DEALERS ARE DONE! This Is The BEGINNING OF THE END!

There's a major shift happening across the U.S. automotive landscape: car dealership closures. It’s 2024, and more dealerships are shutting their doors than we’ve seen in recent years. Why is this happening, and what does it mean for the future of car buying? In this video I take a deep dive into the data, the possible reasons behind these closures, and a closer look at the statistics.
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[@rodneymiracle3224]

I can't think of 1 person that enjoys going to a dealership or dealing with a dealership. We're all absolutely sick of false prices that don't apply to you. Deception has cost them.

[@alb0zfinest]

There should only be used car dealerships. For new car dealerships we should cut out the middle man and be able to order from the manufacturer.

[@richardmigdalski7910]

I actually enjoy car dealerships lol, I have a lot of fun negotiating

[@LongTimeTTFan]

They’re not closing fast enough. Dealership is an outdated model. There’s a good reason people call them “stealerships.”

[@keremcagintv]

We need to have a Tesla and Rivian style model of operating dealership. Franchisees are being greedy. I saw a used Camry for 21k with 80k miles. What a ripoff!

[@Piketom1]

Buying a anything online is more convenient, but how do you test seat comfort, transmission tuning, ride quality, and brake/throttle pedal feel without test driving the vehicle? How do you test the ergonomics of the cabin without experiencing it in person? A car is not like a smartphone. There are differences between models that are only apparent if you drive them back to back.

[@dvader3263]

Test drive the model you're interested in at a used vehicle lot, from a private party, neighbor, friend, co-worker or friendly stranger. Some manufacturers have demonstrator vehicles which can be taken for a test drive at service centers. It's not difficult.

[@robertfrank886]

And some dealerships won’t allow a test drive without a credit check and more or less agreement that you will buy from them that day.

[@user-hf8ie8mf3n]

Oh you youngsters. This happened when I was a kid in the 70’s, and again in the early 80’s. A family friend worked for a car company, so we heard about the situations now and then. It’ll sort itself out, and what happens next will be the new thing for a while. But it will change again, etc. 👍🤪🏳️‍🌈

[@Mobius03692]

It’s about time , the dealership scams are about to be given their comeuppance’s!! I do not feel sorry for them!!!!

[@dressedtochill]

I feel bad for everyone suffering in this economy but stealerships are an exception

[@matthewgaines10]

This news doesn't seem completely timed to the current market. Inventory is still down but demand is down more. EV demand has softened.

[@TeeDee-j9u]

Let them close for their shady markups, no sympathy. I would buy cars online.

[@xiondFirst]

Yeah just wish I could verify the car with mechanic before purchase. But if new I would buy online.

[@ericanspach1532]

I'd also expect the cost to purchase a new or used car online would be less as the manufacturer would not have to share any incentive costs with the dealers and the dealers would be one less hand in the till (my pocket) to pay. We'd still have to go to a dealer or authorized manufacturer facility for warranty repairs and such, but where you go to have that done is totally up to you. I'd rather take the commission I'd normally have to pay that's baked into a car sale contract and get that TrueCoat (you really gotta have it, so Jerry tells us!) :-)

[@tedandress2741]

Car repair shops booming car sales tanking what a surprise.

[@billsmith2915]

I don't have a garage, so I went to Advance auto early in the morning, buy parts there, and in their parking lot, changed front and back brakes, engine and transmission oil, filters, and new wipers in less than 2 hours. cost me about $350. If I went to a dealership, would have been about $1,200 or more.

[@benqsmith6871]

If you drive in NJ on US9 see how many dilerships on 10 mile road. Millions of cars are on lots not getting sold. NJ and NY EV intensives are cutting sales of traditional cars

[@rodneym9061]

