The Car Market Crash Is WAY WORSE Than You Think...

[@jakelemay7913]

Take out the tech, put the reliability back in. We want cars and trucks, not flying phone booths.

[@Times397]

100%! All we want is AppleCar Play, Remote Start, heated seats, lane assist. All this other stuff is just overpriced and unnecessary stuff. Actually, it’s overpriced and unnecessary crap.

[@Lightning77305]

100% right!

[@ksd9756]

This seems like a US problem. Here in Australia, the prices did peak post pandemic but now the prices are crashing, especially for small vehicles. Just saw an ad for SUZUKI VITARA SUV at A$27,000 (US16,800) drive away. (all taxes paid)

[@marin1419]

@@ksd9756 unfortunately in Canada Suzuki exited the market (the whole of North America) in 2014

[@matthewcrittenden4668]

@@Times397you don’t need half of what you listed Bluetooth and manual seats and manual windows would drop prices pretty well same with manual door locks manual transmissions There’s alot wrong with cars nowadays and the issue is people expect luxury

[@don-cw1yz]

The "massive" discounts are not that massive. An overpriced $80,000 truck with a discount of $7000. or $10,000. They have to come down a lot more than that for people to be able to afford them.

[@erikg.2666]

Consumers are also getting fed up with vehicles that barely make it to the end of warranty before self destructing!

[@Tony-l9g7y]

Then buy a beater 😂😂

[@madelinesweetlowis3333]

Too many recalls, price out of reach, to many computer parts, costly to repair, quality. To mention a few why people are disgusted with buying new cars. We don't need all these electric components and gimmicks

[@Tony-l9g7y]

So laser headlights are gimmic. Accident avoidance a gimmic. Lane assist and parking assistance a gimmick because there folks that have impaired or not paying attention

[@madelinesweetlowis3333]

If you pass the driver road test, all you need is the basics for transportation. Phones should be restricted to when the car is not moving, not while driving. Talk about gimmick

[@jimmywhite3922]

Ok....I entered to work force in 1978. I was making $17,000.00. I bought a brand new Oldsmobile Cutlass Supreme with a list price of $5,300.00. That is just over 31% on my salary. My latest purchase is a 2021 Lincoln Corsair with a list price of $45,000.00. This is 90% of my 2024 salary. 72 month financing with $500.00 payments. This is unsustainable and ruining working peoples ability to have any chance at a decent retirement. A major reset in the auto industry is inevitable and actually needs to happen. It IS NUTS!

[@ronnie8252]

Thank you for sharing your story. I absolutely agree with your comment. And our sheet made today that 78 cutlass was a good car.

[@Tony-l9g7y]

Why do you need a Lincoln Corsair 😂😂 you could have gotten a Kia forte for 24k 😂😂.

[@maukasara808]

Those interest rates mixed with over priced, over engineered vehicles. Crazy!

[@NicholasFarbacher]

Simple; new cars are too expensive, electronics are out of control, slash entertainment screens, cameras. Family Cars should look like cars not jets, not everyone wants a 0 to 60 five second monster car. Knock off the extras.

[@nikkicartee879]

I just want to be able to buy a truck that’s a truck. Just needs a simple radio, heat, and AC. But it cost just as much if not more to get something that basic

[@OnTheAir]

You might have to by a truck manufactured when they were still reliable.

[@jayg4202]

Gone are the day's of an affordable "Base Model" vehicle. Today's base model is a $10k vehicle with $20k worth of not needed extra stuff... for sale over $50k!!! In 1985 I bought a brand new "Base Model" Ford Ranger for less than $6k. No power anything (windows, locks, steering, etc.) Just a basic truck to go back and forth to work in. I've owned my current truck since 2016 and there are still 1/2 a dozen "buttons" on the dash that I have never pushed. If car manufactures want to fix this... Bring back the affordable cars and trucks. They are meant to be transportation, not entertainment centers.

