we can just get these twits to not put the start/stop bs on every engine and give customers a choice, maybe even bring back manuals.
KEEP WAITING BOYS AND GIRLS.
2019 30,000
2020 33,000
2021 35,000
2022 40,000
2024 48,000
Late 2024 -2,000 Not really a deal. Do they think we’re stupid. But people kept buying at the inflated prices. Never going down to pre pandemic prices. Just like gas never see 2.00 again.
It's not happening in my area in Connecticut dealership still won't budge !!!
My one recommendation is to check for rust or any damage from these new autos sitting in open lots for over one year exposed to the elements like rain snow moisture heat. And these two guys and there channel actually posted a video on these lot off site from the dealer. Guys if you read my post please add a link to that video were you show the large lots were these cars are being stored. Thanks
In 2016 inventory was about a million domestic vehicles, 2020 about 500,000, 2021 about 120,000, currently about 250,000. Sales have been stable but not increasing. So, the market is changing. A crash? Who knows. (Source: the FED-FRED)
It's crazy there are still so many dealerships with stupid add ons and markups like it's 2024 guys! 2025 will just continue to cool off. I doubt dealerships will change.
I’ve wanted a strangler for years, at this point I don’t think I’ll ever get one. The low APRs offered are nice but the prices are ridiculous
I think other non-Toyota/Honda dealers crashing their prices will force Toyota/Honda to lower their prices as more consumers opt for the competing brands due to the lowered prices. It's just not likely to be as drastic of a drop.
There not gonna lower prices. They will just idle factorys. And there already cutting back on production. They realized when cov8d was going on . Less= More.
Hello Zach and Ray....like the channel, but you guys told me that car prices were supposed to crash in 2024....
They are doing this since 2022
Just more you tube scammers, ho,hum
This channel has been repeating itself for two years now.
Zach and Ray: I think you're both spot-on. But why does Toyota continue to be the exception? Yes, sales are high and inventory is low. But why is that? You would think other manufacturers would want to be competitive by making a vehicle with the Toyota-like ingredients that make them desirable and reliable. I don't own a Toyota, so I can't speak to their reliability. But they appear to be in great demand. Thank guys!
I went to a Toyota dealer yesterday and they were chomping at the bit to get me. I never felt like I has so much power buying a car. I was looking at a Tacoma Trailhunter. The truck was listed at $79k (nuts) without really saying much they dropped it to msrp $68500. Been on lot for 10 days. Walked.
Very reliable
Toyota has earned that legendary reputation over decades. While many manufacturers have gotten better with their reliability, they can't touch Toyota's reputation because it was built over such a long time with successive CEOs continuing along that same path (The Toyota Way). It's not something you can easily copy, you have to put in the work, the time, and resources. It means changing the whole culture of a company, which is not easy, especially after leadership changes.
I’ve been hearing this for two years and I don’t see prices going down at all.
If prices crash and you still buy, they win. After 2020-2024, the auto industry needs to completely topple over and new automakers will learn to NEVER to do this again.
...it's obvious Ray, that the new vehicles on franchised dealer's lots MUST be sold before manufacturers can even THINK of "offering lower priced cars," No?
I keep hearing this but none of the cars I’d purchase indicate any such news. 🤨
Did everything right - negotiating online for a new Chevrolet - got the price quoted on the window sticker, was able to get them to remove the fake "add-ons", got what I asked for my trade-in (KBB trade-in value), and at the very end of the transaction - after the OTD price was spot-on... they asked me "how will you be paying for this" - I thought since we've negotiated everything down to the agreeable OTD price - I have to tell them how I am paying, right? I said "cash" - silence online for 5 minutes - then the text: "I'm so sorry sir, I just found out the vehicle you want has just been sold". Then "would you like to deal on another?". Man... I almost had it... Wasn't expecting the salesman's crafty lie 🤨🤔
Dealer/Mfg Incentives going from 7% up to 10% DO NOT constitute a price CRASH
I went to graduate school with former Toyota CEO Akio Toyoda. Im now retired and had to stretch for a $21k Nissan Sentra. How can bums afford the average priced $50k car now?😊
Years ago, I had my choice of 7 Ford Taurus new cars, those were the days, and I picked my price, not the salesman, good ole days
A huge empty shopping center near me is so full of new vehicles they can’t sell here in Nashville! They have to start discounting because the 2025 models will be out soon, if not now.
