This Kind Of Greed Is Criminal...

[@ryanteter]

Really appreciate this video. We just sold our RAM 2500 Tradesman diesel truck that we bought brand new in August. Traded in our old , reliable Powerstroke truck for $4500 that day. Put down $3000. Financed $57k and change. Owed $50k when we sold it last month and had to come out of pocket $2500 to sell it. Our needs changed significantly so, we didn’t need that big diesel truck any longer, especially not at $954 a month. Was it hard to lose all of that money? Yes. But it was easy to find a one owner, ten year old Tundra with 110k miles in great shape for around $21k. The local credit union financed it for 5 years at 5.49%. That’s how we are stopping the bleeding. I know others who are doing the same as us. In regards to the dollar… well, this is what happens when America elects a Dem. Every time.

[@ej2863]

Ask yourself the deeper question, why do prices keep going up for houses, cars, education, healthcare? Money printing destroys your dollar income and savings while pushing up prices.

[@marklihsu]

True except Toyota charges about $5k more than an equivalent competitors mid sized truck.

[@ej2863]

@marklihsu sure there will always exist brand premiums, but the issue is prices go up and dollar goes down from money printing.

[@iati6294]

Greedy corporations

[@g7003041]

You just accept whatever price throws at you?😂

[@KJT1220]

Has nothing to do with corporate greed?

[@xxtreyxx12131990good]

Toyota needs to change their slogan to higher price worse reliability

[@TheAudi585]

Sounds like a lot of manufactures

[@gboyce975]

Auto industry has done this to themselves. Manufacturers and dealers are complicit and now you have a generation of buyers who've changed their buying habits and a new generation of drivers who will not value purchasing new vehicles. So many American consumers will now maintain and operate vehicles til the wheels fall off instead of trading in every 5-7 years because of this

[@DarthNero]

Not only that but buyers attitude in appreciating value and affordable options is now growing. People are now more price conscious than ever before.

[@994pt4]

$50K+ for Mexican-built 4-banger!!! LOL

[@SpiKSpaN-ei6zq]

The epitome of quality...bro!

[@PrideofAmerica7332]

Just think, if everyone in the country decided to simply not buy, they would be forced into dropping prices like crazy. It’s because people keep buying even at these criminal prices. That’s why they won’t drop prices. Smh.

[@tizodd6]

These dealers need to realize that times are hard for regular people right now. I work in banking, and our repo lot is more packed (by a lot) than I've ever seen it in the five years I've worked with the company.

[@TruckingShooter]

The smart thing to do right now is if you can manage to do it, keep your current vehicle and if you need another guy get a good used one.

[@bills2814]

Yep - Fewer units at higher margins for maximum profits. Not just the car market.

[@itsallminor6133]

I think the idea (way it's going) is to sell less vehicles but for the same profit or even more. They can produce less and still make the same or more $

[@angelr4429]

Big car makers always find a reason…like discounts on new cars….but guess what…they won’t REDUCE MSRP which is the problem.

[@SliderFury1]

Exactly right. Manufacturers will introduce new, cheaper (and more cheaply made) models before they drop MSRP on existing ones.

[@John-kx3ng]

It will continue as long as people are willing to pay the price.

[@MrBoz1968]

I just bought a Truck, yesterday. I want to thank you for all the videos you have put up about trucks, it helped me a ton. I spent 4 hours in the dealer working a deal, there were maybe 4 other people during that time being helped. The dealer has you ring a bell when a sale is made, I was the only bell heard in that 4 hours. Truck prices are down from January/end of last year, for the most part, but they are still high, even getting them to drop from their listed retail pricing by 4k, still means a huge purchase after taxes and making "choices" in the finance room. Which usually puts the price right back to or even more than the listed MRSP. It is crazy.

[@Andy-lz6gb]

Manufacturers keep cutting costs, forcing unwanted features, raising prices, and wondering why no one wants to buy their cars

[@Sheepy19801]

Car companies have to make up for the losses on all the EVs they thought they would sell.

[@Thirteen7447]

Not our problem!

[@lot2196]

Exactly. That combined with money printing by this disgusting administration.

[@DS-wo8wr]

@@Thirteen7447Actually, it is our problem… All this turbo 4 shit is brought on by our Governments and the emission and fuel mileage standards they’re forcing on automakers.

[@Thirteen7447]

@@DS-wo8wr Not our problem! The automakers are the ones with the problem! If we don't buy it, it goes away! The REAL "problem" is people not understanding their power in the economy. Vote with your wallet!

