Car Dealer DEBT CRISIS Begins: They CAN'T Make Payments

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Car dealers have over leveraged themselves and now they can't sell their cars! Their interest payments are coming due and many of them will be in serious trouble!
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
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*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices

[@miked3842]

I don't feel bad for alot of these dealers. They have been screwing people for years and now they see how the regular people feel.

[@waynerain2372]

Sweet.

[@creativemanagement5921]

Fackers!!!

[@chucke756]

Yep!!

[@loudcubanable]

Yeah theres only a few dealerships in NJ that i know of that didnt f*ckover customers hell even 1 in ramsey were selling a bunch at msrp or only 1k over during this pricehike apocalypse they real ones.

[@dnegel9546]

Yup karma

[@justinfowler2857]

Every time a dealership goes out of business an angel gets its wings.

[@ChickenMcThiccken]

there are no angels in dealerships. less dealerships = now have to buy directly from manufacturer . this is a domino effect. me as a taxpayer. i am not bailing them out again! unless they want to give me a brand new car for 0 cost!

[@Ozone814]

@@ChickenMcThicckenif you’re A tax payer then you’ll bail them out if you’re told to.

[@shaun9156]

@@Ozone814 yup

[@austinmitchell1586]

😂 Quite the opposite you can thank all of The Obidens Administration! You won't be laughing when it's your job. It's a ripple affect! Not only can folks not afford to purchase they can't keep what they already owe on. So your angel wings will turn to devil horns. More Job losses to come.

[@no_country_for_real_men]

@@ChickenMcThiccken Yes you are bailing them out if uncle Sam and aunt Pam says so

[@rayzearscorner5041]

Hard to feel bad for some of these dealers that have been price gouging for the past couple of years.

[@dnegel9546]

Its time we price gouge back. Demand 10-30k off msrp.

[@imabebebebe2496]

wouldnt it be a beutiful thing if it was like 2009 and like half the dealerships shut down permanently? and when i say half im talking about the big three and the other cheap gross brands.

[@mayssm]

Pretty much all of them.

[@TheGuruStud]

Never care about stealerships. They rob people blind every single day on sales and repairs.

[@marioxmariox]

No one forced the people to buy their cars, they could have bought at a different dealer. The blame should go to the car maker that is reducing production instead of lowering prices. And when dealers can't get cars from car makers all they can do is raise the prices on the limited stock they have because they lose money when they have nothing to sell.

[@Peterpanic-c3h]

I will cry for the dealers the same amount they cried for consumers when they kept putting the prices up.

[@elgordo9525]

Greed in their eyes, spittle at the corner of their mouths, back slapping each other, laughing at the single mom they just screwed over on a high interest loan.

[@Bewefau]

according to this fool they had too 🙄

[@stonefox9124]

​@@Bewefauhe isn't a fool... He is preaching facts, the fools are the ones who kept prices to high that put them in that financial deficit.

[@marktully391]

For the honest dealers I feel bad. For those that became greedy and raised the market to unrealistic rates. You reap what you sow, and now are going to start a ripple effect in banks and affect the economy in a really bad way. These next 6 years are going to be amazing. Yes, it will take 6 years to fix to the economy.

[@fritzthecat9451]

​@@marktully3916 years best case scenario. It won't be fixed, they'll throw more money at it and devalue the dollar even more till we are Zimbabwe.

[@ccarts2567]

We bailed them out and they jacked up the prices on everything. Screw 'em. When you sell a $20K car for $80K that is what you get.

[@johnlam5608]

It is tough to feel sorry for them. A local Kia dealership in Boise ID sells some 2024 Kia models as a "certified pre-owned" , especially when one Kia Forte with only 2 miles? According to their website. I took a photo of that too. So they sell the 2024 models as certified pre-owned so that they can charge higher interest rates vs brand new? Enough is enough! Say no to these stealerships! Don't let them have their ways!

[@guytech7310]

Possibly the Kia Forte 2Mi OD, was "sold" & the buy refused deliver for some reason or the loan fell through. Other vehicles may be repos, but I am just speculating.

[@Bobjlow]

I think they are doing it to inflate unit sales. This is a BYD trick.

[@alexandermckay8594]

There's lots of games out there. Kia could have a spiff or bonuses for certain sales quotas. The difference between a new and used Forte is probably less than the bonus so it became "sold" and is now a used vehicle.

[@Double_deuce22]

Kia is known for having a program where the dealer uses certain cars as loaner cars. Kia then authorizes them to sell them as certified used cars. Yes, dealers get a discount from Kia on the car. From my understanding there is no requirement how long they keep them as a loaner or the dealer gets creative on when the car entered the loaner program.

[@subaruamazon]

banks and credit unions and the fed determine interest rates. I dont get it.

[@sboy1955]

They can’t lower their prices… and we can’t afford their prices. This is a serious dilemma.

[@verbalasswhooping]

Don't worry...it's almost tax time😂

[@pokerman9108]

only till they go under, then the next guy comes and buys them for pennies on the dollar, and he becomes the guy who can make money while no one else can... and so the cycle starts again.

[@drunvert]

We win that battle

[@OldYgg]

Can't =won't

[@pokerman9108]

@@drunvert exactly... :)

[@Marktec]

I don't feel bad for dealers at all. They did this to themselves with their relentless greed and predatory business practices. The industry has become so scummy I no longer feel any pity for them despite knowing they have personal lives and the same struggles as the rest of us.

