I've NEVER SEEN THIS In The Car Market, IT'S BAD

I've NEVER SEEN THIS In The Car Market, IT'S BAD
Cars I'm selling through CarEdge - caredge.com/cqa
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

[@h.carson5414]

I can hardly wait to spend 80 grand on a truck..... maybe right after I buy a starter home for a cool milllion. What planet do we live on now??

[@philippededeken4881]

Yeah and let's pay the parking 40 bucks an hour.

[@johnhopperstad2785]

You will have nothing and be happy!

[@marcpikas2859]

Planet USA !

[@ledzep3692]

A bunch of tax right off trucks.

[@stilleatn4969]

@@johnhopperstad2785 Yep.. All about control..

[@billbob4856]

I really think some of these manufacturers would rather just crush cars and use a tax loss than sell them for a cheaper price

[@capnkirk5528]

It doesn't really work like that, but ... on second thought you DO have a point. They would rather crush SOME CARS to limit how many are available sale to create artificial scarcity. And that would be the ones they make the least profit on ... At this point CRDJ don't have a big enough crusher to create scarcity, they are pretty much toast.

[@marylandterpz]

💯

[@jamesoquinn9168]

I'm 70% certain that they're going to cry to the Govt that they're going broke because of "Covid" or " supply chain", when It’s a SCAM to not sell cars, and get free money. Think about it. All they have to do is offer the Criminals in Govt a cut and they'll ride to the rescue. They'll just dump a couple dozen billion on them, just like they do for foreign countries.

[@dchurch2012]

That does seem to be the case, doesn't it?

[@sccanj]

That’s exactly what high end guitar manufacturers do, literally

[@backpackerone]

Car dealers can blame no one except themselves. Add-ons, doc fees, etc. drive the price up. The consumer wants a vehicle that is reliable for under $30,000 out the door.

[@FirstPencil1306]

Nissan has a TON of these

[@davidbeppler3032]

Not just under $30k to buy but under $50k ownership to drive for 200k miles! Fuel is too expensive! Do the math. A $35k Toyota GR Corolla manual transmission has 300hp gets about 24mpg. It will use about $30k in fuel to drive 200k miles! A $35k Tesla Model 3 Long Range Rear Wheel drive 295hp gets about 114mpg. It will cost about $6k in electricity to drive 200k miles! That is a savings of more than $24k!

[@FirstPencil1306]

Do you sell them and interact with customers that own them? Probably not. We’ve had 0 issues and happy customers! Do you own Nissans? Probably not. I own 3 - ariya, altima, titanxd. Happy nissan family 0 issues Reports are one thing but record of ownership and daily interactions are another my friends!

[@HiPlains1]

@@FirstPencil1306 CVT issues were for specific model years. But generally speaking they fixed the issues after 2016. 2013-14 pathfinders were trash. I remember 2013 sentra also had issues. Many years of altima were trash as well. I owned a 2012 sentra that had a good CVT. But earlier models of that gen from around 2007 were trash. 2012 being the final run of that gen. Then like I said they messed up the 2013. I still own a 2019 frontier but that has a regular 5 speed auto. No problems. I think after 2016 Nissan knew their reputation was going down the drain and they knew they had to iron out their CVT issues. Altima even had a recall for years 2013-16 but for the most part you don't here of problems anymore. Except for the bozo's that don't want to change out the CVT fluid every 30K miles. That's mandatory if you don't want problems. In short, stories of rotten CVT's and Nissan are not imaginary. Just because you probably bought a year/model that is not affected does not mean the problems didn't exist. I've had Nissan master mechanics tell me they indeed were trash for many models/years. The reason you should avoid buying used Nissan's with CVT's is you don't know how the prior owner maintained it. Unless they can produce records of changing out that fluid and it was manufactured after 2017 I would not touch a used one. Brandon on this channel mostly avoids Nissans with CVT because most of his cars have over 100K miles. But Nissan still suffers from this day they have crappy CVT's which is not true. Perception is a bitch.

[@ellwoodwolf]

Under 30 ? Try 15k .... It's a garage commuter. We know how to make simple, reliable, cheap cars - THEY CHOOSE NOT TO MAKE THEM.

[@donaldmartin4980]

I could easily spend 80k for a new truck , I really need and want one . However, I was raised to NOT do stupid things . My 80k will stay in the bank.

[@18_rabbit]

um, yeah especially bcuz u can buy a used Tundra from fifteen yrs ago for nothin comparitively!

