CEO of General Motors SHUTS DOWN Pick Up production! | Here's the REAL reason!
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- เผยแพร่เมื่อ 22 มี.ค. 2023
- Unveiling the Shocking Truth Behind Mary Barra's Controversial Decision to Shut Down GM Pick-up Production. A Provocative Investigation into the Auto Industry's Fight Against Climate Change and the High-Stakes Battle for supply and demand amongst rising cost and stock levels. Brace Yourself for an Eye-Opening Ride Through the Fast-Paced World of Automotive Innovation.
- วิทยาศาสตร์และเทคโนโลยี
the pickup trucks cost as much as a house and their greed is just unacceptable
Truth
I remember back in the late 60's early 70's you could build a nice small house for $30,000!
Not to mention that they are poorly made anti-right to repair junkers designed to fall apart!
They only charge what people are willing to pay if people stop buying brand new trucks every couple years the price will drop dramatically
Part of the ultra high cost is over bearing government regulations
Creating a fake shortage in order to keep prices jacked up. Its all about greed.
They do the same shit with drugs,they say there’s an adderall shortage now………..horseshit!
@@kyzor-sosay6087 Lets not forget gas also
Always Marking Them Up.🚙
I worked in shipping dept at my job for 15 years. My employer and other companies similar to mine would do this shit too. When sales were good and prices high they would flood the market with they're product. When prices went down they would slow production on purpose. Companies have been doing this for YEARS!!
Learn meditation
As a construction company owner I need trucks to provide service to my customers and for staff to drive. We have always operated with the understanding of a newer truck is just less expensive to maintain and own. The greed and out right extortion being seen at the dealerships has made me change my perspective. Buying two trucks for the price of 3 with the value of 1 is just bad math and damn expensive. I have implemented a maintenance program that is keeping things running well. I am saving a lot of money driving trucks a few years old.
35 yr. mechanic here.. you may see what the most failed parts are and stock up on them and hire on outside mechanics to
rebuild your trucks.. we had trucks with 300k miles on them.
If you look around many of the service companies, such as pest control have all switched to Toyota Tacomas.
@@EMWoodworking My dad drove Cadillac his whole life until we hooked him on Toyota; he died with two Toyotas and a Mercedes in his garage!! Mercedes was mom's car!
@@EMWoodworking = Cost and durability are most Peoples concerns now = And with that Toyota is a Leader
I have a 2001 Chevy S-10 with 355K miles on it. Yes, I’ve done repairs, but those are small compared to making payments on a new one.
This is strange too me . I was driving full size pick ups when I was in college because they were cheap’ simple to fix and everything I owned could be moved in one trip. Now they have replaced cars and are crazy expensive
less metal less upholstery less of everything but more money pull the engine out of a new vehicle and the rest is worthless only in america do you have to take out a mortgage to own a truck
How about lowering the price of your pickups? So the average man can afford to buy one then you can make more.
Agree
Whoa whoa whoa, calm down there. You're making way too much sense
They got greedy, they gradually raised prices then when it got to be too much for the average guy it’s too late. Now they’re about to price themselves out of business.
Profit is more important than anything, so that's why all of these auto manufacturers are struggling. They don't give a flip about the average people anymore, just the pocket spenders, and the manager of General Motors is driving GM to the ground. With the exception of the Pontiac Vibe, because it's a Toyota, Common sense finally hit me almost three years ago to give up on American made vehicles, and just stick with Toyota.
@@curtiswilson4737 that's the wild part, quality hasn't even gone up with pricing. That's why the smart person would pay a little over retail for a Toyota or Honda because they'll last longer versus paying way over MSRP and dealer 'market adjustments on American made vehicles that have like 20 recalls the moment you buy
A few years ago, trucks made up 12% of total vehicle sales yet 63% of the profits. Then, they discontinued making cars and started producing higher priced SUVs. Now, trucks are so expensive that the average person can't buy one.
The only thing left is bankruptcy an d make parts a whole lot more expensive.
Money drives them, not customers.
@@maurice8824 As you can see, they didn't learn from 2008.
70,000 for a pickup HAAAA I can buy 30 year old truck for 5 k spend 10 k for re build , paint , body work, and last another 30 years.
@Classic Movies And More (BINGO) ✌
The real reason people stopped buying is they have made vehicles way to expensive. Cars when from you ordered and bought what you wanted or could afford ,to different models with some having more options and others less. Now they want us to all have all the bells and whistles weather we want them or not as that is where profits are.