I haven't seen any major price adjustments yet. I'm waiting for it.
Keep waiting. Because it's never gonna happen. 25 year old rusty Toyotas with over a 100k are selling like hotcakes for around 10k. These guys are grifters trying to make money selling fake doom and gloom videos. Can't believe people are actually taking advice from used car salesmen.
Honestly, looking forward to it!
You guys are great i follow your channel all the time. Thanks for the great content
Companies keep putting out electric cars and garbage quality: Ford, Chevy, gmc, Jeep, Nissan Volkswagen, and euro cars. Total crap!
Toyota is showing the way with hybrids. Trucks are a wash.
@Kay0Bot Yes they are! Toyota Prius is an awesome car, pricey though. I'm on my 3rd Honda. Had a Nissan in the 90s, loved Nissan back then
Tesla Model S is an excellent car. Green energy, lots of regenerating technology. Almost zero maintenance and hardly $16 month electricity bill. This should be example for EV and people should move towards it.
I have been in the market for a new Honda Accord or Toyota Camry I decided to wait. My local town dealers have a $3000-$5000 markup over MSRP. I also considered a two or three year old model but prices are too high. It’s not normal for used cars to appreciate in value. I will continue to wait.
Enough of the clickbait videos please...
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Grace Miller.
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Toyota and Honda have problems with inventory its just different they almost have none
That is by design not a problem.
They have Tundras that no will touch now!
Well that's a whole lot better than the cars crashing
They gotta drastically reduce manufacturing and glamourizing trucks and SUVs!
They pollute more and bad for the environment.
Nothing is crashing. Stop with the clickbait.
Don't agree. Economy is completely different. Cheap energy is gone, so no more free ride. Cars will be luxury, privilege to have.
Oil is heading to $40 . Too much oil around the world.
@@rachelgreen1368 For now.
@@rachelgreen1368No it is not.
I don't see any falling prices. In fact, they seem to be going up even though cars are selling slowly.
VW has an affordable new car The Taos. Unfortunately dealerships are still playing games where a $23-25k is leaving the dealership at $32k plus for a lower trim level.
I think used car prices will also come down at some point as repos are increasing across the board in the US
I happen to be looking for a mid-size truck….new prices are ridiculous and i have yet to see any incentives, except maybe Nissan 0.9% on frontier. plus i am looking for a strange combo: upscale interior, long bed, no other frills.
I'm curious what jeep etc. will do. No one on the planet ever asked for a $100,000 wagoneer. Many of those heaps are now two years old.
🤣🤣🤣🤣 you said that in 2023 didn’t happen then 2024 didn’t happen now you say 2025 🤣🤣🤣🤣🤣 how about it will never happen 😢
We keep hearing about prices crashing but not seeing it. The timeline keeps moving out. The prices keep getting higher, and they keep turning out crap that doesn't last. New vehicles are a total waste of money, especially with the quality and how fast they depreciate.
The price of used cars now here in Ireland is ridiculous.. a friend of mine bought a 10 year old Honda Fit although it was hybrid for 10,000 Euro!
10 Grand for a 10 year old very small Honda. I own a 17 Year old Skoda Octavia its still driving perfect I will drive it into the ground... and then I will probably end up on an electric scooter...
I just cant see the price of used or new cars going down, since most people can't afford an electric car...
I have yet to see any decrease in prices, nor an increase in incentives.
Its all about the Banks because the dealership will sell cars as long as the Banks will approve the loans. The banks will extend the loans to 8, 9 or 10 years to make payments a little manageable, thats my thoughts.
Car manufacturing costs are going up they might lower car prices temporarily to get rid of overstock. Then they can work on lowering production cost through automation etc.
About time!
I was planning on buying a new car before the end of the year. So should I wait til next year and see what happens?
I know this page is targeted at consumers but I run an auto lease portfolio for a bank and the data is incredibly invaluable to me and my decisioning.
Here in western Canada Toyota & Honda still charge WAAAYYY over MSRP or wait a year for delivery!
