What Happens To New Cars That Do NOT Get SOLD?

[@lot2196]

They will crush unsold inventory before slashing prices. If they budge on prices once, they can never go back to these outrageous price levels. They are willing to die on this hill.

[@I_Am_Your_Problem]

Did you clear the 8th grade? Because that is the dumbest shit I have read today....

[@07wrxtr1]

Population reduction is the real goal.

[@kevinatkins282]

Agreed!!💯💯💯

[@SigFigNewton]

And they will. We’re starting to see which legacy automakers won’t survive the recent surge of new auto companies.

[@terry_willis]

There's a reason they're called Stealers.

[@dave3657]

Right now, no matter what the incentive, I don’t want a 4cyl turbo, or a wet belt system, bad transmission ….

[@SigFigNewton]

Agreed, don’t give me any of that. Give me an EV instead, slashing the number of possible problems. When there’s no transmission in the car, there’s no bad transmission in the car.

[@Howdy76]

You know about FORD CRAP.

[@NicholasDemichele-m2h]

Right?they stopped in the 80s with turbos after they all blew up now they do it all over again except way more expensive!!!😮

[@NoamPitlick-bg8kw]

19 Cruze owner, bought new, 1.4 cylinder with turbo, 41k, runs perfect.

[@ChillWill-q5x]

@@NicholasDemichele-m2h What? Most cars use turbos, WTH are you talking about?

[@atoitoh2989]

Cars are made far too fancy these days, and that costs money. All I want is a simple and reliable vehicle at a decent price.

[@happylistener4628]

Same 😊

[@Jim-sd5yq]

That’s me too. Good basic transportation. And a reasonable price.

[@Marko-tv3sw]

That's what we want but they don't. They want you to keep throwing money in the hole, cars to break fast and to buy new one as soon as possible.

[@MonkeyMind69]

What you call fancy ...many are recognizing as high-tech spyware devices that collect data on their drivers.

[@PNW_Sportbike_Life]

@@atoitoh2989 Honda hybrids man. Simple, reliable hybrid system.

[@stevedorie8155]

Maybe they should lower the prices so people can afford to buy them

[@CarCoachReports]

I agree, it’s amazing that they’ve raised prices by $10,000 in some cases even $20,000. Makes no sense.

[@GerryHavican]

@@CarCoachReports You go girl, you are the woman. Always do your best and have fun. Never quit when you still have something to give. It's not a funeral, make some noise. Remember that you can't make everyone happy and if you do, then you are not doing your job right.

[@stevearcher6100]

It does make complete sense, actually. These prices are directly proportional to the amount of currency inflation. In other words, if your household income was $100K in 2019, it would have to be $135K now to keep even with inflation. If your income has not increased by 30-40% since 2019, you have essentially taken a pay cut. People want to be angry at manufacturers and dealers for this, but it was, is, and will continue to be entirely predictable. Inflation is theft.

[@dentalnovember]

@stevearcher6100 New vehicle prices have risen beyond the consumer price index. Vehicles are overpriced across the board and the dealers and manufacturers who f around are about to find out.

[@SigFigNewton]

@@stevearcher6100automakers trying to be able to raise prices at the rate as overall inflation are destined to be disappointed

[@gusgiesel]

300% more money for a less reliable vehicle? No thank you. I will keep my 18 year old pickup truck with 198k miles... it runs flawlessly, is very comfortable, and everything still works.

[@davidb7180]

Absolutely ! I'll keep my Pontiac too.

[@Marko-tv3sw]

Yes! I'll also keep my 18 year old tuned V6 2.7 TDI Audi A6 with 700.000 km/430.000 miles and ~240 hp. Changed airsusp for 2k, it works like a charm. 8,2L of oil, not a "single drop" of oil used between changes. Is it our fault for keeping our cars for so long? I'm never paying more for less quality, we are not stupid. Return to quality and maybe we will too.

[@davidcozzi373]

Basic question that should be a video: “If a 2023 model sits on a lot and they already have 2024 models, the dealership will not sell you the 2023 model at the true depreciated rate. Why would you buy it for more than what it is worth?”

