CAUTION! Buyers Clueless When Buying These NEW Vehicles! 

Here is an interesting scenario. A neighbor made an offer on a leftover 2022. The dealer still has eight 2022 models on the lot. Our neighbor put the VIN for an "instant cash offer" trade in value on KBB. They took that number and made an offer on the 2022 model, with contingencies. The vehicle had a November 2021 build date. The dealer demanded MSRP, which was NUTS. The vehicle is almost three years old. They told the dealer that the day they drive it off the lot, it is an "old" vehicle. The dealer again told my neighbor there are no incentives for the vehicle. So, our neighbor asked for 5 new tires (the spare too), all fluids and filters changed (engine oil, brakes, trans, coolant) as well as a new battery. The dealer told our neighbor to "get lost". Amazing. And they wonder why their lot is packed with what you call as ... LOT ROT. Cheers.

There's a cdjr dealership here in Phoenix that was trying to sell me a $42,000 Grand Cherokee with 3,000 miles on it and tried to tell me it was new cuz it's never been registered 🤡.

EV mustang is an insult to Mustang Name. For Maverick is over priced. Should be starting at $15k

You're absolutley right. Rodents may do some serious damage to certain components/wiring. Perfect nesting area for birds, rats, porcupines, raccoons, mice, skunks, ferrel cats, squirells, bees, wasps and so on.

Thanks for exposing this. Very true. I worked for GM, Pontiac Cadillac store, worked my way from washing cars to service manager; including ASE master tech. First thing I saw on old stock was batteries. Charging was futile. The trim would literally bleach out in the Florida sun. Finally, we had a dark blue Bonneville brougham that for some reason, sat so long, it could not have the horizontal surfaces buffed anymore and actually had to have the deck lid and hood/ tops of fenders repainted.

These EV's crash even further when Trump gets back in.

Big Mac, screw that. I went into a 7-11 today and they wanted $3.50 for a regular size snickers. Jeebus Christo

Mfr. "cost cutting" quality, reliability and customer service/satisfaction is now coming home to roost.

Those Nissan Rogues aren't selling because it has an overly complex engine and transmission.

These are excellent points for the buyers, thank you for a very informative video Mark. I didn't think about this for some reason 🤔. WAY TO GO MARK

Saw 3 'new' 2023 Jeep Wrangler JL Unlimiteds listed that have been for sale for over 500 days!!!

You forgot to mention the fluids that go bad and deteriorate over time...oil is only good for up to a year without needing to be changed regardless of if it was used. It breaks down exposed to the environment. Have to have the oil changed before you purchase it or immediately upon purchase to ensure no engine damage due to poor lubrication.

What a mess!! Why were so many vehicles built ahead of time before they were sure they could be sold. These are some pretty expensive mental errors! It's hard to believe this could happen. The same thing has happened in housing...especially during the recession of 2008 - 2009. There were literally hundreds /thousands of homes built that sat there empty for many months...if not years. It all comes down to "GREED."

yeah. look at people buying trucks for 80k or so... super over priced... buyers are clueless.

Ev's are great to commute to work and to use in the city, at this time that is about all the ev's are good for.

This -thanks for giving us tips on what to look for. This "lot rot" on new things from sitting is true of EVERYTHING, I noticed. You need to watch with "sale" items everywhere. I've gotten sneakers (two pairs, one right after the other) that were new that were dry-rotted from sitting in warehouses (not necessarily noticeable until I start wearing them , and in fact, wasn't even thinking that way when going to buy NEW anything. A used car, a thrift store pair of sneakers, you are looking at things that might give a clue as to the condition based on wear. Brand new? No way, you're not thinking that way. Now you have to be. For example, those apple AirPods they had on "deep sale" lately? How much battery life are you going to get out of them. Remember, they're lying, the economy isn't good, nobody's buying anything except what they need, so when you get to the point where you eventually NEED a car, this is something you have to look for.

Small town used homes are 400,000. Nope I'm out.

I think the best bet for manufacturers to get rid of all these cards would have to heavily discount them. Would manufacturer incentives like 30-40% off 0% etc for these 2 to 3-year-old cars?

There is going to be a lot of recycling with these vehicles not selling they sit rot rust, paint fades, tires deflate, bird craps, dealer lets them sit and they don’t care figuring they will sell all of them real soon, days turn to weeks then months then years, dealers are like why are we not getting customers? our prices are the best, best deals, best interest rates, the best for the rest, customers inquire offering a lower price dealer says NO this is the best price, customer leaves, next customer comes they make offer, it’s less than what dealership wants they leave, Vehicles don’t leave the dealerships, it’s really bad

In almost every way you would be better off buying a used 2022 than a brand new one that has been sitting on the lot that long.

