Car Values Are Crashing Harder Than Your Self Esteem

[@benfrank3553]

Auto makers can keep prices as high as they want but they better not start begging to get bailed out when they begin to go under.

[@stephenpuccio8373]

Can someone tell me WHERE these car prices are crashing?

[@dave0z96]

Car values are just coming down to where they belong . Those 90K trucks on all the new car lots are really 40K dollar trucks .

[@n0xxm3rcyxx]

I don't see them coming down that much at all. I don't think that will happen sadly

[@dave0z96]

I’ll never buy a new one again then . It will be 10 year old trucks and cars and I’ll fix them with parts from autozone . It will be cheaper and smarter . I’d rather be nickel and dimed buying parts and paying for repairs rather than pay 700 to 1200 dollars every single month because it’s going to be cheaper . I’m a heavy equipment technician so I can do all the work on my own vehicle . I wouldn’t pay 90K for a new truck unless I was netting 300K per year .

[@michaelgarden6554]

The KZbin car space is like freaking groundhog day. Same info over and over and over. Going on 3 years of the same info regurgitated in slightly different ways.

[@jamesgullo8240]

You should see the Father and Son Shyster team.

[@JDMSwervo2001]

Car values aren’t crashing they’re going back to what they should be

[@rhr19eighties]

Absolutely….just like houses, but everyone thinks the sky is falling.

[@michaelgutter2004]

U guys been saying this for years. Still waiting

[@PumpkinKingXXIII]

I was interested in a couple of cars. Contacted dealership to get an out the door price. They wanted me to come in. Wanted to run my credit before they would give me a price. The price of the vehicle is not dependent on my credit. It cause they want to sell me on a payment and not the cost of the car. Advise them to make a sale instead of being greedy and trying to win the power ball.

[@Scubadiver-IYKYK]

…. Sounds like a normal sales process for any finance dependent industry 🤷🏻‍♂️ what am I missing?

[@PumpkinKingXXIII]

@@Scubadiver-IYKYK easy to understand, out the door pricing is a request for the total cost of the vehicle prices with taxes, adding and fees to buy the car. If they don’t want to give that it’s usually because they aren’t competitive because want to tack on 400 for nitrogen fill and $1,500 for ceramic coating ir force you to do financing though them where they will make a large chunk of cash on adding points to you interest rate.

[@brettloo7588]

There is a LONG way to go. A reasonably used 3 year old car should cost 1/2 the new price.

[@Beno443]

lol that’s a 10 year old used car with 120,000 miles. If you want bang for your buck get the last model of a generation 3 years old. They will be significantly marked down because buyers are looking for the cooler new body style.

[@joeriveracomedy]

I tried to buy a lease early(high taxes👎)with low miles on it. I can't believe they made no play to get it away from me.

[@RAM-KINGOFTRUCKS]

Dont worrg about cars Ben , worry about the stock market crashing 😮

[@johnkonde1975]

that mainly affects rich and upper middle class Americans. Makes no difference for us poor working class Americans since we're too broke to have investments anyway

[@lumberjeff0]

I've made a good bit of money on stocks since hearing 3 years ago about a crash coming. The economy has been growing, businesses are making money.

[@edvozar9948]

Stock market crashing, are you f'en mental!!

[@xxtreyxx12131990good]

@@lumberjeff0that’s inflation and printing money for you nothing to do with actual growth

[@RAM-KINGOFTRUCKS]

@@xxtreyxx12131990good and that affects the stock market😁

[@johnkonde1975]

I made several official complaints to Toyota Corporate about extremely low inventory levels of new 2024 Toyota Corollas (Toyota Corolla had a market day supply of 26 days in May 2024, lower than the RAV4). I requested them to make more Corollas. Initially they tried to blame it on COVID supply chain issues but in more recent times when I complained, they just rudely told me that they've already answered my question earlier. It's obvious that they're purposely keeping production low so they can keep hiking up the MSRP without having to offer any cash rebates or incentives aka more profit for Toyota

[@mpiny]

Soon buy one gets one FREE 😂🎉

[@ryanmac358]

What makes you think you can tell Toyota what to do with their business.

[@mpiny]

@@ryanmac358 For many economists, those three magic words are “supply, demand, price.” In any market transaction between a seller and a buyer, the price of the good or service is determined by supply and demand in a market. Supply and demand are in turn determined by technology and the conditions under which people operate. idiot

[@johnkonde1975]

@@ryanmac358 Toyota should know that more and more people are wising up to their greediness and we're getting tired of it. That's why Toyota loyalists are buying Mazda and Subaru vehicles instead

[@ryanmac358]

@@johnkonde1975 exactly, use your money to tell them you don’t agree with their strategy. Calling them multiple times and making high level business decision suggestions just comes across as weird and pretentious

[@ToddMalz]

Yeah, ok, retail on both new and used are holding the line, at least for the desirable car segment, like Toyota. The panther platform is still holding pretty good. All in all, folks are becoming more educated of what to buy and private sellers as well as dealers know this. Quality sells at a premium, junk goes to bad credit and cash strapped buyers.

[@francinefore7421]

Depends on what do with that vehicle Ben. Just sold a 23 year old vehicle for more than i bought it for.

[@monterreymxisfun3627]

I'm seeing some additional availability for used 6 cylinder, manual transmission sedans, but not much in the way of price reduction.