[@jorge4087]

500k miles on my f2sheddy! 😂

[@squashua16]

Buy t bills etc

[@donaldmartin4980]

@@squashua16 The only thing securing “T” bills right now is poems, prayers, and promises. America is technically bankrupt

[@WizzardMcCoy]

I’ve been looking at late 70s cars…. I’d rather spend my money on a vehicle that I can actually repair

[@patrickchubey3127]

Manufacturers are making 2 mistakes. Number one, they think that everyone needs a big fat bloated expensive pickup truck or SUV ... most of us don't. Number two is that they think that all of us out here in the real world are rich ... most of us aren't, and on top of that, we're dealing with a cost of living crisis.

[@tomdavis8757]

You’re dead wrong. Why sell 50 trucks for $500 profit each when you can sell 1 for $25,000 profit? The old model of high volume isn’t attractive to manufacturers anymore

[@patrickchubey3127]

Not wrong at all. We ARE in a financial crisis and manufacturers think we're all rich. What is wrong are the manufacturers departing from the " old " model of catering to average people and redirecting sales to the upper class. In case you haven't noticed, there are a lot more poor people in America than rich people and THOSE people are buying affordable and reliable Japanese sedans by the millions. Why do you think there are so many Toyotas on the road these days? I'd be lying if I said that I wasn't driving a brand new Corolla, it cost way, way less than a fat bloated SUV or pickup and it does the job just fine.

[@falcorzed]

@@patrickchubey3127I don’t think they think we’re rich I think that they are convinced the people who shouldn’t be putting themselves in debt are still buying and will continue to. The amount of debt out there reflects how much people can’t stop themselves.

[@jeffdevries8538]

@@tomdavis8757 what about how much your pack is on each vehicle? My guess is it’s more than $2000

[@poopjeans1135]

The companies are incentivised to make those big bloated pickup trucks.

[@jacobhenry1210]

Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[@masonlogan304]

Same here, my portfolio has been going down the drain while I try trading,I just don't know what I do wrong..

[@melissamildred]

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

[@trevorSimon-l8y]

​I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Fenella.. Highly recommended 🙌

[@dinisluis76]

Wow, I'm surprised to see Fenella mentioned here as well. I didn't know she had been kind to so many people

[@waltonconway]

​I'm also a huge beneficiary of her.. I thought myself and my family were the only ones enjoying Fenella trade benefits

[@TimNDixie]

Drove my F150 for 18.5 years. Wanted a new truck , not at these prices. So , I settled for a 2024 Corolla at Earl Steward in West Palm Beach with no mark up. And you know , after 7 months I’ve grown to like this little car. Love the gas milage. Paid cash !

[@jarvisaddison8560]

Facts!

[@tomdavis8757]

Smart. In fact, the smartest people I know all drive economical vehicles. Saw a new Porsche Cayenne at the trailer park just the other day. Priorities, my friend, priorities Cheers

[@KennyNash-sb9sh]

Small cars are fun!🎉🎉

[@TimNDixie]

@@tomdavis8757think of how stupid that is.

[@TimNDixie]

Drive a car worth more than your home. Insane.

[@richardrios3049]

Why does everything seem like a damn scam these days. People being rewarded for doing crappy 💩. While those of us who try to the right things keep getting screwed 🤷

[@jamesoquinn9168]

Because we are ruled by criminals and scam artists.

[@davidallen2682]

This is what happens in a corrupt economy. This country is crap. The corruption comes straight from the top and is so embedded in the fabric of the country there is no turning back.

[@whetwilly1]

It feels that way. Screw around, screw up and someone will bail you out. Sacrifice, save and do right and someone who isn’t will point at you and cry “unfair”. Queue the government to agree and come after you to redistribute your ill gotten gains to the poor, unlucky and misfortunate…

[@Peculiar_Optics]

Their day of reckoning is swiftly approaching.

[@davidallen2682]

@@Peculiar_Optics no it’s not. This will end in civil war and they will come out on top after we slaughter each other. We are all talk and it makes us feel good about ourselves. Nothing ever happens

[@generaldisarray4146]

Oh no. They didn't save some of the money they've been scamming people out of for a rainy day? My heart bleeds for them. 🤣

[@davidroth520]

CEOs os Ford, GM, and Stellantis should earn ZERO. They get huge bonuses when things go well, but still earn absurd amounts when things go bad. It should be zero. That's where all the money went.

[@geoffreymak000]

What rainy day? They will get bailed out when that happens.

[@fredEVOIX]

sounds like luxury watches market then, that's what they do spend a lot on celebrities and stuff then the year the market crash they are "oh no we spent all the money"

[@richardc488]

No that money is spent on vacations, better homes and new electric cars. Why would they put money on the side

[@generaldisarray4146]

@@davidroth520 Don't you wish you got a giant raise every time you screwed up at work? I know I would. I'm applying for CEO at Ford. Apparently you don't have to know what you're doing.

