Car Prices are Dropping Like a Stone

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Scotty Kilmer

Scotty Kilmer

Жыл бұрын

Car Prices are Dropping Like a Stone
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This is the people's automotive channel! The most honest and funniest car channel on KZbin. Never any sponsored content, just the truth about everything! Learn how to fix your car and how it works. New video every day! I've been an auto mechanic for the past 53 years and I'm here to share my knowledge with you!
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Пікірлер: 926
@scottykilmer
@scottykilmer Жыл бұрын
Thanks for watching! Like and Subscribe for More Vids Daily ► kzbin.info/door/uxpxCCevIlF-k-K5YU8XPA
@stevechance150
@stevechance150 Жыл бұрын
And The Federal Reserve keeps jacking up interest rates, which makes buying a car with a car loan more expensive. So people are holding onto their current car and staying out of the car buying market.
@kilojeromesmith4488
@kilojeromesmith4488 Жыл бұрын
We miss ya here in Texas Scotty. I’m almost tempted to drive up there just you could fix my brakes on my F150. God bless Texas
@Shadowjester1985
@Shadowjester1985 5 ай бұрын
I don't know about car prices, but my IQ sure did drop like a stone after watching this idiot's video.
@AustinWestbro
@AustinWestbro Жыл бұрын
“There’s no such thing as too much denim” - Scotty Kilmer
@themachine8009
@themachine8009 Жыл бұрын
😂😂😂
@juchou2983
@juchou2983 Жыл бұрын
I have denim shoe.. Should I send it to him..
@timothyjones3410
@timothyjones3410 Жыл бұрын
Texas Tuxedo, but he wears it well.
@benm4249
@benm4249 Жыл бұрын
Amazing quote hahaha
@generalnguyenngocloan1700
@generalnguyenngocloan1700 Жыл бұрын
@@juchou2983 👍🏻
@botruong5083
@botruong5083 Жыл бұрын
Don't buy unless you absolutely have to. RESIST THE RIP OFF!!!
@BrandonWest87
@BrandonWest87 Жыл бұрын
We bought used. 2014 Navigator L 4x4 with HD Tow Package. 140k miles and $15k OTD. Vehicle has extensive service records and a damn near 10 page CARFAX. I do all my own maintenance. If it lasts us 10 or so years, I’ll consider it money well spent
@wanderbread4217
@wanderbread4217 Жыл бұрын
​@@BrandonWest87 everything is a risk. Nothing is a sure thing with cars
@tighttony386
@tighttony386 Жыл бұрын
@@BrandonWest87 lol that navigator ain’t lasting more than 50m more miles..
@BrandonWest87
@BrandonWest87 Жыл бұрын
@@tighttony386 50 million? I’ll take it.
@tighttony386
@tighttony386 Жыл бұрын
@@BrandonWest87 dude bought a 140k mile Lincoln and wants it to last ten years…. What’s the point in watching Scotty videos to just do the opposite.
@jamesphilip6737
@jamesphilip6737 Жыл бұрын
New AND used vehicles are ridiculously expensive.
@keepmoving2023-ku7nb
@keepmoving2023-ku7nb 7 ай бұрын
Exactly 💯 the used cars cost just as much as the new cars .buy a car cash and keep it moving
@durkee12
@durkee12 6 ай бұрын
​@@keepmoving2023-ku7nbSo true. CASH IS KING!
@ko2qx
@ko2qx 6 ай бұрын
one year later they still are LMAO
@flowergirlabc123
@flowergirlabc123 6 ай бұрын
Prohibitively so. I've never been without a vehicle for so long. It's so hard.
@mike26138
@mike26138 6 ай бұрын
The car will fail before it is paid for
@Mike__P
@Mike__P Жыл бұрын
They don't have to lower the price when people keep paying the high prices.
@dereksans2623
@dereksans2623 Жыл бұрын
Lol demand
@Brian01987
@Brian01987 Жыл бұрын
I just paid MSRP on a 2018 ZL1 Camaro lol
@markbrown8097
@markbrown8097 Жыл бұрын
Don't be like Brian.
@dereksans2623
@dereksans2623 Жыл бұрын
I always trying to shop around for the lowest price.
@fenderbender5987
@fenderbender5987 Жыл бұрын
High demand vehicles will maintain their prices but lower demand vehicles sitting on the lot will drop or go to auction.
@lawrencepowell633
@lawrencepowell633 Жыл бұрын
The prices of higher trims haven't budged much. I'm still holding out
@TBlake
@TBlake Жыл бұрын
They will. I follow Audi Dealer who I've yet to do business with (they've been charging funny prices on cars even pre pandemic) So many prestige trims now sitting. Top trims were having issues with production because of the tech and chips in them but now its caught up. Even top trims make sure you ask dealer for build code as many things are still omitted, and they don't give you the build credit like they should.
