Why Car Dealers Are CLOSING!

[@Vincent-ke5zn]

I've said it before Mark, people need to learn the difference between needs and wants, nobody needs a $80k- $100k vehicle

[@markdavey2107]

Dealers screwed customers the past 3 years with shifty sales practices and mark ups ..time to pay the piper ..folks are fed up with all of them

[@stevenhintz5508]

No way am I buying a new car outside of the 20-30K RANGE

[@jameshughes533]

Dealership greed is catching up with them. Too bad let em go... the whole industry feels like they don't care.

[@markholubetz]

Yes it really is

[@buckd2958]

You spelled manufacturer wrong. You know the ones that have raised the sticker prices 20-25%

[@saeedhossain6099]

dealerships set transaction prices, MSRP's going up is irrelevant if dealers don't stick to them.

[@markholubetz]

@@saeedhossain6099 exactly

[@buckd2958]

@@saeedhossain6099 lol don’t you think the invoice the dealer pays is going up too?

[@tonystormcloud6889]

Stealerships made theirs beds. Now they have to sleep in them.

[@None-lh5mx]

I hope they all go out of business. Realtors too.

[@woodrmp1]

Yeah 5% to take a few pictures eff off lol

[@brucevrooman6107]

For the dealerships that took advantage of people during the pandemic......I have no sympathy for them, not a bit. Greed is so ugly !

[@TimP-p2h]

I agree!

[@joegarcia3954]

I have zero sympathy for any dealership! Let them go out of business. It will force manufacturers to sell directly to consumers!!😂😂😂

[@ismaelgonzalez2432]

Amen to your point.

[@Mb2IseeU]

I believe there are laws preventing the manufacturers from selling direct. What makes Tesla different is that it’s not really a vehicle manufacturer it’s a tech company so it gets around the law and can sell direct.

[@toddprater14]

Even if that eventually does happen, they ain’t gonna mark the cars down 10k or whatever they will just absorb the dealers margin for themselves, greed has finally topped out with all manufacturers and not just automobiles..

[@Vincent-ke5zn]

I agree with you 💯 %. I don't feel sorry for the stealerships and the stupid people who buy vehicles they can't afford

[@buckd2958]

Yes and then the manufacturer will jack the price up 🙄 they are the ones that keep raising sticker prices

[@davidford3073]

No one wants to overpay for an overpriced vehicle…….hello McFly😮😢

[@markholubetz]

Absolutely not should they

[@deecee3244]

Greed get you all the time.

[@markholubetz]

Yes it’s catching up

[@johnsanford3596]

Finance and lease rate incentives only matter to those who are financing or leasing. Lower the damn prices!!

[@710Overland]

When the prices are astronomical, no one can afford it. Dealerships priced themselves out of the market. Their dishonesty and eagerness to just make money has caused people to not buy; we’re wary of marketing and salesmen who push to pull the hood over your eyes.

[@clemnewton9007]

Everything is going up but wht you get paid is not keep pace with all the crap going on

[@Himsofinee]

I’m glad I’m not the only one who thought these prices were ridiculous.

[@barrydworak]

I hope all the dealerships go under and the entire sales model changes. Tesla, Costco, and others have shown the way it can and should be done. To hell with the entire dealership business as we have known it.

[@stephkent2736]

So what happens to service? Are we going to have to have vehicles towed from Baton Rouge to Houston or New Orleans for work that can’t be done in our driveways? That’s where small local dealerships fit in - a little sales and a service department for the community. When that goes we will feel the pinch, especially as independent shops can no longer fix computerized cars without a 10-30K investment for specialty computers.

[@barrydworak]

@stephkent2736 too many bad experiences with dealers. Have used independent shops as long as I've driven.

[@Vincent-ke5zn]

I haven't noticed any stealerships closing around my area, but I'm seeing the lots so full of vehicles they are parking the vehicles in the grass etc etc. These lots are probably full of lot rot vehicles also.

[@DanGilliland-pi4vh]

Lots are packed with vehicles, many are repos . That have lots of issues. And people just don't have the money to buy them.

[@mriphone1000]

Recently bought a 25 year old beater. Stealerships, big brother and banks aren't getting my money.

[@TRINITY-ks6nw]

We have had 4 restaurants close within a year All inside of a 15-minute drive

[@toddprater14]

Even if you work them hard and get invoice pricing or even can get them to give you holdback and you basically get it for what a employee cost is ( usually 10%) the high prices add 4800 in tax plus plate and title and say a small doc fee of 200 your back to adding 5300 onto the 10 they just gave you off a 79k truck… then even if you put 20k down your financing 53-55,000 @ 7,8,9% so there’s another 13-15000 in interest over 60months your still at 935 for 60 months!!!! It’s over even if rates were 2% these vehicles are too expensive…. Back in the 90’s a 80k vehicle was a German car or high end ride… no one can justify 1000 a month for 60 months or worse 72/84, ugh can you imagine making 84 monthly payments of 950-1200 a month ????

