MASS LAYOFFS: Auto Industry & Car Market In TROUBLE

[@joeatch2]

There's no figuring out how to sell new cars. They are too expensive to buy. I'm wealthy I drive to 10 year old cars. I can actually afford to buy a brand new car cash even a Lamborghini. It's absolutely insane where the prices are for Toyota SUVs.

[@louisstennes3]

Take if from an ex Air Force communications specialist that spent many an hour in front of military spec AM/FM tuners. This is not a mandate for entertainment but a safety issue. AM broadcasts are in a low frequency bandwidth that are comparatively speaking in today's world are inexpensive to set-up and broadcast. That is why no matter where you go in the country , even in remote areas you find AM radio that goes out 25 -50 miles and more at night. You can still get an am radio for 15-20 bucks. The gov't uses AM stations for emergency broadcasts of tornadoes, hurricanes, floods , and other emergencies as do the local stations. Losing am radio means losing a vital part of the emergency network notification. I can get into wave propagation but that would bore you more than I have already.

[@louisstennes3]

Oh by the way I for info only, AM is short for Amplitude Modulation and FM, Frequency Modulation.

[@BTC909]

And automakers want to get rid of AM. I see the same coming for FM. Manufactures can't get subscription money from AM & FM.

[@nobodynothing9950]

I may be a conspiracy theorist, but when I first heard they were trying to get rid of AM, I couldn't help but think of a lot of conservative talk radio is on AM stations. I used to listen to Rush on AM. Now Bongino.... and others.

[@louisstennes3]

@@nobodynothing9950 I never thought of that angle, but those people in DC that run this country are to friggin' dumb to come up with some plan like that.

[@Skyking6976]

@@nobodynothing99501. As a Tesla owner electric motors interfere with AM reception…science not conspiracy. 2. Studies show a decline in listeners. Yes, you can probably fine a poll showing the opposite. 3. Car manufacturers are focusing on infotainment, Apple CarPlay, google whatever it is. Yes, lots of conservatives in rural America use AM for religious and talk radio. Maybe in those parts of the country they’ll keep it. I have more apps or whatever to hear music, talk, etc., than I know what to do with in this thing. I haven’t even tried them all over the 2 months of ownership.

[@JohnnyBravo-n9o]

Anybody that pays 100K plus for a CDJR product has rocks in their head.

[@Asheriko]

🤣😂 100% True

[@BigEd1001]

Layoffs to switch the vehicles that are being build aren't a sign of TROUBLE. Hell, my house doesn't have AM radio.

[@Ruteger100]

I loved the Stellantis announcement that Jeep is now a luxury brand. Just like that. This pig ear is now a silk purse! Wow, the arrogance it amazing!

[@Kevin19700]

Poor management on a mass scale. Bankruptcy soon.

[@nissan300ztt]

Wranglers shouldnt be over $45k. Period. End of story. Fuck Stellantis

[@stevepailet8258]

I went into a dealer about 5 years ago they had a nice grand cherokee sitting on the floor.. I took one look and basically blew chow.. 100K for a POS vehicle.. Reality is Fiat and now stellantis were putting the lowest priced parts in their cars even then.. Now is no different. Figure if they got 100K miles something major would blow up. so NO never going to pay premium for yugo quality

[@nissan300ztt]

@@stevepailet8258 Stellantis wasn't making Jeeps yet in 2019. And there were no Jeeps that expensive then. Quit lying.

[@Snowboarder16]

@@nissan300zttyup total BS

[@stevepailet8258]

@@nissan300ztt I cannot help what I SAW it was what I SAW and would assume it was under the fiat branding at the time

[@IrishNew]

Let Stellantis fall and go bankrupt and don’t bail them out.

[@kenholmes2116]

I have been watching Ray and Zach since shortly after they started their channel. The charm of the show has always been the dad/son relationship together. I haven’t watched an episode for over a month and decided to checkout a livestream today Tuesday 9/24. I don’t even know how to describe what I saw today. I am not even in the market for a car anymore but always liked the father /son relationship of this show. Today’s show was not that! I don’t know what is going on in Zach’s life to cause that reaction but what I saw (and heard) of you treating your dad that way actually made me a little sad. I am sorry you were treated that way Ray!

