CAR MARKET LAYOFFS ARE HERE! THOUSANDS LOSING THEIR JOB!

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Car Questions Answered

Car Questions Answered

Ай бұрын

CAR MARKET LAYOFFS ARE HERE! THOUSANDS LOSING THEIR JOB!
In this video I talk about the layoffs hitting the car market.
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!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices

Пікірлер: 3 100
@59phonebone
@59phonebone Ай бұрын
$80K for a Grand Cherokee?!? They done lost their minds. 😵‍💫
@bigjorge863
@bigjorge863 Ай бұрын
A la verga foreal
@flycatchful
@flycatchful Ай бұрын
It is called inflation of the dollar.
@Jay-vm4lc
@Jay-vm4lc Ай бұрын
Yea you got me messed UP
@Jay-vm4lc
@Jay-vm4lc Ай бұрын
@@flycatchful So why am I still getting paid the same as 2 years ago then? Ok sorry, I got a 50 dollar raise. yay. (sarcasm BTW)
@Lifeisshortby
@Lifeisshortby Ай бұрын
Back in the 80’s you could get a fully loaded grand wagoner for 25G’s
@davidfaustino4476
@davidfaustino4476 Ай бұрын
I wish I could completely fail at my job and STILL make almost 30 million. What a BROKEN country we live in.
@americanbadass88
@americanbadass88 Ай бұрын
and they will probably blame us peasants for not being able to afford 75+ THOUSAND dollars for a truck as to why the truck market dried up. Time to play the worlds smallest violin for these people........
@skybiz4520
@skybiz4520 Ай бұрын
@@americanbadass88 Right, they don't care, because they Borrow Funds from the Public to Operate.. Yes, they Borrow from your Pocket to set their Salaries - 70 million for the CEO, they don't care if they sell cars or not, they already paid.. And you will have to "pay" twice for the same thing, for the Car that's already been paid off by Public.
@ohfknowned239
@ohfknowned239 Ай бұрын
Lets go brandon
@rolanddeechains2465
@rolanddeechains2465 Ай бұрын
I wish I could help you and split yhe profits 50 50
@cs1992
@cs1992 29 күн бұрын
Who failed? Stellantis had record revenues last year. $20 billion (18.6 billion euro) net profit in 2023, an increase of 11% from 2022.
@stevenhintz5508
@stevenhintz5508 29 күн бұрын
I’m not broke by any means. I just refuse to pay 70-90K for any vehicle
@gahvno
@gahvno 21 күн бұрын
This!
@Sh4rkeBotxD
@Sh4rkeBotxD 16 күн бұрын
To lose 50 to 60% of the value as soon as you put the lot.
@bruceellenburg429
@bruceellenburg429 29 күн бұрын
They should lay off their CEO, that would save a ton of money
@rickeymh
@rickeymh 24 күн бұрын
$30,000,000 is only 400 jobs. When a company of 20,000 people loses 10% of its work force, that equals 2,000 people. Let that sink in.
@largol33t12
@largol33t12 22 күн бұрын
Or tell the CEO to accept only $60K a year or get fired...
@richdiana3663
@richdiana3663 Ай бұрын
Maybe it's because I'm a boomer, but $75K for a pickup is completely insane.
@BokeemWoodbeezy
@BokeemWoodbeezy Ай бұрын
I’m a millennial. I drive a paid off 2016 Hyundai. And will drive this thing until the wheels fall off.
@888jimm
@888jimm Ай бұрын
Amen
@mikephillips5541
@mikephillips5541 Ай бұрын
Im genx and 40k is crazy
@eric7069
@eric7069 Ай бұрын
Nah , when a pickup truck for the working man costs more than an audi r8...
@KiloMike80
@KiloMike80 Ай бұрын
The boomers that invested in the market in their 20s and 30s, retirement pension, collecting SS.. They are a big part of who’s buying and raising the prices while younger gen is hurting. Not that it was inevitable with whoever was born during that time but the boomers were the first ones who really started to come up in and build this hyper sized overinflated country. They are the ones buying all these expensive houses down here in Florida on the water or middle to upper middle class neighborhoods making it harder for the 75% to find affordable housing.
@user-xk4vt9ye8j
@user-xk4vt9ye8j Ай бұрын
Any dealer that still slaps junk options like nitrogen on top of sticker deserves to go out of business.
@austinmitchell1586
@austinmitchell1586 29 күн бұрын
I quit retail for this very reason the stupid add ons and hard closing techniques made me want to leave. I didn't benefit me just the dealer. It cost them more deals too.
@myytchannel6632
@myytchannel6632 29 күн бұрын
The problem is with the buyer signing the paperwork, and 6 months later, they are crying and can not afford the payment.
@infotechsailor
@infotechsailor 29 күн бұрын
Most dealers deserve to go under. Got way too greedy.
@johnrichardson1949
@johnrichardson1949 29 күн бұрын
I don’t see the need for dealers anymore. Open a showroom in malls and order from a kiosk. Service is just as bad - these dealers in my experience don’t even know how to fix their own vehicles.
@VLucien616
@VLucien616 29 күн бұрын
Many people are also holding on to their current vehicles because, one: they're paid for, two: the quality control was better and three: they are cheaper to fix/get fixed.
@DanGilliland-pi4vh
@DanGilliland-pi4vh 26 күн бұрын
I absolutely 110% fully agree. Build quality is absolute garbage, much lighter weight, paint quality, way down ,and just wait til after the warranty period, there will be thousands of dollars in tech and electrical crap that is totally low grade to fix, that has to be done at a dealership,at very expensive hourly rates
@donor4053
@donor4053 29 күн бұрын
Instead of dropping prices , they fire employees. Makes sense
@largol33t12
@largol33t12 22 күн бұрын
What happens when nobody is left but the manager? I guess he/she will have to work six days a week to keep that line of credit running, LMAO. And yes, according to channels like this one, they legally do not own the inventory. It's on the lot as a line of credit and the brand will eventually send an accountant. They will go over the sales numbers and demand to know every single vehicle sold within each quarterly fiscal period. If they haven't met a specific number, there will be a lot of questions!
@needmoney666
@needmoney666 Ай бұрын
When the decision is between a new vehicle or a roof over one's family the decision becomes easy to make.
@daleolson3506
@daleolson3506 Ай бұрын
Ya the truck get great mileage
@freedomseeker9635
@freedomseeker9635 Ай бұрын
Potatoes over stylish junk
@solar2k6
@solar2k6 Ай бұрын
Now of days the car is the roof for many 😢
@monixx9081
@monixx9081 Ай бұрын
But the roof costs twice If not 3x as much a month
@hotwire62
@hotwire62 Ай бұрын
Now it’s eat or make a car payment
@Dubbadizzo86
@Dubbadizzo86 Ай бұрын
Dude, most people can barely afford a $7000 vehicle in this market, let alone a $70,000 vehicle. This is outrageous. The point of a good car company is to make cars affordable for people to buy so that people have transportation, not make luxury cars that only the elite can afford. Henry Ford made sure his cars were affordable so that the plant workers could buy them. I'm sure he'd have something awfully sharp to say to Ford nowadays if he were alive.
@Despiser25
@Despiser25 Ай бұрын
Our Govt dictates that Car companies make the cars that THEY want made not the cars WE want made. This Fascist Govt doesn't care how much a car costs YOU. They have all of the money they need. Real left-wing Fascism instead of the imaginary right-wing kind that doesn't exist in reality.
@tomsmith2013
@tomsmith2013 Ай бұрын
If they weren't selling for INSANITY the prices wouldn't be insane.
@kadenen
@kadenen Ай бұрын
What you think a car company should be is not what a car company thinks it should be. They care about profit. And if manufacturing high end cars only for the upper class makes them more profit than base level trim cars for the average folks, that's what they will do.
