The Car Market is BROKEN: Are We Headed for a Financial Reset? GM, Ford, Ram, Nissan KIA overstocked

[@mc4277]

All I can say is that I work my ass off everyday. I've never been this broke in my life. I'm fucking tired.

[@kiethkline7168]

Absolutely. It’s rough out here. Making better money than I ever have, and can’t afford shit

[@JCT442]

Prices as outrageous as you highlight will continue as long as people are foolish enough to buy this junk.

[@fulltang1]

I think what you're missing is that these dealers would rather go bankrupt than lower prices, even if people aren't buying.

[@homeiswheremyhouseis5517]

Lots are full. People are clearly not buying.

[@Enochrry6024]

People are buying them like hot cakes in the southern states, the Denali+Ultra,ATV,High Country,Black Widow,Bison, RST,ZR2,1500,2500,3500, Gas,Diesel you name its on the road in southern states pulling RVS',Campers,Trailers,Boats,Heavy equipment including all (Fords)which are #1 in sales.

[@johnj8840]

@Enochrry6024 Well those people are obviously pretty dumb then.

[@Enochrry6024]

@@johnj8840 ...Says who you?,people do not give a dame about what you think.

[@andredaedone7732]

I am a single boomer with no issues with money and I would never buy these vehicles with the kind of prices that they want.

[@TheCarGuyOnline]

I probably shouldn't generalize as it's never "all" of a group that does a thing :). Thank you for sharing.

[@justsayin3600]

I make 6 figures. My problem is new vehicles are not reliable, not to mention overpriced. I have 2 personal vehicles. My thoughts are, I need transportation, I don't need to drive a statement. I would rather completely restore my 2006 Toyota Sequoia, with new paint, reupholstered interior, even drop a new crate motor than spend 70k+ in new garbage.

[@TheCarGuyOnline]

@@justsayin3600 I'm right there with you. I haven't been able to part with my 2008 Sequoia for the same reasons.

[@gregorioalexanderchoquemor1989]

Yeah ,only few brands have kept prices reasonable like Suzuki, most brands are asking way more than a house for a car now .

[@Leosart2011]

I stopped looking for a truck. I will keep fixing my car as long as I can. This is ridiculous.

[@PrepperDawg]

same here, will just keep repairing my 20 year old Tacoma.

[@DUNEATV]

How long can you wait? What if the engine goes in your car or what if you absolutely need the truck. Or what if you just really want it because it’s the right time in your life? Do you just stop living?

[@Leosart2011]

​@@DUNEATVso buying the latest truck is living to you? Not to me.

[@PrepperDawg]

@DUNEATV Stop living? Lol. Lord no. My 2004 Tacoma Off-Road is still very capable and runs strong. I keep it maintained tip top. We also have a 2018 RAV4 with low miles. So a new pickup truck 🛻 is a want, not a need.

[@DUNEATV]

@@PrepperDawg That’s great! Some people are not as lucky as you.

[@turbosube5083]

I sold vehicles from 1994 to 1999. I made some friends in the business during that time and we have stayed in touch over the years. The thing that amazes me, but it really shouldn’t, is how many deals still come down to one thing, the payment. There are countless examples of bad car deals really hurting people financially so you’d think there would be more awareness out there but it seems the majority of buyers don’t seem to care. During Covid I stopped in a dealership to see one of those friends who was the F&I manager, I remember him saying “Coming soon to a dealership near you, the 10 year auto loan, only 120 easy payments and it’s all yours” and how both of us had a really good laugh. We aren’t laughing now.

[@jeffmoser6847]

Agree we need to stop paying these prices and make these car companies drop prices

[@TC-dp3vv]

Too many “smart guys” paying whatever dealers + manufacturer want for their crap

[@johnpick8336]

Until customers say No, things will remain the same.

[@Kaiu]

This is a spot on description of what is going on in our economy. Over here in Ohio, it’s not terrible yet, but being 27 and trying to live in this market, with a solid job, and a house payment, it is still extremely tough to afford everything from groceries to entertainment. It’s been years now since Covid and a great reset has to happen otherwise we are in for an ugly next 6-8 years

[@waynemangiardi734]

Complete overpriced junk!!

[@Sams911]

the new Toyota product line is SO disappointing with their stupid 2.4L 4 bangers for $70K trucks

[@johnhinant970]

Just wait until all the turbochargers to fail!