[@CharlesCurran-m9p]

Right, a 2023 that’s now 2 years old should be marked down 40%. You know that if you brought a 2023 in for trade that’s what they would do to you.

[@chriscordray8572]

Banks nowadays will negotiate the asking price and factor in used car prices. That's what's legal. If a car sits on the lot for over a certain number of days it has to be sold as used. Look it up. My Credit Union always negotiates the lowest price loan they can get. Happy customers are return customers.

[@a.jennings4664]

@@chriscordray8572: Not true. A new car is considered new regardless of age provided it has never been titled. Look it up.

[@1000kennedydk]

Still at 6 minutes and she does not answer the question.

[@99rollo99]

@@1000kennedydk welcome to Era of blah blah, neverending bs blah blah

[@DeWittPotts]

I was going to say the same thing. She gave sort of a partial nonanswer. If dealers have several of these vehicles on the lot that are over 300 days old, what she was talking about would apply only to only a very small fraction of that number.

[@CarCoachReports]

Maybe you should go back and listen to the video again. I did say they become loaner cars or they become demos. Either way those vehicles will eventually get sold either at auction or at a massive discount.

[@Michael-YYZ]

Why are you surprised? These KZbinrs cannot make money from too short videos so they have to go yada-yada, yada-yada... Also, the title of the video is clickbait. It should have been "What Happens to a Small Fraction of the New Cars that Do NOT Get SOLD?", or something along this line.

[@johnlopez3001]

​@@CarCoachReportsGood to know, Honda's recall involving the V6 engine for premature crankshaft and bearing failure is a nightmare for thousands of owners and auto Technicians. If my Ridgeline is involved in the recall I'll need a loaner car to get to work. 😳

[@jeffreymckie3328]

Did I hear her say “ now that inventories are back to normal”? Who is this lady trying to fool? The lots are stuffed everywhere.

[@no_country_for_real_men]

no they're not. ALL the dealerships where I live have insufficient inventory

[@TheGarageisFull]

I’m in NC. Some dealers park a few vehicles on the lot to make it look like supply is low. Looked at a Dodge Ram. 4 on the lot .Didnt have my color.Drove me to a lot with over 100. At least 10 in each color.

[@no_country_for_real_men]

@@TheGarageisFull they don't do that here in texas. They only have 3 colors and an occasional good color and it gets sold immediately because their inventory of good colors is so limited

[@charleswalker9466]

U can't sale j u n k

[@chadhaire1711]

@@no_country_for_real_men BULL...they have them in storage.....dealer down the street keeps on lot and has 120 Rams.....had over 100 during the shortage. You are being played.

[@baypos]

Even with rebates and incentives, still too much for new vehicles. I haven't had a car loan since 1991. My every day drivers are from the '90'a.

[@northdakotaham1752]

The last new car I bought was in the 1970s. Average to low features. Since then I buy used vehicles, upper end with less than 100k miles on them and very little depreciation. I'd just rather not buy and drive stripped down vehicles....which is what I could buy if I bought them new. I only buy that which I can service and repair myself.

[@ericrombouts7698]

So what happens to these cars?

[@northdakotaham1752]

@@ericrombouts7698 I think they will end up being driven by their employees rather than giving them current model vehicles. Then they will go to the auction.

[@dystopia-usa]

Nothing worth buying in the US market currently, especially if you prefer smaller vehicles.

[@no_country_for_real_men]

exactly. The automakers have McDonald's syndrome : decrease size increase price

[@KP50-oj6ce]

where can I get aToyota Hilux Diesel truck for $ 10000 in the US...?

[@randysrestoration]

Local dealer has a '23 F250 HO diesel that has been on lot for 515 days right now and still refuses to lower the price. I have been watching it just to see what they do. Would love to buy it but surely not at sticker for a truck sitting that long. Currently has 74 miles on it the same as a year ago.

[@shreksexy6879]

@@randysrestoration make an offer on it see what happens.

[@WhittyPics]

Lot rot is real. Tires get flat spots and seals dry out. They need to mark them down to move them

[@wadereynoldsgm]

Oil goes acidic

[@I_Am_Your_Problem]

Tires do not get flat spots. Seals do not "dry out". Leather seals have been gone for nearly a century.

