The Car Market Is In FINANCIAL RUIN

[@ericerickson592]

Zero sympathy for these big dealerships. They spent the last couple of years marking up cars like crazy.

[@my-yt-inputs2580]

Part of me agree with this however I also feel the consumers are partly to blame as well. But that I mean those who chose to OVERPAY for new vehicles to begin with. So with that mindset why would a dealer sell at a lower price when there are/were plenty of consumers who willingly paid those higher prices? For comparison look at the current rental market as well as the home market!!!

[@crtmojo2705]

Capitalism gave them the freedom to raise prices. Capitalism gives us the freedom to watch them go bankrupt. Corruption provides bailouts.

[@carlthornton3076]

@@crtmojo2705 Amen!

[@krwd]

yes they did the car companies should have threatened to do direct to consumer. the prices the dealers want is not even close to what it cost to make and resale its ok to make a profit but lets not bankrupt the buyer

[@MiteshDamania]

The dorks had plenty of time to sell their vehicles

[@Osirus1960]

I have no mercy... zip-zero-none. I remember all those market adjustment stickers and now its payback time.

[@glennbeadshaw727]

Why would even care about market adjustment I would just look at the sticker and walk out and of story

[@BillyBobDingledorf]

How about those dealers that didn't have market adjustments? They're dying now too.

[@x0xCRUSHERx0x]

​@glennbeadshaw727 tell them what you will pay and to call you when they're ready to make the sale. The ball is in our court now!

[@AlahuSnackbar]

Good

[@Reptitude]

Now there should be a market adjustment of -10k to -30k.

[@oneiros1401]

I drive a 2006 Toyota, before rate hikes I was ready to buy a brand new car, now I sunk $1,500 into it to repair, and decided will continue driving it, as I don't have anybody to impress and it runs great.

[@AJourneyOfYourSoul]

I did the same thing with my f150. Was going to buy a new truck during Covid, but the markups were crazy, so I will just keep fixing my old truck.

[@AshleySpeaks4U]

WHY would you even THINK of replacing it??? Old Toyotas are gold...

[@sebastienbolduc5654]

Have a 2011 Matrix. Pissed $8k in it last year. Rebuilt the entire suspension, as well as other repairs and maintenance. 80k miles on it cuz it use to be my father's vehicle. He was elderly and didn't use it much. I will drive it for another ten years if possible. As long as the engine and trans is working, and it's not rusting, you can always repair it. I doubt I can get another ten years from it but I'll try. Buying a car, even used, is ridiculously expensive now.

[@redhed9776]

impressing anyone should be at the bottom of the list. point A to point B as inexpensively as possible is the goal.

[@dave3657]

Doing the same. 👍🏻

[@AdamVest]

Jeep enthusiast here saying they have ruined and obliterated the brand. New jeeps are garbage with a $75,000 window sticker now.

[@elycraig2802]

They shut down the factory laid everyone off R.I.P Jeep Wrangler

[@fishingbob8374]

Yup. And the guys buying them now are all gay weirdos.

[@mxk6104]

They want $2,000 for an 8,000 lb winch

[@mattmaxon7783]

watching Matt's off road recovery & Trailmater Off road recovery, it seems the new Jeeps are not rugged enough for off road use w/o extensive and expensive modifications and upgrades

[@cch201992]

They had a Rubicon 4xe listed for 45k....👀 Not 75k

[@ExecuteBrandon]

Big 3 American car companies have been doing nothing, but restructuring and getting bailed out for the last 40 years! Any new direction would be a welcome one!

[@jaygray825]

The saddest part is that the bailouts are on the backs of the same exact people they have been attempting to take advantage of. Time after time they show their gratitude by overcharging us for lesser quality and planned obsolescence

[@Bruce92938]

average price for a ford suv is like 40k while the cheapest mercedes is 43k. Who does ford think they are. They makes their shitboxes in Mexico/Canada and take away american jobs to make cars cheaper but they only got less reliable and even more overprice. Makes no sense

[@leos3003]

They're not restructuring, they're just pushing debt from left to right and back the other way in a couple of years. Nothing lasts forever, especially when interests aren't falling. It's the end game, they're just a little stubborn about it. Everyone of them is going bankrupt and the banks liquidate at 50%.

[@joshmanvswild]

Ford never got bailed out

[@tdkz72]

@@joshmanvswild Very good point!

[@jeannankeefe845]

I would pay $50,000 for a FULLY loaded pick-up truck, but I will not buy a truck that is up to $100,000. Absolutely ridiculous.

[@vlad1889]

I mean, it's a luxury truck. A fully loaded camry is 40k these days. 50k seems unrealistic for a fully loaded truck. Ford platinum was in the 70s range way before covid.

[@Degarth]

​@vlad1889 it doesn't matter if the consumer is rational or not. If the consumer won't buy, for rational or irrational reasons the producer/seller has a problem.

[@danbooher5843]

I aibnt buying sit, if I can't get to work I will just stay home.😂

[@bobert866]

@@vlad1889Durp.