[@SouthBayRick]

It's not just the car dealerships that are in trouble, Watch some of the videos by METAL LEO San Jose, San Francisco, Santa Monica New York City. Blocks and blocks of shuttered buildings. I've never seen anything like this in my life.

[@deplorablecovfefe9489]

Dealers get cars from the factory, then tack on a random few thousand for themselves effectively turning themselves into car collectors that will maybe sell a car if the price is right to them.

[@kathleenprice8329]

It's the Floorplan can't afford the curtailment payments also interest rates and overpricing of vehicles. It's a ripple effect 50k to 100k vehicles! 😂😢

[@clearsailing7993]

My grandfather bought a new farmall H tractor in 1939. Someone else owns it now, but it runs like brand new. That tractor is 85 years old. Stop the planned obsolescence of automobiles. I would like to have a car like the 1970 Chevelle. Inline 6 engine, 4 speed manual transmission. Parts were cheap and they were very easy to work on. You could change the starter, radiator, carburetor, or transmission in less than 2 hours in your driveway. I know because I use to do it on my friends cars.

[@EStigers]

Yep bottom line, dark day$ ahead

[@deplorablecovfefe9489]

2 years ago, my boss bought a new truck for 70k. Bragged about how much he paid. I just bought a identical truck, used, with 20,000 miles for 30k cash. We now have the same truck but hes still making payments for the next 5 years before he owns his.

[@asbrandonsconcerned]

The biggest problem with the car market right now is that the costs for energy and the cost for groceries is too high. The higher prices for electricity, fuel, and groceries is robbing entire car payment types of amounts of money out of people’s pockets, that they were keeping and could use to pay for a vehicle before prices went up tri-fold on pretty much everything. Interest rates, inflation, and record high labor costs, particularly in the auto industry are choking people financially. Now look what’s going on. The UAW had their way and got these record contracts, now the auto industries are taking their manufacturing out of the US.

[@yardboy3955]

Good insight, thanks

[@jwill540]

New cars are trash junk tech junk quality astronomical price.

[@DanGilliland-pi4vh]

Yes they are absolute garbage ,they need to build them the way they 20 + years ago. Til then we will maintain what we have. We will never buy new today

[@Gary-n1z]

Had a salesman from an Autonation store say ya. Maybe the store won't be around in a year with Ford going so much toward fleet sales. Most of these new car dealers are giant used car lots now anyway. That's what they can get financed for people since many people's credit score is so poor.

[@sunking2001]

A few days ago I was at my local Costco and they had a small BMW SUV there for show and to advertise the auto buying program. I looked at the sticker price...$73,000! So, I saw an expensive beast "right in front of my eyes." The first thing I said was "WOW." Then I walked out to my 2020 Camry LE that had a sticker of 26K... I bought thru Costco for 23K...then I said "WOW."

[@sunking2001]

One of my favorite TV series which has been on the air for 17 years..."American Greed". Greed can be a major killer in "real life." They are showing replays of that great show. Automobile manufacturers should be featured on that show. Greed is already festering in the automobile business. They only have themselves to blame.

[@charlesmartin1262]

I went to test drive a car yesterday. After a week of back and forth on the phone the dealer talked me into coming in and taking the car for a test drive. When I arrived the car was sitting on two flats and couldn't be driven. They tried to sell it by saying if I bought it they would put mew tires on. No test drive needed. The dealer acted surprised when I was no longer interested in anything he had. They aren't selling cars because we're not all stupid.

[@theodoregalgan2073]

I feel that the manufactuers want to elimate all dealerships. They are looking to deliver the new vehicles to the customer directly, and the customer will be stuck with the new garbage, with no repair places. The manufacurers currently aren't listening to dealer concerns or care, so what make the customer think that they will get the service that they need if any. So why do you the customer want to buy new, when the old is better?

[@wacowildcat]

Correct. Manufacturers want to sell direct. Dealerships make money on service and parts. Those will survive probably owned by manufacturers.

[@labornurse]

In all the Facebook and Reddit car groups, I see everyone who paid dealer markup post covid now face-palming... they are so underwater in their car loans now that they are stuck with the vehicle even if they would like to dump it. 2 year old vehicles only worth 50% what they owe.