@durango8882
@durango8882 Жыл бұрын
I don’t know one person who’s even considering buying a new car or truck🤷🏻‍♂️
@TBlake
@TBlake Жыл бұрын
@@durango8882 same tbh
@jalenking810
@jalenking810 Жыл бұрын
@@durango8882 I sold 28 last month so I know a few lol
@wolfshanze5980
@wolfshanze5980 Жыл бұрын
if anything is dropping, it's gas-only cars. Hybrids and EVs are still mythical Unicorns on dealership lots that have to be ordered and still command a premium.
@690sm
@690sm Жыл бұрын
Lesson is never be afraid to walk away...
@AlanSmitheeman
@AlanSmitheeman Жыл бұрын
And not just for purchasing a vehicle, but for all business negotiations.
@joefunk76
@joefunk76 9 ай бұрын
Especially if car prices are too high to drive away. 😂
@gvet47
@gvet47 Жыл бұрын
I remember when getting a loan to buy a car was 36 months and thought that was bad but now it can be 66 months! Some cars are more than what I paid for my home just 8 years ago!
@josephschumacher2088
@josephschumacher2088 Жыл бұрын
You can now do 10 years on auto loan
@gvet47
@gvet47 Жыл бұрын
@@josephschumacher2088 That would be like buying it twice! 😥
@hunterscrackdealer6650
@hunterscrackdealer6650 Жыл бұрын
10 years, 2.75%…. I’d take that in a heart beat… paying it back with Bidenflation Dollars…
@hustedmobiledetailing2040
@hustedmobiledetailing2040 Жыл бұрын
Welcome to inflation lol
@brandondennis7197
@brandondennis7197 Жыл бұрын
I assume you'd be surprised to know Car loans can have repayment terms as low as 12 months and as high as 180 months or 15 years
@steven8725
@steven8725 Жыл бұрын
Just checked… nope , still expensive!
@sixaethereal5011
@sixaethereal5011 5 ай бұрын
1 year later, still expensive
@infantrymusic6371
@infantrymusic6371 5 ай бұрын
@sixaethereal5011 3 weeks later, still expensive.
@n00boob89
@n00boob89 Ай бұрын
@@infantrymusic6371yep
@johnsmith-gt3po
@johnsmith-gt3po Жыл бұрын
Scotty is right, too many cars. I'm salesman in Toyota dealership. 👍😁
@jasonb1159
@jasonb1159 6 ай бұрын
Any old Tacoma stock?
@dbdouglas
@dbdouglas Жыл бұрын
I'm still driving my used car (2002) that costed 3.4k, nearly 6 years ago. Some people have paid more for car washes over the years than I did for my car!!!
@hoosiernative9668
@hoosiernative9668 Жыл бұрын
The average person might not know but car sales men are the perfect people to negóciate with if you know what the real cost of everything is. I once told a salesmen no about 15 times and because it’s not the deal I wanted about a week an a half later he called me back and says “hey I managed to get the deal you wanted.” After a week of not selling anything or very little trust me they’ll be looking for you😂
@Anthony-gy9ze
@Anthony-gy9ze Жыл бұрын
Even if you’re financing?
@hankhill3417
@hankhill3417 Жыл бұрын
Just leave your card and say “ call me when you’re ready to make a sale” the power of walking away and meaning it is the best negotiation tactic. With women as well. Call them on their crap and walk
@hoosiernative9668
@hoosiernative9668 Жыл бұрын
@@hankhill3417 that’s what I did to this guy that wanted me to put 9,000 down on a 2013 Lexus. I laughed got right up and walked out. I kid you not he kept calling me and texting me all the time until I told him I already bought a car.
@hoosiernative9668
@hoosiernative9668 Жыл бұрын
@@Anthony-gy9ze you can finance any deal you want you don’t have to go with what they tell you just be patient and go to different places and look around, also do your research on how much cars cost. Just because a dealership has a car for 20,000 it doesn’t mean the car is worth that. A lot of people just agree to any deal cuz they’re desperate to get a new car or fell in love with the car they test drive and now will pay anything just to get it. Don’t be that person. Be patient.
@jalenking810
@jalenking810 Жыл бұрын
I laugh when a customer plays it like you do cuz I sell the car you want that same day to someone else that doesn’t think they’re the smartest person on the planet. Sold 28 last month and held gross cuz I don’t deal with people like you
@danscaglione2102
@danscaglione2102 Жыл бұрын
Just remember those Dealers that marked up the sticker. Don't buy it there. Tell them they are too greedy
@stephenrogers4537
@stephenrogers4537 Жыл бұрын
Scotty👑, Elvis had nothing on you BROTHER!