[@zeppelinmexicano]

It's not about the 50k reduction, it's whether you can afford it or not, and that includes the coming recession/depression where you could lose your job. The whole reason for the coming rate drop is because of the labor market. You have to be recession proof, layoff proof. If so, yeh, 50k is a good price. And it may hit that price next year. We're going for a hell of a ride soon.

[@KNIGHTOFELEMIA-i7i]

Carflation is finally happening ask stupid prices for a vehicle get piss poor build quality.

[@daveplem]

I just spent $4100 to repair my 389,000 mile Toyota Highlander… because I REFUSE to buy a new car, and I can afford one. I’ll treat it like an old boat or airplane. I keep replacing parts until it’s all eventually new.

[@chadfield376]

I have an ‘05 Highlander with 180k mi, fixing to do valve cover gaskets, plugs, PCV valve, timing belt, and water pump for maintenance peace of mind; car is a running beast😊

[@donpeace894]

Shtoopid

[@daveplem]

@@chadfield376 The ‘05-‘07 Highlanders with the “Limited” trim are secretly the most unkillable vehicles ever made. I treat mine like a crack whore, and it just goes and goes and goes. But don’t tell!!! If word gets out, I won’t be able to buy good ones for $3000-$4000 anymore!

[@jkpanda7]

Well done! 👏🏻

[@JasonON]

I just spent $4k to keep my 97 Tahoe going because, fuck these stealerahips.

[@oldcars46]

This is what happens when business get greedy. Instead of selling cheaper vehicles in volume they put emphasis on overpriced vehicles that nobody can get finance or even buy.

[@elliott3991]

and too much under water from the overpriced car they bought in 2021, so now they cant trade in due to the gap

[@gerbearjones6056]

Totally agree. It was total greed ... maybe they should have been better business owners and put that stolen cash away for a rainy day lol😂

[@janvincent497]

well that's not greed then. if they can't sell them and no money is coming in that is stupidity. It's not greed when you make no money and go bankrupt hahaha.

[@bobert866]

Thing is, those cheaper vehicles were built better as well.

[@noway7555]

Whats crazy is they have smaller cheaper models but they only sell them in other countries because they thought theyt could just screw the American consumer. Nope. We are not having it.

[@victorsong8416]

This is by DESIGN. They couldn't be that stupid. In case you haven't noticed, the WHOLE Western economy is slowly unraveling. The more I see, the deeper I dig, the more it becomes visible, that it is by malevolent DESIGN.

[@turbotheamericanstaffy]

Agenda 2030. Cashless society/digital currency, smart cities, no more beef, pork or chicken, social credit score, universal basic income, global uniparty. You will own nothing and be happy

[@duridersa]

Agree. I feel like they want that bailout

[@2_Bike_is_Life]

There was a time not long ago where a percentage of buyers would walk in with cash. Not only are people needing to finance more, but for longer terms. THANK YOU Fed/Central Banks !

[@gb342002]

TRUMP 2024.

[@ericelander9936]

You are correct. It's all by design. Wait until you start getting taxed 25% on unrealized gains on everything you own.

[@southerncali88]

So irritated with car dealers. I finally found a good deal on an affordable Honda accord and they ruined it by sending me 10+ spam emails and calling and texting me from different numbers. I don’t even want to step foot in a dealership and deal with these 20 year old kids trying to finance me at 7% APR. A slap in the face to someone with zero revolving debt and 820 credit. I can’t wait for dealerships to be gone.

[@dave3657]

Try CarMax, they treat me right.

[@PackBjammin]

7% car loan with 800+ credit isn't too far off right now.

[@stephencarbajal5657]

Your personal data is worth more than gold now a days. Do what you can to protect yourself.

[@maxcodyshadow]

​@@PackBjamminhave you looked at rates across the board? Unless there is a factory supported rate that's the norm there might be a small move but not 3-5%

[@robzienert7492]

Used Teslas are pretty cheap and you don't have to keep feeding it gas. Just a suggestion...

[@zoftigbeatnik]

I bought a beater to get me from point A to B. Don't care about status symbol. I don't have a car payment and will drive it till the wheels fall off.

[@PackBjammin]

Similar to the population crash from the younger generations not having as many children, what will people do when there aren't decent used cars to buy? Cuba has your answer. Socialism is socialism.

[@scottthomas8171]

@@PackBjammin Truth. We have to consume to maintain our society.

[@peterdevreter]

Have an old 2004 myself, just put 300$ on suspension parts in it and a new timing chain last year. Still no rust issues and no oil consumption and it's mine without any payments left.