[@josephszot5545]

Prices are too damn high!

[@BillyBobDingledorf]

Yes, even with no market adjustments. MSRP is to damn high!

[@user-cj1tc8zi4e]

Even worse Bidenomics has made interest rates so high that not many can afford a car.

[@mikesawyer1336]

Or wages are too low... Or the third option is we're too greedy compared to other countries. We have more riches than others. Maybe we should be driving a 4-cylinder piece of junk

[@TheAngryHusky]

You mean people aren’t scrambling to take out a 10 year loan on a $100,000 depreciating asset?

[@SeatoSky1111]

Hilarious and oh so true!!! Great Point!

[@SoonerMikeD]

Well somebody’s sure buying up all these $70k to $80k trucks that I’ve been saving in my favorites on CarEdge and Car Gurus waiting for prices to drop.

[@foodpedlarofficial2019]

Exactly!! All of these KZbinrs bloviate about how ugly the car market is. NOT seeing that around us in Central WI/Eastern MN. No deals to be had. Heard a ton of excuses: I listen to less and less of this stuff these days. We have cash and decent vehicles that I can continue to repair. A sweet deal will show up @ some point.

[@davidhyatt4754]

When you make $10,000.00 per illegal you smuggle across Southern Border $80,000.00 for a Cartel-Truck is cheap...

[@diegoharo7943]

@@davidhyatt4754or hard workers who were frugal with their money, paid off their house, kids are grown, don’t take exotic vacations, own their other vehicles and can afford new trucks/SUVs

[@diegoharo7943]

@@foodpedlarofficial2019I live in Milwaukee and their were deals in Illinois but unfortunately in the past three months most have sold

[@diegoharo7943]

@@foodpedlarofficial2019here in Milwaukee there were deals on Hyundai and Kia vehicles but i was waiting on dodge prices to continue to drop which they did…..and sold

[@Oldrush]

I was looking for a truck 2 years ago and a dealer was upset I wouldn’t pay the “market adjustment” fees. How’s it going now dealers? The vehicle I have will last 20+ years so I’m in no hurry.

[@Edddie-iu3zk]

Me too! Im still waiting and my long paid for, 18 year old Honda Accord is doing just fine.

[@chrisneumann4202]

They were upset? LOL! I LOVE upsetting dealers. No market adjustment, doc fees and I don't pay full Sucker (sticker) Price for anything.

[@4176084]

My electric bill had an extra $180..... Yes, $180 change to make up for people who can't pay their bill They said this charge was coming but they also said it wouldn't be more then $40 I'm really mad about it Because I know that charge isn't going anywhere Once they're caught up it'll be a charge for the sky being blue We're going on 5 years or this nonsense and it's going to be just like '08 It never went back to normal after that and where we are now is way worse Sorry, way off topic but that's what's on my mind

[@M0viLover]

"Yes, $180 change to make up for people who can't pay their bill." I worked for an electric utility in the early 2000s, *and this is true.* When utilities go in front of the State Boards for rate increases, those losses *are allowable,* and within the proposed fare / rate calculations.

[@oimfc37]

Wait what you have to subsidize other people through your electric bill?

[@M0viLover]

@@oimfc37 Yes. If bills go unpaid long enough, to the point they are written off as bad debt - those are *expenses* the utility can claim in its next rate case / submission.

[@Challenger2A7]

Grossly unfair.

[@jimmyg6780]

FJB’s & Democrats America….

[@kevinwest7912]

I don't know about other places, but here where I live the car lots are all bulging at the seams when 1-2 years ago the lots barely had any new or used vehicles. Tons of Broncos, Jeeps, PU's, SUV's. Just not many small cars still.

[@Cakebattered]

Its going to get worse no matter what. Even if Inflation goes to zero, that just means prices will remain the same. People are struggling to keep their heads above water right now. The current cost of living is simply unsustainable for most, and we are going to see a ton of businesses go under.

[@tomdavis8757]

Worse? Worse than what? Resorts are full, planes are full, traffic is terrible (people have money to drive everywhere even on weekends so it seems) and houses are selling (and at rather high prices) since of course there was no housing market crash either. Well maybe it crashed in Detroit but not where people actually want to live. People use the term crash too readily. Most likely by millennials that were pampered so they have no idea how to handle adversity Cheers

[@mikesawyer1336]

This is a cycle and it will get better. Believe me... People need to pull together. People need to help their neighbor... If we stop dividing people we can do anything. This is America.