[@I_Am_Your_Problem]

@@wadereynoldsgm Somebody thinkgs their 6th grade education made dem weel smwat.... Oil does not "go acidic".

[@SigFigNewton]

@@I_Am_Your_Problemhas always been a disaster for my family members when they bought a car that sat around aging for a long time

[@larryjohns8823]

The battery will not last but 4 years from build date.

[@jeffreymckie3328]

Get rid of dealerships and watch actual purchase costs go down.

[@SigFigNewton]

I’ve never heard anyone give a sensible justification for this middle man.

[@no_country_for_real_men]

no all that will happen is the automakers will just offset the dealership mark-up and increase the invoice sticker. You can never get a break in the united states. EVERYTHING IS rigged.

[@billganas467]

and , where are you taking your ride for warranty repairs.... my friend has dealership interest and he told me 15 years ago they did not make any money selling cars ,,,,,, the money is in the service dept ..... happy holidays

[@Already100]

You act like the dealerships don't have bills to pay.😂

[@no_country_for_real_men]

@Already100 another ☁️ user

[@hildablanco1591]

When cars and trucks cost more than grand father's house we have a country problem

[@aliendroneservices6621]

0:37 I think you got that backwards. Maybe you meant: "All brands have vehicles sitting from 2024, '23, and even 2022."

[@thebionicbassplayer]

Here's a radical idea, sell the unsold vehicles over a year old for a price people can afford.

[@wesalexander2693]

As always, great analysis and review, Lauren! Amazing how quickly a sellers' market can change into a buyers' market with a change in economic conditions. Very expensive new vehicles combined with higher interest rates means slow sales. At some point, manufacturers will be forced to rethink their pricing.

[@CarCoachReports]

😊 thank you

[@thumperjdm]

Manufacturers: "We have inventory we can't sell." Buyers: "Lower your prices drastically, and reduce your MSRP's." Manufacturers: "No, we're not gonna do that."

[@curtisi4403]

My last new car is a 2016 Honda. Basic safety features, no lane keep assist and brake warning, just drive like how you should. Zero problems with this car and it's my daily driver. Now all these newer cars has gotten bigger in both size and cost. Not even worth a look.

[@JohnSmith-k1x]

Something else you may want to let your viewers know is vehicles that sit of dealer lots or storage lots out in the open in all seasons tend to start rusting and deteriorating on the underside of the vehicle. So if anyone is looking to bargain with a dealer make sure you inspect it very well for any issues other problems that can come up from vehicles sitting outside for years is the brake rotors & pads can rust or deteriorate also tires can start to roit just by sitting for 1 to 2 years. thanks for all your good advice. I will see you in your next video

[@Wolfgang-the-Gray]

I like my solution the best. I bought the Jeep I wanted in 1997. I still drive it & repair as needed. 382k miles & dozens of thousands of dollars saved. It works for me.

[@MikeKelsoJr]

They need to simplify the sales process ? 4 hours at a dealer different salesperson people constantly !? Salespeople say they get treated bad and make hardly any money long hours !?

[@cousinjohncarstuff4568]

Never takes me more than 90 min start to finish (only issue is if there is a line to get into the finance office) and never pay over sticker or pay for any add ons. Just have to know how to control the transaction as the consumer..

[@the_paranormal_factory1812]

very far few dealers did not take advantage of the customers in the last few years, so it sucks to say this, but they will have to suck it up, and lower their prices because this bubble will have to burst at one point or another, and the customer is not going to take it anymore..

[@gusgiesel]

@the_paranormal_factory1812 auto manufacturers and dealers did this to themselves. They thought they could screw their customers without consequence. How wrong they were... and apparently still are 🤣 So stupid!

[@SigFigNewton]

@@gusgieselthey’ve been duped into thinking that the economy is strong. They fully do not understand how many people do not have the option of spending that much on an automobile

[@K-Rock1963]

I keep thinking about the Ford Maverick. They actually put out a 20k small truck, but Americans being Americans wanted the dual cab with a bunch of crap added on that blew the price up

[@opencarry3860]

Beware of lot rot.