[@omnipi]

Indeed, and if the cars were smaller/lighter the engine would be better suited for it, and the car safer

[@censoredeveryday3320]

Contractors I know are buying used trucks online, having them shipped directly to a repair facility. Some of them are getting full engine/transmission replaced with re-man units and still come way under price. Another guy I know buys trucks wrecked and then pays someone to fix them up. Still way cheaper than 70k

[@kyrosmike]

As an electrician no way we need trucks these days if you work for company, the foreman drives the truck normally a XL or WT. The supply houses will bring most of the materials to job site anyways. Many of us have beat up hybrids or civics these days for the hatchback to keep a packout or dog sling in back seat for tools.

[@treasurethetime2463]

Right.😂. I love the perception that people in the trades all need brand new dually diesels every 2 years to "get the job done".

[@TheCarGuyOnline]

That's the point I'm getting at. Whether you have to buy it or the company, if the WT costs $50k instead of $30k, they need to charge the consumer more to get work done (inflation). Also the consumer gets charged more because the "supply house" is brining materials to the job site, there's cost in that and it is passed down (again more inflation). It's a vicious cycle. I do see a lot of small business owners buying these trucks as a write off surprisingly enough. Plenty of "small time" guys that own roofing companies and the like here in Colorado, they spend it or pay tax on it...one or the other.

[@trumpet12345]

Alot around here keep those egg shaped dodge and Chrysler minivans in use even long after chunks fall off. The 3.3 boat motor I heard was the best of the 3 compared to the 3.8 and later 4.0 reliability wise.

[@chriscordray8572]

Everything is about 40% inflated from actual value. We won't buy at these crazy prices.

[@racebanning6390]

Or More!!! GREEEEEEEEEEED! Is a cancer

[@bayareasolarpower]

Man, well put. The feeling that everyone and everything is trying to get in your wallet these days is so spot on.

[@RS-ft7nv]

Went to a ford dealership, they push to sell their demo f150 trucks and only give a $2,000 discount and its a 2024 with 2,400 miles. The leases are out of control. Ridiculous what people are paying out there.

[@TheCarGuyOnline]

Yeah at my local ford dealer they had a "deal", it was a demo hail damaged F150 for about 10k off.....WTH?

[@namtran512]

@@TheCarGuyOnline Some guy tried to tell me a new 2024 Lariat 63k out the door was a steal. As though I couldn't just buy a few years used F150 XLT with some miles on it, slap some Katzkin leather on it (and that's the EXPENSIVE option, I could easily go with just seat covers and it be way cheaper), then do a transfer case and literally still be 10k under their asking price of a new Lariat and have basically 99.9% the same Truck.

[@dustincollins16]

I stopped at my local CDRJ dealer yesterday and spoke with a sales rep. He said stellantins is offering big rebates and dealer is offering further discounts. He says people are still not buying . NOTHING has moved off thier lot all year. He said things are not looking good if things dont change.

[@TheCarGuyOnline]

Yeah it's just a matter of when, and how it plays out. These companies will probably be fine, it's the people that will get hosed (workers). They will lay off workers/stop shipping or throttle shipping before they'll change much else. I don't think they'll sell vehicles for a loss, it makes no sense, they know someone will buy eventually.

[@johnconnelly8326]

I’ve gone out of my way to look and I found NEW 2023 Ram that was still priced at $58k. I offered them 35% below invoice. They told me “no.” I said, call me in 3 months and we’ll talk new numbers. It’s been on their lot for 280 days.

[@losthighway4840]

Brother we’ve been printing money for 25 years straight

[@TheCarGuyOnline]

Agreed, but the GDP to debt ratio as of late is what worries me, it's at 125% currently, in 2018, the ratio was 78%.

[@mostlypeacefulmisterputin]

*112 to be specific*

[@losthighway4840]

@@mostlypeacefulmisterputin nah there was a surplus in the 90s

[@mostlypeacefulmisterputin]

@@losthighway4840 *If there was a surplus that would have meant all of our National Debt had been paid in full and there was money left over.* *So I guess we’ve accrued $36 trillion in debt in 24 years?*

[@mostlypeacefulmisterputin]

@@losthighway4840 *In 1964 The head of the Social Security Administration testified before congress that as of that time, the social security program was $298 billion in the hole. You think that was ever addressed?*

[@Slammingutz]

I laugh at people who are buying all these overpriced and cheaply built vehicles. The new Toyota Tundra’s and New Tacoma’s are the biggest rolling pile of junk for what they are charging. It’s like Toyota turned into Ford, GMC, and Stellantis overnight. Honda is next on the chopping block once this merger with Nissan and Mitsubishi happens. I wouldn’t buy any new car but the American consumer likes to put themselves in financial trouble. Let them all Rot on the Lot!