[@EyeKnowYourRight22]

I just went to the Ford site in my area and they are asking 30k for a 2023 Ford escape. Lmao that thing is only worth 20k.

[@teemann8379]

​@@EyeKnowYourRight22yea I drive a 16 Prius it was 23k it's not a base, now a base is 30k, I'll be fixing this one until I can't anymore, hooray for salvage parts.

[@EightiesJames]

You're damn right! Go ask the Japanese back in the 80s.. The Long Term. Make quality over Instant profit and win in the Long run. It Worked! These domestic auto companies are Pure Greed and the Stealerships are No better!

[@TruckingShooter]

Just call it a "market adjustment"that's what these dealers have been saying the last three years.

[@rogerstarkey5390]

I think that comes under "Cruel, but fair"?

[@OldYgg]

Yep, if it is real - then the market adjustment price works both ways.

[@aldonco]

That is called Karma.

[@ChickenMcThiccken]

if market says a vehicle should cost no more than 10k; but dealership refuse to sell for less than 40k. what market adjustment is there?

[@gregorytaylor604]

Works both ways now we can start calling the shots

[@jeremypatrick8057]

I was a mechanic at the chevy dealership. I seen it where they came in and repossessed all the cars on the lot. The dealership was asking for too much money for their vehicles.

[@breckfreeride]

The techs have been screwed for a decade or more... Some shops up here are charging 160 an hour

[@adambarney1137]

​@@breckfreeridedamn $160 hr smh and poor mechanics with huge ego, buy super sensitive for criticism 😔

[@whitedoor987]

Considering how dealers marked up new cars beyond msrp, nobody cares they are going broke. Some dealers still have mark ups on some vehicles. Financial pain and bankruptcy is only thing going to make dealers either lower prices or close the doors.

[@ellwoodwolf]

They are still adding mark ups on civics where I live

[@adammorra3813]

​@ellwoodwolf same for prius

[@EyeKnowYourRight22]

I just went to the Ford site and they are asking 30k for a 2023 Ford escape. Lmao that thing is only worth 20k.

[@ProductBasement]

MSRP is just a psychological trick called an "anchor". Once a consumer sees a price, any price, on a piece of merchandise, that becomes an anchor that contextualizes the rest of their negotiation. The anchor can be completely arbitrary. In one study, consumers were told to write down the last 2 digits of their social security number, then asked how much they would pay for a bottle of wine. You can guess the rest. Think about it: why would a manufacturer care what their customers (retailers) are charging the end customer? And wouldn't MSRP be a simple formula based on wholesale price and markup, and wouldn't the formula be run by the retailer, and even if there are some mysterious reasons why retailers need the manufacturer to calculate MSRP for them, why the heck would the end customer need to know or even be allowed to know the MSRP? Because MSRP is a bs term invented so that consumers can fancy themselves savvy while still getting taken for a ride

[@davep153]

Time for manufacturers to get their act together and start making solid,well bulit vehicles at 25,000-35,000. Had them before.

[@breckfreeride]

Too bat the toyota gr86 is a subie motor or id get one... Great car otherwise

[@Tampa_tom]

A 5$ pizza 3 years ago now costa 10$ they can’t sell them for 30k anymore

[@shanemcandrew2443]

we need Toyota to bring back the T-100 for 25K

[@JimmyLeeJr]

​@@Tampa_tomThey make pizza venda machines now. It's called technology. Some guy named Kaizen came up with it. Some dudes in some industry I can't remember like Seichiro Honda and a mister Toyota discovered a manufacturing law that things get cheaper to produce, not more expensive. I don't know if their work is relevant to the car industry cause I'm a big dumbo. I'll rephrase this a little clearer. 10 years ago it took 1,000 assembly hours to produce a car, now it takes 200 hours. Should that car be priced higher or lower?

[@Tampa_tom]

@@JimmyLeeJr if all the materials cost double or triple then yeah

[@rager1969]

Zach's father, Ray, says the obvious: the general manager and the owner of the dealership should've told the sales manager to get rid of the car when they got to 90 days. Any dealership that is sitting on cars that long is just a failed business because they aren't reading the demand of their product and not managing the economics of their company.

[@raiden031]

They all thought there was an unlimited supply of millionaires who will pay any price for a vehicle. They were wrong.

[@Shadow_Banned_Conservative]

I was pretty shocked to see the Jeep that sat for over 500 days. I wonder if they're still asking more than sticker on a 2 year old vehicle.

[@Savvynomad225]

@@raiden031ironically enough, millionaires don’t spend like that on cars. Most of them are very frugal which is why they are millionaires

[@Savvynomad225]

@@ZACHARYSHARKEY is there a bunch of million dollar cars? My guess is those are rare and bought by car enthusiasts with a lot of extra cash. Most millionaires, though, won’t pay sticker prices on cars. They are far more cutthroat about it than your average car shopper just hoping the bank will approve them for a loan so they can get that car with the 850.00 a month payment.

[@selfoblivionalex6262]

Don't confuse the everyday millionaire neighbor to celebrities/artist most rich people live a normal peaceful life, my doctor who runs many clinics drives a Rave 4.

[@symphony_baritone]

When greed drives a process, nothing good can come of it. Cannot feel sorry for some of the dealers right now.

[@fredmore8788]

I'm holding off on buying a new vehicle and I won't buy a vehicle from dealers charging $800 - $1K for their processing fees...this is just another dealer ripoff.