[@raffaeleorsini6648]

I think Zach is too worried about offending his customer base for Car Edge.

[@Sqwishyplatypus]

what did I miss, I was watching it, stepped away for a min, and then noticed the video when offline and then went private

[@raffaeleorsini6648]

@@Sqwishyplatypus To quote Zach from today 9-25 "Hey! Zach here. I got upset with my dad and ended the show early. I got upset because he talked about something I asked him to not talk about on the show and then I lost my cool. It was embarrassing and I feel really bad about the situation. Excited to learn from it and grow. Thank you for watching!"

[@hosocat1410]

I live in a smallish town in Central Alabama. About a block off the main road on an empty back lot not visible from the street the local ram dealer has stockpiled well over a HUNDRED ram trucks. No one here can afford them.

[@wisehokie]

Prices are way too high across all major brands. But the Ford F-150 and Chevy Silverado 1500 are still selling at a high rate. If people continue to pay inflated prices, they will remain high and you could say they would trend up for select models/packages. I don't think we've hit the bottom of this recession yet. We being the working class people.

[@theantiqueactionfigure]

Chryslers customer's had choices once, a Valiant 6 on the lot right next to something with a high output Hemi.

[@Zneedsmore]

Ray is spot on: Corporate Greed. Nothing less. Inflation is one thing; pushing greed to take advantage of the consumer is another: TOTALLY losing sight of your target market is unreal.

[@ramblingheart6625]

I have been a Ram 3500 customer since 2003. Every 2 years I have traded up .. my girls and I have a ranch and so hauling power is necessary. This truck now is a 2021 - 3500 dually . I won’t trade up and I cancelled my extended warranty because I needed some things fixed that was to be covered . They refused soo I’m done with Ram !!

[@paulweston9384]

Think of all the households that are cutting back on their spending because of income loss due to the layoffs. MILLIONS OF DOLLARS IN LOST SPENDABLE INCOME!

[@northernliving2387]

Car manufacturers need to figure out why. Car buyer are not going to buy vehicles over priced and recalls all the time because auto makers want to build them cheap. If that's the case they can go out of business

[@BlackYellow07]

$100k pickup trucks, sounds like a great deal. American Greed was a great show.

[@Gauchograd99]

Always love the show. Wish I could watch live but I’m overseas. I’ll catch up here!

[@johnweibel1128]

I listen to AM radio while in car. Religiously. Local interest, traffic, sports, alerts.

[@kevinreichert3254]

One thing I’ll give Ford over Chevy (I have a Chevy) is road noise. There is noticeable noise in my Colorado, but this past weekend I road with my dad on a fishing trip. He has a 2020 Silverado. The road noise was insane due to his tires. They were the same tire he used on his Ford before getting the Chevy, but the noise difference is night and day. He will be changing to a less aggressive tire to quiet it down.

[@clintonross1649]

Nice episode Ray & Zack, much appreciated.

[@azbob1951]

... AM radio is big in rural Arkansas ... but we're not New Jersey or D.C. we're just a bunch of hayseed clod kickers

[@jonmurphy776]

But you sure do have some nice turnip patches 🎉

[@dampergoldenrod4156]

Turnips grow in Michigan​@@jonmurphy776

[@ToddKellum]

Always look forward to your show!

[@byronnlangley]

I bought a new Ram 1500 5.7 4x4 Big horn in 2018 sticker price was $56,000 they gave me $10,000 incentive which thought was a great deal but dealing with Chrysler Capital has been a nightmare and I will never finance with them again. My prior purchase was a Toyota I financed through capital one and was a much nicer experience.