[@richarddraggist4172]

The Last new vehicle I bought I told salesman give your best price because Im going to dealer in next city 15 miles away who ever gives ne best price when's he told me to call him back next morning so they could go get my new car because nobody would beat his price out the door. I called him next morning and thanked him for his time but I bought one from other dealer he wanted to know what he could do I said nothing you gave me your best price he was mad to say the least.

[@TaylorZ2]

Well even though car sales are EXTREMELY EXTREMELY profitable for the dealer, a situation like yours does kind of suck for the salesman. Their hands are tied and the even if they do make a sale, the house makes all the money.

[@Sondan1988]

If he gave you his best price then why was he mad ??? HHhhmmm ????

[@robqwertyuipp8750]

I do the same, work multiple dealers at the same time , just need to be flexible on colour and options

[@ryanmac358]

Did you tell dealer B what dealer A was doing for pricing? If so that gave dealer B a huge unfair advantage in the negotiation

[@boknows8936]

What is minimum best price difference you all would take to buy from dealer B? Thinking $500 would be fair. $100 or less kinda a 🍆 move?

[@danieldornes8416]

I remember the Fall of 2021 when I was in the market for a new vehicle. The dealers that took advantage of people due to the "shortage" of cars by marking them up $5000 over MSRP I will not forget. Thank goodness I found one smaller dealer in a smaller town that did not mark up over MSRP, and bought from them. I shed no tears for those dealers that I feel gouged people and made loads of money. Now only a few years later that it's becoming a Buyers market again, some of those same dealers are hurting and begging for customers to come back and be "loyal"... I remember, and will not forget them, as I buy elsewhere!

[@JulioNavarro-ov3ek]

You may be right about the car brands you mentioned. But I work for a Mazda dealer and we are doing just fine. We are selling both new and used. The last 3 months we have broken are own dealership records for units sold. So it’s not bad everywhere.

[@johnweiland9389]

So what's a new Mazda cost. I can drive a clutch. I don't want an automatic.

[@fredEVOIX]

@@johnweiland9389 as an european too but they aren't allowed to sell petrol or diesel anymore at least in the EU only hybrids or evs so most of them are automatic now fyi

[@whetwilly1]

I hear more success stories from car dealers like yours than failures. Even our local CRJD dealer is moving metal. (I am utterly shocked by the people willing to pay $50k+ for a Jeep!) I don’t know where these dealer horror stories are coming from…

[@Jodah175]

yeah... Ford dealer I work at is doing just fine. maybe a touch lower if anything.

[@Peculiar_Optics]

The Mazda dealership here doesn't seem to have the lot even half full since it was built their inventory sucks

[@SheldonGlass-r8n]

That's a really good observation about using equity to weather the storm. With over 40 years of automotive industry experience, even I couldn't make that analysis. Good for you B.

[@Newlinjim]

Short term fix. What happens when earnings continue to miss estimates and your repurchased shares are now underwater. A good analyst would downgrade on that initial earnings report.

[@GaryGiffin49]

Prices in North America are just to damn high, until they lower the prices way down, it will stay like this. Nobody can afford these things.

[@phaseboundary5323]

There's no point to availability without affordability, prices need to come down to earth.

[@ericpigg2689]

When I see car dealerships start closing, I will believe they are hurting. Until then, it is the same ole song and dance. They are not lowering prices or interest rates or doing anything meaningful to sell more vehicles. In my area they are offering $5k off of 2023 F-150s. That is less than 10% off a vehicles that is a month from being 2 model years old.

[@Newlinjim]

But they have that nifty internally belt driven oil pump!

[@caimcgray7045]

I subscribed. You are what one would call a savvy busines man. I understand you when you speak about things. I think you are clear. I am learning through you. Thanks

[@Jackknife-TV]

Kid at work just had his 2023 Toyota Tacoma repossess ....... Apparently he was paying a 20% plus interest rate on an 72 month loan. He said his payments were over $1,000 a month .

[@JBoy340a]

Stupid is ....

[@jarvisaddison8560]

That's how they selling these overpriced vehicles in the first place

[@---rg1gb]

😂

[@jimbobaggans1564]

A fool and his money are soon parted.

[@desimo147]

Much of the US economy is supported by folks who spend every dollar they make, and every dollar they can borrow. They live right on the ragged edge, and as such, they also tend to buy a new car every 2 or 3 years whether they can afford it or not. But now, they've been hit by inflation, plus they are $10,000 or $15,000 underwater on their current auto loan because they stupidly bought when prices were thousands over MSRP (it's what they do). So, with the suckers not out buying cars it has become much tougher for dealerships to make money on the more savvy consumers who are left. And those consumers have figured out something interesting - the longer they wait, the more the prices drop. So they keep waiting.