[@Frank-mo5ru]

Car dealership salespersons are trained to squeeze as much coin from the consumer as possible, they've been ripping off the public for over a hundred years. I think I'll have trouble sleeping tonight knowing that dealerships are crying poverty and sinking, the same way some dealership salesperson sleeps well knowing he just bamboozled several customers today.

[@toddprater14]

Yeah if you don’t have thick skin and able to hold your ground and argue and argue , take someone with you that can .. dealers love people who don’t like to talk/ negotiate… dealers hate me and I’m Proud of that …

[@Frank-mo5ru]

Very true! You need to treat dealership salespersons like garbage. If your polite and respectful, they'll rake you over the coals with a smile. Fact! If you treat them like sh@t they'll give you a decent price on your car. Friends of mine are brutal towards dealerships and they get the lower price.

[@toddprater14]

@@Frank-mo5ru sounds like my kinda friends, how can you get ripped off nowadays?? With the internet on our phones you research that ride and come in prepared and knowing what the low price is and ready to go with a start point and try to go even lower …

[@wacowildcat]

“Be nice to the people you meet on the way up; they are the same people you meet on the way down.” Wilson Mizner Car dealers were greedy pricks during their rise and are paying for it now.

[@davidlemay4761]

People are fead up with both the high car and high gas prices and their buying motorcycles.

[@markstewart3501]

That's not arrogance its insanity There starting to believe there own lies

[@eurowerx4267]

I’m seeing many small wholesale dealers closing!

[@no1be4me2]

Saw a few videos are there claiming in the states I'm not sure about Canada where insurance is supposed to go up and price in some cases double that'll cause a lot more dealerships to close...

[@Eric721.]

The new 2025 Frontier Pro4x is 50K MSRP. Just looked at the window sticker.

[@Mb2IseeU]

I want the Armada Pro4X. It looks really great.

[@vichetkim5533]

That's a fair assessment of the car market in North America. While the trend here in Australia is similar for EV cars sold in the american markets, the ICE car sales are more competitive.

[@trevdean540]

Doom spenders & debt junkies I have no sympathy.Same goes for the dealers pushing loans they knew could not be paid!

[@vincentenriquez-ny4gz]

You may be mistaken. Dealers can make as much as 15% - 35%. If they don’t it is not worth it. Yea, other items such as groceries 3% - 15%. Brand name clothes can be much as 150%. Brand name watches 50% - 75%. Brand name cosmetics can be more than 3000%.

[@pperdion]

I live in cold rural area. I have no interest in EV's

[@sgtcrab2569]

So do I! I have a Lightning and my second Tesla. Upgraded the Tesla after 4 years. No issues, The Lightning will run the house for 5 days if the power goes out. LOL!

[@bigdogpete43]

Lets just call it a market adjustment.

[@avidwaterfowler7522]

I can easily afford a new vehicle, but these prices have completely pulled me out of the market.

[@bamboo_22]

Still rockin my 2009 Trailblazer I take care of her, she takes care of me 😅

[@Scypher0th]

strange....the auto grp i work for just bought two dealerships and is building a new building for one of them....

[@wizzyno1566]

The car IS NOT the first thing to go. Thats ridiculous.

[@Vincent-ke5zn]

Another great informative video Mark, always look forward to seeing you 👍 😀, I appreciate the time you take to educate us so we don't buy something that will fall apart

[@Kevin-mk6jo]

Zero... sympathy. Direct to consumers is the way, like TESLA.

[@donaldhollingsworth3875]

I still see $15,000 - $30,000 dealer markups on brand new 2022 - 2025 Ram trucks. I was told by almost all Ram dealerships within a 50 mile radius of where I live that the sticker price was the price & they would not negotiate. Then there Chevy & GMC with all their trucks having a "Reissued" window sticker & they will not tell you why the window sticker had to be reissued. For people who have not noticed this, the word "REISSUED" in printed right next to the VIN on the window sticker. I will not buy a Chevy or GMC truck without knowing exactly why the window sticker had to be reissued. Also, truck prices will have to drop more than $14,000 before I would ever consider buying a new truck. I Will Not pay $85,000 for a truck.

[@caltiki3090]

Is that the interior of the 2003 Dodge? Looks great ECB !! Thnx !!

[@markholubetz]

Thanks very much, yes it is. I take care of my vehicles and I try to make them last. Hope you are having a great day.

[@chadcox1985]

at ram they are giving 15% off msrp(pandemic numbers) 90k down to 72k but then rates at 5.99 and nonsence add ons adds up to 15k plus 10k in tax we up around 95k give or take. so whats the insensitive to buy a 2024. makes no sence do they think we dont know how to use a calculator.