[@OnTheAir]

Manufacturers have brought this on themselves by sky high prices.

[@AnthonyTolhurst-dw1nc]

We want a basic truck or car. Radio, HVAC and reliability. Keep your pilot level screen driven tech and give us an honest basic vehicle! Half price without the junk!

[@markstein9254]

THE MARKET IS SAYING THE PRICES ARE A RIPOFF AND A SCAM !! POOR QUALITY AND NO VALUE !!

[@caycecalvert]

First of all they don't make affordable cars anymore

[@Tony-l9g7y]

Umm Toyota Corolla, Prius, Camry. Do you really need to drive a suv everyday. Think about prior to 2000 folks were driving ford escort probe or Chevy lumina or cavalier. If they wanted passengers they get minivans such as ford Aerostar or Chevy Astro 😂😂 or ford ecoline 😂

[@srcola-b8f]

That's because nobody bought an affordable basic car.

[@thomasthomson9377]

It's greed manufacturing and dealerships, insurance ,interest rates and the dam banks

[@barberdoug6930]

Cut the price by 50% and they might sell. I Own two like new paid for cars and will drive them for years to come.

[@RobertJohnson-yc5lm]

Dealers did this to themselves. These prices are based on a consumer income of $100,000.00 ! at least.

[@coencronje1119]

The price of cars are simply too high

[@johnnycarlson1405]

More than that, they wouldn’t sell you a car for 100K if you only made 100K a year. Which is part of the problem

[@Tony-l9g7y]

There are plenty of cars in the 20 to 30kvrange.

[@johnnycarlson1405]

@ yeah with 100k miles

[@jerrytherrien7971]

Get rid of dealers that screws customers all we need is service canterd

[@richardjeun]

If they can make old trucks the same, they would sell. Especially the price.

[@daves4568]

Old trucks is not a symbol of "reliability "

[@joelherzog6571]

this of course will be ignored despite how true it is. They ignore what the consumer needs decade after decade. Execs get paid millions to not know the market, the customer, go figure

[@richardjeun]

Tell that to all the diesel truck owners

[@davidredding1988]

Very simple no one can afford them we are going back to driving old cars.

[@Times397]

Amazing video. You highlighted the key sticking points: price and tech. Until car manufacturers get back to producing more practical and affordable vehicles, it seems unlikely cars will start selling at high levels again.

[@NetGawker]

No one in their right mind will buy a car that does nothing more than report their every move while driving, let alone sign up for an 72+ month loan.

[@daves4568]

Still talking about electric car, clean energy. The media still thinking we're stupid

[@jonvelde5730]

Electric cars are (in principal) less expensive to make, and less expensive to maintain. An electric car not stuffed with useless "tech" has about 10% as many parts as a gasoline vehicle. When electric cars take over, there is an opportunity for a massive price reset. This has basically already happened in China. People there get a good, reliable (electric) vehicle for about 10% of their yearly salaries.

[@ulrich7819]

Everything over 20000$ is not affordable

[@YaseenYaseen-kg3vm]

Agreeeeeeeeeeed 100000000000%

[@Tony-l9g7y]

A Corolla at 25k is. Great fuel economy which pays for itself 😂😂

[@7c8f9x]

I JUST CHECKED WITH TOYOTA OF ANAHEIM, THEY HAVE 1 SIENNA AVAIL. AT 57K, WTH? THEY LIMIT PRODUCTION, SCREW THEM.

[@rodferguson3515]

One of the major problems is taking place in the automobile industry today is the increased salary of CEOs specially from OEM legacy brands as well as the stagnant wages of assembly line workers and of course the stagnant wages of consumers. That too is also a factor in all of this.. The big huge problem is not that people don't want EVS the big huge problem is an instructor as well as prices also the big major France besides Nissan is also Volkswagen once a big huge potential automotive juggernaut is now struggling with labor disputes and increased competition from China is suffering from so many brands that are basket cases and is in dire need of repair as well as the same related problems that Volkswagen has.