@jacobwilliams5271
@jacobwilliams5271 Жыл бұрын
This needs to happen to the housing market
@TrenchcoatNinja3
@TrenchcoatNinja3 Жыл бұрын
Needs to happen in every market.
@chlova05
@chlova05 Жыл бұрын
Scott Kilmer! The conductor of automotive orchestration
@F_C...
@F_C... Жыл бұрын
Asian brand dealer lots that were nearly empty a few months ago are now half-full in my area. American and European lots have been full all year though, nobody wants to buy them especially Chrysler lots.
@mister62085
@mister62085 Жыл бұрын
One thing I notice in all the used lots where I’m at in southern Maryland is you’re not seeing Hondas and Toyotas
@raymondreiff8170
@raymondreiff8170 Жыл бұрын
Right that ANY used Car lot, It's like someone already bought them ALL❗ Wow people are actually getting smarter, I am a little impressed 🤓, Honda hasn't let me down unless something REALLY Stupid happens, Others completely FAIL 😁.
@farhanmohammed1059
@farhanmohammed1059 Жыл бұрын
Toyota and Honda on route 40 both are empty with like 5 cars in them
@electriceyeball
@electriceyeball Жыл бұрын
On my 7th Japanese vehicle - 2013 Toyota Camry. Most reliable, toughest, easiest to work on sedan I could've wanted
@raymondreiff8170
@raymondreiff8170 Жыл бұрын
@@electriceyeball Right it's nice only having to do Normal maintenance, That doesn't include replacing engines and Transmissions, then the Car needs to be replaced, It's amazing How Stupid people are overpaying for GARBAGE Cars, Not including Toyota's or Honda's, Most other Brands are just JUNK💥, Only a few ok Cars here and there
@JohnRizk
@JohnRizk Жыл бұрын
In Michigan as well, barely any Toyotas and Hondas in the lots of the dealership too
@kevinsteele8613
@kevinsteele8613 6 ай бұрын
I just bought a 23 ram. The 24s went up 5k. For the same thing. I was looking at the company's website. They still had new 22s sitting
@75egcg
@75egcg Жыл бұрын
I went car shopping last year and the brand new vehicles were waaaaay overpriced. My friend bought a brand new ford edge or whatever. He paid something like $50k. The things resale value is like $12.00
@k.h.489
@k.h.489 Жыл бұрын
😂😂😂 Good one!
@user-rq3vt4kg4o
@user-rq3vt4kg4o Жыл бұрын
$50k for this? It’s crazy!
@4g63t8
@4g63t8 5 ай бұрын
Should be 28k max new. It’s not a special vehicle in any way.
@jeffhawkins8921
@jeffhawkins8921 Жыл бұрын
Still struggling to find a new car close to msrp In Florida. Dealers still asking 5k-10k markup. Holding out but it seems people are just buying them at asking price without negotiating.
@t.martin3179
@t.martin3179 Жыл бұрын
Given your location part of me wonders if there isn't a regional shortage because of vehicles damaged in the hurricane.
@ghhm2705
@ghhm2705 Жыл бұрын
Yeah look out of state, Jeff. Someone just posted they bought a 2023 Toyota for $1700 under msrp. A Seattle dealer is advertising they’re selling at msrp now. Keep looking around, decide on the exact make/model/trim you want and use your leverage. Do not walk onto a lot. Call them and ask for their best “out the door” price. Get multiple quotes. Pick the lowest two and go head to head to see if either one will budge a little more. Its a game and you’re the one to call the shots.
@XroorX
@XroorX Жыл бұрын
Always buy last month of the year. Super Bowl weekend if possible. Know your max. Be ready to walk away. Pit dealer against dealer
@ghhm2705
@ghhm2705 Жыл бұрын
Thank you. Kevin the Homework guy’s advice too
@smplfy
@smplfy 6 ай бұрын
I tried this and walked. Those a--holes will always try to screw you on your trade-in. I could get more selling private and still get the truck I wanted, but the fact they tried to screw me was an instant walk for me.
@valeriejensen983
@valeriejensen983 Жыл бұрын
If they don't lower, the vehicles WILL continue to sit. You have to be careful 'cause DEALERS NEW OR USED WILL RIP PEOPLE OFF!!!! THANKS SCOTTY YOUR SUPERB!!!!❤️😎👍😊
@MeowStationOrignal
@MeowStationOrignal Жыл бұрын
This video aged like milk! They still want 30K plus for a car that’s 25K MSRP…. Explain that Scotty?