[@johnkonde1975]

Ben, your video title is quite accurate. The carmakers are indeed very greedy. After all the profit they made during the pandemic, they all realized that they can make more money by selling less cars but at the same time increasing MSRP and reducing rebates. So now, even though the supply chain issues are over, they all want to continue with the lean production strategy. Toyota has the lowest market day supply because it chooses to have the lowest market day supply and if that means people are forced to pay thousands over MSRP for basic Corollas and RAV4s, well Toyota is a-okay with that

[@allenbrown2482]

The Japanese manufacturers learned to do this, not the American manufacturers. Well, don't know if one considers Dodge/Jeep/Ram/Chrysler an American brand any more. It almost feels like Stellantis is doing what they can to stiff America and start supporting the BRICs. Lots of jobs have moved to Brazil.

[@davidporter7051]

dumb comment. Prices haven't changed since the Pandemic inflation is up near 30% Of course prices increased

[@johnkonde1975]

@@BX_Staff-Home where are you located? here in Dallas, the lowest OTD price I can get on the base 2024 Corolla LE gasoline sedan is 26k. This is because in Dallas, we have very high demand for base Corollas and very low supply. So all the dealers have added markup and have added forced pre-installed packages

[@raiden031]

There is plenty of competition from other manufacturers. If people are paying thousands over MSRP it's because the cars are worth that much based on demand

[@wayneanderson991]

No one is forced to buy a new car, it's a want not a need. If you give the dealers what they want why would they lower the price? If you feel the carmakers are greedy then don't support them, buy used. YOU have a choice, vote with your wallet if you want change. Consumer debt is the cause of inflated prices in general. Living within ones means solves all of the consumer issues. He who has the money has the power, it's really that simple!

[@ThunderStruck94660]

I absolutely do not walk into a car dealership unless they email me their best price on the model I want. Absolutely do not walk in without it. Ask several places. Play them against each other. Only go to the huge dealers that have large volume. I got a 2024 brand new Sentra yesterday for $19k ($21k out the door). Pretty good looking car now.

[@johnkonde1975]

Congrats, was this the SV trim?

[@ThunderStruck94660]

@@johnkonde1975 naw, it’s the S. My kid wrecked a 2019 Sentra last week and it’s for him. He gets the base model:).

[@johnkonde1975]

@@ThunderStruck94660 That's a great deal on a brand new 2024 Nissan Sentra S! Your kid is still lucky to get a shiny new Sentra!

[@ThunderStruck94660]

@@johnkonde1975 it’s as good a deal as you can find today. I actually for some reason had gap insurance on the 2019 Sentra I bought for $15.5k brand new and USAA gave me $17k on the totaling of the car. I am pretty happy. At least a Nissan is finding a niche right now and trying to provide reasonable cars. They actually had a white kicks they would have sold me for $1000 less. I tell you though, the dealers really make it stressful. That is why I never go unless they give me the no kidding price via email before I go in.

[@cs.soaring.5280]

Guess I’m keeping my Subaru for another 4 years ;)

[@hertzair1186]

It’s not criminal, it’s market forces.

[@KA9DSL]

Raising prices, I don't think the OEMs have heard of something called inflation.

[@salimrandall]

Normally I'd be in the market for a new family SUV. But I currently have a 1.9% APR and trade in prices are crap. I can't justify the purchase in this market.

[@mr.knowitall6902]

I’ve been in the car business since 1985 selling new cars used cars in Florida and the same thing as going on now is what happened back in the 80s and early 90s we gotta deal with it. History is repeating itself.

[@AustinBruner]

How did it end back then? How does this all shake out?

[@phillyfathead]

🤔 ummm, vehicle prices might come down a little BUT no crash!! High prices are here for good!

[@android-ud2nf]

The fact they are cheaper made and taking away luxury like the 18 speakers down to 14 and less led lighting. No platinum plaque on the rear. They are stripping these trucks down and charging more

[@munch2048]

The new normal is 700 to 1000 dollar car payments and thats crazy .If you really need to buy a car now put down a large down payment

[@mr.knowitall6902]

And guess what everybody made money and customers had deals. People are just too greedy and dealerships still believe that we are in a Covid time. When you’re greedy, you’re gonna go out of business.

[@ShortTimer-pc5sm]

"Covid time " = GRIFT

[@jimnelson7740]

It's not criminal. The way capitalism works is you charge whatever the market will bear. When you have more goods than the market will bear, you know your price is too high. When you can't find the goods to sell, you know your price is too low. Nothing criminal about it. But, it doesn't work smoothly, so you have periods of over-pricing, followed by periods where you can't sell anything. Smart people understand this, and don't go all-in with high prices even when they can. They realize that overly high prices can harm them in the long run, by alienating their customer base. So, it's not criminal....it' stupidity. And both dealers and manufacturers, in the current situation, suffer from it. Paying the CEO's millions of dollars per year to run their companies into the ground, is REAL stupidity.