I tired to get my truck without onstR and they said no. I disconnected it the first week i bought it. Thats what gov bailout /tracking gets you
th-cam.com/video/VeQTA4TcsXM/w-d-xo.html
Mary Barra's leadership makes me worry about the future of GM
I was worried the day she was given the position!
China will buy them, no worries
She’s going to destroy it with General Motors. Just like the idiot at Ford the decision to go 100% electric is going to put them out of business. The vehicles will just be not desirable and to expensive.
Women screw up everything. Bud, GM, schools.
They don’t care about their customers they’d rather stop production rather than cut costs. Unbelievable…
That's why I purchased another brand. But when you think about it, they are really shooting themselves on the foot by stopping production. Some people don't learn.
Dealers are a big cause of price gouging. They want more profits at all costs. The price should reflect the cost of production , delivery and a reasonable profit. If they continue with the current business model they will need another government (tax payer ) bailout.
Simple business. They saw what you are saying and got greedy wanting to only make trucks. You’re right 😂
It's parts supply constraints period
@Rome Salas Buy American. You weaken the economy as a whole ! That's how much of an effect the huge US automakers has. 1 in 8 job in US tied to the auto industry. Think bout that .
GM figuring that brand loyalty will save them at any MSRP is not sustainable as will soon be seen.
No brand loyalty from me!
Any brand loyalty I might have had is totally gone. High price, low quality (recalls), and general indifference to their traditional customer base seals it. At some point the vacuum will be filled by some manufacturer. Just a matter of time.
Gov Motors doesn't care, it's about time for another TARP bailout round of tax payer money. Yeah know, so they can distribute more multi-million dollars bonuses to each other (again)! 👀
Brand loyalty to who, the Chinese who own 55% of GM.
GM please pay the bail out money you "still "owe.
Sales have slowed due to the ridiculous increases in sticker prices in conjunction with dealers increasing prices on top of the sticker, called “market adjustments”. The same truck I bought in 2017 with little change “not a GM” was 68k it’s now 92k and is missing some of the options mine has. They can pound sand as far as I’m concerned.
And that's house money or not far from it in much of the US.
In the late eighties you could get a brand new 1/2 ton full size pickup truck for around $14K, inflation went up about %250 from then that would put a new pick-up today at around $35K. Good luck finding that today, the trucks have gotten more complicated and more expensive to maintain while the bodies have decreased in weight and thickness of the sheet metal to lighten them up for better fuel economy while the prices have increased. You could also order a truck with the features you wanted back then such as color, wheel type, type of radio or no radio, suspension package etc.. Until the prices come down to reasonable levels they can keep their trucks as well as the rest of their vehicles, let them rust on the lots until they have to greatly discount them to sell them.
Buyers need to be satisfied with the vehicle they currently own. Don’t buy these overpriced trucks until GM comes to their senses.🤨😬
Sticking with my 1998 Dak for sure. It still runs!
Agree 100%
Totally agree! I still have my 2001 Chevrolet Silverado 6.0L and still running strong! Payed about $35k brand new but now, all these newer trucks are 2x as expensive!!
Still driving my 2006 F150, it runs fine. I've got the little 4.6V8.
@@RickNetheryhell yeah, 249k miles right now
So GM and all manufacturers increase their prices and sales begin to slow down? Make the price high and less people are able to buy? Maybe reduce the truck prices so more can afford to buy vehicles?
Oh no we can't go around lowering prices all willy nilly...
See we will always have money. You....won't.😶
@@kenik2023 Right, only this lowly upstart Tesla can lower their prices for their rust buckets.
@@kenik2023 If Government Motors and unions need money, they get the politicians they own to let them rob shareholders and taxpayers.
You mean to do like Toyota does for 50 years?) Noooo 😂😂😂😂
Individuals are doing same 💩 .They still want big money for their wornout high milage used vehicle.
When GM went WOKE I stopped buying anything from them. Go woke go broke 😂
We live near the Ft. Wayne, IN pickup assembly facility and there are literally thousands of trucks stored in fenced in parking areas west of the facility.
I remember a time when cars didn’t need computer chips! They ran great and lasted for years!!! Maybe these manufacturers should think about making cars & trucks that don’t need a frickin’ app to start the engine and make them more AFFORDABLE!!!!
I agree with u they don’t need the dam computers,I still have my 1960 Chevy Apache c10 and it run great !!
@@eutimiochavez415 Hold on to it brother!👍
Let us not forget the govt. regulations, & all the consumers who wanted this tech. Oh & don't forget the greedy UAW ! Just go back to the 80's & see what happened to all the British automobile manufactures .