[@breckfreeride]

1500 monthly payment is even worse

[@johnyoung9874]

​@@breckfreeride Then outrageous insurance payments on top of that !

[@DeAnnaG_KissingFrogsMedia]

When they want more for a new pickup than most spent on a 3 bedroom house things are messed up. That being said, the fact that dealerships, manufacturers and banks have been getting away with interest rates that basically have double or tripled the price of a new car for decades while quality of those cars has been steadily on the decline. Yeah, zero empathy, cheering on the Karma served ice cold.

[@ellwoodwolf]

I live in the hood, houses that have re-done are 135k..... a jeep for almost a house.... insane.

[@reformedgarbage5415]

3 bedroom houses aren't that cheap anymore

[@reformedgarbage5415]

Decent ones anyway

[@Nemo-ff9he]

I am glad to see this. I purchased a car during the pandemic and I was treated very poorly.

[@tito10301]

same here, then they didn't stop calling offering to buy it back, and now they want to sell me another one, they can go to hell

[@JA-zh5xi]

Even the Toyota dealer went from having nothing for over a year to a very packed lot. Crazy.

[@mharris5047]

My mother had a Toyota in the late 1960's and early to mid 1970's. I guess she did well with it back then, I think she had it eight years before she dumped it for a Datsun (which she almost immediately rolled trying to avoid a German Shepherd in the middle of the road -- I guess she should have repaired whatever was wrong with the Toyota because those small Datsuns were very tippy). She replaced that with both an early 70's Pontiac LeMans and a new Dodge pickup at about the same time.

[@JA-zh5xi]

@@johngatsby1473 not by us - there wasn’t a single market adjustment on any car or truck. I guess that’s a start.

[@RB_rules]

In my local area we have car lots trying to sell used trucks with tons of miles and years on them for an insane amount. Don’t feel bad for them at all. Good!!!!

[@Mkluthe]

Stopped by 2 Ram dealers in Colorado Springs today, just to check out the “ Black Friday” deals… Only thing I found was 70-80k trucks that have been sitting in the lot since the beginning of the year. No special financing, no incentives. Just the overinflated price.

[@jmmywyf4lyf]

I refuse to pay $40,000 for a new truck! These companies are so far out of thw realm of reality, that I dont see me ever buying a new vehicle. Ill buy another house, before I pay for a poorly made vehicle

[@breckfreeride]

40k is what my 04 fx4 fully loaded cost new... I got it used. Fully loaded now 100k

[@jimmysager6192]

Where is a new truck for 40k?

[@okthennone]

40k for a new truck. Hardly.

[@jordanb3641]

lmao i wish. i paid that for a 3 year old truck

[@jmmywyf4lyf]

@@jimmysager6192 Thats what I said.. and until they come down back to sensible prices, Im not buying. Compate prices from just a decade ago. Look at wha occurred during Obamas first and second term, and conpare it to his current term.

[@myytchannel6632]

Those dealerships have not seen anything yet. Let the cars rot on the lot. I hope nobody goes into debt with these cars that will be repossessed very soon anyway. Do not feel sorry for people buying above their means. Let them suffer the same like the dealers. Some people are very irresponsible these days. Let them mess up by buying such ridiculously priced cars and get them repossessed soon.

[@neilrobertson1345]

Correct people spend way beyond what they can afford just to show off play silly games win silly prizes

[@Enochrry6024]

Yeah right,wait till the end of 2024 1st quarter that's when the chickens will come home.

[@breckfreeride]

Im waiting to buy an nice cheap repo

[@rasserfrasser]

So what we're dealing with here is a margin call threat called the 'floor plan'. CQA, thanks so much for giving us insight into the car markets. The fact you're doing this whole thing without a hook is really honorable. I understand if you do at some time, but keep on keeping it real, man. Best wishes with your lot.

[@jamelhall6201]

100% true, my local Ford dealership closed a few weeks ago without warning. Also, in North Carolina.

[@dccd3237]

These dealers had no sympathy for buyers, so what are they expect in return?

[@stonefox9124]

😈 yes dealers... Give us ur arms and legs...

[@bearrichmond3698]

5000 to 10000 profit and not a penny less

[@chevycmf]

Next they will want bail outs … happened last time Obama was president.

[@joshuaBrooks.nicholas]

Facts bruh i almost brought a 2024 Elantra, and they marked up the price.

[@paulmelbourne9463]

Since 2021 dealers have been destroying customers with insanely high prices by adding obscene MVA markups, and pages-long R.O's on the PDI. I cannot bring myself to feel bad for them when they have beem cheerfully digging their own graves for almost three years.

[@breckfreeride]

It's been way longer than that techs have been getting screwed for a decade

[@MrThe1234guy]

It's not like they've been buying the cars back at the good old low prices they're paying more too the cost to have also gone up

[@I-di-nt-do-nuff-in-]

1:40 hearing that now it’s the dealerships paying way too much, an interest versus it being the customers brings nothing but joy to me

[@rvh77]

This was very educational for me. Thank you for explaining why car prices aren't coming down. I've been scratching my head about this. I need a used car for my daughter who's about to become of age, but I can't afford 6 and 7 percent loans on already overinflated prices. We're holding out for now.

[@generator6946]

You and a bunch of other people!