@jungletension2835
@jungletension2835 Жыл бұрын
The sales lady at Sandy Sansing Toyota in Pensacola Florida told me we had 5000 on top of the MSRP take it or leave it I left it
@ghhm2705
@ghhm2705 Жыл бұрын
Call her (or just email her) there are Toyota dealerships advertising “selling new 2023’s at MSRP”. 🤨 Ok it’s across the country but you don’t have to mention that lol (Burien Toyota in Seattle)
@johnfrancis4407
@johnfrancis4407 Жыл бұрын
Here in California Used car prices haven’t dropped at all. Some fixed price dealerships will sell their new cars at MSRP and make you feel you’re getting a good deal. When actually you would be spending 2,000 to 3,000 over invoice price ! Depending on the vehicle can be even more…
@baddecisionsoff-roading3243
@baddecisionsoff-roading3243 Жыл бұрын
Funny part is the mass amount of repos going on through out the states. I wonder where all those vehicles are.
@Xander-86
@Xander-86 Жыл бұрын
Better to buy them new then used. FB marketplace car sales are ridiculous. People selling their used junk for new prices.
@stizzaveli
@stizzaveli 6 ай бұрын
Right
@moderngod1
@moderngod1 Жыл бұрын
I can’t wait for the days dealerships go under
@be4unvme
@be4unvme Жыл бұрын
Well the auto industry is like a very slow sinking ship but they will try to take as many passengers as they can. You're seeing it with insane markups and now subscription based hardware services.
@ralphtom3431
@ralphtom3431 Жыл бұрын
haha they'll just bail them out with your tax dollars like GM
@corneliusfuller5978
@corneliusfuller5978 Жыл бұрын
Yes 👍
@solomonstello
@solomonstello Жыл бұрын
I can't wait either.
@snail847
@snail847 6 ай бұрын
AMEN !¡!!!!!!
@1_D333
@1_D333 Жыл бұрын
anybody got denim gloves? send it to Scotty
@mariepaukowits1709
@mariepaukowits1709 Жыл бұрын
Lol
@solomonstello
@solomonstello Жыл бұрын
How about a denim hat?
@davekeller2798
@davekeller2798 6 ай бұрын
GOOD ADVICE SCOTTY ! Know the price numbers, before you buy, know when to walk away. Don't ever let them know uou have a trade- in, till the deal on the new one is done.
@realsushrey
@realsushrey Жыл бұрын
In his other life, Scotty was a dancer.
@juanvaldez8420
@juanvaldez8420 Жыл бұрын
Orchestra conductor
@thomaslong8448
@thomaslong8448 Жыл бұрын
I got dizzy watching him talking.
@pantysnifer927
@pantysnifer927 Жыл бұрын
I thought he was in fact the Scotty from the Star Trek films?
@solomonstello
@solomonstello Жыл бұрын
😆
@STEVEN-ds7cl
@STEVEN-ds7cl Жыл бұрын
Scotty was a former symphony conductor.
@ncd7184
@ncd7184 Жыл бұрын
lol!🤣
@safisafari2223
@safisafari2223 Жыл бұрын
😄
@jamesthefisherman1060
@jamesthefisherman1060 Жыл бұрын
I’ve heard Black Friday retail sales were down this year due to inflation. I’m assuming car sales are the same.
@realoun1
@realoun1 11 ай бұрын
"chip shortage" bet lays didn't have that problem
@lights6833
@lights6833 6 ай бұрын
Don't be afraid to walk away. I was at a Ford dealer in 2006 and I wanted to buy a new, plain F150, V8, automatic and this young kid salesman told me all they had were jacked up, big tires, 4 speed, stick-on - the - floor pickups. I said: "Ok, I'll go check with another dealer." Then he said: "Oh, look, we have a regular pickup just like you want over here".
@Zebra_3
@Zebra_3 Жыл бұрын
my local Honda dealer's showroom is no longer empty.
@BigEightiesNewWave
@BigEightiesNewWave Жыл бұрын
what is in there ? People ?
@brianp5958
@brianp5958 Жыл бұрын
Same I had been in correspondence with a VA for about two months finally went in to test drive the car which was an hour drive from my house and I get there and I couldn’t test drive the car because “someone put a deposit on it” .
@Zebra_3
@Zebra_3 Жыл бұрын
@@brianp5958 Honda came to my house for the test drive back in 2016.
@phillyphilhouse79
@phillyphilhouse79 Жыл бұрын
Both of the Honda dealerships showroom Is empty. Used lot’s packed though
@Antares_451
@Antares_451 Жыл бұрын
Used cars/trucks prices also fell by 2.6% last month..