Yeah and $300 smart keys just to unlock em
That was pre- 80s man!
Prices will come down when people stop paying them. I can fix, or rebuild, my 2003 Silverado several times and I still won't get close to $90,000.
TRUTH!
I was really wanting to buy a new Silverado in the next year. But the crazy prices and no rebates along with high interest rates I don't see that happening. I'm looking at low milage mid 90's pickups now to purchase instead.
Same here. My 2020 camaro is now paid off and was looking to buy a new silverado 2500hd but now, im looking at used and they are ridiculous as well!
The problem with the last 18 months is when dealers starting adding 20-50 thousand dollars to their existing truck prices now that things are easeing (chip shortage) the current buyers will be mega thousands upside down for resale and trade-in values.
They are trying to keep these high prices, but soon they will have no choice but to bring back discounts.
They're gonna be begging to get anyone to sign pretty soon I'm sure. Bet someone with a 400 credit score will be able to walk in and negotiate a lil something lmao
No they will just wait for another government bail out.
I literally can't wait till some 3rd world country produces a competitive, DOT approved line up of vehicles to sell in north America! GM is going to fail again, it's NOT "too big to fail", I say let that ship sink!
Your dang right. Driving a older vehicle. And I am glad of it! My acreage is awhole lot better. Than buying a truck for more. What it cost me to buy my home. Screw them. Or FIRE the stupid CEO.
I saw discounts on Silverado over the weeked (end of march) ...small $2k off or low-high interest rate, but still a "discount" (from dealer stock of course)...
If 8 to 10 year loans are common then warranties need to exceed the life of the loan. Otherwise it now becomes a risk to buy a vehicle.
you're showing your compete lack of knowledge as to how the auto industry works and how long people hold onto their cars
My local dealership always used to have rows and rows of gorgeous new trucks. Nowadays, there's maybe one, two trucks on the lot, with prices three to four times worse then they used to be. Its absolutely all about greed for them and it needs to stop
It will - once their offices and factories are padlocked, and taken over by squatters and looters!
How about making a regular cab base model truck that people can afford without all the electronic gadgets that are not needed.
Mary T. Barra-" We're going to be the most inclusive, diverse employer..."
Yeah, that pretty much told me all I needed to know about Generous Maintenance's direction.
No way should a woman be a CEO of a major corporation. There...I said it.
Guess that kid in your profile pic will become a breeder with no real job then if diversity scares you Mr Pale Privilege.
@@spacecoastz4026 Don't be bitter because you couldn't cut it in the job world child!
@@geekfreak618 Just watch the results....
She is nothing more than an affirmative action CEO.
the price of cars and trucks has exceeded the average person's ability tp pay for them ,even with payments out to 6 years
yeah, but who want to pay for pile of crap that'll last 4 years with six years of
payments...
@@stevebates5973 exactly
They need to start back on the production of mid-sized pickups, like the Colorado and Canyon. They completely stopped making them for a while, in order to use the chips on the highest priced full sized trucks. They are way WAY to big/oversized for most people now.
Higher prices and higher interest rates make it tough to buy for sure.... Everything has gone up a lot, I bought my small tractor with a bucket and backhoe for about 22,000 7 years ago, that same exact set up is over 34,000 now... I bought a 6x12 trailer for 1700.00 about 8 years ago, that same exact trailer is now 3500.00, so costs are up on just about anything with wheels.
RIP GM I have always been a loyal GM owner and went to my local Chevy dealership and they are asking 50,000.00 dollars for a little Trailer Blazer that’s simply insulting and insane I can and am buying a Mazda CX-50 with more features for 34.000
I did purchase the CX5 it is awesome and the out the door price was $28,531.19 and that included a 10 year 200,000 power train warranty. It’s so nice to see a manufacturer actually stand behind their product. Unlike GM never again GM you lost me forever but the dealer said you wouldn’t miss my money so I gave it to Mazda
Real reason, because the entire monetary system is about to go tuts up fail!!!! No one will be able to purchase anything , especially these trucks that no one will be able to buy
How do you know rhis
@@justinhubbs5716 do you not see what’s before us? Watch a video or investigate “Fed Now”, all banks will fail soon, but it’s all by design to make force everyone into this one monetary system that soon will go complete crypto..
@@justinhubbs5716 it's common sense. How many trillions in debt can you go before your money becomes worthless? Look at the major banks failing. Look at skyrocketing prices everywhere.