[@WhittyPics]

especially if there are hungry rodents around

[@djdigital3806]

Lot Rot 😒🤣🤣🤣🤣🤣

[@Tvtvtvtvttv]

I recently found out they use soy for wire insulation... so rats and mice will be a problem.

[@johnlopez3001]

​@@TvtvtvtvttvHonda had a problem with rodents destroying the wiring under the hood.

[@reaneejackson941]

@@johnlopez3001 Thanks for the information.

[@thompsonterry4804]

Sticker shock is the principal reason why my newest car is 9, and the average age of my family’s cars (5 cars, 4 drivers) is 19. In principle I buy used; the initial outlay is lower and if decently maintained the total expense is spread over a longer term.

[@Bobrogers99]

Cars depreciate, whether they have been driven or not. A two-year-old brand new car is worth much less than its sticker price.

[@JamesSmith-wp4um]

I worked in the retail Automobile industry for 20 years. Every "unit" eventually gets sold. The problem with a dealership that has one linger on for hundreds of days is either they don't order the right vehicles for their market or their sales management can't close a deal if their life depended on it.

[@gtech66]

The Dodge dealership by me said 2024 and older unsold new cars go to auction in January 2025. They would rather take the loss than sell it for less to the consumer.

[@eddiemerribaker]

Great content, great presentation.

[@CarCoachReports]

Thanks

[@chadhaire1711]

hahahahaha..what presentation???????????????? She never told us anything!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@btaylor9788]

Cars do not retain the value. Their average cost have to COME DOWN PERIOD.

[@waltmorton5085]

Thank you Lauren fix you are such an incredible wealth of knowledge I enjoy and it's a pleasure listening to you on the Kim monson show keep up the great work God bless.

[@CarCoachReports]

Thank you 🙏

[@Incredulous-w7u]

I would be interested in a 2022 new vehicle IF it was still in good shape and I got a SUPER deal. So, where do we go to find these vehicles?! Any dealership and just ask if they have such vehicles on their lot?

[@pauliek5325]

Dealerships need to do auctions.

[@Offensively-normal]

Affordable cars sell. Toyota, Honda, Mazda & Subaru all make good smaller affordable autos. They are moving just fine. Expensive poor quality not selling is not a surprise to me. It should not be to auto makers either.

[@JasbirSingh-zj1fg]

Expensive cars also sell when the price is dropped enough. As for why the dealers are not dropping prices on cars that are sitting on lots too long, is a head-scratcher for me.

[@lot2196]

​@JasbirSingh-zj1fg if they lower prices once, they can't go back

[@SigFigNewton]

They look at the percentage increase in incomes in recent years and very incorrectly believe that people are able to pay that percentage more for a car.

[@geoffm3031]

Dealerships with 2 to 3yrs of leftover inventory would rather continue to pay inventory loans and continue the Lot Rot? Most bizarre marketing ploy I've seen yet but then again the last 5yrs in America has been bizarre! lol

[@seymorefact4333]

⛔ LET IT ROT! LET IT ROT! ⛔ LET IT ROT! LET IT ROT!

[@tazweld]

I drive a 2000 F250 4X4 bought it new have 400,000 miles on it have never had a major break down only the regular maintenance items belt, brakes, shocks tires, front seal leaks, rear seal leaks', Valve covers leak, turbo pedestal leaks, but no rust under it yet a lil oil goes a long way when living in Kanuckistan

[@Walkercolt1]

FACT: Near Kansas City. MO, there are two GM "storage lots" with over 270,000 unsellable cars sitting. The cars cannot be sold as "new" because as 2018-2022 models they don't meet current emissions standards, and GM can't hire enough college students (most college student today don't have valid driver's licenses-they have "learner permits") to drive them a few thousand miles to be sold as "dealer cars". These cars ARE NOT WORTH "De-emissioning and de-airbagging" to sell in Mexico or South America where this equipment is illegal. It is ESTIMATED Ford and GM have 2.1 MILLION vehicles in this storage "limbo". VW has 4.7 million vehicles in storage in the US and Canada. 60 years ago, Honda dumped an entire container ship with 2-3 million Gold Wing motorcycles that turned out to be defective, into the ocean for an "artificial reef", rather than sell a defective product. It isn't worth the labor to drain the fluids from "storage cars" and crush them or dump them...