@tomsmith2013
@tomsmith2013 Ай бұрын
@@kadenen No. They will do both so long as there are people who will buy them at a profit. They make what's selling. Just that simple.
@steviepruett9232
@steviepruett9232 Ай бұрын
All the CEOs are out of touch they all should be replaced they haven't worked a day in their life in a very long time so they don't know how it is to be on the top of the totem pole where you can't even see the ground very well
@dreamachines8584
@dreamachines8584 29 күн бұрын
I went to a toyota dealership to buy a light bulb for my 4 runners head lamp. One light bulb was $40! They had over 40 employees sitting on their behinds doing nothing! Car dealerships are a huge scam.
@jameskotel6387
@jameskotel6387 29 күн бұрын
Went to get a full sized spare. 786 for just the rim in my Highlander.
@dreamachines8584
@dreamachines8584 29 күн бұрын
@@jameskotel6387 sheesh. They are out of control!
@leechapa7279
@leechapa7279 29 күн бұрын
I use to work for a rent a car company. I know for a fact that the dealership always charges 3x more than what they should. Even for aftermarket parts.
@MrBlacxkcobra
@MrBlacxkcobra 29 күн бұрын
How much if u brought it a AutoZone
@SaintLaurent9269
@SaintLaurent9269 28 күн бұрын
How do you really feel dawg 😂
@nachoproblem
@nachoproblem Ай бұрын
This is 100% the fault of the greedy corporations and the greedy executives of those corporations. In the 1960s, CEO pay was 20 times that of their average worker pay. Now they are making over 400 times that of their average worker pay. Since the 1970s, CEO pay has increased by more than 1200%, meanwhile the typical worker pay has only increased by about 18%. Maybe they should consider drastically cutting their CEOs and upper managements pay and benefits and cutting the prices of their crappy products. Their business model isn't sustainable long-term. They are expecting all of their workers to work for scraps and buy their overpriced products while the executives drink their workers blood, sweat and tears while laughing at their struggles that they contribute to.
@od1452
@od1452 29 күн бұрын
Yes.. Rationalized Greed.
@markberman8958
@markberman8958 29 күн бұрын
100%! Perfectly said.
@JR-of5hp
@JR-of5hp 22 күн бұрын
It’s the result of printing fiat currency
@bobocaterpillar3697
@bobocaterpillar3697 Ай бұрын
amazing how the first thing they do is layoff workers, rather than LOWERING the car price!!
@od1452
@od1452 29 күн бұрын
I suspect that is to worry the government. I think they don't want a pricing war so Manufacturers aren't dropping prices . I suspect the public is expected to bail them out..
@kyubbikcat2281
@kyubbikcat2281 29 күн бұрын
@@od1452I don’t think anyone is going to care about a price war over cars.
@MM-ex4gg
@MM-ex4gg 28 күн бұрын
Yep. This is the cycle. As a business owner that is ALWAYS ahead of the trend it shocks me that these high education people repeat and repeat. In truth they don't care about the consequences - you get paid high level executive salary then move on when the company fails or you've been fired. These people stay pretty well above water....
@exaltedone2799
@exaltedone2799 25 күн бұрын
All part of the plan.
@jeffm2787
@jeffm2787 Ай бұрын
People finally waking up to not spending stupid prices for the same crap. Make America great again, how about make America affordable again. House, groceries, cars, trucks, it's all gotten out of hand.
@dustincollins16
@dustincollins16 Ай бұрын
4 more years of biden will make it all better
@christopherplessinger4664
@christopherplessinger4664 Ай бұрын
Companies never miss an opportunity to exploit a crisis to raise prices.
@TheImvaltor
@TheImvaltor Ай бұрын
100% Facts
@co6308
@co6308 Ай бұрын
FJB!
@wa210
@wa210 Ай бұрын
@@co6308 Fdonthecon
@aflood3446
@aflood3446 Ай бұрын
My husband works at a tire manufacturer. They've cut out ALL overtime. They can't sell tires. It's only a matter of time before layoffs start happening.
@michaelj6392
@michaelj6392 25 күн бұрын
Damn. Because tires are pretty non negotiable. When you need em, you need em.
@aflood3446
@aflood3446 25 күн бұрын
@@michaelj6392 to be fair, they have a lot of back stock... but they also make ties for new cars and those aren't selling either
@joewoodchuck3824
@joewoodchuck3824 21 күн бұрын
That's the ripple effect of low car sales.
@aflood3446
@aflood3446 21 күн бұрын
@joewoodchuck3824 oh, I know... they've had lulls in the past, but never like this.
@schwenda3727
@schwenda3727 20 күн бұрын
Damn… even in the day & age of low profile tires on the majority of ALL vehicles with ANY options above base trim?! Low profile’s are far more delicate than full sized tires that were commonplace not all that long ago. Said regular tires can absorb FAR more abuse than a low profile tire.
@freddylawson5211
@freddylawson5211 29 күн бұрын
I watched 3 cars get repo'd this week alone. One Guy had a brand new Tundra and lost his job. Watched it get picked up last night
@nickduenez1295
@nickduenez1295 28 күн бұрын
It’s sad but crazy! I know over here in Tennessee I see it everyday, repo guy lives down the street from me. His lot is always at 100% capacity for the last year or so.
@largol33t12
@largol33t12 22 күн бұрын
@@nickduenez1295 I believe you. I have seen a few videos about repo lot owners and they are nervous because their lots are full and yet their workers are still being sent out on assignments. Brandon even visited one in a video and I still couldn't believe how massive the repo lot was. And a lot of these vehicles were nowhere near 8 years old!
@brianjohnson3833
@brianjohnson3833 Ай бұрын
The word that comes to me is GREED. I have no sympathy for the large car dealers at all. They burned us for years. Prices need to fall another 20% or more 83 million people cannot buy a car. That's insane. Someone needs to start making cars around $20,000 to $25,000 and they would kill it in the market!!
@lot2196
@lot2196 Ай бұрын
Greed just started the last three years?
@TobaccoRowe1960
@TobaccoRowe1960 Ай бұрын
$15,000
@drmodestoesq
@drmodestoesq Ай бұрын
That would mean that they have to get rid of the bells and whistles and sell something like the Toyota Hilux. Which is sold all over the Third World. But then you can hear the whining bltches complain that they don't have a button and a servo motor to wipe their__________fill in the blank. The Madison Avenue geniuses or genii (if you prefer) have told people that their precious, delicate high maintenance personalities are a sign of machismo. That's almost up there with telling people that addicting themselves to smoking is a sign of rugged individualism and self-determination. Now that was absolute genius.
@sachinnair91
@sachinnair91 Ай бұрын
Carmakers have become very greedy. None of them want to make affordable cars anymore because the profit margins are too thin. They only want to make huge expensive trucks and suvs
@rsxboss302
@rsxboss302 Ай бұрын
A Ford Maverick base model is around 25k and they sell right away . The big 3 will get bailed out again , they didn’t learn anything . They make huge overpriced shitboxes that mechanically total themselves right Outside of warranty and people Keep buying them.
@immortaldeadfast5530
@immortaldeadfast5530 Ай бұрын
Anyone who pays 75k+ for a vehicle is a bloody fool and they deserve to live with those thousand dollar payments for every bit of the ten year contract they signed up for.
@drmodestoesq
@drmodestoesq Ай бұрын
Exactly. We all want to blame P.T. Barnum....but we should reserve a little or a lot of blame for the endless stream of suckers.
@hugh261
@hugh261 Ай бұрын
75K? Add all the interest paid over that 10 years and you're over double that. That kind of money, invested well, can make a huge difference when you hit retirement.
@drmodestoesq
@drmodestoesq Ай бұрын
@@hugh261 I'll pile some more on. What does a house cost in San Francisco? An insane amount of money. But if you're retiring you can live in a town 100 miles away from a large city and have giant back yard. Houses there are a fraction of the booming city price. That 150 grand will go a long way to the purchase of that retirement house.