Thats the reason why my wife wants to try and squeeze another year out of our 2011 Traverse with 165k miles. Tried talking her into trading it on on something newer but she's been hearing all this bad news about what's about to happen and she's afraid to pull the trigger on doing it. I dont blame her.
@@richardbutton1179 listen to wives on some things and this is a good one to listen to.. look at reviews on any car you buy..
I'd love to buy a new Silverado but can't come near to afford it.
Increased prices, increased loan rates, increased inflation, static wages and the automotive industry cannot figure out why there are not enough buyers. The expression "can't see the forest for the trees" comes to mind.
The new habit, of buying consumables on credit. Has steered us way off course. The correction will be painful.
Agreed. There's too much money 💰 tied up in depreciating assets.
Historically it’s not the worst.
True.
Until they start being realistic with their truck prices I hope the tires dry rot setting on the dealer lots, that will teach the greedy manufacturers
And the WORST thing is how much is made in MEXICO !!!!!!!!!!! 25 years ago the UAW was blamed for the greed, if you are a thinking person you now KNOW where the greed always was. years ago $20 hr. for union work, TODAY mexican labor is $ 3 an hour but still 70 K sticker prices !!!!!!!
It takes a lot of money to put all the crap in cars people are buying, we need to push back and demand simpliar vehicles!!!!! If you want al the bells and whistles you need to pay for it. The greed comes from car companies lobbying to mandate all these features to standardize manufacturing. WE DO NOT NEED IT!!!!
@@brianhuffman3202 GREED is on both sides, I am pro union but union is its own enemy. We need union reform and go after what the real problem is!
@@ripperwrestling6587 or other features thy are cramming into cars as a non option forcing people to buy them as standard. Only massive business and government like state can get the basic version, not even big local or regional business can.
I am a Ram fan. Went to dealership to buy a pickup truck and my wife and I couldn’t believe it. The trucks were more expensive than our first house. My wife has bought me a ram truck for Father’s Day in 2002 and she paid 17k for a ram 1500 with the 360 engine. That was a great truck. Miss those days.
The industry can come up with all sorts of excuses for the problems they are having but the real reason why trucks are not selling is the outrageous prices they are asking. Most normal people have a perceived range of pricing that they feel is fair for vehicles and it definately does NOT go much over $50,000 dollars, and for most of us it likely doesn't exceed $30,000. Plus add all the greed based markups over MSRP and people feel these companies are simply gouging them for their products (which they are). So you now have what is happening...consumer backlash.
So be it.....you created it GM and Ford....now live with it !!
When a vehicle's monthly payment is almost as much as a home mortgage payment, there's a serious pricing problem. People still want and need new vehicles, but that's not the issue. They simply cannot afford them. For most working people a $300 or $350 a month payment is about tops and payments of $1000 or more are impossible, even if you could secure a loan. When you add in the fact that the factories went ahead and raised the MSRP so dealers could still get their "market adjustment" grift, you have failure written all over the auto market.
Got that right. Heck many folks have mortgages $1,000/mo or a little less than that. My coworker pays $825/mo for his mortgage 3 bed 2.5 bath house, the same as my current rent for my studio apartment 🤬😡 although he brought his house in late 2015.
th-cam.com/video/VeQTA4TcsXM/w-d-xo.html
All dealerships are shady,,. people suck.
People like Mary Barra who get a free car of their choice every 3,000 miles and are paid over $20,000,000 have lost touch with the average middle class consumer. It’s time to cut prices significantly. As middle class retirees, there is no way we can afford vehicles $70,000 and up. GET REAL!
I was in management at a GM dealer for 45 years. I've seen GM going down year after year. Not listening to customers and dealerships is going to cripple if not shutdown their company .
This video sounds like a PR firm making excuses for the greedy manufacturers and dealers. Over the past 12 years I've bought three new GM trucks. The prices now are just crazy high. I will keep my old one
After issues waiting for a 2022 GMC Sierra pickup with Max Towing for over 6 months, and then not getting what I had ordered, I switched an placed an order with Chevrolet for a 2023 Silverado High Country, only to find there was a constraint on Max Towing again, so I cancelled that order. There were no discounts or incentives offered by GM, and then interest rates started climbing. And I was talking prices well exceeding $70k for a truck. I decided NEW was no longer something I wanted to consider, and was done with GM ... went and found a beautiful 2019 Ford F150, with Max Trailering, and 3.5L Ecoboost ... with 27k miles on it, and for $25k less than the new GM. Paid cash for it, and now have a truck I'm pleased with, without breaking the bank. Several GM dealers were telling me they would slap a $5K markup on their trucks .... and told them to pound sand! Manufacturers and dealers got greedy ... so they lost my business for new.