[@Gadfly2025]

They heavily discount so go for the dealers throat for discount . I bought a 23’ Alfa Guila last summer a tad over $20k discount while other dealers pushing at $5k off .

[@djdigital3806]

Good deal🕺

[@samgoldfish4806]

what a nice report...informative and no hype

[@AChavez-p5k]

Excellent thanks

[@anjalicgirl]

Does she ever answer the question? Don't waste your time, it's all yada, yada clickbait.

[@tomvalpo9361]

I was in the dealership business for over 30 years, 20 as a General Manager. There is no such thing as "unsold new cars." They all eventually get sold because the price keeps going down and incentives go up on old inventory.

[@coloradomountainman8659]

All vehicles should be substantially below MSRP like they used to.

[@Joseph-u3t2n]

My dad told me that automobile companies along with a bunch of other companies make no sense and by all rights should have gone out of business years ago. He gave me a great example of his theory. Auto companies each build hundreds of thousands of vehicles each year with the expectation of selling them all, problem is they don't even sell a 1/3 of the vehicles. How many Amish buggy companies do you see? There is a Amish business that builds them in each community and they build them as they are ordered, they don't build hundreds of them they build one at a time as they are needed. And here is the good part, they are basically built the same exact way they were 150 years ago, they didn't complicate them with crap that is not necessary they keep them simple and doing so keeps the cost down.

[@dennishipsley8703]

Always buy at the end of the month ideally end of the quarter and end of the year near the end of December.

[@LarsDcCase]

I bought my last new vehicle in 1984. I swore that I would never again be stuck with $400 a month car payments. I still drive my '82 F150, my '93 Dodge Cummins, 2012 Chev Impala and a 2011 Jeep Grand Cherokee. The older vehicles ofcourse I have had at the body shop and totally re- did the body work. I am perfectly happy with that. They all have A.C. cruise, power windows and power locks. I need nothing more in a vehicle.

[@skyfinancellc9538]

OK, thanks Lauren. Seems straightforward. I still can't understand how these dealers will deal with cars that are a few years old, though. Wouldn't they have to drop the price by *half* to get anyone to buy?

[@timmcshan3881]

Lower the damn prices

[@bassdojo]

Why can't they make a $12,000-15,000 vehicle....only the basics. No frills. Dependable, reliable, goog mpg, easy maintenance. They would outsell all competition and make their shareholders happy through volume and sales! Purchased all online.

[@gordonallen9095]

Overpriced vehicles, at surplus numbers. What can go wrong?.....

[@oldedwardian1778]

EVEN Ferrari? As if Ferrari was ever immune.

[@chadhaire1711]

Over 80 used Ferrari's for sale in Scottsdale Az dealers and they cant give them away....

[@charlesslack8090]

Fot what the dealers are asking for even the lowest priced vehicles, if I need to, I can have the entire power train and driveline rebuilt twice. My current vehicle has 104,000 miles on it, and shows no sign of failure any time soon. There is no incentive to purchase an overpriced POS that makes economic sense to me.

[@Foofrarf23]

The problem with lots of these new vehicles is that they are not reliable, especially Kia, Hyundai, Wagoneer, Ram, Fiat, etc. nobody wants to pay an absolutely ridiculous amount for junk.

[@HDHQDIRECT]

My Kia and Hyundai have been completely reliable. Better than Acura and Infiniti's I have had.

[@northdakotaham1752]

Every brand has their lemons. Some more than others.

[@twosencefromcleveland6084]

They go to the shredder and the companies get tax payer bail-outs, then they retire in wealthy state. All the laid off workers are paid unemployment by the taxpayer..

[@MossMini]

How many unsold vehicles still have Dealer Markups? Stealerships are not "community" as they say.