[@Barbwire710]

Not worried about it. My car is paid off and will never be replaced until it’s impossible to restore the frame and it’s in pieces.

[@sammyjammy6647]

Sounds like you’re living the dream….

[@Axl_colts]

Well, you wouldn’t know it by the way car dealers act. They won’t negotiate on prices because they say”oh we’ve checked around and we’ve got the lowest price so we can’t negotiate much maybe $100.” The prices are ridiculous. 30 to 40,000 for a new car should not be be the norm.

[@esteban1487]

Values may be crashing but prices sure aren't. 🤦‍♂️

[@Xander1Sheridan]

and when we retail see it? I hope you are right.

[@madwarrior84]

Almost better off fully restoring a few years older truck or vehicle , than buying new and financing. Especially with new ones are of less quality

[@michaeln4018]

How about a video on car ownership vs taking Uber everywhere. And if 1 accident happens it’s way better to have Uber.

[@generation-x406]

4 years in to saying no to these princes...

[@Scubadiver-IYKYK]

It’s going to be a lifetime…. No business gives up profits or decreases prices with inflation outside of force majure (covid). Welcome to the new reality of America that is post the Petro dollar.

[@yardboy3955]

That’s great news but where?

[@BackyardEngineer334]

People are looking for ways to not own a car

[@Bruins77Fan]

Trade in values crashing but dealers still want MSRP for a Chevy 2500...so now is the worst time to buy.

[@stepheno.2730]

That beard is looking a bit to civilized these day Ben…the beard should be a direct reflection of this market, wild 😂

[@wd8085]

American people will always live payday to payday to buy material things that they think will impress people. This is why msrp's won't come down and companies are well aware of it.

[@frdjr2527]

Then reposessions will go up if they haven't already.

[@davidporter7051]

it doesn't make sense. I can't count how many young people view transportation as Uber. Thru don't purchase vehicles

[@tomglpn]

I don't consider the car market normalizing crashing, it's just going to where it should be

[@fogsmart]

But. So many new cars and a bit older ones are so unreliable that the prove for proven winners like the RAV4, etc, are out of price range for many for what you get.

[@mpiny]

$F FORD 💩 -20% today

[@brettloo7588]

wow!

[@stepheno.2730]

Honestly are you surprised? Horrible quality control and grossly overpriced

[@shawnm3757]

Also an outdated dealer model that expects consumers to haggle. I was interested in a Maverick but their inability to be transparent on pricing just made me buy from another manufacturer (for a much better vehicle too)

[@gregharrison3289]

If everyone demanded reduced duties on Chinese cars the dinosaur OEM's wouldn't be able to get away with their ridiculous prices.

[@lot2196]

I agree. It's not a popular opinion, but I say let BYD compete. I doubt I would buy one but people need an affordable alternative. They would probably make a decent around-the-town urban vehicles.

[@gregharrison3289]

@@lot2196 Certainly. Also, when was reduced competition ever a good idea?

[@mpiny]

Just beginning 🎉😂

[@Retired1-b4v]

That's odd since the value of our 2023 Lexus GX460 rose $4800.

[@av8rgrip]

What are you talking about? I bought a 2022 Explorer ST with CPO warranty for 39,400 in February and original msrp was over 60k.

[@Grey-x2c]

Go ahead offer 28k for that new ram

[@rabd3721]

I mean honestly, why not? Let them get mad. As buyers we can just walk out.

[@Grey-x2c]

@rabd3721 the ram new body 4x4 was 28k when came out. 15k off

[@atombomb6719]

Crashing harder & faster than my dreams & aspirations 😅

[@richgarcia6040]

only reason people are not buying new or used is the interest rates if your not one of those with credit score 720 or better your going to get 8% or higher that's why cars are not selling the longer the rates stay high the cars will fall eventually wait till next year !!!

[@tazzel2699]

Not seeing this in my area. Maybe on cars no one wants

[@XXPS60]

Soap.............Shave ............Haircut.....................

[@bluesdirt6555]

Everything is Junk plastic garbage! Buying a new car or anything from a dealer is still the worst investment anyone can make . I think it’s always been that way.

[@DanGilliland-pi4vh]

Not always been that way,the cars built 20 years ago were way better quality than the crap built today.

[@DanGilliland-pi4vh]

And affordability was way better then also

[@spone9938]

Geico looking for new caveman for commercial Ben

[@lookblo]

Helluva title 😂😂😂

[@erikracz4162]

Wasn’t it you that once said buying a car was easy? … 🤣

[@Alopen-xb1rb]

Meanwhile the EV market is actually falling. Both used and new. Time to make the switch😊

[@luisvilla799]

BS I have yet to see stearlerships lower prices on vehicles

[@rakeshmahadeo672]

Worry about about taking a shave

[@rakeshmahadeo672]

Used cars are súper high still .

[@zdravkojuric5927]

Not true

[@17MGTP]

Yeah, not buying anything new!!

[@KennyWright-bv7sr]

Haha they done people dirty 😢

[@mpiny]

TSLA CHAPTER 11 🔜

[@bruhbruhbruhbruhhh]

RAM SUCKS

[@JoseDiaz-qw7mg]

"Crashing harder than your self esteem" Well, that was comforting 🥲🥲🥲😂