[@johnhinant970]

Built to fail.

[@thenderson5509]

I agree. Im a die hard Toyota guy. Trucks on the lot are piles of shit.

[@dealsfromvirginia1773]

Retired government workers probably buy those 100k trucks.

[@TheCarGuyOnline]

Haha, very true. I have nothing against folks that saved their entire life and have the money, but I still think they are wasting a lot of it with the current prices.

[@joechughtai3155]

You ain’t wrong, my cousin’s husband is retired FBI, and I see him doing exactly that. Along with 3 family trips to Hawaii in 2 years and a bunch of other stuff... It’s crazy.

[@TheCarGuyOnline]

@@joechughtai3155 Yup. I have some financial advisors in my family and the stories I hear are sad. So many folks will save for 30-40 years, retire, then start spending everything they saved at an early age....new $90k trucks, a $125k boat, a $60k RV....trips as you said....then they end up 10 years down the road in a terrible situation. It's astounding how many people lose their discipline later in life even when they are told exactly how it will play out.

[@joelrunyan1608]

Blaming the government workers is exactly what the capitalists want you to do. The only people the capitalists haven't been able to screw? Aren't the problem. It's the bankers and billionaires that are doing this. Not the government

[@ryanm5626]

You make a great point about used cars. I am fully willing to go used over new, but when I look at used cars, they're just barely less than they were new, but now they have 40k miles or more. From experience, brakes and tires are usually due around 60k miles plus other services like oil, transmission, differential, and brake fluid. The warranty is most likely expired. So yeah, you can save 5-10k buying used, but when you have to turn around and spend more on maintenance, it makes the value proposition go away.

[@southpoleelvs]

Find anyone that bought a car in 2021-2022 on a loan and they have a fat negative equity. Car dealers screwed themselves

[@trumpet12345]

It's a real shame they priced themselves so insanely. The new camry is a nice package for not that unfair of price considering the hybrid setup is standard. Value should hold unlike the trucks.

[@PrepperDawg]

I've stopped looking at new trucks. I'm priced out. will keep my old Tacoma and we will get a new small SUV late next year. What brand? No idea yet LOL

[@karter9908]

@@PrepperDawg my old truck, 94 ext cab4x4 yota, now has 330,000 miles, never been in salt or mud. It would take a gun to get it from me. Easy to maintain, insure, etc. My 2017 C8 Z06/z07 is complete OPPOSITE.!!! HI parts cost, hi insurance, expensive tires, etc. Etc. Etc

[@TheCarGuyOnline]

Yeah it seems that it would require a full economic meltdown for things to get "back to normal". The cost of housing/building is absolute insanity as well, at least here in CO.

[@PrepperDawg]

@@karter9908 the yota truck is near indestructible

[@marcodarko6941]

Rav4 or CRv. I'd stay far away from Ford or GM junk.

[@darrelldoty7757]

My wife and I gave up as well. Pricing is just stupid and they refuse to make a deal. Granted the deal we want is about 25-30% off msrp. I will just keep calling the every few months until they are ready to make a fair deal

[@WyattBuckland-hc6vi]

You are spot on .. GM is probably the worst. Their prices are outrageous and their reliability has tanked…. nothing will ever turn around for the consumer until people stop stroking checks for this crap

[@scruffy4647]

As far as extras on a truck, the only thing I want is cruise control and auto dimming rear & side mirrors. What used to be standard equipment is only offered as a package on a lot of new trucks. I like the new Colorado with its 2.7 L turbo max engine. It’ll fit in my garage but not in my wallet.

[@Alloutdrs1]

Your local municipality has to buy these vehicles to for city workers, police vehicles etc .. Thus raising your taxes as well. Even if you don't buy a newer vehicle your going to feel the pain of these prices in some part of your life.

[@TheCarGuyOnline]

100%

[@davidjernigan8161]

In NE Tennessee we still have dealers that are adding $ 3700.00 to the price of vehicles, even Nissans. I don't think they get it.

[@TheCarGuyOnline]

That’s insane, I thought it was bad here only seeing $6k off sticker in some cases :)

[@ryanhall3689]

I agree with your discussion on price gating and where they make all their profit on the higher trims. Then they purposely only make the higher trims and say that's what everyone wants, or they put certain desirable features into the higher trim levels forcing the hands of people to buy it

[@TheCarGuyOnline]

Yeah it's pretty irritating to see. I'm someone that could "handle" a pretty low trim car, but I understand that most people aren't like me. I can handle cloth seats, a bench in front, no heated seat/steering/no power seats, but I most certainly won't pay $50k for the lack of features. I'm happy to see in some parts of the country the base models are falling in price, but the mid to high tier have a LONG way to go.