[@utpharmboy2006]

good idea as long as they don't fall off on the interstate

[@aaronburdon221]

@@utpharmboy2006 I remember my brakes gave out on the interstate. Scariest moment of my life. Thank god I was close to an exit and traffic was minimal (it was night time). I managed to get it slowed down by weaving and burning off some speed and then a 10-15 MPH controlled crash into a concrete parking bump and then immediately after slamming it into park. Pretty sure my tranny didn't like that very much but it's better than completely destroying the car. Then I had to sit for 20 minutes and let the adrenaline burn itself out in my veins before I called my dad to come and get me so I could call a tow truck the next day. lol

[@lovepackards851]

I noticed all the older cars/trucks on my garage's lot while I was in for a safety inspection last week. I asked the secretary "is the boss turning the place into a used car lot" (just as a joke.) She told me that they were taken all off the road (failed inspection,) waiting for parts so they could be fixed. She said that 3,4,5 years ago their customers would have simply bought a NEW car/truck, but now NO ONE can afford to buy new, so they have to get the old clunkers fixed.

[@jeffreymckie3328]

If you really need a truck you don’t need it fully loaded you need it capable.

[@mp4-27d3]

This entire situation feels like a scam. None of this makes sense. They’re building so-called “luxury” cars that nobody asked for, while pricing out the majority of potential customers. How do you make money like that? Why it seems like a scam to me is the car companies aren’t even fazed by what’s going on…why not? They are literally running their industry into the ground. I don’t understand.

[@Lunch_Lady_Doris]

They're not selling cars, they're selling loans. Luxury packages are seldom worth it. Most features can be purchased after market for significantly less.

[@jaygray825]

My best guess is that it’s sorta like the people on welfare (bailouts). If they can’t do really good (profit) they would rather do really bad (get bailouts). We(taxpayers) have to deal with the consequences of their actions. If we won’t let them take our money by providing us POS vehicles, they will just take our money that we are forced to give Uncle Sam

[@duancoviero9759]

You are absolutely right, a lot of companies right now make their real money through financial engineering not actual Business operations. Whatever it is they are doing it's not obvious to us average joes. But it's crazy , who were they intending to sell these vehicles to???

[@The_Real_Indiana_Joe]

Probably part of their big Satanic plan to screw up the world.

[@kevinwest7912]

They are unfazed because they will be bailed out by another corporation called "The United States of America Inc." which is telling them to build EVs and not to worry. The people will just have to do what WE SAY!

[@jimhackney2166]

This just goes to show how far out of step C-suite executives are with their customer base. People have been being laid off left and right over the past 18 months and these clowns think everyone can afford to spend $90k on a truck. Not even a frigging BMW or Mercedes but a truck! I hope they all go bankrupt and have to fold. Others will step up to the plate and make a better, cheaper product that consumers actually want to buy.

[@x0xCRUSHERx0x]

Hyundai is on track to being the biggest powerhouse the world over!

[@16B9]

Yeah and the UAW just got a bunch of raises in this down market. Like, how much skill does it take to hang a door on a car? They are way overpaid as it is. And they wonder why Mexico is getting all their work. Go on strike again UAW, LOL!!!!!

[@jonslagill8864]

their trucks are not really TRUCKS. They are luxury cars made into trucks. They have all the bells and whistles of a cady or lincoln.

[@BBL_Drizzy91]

​@16B9 Stellantis uses less than 8% of their revenue to pay employees just an FYI.

[@AshleySpeaks4U]

American auto companies need bailing out because they cheaped out, while Toyota and Honda went dependable quality. They couldn't compete. Notice he is only showing American brands. Toyota is probably still fine. 😂

[@Starscreamf15]

This may be a trivial thing here, but I think part of why RAMs aren't selling is they've deleted the dip stick so you can no longer check your oil yourself. They've done away with transmission dipsticks and now oil dipsticks. These car manufacturers are becoming dictators with their product and removing your right to repair and it seems no one's paying attention to this. You pay 100k for a truck that's been designed in such a way that you can't work on it. And the companies are making it where even small repair shops can't access the software needed to fix these vehicles, only certified dealerships are allowed to work on them more and more. These money grubbers are basically refusing to give you full ownership of the product you buy from them just so they can squeeze as much future profit as possible with repairs and maintenance. Who in their right mind would willingly 'buy' a vehicle they can't even check the oil on? If I'm going to pay any amount of money for a vehicle I demand the right to work on what is MY PROPERTY once I pay it off. Mopar is being destroyed, Chrysler's grandson is right. You're nuts to buy a new Dodge anything IMO.

[@vicariousjohnson9823]

WTF? No dipstick?

[@Mark-si2hf]

Now the computer checks the system and gives you warning light with the low fluid. It has been implemented over 10-15 years ago. My 2009 BMW has no dipstick!

[@vicariousjohnson9823]

@@Mark-si2hf I’m aware of computers and lights. My wife’s 2004 Odyssey has the same system. It’s wrong 75% of the time when I check with the dipstick.

[@Starscreamf15]

@@vicariousjohnson9823 yup no dipsticks now. Sensors are (in theory) maintaining proper oil levels, well supposedly but this has already been proven inadequate. The ECM now tells you if you need to add oil and no idea how an electronic sensor is supposed to tell you if the oils condition is degrading or not. There's been cases where the sensors are saying the oil is at proper levels when in all actuality it's at least a quart low. Google around about it and I think there's info here on KZbin about it too. It's freaking rediculous. I refuse to ever own a vehicle that I can not at the very least check it's fluids and change them.