@iamtheonlywilly
@iamtheonlywilly Жыл бұрын
I typically go to five or more dealerships and search online. There’s also websites that’ll look for you. All you have to do is put in the radius of how far you’re willing to drive! That’s what I did and found a super good deal. The local dealerships were stubborn I guess because people weren’t negotiating.
@eugenescherzinger4395
@eugenescherzinger4395 Жыл бұрын
Going to 5 dealers is a complete waste of your time. And wasting time is wasting money Jack
@iamtheonlywilly
@iamtheonlywilly Жыл бұрын
@@eugenescherzinger4395 I'll go to 10 if it can save me money Jack!
@eugenescherzinger4395
@eugenescherzinger4395 Жыл бұрын
@@iamtheonlywilly time is money silly Willy…no reason you should ever have to leave your house to get a good deal on a car in 2022
@iamtheonlywilly
@iamtheonlywilly Жыл бұрын
@@eugenescherzinger4395 true. I had to learn the hard way but like i said I ended up finding a better deal using an online company to search for me
@carolr.1799
@carolr.1799 Жыл бұрын
​@@iamtheonlywilly what online company did you use?. Looking for a car for college. Thanks in advance!
@optimusprime1634
@optimusprime1634 Жыл бұрын
Dealers are still not really lowering prices. Saw a brand new F-150 limited yesterday priced at $82000 and 10 years ago, you could buy a brand new limited supercrew F-150 for 40-45k. Most used cars are overpriced by 10-30%. Used Mercedes GLS450 (2019) with 60k miles selling for 45-50k when they should be about 35k
@Dee_Rod
@Dee_Rod Жыл бұрын
Used car prices are still nuts! Apparently dealers bought when prices were high at auction.
@johnjenkinsmusic1
@johnjenkinsmusic1 Жыл бұрын
I bought my new SUV on Black Friday. $1000 of MSRP plus $500 off special. No taste involved. I had waited for two months for the prices to come down in my region. Would've saved even more had I flown to another state and driven back home.
@thefontzchannel
@thefontzchannel Жыл бұрын
I bought a '23 Toyota Tacoma TRD Off-road last week for under MSRP and a very good trade in offer on my '13 Jeep Rubicon.
@scarfacen8459
@scarfacen8459 Жыл бұрын
What price did u get it at?
@mobg813
@mobg813 Жыл бұрын
​@clxxd9992Yes because Jeep's are overrated and bland vehicle's
@newbluerugby
@newbluerugby Жыл бұрын
“Less than MSRP” doesn’t mean Invoice
@joshuajerome2232
@joshuajerome2232 Жыл бұрын
You can’t buy a vehicle for MSRP😂
@thefontzchannel
@thefontzchannel Жыл бұрын
I got the Tacoma for 39,245.00 before tax and all that stuff but yes the Jeep had over 120k miles on it was costing me 2k a year on engine issues. I loved that vehicle it just didn't fit into my financial plan.
@SeudXe
@SeudXe Жыл бұрын
People always say prices will drop soon and it never happens. Ill believe it when I see it.
@johnsee7269
@johnsee7269 Жыл бұрын
God bless Scotty Kilmer!
@ThomasWBaldwin
@ThomasWBaldwin Жыл бұрын
stones are getting expensive as well.
@The1TheOnly11
@The1TheOnly11 Жыл бұрын
Such a scam. I just left a dealership the other day and they were selling most cars 5 - 10K over MSRP. It’s insane
@Jamesthor
@Jamesthor 6 ай бұрын
You can get a bronco fully loaded with $14,000 worth of discounts in Texas. This is a buyers market.
@richardm4706
@richardm4706 Жыл бұрын
The only used cars in Japan that are selling for peanuts are Volvo S40’s. Nothing about them is cheap to fix and only dealers can do most repairs. I probably spent more on annual maintenance costs since 2008 then I originally paid for the car when I bought it new.
@fazole
@fazole Жыл бұрын
Is that because of the very high inspection standards? I have 2 Japanese cars, 10 and 20 yrs old. They have required NO major maintenance and have about 160k miles.
@richardm4706
@richardm4706 Жыл бұрын
@@fazole - Japanese car maintenance here is not as bad as Volvo or Mercedes, but they can still get you. cars must be inspected every 2-years by law. The term is shaken (sha 車 ken 検), a policy that pressures people to buy new cars and creates a steady cash flow to the government in taxes and to all the businesses authorized to inspect and repair cars. On tip of this is annual road tax that funnels a lot of cash to local governments. The bigger the car, the higher the tax.
@gorillaninja78
@gorillaninja78 Жыл бұрын
Not dropping here in Canada sadly
@hisokamorow8388
@hisokamorow8388 Жыл бұрын
Can the same be said about used cars? I’m looking at getting a 2020 Camry XSE but not paying more than $30K OTD.
