This month Ram pushed discounts in my region. I saw Ram 1500s off $8000 to $12000, but they are still much higher than they were 3 years ago due to the fact MSRPs have gone up so much as well. So I’d need them to mark $15000 off at a minimum to get to where we used to be.
I was hoping someone would mention this. $10,000+ off is still much more affordable than the other brands but with insurance, maintenance, and MSRP where it’s at I still can’t justify a new Ram 1500. $900+ monthly for almost a base model truck just doesn’t sit well with me. And that’s before I pay for any gas lol!
Why should we expect prices to go back to 2019 levels? Or do you believe even with wage growth, increase in cost of raw materials and energy over the past 3-5 years it still costs no more to make a vehicle?
I just bought a 2019 Jeep Cherokee High Altitude with 36k miles for $25k. Thanks to CarEdge's advice, I was able to negotiate a $1200 accessory charge to $0! They gave me a hard time but I stood my ground, thanks Ray and Zach for providing us with all this great knowledge.
Thank you both for all your hard work and information.I am sick and tired of the greedy companies taking advantage of the American people. COVID is over. Quit ripping everyone off. People need to wake up and put a stop to this.
The dealers are addicted to the profits now and want to keep the party going. The buyers need to have an intervention and force the dealers into rehab.
I looked at a Ram 2500 that had an abandoned bird nest 🪹 on top of the rear end. That truck sat there long enough to build a nest hatch the eggs and raise the young! 😂
Right?! My husband is still driving his 2007 Tacoma. There’s lots of trucks that he likes, but refuses to pay these prices…even the used ones are ridiculous
Where are these $80k trucks though? I've been keeping an eye on Tacomas the last half a year and they've stayed roughly around $45k and I'm told Tacomas are some of the most coveted trucks.
Something fun. Those "new" trucks that have been sitting on the lots for a year. Plug in the truck specs to see what their actual trade-in and retail values are. I did that for a couple, and the ones I looked at are 3-4K over their retail value still. Their trade-in values were over 10K less than what they want for them. Totally not worth buying a truck that's over a year old as a "new" truck since a newer model year is the same price at the same dealer.
Take it from a car sales manager, check what you could get for a loan somewhere else, negotiate the trade while denying any trade inquiries, then negotiate the trade, and go into finance knowing you have a rate from a credit union in your bank pocket. Boom, best deal, oh and never sit down. Ever.
I have been trying to get a 2023 Yukon XL or a Suburban and the prices seems to be increasing during my 2 weeks research. They are adding to MSRP then some. I’m going to try to wait them out and hope you are right that the cost is going down
The problem is,the longer you wait,there will always someone will buy it even with a high mark-up and added hidden fees.dealerships knows this thats why mark-up will stay and will go even higher for a new cars.only used cars can be negotiable at this moment.especially if the one you wanted is on high demand and low quantity production.
$5000 profit per car is still way too much. Unfortunately, the brands I would consider buying is shrinking rapidly. I will only buy cars from brands that did NOT screw over customers during this nightmare. People, remember who is price gouging and never buy a car/truck from them ever again. Make the dealers regret their greed.
I bought mine under invoice with X-Plan and a$750 rebate. Many people ordered MSRP. There were even dealers selling them at 3 percent under invoice to build up allocations for future model years.
Toyota and Honda are not going down. they are purposely producing very low numbers in the cars under 30,000. I have walked from 3 dealerships when I can find a car. I put a deposit on a corolla in build phase. That I had to fight to get half the DDF taken off full MSRP. deposit fully refundable, but impossible to find the car I want with options I need due to production. This was the one car with-in 250 miles I could find which is still in production phase. OEM not showing any real plans to produce more.
It's not collusion. It's just supply and demand. When there are more supply than people who are willing to buy, sellers must lower prices to get more sales. What's causing demand to go down? Higher interest rates. People complain about inflation and want prices to go down. Well, you got exactly what you asked for. The way to do that is for the Fed to raise interest rates. The higher the interest rates go up, the fewer the demand. Auto makers will eventually be forced to give deeper discounts and offer incentives. If you don't NEED to have a car, hold out as long as you can. You will be rewarded for it.
I love that Tesla actually really cut their prices such as on model Y from like 64k to now starting in the 40’s. I’m getting one shortly due to this adjustment.
It used to be the norm to get rid of the previous model year when the Calander turned. Judging by what's on the lot at most dealers I've visited that is no longer the case.