[@Starscreamf15]

@@Mark-si2hf yea but at least with American auto companies the physical dipstick was still there, now at least with RAM it's not. No freaking way will I ever own a vehicle like that.

[@ChevySS1968]

Let the free market do its thing. STOP BUYING THESE VEHICLES!! Bankrupt these companies and make them regroup; with more realistic wages, more robots, better quality and lower prices.

[@christianvidal1088]

What's a realistic wage in your opinion?

[@cyberpunkalphamale]

@@christianvidal1088 slave labor

[@jakes8091]

@@christianvidal1088 If I were king for a day, I'd limit CEO pay to somewhere around 1 million and then use the remainder of the profits pay the rest of the workforce on a graduated scale based on experience. No CEO pay should be 300 times the pay of the workers who are actually creating the value. It's absolutely out of control.

[@duancoviero9759]

THERE IS NO SUCH THING AS A FREE MARKET IN AMERICA. If there was, all these companies would have been out of business a long time ago.

[@unclemonster48]

Too big to fail pass it to the tax payer

[@orman2222]

I have no clue how any average American can afford an $80k pick up truck or Dodge Challenger. Making my $1400 monthly mortage payment is a struggle in itself.

[@wolfpackflt670]

That's the thing, THEY CAN'T.

[@Hippiemechanic]

They can’t and shiiiiit 1400 sounds like you bought before things went crazy I know plenty of people with 2500+ mortgage alone

[@joshstepp4845]

I'm jealous of your mortgage payment.

[@mateuszmaliszewski1698]

Down here in Miami it’s 4k minimum for a mortgage

[@testickles8834]

Wtf did you buy? My mortgage on the house, barns, and garage on 9 acres is only 700

[@sentiencepsn2714]

Good. After all the market adjustment nonsense from a few years ago, they can reap what they sow.

[@richdiana3663]

Hyperinflation is a $120 K pickup. Completely insane. 😮

[@richarddixon6352]

Bidenflation 😢

[@everss02]

take car of your cars people, drain and fill trans and coolant yearly, if down south along with frequent oil changes it will last forever

[@kevinwest7912]

Unless it's a Ford or Nissan.

[@speeddemon0712]

I work for Honda, they recommend doing the brake fluid and transmission fluid every 3 years or 30k miles. Coolant every 5 years or 60k miles. Customers that actually maintain their vehicles per American Honda standards are almost never in for repairs. Those that have only done the transmission fluid once in 100k miles, well you're in for a surprise.

[@RicVee1]

People must be buying as i have seen these videos of lots for the last 2 years and the dealerships are all still there, lights on, employees showing up.. until they actually close then i might believe it. People are spending big time, where they get the money i have no idea, but i see peopel in these new cars every day.

[@ShimmySha]

It’s called credit

[@1960brookwood]

Toyota and Honda dealers have a 5-6 month waiting list to buy their hybrids @ list price and above.

[@ddoublesin]

all these youtubers talk about auto dealers going under and financial ruin, but i don't see it either. They've been telling me for two years to wait to buy a car.

[@jadesumsion]

I’ve been waiting too. Not seeing the prices drop like I was hoping for. I can’t do $80k for a truck.

[@RicVee1]

@@ShimmySha and yet repos are through the roof as people dont pay thier car payments so...

[@thomobrien1854]

Chrysler in 1979 had fields full of unsold 78-79 Cordoba’s, Lebarons, Aspen/Volares, New Yorker/Newports … the Government eventually gave them loans to keep going but I remember seeing new 79 Cordoba coupes on lots up until 1981 and beyond … history repeats itself!

[@CHunt-cz1ek]

But, but, what about the rich Corinthian leather @Ricardo Montalbán told us about?

[@JBM425]

@@thomobrien1854 Don’t forget that the Army also gave Chrysler a sweet contract to produce the M-1 tank. That helped bail out the company, and then Chrysler sold the Tank Division to General Dynamics, putting even more in the bank. So, look for similar “side deals” with automakers as a way to prop them up in addition to direct assistance. “Cash For Clunkers Part 2,” anyone? 🙄

[@Daveunruh]

Us mechanics aren’t getting any work either. There’s shops selling and going out of business at an alarming rate.

[@irvulture8662]

Back in 2006, I was able to go on the Toyota manufacturers website, configure the color and options I wanted on my Corolla and have it shipped to a dealer near me, Now, If I try to do that, I can't get the color I want with the options I want on the vehicle I want. You can only get the color you want if you buy one of the more expensive trim levels, especially on the Tacoma!... Oh, You want a manual transmission? No, You can't get that in the cheaper model Corolla hatchback, but you CAN get it in the 3 cyl. turbo GR Corolla for the low low price of just $40,000 Dollars! I'm currently looking for the older used models that still had that option available...

[@Rusty5000]

Well oldsmobile, mercury, and pontiac were part of American history. If I remember when olds closed at the time it was one of the oldest car brands. So if chrysler goes seems like it's only inevitable

[@northernlefty5412]

2015 f150. Paid off, runs great. No way id ever sell it. Same truck is 90 grand cad now. Prices and market are unsustainable. Greed destroying the world.