[@Runco990]

The best part is when they try to sell you a car with "ONLY" 185,000+ miles for their asking prices, all with a straight face. I'm sorry, but that's end of life for MOST cars. Yes, there are exceptions, but will YOU be one of them? There is nothing but clapped out junk out there for sky high prices, it makes more sense to buy new, except they have that covered with insane prices as well. I was going to sell one of my old cars, but I am going to rebuild it instead. Waaay cheaper.

[@SmartPracticeSuccess]

@@Runco990Exactly. I drove my ‘02 Honda Civic LX for 18 years, thinking I’m being so smart. Should have bought a new(er) car in 2018/19. Unfortunately, no one could have predicted a pandemic and skyrocketing car prices… Fast forward to 2020/2021 and now my little Civic is on its last legs and I REALLY need a new(er) car. Except Honda has no inventory! (Honda is my first choice and I’ve only ever driven Honda. Toyota is my second choice and I refuse to buy anything except Honda or Toyota.) Toyota’s inventory shortage was even worse… FINALLY, my local Honda dealership got some inventory in January 2023 and I immediately ran down to buy a brand new 2023 Civic. Car prices were such that yes, I could have bought used, but the price difference wasn’t what it should be and the mileage on used has also been sky high. So I bought new. They tried charging me a $4K market adjustment fee. I said no and paid MSRP. I truly couldn’t wait any more as my old Civic was on its last legs. It died completely 3 months later. Fortunately, I was able to pay cash. The car is beautiful and I love it. But geez! What a situation…

[@JF-rz3rh]

Get a simple cash car. Get something that is just a few thousand. Pay cash.

[@joewoodchuck3824]

6-7% is a bargain according to what I've seen on the web.

[@rich7331]

It amazes me that dealers get themselves in the situation when we knew this was going to happen a year in advance...

[@ivanangelov7087]

Yes, but how else were they gonna keep the prices up. It was obvious what will happen however all dealers decided to keep prices up and do a stand off with customers thinking the customers will keep buying if they don’t lower the prices. Now the prices they have are just unrealistically high and they will be keeping those cars for them selves.

[@EmmyPierz-ek7hi]

@@ivanangelov7087 pay each salesman January 1,2024 a new vehicle as a years pay. CB

[@rickmcsheridan4949]

Because they have the memory of Alzheimer patients. When things are going good they forget about the bad times. Just look at the big three they have stopped making all compact and midsized cars. They actually thought they would have enough customers to keep selling overpriced gas guzzling trucks and SUV,S too. And overpriced EV,S that no one wants

[@drunvert]

We knew. But most people are dumb

[@Bewefau]

they thought they were going to get bailed out lol

[@veteranveteran9915]

I passed a dealer probably only an hour from your area in Lancaster South Carolina and they now sell golf carts and tiny homes because they can't sell cars and trucks after gouging everybody😂

[@mc333777]

Some Toyota dealers here in California (yes, Toyota) are now selling below MSRP, except NEW Siennas & New Prius. So yeah, the car market/businesses are hurting, and I think, it's going to be way worse next year. Electric Vehicles are piling up, and dealers don't want deliveries on those anymore.

[@JA-zh5xi]

Same here - it was crazy - almost overnight our Toyota dealer went from nothing to a packed lot.

[@juanguzman1098]

Yup, same here at Manhattan Beach Toyota. Just a few months ago everything had a 5-10k mark up. Now everything is MSRP or below! Crazy times

[@breckfreeride]

Ford cut ev production only after toyota said ev was bullshit

[@Dxeus]

Car dealerships have been raking in the cash with those high prices lately. It's about time they give back to the people, considering how much they've made. A 90% price drop would be one way for car dealerships to compensate for their past overcharging! 😄😄

[@ew5722]

I have bought new trucks for less than 10% of the price of the new trucks today.

[@paulhackney3184]

Outstanding video, have been involved in lending to car dealers in Florida for 40+ years. With prime rate increasing by 500 basis points the dealerships cost of borrowing has more than doubled. Example on a $1mm floor plan interest cost has increased $50k per year. In addition many lenders getting out of this business. As a double "whammy" cost of borrowing to consumer has more than doubled also. Be very careful in paying cash for a car at a "mom and pop" dealer as they can delay titling the vehicle to use the cash. Also they can sell vehicles "out of trust", not paying the lender for the vehicle release. Typically if loan on car lender will require that title be in new owners name before funding. Be careful if paying cash as if they go out of business before title transferred you can be out of luck.

[@ralphnewman2479]

LoL! Dealer ain't selling...Sellers ain't dealing, buyers ain't buying! This is going to be a hoot! Can't wait to see what happens at the end of December!

[@EmmyPierz-ek7hi]

the Buyers hold ALL the GOOD cards

[@natehendricksen3338]

Last line "Car biz is dying".

[@AndyYurko]

Glad to see Fred Durst became a very knowledgeable car salesman ❤

[@bayoumanbryan]

lol i was thinking the same thing

[@User-cc6cq]

🙈

[@ryanyoder7573]

He did it all for the nookie

[@richardbarrett8365]

It serves most of them right. They ripped off customers and are now paying the piper.