I sold my corvette c6 and toyota avalon when the used car market was at its peak got great deals on them now am driving around in an old dodge grand caravan waiting on a great deal on a truck Ram limited night edition or Chevy High country (1500)
In the market for an f250. Dealers are not coming off msrp but at least they aren’t marking them up. I don’t see heavy duty trucks going down any time soon if ever.
Ah, join the growing crowd that is finally noticing that it is the same message for the last 3 years-----don't buy a car. I seriously doubt they will ever say NOW is the time to purchase a car. It might be part of their business model. I don't know. Yes, prices are out of control but does anyone really believe MSRP's will decline? When have you seen that happen. They Always go up never down. Just like the things you purchase at the Super Market. Either the size of item purchases has declined or the price has gone up. IF, and that is a big if, there is a modest MSRP decline there will be a concomitant reduction in amenities and/or quality of the product. THEY WILL NOT REDUCE THE PROFIT OF THEIR PRODUCT.
I'm pouring $1500 into my 2007 Honda Accord to get it back in good condition for driving. Trying to stretch it for another year or so. I know $1500 seems steep, but I'd be spending that in 3 months for these crazy car payments. I'll wait!
We are sick of Stealerships, nitration in our tires, hand painted anything, BS packages added that we never asked for, and worst of all wasting my Fing time. It is far easier to buy direct from Carvanna/Tesla than deal with any stealership.
Have been looking for a replacement pickup for weeks and 90% of dealers I have dealt with would not budge on price. Two did, but one actually sunk the deal over $400, sold it to another dealership in their ownership group, rather than making a quick cash sale. Also seeing dealer invoices list a car as being discounted to the asking price from a number much higher than what they initially listed the vehicle for sale at. Fictitious discounts designed to truck consumers into feeling like they got a deal, but the educated consumer knows better. Having a terrible time finding a good deal right now despite what you guys are saying. Not finding deals here in Texas.
The business model of producing fewer but more expensive cars could kill the dealership model. Laws will need to change but if the only customer group the manufacturers are catering to are wealthy, there is no need for dealerships to sell new cars. Just order custom from the factory like the tesla model.
I checked the Subaru dealer here to see what the situation was and they had very few new cars on the lot and a big waiting list. You have to put a refundable deposit down, tell them what you want and then wait until it comes in. They said wait times are around two to three months. They said you have to pay sticker. Is there really any wiggle room or is this the reality now?
@@FizzBuzz-ce9wz the problem is there still not getting what they want at auctions so it's no sale...no sale...no sale so that's not working and the only thing that will work is they drop prices alot close to half and with high interest rates it's not happening
Their inventories can only keep going up to a certain point then they’ll have to cut prices so they don’t go out of business getting all their new cars taken in bankruptcy because the dealership sold none of them. 🤦🏻♂️ No the interest-rate will stay high no matter what because of the federal reserve not using in the inventories will pile up and they’ll have to cut price or they’ll go belly up
8:37 People don’t notice $100-200 price drops per month when it’s a $50-60,000 car purchase on a loan, and you have increasing interest rates affecting monthly payments. Are cheaper cars getting $100-200 monthly price cuts?
I really enjoy your videos. Certainly I’m a car enthusiast and like your info. But I also just enjoy the awesome father / son relationship. You can tell the son has leaned so much from his Dad and has become his equal and both are grateful for each other. I never had this type of relationship with my Dad and I just really love seeing what a solid father / son relationship is. It’s perhaps more enjoyable than the content which is what drew me to your videos. I’m seeking a used sports car. Would love to find a good one for say $8000 but certainly understand I probably need to spend a tad more than that. I’m focusing on a 350z convertible because it has great reliability and low maintenance costs. I’d prefer a 370z but the prices on those is bloated. Will I be better off waiting until winter? I’d prefer to find one between now and October so I can enjoy it a bit this year. Could you guys find me one to sell me at your dealership?!!! Thank you for the awesome content.
I got a 2023 KiA forte GT Line. The market Adjustment ask was 28500. I got it for 22395 using what I learned from Ray and Zach. Its a great story how I negotiated. Ray would be proud, id love to tell them my story. Oh MSRP was 26010
Thanks for the info. Had to buy a truck. The wife was hauling gardening supplies in a model y. Here in California I overpaid for a 2020 tundra with 50k miles. $38k. Had to do it. Keep up the good work.