[@bogey19018]

I dont see anywhere these prices are coming down, if anything they are going up.

[@Mrbfgray]

Regardless of what you can "see" the inevitability is big price cuts.

[@bogey19018]

@@Mrbfgray When? In 18 a certain truck was about 40k now its close to 70k. And I need a truck in the worst way, but they can go fk themselves.

[@brettpenrod]

I have been looking and not seeing any prices going down

[@bogey19018]

@@brettpenrod And you wont. .gov will pay their interest fees and whatnot.

[@Mrbfgray]

@@bogey19018 Adjusting for inflation, 70 today is 55 in 18. But why the hell would U buy NEW??

[@MSJChem]

Has everyone forgotten that these car companies were already bailed out in 2008 to the tune of $17B?

[@williamrose7184]

Not Ford…

[@JBM425]

When the UAW talks, the politicians listen. That’s how the first “Cash For Clunkers” came about, and how it may happen a second time.

[@bryanspayde5681]

I watched a dude pay 50 k for a charger 3 years ago. With 90 k miles on it. Wtf ..

[@KM-os4be]

Ouch!

[@imperialkhmer6146]

What model and year was it? V6 or V8? I know someone who bought a 2013 dodge charger for 15k close to 200k miles. 😂

[@BigDawg408]

People’s who do that are broke and have bad credit that crazy

[@tHebUm18]

More than I paid for my brand new Tesla Model 3 three years ago that probably has a better 0-60 among other things than a Charger; odometer had 15 miles on it when I got it, 10 of which was delivering it to me at home instead of the service center.

[@x0xCRUSHERx0x]

​@BigDawg408 thats the section 8 welfare warrior move! 😏

[@carbo2950]

Called the jeep dealer to get a price. 675.00 to change front and rear diff fluid plus transaxle ATF. Rear diff oil at parts store is 62.00 a quart! Insane!

[@richardfolden3860]

Oh man! I didn’t even think about needing to do that! Do you have any idea how often I need to change it on my Tesla?

[@kmonto1971]

@@richardfolden3860 It's every 24k miles for the blinker fluid. My wife's Ioniq5 goes through that stuff like crazy.

[@EmmyPierz-ek7hi]

@@richardfolden3860richard NEEDS TO BE folded. CB

[@danbooher5843]

Ur going outta business too. We have no sympathy. 😅

[@richardfolden3860]

@@EmmyPierz-ek7hi lol! So. Much. Dissonance. 😅😅👍🏾👍🏾🫡🫡

[@autoimmunitycurse]

If they only offer me 10% of KBB, but want 100k for a 50k vehicle, hell no.

[@cranebrain2]

Speaking of quality. People do not maintain their cars like they're supposed to. Money is getting tight and instead of getting an oil change they just add it as it burns out for example. Getting a used car is getting very risky

[@slackerdug3423]

car manufactures are counting on the govt buyout of their vehicles. And the vehicles will be scrapped. Prices will stay the same.

[@jamieboling7791]

Dealerships probably wishing now that they didn’t rip customers off with huge markups the last few years. Banks should not have been financing 110%-115% of vehicles value. They both helped cause this mess.

[@MrBrianbusch]

I blame the fools that purchased those vehicles priced over MSRP.

[@shane250]

$100K discount for 30+ vehicles is only about $3K per vehicle. On a $40K-$60K vehicle, it's worthless.

[@joshstepp4845]

That jumped out to me as well. Makes no business sense

[@SHADOWBLACKs650]

Tavares, the CEO rudely reminded everybody saying that Chrysler is not a American company, he's determined to sell to China, the decent thing to do would be to sell to the grandson of Chrysler, but he doesn't care about decency, he's determined to sell two China probably for a connection to lithium batteries...

[@bianchispurs]

My local mechanic is not busy, because people don't have money to fix them.

[@southerncali88]

Agreed. People are struggling so bad right now most people are working on their own cars, washing their own cars etc. It’s the entire economy right now. Why pay a mechanic $800 for a repair you can do yourself for $150?

[@toddprater14]

Don’t have money to fix them but got money for coffee stores and Uber eats /doordash…

[@amazingman63]

​@toddprater14 so eating is less important than fixing a truck?

[@toddprater14]

@@amazingman63 no being lazy , is where I’m getting at. You will pay 26 for a 18 item to be delivered via door dash.. a 6 fancy Starbucks is no different than a .50 cup of coffee fixed at home.. my point is eating out cause people are lazy is more important….

[@SKG1941]

That is the best news I’ve heard in a long time for Chrysler/Dodge/Ram/Jeep. Let Mr. Chrysler have the company back. I don’t think he could do any worse.

[@glennpiller9417]

Collusion with the Government because of over priced EVs comes at a huge cost.

[@f1champ551]

With also some states that want to restrict or ban Kei Cars, Kei Trucks and Kei Vans too to the point that they want people to buy these cars that the video is talking about.