[@sipcore888]

Don't buy until 50% off

[@Tony-l9g7y]

That’s worse because now you pay out of pocket for repairs 😂😂 example cvt transmission issues. You on your own 😂😂

[@dougshaw5990]

Pure “D GREED” by the auto companies!

[@yvnerservius1913]

One piece reference?

[@natedog01able]

Gread gread gread

[@josephj7435]

Cut the price and make the car buyer easier. So tired of dealership mark up and unwanted packages that they forced you to have. Very stressful process

[@10drowsy]

You know..... For many years I would hear the phase "pay rent or pay for food - both cannot be bought together anymore....". Thus, people would put their vehicle buys on monthly payments. First, 1 year term, then 3 year term, then 6 year terms". Now, I hear 8 year terms. 0uch! Now, I hear, "One cannot pay rent, cannot pay food and cannot pay vehicle payments anymore"!. Talk about too many hurts!

[@JamesAgans]

Nobody needs an entertainment screen on a vehicle, everyone owns a smart phone that tells you where to turn, so you don't have to take your eyes off the road. I keep saying: I don't need lane avoidance, I have side and rear view mirrors, and coffee. Same for back-up cameras, not needed. 10 speed Transmission? Why? I have owned two manual pickup trucks with three speed on the column. Ok, I still own a 1994 Six Cylinder 5 speed manual. But 10 speeds???? It's not an English bike, it's a pickup truck. Manufacturers have been in a " feature race" for years. Every single " feature" adds another electronic module that has to communicate with the ECM. Those modules are connected with hundreds of tiny wires with mouse loving soy based insulation. It's a recipe for disaster, and it's here.

[@Tony-l9g7y]

I need infotainment because I live in a large city and sometimes need detour because of all the construction or accidents or traffic jams. You should not be looking at your phone 😂😂 so the info tech fixes that and it’s usually touch free 😂

[@KDieter]

Dealers where to greedy the last 4 years and so where the car manufacturers

[@oceanchaser]

yes cut the price by 50% no joke you dealer people better Lisen because there going to rust on the lots no joke. let them go cheap and take the loss just get them off the lot do not think your going to make profit that's not what you want to do just get them sold. if you dealers go bankrupt those cars and trucks still need to sell cheap real cheap .

[@xavierviaene5022]

I own a car repair shop and have about 400 cars to maintain each year. 75 perc of these cars are over 10 y old and have an average of 150;000 to 250.000 km. This means a life span of about 20-25 y because people cannot afford a new car and rather spend 1000 Euro on a year for repair and services and keep on driving their car as long as it is reliable. When I see prices of around 50.000 to 100.000 $ for a new car in the US then it is no wonder at all there are so many people ending up in financial trouble in the US. Audi just announced to close his factury in Brussels , Volksagen Germany about 100.000 lay offs , all over the world the automotive industry will face massive lay offs , even brands to stop or go bankrupt. There is over capacity and decreasing purchase power because people have other issues like home renting, children study, healthcare. There is absolutely no shortage of second hand cars as long as they are maintained good.

[@DennisGLEBA]

Just came back from the Jeep dealership . They dropped prices now there are selling

[@Ilovemom6382]

Well said Xavier. This is tied to inflation and the cost of everything else going up, housing, food, education….and wages not keeping up and corporate greed

[@angelobaldin4796]

Car makers offer us a pre dated vehicles with low quality and low reliability for an absolutely crazy prize.

[@Chris-v4z]

People are buying Used vehicles! Used vehicles are selling like crazy where I live, but I almost never see a Temp Tag on a New vehicle.

[@Tony-l9g7y]

Used Toyota cost the same as new. So you’re better off getting a new Toyota because of the rebates. Just like Volkswagen

[@Kikester]

Crazy new prices, high auto loans, insane insurance premiums & let alone greedy car brands all combined is the outcome. Let these companies suffer with low sales & minimal margins. I bought my 1st car back in 2019 for $7,000, It had high mileage obviously but now that car is still running strong & I’m currently sitting at 213,000+ miles.