@Rjisawake
@Rjisawake Ай бұрын
Agreed 😂
@dave3657
@dave3657 Ай бұрын
Well if you’re buying an exotic sports car, I can see it. 🤔 But for a pickup truck? 😂
@bernardopena1601
@bernardopena1601 Ай бұрын
Also the insurance is crazy. I'm paying $299 a month for my 2018 5.3lt 4x4 Silverado. Perfectly clean driving history at 28. Same insurance company for 10 years.
@billbuschgen520
@billbuschgen520 28 күн бұрын
My prices have gone way up as well.
@joewoodchuck3824
@joewoodchuck3824 21 күн бұрын
It's time to shop around for insurance buddy.
@moderngod1
@moderngod1 Ай бұрын
It would be cool to see the financial breakdown of how much the dealerships are having to pay daily or monthly to keep these cars on their lots
@firemedic2442
@firemedic2442 Ай бұрын
All CEOs and upper management should be fired now. No golden parachutes either just unemployment line. That money should go to people who actually work for a living
@lot2196
@lot2196 Ай бұрын
Go do her job if it's that easy.
@firemedic2442
@firemedic2442 Ай бұрын
@@v-2010 you devouring their semen sample is not going to get you hired as CEO bum. Stop deepthroating the 1%
@williamrose7184
@williamrose7184 Ай бұрын
Take a look at the current car market? I would say yes we all know better than a whole team of international fucking morons. Guaranteed you got a Covid vaccine and probably still wear a mask because of international teams.
@kushkingla7385
@kushkingla7385 Ай бұрын
@@lot2196I’ll take it. Please forward me the contract with pay/benefits and time off. Also the company credit card, thank you.😊
@ELECTRIC_WIZARD_
@ELECTRIC_WIZARD_ Ай бұрын
@@v-2010 sounds like you a money grubbing ceo chump but i could be wrong since homeless have phones too
@allencoffland1685
@allencoffland1685 Ай бұрын
majority of Americans can't afford an emergency $1,000 payment, so obviously $80k for a truck is out of the question
@y.cschmidlin8172
@y.cschmidlin8172 Ай бұрын
But don't worry more helicopter money will come soon. The printing machine is running hot
@myytchannel6632
@myytchannel6632 29 күн бұрын
Half of Americans or more than half live paycheck to paycheck. That is how the system is set up. To keep us in some serious debt.
@MoogleMoger
@MoogleMoger 29 күн бұрын
​@y.cschmidlin8172 there not printing money for you to use genius it for the politicians and Israel
@scottiswatchingtele
@scottiswatchingtele 28 күн бұрын
Let me get this straight- CEO’s are put in place by blackrock. Stellantis is Peugeot But when the unions strike a deal for a 40% pay rise They’ll make enough to last a year then close the plant Forever The fiat hornet takes no kidding 424 days to sell. At $38k So all we hear is affordability- but is not loan ability And no one messes with unions before another fraud election
@deepzone31
@deepzone31 28 күн бұрын
@@MoogleMoger And to inflate things for plebes so there is more state control. Tax, inflate, take.
@AboveStars
@AboveStars 29 күн бұрын
How long can this continue??? It's insane, I literally haven't seen the car lots in my city this full since 2008 - 2009. That's not a good sign.
@atalleywak
@atalleywak 29 күн бұрын
People broke, losing jobs...The market for 15 year old well-cared for Hondas and Toyotas is about to 'splode.
@ms.p6828
@ms.p6828 21 күн бұрын
My Honda is a 2016 with 125K on the dash and “ They see me rolling, they hating” ☠️☠️☠️☠️🤣🤣🤣. I ain’t getting rid of it.
@robertturner6249
@robertturner6249 Ай бұрын
Everything is crazy. My house i paid $220k for 20 years ago is now $875k. That's insane. The thing is I can't buy another one of equal size and quality in my area for less than $1M. The world has gone mad. People can't take this any more.
@rickreese5794
@rickreese5794 Ай бұрын
Depression Incoming 🤪💯😩🤮🙈
@mccluremetalworks4214
@mccluremetalworks4214 Ай бұрын
Most homes that use to be $100,000-$150,000 range,3 bedroom 2 bath house 1200sq ft are now $190,000-$250,000 range,absolutely crazy!
@Bergamot88
@Bergamot88 Ай бұрын
Where do you live ​@@mccluremetalworks4214
@y.cschmidlin8172
@y.cschmidlin8172 Ай бұрын
You should move to southern Europe. It is cheap and the qualify of life is by far superior
@eaglevision993
@eaglevision993 29 күн бұрын
I have the old receipts of the house my grampa built that I now live in after I remodeled everything myself. He paid 135k new in 1980. After some work and an addition it was valued at 1.7 million. Income has not gone up 12-15 fold since 1980. But house prices have.
@WTF-sh4is
@WTF-sh4is Ай бұрын
I live in CA. Starbucks Nitro Cold Brew drink went from $5.45 to $6.55 overnight. Vote with your dollar. I’m done
@drmodestoesq
@drmodestoesq Ай бұрын
Been making my own coffee since before people heard of Lindbergh.
@CascadeGamer
@CascadeGamer Ай бұрын
And yet starbucks makes a gross profit of 25 billion dollars from march 2023 to march 2024. They are raising prices to maintain profit margins NOT profit. They can eat the cost of increased labor and still make a profit. This is done due to pure greed. The fact of the matter is wages should never have been stagnant for decades and businesses have made record profits for decades...it is high time they be forced to pay up...they do this because they can not because they have to.
@randywhelchel4674
@randywhelchel4674 Ай бұрын
Make your own Delonghi “magnfica” once u set the Preferences Grains pulls her shots perfectly every time when you could even stay milk with the wind my wife is a coffee snob and loves it
@External2737
@External2737 Ай бұрын
Anyone buying take out coffee is burning money. It isn't hard to setup to brew a thermos in the am and take it with you.
@jgringo5516
@jgringo5516 Ай бұрын
I’ve never been to Starnuts. I make the stuff at home for pennies. Cheap poopin’ Ammo.
@dewalterdrills5643
@dewalterdrills5643 29 күн бұрын
They would rather fire their employees then drop prices of the vehicle makes no sense
@waynemerry8976
@waynemerry8976 29 күн бұрын
The biggest problem in the EV market is charging centers.
@joewoodchuck3824
@joewoodchuck3824 21 күн бұрын
We just got our first two chargers that I'm aware of in my city of 72k+ city. I've never heard of any at lodgings which makes overnight trips pretty much impossible.
@medicropper
@medicropper Ай бұрын
The most expensive, top of the line, full size pickup with a diesel engine and 8’ bed should be $55k tops.
@blablableep6811
@blablableep6811 Ай бұрын
Mr. Powell says otherwise. If it's not CPI then it's not his problem
@doctordetroit4339
@doctordetroit4339 Ай бұрын
And a Big Mac combo should be 6 bucks top......oh wait.
@wa210
@wa210 Ай бұрын
No way. No truck is worth over 40k. Actually less.
@simonjusticier333
@simonjusticier333 Ай бұрын
Say it again for those in the back of the class room 🤣. Might I say, 55k should be the otd, out the door price, because if you allow them, the marks ups, taxes etc will bring it back up to 60k+.
@fugufishfive
@fugufishfive Ай бұрын
Hell no, at least $130,000 starting off, unjustified!
@glennpiller9417
@glennpiller9417 Ай бұрын
Jeep will never run out of work for its repair technician s😂
@greglane3978
@greglane3978 Ай бұрын
Buy a jeep. Put a mechanic's kid through college.