It's easy to be frustrated with excessive mark ups or an exorbitant repair bill. However, competition helps to lower prices, less dealers (less competition) tends to raise prices. I think most people long for the days when customer service was a high priority, and ultimately most people don't want to have to drive hours when even the best vehicles need a minor warranty repair or experience the poor customer service if everything is online (think trying to explain what is going wrong with your car to an overseas operator that can simply hang up when they get frustrated with you). That's where the dealerships offering better service and more reasonable prices should be selling more vehicles. With regards to being frustrated with flat rate hour charges, the flat rate intention is to keep the charges more uniform. While having to pay for 3 hours and it only taking the seasoned mechanic 2 seems a rip off, having to pay 5 hours to a rookie mechanic who was not familiar with that job would be worse. The flat rates are derived from an average time of certified mechanics using hand tools (no air or battery powered) at the factory training center. Penalizing the best mechanics for continually investing in specialty tools to make jobs easier/ faster by paying them less because they are faster discourages efficiency and ingenuity. It is common for seasoned dealership technicians to have over 50k invested in tools that fit in a large rolling tool box. I don't like over paying for a car or over paying for service, but I do think less dealerships equals less service and higher prices. Buying a car online can be great and save some money as long as you are not trading. If you are trading you get less for your car because an appraiser has to be more conservative without seeing and driving the car in person. Anyways, just my 2 cents, maybe the stealerships that close will be replaced with dealerships that value customer service and reasonable prices.

[@bradley7506]

Greed is the reason behind the closures. They are going to learn a huge lesson.

[@rickl124]

I'm OK with some dealerships closing. In some markets there just seem to be way too many and sadly you're just another customer. Also, it's not like they want to really negotiate on their ridiculous prices or offer services at a fair price for their vehicles. If I buy a Chevrolet from a dealership that later needs post warranty service that dealership I bought it from should be giving me a discount for dealership\brand loyalty. i shouldn't be able to get the same service at an independent shop for significantly less. Also book hours for service which is now the standard for ALL dealerships I'm aware of is total BS. If the book says a repair is 4 hours but the dealership's mechanic completes in 2 hours I should only be paying for 2 hours.

[@allenchristiason1922]

If you were ever a mechanic you would change your mind so quick it would make your head spin, you have no clue.

[@needmoney666]

Wow, this is so sad. How will we all survive without the incredibly important 'dealer markups'? /sarc

[@sflscott11]

KARMA! How many of their prior customers are severely underwater in their auto loans because of the greedy markups, scams, fees and add-ons. Talk about short sighted, absolutely no interest in building customer loyalty.

[@EndOfThings77]

The beginning of the end? I am aching to see the actual end.👍

[@boatbound3300]

Its a complete mess & not getting any better. Im waiting for 0% for 84 months

[@reddog3544]

For the most part new vehicles are overpriced, EPA screwed with GARBAGE. Put the blame where it belongs; The 💩🤡at 1600 Pennsylvania Avenue, Washington, DC

[@1225328]

Yes, may be my next vehicle. I will buy online the only thing left brick and mortar buildings to service the vehicles. And that’s it.

[@musclesmouse]

I got my last 2 online. Pre negotiated price. Still came in to pick it up

[@NerdAffiliated]

Im buying online, going forward. I’m tired of feeling like there’s some hidden fee I overlooked.

[@alexordillas6757]

You can still get scammed buying online. Might be fake pics and you end up picking up a lemon.

[@user-gu3cw4qb5v]

Buy new cars online but used, in person. If dealerships close who will do recalls, warranty and regular maintenance?

[@yellowsnowman9157]

Less dealers means less deals More dealers creates competition and options. If you think dealers closing will decrease pricing you haven't seen anything yet

[@supertitantsunami9974]

...which is why we should be able to buy cars directly from the manufacturer, like Tesla does

[@yellowsnowman9157]

@@supertitantsunami9974 direct from manufacturer doesn't mean cheaper prices ... It just means more profit for manufacturers Tesla makes more money let vehicle than anyone

[@robertfrank886]

Dealerships are closing because people wised up and realized the cars they currently have are ‘good enough’ and they don’t need the debt of a new (and very expensive) car. If they do in fact need one, they realize the dog and pony show at the dealership isn’t at all a necessity. New paradigm = let the old one die off.

[@eliteexposure5594]

To all dealerships... Ha... Ha... 😂😂😂

[@TommyG11814]

This is bull,,,,everything you hear is people moving away from electric cars.

[@427bullis]

The government wants to limit where you can go. Cars will be a luxury.

[@boedilllard5952]

I'd love to be able to order online and get JUST what I want - not a stupid package that includes crap like a moonroof. You'd think that paying a lot for an "upgraded" audio system they'd put in decent speakers but nope - you can get the stock crappy speakers or pay $1500 for the slightly less irritating audio system. The last issue is the sleazy sales people - can you imagine if you went to the grocery story and they said oh if you don't finance, we'll raise the price you pay. Oh here is your receipt for your groceries $600 for the "documentation fee" we charge everyone.