[@theccwdad]

Unfortunately our area is filled with people who are willing to pay these prices. Tons of new vehicles especially HD trucks. And not base models. Dudes are out here with brand new dually's, King ranch, platinums, it's insane how much support there is for these overpriced vehicles.

[@daryl9799]

If they wanna pay 2500 a month for a truck let them lol 😅

[@FamilyofFour30]

Been hearing about this price correction in new vehicles for a long time. While the days of market adjustments may be over, there are certainly a few price cuts and incentives off of MSRP that I found.

[@TheCarGuyOnline]

Yeah they are starting to show up, some incentives, and some price cuts + incentives but it's very region/brand/model/trim dependent for sure.

[@karter9908]

Dave Ramsey says: " IFVYOU CANT PAY CASH, YOU CANT AFFORD A DEPRICIATING COMMODITY... !!!!!!! Prove him wrong......

[@TheCarGuyOnline]

It sure is a different world for people that own their cars with no payments. Investing is always better than consuming.

[@henrydoan6978]

Do you live by that outdated financial model that he preach? I highly doubt you don't have something financed.

[@TheCarGuyOnline]

@@henrydoan6978 I have a mortgage that is almost paid off, no car loans, no other debt. How about you? Most of my advice is from my life experience, what worked for me and learning from what did not work. There's a chance my advice won't work for you.

[@henrydoan6978]

@@TheCarGuyOnline I have the typical mortgage and car note but to pay for a car or a house outright in cash advise by Dave Ramsey isn't practical.

[@TheCarGuyOnline]

@ I think it is for cars, but he generally talks about paying off the house over time, maybe early, but not cash up front

[@roguedolphin]

So well said! BRAVO!

[@DJR5280]

Glad you went through Interstate Ford. They refuse to heavily discount the Ranger even though some have been sitting on the lot for 6 mos. Meanwhile across town Larry Miller is discounting Rangers by $4 grand

[@TheCarGuyOnline]

Yeah that Ford dealer...I see cars there for months, no idea what the thought process is. I suppose they just sell fewer at a higher margin, but their entire back lot is packed with vehicles. I honestly think the commercial side keeps them going, and they just hold out on the regular consumers.

[@DJR5280]

@TheCarGuyOnline Agreed! They won't budget on the prices of the Rangers. I can't justify paying $46k for a Ranger on top of taxes

[@XPUNKFoCuS]

Good advice at the end. You’re spot on. 🤝

[@marcodarko6941]

You are absolutely right about paying high contractor prices. I have had that exact discussion with mine a couple of months back. And I understand exactly where he is coming from. Young guy too with a new family and he is a good hardworker, he takes cares of us and we'll take care of him.

[@GoodSamLegend]

I typically opt for mid-trim vehicles. With three young children, leather upholstery is essential for me, and mid-tier trims usually come standard with leather seats. I once bought a base model Suburban and spent an extra $1,000 to add leather upholstery afterwards, which I regretted. I saved $1,500 initially, but it wasn't worth compromising on factory leather quality. Even though I earn around $180,000, I still find it difficult to understand how people can afford trucks that cost between $70,000 and $100,000

[@TheCarGuyOnline]

Yeah it's very tough with kids, I'm with you, I think people are just in perpetual negative equity, burying their heads in the sand.

[@omnipi]

“Afford” is the interpretive word there - most people can’t really afford these cars, but they buy them anyway. I have a good income and a cheaper car payment than average and it still drives me crazy how expensive it is as a portion of the budget. Will not be doing this again

[@joelrunyan1608]

Its so strange why / how. Every single automaker at the same time all decided to make nothing but very expensive cars.

[@coldwarkid6611]

38k for a Ford Escape? Got a new Subaru for 10k less with a 2.5 liter motor. Ford is averaging over one recall a week. No thanks.

[@TheCarGuyOnline]

Yeah isn't that crazy?

[@85mackey1]

That Subaru CVT is a pile of junk.

[@coldwarkid6611]

I guess that's why their resale is so high, they're number one on Consumer Reports list and their are tons of old ones in the road. 96% of Subaru vehicles sold in the last 10 years are still on the road today, more than Honda or Toyota brands. [3] Based on Experian Automotive vehicles in operation vs. total new registrations for MY2012-2021. Msybe you're an idiot.🥱🤣@@85mackey1

[@fractalbloom5311]

Really enjoy the videos. Great insight!