@tombob671
@tombob671 Ай бұрын
True
@sallyxxx6724
@sallyxxx6724 Ай бұрын
Been there! Done that! 😂
@mays9185
@mays9185 Ай бұрын
False 4 yrs 0 issues
@JimisTeef
@JimisTeef Ай бұрын
Jeep dealership near me charges $270 per hour labor rate
@gordonmills2748
@gordonmills2748 29 күн бұрын
The car market is (still) nuts. I have a 2016 BMW with 50k miles, and I'm hanging onto it because a freaking used Camry would cost more per month. As far as "passing on the costs to the customers," if the CEO makes 10s of millions and decides to lay off 10 percent of the workers rather than taking a 10 percent pay cut, then the problem is NOT the workers pay. The problem is the greedy executives.
@largol33t12
@largol33t12 22 күн бұрын
How do you have a 8 year old vehicle with only 50,000 on it? My car is a '16 VW GTI and it's past 60,000 even thought I only drive it five days a week.
@gordonmills2748
@gordonmills2748 21 күн бұрын
@@largol33t12 When I bought it (December 2021) it only had 23k miles.
@anorthernhiker
@anorthernhiker Ай бұрын
For every job at the plant that is lost, 9 jobs are lost at the companies that supply the plant
@deepzone31
@deepzone31 28 күн бұрын
Hopefully the white collars making decisions are also taking a hike too.
@joewoodchuck3824
@joewoodchuck3824 21 күн бұрын
People forget about the ripple effect.
@Kragum24
@Kragum24 14 күн бұрын
Especially the auto industry, because of the hundreds, or thousands of parts on each car.
@snotbubbles3276
@snotbubbles3276 Ай бұрын
$80k loan is $1550 a month for 60 months. $14k in interest alone. With Good credit.
@americanbadass88
@americanbadass88 Ай бұрын
no thanks i'll stick with my PAID OFF car i currently own. It might not be the coolest car or win any awards but i aint in debt over it either.
@Laney_75
@Laney_75 Ай бұрын
​@@americanbadass88I hear ya. We felt that way until we were hit by someone running a red & totaled our car. Totally screwed going for a replacement in this market.
@michaelcostin2384
@michaelcostin2384 Ай бұрын
And these stupid dealers continue to add the additional rape add-ons. Idiots 😂
@y.cschmidlin8172
@y.cschmidlin8172 Ай бұрын
It is peanut. Right? But of course only if you are a millionnaire
@KidDynamite6
@KidDynamite6 29 күн бұрын
In 2013 i paid 1374 a month for 83945$ at 3.9% for a new loaded z06 aint no fn way its that cheap try 1700-1850 now w the rates…you wanna get your moneys worth and spend 100k+ get a new s class i did and you get all your moneys worth
@melaniekeen3611
@melaniekeen3611 Ай бұрын
Keep your vehicles as long as you can
@urimtefiki226
@urimtefiki226 Ай бұрын
I have mine for more than 20 years, never had a new car in my life, still fighting with my existence, even the food is hard to pay.
@DeLaTr0ll
@DeLaTr0ll Ай бұрын
Too bad I have a Kia soul, it’s 6 years old and unless it blows up or gets stolen I’m driving it.
@largol33t12
@largol33t12 22 күн бұрын
That's why I buy my cars stripped. My VW has no auto ac, no GPS, no fancy 8 speed manu schmamumatic with flappy paddles (they don't even improve the performance, I've tried one). Hell, I don't even have an automatic. It's a 6 speed manual. Best antitheft device around and it costs nothing! Left my car unlocked because the battery died. Came back 2 hours later with a new one and it was still there.
@BGD.2980
@BGD.2980 29 күн бұрын
You lost me when you showed us a hybrid Jeep with a 2.0 engine was $75 grand! HAHAHA
@martinarmas1469
@martinarmas1469 29 күн бұрын
These car manufacturers better not ask for a bailout on tax payers dime. They did it to themselves.
@stewartsmith1947
@stewartsmith1947 Ай бұрын
I am 77 and have been a mechanic since I was 14. Never had a car payment . Still fixing stuff ! Life and pocketbook are healthy !
@iwishpeoplecaredagain
@iwishpeoplecaredagain Ай бұрын
God bless you sir
@jgringo5516
@jgringo5516 Ай бұрын
Ahhh yeah!
@ronaldmcgivney3012
@ronaldmcgivney3012 Ай бұрын
I am also 77. I started at age 14. I went to US Army Tech school for Tank and wheel mechanics. I have restored many vehicles and now work on MGB's and Triumphs.I have no car payments like you. Life and pocketbook are really healthy. I guess we are from the old school. Keep working and "Don't let the old man in".
@FixItStupid
@FixItStupid Ай бұрын
Same
@thatguyoverthere8355
@thatguyoverthere8355 Ай бұрын
Both my cars are 20yrs old. Matter of fact, never owned a car from the decade we're in at any time😂
@WTF-sh4is
@WTF-sh4is Ай бұрын
That one line got me, Brandon. “Over a million dollars of Wagoneers sitting right here.” Unbelievable
@raymond_sycamore
@raymond_sycamore Ай бұрын
bro people around me in Troy, Ohio are BUYING them. They're everywhere
@duane0373
@duane0373 Ай бұрын
And in the beginning there was Reganomics to give top 2% money takers all tax breaks! Study your history snowflake!
@MrRussianGerman
@MrRussianGerman Ай бұрын
I remember when a brand new Tacoma 4x4 was 36k. Now used ones with 40-75k miles are going for 45k$.
@RedPandas3111
@RedPandas3111 29 күн бұрын
Yeah but also remember when most people made 36k a year
@bracantu1bc
@bracantu1bc 29 күн бұрын
Layoffs instead of dropping the prices is crazy
@artbascomb1336
@artbascomb1336 Ай бұрын
Her pay fell to $27.8 million? How will she survive?
@ELECTRIC_WIZARD_
@ELECTRIC_WIZARD_ Ай бұрын
give me one of those millions and ill be gone for good lol
@TheJohnbjunior
@TheJohnbjunior Ай бұрын
We need to send her money !
@alandecker8912
@alandecker8912 Ай бұрын
I was thinking the same thing
@briandeschene8424
@briandeschene8424 Ай бұрын
Let her know: Clipping coupons from the weekly flyers helps.
@jamesdallas1493
@jamesdallas1493 Ай бұрын
She needs a “go fund me”.
@eddym5532
@eddym5532 Ай бұрын
Well greed is a curse, they were happy ripping off the customers.
@anotheruser5654
@anotheruser5654 Ай бұрын
It's not greed it's mostly central banks and the falling value of the dollar. What do you think happens when trillions of dollars are printed? Correct - it lowers the actual purchasing power of the dollar. We are heading into terrible inflation. Blame greed all you want, this is about the falling value of the US dollar. The sooner you see it and accept it the better off you are going to be.
@mikealeshire2195
@mikealeshire2195 Ай бұрын
​@@anotheruser5654100%
@Falcon2609
@Falcon2609 Ай бұрын
​@@anotheruser5654BS
@YesYourRight
@YesYourRight Ай бұрын
A car payment today was what I used to pay in rent for a 2 bedroom apartment back in 2015. That was only $700 a month in rent.
@DrEd-th2lu
@DrEd-th2lu Ай бұрын
It is Bidenflation not greed.
@RobinJames-xm5ot
@RobinJames-xm5ot 29 күн бұрын
Hallelujah!!!! God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻jesus paid my debt ...was owning a loan of $ 47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $ 8,000 and got my payout of m $ 270,500 every months,God bless Chloe Linda Henderson 🇺🇸🇺🇸🇺🇸..
@ThomasNicc
@ThomasNicc 29 күн бұрын
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.
@DaveJr-qg9ig
@DaveJr-qg9ig 29 күн бұрын
Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.