[@cormacsage7126]

Buy direct from factories is the way to go

[@DonutVIP]

All these extra "feature" is just a money pit, even people with back up camera can't even back up

[@natedog01able]

Cash for clunkers made a lot of problems with the used car market

[@songiv850]

Over prices create rot lots 😢

[@princesslithium]

The dealerships price gouging practices are killing the market. Abusing trim packages resulting in over 100K pick-up trucks! NO! That's 9-11 territory.

[@-randychasechase2660]

Any truck over 45 g ain't worth shit . Cars over 28,000 are also ridiculous

[@robertoney5665]

Big Vehicle Manufacturers love the tech they put in the cars.

[@bjank4598]

Pricing is the driving force regardless of manufacturer. Also they are trying to sell everything as a luxury model

[@matthewvanderbeek2847]

Veicles are more complex and many don't last. Making them to meet Government standards. But are less reliable. Going to be interesting what will happen in the manufacturing industry. Looks like a mess. Big Government bail-outs probably. Cash for clunkers. Lol But most people don't need a big vehicle. People can buy a car for 30,000

[@WillAlexander-n4o]

Bring back a basic truck: dependable engine(lose the computer tech), a/c and a heater, radio , a window a can roll up or down by turning a handle, lose the LED headlights. I'm pretty sure the off the lot price could be in the 40k to 50k range. Call me old fashioned but i like having to be aware of my surroundings and paying attention , focusing on the drive.

[@richardlo4867]

Way...too...expensive. Greedy dealers can take a long walk off a short pier. Living fine with my 12 yo Jeep and 9 yo Hyundai.

[@jasonpowell584]

The prices, and quality are the problem

[@chrisbecker3629]

Even private sellers were poisoned by the pandemic era of thinking they can price their used cars at whatever they wanted. People forgot the there are blue books to guide rational pricing.

[@vsam868]

What dealer incentives?? Countless KZbin videos showing dealer markups on vehicles that have been on lots for over 100 days some hitting 700+ days and still have stupid add ons. Are dealers really feeling the pain? Let them rot and dealers go out of business....change to direct purchasing from the manufacturers.....sell through Amazon like Hyundai...no one needs the headaches of these stealerships

[@IamUndone]

Too much proprietary technology and trying to squeeze out local mechanics by squashing “right to repair” legislation. Cars are made with deficiencies so people have to go to the dealer for repairs.

[@VidarLund-k5q]

Maybe it's because of over production? People only need new cars when they really need one. Taking care of and maintaining your vehicle properly will ensure a long and satisfactory life. TLC pays in the long run.

[@danyel4148]

Bring back the small trucks, most people don't need a huge truck. Bring back minivans, cheeper than SUV and better for family's. And stop building new cars every year. How about a new model every two or three years. Leesing is a scam, it's like renting a car that you can't drive more than 12k a year. Who drives less than that? I don't know of anyone that does less than 20k a year at a minimum.

[@Tony-l9g7y]

Nobody need a truck unless your a farmer or hardware or handyman job 😂😂dodecstill makescaravan

[@danyel4148]

@Tony-l9g7y well I'm not a farmer or construction worker, but I do have a small truck that I use to pick up lumber and materials to fix and build things around my property. Very useful. Specialy when movie appliances.

[@Tony-l9g7y]

@ welp a mini van or Volkswagen station wagon or hatchback or sedan with folding seats will work lol. Heck the ford maverick is 25k lol

[@LuisRojas-uu4om]

The affordable quality car and truck race must begin for these companies to stay in business. More simple car options that people can afford to drive to work or use for work. They forgot an auto in the end is just a tool for most people

[@penny4urthoughts106]

All these car companies are just greedy. Back in the 80s/90s almost everyone in the family could have their own car. We've been sharing 1 car for 2 yrs now. Inconvenient at times, but we're making it wk.