[@TheFertileOne]

My Toyota dealer (where I get my car serviced) has had a very empty lot for about a year now... I usually walk it while my car is worked on (oil change and what not)... I love my Prius! I loved my Camry and my Sienna!

[@joffrey-k9g]

I bet that If Nisson rolled out a basic 21st century B 210 they would fly off the shelves.

[@wdxwm300]

The dealer I worked at a while back had one new car for a loooong time so he told his salesman that he was taking 10 dollars a week out of there pay ant lowering the price that amount until it sells and it did sell

[@CarCoachReports]

😳

[@henriyoung3895]

Good video thanks

[@Jay-j6m2l]

It’s called lower the sticker price. 😂

[@thomaslthomas1506]

Lot Rot!

[@billbry]

This is a EPA problem in entirety. Abolish the EPA's jurisdiction on transportation related conveyances of travel.

[@aleb5195]

Not only the epa, but all the other mandates. I've been keeping up on my tires air pressure for the last 35 years. I don't need a mandated tire pressure monitor on my car that goes out after a few years. The light has been on on my dash for over 10 years on my 2009 ridgeline. I will not pay to get it fixed. This should only be on higher trim levels.

[@Gadfly2025]

EPA hammers autos while ignoring the biggest polluter Electric production , space heating . Many bigs use coal and oil with zero pollution abatement 😮

[@Gary-t9v]

@@aleb5195 not to mention TPMS sensors are like 100 bucks. Each. All B/C the nanny state says we " must" have them.

[@07wrxtr1]

EPA ? No - it all rolls up to the UN cult. Have you taken time effort or energy out of your day to research their so called “sustainability” goals? The bottom line is that they want less people on the planet - and they want to move all wealth and ownership to the “stakeholders” It’s not a stupid dem vs Republican issue either as both “sides” are in on the scam.

[@SigFigNewton]

Lol if y’all got your way cars still wouldn’t include seatbelts

[@adama7070]

New cars that don't get sold can take a variety of paths, including: Sold to a consumer: A rare car may be sold to a consumer. Converted to a pre-owned vehicle: A car can be used as a service loaner or staff demo, and then converted to pre-owned inventory. These cars are often well-maintained and lightly driven, and can be a good option for budget-conscious buyers. Auctions: A dealership may send a car to auction if they can't sell it themselves. Donated to charity: A dealership may donate a car to a charity or local community group. Recycled: A vehicle can be shredded and the metal content recovered for recycling. The rest of the vehicle may be sorted by machine for recycling of additional materials such as glass and plastics. Dealerships may also try to incentivize buyers through discounts and deals.

[@coloradomountainman8659]

Car dealers getting their come-uppance. Woo Hoo! About time!

[@josephpanozzo4815]

Dealerships would rather sit on the car on their lots than discount them and erode their profits.

[@HoofHearted801]

Biggest issues causing lack of new car sales is the difference between price and value. Manufacturers have been building complicated overpriced junk for several years which provides little to no value for mainstream consumers. Dealers who try being upright are limited in their ability to support products and as the economy tightens, they get creative by using service to support their dealership with little visible assistance from OEM and use technology to limit vehicle lifespan or make repairs not possible. Consequently, I don't feel any sympathy at all for dealers and I will never own another new GM product after 55 years as a patron. I don't care what they do with unsold vehicles.

[@alext8828]

Wife and I found a "last year's" Prius at a dealership. They wanted list price for it. I should have grabbed it. I was a plug-in. They weren't available for the year we were looking. My rule for spending money: "Make it happen!" Don't nickel and dime your future. Grease the wheel and move forward. That's what money's for.

[@NoName-c4y7h]

I'm certain every dealer is doing that annual maintenance that they highly recommend.

[@alfee9411]

@@NoName-c4y7h 99% not likely

[@rckc.1719]

when you go to the dealership and they treat you like a idiot for wanting a reasonable deal.

[@bradhampton6457]

Many leftover units get sold to fleet buyers and car rental companies.