[@f1champ551]

So... Have a vehicle from the ports of Japan that people will do anything to keep it going or buy cars in the US that is a hot mess right now too.

[@richardfolden3860]

You can buy the Tesla model three for about $30,000. That is about $15,000 lower than the average new car price. Why do you say that’s overpriced?

[@JohnS-il1dr]

​@@richardfolden3860because its an overhyped car driven by people who pretend to care about the planet. Better off buying a Chevy Volt as you still get EV results in a cheaper platform

[@tHebUm18]

@@richardfolden3860 Because they want to blame the gov't for the incompetence of legacy automakers. Surely the gov't is to blame despite there being an American automaker that does produce EVs profitably even without the subsidies; they even have 100% of vehicles sold in the US produced in the US, unlike legacies that produce many models in Mexico.

[@thongtran37]

Overpriced Trucks nobody can afford...😂

[@502Chevy]

Including the dealer.

[@robedmund9948]

Businesses can. Buy it, drive it, depreciate it. It's a write-off. And well-worth it.

[@lot2196]

They are selling. Slowly, but a buyer will come and they know it.

[@williamrose7184]

@@robedmund9948Really? Go away, Guy.

[@anthonybellmunt3103]

These cars mafactures have to realise that they'll get further if they stay honest, build affordable and reliable vehicles. They must realise that living within one's means is what consumers want!

[@Runco990]

I should care..... WHY??? They'd rather go bankrupt before lowering their prices. LET THEM!

[@yard-bird9815]

Bravo! I love how you break down from the new dealerships to the used dealerships. How this market is affecting everything from car prices to maintenance repairs.

[@dmark6699]

Absolutely right Brandon.

[@merlands1]

This is what happens when you have a mail-in President !!

[@kaydublin5164]

My husband is a mechanic, 36 years, he’s always busy, when times are good ppl still need maintenance,when times are bad ppl can’t afford new, so they still need maintenance.

[@MauriceTolsonJr]

These dealers can keep their high value vehicles. I’ll hold on to my 10 year old car until pricing comes down. If it doesn’t, I’ll keep my vehicle for another 10 years. There is no value in getting a car note just to say the vehicle is new, or has a tablet screen that glitches.

[@DrMatey215]

Time to bring out mini trucks that get 35mpg in the city. Price them at $16K and they would sell millions!

[@nickytorres662]

I think what needs happened is for the government not to bail them out and maybe the manufacturers will change strategy. O think the problem is they know that no matter what they do or how they do it, the government bails them out. Start there

[@unclemonster48]

The government?? You me us? You and me the tax payers

[@jolskio]

if those really are your prices .... your awesome man keeping people on the move at a real American price god bless you my dude hope you find your stock the people need it !

[@Frontier2022]

One thing that bothers me is they have raised the prices but haven’t even tried to offer a new incentive like expanding the bumper to bumper warranty past a 100,000 miles.

[@toddprater14]

Cause they know their stuffs junk with junk parts and it’s designed to last 36001 miles…

[@timothyweers8054]

It's funny how a few years ago the auto dealerships were hurting with very very limited amount of vehicles to sell new, now they are overfilled where no one is purchasing either. How ironic.

[@JA-zh5xi]

MSRPs need to come down about 30% and negotiate from there.

[@flyingspirit3549]

As always, thanks for this chance to see the reality that is the auto retail world. Best wishes and best of luck for the future.

[@ExecuteBrandon]

No demand…. Lot’s of supply… prices must go down…

[@eman7892]

I'm driving my 15 camaro... been paid off for 6 years.. runs perfect.. have no need for a new(er) vehicle. Nearly debt free & plan to stay that way 😁 Maybe in February... should be awesome deals then! 😂😂

[@chrismcmullen4313]

If you dont think the loan companies didnt know people couldnt afford these car and did it anyway...this is just ninja loans for cars. All the big corporate processes are insiders and they've cobbled together an excuse to push an agenda toward no cars at all

[@EmmyPierz-ek7hi]

Including richardfoldem Teslemons???? CB

[@mushethecowboycook9353]

Greedy companies and leveraged buyouts has been destroying so many companies.

[@peterm4475]

I would never buy a vehicle where I could not physically change a wheel or where I needed a stepladder to clean the roof.

[@bongmuon]

Most of the trucks now you would need a stepladder to clean the hood!

[@mikebreslaw9651]

i was at a dealership the other day and you are right, rows and rows of unsold inventory

[@chuckvoss9344]

This is how OEM's get rid of their dealer network and sell direct. No longer will they have to fight the dealers to go direct sales. Excellent execution of their plan !!!

[@unclemonster48]

Will this be good for the consumer or will they keep the gouge going?

[@GrinderTV]

Ive been hearing about rising auto reposition/delinquencies for the last 20 years. Car sales rise and fall constantly and people that fear monger are the worst.

[@uNkLeRaRa4]

When a box of Kraft Dinner is over $3 a box, who TF can afford a $100K truck... 🤷🏼

[@jean-louislalonde6070]

RIP Stellantis-Chrysler-Dodge-Jeep-Ram.