@ronjohnson9032
@ronjohnson9032 Жыл бұрын
I just watched a commercial for Chevrolet, and they are taking big dollars off of MSRP. Chattanooga, TN.
@bryang9290
@bryang9290 Жыл бұрын
I’m noticing pretty big drops in used cars and sales again on new cars
@GhostLadCrypto
@GhostLadCrypto Жыл бұрын
I love you scotty the only man I trust in the automotive industry
@BluuJourney
@BluuJourney 6 ай бұрын
Same thing I was saying about the RV Inventory. The prices are crazy. But they got nothing but inventory from last year still sitting on the lots.
@ImigrentfromMars
@ImigrentfromMars Жыл бұрын
when you can get a used car or truck then do the repairs even if it cost you 20g your still saving thousands and now you don't need to worry about a scratch or dents. I had 3 news cars and was a target for shopping carts and bad drivers
@ghhm2705
@ghhm2705 Жыл бұрын
Agree. But. Sometimes life happens. My mom was widowed at 40 years old, no family around and not a us citizen. She had to bust her rear end to raise teenagers on her own, keep the lights on and pay off my dad’s medical bills (no life insurance). My dad was her mechanic and they always paid cash for used cars. When the family car died in our driveway, she walked to the nearest dealership. She had to. No cell phones or Carvana in those days. But she’s bought only 3 new cars over the last 30 years. She drives them about 10 years or until her grandkids say “ok that’s enough Granny, your car is not safe” 😆 God is good. She’s retired comfortably and just bought her “last new car”, a Honda.
@ryker4124
@ryker4124 Жыл бұрын
I've never paid MSRP.
@tommarinevet
@tommarinevet Жыл бұрын
Was going to buy a new truck but due to the games and high prices I'll wait a couple of years until they start begging you to buy one...
@jaycezeniuk2506
@jaycezeniuk2506 Жыл бұрын
Keep dreaming bud, this is what they want. More poor people unable to afford an ice vehicle…
@tommarinevet
@tommarinevet Жыл бұрын
@@jaycezeniuk2506 no dream..I just keep my money and drive my old one...no biggie
@535banshee
@535banshee Жыл бұрын
@@tommarinevetA smart man here. We went from 2 cars to one and best decision we made.
@Miamiboozecruise
@Miamiboozecruise Жыл бұрын
The market is flipped. Car buying services are paying bottom dollar yet they prices are still high.Carvona and carmax offered me 15k Less for my Rdx then what I paid last year and the car only has 20k miles. But when you look for cars on their site prices are still high
@ghhm2705
@ghhm2705 Жыл бұрын
Yeah they’re hurtin. Someone said Carvana has cut hours.
@swampscuzz9822
@swampscuzz9822 Жыл бұрын
Scotty actually did a short over this about a year ago. I remember him mentioning how the houss bubble and car bubble ends up popping after sometime. Here it is, starting to go down and now everyone knows he was right:)
@Arz2003
@Arz2003 Жыл бұрын
Cars still pricy as hell here in California
@sammysosa4252
@sammysosa4252 Жыл бұрын
I know right? I'm in San Jose, I'm guessing Tennessee is different
@mikeblaz
@mikeblaz Жыл бұрын
Expensive rent/houses, expensive cars, expensive gas...why the hell do normal people live in CA.
@billnye5183
@billnye5183 Жыл бұрын
@@sammysosa4252 for a million dollars In Cali if you go to Tennessee with a million that’s a mansion with at least a 3 car garage
@Lexibeez8907
@Lexibeez8907 Жыл бұрын
@@mikeblazthey’re not normal people
@HowboutThese
@HowboutThese Жыл бұрын
Depends on what you're buying.
@sloanmagnum5009
@sloanmagnum5009 Жыл бұрын
Toyota price isn't going down. Those vehicles are worth their weight in gold. A decade of Scotty saying how good Toyota is confirms this
@ghhm2705
@ghhm2705 Жыл бұрын
Someone just posted they bought a 2023 tacoma $1700 below MSRP, in New York. Ive got a dealer in Seattle advertising they’re now selling “at msrp”.
@tonymontana3742
@tonymontana3742 Жыл бұрын
My 10 year old Ridgeline is 2nd on the list of longest lasting light duty pick up trucks. #1 is the Tundra.
@ChrisCokeRobinson
@ChrisCokeRobinson Жыл бұрын
Where man? Cause definitely not here in Europe, or at least Spain :(
@jimmyo9126
@jimmyo9126 Жыл бұрын
It’s in the US. The core cause is because of inflation, we have aggressively increased interest rates. People here cannot afford to buy a car on borrowed money increasing inventory. Also, the strong dollar overall helps with energy costs from abroad.