[@woodytree1961]

My car is 17 years old and in a few days it will turn 18 years old. Sigh when are they going to learn?

[@rlmfishing6969]

No one can afford a new car, most can't even afford to live

[@ManuCamus-k6t]

The government should force them to sell to us at heavy discounts!

[@Widkey]

The new vehicles are less reliable, less power, yet twice as expensive.. all comes down to greed. They can keep their overpriced trash cans

[@stephenstarling]

Dang. I had my heart set on a $100,000 truck

[@BobTheSignMan]

But I was told this is the best economy ever? Who can afford a 95k truck? I don’t need all the bells and whistles. I need affordable vehicles.

[@jorgemascarell]

High prices, low quality, is good that this happens to greedy companies that have been abusing the hard working people. To much tech all computers all breaks down. Nothing like good old cars and good old prices.

[@melaniezette886]

Build what we want

[@remowilliams6152]

Get rid of dealerships, let people buy cars directly from the manufactures! It will cut at least 30% of the price!

[@michaelmurphy7177]

I drive a 1957 Ford Fairlane, it does not go down in value. Just something to think about.

[@giawoodell3996]

I am not thinking of buying an American product and here's why. I purchased a 2004 Tundra, 252,000 miles later, no real problems. My wife has a 2014 1/2 Camry 62,000 no problems. I've owned Fords, GM products, but peach of mind, is priceless. GO Japanese products. Build 'em right, with a great warranty, or let 'em sit in the lot, Joe Woodell, retiree.

[@jrlangdon89]

Because they charge way too much

[@AllenMurphy-le8sw]

You should send a lot of the inventory south if possible example would be the people in Cuba are still driving around in 50s and 60 year cars. I guess it’s a matter of trade and what you can use to set up a trade deficit and take an advantage on itbecause of what’s happening in the market.

[@danielgriffin8132]

Mechanics hate working on the newer cars to much crap cramped in small spaces. we have phones we don't want or need all the crap on cars.

[@NelsonMartin-hp3js]

China won the competition, and will dominate car making.

[@Tony-l9g7y]

Not over Japan and Korea (Kia n Hyaubdai

[@remowilliams6152]

There r no Chinese models in the USA.

[@Ilovemom6382]

Not only is price the issue quality is down too with engines designed to fail because of cheap parts. Price needs to come down and factory bumper to bumper warranties need to be way extended. Keeping my 2015 Honda accord with 100k miles for as loooong as possible and then only buying a car that has proven quality and reliability and decent price

[@dougspray7160]

America and Europe are continuously whinging about Chinese Government subsides and encouragement of EV development and sales which have been so successful in helping that huge problem of carbon emissions from ICE cars. Why doesn't America subsidise and encourage EV development and become good world citizens, perhaps reduce some of those 700 military bases world wide could finance the idea. I have just remembered Mr Trump and many Americans do not understand and accept the science of carbon emissions and their effect on the ozone layer and how catastrophic it would be for the planet as average global temperatures increase etc. Fortunately by far the majority of countries ( over 120 or so )accept global warming, signed up to the Paris agreement and have set targets to reduce carbon emissions to zero by certain dates. ICE cars sales are down, VW closed 3 factories, Nissen, Jeep etc likely to go bankrupt due to low sales. Clean clear air with no noise from ICE cars as high tech Chinese low priced incredible value EV sales are increasing at an astronomical rate in South America, Mexico, Asia and African markets. Heavily polluted cities like Jakarta Mexico City Sao Paulo etc etc are being transformed as EV sales increase. Come on America, lets have a bit of competition, you could equal the price and quality and produce EVs equal or better than the excellent Chinese high tech EVs if you invest in the industry and set your mind to do so. China is the undisputed biggest car manufacturer on the planet with sales growing ex ponentially and EVs improving continuously. Overall the world loves them.