[@BonnieBentz]

I've had four different people asked to buy my 2009 Buick which has 25,000 original miles on it and looks like a brand new car. It gets regular baths with double wax and stays in the heated garage. It's absolutely beautiful and it does not have a backup screen so you can see where you're backing up to or none all that fancy stuff inside of it. Some people don't want all that fancy stuff. Give us a simple car. We don't need all that crap to break down every 5 minutes

[@northdakotaham1752]

Will see what happens with upcoming deregulation. Should be a game changer for the next 15 to 20 years.

[@lot2196]

God I hope so. 🙏

[@George-fy7tt]

Is buying your car through Costco or AAA a good deal Lauren?

[@user-cl5ov9dx5o]

New car dealerships would rather shread the inventory than give clients a better deal. Sad how evil dealerships are.

[@tjmmcd1]

@0:37: "All brands have (unsold new), vehicles sitting from 2022, 2023 and EVEN... 2024". I'm sure she meant to say, "They have brand new unsold cars from 2024, 2023 and EVEN....2022" (Simple slip-up proving she's human...just like the rest of us").

[@stephenpahl7538]

I believe that Mack Reynolds Include the scenario in one of his 1960's stories (he predicted the fall of the Berlin wall within a year and for the right reason) where the ICE vehicle industry had reached a point where the "New Cars" that were just made were shipped directly to the wrecking yard to be scrapped, just to keep the industry from collapse

[@alexandrebenois7962]

What if even newer cars don't sell and that situation continues? The manufacturers will be gone!

[@brewcrew5854]

instant gratification culture will hurt walk in buyers --sitting at a desk for 6 hours and swatting back all sorts of add on options and fear of signing on to something ridiculous has people gun shy

[@fredhenry9660]

Unsold vehicles 2 or 3 years old sitting on dealer lots comes in handy they can fix the recalls before some sap buys their junk.

[@newagegaming2183]

Good Report. I would like to point out that a very large portion of the price goes to pay the pensions of the UAW who built the cars. People live longer,so pensions cost more. IMO let the vehicles sit on those lots. The profit margins on these is ridiculous. Once time has replaced the workers with robots, and it will,then we will see.

[@oriosjr9142]

Their friends will buy them off to keep prices high

[@sleeeper88]

I love it, great time to buy. Just picked up a hellcat durango for 17k under msrp. 2025 model.

[@LinuxGalore]

What will happen is unsold cars will be leased out to companies at a loss for 2 years then sold at auction with the carmakers getting a depreciation asset tax credit. It has happened before, anyone remember the GFC.

[@keithromberg5779]

The answer is super simple: all models new or used are WAY overpriced, the average American has no money to buy one, and banks are not giving auto loans as they are dealing with loan crisis created from covid.

[@jamescook6535]

My friend's went fishing in Michigan in the middle of nowhere , Jeeps everywhere as far as your eyes can see .

[@ovwve-3266.okwlme]

So, what happens to unsold cars? Still waiting for the answer

[@gbw28]

Dealers are still charging upwards market adjustments on vehicles that have sat for hundreds of days!

[@raymond_sycamore]

LOTS of "1k miles" cars on carmax right now.... 2022s...

[@MarieRahman-i1z]

Great content, as always! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

[@theamazinggoldfish8713]

The problem with that red Subaru is, it's underpowered "&" it needs an 6 speed manual.

[@Jeff-hb1qq]

I don’t see anybody hitchhiking yet😊

[@johnhaines6924]

So...What about the new inventory that can not be sold at any discount?

[@Berndo.S]

An old engineering reality is that rust rusts. If a customer thinks he is lucky to get a good deal buying a car standing around for 1, 2 or even 3 years (commonly outdoors(!)), I hope for him that he will not be overtaken by said old engineers reality.

[@aaronfreeman5264]

I'd like a '44 Willys, bought as a parts kit.

[@NoamPitlick-bg8kw]

Additional markups on MSRP ran a ton of people away.

[@rjakob8073]

Dealerships lower your prices, or those vehicles can rot in your lot.

[@butterflygirl2285]

IMO - How about lowering the prices?

[@davidwiles8234]

good luck those days are gone. I just bought a great car and it was salvage title.70 K miles, minor damage that was fixed, and it was $13K.