@raceenergy6951
@raceenergy6951 Жыл бұрын
Yeah I'm not buying new way too much you hearing me out there!!! "take it or leave it" 😂I'll leave it until then you retailers better start dropping prices!
@Majorbobbage1
@Majorbobbage1 Жыл бұрын
I saw a report from PwC about a year ago that talked about this, and it's about on schedule in terms of coming down from peak pricing. Another 6 months to a year and things may be back to normal if not better than before.
@jamesjirik2245
@jamesjirik2245 6 ай бұрын
I called Aron even to the cheaper dealerships like Hyundai and Kia and they’re all ridiculously priced
@mikimiki195
@mikimiki195 Жыл бұрын
I’m so glad times are over when you go to dealer they acted like complete jerks. “If you don’t buy it guy behind you will” Well good luck with that now nobody is buying
@jamesblume9567
@jamesblume9567 Жыл бұрын
Yeah, but electric or gas ; and gas going up, and not enough charging stations ... America gonna be so screwed either way LoL 🤣🤣😆
@clownfish7776
@clownfish7776 Жыл бұрын
Don't walk into a dealer and pay the outrageous, inflated prices. This practice will not stop unless people say enough and start taking actions.
@donnamarshall3784
@donnamarshall3784 Жыл бұрын
Americans are incredibly unprepared to negotiate and stand their ground.
@MDC2020
@MDC2020 Жыл бұрын
As a guy that flips cars, Lower cost of cars maybe...but lower cost in Trucks nope! Not going to happen any time soon. Even the cost of a used truck 5 years old is still brining 90% of it's retail price.
@hp-je1cy
@hp-je1cy Жыл бұрын
Hey Scotty can I please ask if you think Ceramic Coatings are worthwhile? Thanks
@asaffarfar1529
@asaffarfar1529 Жыл бұрын
He’s been saying no. Always says Nufinish four times a year.
@michaelangelo5783
@michaelangelo5783 Жыл бұрын
Yes, if you have a garage to DIY it in. You can buy a nice dual action (DA) polisher, pads, clay bars, ceramic coating, etc for around $350-400. Opt for the harbor freight Baur DA and you can get it down to $250-300 total. A leisurely 3hrs or so on a Saturday AND Sunday and you'll have completed a job that would cost $1,200 to $2,000 at a professional detail shop and it will look 95% as good.
@cherylcampbell7495
@cherylcampbell7495 Жыл бұрын
I follow a family from Germany. No one is allowed to buy anything other than Germany made vehicles from now on. No more imports. What do you think will happen in America going forward?
@GT-pl1wx
@GT-pl1wx Жыл бұрын
As a German car enthusiast I can tell you that this is not the truth!
@hosslane320
@hosslane320 Жыл бұрын
The ol hitler cars from Germany . Keep em .
@michaeljmobley
@michaeljmobley Жыл бұрын
Dealers could afford hiking prices when interest rates were near 0. Not the case now.
@raulmartinez3484
@raulmartinez3484 Жыл бұрын
They have to lower it too because of the higher interest rates. No one is going to want to buy a car at $40,000 plus with 18% interest.
@ghhm2705
@ghhm2705 Жыл бұрын
My credit union was 4.74% , as of Dec 15th they’re now at 5.99%
@wilyceyote
@wilyceyote Жыл бұрын
We’ll see in 2023 if the new car market drops I highly doubt it
@34JOSH212
@34JOSH212 Жыл бұрын
Scotty is a folk hero and he is modern time’s Don Kishot
@crtl5911
@crtl5911 Жыл бұрын
that depends on the country/dealer or person, I know some ppl that will rather their vehicle rust to ashes than drop a penny...
@bahhaziz
@bahhaziz Жыл бұрын
Are you sure? I heard you saying same thing weeks ago
@Pipip350
@Pipip350 Жыл бұрын
People like him keep posting the same thing just for views. They don’t know a damn thing about the market and they don’t care. And none of them mentioned the increaseing loan rate. All they do is pleasing those who wants the car price drop.
@andrewdishman335
@andrewdishman335 Жыл бұрын
He totally misleads people with his headlines. Headline reads that new cars prices are really low just to then imply that they aren’t going down but they may be going down in the future and not backed with any evidence.
@YelaDuck
@YelaDuck Жыл бұрын
They do go down in Jan and Feb. Think about it ... less people wanting to spend money equals better deals. Also, current rate ofnpeople paying late on loans is the highest in 20 years so theres going to be repo deals.