Even if we get $10000 incentives to buy trucks and cars it still will not be a good deal to buy their cars and truck dealers have made their bed and let them sleep in it
@@eduardohemi6091 same, its crazy how many new cars I see on the road in socal. Most of them can't really afford them. You see all kinds of tesla owners doing uber eats and instacart.
Gents, do you think car manufacturers and dealers decided COVID was the perfect distraction to reset the car price market? I mean, I can’t pinpoint any other specific event that caused prices to balloon like this. I think they’ve screwed themselves because a lot of people won’t buy at these crazy prices, especially with interest rates as ridiculous as they are.
I think the student loan pause played a major role in this. That's why I'm waiting until next year. When people have to start paying a car note and a SL payment, I think not only will there be a glut of used (repossessed) and new cars, it might be enough to send us into that recession everybody's been talking about.
Chip shortage, inflation, demand...etc I suppose! When COVID hit everything was dirt cheap and after I call it the "great reset" now prices are ridiculous!
I really hope cars get more accessible, I feel like production numbers play a role in margins as well. The dealership by my house never has new cars where they used to have a ton all the time. so maybe some of these companies are making double the margin but they aren't making anywhere close to the amount of sales they used too though. I am afraid this dealer will close down soon.
We are in Illinois about fifty miles south of Chicago. My wife's 1999 Lexus RX300 had a burnt valve failure at 391k miles in June. Since she's owned it for fifteen years and got her moneys worth, we decided to go buy a used 2015 - 2017's Lexus NX200t are going for mid 20's with around 100k. I just couldn't do it. I was had ball negotiating and peeing many dealers off to the point where they would tell me it's sold. No dealing still. They all say they paid more for the car. On top of that all used cars in Illinois that are over five years are starting to show signs of rust due to the salting of the roads here. Toyota dealers cannot get new cars so what are they doing to stay alive? Certifying every piece of high mileage crap just to offer the customer a 12 month warranty to make it more palatable. We got so sick of the process we decided to look at what new cars were available. Hyundai and Mazda have quaite a bit of new inventory probably because most are shopping Toyotas becaus ethe heard "Toyota lasts for ever." is my guess. We looked at the 2023 Mazda Cx5 in the prefered S trim but I don't like to direct injection since we keep our cars for 15 plus years. I got so frustrated with the entire scenario I ended up fixing her SUV and said lets wait it out a year because I am not paying these used prices.
I like how the title of half the videos on RU-vid are some type of direct order, aimed at a person the creator doesn't know, making the grand assumption of their place as someone in a position of leadership and power in the lives of people they've never met.
There has been alot of inflation due to the pandemic and panic buying. I think things will even out but trillions of dollars were stolen out of the economy to hand to the wealthy in this country. They made a ton of money with this pandemic and who is stuck paying? Donald Trump and Joe the Plumber as usual.
I want to see at least 40% of dealers go bankrupt. Then maybe I’ll buy. Maybe. So many used cars for cheaper prices why pay for something that is depreciating in value.
They are hoping the same for you, as you want many of employees to lose their jobs that have nothing to do with selling the vehicles. Office workers, maintenance workers, swap drivers, mechanics, the people who clean the vehicles.
@@rotart12arx3they are hoping the same for you? So they want us to go bankrupt for these crazy prices? And you want us to have some sort of sympathy for them?
I had a dealer tell me that they just wanted to get rid of a Honda Pilot 2023 Touring for $45K, $3k under their listing price, no add-ons. However, we had a death and the family and I was unable to make it to the dealer that day. They didn’t sell it over the weekend so I’ll try again next month.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...." ~Thomas Jefferson
Dodge Challengers/Chargers right now from the dealers have zero wiggle room. They are sitting on inventory for months. I have tried to negotiate for 3 months now to get a challenger and not one dealer is budging
Obviously, if you don't need to buy a car, don't. People should and mostly are, keeping their cars longer. It is WAY cheaper to keep an old car running, than buying a new or even used one today. If the wheels fall off, have someone put them back on and keep driving lol. Buying a newer car is exciting, but if you have to stretch to afford it, it will end up causing way more grief than joy.
Exactly........I did buy a new Ford F350 last August after selling my eleven year old truck with over 200000 miles on it. I like keeping my trucks ten plus years before thinking about buying a new one. I don't need to keep putting big bucks every couple of years into a dealer's pocket!
