Greedy Dealers Refuse To Lower Prices

[@teegeeontario1180]

The middle class is being squeezed out of car ownership. The manufacturers know this and will make fewer cars for richer buyers. Maintain the cars you already own because you will be driving them for a long time.

[@DaveInCanada081]

Yep, and notice how every brand is trying to position themselves "upscale" for the fewer rich clients.

[@robertannable9584]

Cultural Marxism, my friend

[@hellodrjeckyl]

You will own nothing and be happy. 😢

[@hynsum]

Are then Auto manufactures in cahoots with Agenda 2030 and WEF plan (You’ll own nothing and you’ll be happy)?

[@joshephand5538]

My camery is 20 years old, still running and I am keeping it for another 5 more years

[@salimrandall]

I see America becoming like Cuba with lots of old cars everywhere. The average car age will be 20 yrs old.

[@LeicaM82]

I went to a local Subaru dealer who had a left-over 2023 WRX. They offered 15% below KBB on the trade and would not discount the new, 2-year old vehicle one cent. The car is still sitting there to this day.

[@JA-zh5xi]

Went car shopping. Walked out of three dealers before getting a good deal. Be willing to walk away.

[@1hasbeen531]

Pigs get fat. Hogs get slaughtered. Are you listening, Stellantis?!

[@JM1FC3311h0518346]

I asked my 65 year old coworker if he has ever seen a crash in auto prices, his response was 'No, they always seem to ramp up and stay there.' To me it's like a stair step price chart. I think the inflation (increase in money supply, even if they claim otherwise, I mean where did they get all the money to give away, they printed it) is now reflected in auto prices, home prices, as well as everything else. The one percent decline in prices might just be a consolatory phase, but I am hoping for a bigger crash in auto prices (but that might also mean crash in the whole economy, so...idk.)

[@DaveInCanada081]

Government caused inflation..The only way to go.

[@Bronco2Cj]

The economy is strong??? How? Stores, FF chains, restaurants all closing… strong my ass

[@jimmulderig743]

I went to trade in my wife’s 2019 rav xle with 43,000 miles Toyota offered only 19,000 and Honda gave us 22500 for trade we bought new Honda crv. Toyota really changed she wanted a new rav really. Greed

[@DaveInCanada081]

And they would put your Rav4 on the lot for $40000

[@Scroll_Lock]

This is why saying no and walking away is important. I'll accept nothing less than $30,000 for my '21 with 30,000 miles on it. Demand private party value and after a series of 5 no's where you say no, they say no and stick to it, you say no, they make an insultingly better offer which is a no, you say no and start walking. You either get a phone call 15 minutes later or you keep shopping. I would rather drive 800 miles than get robbed for 5 grand.

[@craigfatla907]

Honda overpaid.

[@azmike3572]

"Greed, for lack of a better word, is good." Gordon Gekko ("Wall Street", 1987).

[@johnracki2258]

People just need to re adjust to the new norm. The rates will eventually come down but prices will never drop by much. Same reason a pack of smokes will never be dime and a bottle of pop will never be a nickel ever again.

[@1cncguy]

Re adjust? That new norm ? inflation has wiped me out in the last 3-4 years I think you're Clearly out of touch with the economy and how people are struggling.

[@17MGTP]

I bought a 1998 Jeep Grand Cherokee Limited 5.2 V8, 100k miles on it for 3800 in mint condition about 1 year ago. I put about 5 k in it so far and that was just to replace stuff and restore her. It is a 4wd/awd with 4 low and just a nice reliable cool ride for under 10k

[@stevetonnesen3666]

All of these problems are a direct result of government lies and mandates: 1. Hyper-'green' mandate for higher mpg at the expense of costs, complexity, longevity; 2. Excessive 'pollution' reduction measures, which killed diesel efficiencies and again, over complicates engineering efficiencies; 3. Over-regulation complexities

[@MrDarkhawk1972]

You haven't been paying attention.

[@justahumbledude]

@@MrDarkhawk1972 Well, that was helpful. Elaborate?

[@reggiegabriel2545]

@@MrDarkhawk1972explain then smart one, that’s all you mfs say.. NOTHING

[@jackanderson2773]

@@MrDarkhawk1972look in the mirror

[@oligarchy-usa]

Sad that the USA is a vehicle desert for good subcompact offerings, unlike most of the rest of the world. But, most Americans look down their noses at smaller vehicles (subcompact & compact class), so we are stuck with mostly larger, higher-priced vehicles.

[@hochhaul]

EPA regulations punish small wheelbase area vehicles. Hence why the Honda Civic is 44 inches longer today than when it was first introduced in the US.

[@jimmulderig743]

I went to trade in my wife’s 2019 rav xle with 43,000 miles Toyota offered only 19,000 and Honda gave us 22500 for trade we bought new Honda crv. Toyota really changed she wanted a new rav really. Greed Honda financing also I got 3.9.

[@kevs2good133]

Could’ve gotten 0% or 1.9% with my Volkswagens

[@mindfullymellow2323]

I’m a Tier 1 borrower; Toyota offered me almost 9% interest on a marked up Corolla Cross. Walked out and went to a Mazda dealer; bought a CX-5 at 3.9%.

[@lanceneol865]

Cars are not iPhones. This is why auto makers feel they can charge crazy prices, because people can't just be happy with what they have

[@Hschlick84]

That's really good with Honda. I only got a 5.7% through Toyota financing. Not the best, but not horrible either.

[@mindfullymellow2323]

@@lanceneol865 - I was happy with my 2017 RAV4 until some idiot broadsided it and it was totaled. Wasn’t happy to have to replace it in these economic times.