[@jimsmith8797]

Truth

[@jerrypauling7809]

Use to buy a new truck every 5-6 years, not any more if fact been driving a 14 year old truck. Will never pay those prices even though I could.

[@jameshoopes6467]

Yes. The market for $80k unreliable trucks is “weak.” 😂

[@bobhigh8800]

The money made people will pay 90,000 for scum made cars and trucks!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@jeffdunnell6693]

Ain’t no truck worth 80 grand.

[@timothygibney159]

@@jeffdunnell6693lol those are entry level today. A good truck is 120k for a top of the raptor

[@gtr1952]

To the 20% of dealers who are honest and treat people right with honesty and integrity, I hope all this works out for you and you will be ok soon. To the rest, what goes around comes around. Peace --gary

[@sniperic1]

nobody can afford new vehicles now, end of story. I going to drive what I have until it dies and can't be fixed anymore. My 2009 dodge ram still works good despite it being a rattletrap. Even if I do, I will sale it myself and buy something used,600 dollar a month payments ain't working for me.

[@18_rabbit]

@@rotart12arx3 partly bcuz younger folks now think inflation is normal & also think the current politics is fatalistic-ish, so they dn't care how much debt they take on. There is darkness in their air.

[@timothygibney159]

@@rotart12arx3Mo they don’t have money. Banks are making dumb loans

[@Newlinjim]

@@rotart12arx3people don’t have money, they have debt. They carry their kids on their medical until they’re 26 and now JoeyB got the average blue collar paying student loans they never co-signed for.

[@Hojjiifp]

Way too expensive...it's a ripped off....no deal

[@falconinflight6235]

Excellent insight presentation, as always. Thanks

[@martyhabada6980]

Its called inflation. The average American is having to cut back. And interest rates are high. Even used vehicles are high. No suprise.

[@tinkerstrade3553]

The dealers think they can wait out the buyers. The manufacturers refuse to lose money by cutting initial prices enough. They overstocked at a bad time, because they ghoulishly thought the government would keep on cutting stimulus checks. And they wanted to make a killing. Manufacturers will have to pick up part of the dealers floor plans, or their vehicles sales will stop because they'll have bankrupted the dealerships. The negative advertising of an abandoned Nissan or Honda will just speed up the rate of decline. And when dealerships don't sell, used car buyers can't get inventory. No inventory, means closing the doors. Sure, there will be a feeding frenzy as these carcasses litter the water, but after that, it's stagnation time. Juggling this and that, bleeding repos and trade ins will only last so long, and supply dwindles. When the used market can't get enough air, they choke off the market. Everybody kidding themselves with this being a summer slump, till it doesn't pick back up this fall. Then market panic hits, and it's a race to the bottom, as everybody sells whatever they have, for whatever they can get. The bottom line is, car sales depend on the end buyer. When you run out of cars, too much $ for new ones shuts the stream off, and a plumber taught me all shit runs downhill. And used lots are in for an spanking. So for myself, I just purchased a 2004 Nissan minivan for $800 that I'll put another $700 into repairs. But at $1500, my wife will have a cheap ride for the next 2-4 years. I'm buying up this summer for something like a 3/4 ton Ford, Chevy, Toyota(?) Or Dodge. But like the minivan, I'm buying old enough for cheaper parts, even junkyard cannibalism. I'll be looking at a buy and repair under $2500, because work trucks can be ugly.😁 About Christmas of 2026, the market may be back under a more regular flow pattern. I feel for small dealers, it's gonna be a rough ride. At least, that's what the car weather looks like in middle America along the Arkansas / Oklahoma border. Thank you for the coastal perspective. Good video.

[@allyjack8437]

You have a solid plan.

[@timm8856]

Retired 12/22 after 38 years in car sales/management your analysis is spot on.

[@NuNugirl]

May you live a long happy life. You are well out of it.

[@JB-wq7wp]

When the big three U.S. auto makers go bankrupt, dont come to the taxpayers to bail you out!

[@clayfree7428]

Oh….but they will! You must have been too young in 2007….

[@Challenger2A7]

It won't be long before we're paying for "extras" on a new car, such as a steering wheel, and "would you like tyres with that, and an engine?"

[@argentpur86]

I don't get it. Carvana just reported "great" earnings. Sales up 32% and over 7k gross margin per car. Looks really SUS.

[@smokeyj3983]

I was at a Nissan dealership this past weekend and they are absolutely killing it. Today I went to a Honda dealership for parts and there was enough people to make me wonder if there was a party. So I asked, and the service girl said they've been very busy selling lots of cars. Opposite of all the videos I see here on KZbin. Every market is different though. Here in Phoenix it's a hot market.