[@peccatumDei]

Not only can they lower their prices, they're going to HAVE to lower their prices, or the banks will eventually do it for them. I've never been in the car business, but my parents owned a dry goods retail store for years, and taught me a few things about retail. The lesson that applies here is what my mother called "mistakes." For a given season she might choose and purchase 100 bolts of fabric. Inevitably, some will sell quickly, but a few would just sit there, with few if any customers interested in them. Once they sat a certain amount of time, they were put on sale, and the price would keep dropping until the fabric sold, even at a loss. Why? because each "mistake" was taking up a portion of the finite sales floor, and if they were not liquidated, each season would bring a few more "mistakes" to the floor, reducing space for fast movers, until eventually they would be a store full of "mistakes" that nobody wanted. These car dealers now have lots full of mistakes, and need to get rid of them ASAP, to make room for more popular cars and trucks. If they don't, they'll eventually be out of business, and the bank will send the vehicles to auction with no reserve.

[@williamkelley7654]

That jeep is over $150K in Canadian money, that's more than I paid for my house!

[@elduro5977]

I don’t feel bad for greedy vampire dealers that have had no compassion for people or their own workers, but I feel for the workers in those dealerships that will get screwed even way worse than they have already been getting screwed by the dealers.

[@elgordo9525]

When the worker screws up, the worker gets punished. When management screws up, the worker gets punished.

[@rickmcsheridan4949]

If things are so bad for Dealers why aren't we seeing them closing their doors in mass? Because most Dealers are now part of huge auto groups that have more money than sleezy sales staff.

[@guytech7310]

Bankrupt companies can limp along for quite a while (Call them Zombies). The file for bankruptcy protection which can take over a year before the business is closed & liquidated.

[@Bekssss]

It's take time but is coming

[@patrickchubey3127]

You're right about people fixing their cars rather than buying new cars. I'm doing exactly that, I fix anything that goes wrong with my older model car and it's WAY CHEAPER than buying a new car. Parts are modular, you can replace anything on an older model car and make it run forever. Here's a good example of that, some years ago in the 90's I used to see this really old guy drive his 1954 Oldsmobile through town every day. I'm guessing that he liked the car and just kept on repairing it rather than replace it. Sadly it's our economic times that are forcing people to keep their cars longer, while new cars become more and more prohibitively expensive. I can't drop 50 thousand dollars on a new car, I just haven't got it and can't afford the debt, however I can afford to spend a few thousand dollars for a new engine if needs be, or a new transmission. We do what we have to do.

[@bolt4694]

Great advice! I have done the same thing with used vehicles. Fix them and they will last for years and be as dependable as a new vehicle. Note - Crate motors are a great deal.

[@earlwimberley2396]

Two out of the four car dealerships in our county have closed. The remaining two have announced they are 'remodeling' and need to sell hundreds of new and used vehicles. At the same time they are not ordering any new vehicles because they need the 'working space".

[@Goldenswayzee]

Another franchise is about to buy them out maybe; similar thing happened at a Chevy/gmc dealer out here where I live. Got rid of all their cars and boom few months later rebranded.

[@rogerstarkey5390]

And so it begins. Dealers getting out as close to break even as they can. Those cars going to market below MSRP(?) That starves the local market of customers, the dominoes fall.

[@guytech7310]

@@Goldenswayzee Not sure how that is going to work as the US falls into another deep recession.

[@shauncollins2017]

It's happening all over NC. Small Franchise Dealers are being bought out by big name franchises left and right. Majority of NC is now Owned by Hendrick, Flow, Modern and Capital

[@orbnaes]

All I have to say is, what goes around comes around!

[@MultiTurionx2]

Normally, due to the age of my older car, I would go get another. It is worth the money to spend $3000 on the car if needed. They have so screwed themselves.

[@mr.independent3501]

Well, I really can’t say I feel sorry for these greedy dealerships. Lower the prices and we “might” start buying again…….. I’m in the market for buying a new truck, but “not” paying those ridiculous marked up prices…..

[@dnegel9546]

Take revenge tell them to take off 10-30k of msrp. They all are scammers.

[@nordlandak6853]

Got my ram 15% off msrp. Even had them give me a spray in liner

[@EmmyPierz-ek7hi]

@@dnegel9546 33% off

[@mattbauckman9907]

Especially when it’s a piece of junk that will cost you even more money and headache in short time.

[@kidamere2408]

and you still vastly overpaid@@nordlandak6853

[@DogWater2011]

If everyone can make an agreement for just a few months and not buy any cars we will benefit so much.

[@vintagethrifter2114]

Until a few months from now when everyone starts buying cars again. It's like saying if everyone doesn't buy gas for a week, we'll show those oil companies. Guess what? Everybody is buying even more gas a week from now.

[@Sarcastic_Asmodeus]

Can't wait to buy my new next cars online. So tired of these franchise dealers just ripping us off.

[@kclefthanded427]

That still a gamble especially on used cars

[@dinoclimaco3780]

All new cars are sold by dealers 😂

[@stonefox9124]

I've never had a dealer actually sell me a car... I've always been "shut up, go over there, leave me alone, I'll get u if I need u" a dealer is the most pointless job in all America...

[@Sarcastic_Asmodeus]

@@dinoclimaco3780 Tesla has dealers?!

[@MOCave7]

Dry rot is something else. Dead batteries, fluid drying or freezing up, wipers rotting as well, paint jobs fading out.....😅😂😅 Karma is the Goat.

[@johndef5075]

Exactly. My car is garaged every night. I dont want a new car thats been sitting outside for 4 months. That period of time in my state could range from 90 to -10 degrees outside.

[@MOCave7]

@johndef5075 That's a great habit to garage your investment. My mother has a red 19 Accord that is garaged at night and when she takes it in for service, they are in awe of the paint. They say it still has a shine like new and she has no scratches. My mother doesn't wax her car and she parks in handicap spaces, lol.