If only there was an alternative to car ownership in the US. I find it hard to be sympathetic to the middle-class who can no longer afford cars; car debt is what low-income people have experienced for decades after public transportation was gutted in the 1960's.
@@langhamp8912 Well, if middle class can't afford something, there is a problem. Lower class are usually there for a reason. You don't live a good life, try hard, have motivation and ambition and end up in the lower class. People end up in the lower class because of bad decisions like drugs/drinking, incarceration, dropping out of school, anger issues/ lack of effort etc.. In this country, if you try you can succeed.
@@micker9830 If you can't afford to buy a car, then you're part of the lower-class. A car is, after all, a necessity, and people who can't afford necessities without demanding the government give them handouts to afford these necessities aren't really part of the middle-class, are they? The reason you cannot afford to buy a new car, with cash, is because all those things that made you middle-class went away.
@@langhamp8912 I can afford a new car easily I'm I upper class financially, not even middle class. I'm saying it's financially better to just keep and fix am older car. One reason people don't have money, is because they spend money on things they shouldn't, because they think it's going to make them happy. It ends up making their lives worse.
Guys , what about Labor Day? Thoughts on waiting ? I have been without a car for 2 months , my wife and I have been sharing hers but it’s getting to the point where it’s stressful, of course I don’t need to buy one right this second but I lost my car due to an accident back in early June , so I have been doing research and yes I’m signed up on CarEdge , but I’m getting nervous if it’s worth waiting a few more weeks ? I’m pre approved from my credit union and they even gave me a list of dealers they approve with straight forward pricing which is nice. I just don’t know if it’s worth waiting 3-4 more weeks , I definitely can’t wait for the end of December🙁
Similar boat here. Gave up my lease during the start of Covid and hubby and I have been sharing our pickup for 3 years. Just adopted a kid who will be going back to school soon. I don’t think I can realistically wait until December. Been looking at used Nissan Rogues near me and they seem to be pretty decent deals. I guess the latest I could wait is until Labor Day but can’t be on one car while kiddo is in school and hubby is back in the office 4 days a week (I am off on parental leave until Oct), wouldn’t be fair for him to have to leave the office every time there could be a kiddo issue.
I definitely understand. My son doesn't have a vehicle and I'm trying to wait until September/October to get a used Mazda and give him my Impala. Don't think I can wait until the end of the year, especially if it's not a guarantee that prices will in fact be better.
Today: "Don't buy, dealers are being FORCED to lower prices!!!" Next week: "Don't buy, dealers are being FORCED to lower prices!!!" Next month: "Look at these ADM stickers, dealers will be FORCED to lower prices!!!"
The best we can hope for is that people don’t buy the high-end cars that manufactures chose to produce when the buying public wanted and needed low end and mid price cars so let these expensive things sit and get light rust lot rot and wait until the manufactures decide to peel back and make cars that people want.
That doesn't work under the current CAFE laws. Small cars are expensive to research and build because they are quite difficult to get high MPG. The domestic car companies lose money on every small car they build, and only built them to keep their fleet MPG high. Enter the light truck which are exempt from CAFE standards. Now you can build an expensive vehicle for cheap because it doesn't need fancy technology to meet CAFE standards.
People have to get to work whether there is a checkered tablecloth on the ceiling or al Cantara or the bs fabric of the week they are pushing on us. There are very few people in America who buy cars out of convenience instead of necessity in the past few years.
@@langhamp8912 What huge,steaming pile of horse shit. We have a SMALL CAR ( a 2015 Ford Fiesta manuel transmission) that gets nearly 40mpg!! And of course they stopped making these. All by design.
@@reesedaniel5835 For your specific subcompact vehicle, the regulatory CAFE MPG is 45 mpg for 2020, 47 MPG for 2023, and more than 50 mpg for 2025. The calculation for your car can be found at NHTSA Cafe standards and calculations. Yes, car manufacturers could spend more to get a small car like yours up to the required MPG or they could just make a long-wheelbase light truck, sell it for double your car, and call it a day.
I don't plan on buying a car until 2024. Hopefully by then these greedy car companies will realize that people aren't buying and to lower their prices.
I have to say I love and respect Ray. Back in the day when he was working in sales at dealerships I would have loved to buy a car from him. He's so genuine and straight forward in how he talks with and to others. A rare commodity in both the car industry and the United States these days.