[@Polestar_143]

Carvana owners are crooks …….probably they are cooking the books to look great to investors

[@markphillips9822]

Pump and dump

[@josephkelleher8820]

@@smokeyj3983 People loving those depreciating liabilities in Phoenix.

[@smokeyj3983]

@@josephkelleher8820 100%. One of those including my dad. He ended up leaving with a rock creek pathfinder. I showed him a 1 year old slightly used for $10k less. He didn't want it. He's retired and paid for it cash so I was like whatever then. Lol

[@1968CudaGuy]

Verified that my subscriptions are in for both of your channels.. Happy Wednesday everyone!!

[@alang4193]

What is the name of his other channel?

[@DesertSky928]

Gave you a like & sub! Thanks for all the great info & intel, Brandon!

[@350Zquicksilver]

7:00 WOW. Almost as good as Carvana going from low 40's in January to 140 last week! I remember in fall of 2022 Carvana falling below $4 for a moment. INSANE!

[@aljanet1514]

Sales will not go up because people are realizing that they were getting ripped off by the dealers and manufacturers working together. They are too stupid and greedy to understand that they need to keep their costumers happy. My brother in law has a vending business and he always says that we request that our customers MUST take a shower every day because we will be kissing their azz. Guess what, his business is doing great and never slowed even during Covid.

[@mareble412]

The rent is too damn high for these car prices.

[@vinniephillips452]

Overextend-Fail-Repeat. That’s when 2 companies say they agreed to make 1 big company during the down times. But when things improve they blossom out and here we go again. Overextend-Fail-Repeat.

[@georgiapatriot4575]

TK's Garage is reporting big insider news on Chrysler today--and it's NOT good.

[@rnskfamily7672]

Look into credit acceptance or car capital model. You get a credit line and share profits with them and do loans for your customers and move metal in this environment

[@JohnnyBravo-n9o]

These dealers can thank you, Zach and Ray for informing the public of their rip offs.

[@josneaka4866]

Love the video, man! Very informative. Really shows how shady these companies are. I'm hoping things cool off in the next few months, because I'm not paying these ridiculous prices. (I'm pissed at the a-hole who totaled my car in a hit and run, and forced me into this terrible car market.)

[@CannabisCrone]

Really like your channels, but I can’t manage the shout-speak on the main channel. Really glad you have this channel too 👍

[@AnneHorstman]

Yes, I have gone and picked up cars from a dealership. Sad. Prices are way to high for low quality products!

[@DayTwo-w8n]

I drove past my local Toyota dealership and except for a few used vehicles and 4 new trucks the lot was empty.

[@MrMudra9]

Took our 2019 Jeep to the dealership yesterday for an oil change. There was literally only 2 parking spots on the entire lot as new inventory was stacked and packed everywhere! I was there 45 minutes and not one person came in the door and the three salesman were all standing together talking and looking at their phones.

[@MegaWhatever86]

I think you should also talk about the seasonality of the business and overlap that with the market conditions(inflation).

[@ScottWaliszewski-ud2mz]

Toyota just announced they’re bringing back the V6 engine in the 2025 Tacoma!! Yippee 👏

[@jerryperez2786]

3 coworkers bought new trucks in the last 2 weeks. 1- 3500 ram, 1-GMC, and 1-Tundra, 🤷‍♂️

[@getriebesand2199]

With a loan?

[@jerryperez2786]

@@getriebesand2199 yes, all had good trades no upside down

[@Newlinjim]

What’s their yearly income?

[@JBoy340a]

In 2008 things were this bad. And 1999 was pretty bad also. It is a cycle that repeats.

[@stevehenderson2571]

So where in the hell is Carvana coming up with their positive numbers? Like Ray & Zach are saying … it’s to good to be true.

[@movdqa]

We're doing fine financially and I'm game to buy a car. But I want a reasonable deal on a quality, low-cost car. And I'm willing to wait for it. For me, it's not the market, it's the value.

[@john.johnb_online1438]

If people read creature from Jekyll island., people would have a basic knowledge of why these cycles happen. Love your channel Bro

[@Steven-sk6vm]

I’m not seeing any price drops at the IAA auctions people are paying stupid money for wrecked cars. There are some outliers, but it’s a gamble on those cheaper deals

[@markp.7165]

In my area of the Mid Atlantic the Toyota and Honda dealers have almost No inventory. Many people impulse buy cars which means their out cruising around stop at a dealer and fall in love with a new car or truck. That just doesn't happen when the lots are almost empty. The local Toyota dealer has never and I said never had a 2024 Prius on their lot for sale. Highlanders and Rav4s are almost that bad. The Honda dealer never has a Ridgeline Pickup available for sale and CRVs are very sparce. How is a dealer expected to sell in conditions like that?