@RachelZara-nn7pd
@RachelZara-nn7pd 29 күн бұрын
She's a licensed broker in the states 🇺🇸
@RachelZara-nn7pd
@RachelZara-nn7pd 29 күн бұрын
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
@ArrDee-md4yn
@ArrDee-md4yn 29 күн бұрын
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
@tood6459
@tood6459 29 күн бұрын
75K for a Grand Cherokee is beyond insane.
@michaelh370
@michaelh370 Ай бұрын
Railroad freight conductor here who works in a yard with mainly autoracks (car haulers). Huge drop off in total volume of cars in the past few months. Nobody is buying this shit.
@y.cschmidlin8172
@y.cschmidlin8172 Ай бұрын
Huge drop off in total volume cars? I am wondering why
@michaelh370
@michaelh370 29 күн бұрын
@@y.cschmidlin8172 No idea, but we are currently storing empty racks.
@lauralee5313
@lauralee5313 Ай бұрын
Letting a car sit on a lot in the hot sun for 2 years is the worst thing you can do to a perfectly good car they should go for half the price before they permanently ruined and useless....greed is so wasteful and destructive.
@johnhix484
@johnhix484 29 күн бұрын
It’s a waiting game but regardless of which way it goes, the consumer looses. So don’t consume!
@myfakeguuglaccount8307
@myfakeguuglaccount8307 29 күн бұрын
Who cares if people are losing their jobs, and they can't buy cars or homes? We got no more mean Tweets! 🎊🎉
@TheMrgoodmanners
@TheMrgoodmanners 21 күн бұрын
lol what do you think trumpo is going to do to help you with this situation?let me gues, tax cuts ryt?
@myfakeguuglaccount8307
@myfakeguuglaccount8307 20 күн бұрын
@@TheMrgoodmanners Last time he was in office, he created an economic environment which grew my portfolio over $1 million over his term. The Dementia-stricken fool currently in office lost me $400k in his first two years. I have the receipts. LOL.
@Outsider.Reviews
@Outsider.Reviews 29 күн бұрын
Yeah I love how Tesla fan club channels like spinning these layoffs as a good thing 😂😂😂.... WHAT!?
@jaystrock613
@jaystrock613 Ай бұрын
CEO's that Make 30 million a year can not figure out that regular people need regular, inexpensive cars.
@TheJohnbjunior
@TheJohnbjunior Ай бұрын
The president gets a half million a year to run the country, and they get 30 million to run a company ? Doesn't this seem a tad high to anyone ?
@jgringo5516
@jgringo5516 Ай бұрын
@@TheJohnbjuniorboth are too much. Trump donated his Pres salary at least. No so much for scarecrow Joe.
@wa210
@wa210 Ай бұрын
They know and they don't give a cra*.
@pmscalisi
@pmscalisi Ай бұрын
@@TheJohnbjuniorthe president gets plenty of under the table money.
@kinjunranger140
@kinjunranger140 Ай бұрын
$50/hr union jobs, and free insurance are the reason. Not the money the CEO makes. I am astonished people still think "unions is gooder".
@TheRealAriLove
@TheRealAriLove Ай бұрын
I watch these videos just to make me feel amazing that my car is paid off 😂
@jgringo5516
@jgringo5516 Ай бұрын
Yes indeed!
@DevsScents
@DevsScents Ай бұрын
🤣🤣🤣💯💯💯💯💯
@rickreese5794
@rickreese5794 Ай бұрын
My 06 Rubicon is running GR8 💯👍😎
@shadowfax9177
@shadowfax9177 29 күн бұрын
Oh yeah!
@bandjolyn
@bandjolyn 28 күн бұрын
​@@rickreese5794Nice! My 04 Rubi is running like a top!
@peterwilson8039
@peterwilson8039 Ай бұрын
I knew this was going to happen. They tried to get us to buy electric cars, and when we didn’t go for it, they decided to jack the prices and curtail the supply!
@norduferhandel4512
@norduferhandel4512 28 күн бұрын
And the EV's are more expensive than a IC vehicle...
@jclements65
@jclements65 29 күн бұрын
39.5 million salary. For one year! 760 Thousand dollars a week is Stelantis CEO’s salary, How can they justify that,
@robertjones6248
@robertjones6248 Ай бұрын
Its not the type of vehicles that is the problem. EVs, trucks, or otherwise. It's the fact that manufacturers demand insane profit on each unit. I have not seen any compelling data that supports vehicles costing 100% more to make versus 2018. Consumer grade trucks (LT, XLT, etc) used to start in the upper 30s and now start in the upper 60s. That's greed, pure and simple. That ugly dodge you pointed out would have been 18k pre-Covid.
@marcd6897
@marcd6897 Ай бұрын
💯
@hochhaul
@hochhaul Ай бұрын
Profits from truck sales are being used to cover the losses on all the EV's.
@robertjones6248
@robertjones6248 29 күн бұрын
@@hochhaul These companies are using EVs as the villain so no one questions their poor decisions. New product lines incur extra costs that take time to move into profit. That's just the nature of doing business. Were EVs the actual problem, we would have seen prices increasing crazily precovid as they were building out their lines before. GM with ELR, Bolt, Volt, etc. Nissan with Leaf, etc etc. Stelantis doesn't even have an EV offering and their prices still doubled during Covid. It's greed.
@joebrandon1730
@joebrandon1730 29 күн бұрын
No, it's everything you said plus EVs completely and utterly suck. There's nothing about them that is better than a regular gas powered car. They don't even produce less pollution. They actually produce more
@hochhaul
@hochhaul 29 күн бұрын
@robertjones6248 when did the ford lightning come out? The Hummer EV? The Jeep EV? Bolts were a fraction of the cost to make compared to heavy trucks. Ford was losing money on every Lightning they sold even before they began cutting prices.
@theirishman088
@theirishman088 Ай бұрын
I just got pushed out of a dealer that I worked at for 14 years.. Never saw it coming..We just had a billionaire buy the place a year ago and has screwed it up so much we have lost half of our business. They are cutting corners on materials they use on your cars! The guy they kept uses half the amount of paint on a job to save them money.They still charge your insurance full price but screw you over big time. The paint doesn't even match.. unreal!
@yanglue611
@yanglue611 Ай бұрын
No kidding. A friend of mine who works on auto body told me the same thing. You wouldn't call that quality. I've used to work for Napa during my college time. Holy mackerel!! A gallon of Marvel Red (one of the expensive colors) cost like $145. There was another order for 2 gallons of ocean blue. Cost you $300. Just to let you know these were the price of the "medium quality" paint. The expensive ones....We know where this is going. I mix these paints and chemicals in a specific way and by golly, I have get each and one them with correct measurement. If not, the store loses that money on wasted resources to do it again.
@y.cschmidlin8172
@y.cschmidlin8172 Ай бұрын
Desperate attempt to salvage a busienss that will go under soon. Pathetic move
@theirishman088
@theirishman088 29 күн бұрын
@y.cschmidlin8172 it's really unfortunate. I have 2 little kids, and they could have cared less. This owner is buying up pro volleyball teams while they act like paying us is too hard to do. They kept a new guy who was losing them 40k a month and had to close the other shop they owned until they moved him to ours. This guy uses no sealer on e coat or bumpers, and they love the cash they save (up front). The company could care less it's a 130k escalade they just want it hacked out. I'm still in shock. Would anyone want their new vehicle that now cost a min of 55k hacked? A 150k vehicle hacked? They think the public is stupid. You have already signed for the payment, now beat it until you're ready for a new one, and then we will pay attention to you for that week. The auto industry is disgusting.
@theirishman088
@theirishman088 29 күн бұрын
@yanglue611 I guess that's why they like the guy that uses so little paint it's transparent on your 100k Tahoe. Plus no sealer really helps with protection. Basically they tell you to get lost and no manufacturers will back the customer so you're stuck or pay like 4k out of your own pocket to fix it bc insurance has already paid it and won't do it again.
@theirishman088
@theirishman088 29 күн бұрын
@y.cschmidlin8172 this is why unions are formed and business can't handle them. You need to be held accountable but not them.