[@toddprater14]

Actually most people don’t know how to use a calculator, look at people calling into car channels and don’t know what their paying in interest or what they paid for the car when they signed

[@chadcox1985]

@@toddprater14 these are CND pricing i have talked to 10.plus dealers trying to make a deal and they all. are doing the same thing. and will not budge off there price. and just adding on ao many lil things and then you either take the 15% off and 5.99 rate. or no 15% off and 0% rate and it all works out to the same shit msrp from the start! so why by a 2024? why even by ram those fucks.

[@toddprater14]

@@chadcox1985 I know the guys a Canadian channel… I’m in USA so that 79k trucks prolly 90 in Canuckland… even more for them guys up there…

[@chadcox1985]

@@toddprater14 and its the same there. just greedy or what. like i have seen these 2024s juat rotting on the lots. they should be treated like used cars. but they want full price.

[@toddprater14]

@@chadcox1985 yeah it’s crazy who’s buying this stuff?? I’d love a new truck but the prices and now the costs to insure it is not worth it

[@KNIGHTOFELEMIA-i7i]

Again I always say ask a stupid price pay the price. Over priced, piss poor build quality, recalls, no bang for the buck anymore, ignore the customer and their needs, cut out entry level affordable vehicles, concentrate on higher end fully loaded models. This will show in this carflation which dealer survives, which automaker will also survive. Either dealers will get real desperate to the point they literally give the car away, automakers close down, or they get a bale out.

[@DanGilliland-pi4vh]

I absolutely 100% could agree more, yes pis-poor build quality that is grossly overpriced coupled with a near totally broke consumer ....it has to break ,it is mathematically impossible for any other outcome.

[@allanguy2522]

I haven't seem much of that here yet but the independent family owned dealership's are now owned by dealer groups but I guess that's almost the same thing. It will get better dose anyone remember the 20% interest

[@ChiTsang]

get rid of stealerships

[@raveninthedesert6726]

Money is the root to all sorts of evil. Just a imagine a world where things were just fair. Sure a little profit to keep people working, shops open, fair rent and home prices....can you imagine just how people would feel, the whole system would run so much better. But Greed is the destroyer.

[@FREEDOM-bk4rv]

Dealers are just greedy middlemen . We'd all be better off without them. We all should be able to buy direct from manufacturers and cut the BS. Straight forward price with no haggling back and forth. This is the price, this is what you pay. I think it would sell more vehicles and the buying process would be so much more simple. I have no sympathy for dealers whatsoever.

[@Barefootape]

No sympathy, I paid cash for a TDI Volkswagen. Deal was set price plus document fees. The guy laughed when I signed a form and said that one was $350. It was a loan document. There was no loan, but I had agreed to pay document fees.

[@DarnellHendeason-dk3uw]

And you didn't walk away?

[@palm_fangz1018]

Evs have no reason being so expensive, its a simpler platform.

[@38cal.36]

Hope and pray dealer's do not get bailed out wasting more taxpayers money

[@geraldbollinger7039]

I have not seen any price declines on sedans.

[@TheLemart]

Electric truck fire took 189k liters of water to put it out

[@turdferguson3475]

Buying a car needs to be more like buying groceries.

[@lot2196]

They can only be greedy if people pay those prices. People still are. Read the comments of Brandon, Ray and Zack, Lucky. The comments are full of people talking about what they just bought, are thinking of buying or what a neighbor/friend just bought. You want to fix the problem? Look in the mirror.

[@newsreel493namics]

Question: Is this in Canada, dealerships closing ??

[@browaruspierogus2182]

take them back to manufacturers and downgrade down low

[@Plow-b1x]

Interest rates will rise to curb inflation

[@realitycheck3672]

Prices here in Vancouver have just begun to drop. I’m waiting until February when dealers are overloaded with 2025 models so I can get my 2022 Honda CR-V Black Edition.

[@capnkirk5528]

Economically, the "automotive sector" is a CASH SINK, and has been made much worse by shareholder GREED. (And CEOs making huge bonuses on quarter-to-quarter performance, instead of five-year-plan performance). The ENTIRE ICE INDUSTRY will collapse as cars enter the "refrigerator" model. All those stories you hear of Teslas never needing maintenance? Well, when's the last time you did maintenance of your fridge? Or your dishwasher? For MOST people, that is NEVER (even though BOTH have "recommended" maintenance). YES, you CAN build a BEV that needs as much maintenance as a dishwasher or refrigerator. BUT ... the industry CANNOT EXTRACT the amount of money from people in a capitalist, "free market" system that the shareholders expect. The 100% tariffs on Chinese EVs? The MASSIVE disinformation campaigns? The poor-performing EV chargers (non-Tesla you will notice, Superchargers are incredibly reliable? Ever notice that?). Big Oil and Big Auto are fighting hard and DIRTY to prevent EVs - but it is already too late. In twenty years, people will look back at the "ICE ERA" and go - WOW, WERE WE EVER SCREWED OVER! It's ALREADY HAPPENING in Norway. "Adam Smith" always wins, the Luddites ALWAYS lose.