[@trackguy4038]

GenX, GenY and GenZ love doing business online. Things will go that way

[@cnn787-i9e]

I ain't paying 40k at 8% interest for any car. Only morons does that

[@kn7671]

The only way the market pre-Covid can remain in place is a glut of inventory and lower interest rates. With manufacturers pulling back on production while interest rates are high, the slimming down will continue. Reminds be of the early 80's when the rates were high, the auto industry had a mini-collapse then as well.

[@devil262786]

I kinda like both options. I do not mind shopping around online once I find one that I like then go to the dealership and test drive and buy it if I like it. 😅

[@mrt4085]

This is by design. It has a lot to do with the coming chaos! The rest of this is all fluff!

[@stilleatn4969]

You are correct.. It's all about controling your ability to move around!

[@TeeDee-j9u]

I wouldn't doubt they are artificially marking up prices.

[@tonnythorton8826]

This ridiculous inflation is causing automakers close their doors. Hopefully next year’s economy won’t be as bad. This could save them from going under.

[@robertjanssen427]

It’s a nice thought or maybe they just need closer regulated. I know they’ve been outlandish crooks but remember everyone thought it would be wise to buy clothing and everything else online and look at the collapse of the malls and the same with dining. Personally speaking I miss a lot of those establishments and we just have them away

[@MJA5]

I think it has a lot to do with macroeconomic conditions: people don’t have this kind of money and are credit-maxed

[@sokratzmmf]

15,000 dealerships??? wow, that's way too many!

[@luisorozco4479]

After 4 years of inflating prices and stealing from customers, I am very happy to know that. 😊

[@UnstoppableMileage]

Brands that will gone shortly by 2030 or before in the US Chrysler Jaguar Mitsubishi Nissan Infinity Mini Fiat Fisker Alfa Romeo Acura is down bad. Dodge is down bad. Ford recalls. Volvo is bad. Toyota Trucks are hit and miss for a year. Mercedes sucks. Aston Martin cant make a profit. The list goes on.

[@carenthusiast4984]

You forgot one major factor, greed!! These vehicles are way overpriced. And until they moderate, it doesn’t matter what the interest rates are, they are a rip off.

[@TacoTruck17]

Dealers did it to themselves!

[@beaviskornholio2754]

Please tell me which dealers are closing down. Maybe I can get something decent for cheap

[@whiteguy5212]

Bye Felicia 👋.

[@TommyG11814]

No way am I buying online.

[@Lovejazz01]

Would you rather spend half of your day at a Stealership , or the dentist? 🙁

[@artfuldodger4385]

The dealership is done cxvid was the nail in the coffin…. Dealership showed there true self with the markups People will never forget it’s over

[@427bullis]

Economy under the loser in office has a lot to do with buying

[@Lonestar70blue]

Dealers are worse than a shell game at a carnival. If they want to survive they better wake up and stop “assaulting” their customers.

[@joelmurphy7980]

First off, you couldn't give me an EV or hybrid. I can state with absolute certainty that my name will never grace the title of either. That being said, it won't grace the title of any new gas/diesel vehicle either. Ugly as sin, overpriced, and overly complex hence more failure prone and expensive to repair. As for dealers, they have shamelessly attempted to screw people at every turn and in doing so have screwed themselves. I have no sympathy at all for modern auto industry at any level. From auto manufacturers to dealers, to parts stores and aftermarket suppliers that sell nearly worthless crap parts.

[@coreylucas5997]

Good close them give us cheaper on line pricing

[@davidlemay4761]

Everybody’s new car is only going to have two wheels on it.😅

[@Sam-M7]

Are we to feel sympathy for these bastards who lived to screw over the customers every chance they got? I won’t be shedding any tears. I personally choose to buy from private seller.

[@user-yc9bz9gq3j]

Non-to mention the only one that are buying EV’s are the tree huggers once those sales are done it’s done you’ve been doing this for a long time dude pay attention

[@Darkbluedevil]

Automotive industry just posted record profits , so this clowns whole argument is BS.

[@thisismagacountry1318]

Biden's Booming Economy 😂

[@rodgerpetrick6502]

Shut em' all down. And don't forget send your thank yous' to ELECT biden.

[@nameblocked]

Oh well 🫤 Cars are overpriced anyways. Let's start with a 50% discount