@billness2635
@billness2635 29 күн бұрын
I’ve been watching yours and other channels that discuss the automotive and housing markets I’m stunned by inflated MSRP’s, dealer markups and especially the ridiculous $20k to $150k dealerships’ prices gouging! Let alone the banks that lent to 150% LTV and the customers that bought them! Everyone involved are getting what they deserve for this silliness! The last vehicle my wife and I financed was her 2016 Grand Cherokee that we got used in 2017 for $25k @ 1.5apr and paid it off in 2020. I drive a 2008 Nissan Titan that I bought 5 years ago for $12k cash. I have never understood the high prices for new vehicles or how ridiculous buyers are for paying well over MSRP for anything! We will remain debt free by not buying what we don’t need, paying our credit cards off monthly and staying right in our home that is financed at 2.3% with 60% equity. I retired from my career in mid 2021 knowing that by staying debt free, the inflation rate hasn’t hurt my retirement income too badly. My score hovers around 820 and has for years.
@russsnider7375
@russsnider7375 Ай бұрын
Great post! Thanks for sharing! You’re a good dude! Hope all goes well for you.
@RonKnowsStuff
@RonKnowsStuff Ай бұрын
I’m not broke. Know why? I don’t finance depreciating assets. AND I don’t pay retail or fake Market Value pricing.
@PhuckYoutube-dw7su
@PhuckYoutube-dw7su Ай бұрын
I'm not broke. Know why? I pay off all my loans within 3 years, 1 at a time. I buy what I like & could care less what others think of MY purchase
@charmainia1
@charmainia1 Ай бұрын
Ron is smart. Be like Ron.
@bigjorge863
@bigjorge863 Ай бұрын
Ron's the man
@RonKnowsStuff
@RonKnowsStuff Ай бұрын
Thanks for the support!
@zooski1516
@zooski1516 Ай бұрын
Ron you saved my life. Thank you mate.
@Rev.DavidJTowns
@Rev.DavidJTowns Ай бұрын
Why buy a fossil fuel vehicle? when the government says they are doing away with them. Why buy an EV? we all know they are not the answer. So stick with that Vehicle in your driveway and take care of it. GOD Bless
@Silks-
@Silks- Ай бұрын
This is the way. Unnecessary consumerism needs to end. Repair as much as possible
@matttravers5764
@matttravers5764 Ай бұрын
Amen
@DrEd-th2lu
@DrEd-th2lu Ай бұрын
Fossil fuels are not going anywhere. Everyone is just laughing at the Democrats and anyone who listened to them… Car manufacturers get what they deserve for not focusing on QUALITY ICE vehicles.
@typeorulz
@typeorulz Ай бұрын
Absolutely. My Toyota Taco needs to last another 15 years. 💯
@ronniewilliams3691
@ronniewilliams3691 Ай бұрын
Bidenomics is working! Communists love the middle class gets less and less!
@waynekraft7591
@waynekraft7591 29 күн бұрын
I am 73 years old and have not purchased a new car in 25 years. I could pay $100k cash for a new car if I wanted to, but I do not. We have two serviceable cars that we will drive until they break. I am willing to pay thousands of dollars for repairs to avoid paying tens of thousands for a new car, not just because they are too expensive, but because they are generally ugly, poorly designed pieces of crap. If my 2008 Jeep (that I bought 10 years ago from my dad, a lifelong UAW member) is somehow totaled, I will not be looking for a newer car. I will be looking for manual transmission, crank windows, manual seats and door locks and, if diesel, pre-DEF. I know there are cranky old boomer mechanics out there who will repair and maintain such vehicles if they have to fabricate parts from scratch. If there are many more "consumers" out there like me, the auto industry is royally screwed.
@JoeL-re1dc
@JoeL-re1dc 27 күн бұрын
Back in '93 I was shaking my head and saying "nope" to the $20K Ford trucks on a dealer lot. I kept thinking it won't be long before people just say," No, I refuse to pay this for a vehicle." 30 years later, they're still signing the bottom line to put themselves in debt and kill their chances to retire. Load a bunch of overpriced, unnecessary options on a vehicle and someone will buy it. (until the money stops) Maybe we're finally there?
@AFW247
@AFW247 Ай бұрын
Regardless of price, most of these vehicles are not engineered to last even to the manufacturer warranty. Very quickly will be money pit.
@DaveEPie
@DaveEPie Ай бұрын
Exactly
@DanGilliland-pi4vh
@DanGilliland-pi4vh 26 күн бұрын
I absolutely could not agree more, they are not designed and engineered to NOT to last much longer than the warranty period before the castrotrofic cost of so many issues that will be thousands to fix
@USHighway66
@USHighway66 Ай бұрын
I wish some company was still making the small 4 cylinder, manual transmission pickup trucks like Toyota, Nissan and Mazda used to make.
@blazeboyblazeboy4470
@blazeboyblazeboy4470 Ай бұрын
Absolutely!! We need cheap simple vehicles to right the western economy! Idiots are in charge of the west!!
@ArthurSpencer-xk6cu
@ArthurSpencer-xk6cu Ай бұрын
If u own a 2009 or older car or truck hang on to it, parts for newer vehicles with all this high tec. Stuff will be impossible to get in next year or so.
@noseboop4354
@noseboop4354 Ай бұрын
They still make them in other countries. They don't in the US because EPA and CAFE regulations killed them.
@jgringo5516
@jgringo5516 Ай бұрын
I had a couple back in the 80’s and 90’s. Wish I never sold them. I’d buy a new little compact Toyota if they sold them here. $20k. All I need is a/c and power steering.
@blazeboyblazeboy4470
@blazeboyblazeboy4470 Ай бұрын
Got a 2007- 1.5 l Honda fit. Adjustable valve, timing chain simple motor. 5 speed manual. Stiff wide body. Corners very tight. 39 mpg hammer down. Yehaww!!! Haha
@adampagano5361
@adampagano5361 28 күн бұрын
I don't blame the unions for wanting their peice of the pie at all. One too many times they watched the c-suit go to the shareholders and shout "we made shiploads of money!" only to turn around unions and shout "we're broke". Yeah, corporate is right that sales were only going to decline, but the reality is that they made their own bed at that point.
@Poppatino11
@Poppatino11 28 күн бұрын
Wow this is outrageous. Thank you sir for this information, I had no idea this was going on with the car market.
@bryanspayde5681
@bryanspayde5681 Ай бұрын
Here in Ohio a factory that supports makes parts for Honda just laid off 60 percent of their employees…. There went 400 jobs .
@2true359
@2true359 Ай бұрын
Bet they glad they voted Democrat!
@pgjc756
@pgjc756 Ай бұрын
is it announced? I do not see it on the Ohio Dept. of Job and Family services site. What is the name of the company? Thanks.
@hoderharris
@hoderharris Ай бұрын
When ? What company? In Sept 900 were temporary layed off ....Thanks
@alvinlaws9932
@alvinlaws9932 Ай бұрын
@@2true359party systems do not dictate the economy lunch like gas prices. Quit using Fox News as your sole news channel.
@Falcon2609
@Falcon2609 Ай бұрын
​@@2true359Yep, because the Republicans would do worse!
@erocoptics5642
@erocoptics5642 Ай бұрын
Everything is going according to plan
@billbuschgen520
@billbuschgen520 28 күн бұрын
Agenda.
@erocoptics5642
@erocoptics5642 28 күн бұрын
@@billbuschgen520 I still remember agenda 2020 and 1990. It's not hard to see the future they like to brag
@mikapeltokorpi7671
@mikapeltokorpi7671 29 күн бұрын
Yes, for example 14k to 20k laid off from Tesla.