[@johnanthony2420]

Those repos are not the over priced new cars. They look like the buy here pay here beaters . You need to take a trip to the auction where they keep the late model repos.

[@stephengrinaker5085]

Its amazing how the prices have gone up so much with how much automation and robotics we have now. Auto ordering parts etc

[@Richard-go7jr]

Dodge is done they stopped making the affordable pickup brilliant I tell you brilliant

[@LibertySpam]

This is why I have a 1993 f250, a 1997 crown victoria and am currently rebuilding my 1986 vw jetta turbo diesel.

[@ryanside9117]

Kamala will have this sorted out by the weekend. She’s an economic genius

[@jamesdallas1493]

😁😁😁😁😁😁

[@BullingJack]

😂

[@jadesumsion]

😂

[@jamesseabolt5915]

🤣😂😅

[@Shawn-o4z8y]

😂😂😂🎉🎉🎉

[@ronclements2002]

I have said this before and I will say it again. They quit being loyal to us therefore I am no longer loyal to any of them! I own 3 Chevy trucks currently and don’t plan on buying another vehicle until the corporate greed learns their lesson. Thank you for all your hard work and I am grateful for your information. God bless.

[@frankg.5150]

Florida new car and trucks sales should tank nobody needs to pay dealer fees like 1000.00 dollar dealer fees and distributors added fees like Toyota does 1500.00 free oil changes. NO THANKS I WILL BUY MY NEXT NEW CAR ONLINE.

[@waynemccormick4773]

Its not rocket science. The consumer has reached his breaking point. They're asking more money than the average middle class consumer can afford. With the economy teetering on the edge of recession no one wants to take on that level of debt even it they can afford it right now. The car companies are asking for money that people don't have. The car industry need to get with the program and start making cars people want and can afford to buy. They keep discontinuing their cheaper vehicles.

[@Jataylor8991]

Us broke people need to learn how to work on our own cars , basic wear items , hubs, alternators, power steering pump, axle replacements , shoot even a head gasket , everything is online. The info is there

[@shittyopinions]

​@@S.L.S-407Should have spent your life securing a man. Car is the least of your worries...

[@Jataylor8991]

@@S.L.S-407 no but generally speaking the majority of the population is still able to turn a wrench

[@squashua16]

Most people do not have tools. Jack's, stands etc.

[@Jataylor8991]

@@squashua16 buy some , still cheaper than paying a monthly payment or paying a shop $100+ an hour

[@Jataylor8991]

@@squashua16 buy them. even new they are cheaper than $100/hr labor rate for a few hours , a basic socket set and jackstands isn’t much more than $150, let along if you go on market place,craigslist or even if you look for garage sale deals. Be crafty

[@Heero-xn8rj]

Nailed it on the prices. I’m ready for a new car but I am not paying the the prices they want

[@RomanVarl]

Should have though about the grandpa's brand when selling it to the European corporates

[@xceler8auto]

Great advice👍...I ALWAYS tell people not to buy new.. If you get a used car at a good price ,you can always get out of it and break as close to even as possible. If you want a new car with a forever warranty, then I say lease vehicles.

[@Derek-tk4wf]

Not circling the toilet fast enough. Still waiting on a decent truck deal.

[@jadesumsion]

Me too. Won’t budge til a good deal

[@alexandrechampagne3302]

Lol they been saying that for two years and still cars and trucks are ridiculously expensive. When i see price goes down I'll believe it

[@murraygingrich9926]

The car dealers are getting what they gave to customer s. If they go broke then it has come full circle.

[@MCTeck]

I purchased cash, a new Chevy Colorado WT w/ 6 speed manual transmission in 2018 .$25,600 OTD. Got a $5000 discount because the truck sat on the lot for a year. Nobody wanted a manual transmission, but I did! This my first and last new 4 wheel vehicle. [I have owned 12 new motorcycles] New trucks prices are a rippoff. My truck is one level above a base truck. Now,every truck seems to be "Fully Loaded", with a price to match!

[@KM-os4be]

It's only just begun.

[@HoldandModify]

used car dealerships are closing or converting to repair shops. This is absolutely correct. In my area alone they have built two new repair shops for cars and they are always packed. Recently a very large used car dealer up the street for me converted over to a repair shop and he’s already doing way more business than he ever did selling used cars. as you said everyone is holding onto their cars longer. The money is now in fixing and maintaining.

[@RonKnowsStuff]

JCPenney was founded on pay cash - no credit. The C stands for CASH. Save your money, by a Brandon car, then save for the car/truck you really want. That’s what I did and I’m enjoying a 2024 F150 STX. Cash talks or Ron Knows Stuff walks

[@IamNiggler]

Sounds really gay fr

[@generic6587]

It does stand for Cash because that was his name at birth. James Cash Penney. It was also his father's name. Store name had absolutely nothing to do with the cash vs credit. Original store in Kemmerer Wyoming.