[@dpporlando]

Interesting point on parts and service. Id add its exacerbated by insurers just totalling a higher percentage of cars. The future is bleak for the traditional dealer model.

[@rblack4560]

Look where it has got us americans. The whole world is tired of our greed and insanity.

[@hynsum]

We The Americans, have basically no say in who or what country the soulless puppets in CD will decide to terrorize… When people say “US” doing this or that to Syria, Afghanistan or Yemen, Americans have no say in nor have no idea where these countries are on map… All I’m saying is that it’s very disingenuous to lump some 300+ Americans with handful of demons pretending to serve the will of all.

[@BrianPowell-bb1un]

As a Floridian the car insurance rates are so high I just switched to liability only. I don’t plan to ever buy new because it just leads to a doubling of the alreadt high insurance rates of new car value is higher than used.

[@SamsungGalaxy-ls8ys]

The income and property taxes are evil and un-American.

[@jeffkoe310]

Interest rates are very high and Inflation is high. Wages for me have not gone up enough to buy a car outright, and I don’t see that it is different from most other citizens, which means higher prices are going to leave car manufacturers with less, very expensive cars.

[@ericfriedle456]

If you look at history not just recent history interest rates are still good. It’s just we saw such low rates people think they are bad. On top of that if you talk to the dealership they generally pad the rates. Example I went in knowing from a few sources my rate I could get with them 5.7%. The dealerships manager said he got me a great rate of 8.9%. Funny said nope I’ll do my own financing and he came back with a 5.4% on a new truck. Though the rate from the 0-3% seems high in recent years it really is not bad historically

[@jeffkoe310]

@@ericfriedle456 I see how that works. Figures dealers tend to gouge their customers.

[@ericfriedle456]

@@jeffkoe310 yep and then the dealer gets paid from the bank the extra markup interest that you pay as extra commission to the finance department. Corruption at its best. That’s why you should always ask for the markup from finance.

[@darrellborder8555]

We were All duped into believing cars are that important. With an internet economy, only businesses truly need vehicles to move product.

[@billyoh1966]

If interest rates go down, dealers will raise prices to take whatever savings you thought you were going to get.

[@kemangraya2382]

I rarely see new cars on the road like it used to be. Proof that new car sales is slow

[@bruhbruhbruhbruhhh]

because of these greedy dealers I'll never buy a new vehicle ever again

[@abeyoungworth2046]

Greedy car dealers refuse to lower prices. The result: they don’t sell cars which makes it impossible for them to pay their employees, which promotes having locks on their doors. At the same time, they pull the car insurance companies down with them since you don’t need car insurance if you don’t drive.

[@davestadt49]

Intrest rates & leasing terms are remaining high,forcing many of us out of the market. Automakers & Dealerships could care less.

[@ivanwoodworth4958]

It’s beena while since I’ve watched you ben.I didn’t realize you had David Karesh doing videos for you now.

[@reaality3860]

That's not David Karesh, that's Wesley Crusher in a beard.

[@johnkonde1975]

That's Brad Pitt with a beard

[@roncedad7032]

Put of principal not buying a new car anytime until a correction occurs. I'll maintain what I have and invest rather than drop 90k on a depreciating asset

[@edhcb9359]

Why is it labeled “greed” when a manufacturer tries to get as much as possible for their products but it’s not “greed” when employees try to get the highest wage possible? 😂

[@stephkent2736]

It's greed because the car manufacturers are managing to the quarter, not the year. If I sell 10 cars at 8K with a $1K profit that's 10 cars that need parts, service, and can show that the brand is built for quality and reliability. If I sell 8 cars at $10K with a $3K profit that's 25% less in service, parts, CPO sales, etc. While it got me $16K in extra money this quarter, how much is it going to hurt you long term to not have that stream of money coming in over the next 5-10 years, especially with parts and components that are more and more dealer only service? This is what happens when you manage to the quarter vs manage to the 5-10 year health.

[@edhcb9359]

@@stephkent2736 I appreciate your attempts to rationalize your version of morality with generally accepted accounting principles but I think what you wrote is a bit of a stretch. In the end, we live in a market economy. People can choose to buy, or not.

[@benchappell9204]

How do you look like Wilson and Tom hanks from castaway at the same time?!?

[@thebenhardyshow]

LOL

[@youarerightboss]

Then the dealerships are going to hell

[@hynsum]

I'm sure they've already proven that they don't care or mind...

[@angelr4429]

Well if things stay the same, then automakers will suffer.

[@robertannable9584]

We are being forced into a rental economy by “anti-capitalists” haha #BIDENOMICS

[@hynsum]

"You'll own nothing and you'll be happy"

[@Outsider.Reviews]

Everything stays the same right before a market collapse.... Just saying 😜

[@VulcanGunner]

Sounds like cupidity.

[@midnightexpress1567]

Ben. Clean up the style Bro.

[@Pauly2Swole-1970]

Let the dealers go bankrupt.

[@SWFLSlimJim]

Price it in crypto, or gold its currency destruction due to inflation. Always has been in America at least.

[@mrpips000]

Sorry but greed is good. Everyone should be greedy. With both parties of a deal being greedy means that the deal doesn't happen until both parties reach an acceptable compromise. Be greedy and don't agree until it's acceptable. What's bad, and what is driving prices up, is vanity. The "I need this vehicle so other's will look at me" crowd is the problem. They are the ones not being greedy and paying the inflated prices.

[@drake_leo2152]

Greed and vanity go hand in hand

[@ScottAyersStuff]

Car prices are equivalent to gas prices. Quick to rise, slow to lower.