@briankillian5248
@briankillian5248 29 күн бұрын
Brand new to your channel. I'm the "warranty guy" in Utah. I've been in the biz for 38 years. You're 100% on your evaluation. The EV biz is dead. AND I COULDN'T BE HAPPIER. If you ever get warranty or extended warranty questions I'm happy to provide my expertise.
@juliett22
@juliett22 14 күн бұрын
What about the hybrid market? Or is the EV biz dead b/c of the charging station shortage issues? Meaning that the hybrid biz isn't affected by that, etc. Asking b/c I'm looking into buying a hybrid but super nervous about all this chaos in the car market. Thank you!!
@briankillian5248
@briankillian5248 13 күн бұрын
@@juliett22 The ev biz is dead because they simply don't have the range. Not to mention that it takes hours to recharge...and sometimes you have to wait to get into a charging station. Its all due to these "green" assholes that don't have a clue as to what reality is.
@user-vi8ry9hq8j
@user-vi8ry9hq8j Ай бұрын
I bought a house on 120 acres and paid less than a loaded new 4 wheel drive pick up.
@ThatGratefulGuy
@ThatGratefulGuy Ай бұрын
Good move! Id love to do that. Im curious, What year did you buy your land? What state are you in? Do you use your land productively?
@bignspicy984
@bignspicy984 Ай бұрын
The American dream is dead.
@user-vi8ry9hq8j
@user-vi8ry9hq8j 29 күн бұрын
@@user-wc8lu7qd2m 2009
@user-vi8ry9hq8j
@user-vi8ry9hq8j 28 күн бұрын
@@ThatGratefulGuy 2009 upper peninsula of Michigan
@eraander81
@eraander81 Ай бұрын
Can't believe selling 30000 dollar vehicles for 90000 wasn't a sustainable business.
@y.cschmidlin8172
@y.cschmidlin8172 Ай бұрын
Yes i am also puzzled
@Greg-ly2rz
@Greg-ly2rz 29 күн бұрын
Inflation and rising interest rates should have been a wake up call to the automakers. No, they continue to make vehicles most people cannot afford now. And the salt in the wounds are the dealer add on’s.
@jessies6502
@jessies6502 29 күн бұрын
There's something going on here we don't know. Jeep could move everything they've got if they would cut the prices in half. Instead, they fire all their workers and give the CEO a pay increase? That means something is going on that we don't know about, that makes it all make sense....at least, for the uber-rich CEO...
@justinhensley4041
@justinhensley4041 Ай бұрын
The car market struggling is a GREAT thing. That shows it’s not providing anything beneficial to us normal folk. We aren’t going to be the ones buying these overpriced cars.
@winduncan9818
@winduncan9818 29 күн бұрын
Ya, but we'll be on the hook when the bailouts start.
@Twisted86
@Twisted86 29 күн бұрын
Just means Americans are finally broke is all, almost 80% now live paycheck to paycheck.
@connerhead126
@connerhead126 29 күн бұрын
@@winduncan9818 Won't be a bailout this time. Fed already owns it. Next comes the currency devaluations.
@joshkjohnson
@joshkjohnson 29 күн бұрын
​@@winduncan9818 exactly!
@wilfredoburgos3454
@wilfredoburgos3454 Ай бұрын
Here in California DMV has reported that Tesla registrations have dropped by 46%
@hookahman22
@hookahman22 Ай бұрын
I remember "Cash for Clunkers" I bet they do something like that again. To save the major companies like in 2009-2012.
@2MANYCARS
@2MANYCARS 29 күн бұрын
Good stuff man, when my kid goes to college in 6 years, we will come to you for sure from NY, to pick up his first car. :D.
@bryanjames7528
@bryanjames7528 Ай бұрын
Car dealerships are inflating the prices. Banks charges high interest rates. Insurance companies are raising their rates. Jobs can't keep raising wages. Why can the average citizen understand these are why products aren't selling but CEO's making tens of millions of dollars can't?? Companies are so out of touch with reality 🙄
@ThatGratefulGuy
@ThatGratefulGuy Ай бұрын
ESG - make more money while selling less.
@americanbadass88
@americanbadass88 Ай бұрын
My car insurance hasn't went down ONE CENT in the past 4 years. and i have a squeaky clean record no accidents no tickets. something has GOT to give the crash is coming.
@wa210
@wa210 Ай бұрын
Actually interest rates are not high. Problem was the younger generation over past 15 or so years got used to and thinking money is free and loans should always be cheap and easy. Still cars and trucks beyond reality pricing and over next few years, lots of dealers will go belly up. Which is a good thing. The stock market and life market are ripe for a major correction. Housecleaning so to speak. CASH IS KING over the next couple years. Hang on and watch. If loaded up with CASH, then be ready to buy much much cheaper. Sellers will be begging for CASH buyers.
@wa210
@wa210 Ай бұрын
@@americanbadass88 Gone down, not went down...just a little help there...feel free to edit
@PHUCKyoutube689
@PHUCKyoutube689 29 күн бұрын
@@wa210 Nah. Inflation is taking care of your cash at 3-9% the last few years. Hyperinflation hits and cash is toilet paper.
@rocinblues
@rocinblues Ай бұрын
In the last 7yrs I've had to buy 3 washing machine. The computer boards went out RIGHT after the warranty expired, I have to wonder if Ford makes all washing machines.
@ericsmith4520
@ericsmith4520 29 күн бұрын
Pretty accurate prediction.going Just like they planned
@ChacoteOutdoorRecreation
@ChacoteOutdoorRecreation Ай бұрын
My advice is to lower those vehicles to within an inch of the ground, then install chain steering wheels. You must know the future customer and their income sources and expenditures, and right now the illegal alien is winning because they are not burdened with housing, food and health care expenses and they receive generous amounts of public assistance, if you look around used shag carpeting can be had at a very fair price and can be repurposed as dash mats, that can really offer value to your new customer base. Replacing cup holders with taco and burrito multicolored rest is also an option. You know if you drive to one of the cartel sectors south of the border you will see many brand-new luxury trucks and rarely any used vehicles. They have no problems paying whatever the murphy sticker list and anything the finance officer talks them into.
@InaSeaofRabbits
@InaSeaofRabbits Ай бұрын
My plan is to wait until the country goes semi/full mad max and then I'm still gonna wait for prices to go down.
@MsQ275
@MsQ275 29 күн бұрын
love this, me too
@MrBlacxkcobra
@MrBlacxkcobra 29 күн бұрын
THAT PART 😎😎😎
@WTF-sh4is
@WTF-sh4is Ай бұрын
You know what’s funny? Back in the day, I used to look at people with brand new trucks and think “wow! That dude must have money! That truck looks really nice!” And then just be envious. Now, I see people with brand new trucks and think, “wow! That dude must have no brains! Guaranteed he got taken advantage of by the dealership finance officer! I bet he’s paying at least 10% interest on his loan!” And then just roll my eyes…….people don’t care about the “status symbols” these days. And the people that do, well they literally have no brains.
@Falcon2609
@Falcon2609 Ай бұрын
Facts
@drmodestoesq
@drmodestoesq Ай бұрын
I agree wholeheartedly and disagree. People do care about status symbols. Any one who's not stupid cares about owning your own fully detached house. Instead of a depreciating pile of sheet metal.
@doctordetroit4339
@doctordetroit4339 Ай бұрын
I'll bite. When I drive my expensive, beautiful rides around.....and get tons of compliments....I say thanks. I drove beaters my young life. I will never drive nor pay for anything that I do not want to be strutting like a peacock driving around. Or driving another around. I can afford it. I worked hard for it. Driving my rides are pure joy. Reminds me when I am having a bad day just how good I have it. I have expensive (you would say overpriced) cars that so good that are several years old that I would still rather have them than a new, cheap POS. I have a very expensive truck that drives like a Benz. And has an interior to match. I didn't pay 10% to finance....nowhere close. I pay my bills and have good credit. So enjoy driving your beater. I'll live life. Have you seen the price of a Big Mac combo lately? It's not greed. It's inflation. The real rate, not gov lies.