[@Esperia-ef9xh]

MOTELS ALSO DROPPING PRICES LIKE CRAZY, WOW 😅

[@whetwilly1]

Cruise lines sure aren’t struggling. Just came back from a cruise and it was packed, all the other ships were loading and unloading people like cattle. The economy hasn’t hit rock bottom…yet…

[@Newlinjim]

@@whetwilly1prolly the same people hiding under the bed during Covid and pissing themselves if you didn’t maintain a 6 foot perimeter…

[@joes4028]

Inflation isn’t going down!!!

[@carenthusiast4984]

Inflation isn’t the issue. It’s corporate greed.

[@birdsongblossoms8547]

Another thing about stock buybacks - it reduces the total outstanding shares which increases earnings per share figures. Nice trick.

[@Newlinjim]

And what happens when you’ve bought all existing shares and now are left holding the bag of shit you overpaid for?

[@garyday6681]

Maby the car manufactuers should add an even larger 2nd touch screen. Then they could triple the msrp.

[@bennychen7433]

Thanks for the very informative video. I truly hope that this scenario does not occur.

[@drbyers]

I'm glad prices are falling, because car prices were ridiculous during the Covid years. Thinking about buying an older Jeep for my kid to take to college, and buying a new one is definitely out of the question. Any suggestions for Jeep Wrangler year-range?

[@firstactionhero]

The BS fees include so much more stuff than a market adjustment. Both of my last car purchases were on the private marketplace. Paint protection, extended warranty, nitrogen filled tires, theft prevention tracking stickers, are all scams

[@richardrowe1538]

Your decision ought to include manufacturers. Manufacturers are only sending dealers high priced models, instead of sending base models that are more affordable to customers.

[@mattusapparatus5968]

Cost is the issue. Period. Cars are WAY overpriced either due to spreading EV investments across their entire ICE lines, or just greed (look at the 24 Tacoma). Dealers are still marking up, and interest rates are still terrible. Even on deals, I'm not taking a $600 60 month on $30k financed payment with perfect credit for a car I could buy for under $20k a few years ago. Fuck that.

[@davidbeppler3032]

I was subbed to your channel... just noticed I was not anymore. KZbin had removed my sub. I resubbed.

[@al_lavery]

Double checked, I was unsubscribed by U2, I am now subscribed AGAIN, keep rocking on, we enjoy your content. Good luck

[@brucerickey4715]

In Portland this week price's are way up couldn't buy one. 3 thousand dollar car going for 5k the cheap one I seen a tow in not running 3,500 2013 ford fusion didn't sell on a offer.

[@user-cl5ov9dx5o]

NEW VEHICLE DEALERS invented the software hack to tide them over for the LACK OF SALES. The NEW car dealers actually DESERVE to go completely OUT OF BUSINESS.

[@kwell2307]

I'm seeing 2004 vehicles for 12-15k. It's nuts. Also, cyber incidents always happen when the numbers aren't met.

[@JoeMoe-oe3mw]

I can see cars on Copart being sold much lower than they used to a couple of years ago. They also sit much longer. Houses in my area are overpriced, but price declines by seller are now 10% in average almost across all houses.

[@marvelharris9540]

the prices were so inflated that it will take a long time for them to come down to earth again.. the ratio of earnings to the cost of a new/used auto is way out of line

[@fredflintstone6163]

A 48 year old truck with few electronic stuff and no buzzers and rebuilt drive train is a better buy I have driven mine through mud and water over hood and it didn't stall dried it out change oils and fluids still works fine 😊

[@vincentrockel1149]

Cars have gone the way of phones. They've become poor at the job they are supposed to do, in the purpose of a car that being a means of transportation, but they are great at providing you with tons of technology you don't need.

[@JohnDeLorme-g7d]

The cars are too high! Period. I only bought a car last year due to 8200 equity in my trade. I bought a different car than I wanted because the insurance was too high on what I wanted. I am at 5.9 apr. I financed 20,500. I paid 29,000. No mark ups. My payment is 342.00. I have paid extra principal so I’m 50 percent paid off on my 6 year loan in 12 months. My Loan is 10,762 now. I’m keeping this small suv till it dies since I can retire in 6 years. My insurance is 229 a month. If I would have bought the car I wanted I’d be over 325-350 a month for insurance. I bought a 24 Honda HRV EXL. I wanted a 23 Accord EX.

[@18_rabbit]

how old are ya and what region? Damned high insurance for you!