I work at a small Chevrolet dealership in close proximity to the Fort Wayne plant. My total new inventory of new cars, trucks and SUV's is a whopping 14 and that number includes vehicles that are currently being transportated to the dealership. Only 3 of the 14 vehicles that are sitting on my lot are New Silverados. Meanwhile as I drive past the plant I can litterally see thousands of trucks parked outside the plant. I am told that GM has secured parking on the other side of Fort Wayne where tens's of thousands of additional trucks are being stored. While the higher interest rates are affecting sales, so is the lack of inventory. And the low dealer inventory of new vehicles has increased the demand, and cost of pre-owned vehicles. I'm not stating any of this to solicit "pity the poor dealer" comments... these actions are hurting the consumer.
Thank you for the info. I have found sites on the web that sell OEM parts direct. They are a fraction of what a dealer wants for them. I can usually get anything within a week. Sometimes just a few days. IF I know what I need specifically I just buy it. I am really disappointed in the direction everything seems to be going.
Trucks could be found for 12-14k off just a couple years ago,that will happen again with maybe even more discounts.
Everyone stop buying new trucks for awhile,we want the manufactures to sweat.They do not care about you.
GM has priced them selves out of the market
Ram is worse but not by much.
My last new pick up was in 2007, a GMC 3/4 ton Sierra 4x4 long bed crew cab. It was pretty much loaded for a gasoline truck and cost $39,000 out the door. I wonder how much a truck like that is today?
70K+
Back in the 90's I had to do some work on a pickup line, I was informed every 50 seconds the line was down cost them 10k in profit
Auto manufacturers are as naive as house builders. Don't they realize that most people out there are not rich. Most people can't pay $1000 month for a truck and on top of that $3000 for a mortgage.
Wait until those electronic modules start breaking. They have placed them where it can take thousands in labor to replace them according to David Long, The Car Wizard here on YT. He says the dealers may be trying to get folks to come back to them by making the whole car shut down when some of them fail. He actually has people bringing him cars under warranty because they hate the dealer experience so much. They said they would rather pay him than go back and get the work for free.
They realize that. They just don't care!
We the people...Show them we have the power, don't buy a new vehicle. The power of supply and demand will force prices down if nobody buys a new one. It may hurt individuals a little, but we can cripple any company we choose to boycott.
...or, go in and make a reasonable offer (if MSRP is the reasonable offer, so be it). if the dealer balks, leave your contact info and let them call you. don't act anxious, don't act excited. be reasonable, be firm, and stay in control of the transaction. don't sign anything until ALL TERMS are agreed upon. Also, you can have outside financing set up if it gets you a lower rate.
Carl you said it right the first time! BOYCOTT!!!!!!! There is no negotiating with greed! More people need to learn that word , it will solve a lot of issues with America!
Customers keep holding out! Sooner or later they will drop those prices to reasonable levels!
Demand isn't down, the price of vehicles is just too high! High prices and high interest rates is the problem, not the demand or want of those vehicles. I would love to have a new truck but not for the price of a small house!
Greed!! From the oem. Greed from the dealership. And recall after recall.
Rolex had the same problem they raise their prices. People waited in line to buy them. Then they raise the prices even more and said that they had less on hand to sell now they can’t sell a damn watch because they’re too expensive and everybody’s hurting.
When I was young in the 50s, buying a car or truck was no big deal, I could easily pay for the vehicle. Gasoline was something I never thought of, it was cheap. When in college I could go to places where people threw away their glass coke bottles and quickly gather enough to get a refund for enough fuel to travel half way across the state of Texas. Government taxes and spending are the real cause of our problems today.
Auto companies have to be evaluated like a bank that just happens to manufacture vehicles. It’s time to invest in companies that make replacement car parts
Auto Zone stock has been killing it
No intention of selling their pickups at a discount, hmmm, then they can stockpile the most profitable product. MB seems like she was installed to ruin GM and is very good at it.
MB for GM is just like JB for US.