[@oValdosLaw]

The prices are ridiculous. 50K for a Tacoma? You crazy!?

[@pauljastrzebiec-milewski4410]

The car prices are not high, they are insulting human intelligence.👹👹👹👹

[@John-bi1lv]

This is not difficult to figure out the prices are ridiculous now and interest rates are higher people simply can't afford them anymore that's really that simple

[@harveycamacho2247]

The price of these cars and trucks are out of control no one can afford them. Your car payment should not be 600 to 1000 dollars. You we be broke if you do this.

[@renatonavarro98]

Consumers are broken. There are no affordable vehicles produce in USA 🇺🇸. Marketing needs $12.000 wheels they can drive .

[@thetony0185]

If the job creators just paid their workers more, they may be able to sell more cars, but they're too greedy for that and the Feds will bail them out when they crash, only the workers fighting for better wages!

[@johnrockenbach7241]

I feel dealership’s are going to go away…darn

[@pperk1219]

Honda dealership was packed yesterday when I was there.

[@Times397]

Although the market is out of whack now, Honda and Toyota are still the more practical options.

[@jrff1649]

About time dealers get paid back for gouging customers 42% in couple years!

[@DanielleStevenson-c8l]

Cars don't need to be fancy or boringly techy. A standardized vehicle reliable to get you from point A to point Z. US automakers need to get themselves to make American made and make our own chips on cars. Recycle the E.Vs and make reliable and functional products!

[@DanielleStevenson-c8l]

It's probably reason the Camaro and viper retired they don't want those cars being in the financial crash. Cause they can get expensive

[@stuartloggins3691]

They should keep autos simple so you can fix them yourself. And keep the prices so people can afford to buy them and enjoy them. You can't enjoy an over priced over complicated car.

[@ivanf8-ep2]

Car are higher than house were 20 years ago

[@stevepreis2513]

So glad 2018 Tundra is paid off….. 81k miles I’ll keep it

[@-randychasechase2660]

Lightings don't meet the job they were bought for

[@ThomasMatica]

US CONSUMERS WANT THIS. SHOP TILL YOU DROP. DEPRESSION IS HERE. YOU BETTER MOVE TO A GATED COMMUNITY .

[@joelherzog6571]

think the price of grioceries, healthcare and homes doesn't effect your industry, THINK AGAIN. We are in a necessity only economy, no room for these absurd prices

[@CoachPaul-c1b]

I don't trust the new cars reliability and most can't afford to fix the junk. New cars need a much longer warranty!

[@faraon2012]

We living la viida loca, the falls of Wonderland in America. 🎉

[@youarerightboss]

Glad I purchased a new 2nd generation 2021 Toyota Sequoia TRD Pro employing that bulletproof naturally aspirated 3UR-FE 5.7 liter V-8 engine and reliable 6 speed Aisan transmission

[@DavidWootton-yd5ws]

You never listened to Henry Ford. You have all these vehicles made by robots instead of human beings. Hence, people don't get the salaries in order to pay for these cars! If you want to balance the finances in this society, you MUST hire lots of PEOPLE!!!!

[@tomwoehle3519]

Greed kills.

[@Gh.Ma.199]

The market deals with consumers as milking cow🍼🐮, however milking cows needs the appropriate feed.🍔😂

[@-randychasechase2660]

You can't push paper weight on people that don't want them

[@omgwar299]

Id be fine with a nice stereo, auto, windows, and apple carplay.

[@normanbailey6361]

Speaking of excess, over 22 minutes for a post that could have taken less than half the time.

[@mauriceldisgreecanadahaspr9560]

TOO TOO MANY TRUCKS SUVS BRING BACK SEDANS MAXIMA OR TAURUS OR IMPALA TOO MANY TRUCKS...... HARD TIMES COMING.....😮😮😮😮. 😮😮😮