[@DannyFyffe]

You ended well with the economic class. We have so many ignorant people regarding economics, civics, Government, and plain common sense are HUGE issues that put us in this ridiculous way. Kia may have a 10 year warranty, but they never honor it so why not make it a 500 year warranty? Cars and trucks have become status symbols. They need to get back to what they are and that is transportation. We have lived the lie for 4+ years now that everything is high and will stay high. That too is a HUGE lie. You keep using the biggest word in the English language. That word is "if". It is NOT if it breaks, it is when. Look at the history of the world. When things skyrocket, they MUST come back down. We have the largest debt in our history and that too is running out of fuel to drive it up. It will have to come down. So we disagree strongly on your use of "if". It MUST all come crashing down one way or another. When is the question we can't answer.

[@TheCarGuyOnline]

You are absolutely correct, it really is just a matter of when. This correction is long overdue, I'm concerned for the working class folks that have not positioned themselves to handle it. Thank you for the comment :)

[@DannyFyffe]

@@TheCarGuyOnline I have sharply criticized you in several videos where I believed it was needed. When you do well, as you did in this video, I must as strongly praise you. You do a service when you try to enlighten the masses and wake them from their slumber of ignorance. I am also pleasantly surprised we do agree on "if" is wrong about the economy is breaking. We agree on it WILL break, but when is the unknowable thing. The world is already in trouble. From Canada, to India, China, the whole of the EU, Britain and so many others are already in recession. We are tied to them in this global fiasco. If we tie 10 cans together and drop the first in the ocean, only the first one goes down first, then the second one by one until the 10th descends into the water. Because of king dollar, we are number 10 and will be the last to fall. Our number is up soon as the others are already in the water. Soon, we will feel that icy water surrounding us. Those unprepared as you said will indeed see trouble and then they will learn very hard lessons. It will bring back good days after the lesson is learned. We gotta go though the bad to get back to the good.

[@fredrubble1151]

Someone has to pay for the Failed EV Car Project required by the Government and it has been pushed to gas and diesel buyers.

[@dvader3263]

😂 Tesla sold 1.8 million EVs at a profit in 2023. That far more than twice as many EVs as Ford sold in gasoline F150s. Keep dreaming. Stop listening to to Faux news.

[@marcodarko6941]

🎯 🎯 🎯

[@Skiddmarkkyourface]

I got my new 23' f250 in 2023 for 42k (current generation) It had hail damage, and i traded in a 2017 tahoe with huge motor problems. 25k off purchase price. Never looked back, and will never get that deal again. BUT 67k and cloth seats is crazy

[@Cylon333]

I guess the only one who works Hard in those dealerships nowadays is the porter who have to move all this huge inventory and keep their batteries charged 😂

[@jwg9338]

80k for a fleet line F250 with taxes up here in Canada. Told them to call me when they're willing to sell at half of that. The tooling and the infrastructure was paid off with all the money they made in '21-'22.

[@ArchangelMLM]

Great video, thank you for your honest and straight forward videos.

[@terrymarshall5480]

Junk junk junk...they will not go 100k junk.....how much ... forget it..the old old one still works.runs great.

[@falconinflight6235]

Madness absolutely madness ___

[@Patriot-dt3wk]

Until the prices come back 25-30% and the quality improves nothing matters. The dealers will probably get a bailout.

[@oceanchaser]

The trucks are way to big most people do not need a beast of a truck not really not everyone is a contractor . Try to park it in a crowded parking lot . Over priced junk that will not last.

[@mostlypeacefulmisterputin]

*They park themselves*

[@dvader3263]

Many contractors don't even need full size trucks, unless they're towing a piece of heavy equipment or large trailers. The full size trucks are nice for carrying family, multiple children's car seats and tall teenagers. A midsized truck works for many people. For some, it doesn't.

[@Urban-Explorer365]

Thanks for the video! It reminded me of a book I recently read called The "Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future" by Kevin Kelly. The book explores 12 forces driving the future of technology and society. One of these forces, "Accessing," which represents the shift to subscription-based platforms like Netflix. As you mentioned, this shift from owning to accessing can be more costly for consumers, especially those who aren't paying close attention!

[@TheCarGuyOnline]

Sounds like a book I would be interested in, I'm going to check it out. Thank you for sharing :).

[@mentelatl]

I used to live in Colorado, and one thing I always noticed was the price of trucks. I felt that truck manufacturers didn’t prioritize keeping prices low in that area, likely because of the demand driven by camping, outdoor lifestyles vs. work-related needs.

[@censoredeveryday3320]

Colorado is expensive for everything

[@TheCarGuyOnline]

Yeah it used to be a fun place to live but the taxes and cost of living are through the roof now, pretty sad.