[@brianjohnson3833]

there are lots of news channels on AM radio's talk shows. And another thing it could be for All points bulletin for emergency maybe who knows

[@steven4315]

Ray's the first guy on youtube to get the Fairfax story right! It's a temporary layoff to retool for new product.

[@stevepailet8258]

I figure if they actually re open the plant it will be a miracle

[@steven4315]

@@stevepailet8258 It'll reopen. The dedicated EV platform built on the same line as an ICE platform is GM's new setup. An Ultium Bolt will be cheaper to build. The auto market wants affordable cars.

[@dampergoldenrod4156]

I listen to AM radio more now than I did 30 - 40 years ago

[@brianwhitney9181]

It will be interesting to see if and when some car manufacturers will merge together to stay alive in this market.

[@lmiranda6]

Most working families wants affordable vehicles. Chinese are able to make good evs for under 12k. 100% Tarifs on chinese evs keeps vehicles too expensive to protect the ICE vehicles industry.. Ice cars have not a chance in compare with evs if we get rid of market protections and tarifs. Lets affordable Chinese EVs in the USA market, and legacy automakers will really need to compete and make affordable vehicles that people want to buy (or go extint like the dinosaurs). If we do it, consumers will be the Winners and able to buy cheap affordable quality evs.

[@C.Dragon50]

Fuck ev s

[@matthewbarrios1028]

AM radio might be required due to safety concerns if urgent messages need to be trasmitted. Satelite radio is spotty and you may lose cell coverage. So if emergency messages need to go out....AM would be useful

[@2ligit2]

So you delete the live feed today because Zach has a hissy fit. If it wasn't for your father and his experience, you would be nothing. Apologize to your old man and move on.

[@Sqwishyplatypus]

what happened? the video cut off during the live stream and then went private

[@JoeJoe-ec9tf]

AM radio is also heavily used for emergency broadcast

[@nipperdawg1865]

Am radio is for the emergency broadcast system and is used in tornado country

[@xezqeznunya6671]

Got a Jeep Nighthawk with 47900 MSRP for 40,k before my 4k negative equity Took some time and a lot of conversations with a lot of dealers. A lot of phone calls that never returned my calls, some scam attempts or just shady dealings. But I got it done Learned a lot from this and a few other channels on how to deal with dealers and sales managers. I had 2 final participants with the Jeep I wanted. One refused to budge and lost a sale over 300$ The other where I got my Jeep, jumped all over that deal when I told em how close the other guy was. Best part, it was same dealership but a different location an hour away rather than the local dealership. Some of these sales managers are STUPID. Talking about you Tom Smith in PA. he cost a good salesman, an honest and the rare fair salesman, a sale cause he would not drop down by 300$. I will 100% use that salesman in the future, just not through that Jeep dealership and Tom Smith the sales manager so long as he is running things.

[@fredsmith2518]

If auto makers would just add larger touch screens car buyers will ignore dropping quality and rising prices!

[@dampergoldenrod4156]

I think these touch screens are going to have problems when the car gets really cold during the winter

[@imaslob6168]

Great insights today!!!

[@jamesseabolt5915]

GM has just had a 145k recall on their trucks and SUV's. But maybe not the Chevy Bolt you mentioned.

[@MrBrianbusch]

I forecast on 9/24 tomorrow CarEdge will have a melt down on air!

[@bobwallace9753]

What seems to work well for those infrequent EV fires is a smother blanket. Just a large fire-resistant tarp that's pulled over the vehicle, depriving it of oxygen. It's about using the right tool for the job. Of course, as we move to LFP batteries we will not have EV battery fires. Maybe someone will drop a cigarette and catch the upholstery on fire, but the batteries will not catch fire.

[@Abe-fp7ip]

Minorities use AM radio and special interest also use AM radio.

[@melodyhart1331]

Banning AM radios was a move against conservative talk shows.This new legislation is a move against that !

[@edjarrett3164]

Conservative radio reigns in the AM band and that’s why the Elite want to ban it in cars. Also, AM radio has a much longer range than FM.