[@NanoMechs]

What year & model truck are you driving?

[@erickieffer4639]

If you know anyone in the car business the you know how cutthroat their tactics are with the buying public. Thieves. Let the market crash and buyer beware.

[@tteehenderson8341]

They sold me a 26k lemon. Let them suffer too. Stay in a dealership all day too get rip off. Toyota suck and cocktail and shady and pricey

[@LeonBarnes85]

A lot of these dealers r watching the EV market ....waiting on it to die out n for consumers to come back to patrol but it's not gonna work there too expensive

[@frankcansler8066]

I'm not sure this isn't the plan. Alot of company ceos are ruining what was striving manufacturer's . Once you can't get anything you'll take whatever big brother will give you. Whole time "they" are still getting paid.

[@kimpinkham5804]

60,000 for a wt get serious bac🎉to the future 2008

[@yuriboguslavsky8868]

Zero sympathy. Manufacturers do t make any dealer charge insane markups and force ridiculous “packages” on customers. Tough. Deal with it now.

[@oldcars46]

I used to live in Auburn Washington and it was called the little Detroit of the West because it had so many car dealerships in it I've seen at least 10 garlic dealerships used and new cars go out of business

[@dampergoldenrod4156]

Go to a place like Pittsburgh or Detroit or Cleveland then you will know what the crap hole of the United States is..

[@Jay_Dee1911]

Hey Dealers…learn to code

[@LCculater]

I think it’s funny and serves them right

[@marcinlos2562]

What dealerships are closing? I am in Edmonton area. If you gonna say it please support it with examples?

[@ES-nx7hl]

The dealers own this. No sympathy.

[@CandlestickTV]

They cooked

[@Press1for]

NF'sG.....ever

[@nobsatthistime]

I will say it again i was at the Toyota Dealership last Saturday closing on my new Toyota and there were 2 other buyers there doing the same. They are selling so many cars that they are back ordered anywhere from 4 to 6 weeks. Also the Salesman i was dealing with had 3 other sets of owners manuals with Key Fobs for people coming in after me. I am from the USA and i really have not seen any Dealerships closing even the used car guys seem to be doing well. As for price there is no mark ups you may be charged the MSRP but that's were it ends.

[@dampergoldenrod4156]

I'm wondering if these brics countries will ever start manufacturing their own vehicles where they are not obsessed about saving gasoline because countries like Russia and Iran and many other countries are replete with petroleum and do not need to save a few ounces and wont design cars with all kinds of weird destructive gimmicks to save a crummy few ounces of gasoline like Western countries do

[@marshaclifton1535]

People need a car that they can live in. Not a sedan

[@MarioLuigi-vb3rp]

Good bye Felicia dealerships ✌️

[@markholubetz]

Haha yes yes. yes

[@MarioLuigi-vb3rp]

@@markholubetz they were useful at one time when they would compete for your business and offer deals. Unless they get back to that they will fail eventually.

[@stevenwistort9903]

Dealer auctions may start closing.

[@drake_leo2152]

Cause they suck and don’t know how to sell cars

[@williamrose7184]

Cause they turn down a $55,000 offer on a car that should only be 50. They have it listed for 69. Ahahahah ahahahaahhahhahahaah….

[@markholubetz]

They are lost in the haze but are starting to feel the burn

[@dmimcg]

E bike sales are BOOMING- here and in Third world countries. Oh wait, North America is now a third world place. And my E bike has nitrogen in the tires too!@

[@tedll75]

What dealerships have you seen close?

[@edwardkrochmal8268]

When people stop buying vehicles will lower the prices. People bitch about food prices, stop buying the product. Manufacturers see people just buying no matter what the price is. Do you really believe Manufacturers will lower the price?

[@rickmcsheridan4949]

Buh bye thieves zero sympathy for them.

[@frankiebflat5728]

Damn

[@markholubetz]

Welcome

[@looneyyang1326]

karma 😂😂😂😂😂😂😂😂😂😂😂

[@sandorvarga.6982]

❤