[@ej2863]

No the market is rigged by Fed interventions with money printing

[@leedanielson7452]

Interesting times for sure.... since 2020 things have really gone haywire... that's all I'm gonna say about that.....

[@drake_leo2152]

All by design

[@dilligafmofoker]

The COVID era buyers that were dumb enough to overpay for vehicles are still upside down. Add much higher interest rates, credit standards tightening, COL skyrocketing…and you get the current market results.

[@raccoon874]

yep there are USED cars 2020-2022 that people are trying to sell for more or as much as a 2023-2024 model... humans are gullible idiots

[@davidporter7051]

of course they increased prices. In 4 months inflation increases 4%. This is what happens when the Fed prints dollars it doesn't have.

[@ej2863]

Exactly prices go up from money printing decreasing the value of your dollar income and savings

[@veritasaequitas517]

Bada Bing !

[@ryanfraley7113]

Corporate profits and automakers profits far exceed inflation. Government is only a small part of the problem here. Automakers can still make cheaper and more fuel efficient vehicles.

[@davidporter7051]

@@ryanfraley7113 not even close to being true. Most are making 5-9% net. Read and understand a quarterly statement before commenting.

[@ryanfraley7113]

@@davidporter7051 Most automakers have had pretty massive increases in profit since things normalized in the supply chain. Not sure what data you are looking at.

[@frb7603]

The manufacturers are aware after the pandemic they are leaving money on the table. People did and will pay a premium and it would be foolish on their part to not get it. Who’s to blame, it’s all the people that will pay higher prices. As long as they play the EPAs game the government will make sure to keep out low cost competitors.

[@raiden031]

Bingo

[@avidwaterfowler7522]

The dollar is worth less is what this all boils down to. However, my area in eastern pa still seems decently strong as houses and new cars are still selling. Albeit not as well, it’s just a matter of time Id guess until something bad happens. But maybe the fed will try to fix it, who knows…

[@goldensilver793]

Thanks Ben

[@davearnold731]

Corporate greed, pure and simple. I have a 12 year old and a 13-year-old car going strong and I will wait...

[@ML-lg4ky]

I see a call for bailouts coming…

[@James-ow1vv]

You Will Own Nothing And Be Happy!

[@simonbrunet5605]

The reason why oem raise they price is simple. Ex: your the owner of sellantis you know that your company is going to a great recession soon so than you jack your price to the roof and then when recession hit you put 50% rebate. So every moron think those are super deal but its just the normal price and they are still selling those to the dealers at record profit.

[@jonathantaylor6926]

The new vs used car markets compete with each other but they got stuck in a price trap due to absurd lockdowns that reduced overall car supply by around 9M units, maybe more... That's a hell of a lot of late model, low millage, high quality used cars that should exist, but do not. This "missing" block of 9m cars keeps used car prices elevated which keeps new car prices elevated, which discourages new car buying.. resulting in few trade-ins and restricting the supply of used cars even more. The only thing that will break this feedback loop is a recession or if Jerome can figure out how to print used cars.

[@timothygibney159]

The 0% interest from the fed combined with tarp payments caused people to use they for down payments on trucks and cars too! Prices went up 40% overnight. If 10% down were required like back in the 1990s the prices would have remained steady

[@jonathantaylor6926]

@@timothygibney159 The low rates contributed but the real driving factor for rapid car price appreciation (for the first time in human history) was because of lockdowns and shortages while demand remand strong.. it created a positive feedback loop as most of the appreciation dollars never left the auto industry.. its not like people had 6 extra cars to unload at higher prices.. people normal trade in a car for a different one.. and since many people got ALL THEIR MONEY back after driving a car for two years they had no problem paying a market adjustment... depreciation worked in reverse... instead of your car going down it stayed the same but the new car went up..

[@johncarter5707]

Greed will be AMERICA'S Downfall.

[@TheLemart]

Corporations not wanting to pay people will be their downfall.

[@peterkennedy5596]

I say let the greedy dealers and manufacturers go out of business. No bailouts. I would love to see a Chinese company produce a cheap work pick up truck for the US market. It would probably be better quality than the junk that those idiots in Detroit can make.

[@marklihsu]

You should be sitting in front of the taco since they are charging as much as a full size.