[@Snowboarder16]

Yup left wing hates free speech

[@Skyking6976]

@@edjarrett3164I thought the car manufacturers want to get rid of it? As a Tesla owner it’s scientifically proven the electric motors interfere with reception without a lot of shielding plus other stuff I don’t understand. If I want to hear what Trumpers are saying I’ll tune in to XM 125 and listen to the truckers, poorly educated and elderly. It is entertaining at times.

[@edjarrett3164]

@@Skyking6976 As an elite you exemplify the scorn you have over the working class. Bravo!

[@Skyking6976]

@@edjarrett3164 Look…can you really back up your comment the “Elite” want to ban AM radio to prevent conservatives from hearing talk radio? AND by elite are you talking about what…the CEO’s of car manufacturers? Elon Musk…a huge Trumper is the CEO of the car I bought and it doesn’t have AM…so does that make him an “Elitist”?

[@731fault]

That's what they get for greed. I personally Don't feel bad for them. We as consumers we have a lot of buying power.

[@stlc3415]

Talking about EV fires... the I15 between Las Vegas and LA was shut down recently from a semi-truck carrying EV batteries that caught on fire. Due to the fire, the highway was shut down for 2 days leaving travelers stranded.

[@it1988a]

We got a brand new Sentra for $21.5k. Love it!

[@letsgo4834]

Fantastic shirt, Ray! 👕

[@dennislippert8875]

Talk radio is still popular on AM. And the roadside safety alert channels are AM.

[@levenkay4468]

As cars are designed and built to be longer-lasting (and I think that's a _good_ thing), then a given sized driving population doesn't NEED as many of them built each year. I think that can go a long way to explain the flat-ish production volume curves in recent decades.

[@yo2trader539]

Nissan sales is flattish worldwide. New car sales is sluggish world-wide across most brands, and in 2024 inventory levels are much higher compared to 2023, incentives increased, and average transaction price declined due to higher living costs and interest rates. It's a challenging market condition because materials, components, shipping, utilities, and labor cost is about 20-30% higher than 5 years ago. And there are more sensors, cameras, semiconductor, software, and infotainment than previous generation models. To compensate for higher costs automakers need to raise their sales prices but consumers are not able to keep up because wages and purchasing power hasn't kept up with higher input costs. Many consumers believe that car prices are too high, while automakers think it's too low considering the cumulative inflation and more tech/software. Consequently, profit margins are squeezed and automakers have no choice but to cut costs. Chinese automakers willing to sell cars at a loss doesn't help either.

[@rager1969]

According to CarEdge, nationwiede there are 111 new 2022 Ram 1500 with 2oo or less miles on the odometer and 86 with 100 miles or less. If the info is correct, these can't be demo or service vehicles. So these dealers still have FOUR model years of brand new vehicles on their lots!

[@laser31415]

I've not listen to any radio in 15 years. Podcasts have taken over.

[@theczar6171]

You know I’ve always wondered when a plant is taken off-line to start building a different vehicle. Do the plant workers some of them or all of them get to be part of re-tooling the production lines for the new vehicle does anyone know?

[@eduardovignau626]

Smart choice button for the app 🇺🇸🙏

[@BTC909]

I was a loyal Dodge / Chrysler customer. I wish I had better sense when I was younger in this regard.

[@JimBranch-n8s]

Rest assured that the "vast"majority that those workers will not be returning to work.

[@kevinbrown2182able]

No metal fires can be put out by water

[@robertrichardson6904]

There's a reason Tesla Y is best selling car. Former mechanic. 87 years old. Just had my Tesla Y drive me 650 miles. Easiest trip ever.

[@Mattius08]

In the market for a basic new truck, no frills, just need AC and cruise control. They are all $50k or more! I can afford them but won't pay Gonna wait because they are piling up everywhere. I see a fire sale in the future

[@rotart12arx3]

You can find a 4WD in the low forties for a full size truck with discounts.

[@matthewleising84]

Hey that audi caught on fire at my dealership company tomwood

[@DouvikasC]

Listen to am radio every day. 670 The Score Chicago.