Yes, but he regularly talks about all the tricks he and others used to use to increase profits, so would you really have gotten a better deal from Ray at the time?
@@VideoArchiveGuy Nope!!!!!!!!!!! He is now on this platform and "selling" a service to us consumers. Much appreciated for sure. But back in the day, his job was to maximize sales and profits for the dealership.
Dealers will be forced to lower prices t normal levels. i got a call today from a dealer who didnt want to lower their price at all on a car I was looking at. Today the call said ok we can give you $1000 off and I laghed and told then not to call me until they lower it by $4500. They are way overpriced.
Okay, arriving at an acceptable value for your trade in is NOT going to work because you will NEVER get an acceptable value for your trade in from a dealer. (blue book trade in value as acceptable price) In order to get an acceptable value out of a trade in vehicle it has to be a vehicle worth less than $500 to anyone. I have never heard of anyone getting a fair price out their trade in from a dealer.
I have, several times. Will you get what you could selling privately? Of course not. But are you willing to go through and fix items on your car, take the risk of a private buyer giving you a bad cashier's check, dealing with looky-loos, possibly being held up or carjacked? For me, the price differential more than makes up for not having to hassle with that, or advertising on web sites and dealing with all of the spam and fake requests generated there. Don't forget that in most states you only have to pay sales tax on the difference between the trade-in value and the price of the car, not the full price of the car. So in pure numbers, it will never make sense. Taking hassle into account? It's a personal decision.
Just spoke with salesman. They won't take cash for a used car, or even outside financing. It must be their financing at their rates. How crazy they won't take cash. .
Padded financing is how they are making lots of extra money off the work slaves nowadays. They are in cahootz with certain segments of the bankster industry. Say you have excellent credit and get a 6.5% interest rate. They will mark it up to 8% and skim the extra. Big money for these criminals.
the real thing is this, why do we expect business that are working to get profits on their activities to care about their customer? they seem to only care when they want to sell us. but they dont seem to recognize that customers have financial issues of their own, that will reduce their interest in vehicles. the best we can say, is that dealerships for mercedes are really rare in most of the south, mainly cause there are very few customers for them there. beyond that we customers should expect nothing. but extremely surprised when a business will do more than they have too
I recently got a lease quote for a "cheap" 2024 Chevy Trax $23K MSRP...great credit rating, $6,000 downpayment, 36-month lease, 10K miles a year...they wanted $466/month!!! RUKM?!?!?! That's a hard pass!!! I haven't had a car in over a year because of the prices and I'm guessing it's going to be a little longer without a car.
We have been hearing about dealer profits over the past two years and we have been hearing the manufacturers have boosted MSRPs over the past two years but I have not heard if dealer invoice prices have changed over the past two years? How is MSRP decided, is it Invoice plus a fixed percent? It probably varies by make and model but is there a general guide? And are those profits for the big six before or after incentives?
co worker just bought a MSRP f150 $61,000 for $33,500..! The salesperson did not bring up the discounts until he said what are the discounts, rebates etc............still I thought that was great:)
When I see 2022 brand new, red flags start going up in my brain. Like what is wrong with those vehicles and I would immediately pass them up. Market adjustment of 50,000 grand 🤑
the website needs updating. we've been looking for a kia forte for my sister. i sort the results by days on market, and every dealer we contact says the cars are sold and not available.
There’s also a “new normal” set in. In 2019 dealerships had inventory on the lot and manufacturers were producing plenty of cars. Now, the idea of waiting a year for an allocation is much more normal. The manufacturers are moving to a JIT manufacturing process where they only make cars that are ordered. Dealerships continue to sell at a premium for the 3 cars they have on lot because there are people who want and may need to buy a car. MSRP and premiums will continue. Bring in government regulations forcing the phase out of reasonably priced gas cars in a couple of short years for overly bloated EVs. Manufacturers are moving to eliminate gas cars already in 2025/2026. Last would be performance car variants. Those are limited upon limited. Long waitlists at sky high prices are the only way to try to get something and many aren’t even guaranteed often with heavy nonrefundable deposits and MSRP+ pricing.