[@albertojhernandez169]

Hopefully my plan to buy after Christmas 🎄 works for me.

[@rogergeyer9851]

Since people can get decent cars for under $30K new, and of course a LOT less for older used, it's not like people HAVE to spend $48K+ on AVERAGE for a new car. People largely do it to themselves re "money problems" in the first world. It's more like BAD CHOICE problems.

[@JoeSmith-nu8oo]

Do you think based on this info I could sell my 23 Rubicon JLU and make a deal on a new 392🤔 I know I don't need a 392, I want one though😝

[@NorthN2TheEast]

People are keeping older cars. That pretty much sums this up

[@itsallminor6133]

Nice job. Any thoughts on the China imports and tarrifs? The Mexico backlash?

[@onefastcyclist]

"Greed is good" - for whom? This could be a true disaster for the industry as a lot of dealers depend of high volume to stay in business

[@Fevebblefester]

I am amazed that there are 15 million cars being sold per year. $60,000 for a car?

[@jeffreycheng5984]

"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.

[@ElvisPressCompany]

The Pretty Work Truck bubble

[@mr.knowitall6902]

All the Japanese manufacturers were always the lower price vehicles

[@raiden031]

Look new cars are not by any means a necessity, so people can always save a lot of money by buying used. They are priced high because enough buyers are willing to pay for them. Thats it. Demand for it is what keeps them in business. They don't sell a lot of their low end vehicles

[@ShortTimer-pc5sm]

The "federal criminals " do whatever they want. We're all gonna figure out their GRIFT at some point.

[@lot2196]

So greed just started three years ago?

[@wd8085]

A reporter asked the toyota CEO how much did your yacht cost. He said nothing all the dumbass's who bought my cars/trucks paid for it.

[@zmotorpro]

The auto industry would have you believe in an alternate reality. Return to the mean? The auto industry will try to convince you that everything goes up. Always. JP Morgan forecasts a 21% drop in the S&P500 by the end of THIS year. No worries, that won't affect the auto industry.

[@raccoon874]

*highly improbable: US equity markets will continue higher until at least March 2025, all-time highs and almost bubble-type behavior*

[@matthewhuszarik4173]

It isn’t average Americans buying vehicles it is the rich buying multiple vehicles.

[@lordrayden3045]

I’m still trying to figure out what jeep is doing. Their wrangler prices went through the roof They are going to cost themselves a whole generation of customers.

[@mikehughes8023]

Everything ok Ben? You look kinda down and out brother🙁

[@Savvynomad225]

I want to spend a Saturday walking new car lots laughing at window stickers

[@raccoon874]

you'll be astounded at people actually buying these stupid prices

[@JA-zh5xi]

I have the ability to pay cash for a new truck, but I’m not a moron so I’ll keep what I have. Prices need to come down 30%.

[@ramtrucks721]

Who cares

[@ShortTimer-pc5sm]

Next thing they'll do is make used cars illegal to purchase

[@nocturnallips]

Common sense is lost on these manufacturers and dealers. do a calab with car edge ben!

[@MrJestyler]

All part of the great reset

[@stefanczechorskidds8435]

Because of the Election year timing..... If the new administration gets elected, the market will take off again regardless of the MSRP's.

[@ubeuonly]

And we wouldn't care about car prices because our democracy would be over

[@simonbrunet5605]

Its me or this guy is looking worst each video like if he has no cash or something like that.

[@johnkonde1975]

he has more money than you and me combined, he bought a house in Utah pre-pandemic before housing prices exploded so he made several hundred grand there itself

[@simonbrunet5605]

@@johnkonde1975 You must be right but he could do some effort a background and shower before at least.

[@itsallminor6133]

I'm here for the data and the delivery . Could care less what he looks like

[@ubeuonly]

Like an old mountain man trolling the mall for young men I think. Mormons are funny...

[@ubeuonly]

Is videos are numerous and overlapping ​@@johnkonde1975

[@youarerightboss]

RIPOFF

[@youarerightboss]

Don't blame me, I voted for Trump

[@johnkonde1975]

Trump is a super rich billionaire who doesn't care about poor people, he's no better than Biden

[@rogergeyer9851]

In a free market, setting prices YOU don't like is "criminal". LOL. So much whining, so little dealing with reality. If you don't like the "greed" some places, SHOP SOMEWHERE ELSE. BUY A USED CAR. WALK AND TAKE THE BUS. GET A BIKE. It's not like there are no choices for Americans.

[@bobdowns6973]

GO OUT OF BUSINESS!