[@GregBenson-m5b]

The problem for some who needs a truck is that the used ones are just as expensive if you look at total cost of ownership. There is a 2017 silverado 2500 with 293k miles for sale in my area for $14k. My guess is that you'll maybe get a year or two out of it and be out the money($7k year cost of ownership without a loan). If you buy new for $60k, keep it 3-4yrs, trade in will be $35-40k with low-med miles so even with loan interest your cost of ownership is $7-9k. Almost the same depending on vehicle you choose. I would love to go back to driving used trucks but the days of $2k-$5k trucks that run well are over, at least in my area.

[@TheCarGuyOnline]

The 2500s are higher cost right now for sure, I think they will balance out this year...lets hope. I see some for sale around 12k-14k with 170k miles, might be configured differently though. Also, if you factor in the cost of depreciation on a new truck, higher insurance cost, higher registration cost (states like CO), I think it's probably still quite a bit more expensive to buy new unless you are writing off depreciation in taxes....if you are going that route then new might be the way to go on 2500s.

[@kenrodriguez2128]

All i ever see on videos from the car guys are about the car industry is broken. Cars arent selling, over stocked, prices are about to drop dramatically.... But havent seen any difference. I hope one day they are right! Because prices are insane...

[@TheCarGuyOnline]

I am seeing a big difference, in some brands, but not all. I just bought a new vehicle because I got about $10,000 off MSRP, which a year or two ago they would have laughed me out of the dealer. I agree though, it's definitely not all brands/models, but it is changing.

[@southpoleelvs]

I’ve been waiting for a HMC 2500 for years. There’s absolutely no way I’ll pay 60k +. They can piss off

[@LTX-Shep]

Great video with a lot of "Dad Wisdom" included.

[@southpoleelvs]

I bought a 2018 tundra and I have zero complaints. No car payment either

[@TheCarGuyOnline]

such an awesome truck that 2nd gen.

[@fulltang1]

What states would you recommend looking for a new mid size truck if I'm willing to travel to get it?

[@TheCarGuyOnline]

I found the best search tool to be cars.com, it's easy to narrow down some dealers and locations, then just look at the dealer ratings. I would first email them, confirm price is actually what they claim, then move forward from there. Deals are finally starting to show up, they are just sporadic and not in every region.

[@slomotrainwreck]

Early days still, we still don't really know how the manufacturers will 'incentivize' the dealerships to 'playball' yet, is it going to be the 'carrot' or is it going to be the 'stick'?

[@SamkoTradBow]

another great video

[@SidLee-r5f]

i have a 1975 silverado with 750k miles and planning to spend 50k to have it completely rebuilt, that is still cheaper than spending 75k to 90k for a new truck

[@TheCarGuyOnline]

That's some crazy mileage....and even more crazy price for a rebuild :).

[@SidLee-r5f]

@@TheCarGuyOnline bought it new back in 1975 for 4k, had four engine replace, 6 transmission, 3 rear axle assembly, brakes been replace at lease 15 times, now a totally rebuilt from ground up, the shop said they can do it around 50k

[@marieleona79]

It's the same here in California.

[@yardboy3955]

Trucks are out of the question for me, trucks used to be a good valve for your money. My max budget is $40k out the door and thats a lot of money still. I can get a Toyota Camry hybrid. Those trucks are gonna sit a long time.

[@TheCarGuyOnline]

I have been looking at those Camry hybrids too, my daughter has a 2018 LE non-hybrid and I love the way it drives, how quiet it is.

[@isaacsplumbing]

Well said,Sir. 🙏

[@ryanhall3689]

Im bummed as ive been looking into a lower milage 5th gen 4runner or 2nd gen sequoia. Leaning towards sequoia and the prices are ridiculous for high milage ones. Been holding off near a year now to see where prices go as i dont have to buy now

[@TheCarGuyOnline]

ME TOO! I have an old 2008 2nd Gen Sequoia with 234k on it now. I was trying to find one recently with...less mileage, maybe a 2016 or newer, I could not believe how much they cost. I'll probably just wait a bit longer as the 2nd Gen Tundra/Sequoia and 5th Gen Runners are way too inflated IMO.

[@sootlifejew]

You can get a 5th gen 4runner with 100k miles for mid $20K. Better buy now before people get the 6th gen, realize it's a pos and go back to a 5th gen.

[@evancontos2267]

Solid advice at the end 🤑

[@lawdog516]

Great financial advice, thanks

[@ralphcantrell3214]

I’m still waiting for the first American car company that realizes the working people want affordable cars, not pimp wagons with $40K in luxury add-ons.