[@montegustafson5142]

My Take: The "payment" buyers are mostly tapped out (for various reasons) so what is left are the "price" buyers (like me, who can pay cash). But trend/price-wise, most dealers are following the market down (i.e. they won't take enough discount now to sell the vehicle, and it is only going to get worse). Blame that (as you have said) on the sales managers, many of whom if they don't lower their "out the door" prices are going to find themselves out the door.

[@EmmyPierz-ek7hi]

tapped out since January 20,2021 sure wonder WHY that is??? CB

[@waveoglesby2920]

If you want to blame someone blame the democrats, the FED and the Treasury Department. The democrats pushed out so much money over the last 3 years that the Treasury Department had to print trillions of dollars to keep up with the giveaways. Then your dollars were worth less so inflation took off and the car manufacturers could raise prices and dealers could as well because their customers kept buying cars at higher and higher prices. Then the FED had to start raising interest rates to slow all the demand down. So now you have high priced cars and high interest rates. Well you got what you voted for. Enjoy it!!!

[@adorduan1]

yeah, just ignore the 8 trillion in debt run up under the Trump administration. Ignore the trillions printed during covid for PPP and direct payment to people in 2020. Clown.@@waveoglesby2920

[@iowahank1]

Keep shopping. Eventually someone will make you the deal that you want.

[@iowahank1]

@@waveoglesby2920 excuse me. Wasn't the Dems that broke open the piggy bank. Unless you're a 1%er you didn't benefit from Trump's trillion dollar tax cut. You did however benefit from the Covid money that was given away under Republican leadership.

[@liamegan4303]

Hi Brandon. There is not one Person shedding a tear for these Dealers. When times were good they Robbed the Public and now there reaping their Rewards. Hopefully all these so called dealers will all get Repos. You Brandon buy with Cash so you can keep the prices down. Good on you bro. 😅😅 🇨🇮🇨🇮

[@carquestionsanswered]

Thanks Liam!!!!

[@liamegan4303]

@@carquestionsanswered Thanks Brandon

[@MichaelThomas-wb2xu]

Thanks for the lesson! It's always a good day when i learn something new. It looks like the EV bubble is about to burst, they can't sell em, and they are putting the brakes on building more...saw a video of 6 cars on chargers, over 20 more waiting in line so they could get home, who wants that?

[@brentftaylor]

I’ve never met a dealer that didn’t claim the model I was looking at wasn’t the most popular car ever and they’d never make another one, but it was my lucky day and they’d sell me one 😂

[@terrylessmann2274]

And my trade-in was the worst car in the universe when it came to value and desirability. Black Book always hated it.

[@DMS20231]

There are plenty of us that want to buy cars but refuse to overpay. You could do a bang-up business doing a fee-only escort of a buyer to an auction. I gladly pay you to get me into an auction. I’m a cash buyer but looking for something more in the $15-20k range. I actually need three cars before it’s all over. You get to make some profit on the sale of a car without spending or tying up any money or taking on any inventory risk. Now that I consider it, I can fix this in Texas. No more need for a dealer lot. I’m on it. Some of my friends are in our legislature.

[@jimmyhvy2277]

These are the Same Dealers that gouged the 5hit out of us . The Poor Beggars !

[@kenp9073]

Been subed a few months now. Ty for the new info on every video. I never knew the process these big dealers use to purchase their vehicles. Also helps bringing in other channels for their info as well. Thank you, good info.

[@fredh.1255]

Can’t feel sorry for any of these thieves. They have it coming to them. I’m not giving them a dime. I just carefully maintain my eight and nineteen year old vehicles. They still look great and are going down the road just fine.🤣🤣🤣

[@wileecoyote5749]

I just finished paying off my '85 Dodge Aries K 4 months ago, so I'm good.

[@thomasperina2990]

Hello Mr. & Mrs. Brandon: Thank you for this automotive industry + actual boots on the ground industry info. I must admit that I personally admire how you, your wife, & your crew run your business. I've seen 95% of your videos & you always buy / play your cards close to the vest + YOU DON'T LIKE DEBT !!! IVE seen many dealers stick it to customers so many times + that's the way they do business & couldn't care less .Hope you had a terrific Thanksgiving ???? TMP from N.J.

[@rnt45t1]

Bought a new battery for my car today. I'll do anything to keep from having to buy a newer car.

[@randyr4193]

I remember back in 2008..I was upside down on a car and dealerships were trying to take advantage of me. Screw them..I hope they all lose money.

[@Frank-nh9fe]

Another issue, gas gets stale after 6 months and many owner's manuals recommend oil changes in 6-12 months regardless of mileage.

[@Frank-nh9fe]

So all of those new unsold trucks sitting on the dealer lots for 1-2years+??? I guarantee that the dealers are not doing oil changes on all of their unsold inventory. Degrading by just sitting on the lot....@@WegotTheBOMB

[@ryproar11]

I can sum up why my local large scale dealer cannot sell cars right now. Used 2019 Ford Fiesta S - MSRP 21,450 new state msrp value 12,450 Dealer: 28,500. There is the issue. A used car costs more than a brand new car. And then they wonder why WE ARE NOT BUYING.

[@sana-cm7oc]

Smashing good video! Absolutely excellent. Zero fluff and tons of useful information.

[@carquestionsanswered]

Glad you enjoyed it!