I just spent a lot of money restoring a 2004 f 350 that was wrecked and totaled a friend of mine said ask insurance what you can buy your own truck back for, so when I did it was a lot less than what I could get for parts off of it, after listening to insurance make dis credit clams about it for a couple of days I bought it back and carried it to a local diesel shop and told them to sell parts off of it. I mean it had a 5 th wheel hitch in the back that cost almost as much as what I bought the truck back for, but because I didn’t have a reseat for it ins. Would not pay. A couple of days latter I went but to make sure the truck got delivered and a man working there told me he could fix the truck for a fraction of the cost the ins. Adjustor priced it at. It turned out to be a little more to it than that. I got the whole truck painted and without knowing it it was metal flack paint that was very expensive, and I bought another truck to drive while all this was going own. The point I am making is there are a lot of ways to get a good ride for a lot less. I told my wife that I know it seems like I am spending a lot of money but a new like it is 100 grand. So I say let them choke on there prices and all that lied about electric BS to
Wasnt so long ago they were bailed out by taxpayers, price gouging and moving factories to other countries is how they show appreciation
I hope they all go broke!
Me too but Brandon would bail them all out.
JUNK. Too much money , GM & UAW doing themselves in.
You do know that Ram & Ford now have the most manufacturer issues/recalls than any other truck brand.
It's also government regulations driving vehicle prices well past inflation rates.
What if the ‘Top management’ would join the rest of us, and accept more Realistic bonuses, and spread the savings into lower prices
on their pickup trucks…especially the higher cost editions.
By the way, I’m including all manufacturers, not just the heavy bonused GM management. Thanks for your time.
Whoa now, lower profit margins for all instead of the workers & customers? But what of the shareholders? I've been saying this for quite some time.
I paid somewhere around $42K for my Silverado, 5.5 years ago, and it was by far the most expensive vehicle purchase I had ever made. Now they are wanting people to shell out $50K minimum? I have only 79K miles on it and have replaced the starter twice, and just now the transmission. The paint is also starting to flake. I like the truck, but not at these prices and with all these problems.
China is selling their brand new vehicles for half price because people in China cannot afford them. The new trucks in the United states are $30,000 overpriced. So they're going to have to start making trucks with less fancier options.
I wish they did. All i need is the mandated backup camera. I want a mostly non optioned and non accessorized truck. Only option I need is 4x4
@@David.D3 what I'm trying to say is they don't need to be putting in these motors with all these turbo charges and fuel management systems they can put in a straight-eight or just a regular straight 6 cylinder without without all that technology and the truck will work beautifully and in fact they'll probably break down a lot less and be more cost-efficient. And quite frankly they'll probably get better gas mileage because those turbos do not give good gas mileage on a
@@sticksandstones1885 I agree with you. Unfortunately my millenial generation and younger generations now don't keep their vehicles long, so they don't care about longevity. They just care if their vehicle connects to their phone and think the vehicle is an electronic.
Henry fords manufacturing/marketing concept worked for decades-the pandemic blip gave consumers billion of dollars of phony money and vehicle manufacturers jumped on the opportunity to ramp up their prices and profits, failing to realized its over, people are having to decide between food, gas, rent not $1000/month payments for vehicles that depreciate faster than they can write their monthly payment checks
Most of that electrinic gadget crap has no business in a pick up truck.
They will break.
Totally agree with everyone below. As interest rates went down that should have helped buyers save on truck payments. Instead, greedy dealers just kept raising prices. Took the savings in interest rates away from buyers and kept the profit for themselves. Production lines work best when everything runs smoothly. All this stopping and starting means big trouble for the auto makers and all their supply chains.
The price of new cars and trucks has raised so much those like me, elderly and fixed income, that we cannot afford to buy new. For trucks in particular it has to be 10 to 15 years old to be priced where we can consider it. Its crazy.
I own a 2017 Chevy Silverado 5.3 V8.
I thought about getting an upgrade to a newer model but once I saw the prices and saw that I will be paying $1000 more a month for basically the same truck I decided not to do it, especially during a moment when our economy is very fragile.
BOYCOTT any manufacturer that trys to artificially inflate prices. That is the only mechanism we as consumers have to fight back against such greed. Hopefully the folks that had money burning a hole in their pockets will already have been taken advantage of and will not go back for seconds until the prices adjust back to normal profit margins. (instead of the record high profit margins they have enjoyed at our expense for the last few years)
We should be able to order direct w GM… from basic trucks without all the expensive trim, especially for a lot of us who need them for our construction projects…to luxury trim packages for all the others… forget the dealers! It would be nice to order online and then pick up our trucks at a distribution center or have delivered.
before you wish for a worse situation (yes they can make it much worse than you think), talk to people who ordered Broncos 3 years ago and had to wait 2 years to get one, then get screwed around because ford figured out that if they could weasel a rare car out from under order they could mark it up another $20,000 for a dealer. my coworker could have driven 4hrs to pick her bronco up, but instead had to wait another 2 weeks while ford put it on rail. really, rail. for delivery.