[@drg424]

That's a f100 ford at the time with a straight RELIABLE six cylinder.

[@rodjones812]

In my 60+ years I’ve NEVER seen new auto prices come down in price.

[@TheCarGuyOnline]

It would really take a financial collapse/reset to correct things to wages. We'll see if that happens. The prices have dropped a bit on new vehicles lately, but really only in Q4 of 2024, and this is really just a reaction to the much overinflated prices in the first place, so it's not really a "drop" if you look at historical norms.

[@1LIFE2ROCK24]

Your purchase is your vote, auto pricing follows what consumers allow

[@ryanhall3689]

I understand you're trying to equate the price of materials to the cost of these vehicles and that has some bearing. But you know as well as I do following your channel the last generation versus new generation TRD pro is a $15,000 difference. Between that and COVID with market adjustment prices these companies and dealerships know they'll find a sucker to pay these high prices. Coven made it easy to warm people up to these price increases and they want to make them the status quo

[@TheCarGuyOnline]

I agree the "boutique" trims in vehicles have had a massive jump, that's part of their game too, when they price the TRD Pro that much higher, the SR5 ONLY jumping $5k or whatever it does, seems very fair in comparison. I do think we are finally starting to see lower trims drop to very reasonable levels in some parts of the country, but definitely not all (as seen in the video). I'm just hoping the trend continues, if it does, 2025 should be a buyers market to a certain extent.

[@rustytucker2499]

I’m amazed it hasn’t crashed yet!

[@nokianx400]

Prices are jacked up.. they are costing like mortgage now... who is going to buy them ?

[@tcdavis66]

Don’t overlook Durand is often a 3.0 liter

[@davidjernigan8161]

With stellantis cutting prices on Ram and Jeep we'll see how that changes prices with other manufacturers.

[@TheCarGuyOnline]

Let’s hope quality doesn’t drop too far with the cuts … though I’m not sure how it won’t.

[@tdel8613]

Stellantis was leading the prices of new vehicles. Their price cut is going to put them at the same as the rest of the market lol.

[@jonny5159]

I don’t understand how people afford this stuff. As usual though, things are worth what people are willing to pay for them. Kind of reminds me of the real estate crash in 2008.

[@TheCarGuyOnline]

Yeah it feels like it is long overdue, I guess we'll see what happens. The housing market is "due" again too.

[@marcodarko6941]

The insurance cost alone for anything is through the roof. I will never own anything less than 5 years old anymore.

[@tacosportsareawesome]

Truth in the end of the video …❤

[@SPBTooL]

The majority of people shop for comfort features and aesthetics while buying based on monthly payments.

[@TheCarGuyOnline]

100%

[@mostlypeacefulmisterputin]

*I just seen a nice, solid 1970 Chevy C10 pickup with a 6.0 from a 2012 Suburban in it for $10,500 I’d put my money on that before any of this new garbage*

[@Incognito-fe8cw]

I am a whatever, whoever person who fortunaty can buy a new vehicle but can not bring myself to pay such ridiculously insane prices for something that has questionable quality !

[@TheCarGuyOnline]

Agree 100%

[@appleiphone69]

It’s gauging not gaging. Gauging is defined as charging exorbitant prices during high demand after a disaster e.g food, water, fuel, medicine, chain saws after a hurricane.

[@karter9908]

"GOUGING".......

[@tom9188]

Want to stop ridiculous greed prices? Stop buying things, they aren't bringing prices down until people stop buying.

[@Galahad993]

How many channels are gonna upload this same video? I swear I see this same exact video, some dude walking around a car lot, showing off the crazy prices, at least once every other day. We get it.

[@itruck96]

Their other channel is walking around neighborhoods they can't afford hating on a earner. There, I said it.

[@OnlyMeee-ie3dw]

Car prices will be another example of "the new normal" that will fail. The manufactures can't lower the price very much because it will destroy the loan and used car market. If they lower the price for a new car, all the people who have the previous year will be upside down overnight.

[@TheCarGuyOnline]

Yeah it feels very similar to the housing market. Folks bought houses at 2-4% interest rates for years, paid 700k + for homes that aren't worth it, and now everything is stuck in limbo. If prices fall, they all get hurt/can't sell etc....it's quite the pickle.

[@johng.4959]

Those glamorous trucks are being purchased for status and not work. And yes, the rich are getting richer.

[@TwinTurboToyota]

You keep saying “all this printed money” where is it and coming from where?