@destroyer5red
@destroyer5red Жыл бұрын
4 months ago in August of 2022, I sold my 2011 F150 XL5.0 v8 with 8’ bed. It had 160k miles and I sold it for $7,300. Good conditions. Half of my friends said it was too cheap and the other half said it was too expensive
@destroyer5red
@destroyer5red Жыл бұрын
Actually I took the F150 to CarMax to appraise they said $3,100
@mehosadikovic6958
@mehosadikovic6958 Жыл бұрын
I would give you 5k at most
@buk6708
@buk6708 Жыл бұрын
That’s very very cheap. That’s a truck that can almost instantly turn it into a business. It can haul and is reliable. I prefer older f-150s, but it’s impossible to find them. Some early 2000 Tundras are selling for more than original value because they don’t die. That f-150 still has a 150k miles left for it.
@666THEMARK666
@666THEMARK666 6 ай бұрын
Still waitin on them price drops... 😂
@be4unvme
@be4unvme Жыл бұрын
Dealers are charging 10-20% over MSRP. Cars are already expensive most new cars are going for 40k even for basic affordable brands.
@youtudey138
@youtudey138 Жыл бұрын
If they stop making such high tech cars the prices could Improve
@tzxsr
@tzxsr Жыл бұрын
Scotty when exactly? I need a new ride. I don’t wana pay new price on a old car with 30k to 40k miles on it.
@MrPaxio
@MrPaxio Жыл бұрын
why not? that milage means everything has already been tested for you, and its cheaper, and depreciates alot less
@DocRock71
@DocRock71 Жыл бұрын
If you buy Toyotas, 100K+ miles is just getting broken in... Hondas too...the only cars I've ever bought, or ever will.
@MrPaxio
@MrPaxio Жыл бұрын
@@DocRock71 i heard the new honda odysseys are nightmare material
@edgaryzen4925
@edgaryzen4925 Жыл бұрын
@@MrPaxio depreciation is irrelevant now.
@sameold5050
@sameold5050 Жыл бұрын
Totally agree. Those high vehicle prices should end soon.
@sentero1856
@sentero1856 11 ай бұрын
In Pennsylvania they're still asking 20k for a Nissan versa and like 26.5 for a civic. Nothing's gotten better.
@vincedibona4687
@vincedibona4687 Жыл бұрын
Good afternoon, Scotty!
@jmet46
@jmet46 6 ай бұрын
I keep on fixing my 2002 Yukon! Looks rough but this old girl will out perform yours! No note, runs like a champ! Antique and very proud!
@OpticMoos
@OpticMoos Жыл бұрын
Ah another great video from a genuine bloke
@OpticMoos
@OpticMoos Жыл бұрын
Cheers Scotty!
@solomonstello
@solomonstello Жыл бұрын
Relax Francis.
@littlegp18
@littlegp18 7 ай бұрын
I want Scotty to be at my bbq this coming summer. Swinging those hands around will keep the mosquitoes and bugs away
@elkabong6429
@elkabong6429 Жыл бұрын
Scotty is where they got the idea for those air-inflated guys they put in front of car dealerships that wave about with their arms a-flapping (I think they call them “air-dancers”). Love ya, Scotty!
@MrWhitelightning73
@MrWhitelightning73 Жыл бұрын
I had to order a cross trek because none were on the Subaru lot…..scheduled to be here by March 😂😂😂
@axminsterz4151
@axminsterz4151 Жыл бұрын
Don’t buy it you’ll get 100k out it tops
@dhawal7476
@dhawal7476 Жыл бұрын
Scotty can teach me how to play Cricket 🏏 and even then I would be interested. The only guy who can catch my attention 🤣
@Imgone2024
@Imgone2024 6 ай бұрын
Scotty is correct. My brother is involved in the car shipping industry. They are barely working because new cars are not selling, so they don't need to move cars out to the dealers. Our local dealerships have gone from having a half empty lot to being very full. I drive by every day, the same cars and trucks are just sitting.
@jorgea2657
@jorgea2657 Жыл бұрын
Hey Scotty, how about a value video on new cars for the ones who are about to get one?
@adkforester5428
@adkforester5428 Жыл бұрын
Just got a new 2023 base tacoma 1750 below msrp in New York
@rodneyakjohnson451
@rodneyakjohnson451 Жыл бұрын
Just stick to your celica
@garywebb4244
@garywebb4244 6 ай бұрын
I’m loving this, I paid 18k for my 2008 GMC Serria 1500. 2 wheel drive and now if I sold it I’d get all my money back out of it! I’ve had several offers to sell it and I think I’ll just keep her.
@ItalianMetalHED
@ItalianMetalHED Жыл бұрын
the average car payment has surpassed $1000 because interest rates are now 5.7 with average price being 38k.
@stephenridgway3886
@stephenridgway3886 Жыл бұрын
Is there a new car in your future . No
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