[@falconinflight6235]

As always, excellent insight presentation.

[@tantraman93]

The Car Market is in financial ruin...Good!

[@mattmaxon7783]

20+ years ago I looked at a new car and I told the salesman it was too expensive and his reply was, "it will only be more expensive next year". My reply was "it will just be further out of reach for me next year". The problem has only become worse, vehicles going upmarket / luxury lowering the pool of potential buyers. My family has only ever bought 2 new vehicles. A 1985 Ford Ranger (a total POS), and a 2006 Toyota Corolla LE (still going strong). I currently drive a 2008 Toyota Tacoma 4x2 extra cab with 250K miles and still going strong.

[@johnniejones5890]

Just saw that crazy video a day ago about a guy stealing the repo tow truck that was in the process of repoing a Silverado .

[@tedosmundson7326]

I have a strong running 2013 Ford F-250 on Offer Up. It was a fleet truck for the Amerigas company and well maintained. . It has a $8500 Roush propane conversion on it since new. Super Duty Crew Cab long bed. Clean! 379 CI V8 motor. Roush and Ford have been selling these since 2009 and still do. Save fuel cost, double engine life, AC blows cold, 20 inch wheels from a 2020 F 250 with Michelin tires. $13K. Friend has a 2013 Platinum F-250 crew cab long bed diesel 4 x 4 price? 45K... my truck is a steal value wise for how much truck you get compared to the Platinum I just mentioned.

[@jctai100]

"We've overproduced and overproduced and overproduced" Sounds like overcapacity 😂😂😂

[@ryan3416]

hey dude from Edmonton. getting close to 250k subs. congrats on the success and thanks for the information.

[@carquestionsanswered]

Awesome! Thank you!

[@guzmancharles7]

Stellantis should accept to sale Chrysler brand back to Mr Frank B. Rhodes, the grandson of Walter P. Chrysler, am sure he will bring back the respectability and will bring the prices down for the regular folks. Before they finish destroying the brand.

[@jamesclapp6940]

Regarding the local dealer in Carson City Nv"Capital FORD"...these people are bad actors with their policy of gouging the customer base by including ADM to the majority of their vehicles. since 2019 they have consistently added $4K to $50K to their inventory

[@Gus-y5i]

Great Reset WEF

[@shawnguy3005]

I thank you for all your time in going to these lots. I thank you for all your efforts in editing and explaining to me, individually, what the car market looks like and where it is heading. i am prepared and not scared. i will have a used car lot in 2 years and a good at that. 50 homes, 20 businesses and 30 yachts. TIME TO GET REAL FOLKS. peace

[@davidwilliams4498]

I remember when Ford was making the very affordable base maverick pick up. I thought since i retired i could afford to buy a new 1 an be my last vehicle. Then came the pandemic the supply chain mess the union strikes now a base maverick is 30k an was about 19k. Average vehicle payment now is 740 a month. Avg vehicle price is at least 47k. Auto plant layoffs are guaranteed. Its not even debatable...

[@marlinmr7]

So first of all this is what so many consumers in recent years DO NOT understand: "The main purpose of a car is to get one from one location to the next rather than for it to be a status symbol or something to show off,” said Jania. “Provided that the vehicle is safe and will do what it is supposed to do, it’s recommended to avoid paying the top dollar for a vehicle, especially because it is depreciating." Now add into this vehicle manufacturers greed and then after a new vehicle goes to a dealership more greed i.e. "market adjustment" stickers? Add in lots and lots of non-value added electronic whiz bang plus refer back to consumers not getting it that while a vehicle is a necessity in many cases it is also a cost to be controlled from purchase to during ownership and also one to be minimized i.e. "buy for want and not need" plus if having to borrow $$$ for it as minimal as possible. Then add in this EV fantasy world where most folks have range anxiety as well as lacking in infrastructure so let's build big huge EVs that have little to no range and again keep those prices very high - around $50,000 starting..... Gee I wonder why it is an industry being turned inside out? Hmmmm.........🤔🤨🥴😵😵‍💫

[@WarpedTrekker]

If they want to sell these trucks and cars, they will have to take a loss and reduce the prices in half. A lot of People don't have the money and those prices are ridiculous. In Austin Texas there are cars on lots everywhere. Still above MSRP and with added add-ons they install immediately.

[@chrisg723]

Looking to possibly buy in December - January but will be a used vehicle. NOT NEW.

[@levenkay4468]

Why do manufacturers even MAKE new vehicles? They should just make *used* ones!

[@paulfrantizek102]

The only way Chrysler and Dodge could survive independently would be to focus solely on a RWD platform and V8 engine and make retro musclecars in their old nameplates. One plant making 250,000 units annually spread over Charger, Challenger, Super Bee, Imperial, 300 could be sustainable as far as demand for the product. The could even bring back the Plymouth brand and make Barracudas and Satellites. That and have a second plant dedicated to Minivans. But stay away from the FWD cars and CUVs, those are pure commodities now. But even that plan seems unlikely. Overheads in automotive development and manufacturing are massive.