Toyota is talking about producing a basic truck like that. If they do they will own the market.
Jrt I agree with your comments. One point I will make
....with out dealers where does factory warantee repairs get made? The dealers seem to be a necessary evil.
High interest rates make it impossible to buy a new truck. I can remember a time when the manufacturers offered 0%
Gotta keep those PROFITS ROLLING IN. Cut back on Production, Creates Artificial Demand, which in turn keeps the Used vehicle Markets HIGH.
All these Companies Always have an Excuse as to why their Prices keep going up and up and up. Consumer Demand, Supply Chain Issues. Chip Shortage, INFLATION. Don't see the prices come back down though when things slow down do ya?
GREED! It's the American Way.
Why would anyone pay over the listed price weather it be for Auto's or Houses. People need to wake up. I've never paid more for anything don't need it that bad.
Too many of the trucks pushed out are high trim levels with many, many options. They need to prepare for more demand of base model trucks.
Parts SUPPLY CONSTRAINTS folks. I work in the automotive industry. Every brand is having issues getting necessary parts.
I’m 21 going on 22 and I’m starting to see the value of needing a truck I drive a 2014 impala LT Limited(which was 9995 when I got it August 9 of 2021)and I love my car but how in the hell do they expect someone at my age to afford 1000 to 2000 a month for a truck a used one at that
The big three are producing complicated, expensive, crap. We’re not buying!
Because gm trucks are crap now
Since retiring from the military, I can no longer afford a $500 per month Ford Ranger payment. I'm in the process of looking for work. Since July 2021, I've been overpaying by $25.00, which is roughly 2 months' worth of payment. The actual bill is almost $480/ month. My wife's SUV has only $5k left until paid off. So yeah, there's no new vehicle for another few years. Even though my truck has over $5k equity and my wife's SUV has just under $15k equity.
This is not rocket science! It has gotten to the point the average American Worker cannot afford the average American Vehicle! I have watched car and truck prices balloon for over 40 years and predicted this day would come!
Car companies are not really worried. They knew that when shit hits the fan, Uncle Sam is always there for bailout.
With our confiscated earnings
Thanks joe
It’s a shame they idled the Indiana plant rather than the Mexican plant.
Our family has three vehicles each over 10 years old in the DC area, our car insurance premium has jumped from 1200 to 2000 semi-annually (no accidents or tickets), property taxes are skyrocketing, food, and other living expenses. That does not leave much for a new car..
Wow dude change car ins companies..I live In Michigan-one of the highest states to insure a vehicle ..I have full coverage on a 2010 Sierra Denali I’m the only one on the plan and I pay 1014 a year it went up like 32$ used to be 982 a year..that seems really high..and for only 6 months..
Used to be on a domestic half ton $10k off the MSRP with discounts so that put you close to $40k for LT or XLT or Big Horn. Now the MSRP is inflated to high $50’s and minimal discounts. At least $15k over priced according to my math. Don’t play their game be patient, drive your current rig for another year or two if you can. Put that cash into a high interest savings for now. Prices will only come down if consumers vote with their wallets
Can you even touch a half ton for less than $50k?
@@richardbutton1179
Good question. I think so after discounts but MSRP wise I doubt it as far as crew cabs with 4WD go. I think even a Chevy Custom trim crew cab 4x4 is over $50k MSRP??
Bought a Ram Limited in 2019 for $48,000 ....sticker 62,000.
@@anderander5662
That sound very reasonable for a higher trim, those days will return eventually 🤞😎
@@anderander5662... that was 2019. before the "mess" and inflated concern. I agree caution/action was necessary, but not to the level it reached. Anyway, I too bought a 2019 Subaru in 2019 and saved $6k off msrp (~20%). Can't touch 20% today. everything is at MSRP....
I was getting my 4Runner serviced the other day. They had a TRDPRO 4Runner for $71K. Half ton pickups for $80-90K. GTFOH!!!! Gonna price themselves right into bankruptcy.
Honestly, that's right on schedule with the times.
I ordered and still have a 1998 Toyota 4 Runner Limited, it stickered right at $39,000 back in '98.
That $39k in 1998 with inflation is now $71,700 in 2023.
It’s cause they know schmucks will come along and buy it.