[@Dryloch]

Any bets on whether the new Bolt EV will be 10K more expensive than the outgoing model?

[@steven4315]

That would make it about the same price as an Equinox EV.

[@FRWD_FXLRST]

EV’s aren’t failing to sale, legacy auto is.

[@hoosierdaddy8002]

Building back better.

[@gibblespascack1418]

Stelantis wants to skim the market like Tesla has done. Unfortunately, you need a product that people want in order to skim the market. Stelantis does not have that type of product desirability.

[@trackeduser2577]

ray, humble pie is good for you. at least that what they tell me when I have to eat it.

[@vitofnib]

I listen to KDKA am everyday.. it should be mandated it is vital in storms

[@markprad]

I listen to baseball games on AM radio.

[@MegaLighthouse]

AM talk radio is still strong.

[@davescrimshaw7781]

Was at a battery recycling business today - the "Volt" is NOT a car a safety-conscious person would want. The main power lines are configured in a way that, in one accident, the cables were severed - which was followed by a massive electrical explosion similar to a bolt of lightning. The car was burnt completely.

[@user-bmw528]

Fear mongering

[@davescrimshaw7781]

@@user-bmw528 battery experts

[@MegaLighthouse]

Any dealerships have a few new 2022s on their lots? For 4 model years.

[@michaeleastwood6690]

I do 1490 KYCA

[@dathyr1]

Good!!!!!! I hope all the Dealerships go under with all their greedy tactics,fees, and markups to sell their vehicles. Tesla has about the only good way to sell vehicles (buy direct) and don't have to deal with talking to a stupid Dealer. Maybe the Car Manufacturers will wake up and do buy direct instead of all these middle people trying to get their share of the pie. I see one problem with buy direct, the dealerships will try to do their greedy tactics on doing servicing and car repairs and raise their prices on them. I hope we are in a phase to clear out all the greedy Rift Raft and get some honesty in this market.

[@marjac52]

Click bait , don’t believe the gloom and doom, thing will adjust as needed

[@christophergaudreau9265]

Merry Christmas "Stellantis" employees . . . YOUR FIRED !

[@torchind]

Lithium Ion in Water Lithium ions (Li+) react intensely with water, forming lithium hydroxide (LiOH) and highly flammable hydrogen gas. This reaction is exothermic, meaning it releases heat.

[@petercampbell2774]

Opinion about AM radio from The Verge: "Supporters say they are pushing the bill out of a concern that the slow demise of AM radio could make it more difficult to broadcast emergency information during a natural disaster or other related events. Conservatives are also worried about losing a lucrative platform for right-wing news and media."

[@nobodynothing9950]

I love that right wing stuff! Still listen to it on AM!

[@dampergoldenrod4156]

There are far less people listening to digital FM than AM radio. Lots of people listen to AM radio just like lots of people Watch free broadcast television

[@Brian-ut7gc]

Love the show

[@chrisgeiman2790]

cut prices or die dealers and manufacturers have been screwing their customers everyone is done with the games

[@rager1969]

I always saw Chrysler/Dodge/Jeep as not great quality and overpriced.

[@jrp894]

Zach needs to grow up & stop treating Ray like crap!!! Too many temper tantrums!!! Replace Zach with Brandon! The real show is Ray with actual knowledge, not faking like Zach!

[@wunger1047]

Keep telling yourself that theses are temp layoffs until there permanent ones .they will be moving operation over seas also its about supply and demand they have too much inventory they can't sell what on the lots now.

[@carylfontaine3640]

Vermont? That's where I live!!!

[@tomrybold]

good show thanks

[@Mikenperu]

I would say a $45k vehicle is more than most households should be spending on a new vehicle. $45k in this market...

[@matthewbarrios1028]

If EV fires are so rare, and they dont have a massive market share, why do I hear so much about aeV car fires on news feeds? It would appear that statistically EVs catch on fire more often given how few there are compared to ICE vehicles.