Talk talk talk saying nothing

I always felt that if these vehicles would not be used and are just sitting around what happens to the electronics after a while. It definitely can’t be good for them

These cars should be Priced at 18k to 30k!!! Manufacturers should have to add 5 years bumper to bumper!!! Take the cost out of the CEO's bonus😂😂😂

I want to order a new jeep and every dealer hated talking to me. The ones I talked to were trying hard for me to buy a lot car . I walked Some I gave a bad review for trying to con me . Yup

I learned the hard way that all tirres carry date codes on the sidewall showing year/month of manufacture ,and they will perish just sitting around in the garage. My tirwe place won't install any tires more than eight years old

The problem is there priced to high enough that that only the people who are in the good position who can buy these vehicles and then you can’t get the guy who’s income and life style follow along of that. Ever new vehicle is 10 to 20k overpriced

Corporate greed!!!!!

Great video covering tires and batteries. The pandemic supply chain debacle wave now produced a glut. Crazy!

Overly sophisticated vehicles with heavy use of electronics are reliable until these features start to fail. Then they all start to see multiple failures happen with higher repair/replacement costs. Older and or lesser complex vehicles may have more general service needs or repairs but are often easier and cheaper to repair.

Buyers beware. They are asking for too much money, I'll wait two more years.

I make it a rule that I will not buy a vehicle newer than 2004 to 2010ish. Id rather have a vehicle that doesn't require a computer that warns me the fuel door is open and will fail an e-check thus rendering the vehicle unregisterable until fixed. The newer it is, the shorter the planned obsolescence period.

Exakt. Allt behöver röra på sig / underhållas

Solution to lot rot for dealers will be Charge more for it as a dealer installed option

Fords new trucks with the ten speed transmission are blowing up ! Look it up there's huge problem

It is surprising to see Porsche vehicles lined up in the lot just like the rest....Starting to look like Dubai!!

The Maverick Hybrid and non-Hybrid is the top selling pickup truck today

A number of years ago, a nephew of mine bought a Subaru in Florida (lives in NJ) that has sat on the lot for a long time. He had to replace the tires not long after he bought it due to 'lot rot'. For sure many issues can come from a vehicle sitting on a lot for many months. Buyer be educated.

Buyer beware..Wife blew her transmission in her Altima. Waiting for parts. Her new transmission installed is going to cost $6-7k Canadian. What a joke!!! NEVER AGAIN NISSAN!!

5:55 lot tire rot is what caused many Russian vehicles to break down in the russian invasion of Ukraine causing a 40 kilometers long parking lot in 2022 invasion.

Name the manufacturer(s) who says the warranty starts on the date production. I call BS on that comment.

@2:48 - "1.5 million" Grated, that's Canadian Kopeks. What's that, about $75K in "Freedom Bucks"?

Want to know how long the cars been sitting on the lot? Simple, check the bill date on the vehicle inside the door. This will give you a pretty good idea.

my 2010 f150 royal red still shines like the day it was new and has been outside its entire life.

Worse are EVs-if the batteries stay at less than 40% of total charge (for over 1 year); the batteries will never take a full charge....then you are looking at $16,000-$22,000 replacement

How many days on the lot before you say the deal isn't worth it?

In Bristol England, there are huge fields of cars which have been shipped into the country and are sat there waiting for distribution to dealers. So your new car is probably rotting before you actually buy it

Batteries wear out prematurely if they don't get cycled. AC compressors can go bad when their gaskets go dry when the freon is not circulating.

Vilka 2 system i ett fordon underhålls sällan eller aldrig?????. Broms systemet och kylsystemet.

Its 2024 already where are the flying cars we were promised, that's what I would like to know!

CDJR will not be around long enough to honor any warranty. I dont see them surviving the year.

Most tire manufacturers only allow 6-7 years on the road. 8 years is my max. A tire that separates at speed can remove a fender or quarter panel of a vehicle. That can cost thousands in sheet metal and paint.

Lol these dudes make the same video everyday

This is an important episode....and to your point...The sun!!! UVC rays are getting through more every year...and it shows....Things are breaking down faster than ever....and yes.... recycled materials are a huge part of this issue as well...