@davidallen2682
@davidallen2682 Ай бұрын
Yes, it’s a sign off stupidity and keeping up with the jones’s
@ADREISTER
@ADREISTER Ай бұрын
@@doctordetroit4339 I'll bite... It's not greed, as much as it is jealousy. Jealous they didn't make better choices. Jealous they had the wrong priorities. I'm poor and I know why, but my motorcycle is paid for and it brings me as much joy as anything else could. Hate the haters. Never apologize for your success. Good for you, man. Keep it up.
@J_CO
@J_CO 28 күн бұрын
Great video my dude! Very informative.
@JCreole
@JCreole Ай бұрын
It all started when idiots started paying over MSRP and dealers kept raising their prices because fools kept buying. So what does manufactures do? They told dealers to stop but they didn’t listen so they raised their prices to the dealers. Now everyone is screwed.
@WK_MERCURY
@WK_MERCURY Ай бұрын
Maybe those corporate bosses that are tanking the companies should be getting laid off instead.
@drmodestoesq
@drmodestoesq Ай бұрын
I respectfully disagree. They were soaking the suckers in a good economy with low interest rates. Now it's a new reality. Us oldsters have seen this before.
@BlessYourHeart254
@BlessYourHeart254 Ай бұрын
This is the result of greed, carmakers targeting the “up-market” demographic. Not sure where they thought all those up-market customers are in this age of inflation. The fact that they let the sit on the lot for 2 years tells you what you need to know. 🤦‍♀️ They only care about the stockholders and not customers.
@tz8785
@tz8785 29 күн бұрын
The problem isn't so much targeting up-market but neglecting or actively abandoning the rest of the market.
@jrtay1083
@jrtay1083 29 күн бұрын
It’s not people can’t afford those prices. It’s people don’t want to pay those stupid prices for vehicles.
@sarahpoisel6734
@sarahpoisel6734 29 күн бұрын
Yup, boss was talking about this in today’s meeting Looks like some middle management getting the boot
@truckinontherun
@truckinontherun Ай бұрын
Im a owner operator trucker and haul steel coils for the Midwest car manufacturing industry. Been kinda slow lately but no loads today or tomorrow👀 I’ve prepped for a down turn but hoping for enough work to keep things running and insurance paid.
@JohnDoe-ih6mj
@JohnDoe-ih6mj 29 күн бұрын
Oil field bro
@truckinontherun
@truckinontherun 29 күн бұрын
@@JohnDoe-ih6mj I’ve heard you can make good money doing that. I’m linked in with this, it’s all local work and I have a specialized coil trailer can’t use it for anything but coils🤦‍♂️I’m in Ohio if this falls off I’ll probably haul grain for a while or grab a flatbed?
@Revenant_Knight
@Revenant_Knight Ай бұрын
Very simple: Prices are too high. Rebates too low. Interest too high. Reliability too low. Dealer mark-ups too high. Dealer ethics too low. You forgot that the fast food companies have a third option: Take lower profits.
@absolutetuber
@absolutetuber Ай бұрын
reliability is whats killing me. i bought a new 2021 tacoma after months of research (it was like a second job with all the hours i invested). three weeks ago, less than 24k miles....the damn thing broke down and i had to haul it to the dealer. it was fixed under warranty but i'm beyond disappointed and just want to get rid of the stupid thing
@Revenant_Knight
@Revenant_Knight Ай бұрын
@@absolutetuber It seems that there is a race to the bottom for reliability. I would feel confident with a Honda or Toyota before, but not as much now. That said, Jeep/Mopar/Stallantis still own the bottom rung of the ladder for reliability from my personal experience.
@lili2u405
@lili2u405 Ай бұрын
Underscore: Dealer ethics are too low!
@lespaulguitarist92
@lespaulguitarist92 Ай бұрын
@@absolutetubermight just be a one time fluke.. give it another chance
@Ironsja11
@Ironsja11 29 күн бұрын
Everybody who wanted an electric vehicle got one, so that niche market is satisfied and sales are done. Also because of FJB nobody can afford a 85k truck anymore.
@InBrz
@InBrz 12 күн бұрын
youre stoop d
@mikegonzalez8071
@mikegonzalez8071 29 күн бұрын
$80K for disposable shit boxes too. Amazing times we’re living in. Great policies of this “leadership”
@TafferBoyElvis
@TafferBoyElvis Ай бұрын
No one has money for new vehicles anymore. Jeep and Ford are among those who are delusional at their pricing.
@wa210
@wa210 Ай бұрын
They all are, including Tesla. Bring back the horse and buggy.
@tessa7778
@tessa7778 Ай бұрын
And Jeeps are money pits. I know cause I have one. Maybe the newer ones are better but from what I’ve read and heard they all suck.
@IndianaJoe0321
@IndianaJoe0321 Ай бұрын
Watch the government bail them out with YOUR taxpayer dollars. Remember: government has no money -- except that which it takes from its citizens.
@kennethmcclellan2034
@kennethmcclellan2034 Ай бұрын
Also when the factory workers have to stress about losing there jobs quality goes way down. Hard to do your job properly when you stressed all the time.
@kentharrisgeorgia
@kentharrisgeorgia 29 күн бұрын
I work at both Ryder/GM plant in Spring Hill Tennessee and UPS terminal in Lavergne. Both places have seen a drop off in work. Home values and rent I believe are to blame. They take too much of our wages.
@chucie9265
@chucie9265 29 күн бұрын
Another Great Vid!! Old retired guy here….,really hesitant about having to pay so much for replacement vehicle with scary technology , turbos etc….keeping my car longer these days…..I have to…..and hard to find mechanics, and when I do, it seems the work costs more and more……..also if I may add to the lot rot list, rotors, semi metallic pads and calipers……Keep up the great work speaking frankly……..even though though your “Check Tongue Light” comes on once in a while! lol
@Moonless6491
@Moonless6491 Ай бұрын
So, the CEO gets paid the equivalent of a full car lot while people lose their jobs. What's even worse is car companies are still focusing on high powered, luxury vehicles while purposely cutting out affordability.
@azmike3572
@azmike3572 Ай бұрын
No lack of culprits here, when dealerships have add-ons, as Brandon pointed out, which raises the price that people can't afford which lowers the amount of cars ordered, which causes layoffs at the factory (which historically is nothing new).
@americanbadass88
@americanbadass88 Ай бұрын
Its almost like this is 2008 all over again. NO ONE has learned a thing. just high on the hog till the money dries up. than they will fly into DC on their private jets with hat in hand begging for a bailout.
@cs1992
@cs1992 29 күн бұрын
Stellantis CEO: $20 billion (18.6 billion euro) net profit in 2023, an increase of 11% from 2022 He answers to STOCKHOLDERS, not uninformed customers.
@carlosvelasco4119
@carlosvelasco4119 Ай бұрын
My go to mechanic is loving these expensive new cars he's got so much work fixing 90s - 2000s cars
@DRightOne4888
@DRightOne4888 Ай бұрын
These car dealers were really talking shyt when inventory was low. They were adding thousands in dealer markup and getting it because there were no cars available. Anyone that bought a car in the last two years are way under water right now.
@Runco990
@Runco990 29 күн бұрын
Well, it's good to hear that in these troubling times at least the CEO is ok! 👍
@PHUCKyoutube689
@PHUCKyoutube689 29 күн бұрын
You wouldn't last a day as a CEO so stop. It's regulation and pushing of green tech by politicians heavily invested in Chinese rare earth mineral production amounst other green hustles. All the tech drives up prices and they have to produce so many electric vehicles they can't sell so they offset the loss on vehicles they can but Pelosi and family are making money hand over fist. The CEO isn't the one in charge the investors are and if they take a lose the CEO get fired. Stop with the jealousy.
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