[@miketindol1679]

Vehicles have become like appliances. More high tech, better performance but not as reliable and too expensive to repair.

[@rickmcmhan2296]

During the pandemic dealership prices skyrocket and now they like the high inflation prices and if anyone buys a high price vehicle it's crazy just wait until 2026 and hopefully dealerships will cut prices and beg citizens to buy

[@n0xxm3rcyxx]

Still waiting for it to crash............. Been waiting for 4 years now.......... All you youtubers keep saying its gunna happen for 4 years.... Eventually you will be right I guess

[@TheCarGuyOnline]

Like they say, even a broken clock is right twice a day. In seriousness, it is hard to predict but it is long overdue, and not just the car market. It feels like 2008, but in multiple different sectors of the economy. Housing is just as messed up as cars, if not worse.

[@marcodarko6941]

Everything is rigged and propped up, fudged numbers.. you'll see soon enough!

[@COUNTSLURPULA]

I wouldn't purchase a vehicle newer than 2010. Why??? Because after 2010, every single manufacturer produced gigantic pieces of CRAP!!!

[@Hytcso7]

Sell me plain brand new truck 4x4 bench seat vinyl floor mats simple stereo , roll up windows, I will buy one but dealer don’t sell them. Let’s go back to the 70’s simple trucks affordable!!!!!! Truck are just full of stuff that cost too much money.

[@carloshdz861]

Thank you brother, we have to consider before to buy anything, do we really need all what they offer to us, sadly people don’t want realize, just they buy things to show they can afford everything, poor mentality at the end.

[@teardowndan5364]

Car manufacturers blew up their design and manufacturing costs packing new vehicles with a bunch of superfluous features to justify inflated post-COVID price tags, now they are running out of buyers willing or able to pay for all of that non-essential stuff. I don't need a $200 app-controlled actuator connected to a $2000 computer module and a $1500 display module with 50' of wiring to move air vents. I'm perfectly fine with a practically weightless dumb $1 plastic trim piece that snaps into the air ducts that I can turn and tilt to send air wherever I need it.

[@dvader3263]

That big low function center dash display in vehicles costs manufacturers maybe 50 dollars. A high functioning battery operated wireless tablet computer can be purchased for $200, more or less. They require no maintenance. High technology that is mass produced is cheap to manufacture. All of the technology in new vehicles isn't making them expensive. Dealer greed made them expensive. The greedy vehicle companies saw what the dealers were earning with add-ons and mark-ups, so they raised the MSRPs to crazy highs.

[@teardowndan5364]

@@dvader3263 $50 would be at best the bare LCD. Add the touch screen, screen protector, PCB, housing, mounting hardware all in ruggedized automotive-grade components, the R&D effort to put the hardware and software together, enough headroom to cover in-warranty failures, support costs, etc., the bill goes up a fair amount vs similar throw-away tier Chinese tablets and phones. I was being a little hyperbolic with $1500 but the total amortized cost can certainly exceed $500 per unit due to these things being relatively low volume.

[@LostBravesFan]

There won't be a Crash in the market. Everyone has been saying this for 2 years now. They got to pay the auto workers more money and also add more technology to cost more.

[@fftb8442]

Auto information and life recommendations..you got yourself a subscriber for life sir!

[@TheCarGuyOnline]

Awesome, thank you!

[@birdlegs846]

That's funny that you brought up the streaming networks and everyone being in our wallet. I was just complaing today about all the NFL games being aired on the NFL channel today. I dont have the NFL channel, so Im not watching football today. F them I refuse to pay more $ for 1 certain streaming channel or upgrade my cable packeage to watch any 1 channel a couple times a year. I just looked at 24 canyon at4 discounted $4000 but it was still $49,000. No way, it still would of been over $50,000 out the door, Ill keep my 17 Colorado. OMG!

[@standingbear998]

what do ya think would happen when they found out people would pay well over a 100k for vehicle? who is the blame?

[@foshobmx]

Wow I didn’t realize some Colorados going for real low 30s. I bought a new 2024 Ford Maverick hybrid 6mo ago in TX for 26.5k 29k OTD didn’t realize I could’ve had a Colorado for only a little more.

[@namtran512]

24 Trailbosses that come speced out are being moved for cheap.

[@johnmackey3937]

Corporations will get bailed out, not by the government, by the taxpayers, again . They can afford not to sell and let them go to auction, all a write off.

[@user-ym3qh5fw5g]

Let the Chinese cars come in, and you'll see how this price drops like crazy.

[@Jaredius]

Y’all been claiming auto market crashes every month for two years lmao. I’m unsubscribing to every channel that says this. Good luck!