Prices would have to come down at least 20% just to be fair. Prices are mega inflated with the quality going down as well.. Screw the greedy dealerships . Manufacturers should sell direct to the public with a no BS price. The price is what everybody pays. No haggling and no BS. They would sell way more vehicles that way.
Not crashing. Easing. To what extent? Depends on the brand.
Getting crazy lowball offers from dealers on used vehicles. They are trying to make way too much profit on them.
I'll just clean them up and list them myself.
Their greed will hurt them when we can sell them ourselves.
I don't want a vehicle with over
100 computer CHIPS.
I'm smart enough to know when it's raining and dark out.
for those reasons I'M OUT
Yeah? But are you smart enough to know when you are drifting out of your lane, or if someone is walking in the crosswalk in front of you, or how to park your car by sight... Oh, wait... yes, yes we are, as we have eyes, and brains. Never mind.
My 2021 challenger scat pack low mile is tanking in value - when I do a cash offer thing the dealers come at me like sharks, but they want to pay in the mid-30’s - and I don’t think these things are moving at all right now. I’m just going to hang onto it until rates drop and see what happens
Prices won't crash... dealers will just go under. The cars prices will remain, and be unsold.
Think car manufacturers would stop or slow production, as well as increasing layoffs first to weather the storm
Yup. It's a nightmare for them to see consumers winning.
Question, you guys predicted that many car dealers would go out of business due to the cars being hard to sell due the higher prices and the dealers having to pay the interest on cars for sometimes a year or two, so do we know about how many car dealers went bust in the past 2 years???? I cannot understand how these dealers can pay for inventory that sits over a year then have to deep discount it to sell it????? Stellantis has 2023,2024, and 2025 NEW cars, mainly Ram trucks in the dealers lots, and you guys know that this is unheard of. It used to be very uncommon to see last years vehicle on a dealer lot much into the first quarter of the current year not so long ago, now we see 3 new years worth of models sitting on lots. Something has to give. I don't think prices are going be discounted that much. A 3 year old truck that might be discounted even 15-20K, will have more than that in depreciation before it is driven off the lot, people don't go for that, at least the smart ones don't. A car sitting on a lot out in the weather for more than 9 months is NOT a "new" car.
If by "crash" you really mean "dealers won't be charging over sticker anymore and you'll be able to negotiate a little bit off along with added manufacturer incentives like in the decades before the pandemic" then yes, the market will "crash".
course its not like dealers didnt have a hand in this debacle. they added market adjustment (could be as much as the vehicles MSRP) and they add on so much others costs (nitrogen in tires, extended warranty, etc, etc) and off these were mandatory wouldnt sell the vehicle without them. so dealers have a big hand in how sales turn out now!
You are wrong….the builders keep slowing down production to keep inventory limited
I can’t get a Toyota rav4, Hyundai Tucson, or Kia Sportage PHEV for at least a year. I don’t think too much stock sitting on lots up here in Canada will be an issue in 2025
Hi Ray, do you recommend the GMC Denali reserve package or the Palisade calligraphy?
Car prices will not crash. They’re all overpriced, then giving “incentives “ to make it seem like you got a deal. Same sales model Kohls uses. High prices on the tags but they are always on sale.
I’ll believe it when I see it! Prices could decrease but not crash.
Do you think those brands of cars that will have to cut prices the most to "move the metal" will still (albeit slowly) put downward pressure on Toyota and Honda prices as potential Toyota/Honda buyers are incentivized to buy other brands which eats into Toyota/Honda's demand for their products?
I have been interested in buying a new truck for the last few months. I currently have a 01 tacoma with 280k miles very close to its end. do I really wait until mid 2025 for the best purchasing chance?
Younger low milage vehicles will remain high? Don't you think new car incentives and discounts due to excess new inventory, will have a greater impact?
The prices would have to drop in half to be “honestly” affordable for the average person.
I think the auto manufacturers across the board are screwed weather they care to admit it or not.
People are tapped out….
Everyday i get emails from Honda trying to entice me to buy with steadily increasing
incentives towards my deposit, but only if i buy with their finance, i am not that daft.!
I can wait until the makers and dealers start to close, then i might buy one.
Until then, the only way is down on MSRP and out of the door prices.
yea they got pretty greety I want a civic type r but they make it pretty difficult to get one and act like it's a Lamborghini now the treat the 2025 civic si like that too