[@robertgallagher7734]

Was looking at the new Jeep P/U or a Dodge 4dr 1/2t 4X4 a few years ago. Couldn't get a straight answer on a price & markups for nothing everywhere. Decided to just keep fixing my old truck. These dealers did it to themselves.

[@tyrantla7120]

I hope we don't end up bailing them out. I fear that we are. .. again.

[@vapsa56]

If there is a hint of that, call your congressman and senators and tell them that your vote is contingent on not bailing these companies out. And follow through. Make sure your friends and family do the same. Congress loves the money they get from these companies. But love votes more. They only charge when their job is on the line.

[@ReignForest]

Bradon, Thank You for the continued education regarding automobile purchasing, dealership and financing. One of the biggest issues which I believe you have addressed is the overpricing of vehicles (all vehicles not just luxuty). I have noticed the past year or more a15k to 30K MSRP price hikes. This latest video is scary as a consumer the interest rate and the overpriced vehicles seem to going to be around for a while.

[@JameyPetit]

Been looking for a used miata Mx-5. Some of the prices on a 10 yr old car are more than when new lol. I won’t be buying anything at these prices. I will literally drive my current vehicle till the end of time

[@EvySurvived]

Imagine charging $32000 on a 2014 very base model Toyota Tacoma with "supposedly" 59,000 miles. It lived in the eastern region" and CA only to retire in northern MN. P. S. ....it was a GOV. fleet vehicle and maintained meticulously but all maintenance records are not available. Now sitting on a lot since Apr. 24th 7 months. 14 years 59,000 miles. Cold started and the engine sputtered and the engine ran rough, bald tires underneath looked sketchy front end rusty and rear half looked freshly painted black

[@da4]

I e been hearing this story about dropping prices for 5 years. It hasn’t materialized. I even sold a sports car earlier this year anticipating that it’s value would be decreasing. Lo and behold, privies have gone UP. I’ll believe it when I see it moving forward. I’m holding on buying a new sports car because I just refuse to get hammered later 🤷‍♂️

[@trunkmonkey4938]

They can choke on these cars and trucks, I don't care! They don't care about us.

[@markadler8968]

My friend just had his 21 Ram 3500 written off by a drunk driver. He had replacement insurance but the dealers were saying that he had to pay 9% interest instead of the 4% he paid in 2021. He was pissed. I told him to go in there with an attitude and just tell them how it is and that they are lucky to have the business he is bringing in and to go to multiple dealers and have them fight for your business. One dealer caved almost immediately and he got his new truck for 1.9% interest and well over 10K off of the MSRP. Just because they say they won't lower their price doesn't mean they won't.

[@davidshettlesworth1442]

Thanks for an excellent video. I am learning a lot about the big picture of the car dealership game. Thinking of $50,000 cost for a car strikes me as insane! Carry On Sir!

[@mckensey17]

You’re a good guy for sharing all of this with us. The price gouging from these dealerships is insane.

[@HawkEyeJ85]

Good, I hope they do go under! I can't tell you how many times they tried to rip my arms and legs off. Every time I went shopping it was horrible. Don't worry, yall. I still got my limbs 😊. There's always the private market. screw dealers! We will wait and absolutely take advantage of them when the time is right. Door swings both ways dealers! Weve all been waiting. 😊

[@guytech7310]

Probably a lot of dealers will go out of business. We are probably heading into The Great Recession 2.0 soon. Maybe postponed since 2024 is a election year, but that seems a slim chance to me.

[@o-g-ob4399]

All new and used car prices are outrageous, but I had no idea that trunks and SUV prices were insane! Full size pickup trunks new or used should not cost over $40,000.

[@brandobecerro]

The dealership I bought my truck from pre covid keeps calling me to trade in for a new one. They surprisingly gave me a really good deal back then. But I am not looking for another vehicle payment. I’m about done making payments.

[@semlohde1]

I wondered a RAM lot while getting an oil change. I can't believe the stickers, and the financing is nuts. I can't afford new, at 75 and a 3.2% SS raise coming- I hope mine last till I'm worm dirt!

[@EmmyPierz-ek7hi]

Purina Worm Chow Chow-Chow-Chow

[@russelbrown6275]

If it wasn’t a dodge I would tell you that you have plenty of time but

[@iowahank1]

Same boat but will be turned to ashes.

[@guytech7310]

As a younger fellow (mid 50's) SS will never be available for me or younger generations. Retirement will be limited to the greatest Gen, Silent Gen, and boomers. We'll all be working until we drop. I suspect a lot of boomers will be forced out of retirement once inflation really takes off in the later 2020's, early 2030s. US Debt to GDP is at about 375%. Only way will be hyper-inflation to default on it.

[@mharris5047]

@@guytech7310 I came in at the tail end of the Silent Generation. I did better than most retirees because I worked for a state university for so many years and ended up with a nice pension out of the deal. I am not spending two to five months of my retirement on a new vehicle until I am forced to. My current van is rusting away to nothing but still runs great so I am keeping it on the road. When the van becomes unsafe or needs an expensive repair (think engine or transmission) I will have to get off of my money and replace it. Until then, I will keep replacing tires, spark plugs, plug wires, exhaust parts, etc. (I put a battery in it earlier this month) on it as they need replacing.

[@shoreitupshop]

I needed a new car over a year ago. But corp greed is insane and I wont do it. Ive been driving one of my parents extra cars (older yukon they use to tow a camper). I will wait. I also did not partake in Black Friday this year. Im done. Im tired.