[@JohnDeLorme-g7d]

@@18_rabbit I’m 52 in Texas. We have high insurance here. No regulation. My credit is 795.

[@budstep7361]

The cost of insurance is also wild right now... Cost of ownership through the roof!

[@sp3llb]

Surprise surprise, crazy prices after the corona supply chain shortage, then add on real inflation mixed with greed. Now cars cost way more. People get tired of this shit. Especially when new shit gets back in stock and thus used car prices drop because of that.

[@18_rabbit]

yeah but takesa long tme bcuz of sales shortage for a long period. Catch up takes time

[@jimmyg6780]

You forgot “Bidenomics”

[@sp3llb]

@@jimmyg6780 yeah sure, biden did it. Remember the gas pump stickers? Aged like sour milk. Just vote for the orange crybaby if you want to. Will not help him escape from prison, which is the only thing he cares about, besides scaming idiots out of their money.

[@anthonythevettedude8270]

Confused with this market because two weeks in a row the manheim auction in Florida has been buyers bidding higher then the weeks prior! Idk wth there thinking

[@18_rabbit]

FL has all sorts of money (sources of it)!!!! Been shady since 1970's if not 1920's!

[@davidcoombs1874]

Dealership in my town has a mustang they got last July for $53,000. It was worth $40,000 when they took it in. They want $53,500 for it. I assume they had to buy it off their floorplan. I can’t imagine they want to keep paying interest on it. Oh and I know what they paid because it was my old car. It’s a 22 mustang GT premium with 5000 miles on it.

[@donkisler3538]

You can only buy stock back if you have cash to do so. This will be short lived.

[@ianwhitlock1920]

Vastly over-priced cars meet buyers scarred by inflation. only one outcome. same here in Britain.

[@Whatiizit]

Market adjustment should work both ways

[@xroaddog934]

Great Vidio's! I Like Watching Informative Video's... Keep up the great Job.

[@argentpur86]

I do see that AN has learned from AZO. They are not only buying back stock they are Greatly Borrowing money in order to survive and buyback that stock. It's gonna fail at some point. The "market" is such a scam anymore.

[@rightangletriangle3188]

WE consumers coming from an era of high inflation and most of us have learnt how to stretch our dollar and being frugal is one of them. So just run our old cars until they're not feasible to own. I'm still driving a 1997 Nissan PathFinder and happy with it.

[@michaelnewton8329]

I see Toyota Camrys all over Honda CRVs Tesla's

[@jefftaylor844]

Could the problem be that new vehicles in the year 2024 are insanely OVERPRICED ?

[@petercollingwood522]

In April 2021 I needed a new car. I had almost no money. I tested 8 cars from 4 manufacturers. The physical differentails between them didnt justify the price differentials so in the end I bought the cheapest car in America. A brand new Chevy Spark. I'd have preferred an S-Class but I'm not a millionaire. The car has been perfectly fine for over four years now and a easy payment I can handle without difficutly which enables me to pay down debts and use my money for other things. Going well. I commute six miles each way to work and watch all these idiots in gigantic dinosuar trucks and SUV's that' cost he same as a house usd to cost decades ago congesting the highway and surface streets. Over 80 percent of them are individuals who have no need for such a vehicle. Under 20 percent actually have more than just the drivers in them, and less than 10 percent have a work crew. I believe I have bought my last ever new car. All vehicles are stupidly over priced and there is no way I'm ever going to pay such nonsense prices for stupidly and unecessarily overpriced and overcomplicated products I have no use for.

[@Newlinjim]

You did good.

[@SB-ie8jn]

The issue is car prices are way too high! The percentage increase over the last three years is crazy.

[@deanmitchell9568]

Good info that I haven't heard elsewhere.

[@luciamunoz9700]

Yeah it’s still a no for me. Prices are STILL way too high. I’ve been needing a vehicle for a long time, but I’m willing to wait even longer. There’s a long way to go still.

[@rnskfamily7672]

Credit is tight. Big finance companies are cutting cost holding on to cash to open the box after recession to pocket big bonus and salaries.

[@merlands1]

WE live in a world where a cup of coffee is almost 10 bucks and a cell phone is well over a grand.

[@emmexfyv]

Not long ago at all you could get a cheap and filling snack at McD, a DOLLAR double cheeseburger and a DOLLAR large soda...... 2 stinkin bucks and I was no longer hungry. Not a huge meal but TWO BUCKS. Thanks to whatever combo of greed and inflation this is like TRIPLE the cost now.

[@artiglesias9317]

Pure greed on the part of the car and truck manufactures, and their dealerships; that went on for decades. I believe your analysis is 100% right.

[@useall7665]

No1 wants to work or travel why buy a car😊