During negotiations, the sales dude told me that paying more money wasn't a problem. It was like, "everyone is doing it". Personal finance is personal. When did so much debt get normalized? Plus...Insurance and gas on top of a 1k payment? 😮
It's basic practice by ALL automakers to adjust production to meet demand. *Parts supply issues are still a very real problem* . These big companies have been around for 100yrs.. they understand market trend well. 1 in 8 jobs in US is tied to the US auto industry! Ponder that. Economy will be softer this yr for sure. Have '22 F150 XLT Tremor w/5.0L Coyote engine i ordered to my specs last yr. I'm set for a long time. *Ordering a truck will get you a better price ..if ones on lot too pricey*.
Always line up financing b4 you head to the dealer! You will get a better rate..unless a manufacturer like Ford Credit/ GM finance etc has better rates offered.
very hi prices for vehicles will be a longer term problem for Big 3 because of stagnant wages, hi interest charges and a recession coming soon.
More likely they'll be out of business soon....
Yeah, those floor plans coming due will kill off most of them. Used car guys and gals that buy at auction say they keep taking them back home to try again and aren't willing to budge on price even for them. Paying finance charges the whole time.
And people are starting to realize how ridiculous it is to spend $75,000 on a vehicle.
In 1987 I paid $72k for my 1st cabin in the Colorado high county. 1200 square feet. 8 acres and a pond. Just bought a 2023 3500hd 4x4 flat bed and paid $70k.
I you look at the website of most new car dealers there is a paragraph at the bottom that states they are adding up to $8,000 to the price because they can call it a dealer adjustment due to market conditions.
I guess I'll just have to buy from carvana then.
@@200130769 Make sure whatever you buy from Carvana isn't stolen 🤣
Anyone who is willing to pay an overcharge 'due to market conditions' needs to have their heads examined...most likely the examination will need to be done rectally.
@@andrewcarlton9081 how's it going to be stolen when it comes with all the dealership paperwork and a title? 🤡
@@200130769 Just Google stolen cars sold at Carvana and read the recent article about an Army Vet who unknowingly bought an $68K Maserati for his wife's birthday that was reported stolen from Carvana.
I also think that many people are spending on traveling and vacations rather than buying these expensive cars. I know we are just happy to be able to travel or go to large events. People have learned to appreciate the little things that make life great.
When most entry level full size trucks are around $50,000. and well equipped ones approaching or even exceeding $100,000. it's no wonder customers are drying up.
That's what happens when these companies get greedy.
This is going to make truck prices go higher smfh. Dealerships are going to try and mark them up even more 🤬
Who the hell wants a huge expensive truck in the last 10 years trucks have gotten larger and far more expensive than most consumers want this is exactly why the Japenese co,s prospered in the 70's the American mfg's are once again out of touch!
Same with the housing market. People who try to get a loan for a smaller house are having issues. The banks want them to take out a larger loan for more profits instead.
I am not seeing the build up of inventory in my neck of the woods. In fact, the GMC dealer near me only had one sierra pickup coming in close to what I wanted, and they weren’t discounting msrp. North of $65k for a half ton truck - no thank you. To make matters worse, they lowballed me on the trade-in value of my existing truck.
New trucks were inflated by the dealers during Covid, and now post Covid by the manufacturers.
The price of new vehicles is out of hand. I bought my first new Chevy van in 1974 for $3363.00 which equals $20,500.00 in today's dollars. Gas was $.30 per gal at the time. I could fill my tank for $6.00 and get top value stamps! Times sure have changed.
My Personal Reason:
I’ve gotten a new car about every 3 years, my current truck Single Cab F150 5.0 msrp 37500 in 2020. I was able to negotiate too 30.5 K. Rebates where about 3k the rest was a dealer discount. Now if I’m looking for a similar trim truck it’s about mid to high 40s. Dealers are stocking the highest msrp truck they can with no rebates and don’t wanna move on the price. New truck would be nice but it’s not work the money ATM.
I believe the base price for that truck in Canada is $54,000.
"Yes, but our Donut and Hotdog fee is only $999, and we can get 96 month financing for anyone, even YOU!"
Consider yourself a pawn to the price hike in vehicles. Then again, just like everything else with a motor ... they won't last long.
I've bought 4 vehicles since 1998, 3 of them were new. 25 years later I still have 3 of them. One of which I ordered new in late 2021. I junked the one I don't have anymore with more than 300,000 miles on it.
When the dealer asked me if I had a trade-in when ordering a new 2021 vehicle, I told them no .... I'm keeping it.
He told me if there were more folks like me the auto industry would be in big trouble. 😂😂