[@nipperdawg1865]

Jeep announced auto only available on 4 cyl and hybrid manual only on 6. Trying to push non sellers?

[@sourmash3]

I don’t think it is a fair assumption to say they fired senior executives, like Tim K. And others, because I would bet many of them were forced out when they tried to tell Stellantis how they were alienating core customers. Carlos Tavares doesn’t seem like the type to be told he steering his ship into an iceberg.

[@SkitterB.Unibrow]

How come when you go to the new Chinese Car Shows, it looks 20 years in the Future compared to the US market. Why are we so behind in technology? Regulation and Unions with old guard not letting new ideas flow. We will end up last......so sad.

[@mareble412]

Not at all. China invests A LOT in technology and science in comparison to China.

[@SkitterB.Unibrow]

@@mareble412 Our Gov has given billions and billions to the OEMs and we have nothing to show for it. The gov gives 1.6 billion dollars a year in Oil subsidies, so much money just....poof... disappears.

[@Muffin192213]

I listen to AM radio sports stations all the time don't knock it till you tried it haha

[@davep2945]

Hmm, so new car sales numbers have been basically stagnant since the late seventies and wages versus inflation have been basically stagnant since the late seventies. Coincidence? Maybe but when you have basically the same spending power you had 45 plus years ago but the prices of cars has tripled or even quintupled in that time you're probably going to stay stuck.

[@dampergoldenrod4156]

Car sales peaked around 1999 and then they peaked again around 2015 and 2016. Now they have been slumping

[@dampergoldenrod4156]

Car sales also tanked around 1982

[@dampergoldenrod4156]

U.S.: Annual car sales 1951-2023 - U.S. vehicle sales peaked in 2016 at roughly 17.5 million units.Feb 28, 2024

[@dampergoldenrod4156]

U.S.: Annual car sales 1951-2023 - U.S. vehicle sales peaked in 2016 at roughly 17.5 million units.Feb 28, 2024

[@theantiqueactionfigure]

The big two coming soon!

[@ScottFletcher-r3x]

Love my bolt

[@07181127]

They Created This Mess

[@bradojacko8247]

There are some winners in the ev space: tesla And some losers: absolutely everyone else Why?

[@tamicontreras1971]

Happy birthday to your daughter.

[@jrp894]

AND NOW HE DELETED THE SHOW TOTALLY!!!! Wow!!!! Oh well other shows will have comments now 😀

[@KSpaceyRules]

First principles thinking + insight + foresight = predictable forecast!! Almost all vehicle manufacturers (except Tesla, BYD and few others) will layoff many more employees. It's not even close to being hideous - you haven't seen anything yet. If you don't know what the price of a vehicle will be in 2030, you have no clue of what's happening in the vehicle market right now.

[@troygoggans5495]

Part of this cost is all this electronics such as four or five different drive modes, that kind of stuff is not cheap. I just want a vehicle that I can drive down the road and it will be safe and efficient. I want air conditioning, power steering, power brakes, a smooth ride, and to feel safe. I do not need seven hundred horsepower. There are people that want all the bells and whistles that is fine but ever auto does not need to be offered with these extras. Then there is all these EV’s that have been mandated by the government on a made up climate crisis.

[@donparsons1237]

Everyone loves a E.V. until they don't !

[@wawalker1]

The AM mandate is probably for getting information in the event of a nuclear war. In case you are still alive and your car still works and the AM station still transmits.

[@davidshettlesworth1442]

I agree Stellantis has overpriced their vehicles, unnecessarily. I purchased a used Toyota Tacoma (about 4 years old). I absolutely love the Toyota engineering in my older truck. I am now a Toyota advocate for their vehicles. Yes, I still have my older Jeep-Jeeps of CJ, YJ, and TJ and will continue to tinker on these oldies. (Thank goodness there are plenty of aftermarket repair parts for my old Jeeps.

[@markokrasinski8033]

1 word Hornet

[@brianjohnson3833]

Green