This could be a 1 min video

Great points!

My neighbor in Prescott, AZ, had his Rubicon wiring chewed up by rats. $1700. in repair (2016). My folks who lived just around corner had GMC truck wires chewed($750 repair).

Tires expire 6 years from the date code on the sidewall.

I’m more worried about mechanical issues with engines, transmissions & the like just SITTING for months

Just got wind of a new trick. Went to get an OTD price on a Durango. Dealer hemmed and hauled, then offered $30K on a at best $23K trade-in. Seems like they want the record to look like they are holding prices.

Lot Rot also affects internal/engine parts. I purchased a brand new 2024 X6M, and 2 weeks later had fuel pump replaced also battery was discharging. The car was 100k plus and even all was fixed replaced, it was a victim of rot lot

2024 wranglers now have side curtain airbags for rear passengers. If anyone cares about their passengers nobody would buy the older models, making selling the older wranglers that much harder to sell.

Nothing selling due bloated price point. Industry getting a much needed wake up call. Got silly buyers buy high, dealership will continue to price gouge 🤬😡

It's the same story with Harley Davidson. I saw a brand new 2 year old bike on the showroom floor. And of course the dealer decided that it needed their cheap aftermarket bling added. They were still asking over list price, as well as the parts markups. After 2 years had gone by. Good luck selling it.

It's channels like yours are keeping us informed.

Great info / video, thanks!

In Arizona, tires dry rot fast sitting in the sun. I usually have to replace my truck tires before the tread is at the wear bars because of dry rot. 2 or 3 year old tires sitting in the sun will be trashed.

Most tires are good for six years. I have heard that Michelin will last 10 years.

Buy a good used vehicle

I don’t think that ppl are talking in consideration the ‘Lot Rots’, they want the latest and at the end it’s going to bite them in the ‘A**’.

Wanted a 3500 Ram, but had to move on. Can't afford it new or used. Now I despise the brand.

When the OEM's sell expensive crap, you win an expensive prize.

"The f150 is not selling well" and yet it is the best selling car in the market.

If you don’t like EV’s then don’t buy them. Why get mad at people that do..

Stop. No. No manufacturer starts their warranty on the build or delivery date. They’re all started on the in-service date.

By now I think the world knows that vehicles are not moving off the lot. Gets boring and really who cares? Until they make the prices reasonable and lower interest rates…. I guess we will continue to hear these repetitive videos. But thanks for your time and input. Cheers

Give me a manual transmission, manual window, no AC, manual lock, steel wheel S-10-like vehicle with no computers for fair market value and I will buy two immediately.

This guy makes some good points,... when cars sit on lots for a long time, they are exposed to so much wear tear. Might as well buy a 6-7 year old garaged car.

Yep, lot rot, and along with the "decomposition" comes fledgling depreciation. But no real deals. Too many add-ons to cut that MSRP. And on a side note, Jaguar, Land Rover break down in the show room, some on the car carrier from factory to dealer lot. Low quality and cost by OEMs. I remember when Cadillac and Lincoln had their own separate divisions with few shared parts from the Chevy and Ford parts bins. Now you can buy a Lincoln/Bronco Sport/Escape and get the same low quality, and mechanical issues.

Good stuff !!

why don't you ever film at Mazda or Mitsu?..... there is lots of dealers just a street away from Dodge and Ford.

damn

FYI, a rabbit is not a rodent

I feel like I need to trade my man card for an EV

Mickeys new condos

Well it has a lot to do with pricing lol. They're all out of touch

Lot rot is real. Before you buy a new car make sure it hasn’t been sitting on a lot for several months or even years without any maintenance.

The problem isn't the cost of living but rather people's inability to manage their own finances in life

GMC starting to look like Fords🤣🤣🤣

Thanks for the informative report!

I purchased a certified used Volvo back in January in San Francisco. It had been on the lot since September. Not crazy but about 100 days. After driving it a few days I noticed that there was vibration in the front when braking due to warped rotors. The dealership stated this was due to inactivity. They did fix it for free, which I appreciated. But it also shows that if a car sits mainly unused for months that things can start to go wrong.

EV market will drop to almost zero. Why? BYD in China sells their EV's for 1/5 of the price of a Tesla! Yet, they can't be bought in US / Canada now - and when they are available, there will be a 100% tariff on them. This angers US buyers that want a decent deal - and are severely strapped now because of Bidenomic Inflation.