[@jessies6502]

And in the meanwhile, there are people out there who desperately need a car, who can't afford one. Well, the good news is, junk cars can be recycled. There sure are going to be a lot of them...

[@Dxeus]

Black Friday's looking pretty empty, huh? If folks are struggling to buy basics like socks and sweaters, there's no way they're splashing out on big stuff like cars and SUVs. Looks like we're hitting a recession.

[@EvySurvived]

We're in a not so silent depression

[@jiminauburn5073]

My friend bought an F-150 Lightning Pro today. He foolishly paid a $11,000 market adjustment on it. No way I would have ever done that. They complain they have too many vehicles, and too many EVs on their lots, yet they still want $11K over MSRP.

[@andyhuang7526]

Your friend is a millionaire? Or he just wants to impress his neighbors and friends? 😂😂😂😂😂😂😂

[@bdun1226]

They still want it because there are still people who will pay it…. Your friend did.

[@paullang1505]

This is 100% caused by dealer and manufacturer greed. I'm in the market for a newer used vehicle, but still unimpressed with dealer pricing.

[@LHoop]

I liked Car Edge Zach video clips. Great collaboration. You and Zach and Ray make a great trio.

[@carquestionsanswered]

Glad you enjoyed it!

[@LHoop]

@carquestionsanswered I saw that you walked by an izusu rodeo on your lot.. I know you don't like to advertise you dealership, but could you let me know the price and condition (a link to the listing, or video) I have been looking for one for years. I had one years back and loved it, but totalled it in a snow storm going home from work(b/c they would not close early). I hope you had a great Thanksgiving with your family. Thanks

[@ImmortalThanos]

I have no pity for most dealers. They were a major factor in what caused the current mess we're in.

[@CIAG4PNP]

Here in southern California is a nissan dealership that has a full lot and no customers. Noone can afford to buy them 😂🤣

[@SamSteeles]

Dealerships are just large customers (that can't make their payments).

[@claudehall7889]

i have a $3500 rule. Regardless of my vehicles value if i can spend +/-3k and drive it for a year i will replace a bad engine transmission etc. instead of buying another vehicle. If you have a low hassle vehicle ie one that does not have every bell and whistle that will nickel and dime you to death you are better off fixing it than buying something that someone else got rid off. $3500 is not many new car payments in today's market

[@jamesramirez5276]

I’m interested in buying a Truck, but HELL NO to these EGREGIOUS RIDICULOUS Prices!

[@novastorm]

They had no problem jacking up the prices since 2020. I'll sleep tonight.

[@josephshackleford1]

I got a ‘22 manual Corolla hatch in ‘21 for under MSRP, no dealer addons, and 2.7% APR. I’ll never get rid of it lol

[@TheRiiiight]

Never be the sucker that bails out another man's stupid finacial decisions. Dealers deserve a kick of reality that a 2022 dry rotting in the sun is not a 'New' car. It's just a low mileage used car.

[@KevinB-pd3me]

They might prefer selling them as used cars. They can make up some of the price drop by charging higher interest on the loan.

[@Thatoneguy-e2f]

Good, price gouging and insane prices from the manufacturers on vehicles progressively having more problems and harder to work on.....

[@bryanspayde5681]

Remember if a car is over 10 years old banks won’t touch it. 9702 miles on the odometer it doesn’t matter.. the car I won’t to buy is priced hire than it sold for new …. The market is so screwed..

[@Cogmonkay]

All the Tracker boat yards and CAT dealers i drove by this week were absolutely as full as I've seen them

[@markwood5382]

They do NOT make a Jeep that is worth $100,000 say nothing about $124,000, same with the Ford F 150's not worth $50,000. Let the dealer go out of business, they were the ones stupid enough to pay to much for a POS the manufacturer is asking way to much for, GREED!

[@WilliamCooper-l6f]

What sucks, is at the end of the year, they have to include all the unsold vehicles as part of their assets and pay taxes on each car and truck. That means that dealerships are going to sell their inventory at a huge discount, in hopes of unloading as much as possible. If they survive, they'll go one additional quarter to sell corporate and county vehicles that are ordered through them, then probably go out of business at the end of that quarter.

[@scotthopkins2235]

I could care less how tough the dealers have it. I'm still seeing cars (Repos) with 3k miles on them still marked above MSRP or right at it. Talk about digging your own grave, theses dealers are 6 feet deep and still digging. You are correct lots are getting FULL even Honda lots have NEW Hondas in my area. Toyota has not got the memo yet that people can't afford 5k over MSRP even though they are trying to sell repos at or above new MSRP like it's a great deal.

[@308dad8]

I knew a small tote the note dealer. He charged whatever he had in the cars for his down payments. Didn’t borrow for inventory. Sold some junk but what used dealer doesn’t? Anyway these dealers see the prices tripling and decide to bet the farm on a mortgage for a new vehicle in every parking spot and I’m supposed to care they’re going out of business?

[@maraudostrogoth747]

Had the dealers been smart and not greedy, they would have been banking or otherwise investing all of the rediculous markup money they had been making over the last few years so they could have sufficient cash on hand for when things dry up.

[@rle737ng]

And yet, I'm still seeing ridiculous dealer markups.

[@billydavidsonvip]

Absolutely love this channel!

[@carquestionsanswered]

Glad you enjoy it!

[@lbeliel4128]

Yep, me too!