We are going full time RVing later next year and we will need to order a F-450 but right now it builds out at 100,325.00 . We are looking for the platinum and none of the dealers have these on the lots. Probably because they have 100’s of F-150’s that are over 100,000.00 just crazy. Thinking we should wait since we are not desperate yet
Zach and ray was watching the show you did a couple of days ago with the incoming storm..then Zach gets up to adjust the blinds and he’s in shorts and socks 😊👍🏻👍🏻 Love Love Love the relaxed approach you guys take to these serious issues. The points you all stress really sink in and the show feels like I’m in the company of good friends while I drink my coffee and have you all on my 80” screen in my living room. Keep up the outstanding show and will definitely use Car Edge on my next vehicle purchase.
$100 to $200 a month drop in prices is nothing, peanuts. Prices are still way too high. IMO $50K for a new truck is too much and since the MSRP for a new truck is closer to $85K we are far far away from prices being reasonable.
I'm in Northern California. In past years buying used RVs, I found out that used RV prices were way lower in eastern United States. Twice I drove to Missouri and purchased late model used travel trailers, toy haulers for half price compared to California which made driving 2000 miles worth the $5,000 to $10,000 I saved. So, my question is, where in the USA is the best place to find the lowest price on late model used cars?
What some people don't realize is that lending institutions are enabling people who can't afford these new cars to buy them anyway. The payback is that many of these buyers end up defaulting on their loan because they realize too late that they can't sustain the monthly payments.
I bought a 1500 Ram ( modestly optioned) this weekend for 25% off MSRP, with no market adjustments to the MSRP. The price changes have started. (I know someone will write back that I paid too much)
I was looking for a suv, specifically 4runner trd Pro. I ended up buying a commuter 2012 camry xle with low miles 99,400. It definitely not my favorite but reliable and great on gas... I have cash to pay these ridiculous high prices, but I refuse to do so!!
So many people rushed to buy new cars, the used market went white hot. But, in a few years I believe the used vehicle prices will bottom out. And, over supply on new will drive those down. The market is in serious volatility right now as the bubble begins to burst like the housing market.
Ray, Zach. I'm going on vacation for 3 weeks. I plan to resume my car search when I get back so I might sign up for car edge and see what I can see. I just hope by the late months of this year Sep, Nov, Dec that it will be a good time to buy.
The savings from a made up profit margin is pretty damn stupid. The so called savings is made up and would be considered peanuts for 80K Pickup truck..
If the dealers are selling fewer units because of supply chain problems, they have to make more per unit. It would be interesting to see the differences in # of units sold with the info you are giving.
It's not supply chain , it's the Great Reset! They just "PRINTED" a trillion more $$ in fake paper money @ injected it into circulation! The pseudo word "inflation" means " print more paper- existing paper WORTH- LESS"!!
@@theflyingkaramazovbrothers6 I'm glad to encounter someone who still has a normal IQ. Evidently you don't watch CNN .... 🤣Yes they are scamming the public as usual. Claim a low supply of anything and you get the green light to raise the price to the moon.
If you find your deal take it. We recently had a baby and my 22 Gladiator wasn’t cutting it as a dad mobile (too small.) I paid $47k for it in 6/22 and only owed $16k on it. I traded it and got $43k. I went with a new 2023 Nissan Titan Pro-4x fully loaded MSRP $64200. I got it for $53k + another $1500 rebate from Nissan for loyalty (daily beater is an Altima Coupe.) So in the end I put down $30k and Nissan is doing 0.0% for 60 months. That’s a better deal than I could have gotten pre-pandemic.
@@kevinmach730 and let’s face it, no one wants any trucks right now except for Raptors and Mavericks (which isn’t even a truck.) you can find similar deals on Ram trucks right now.
Everyone I talk to that is thinking about getting a new car I tell them unless the car or vehicle they have now dies do not buy. Live with what you have until the manufactures/dealers bring their prices down within reason. The prices they were charging pre pandemic were bad enough. Get smart people.
Do you think we’ll ever see Toyota start lowering prices and/or offering a low interest rate for new vehicles like other manufacturers are starting to do? (Specifically asking about the 4x4’s…Tacoma, Tundra, 4Runner). I only hear you and others talking about how Ford, Chevy/GMC, Nissan, Jeep/Dodge are in a tough spot and will have to do something soon, but I never hear anything about Toyota….I guess they’re too good or too smart 😒. Thanks!
The dealer got a hold of me and offered me only $3,000 less than I paid for my truck 2 and 1/2 years ago with 25,000 miles on it. Toyotas are holding their values especially tacomas.
It appears this situation is an opportunity to drive dealers into bankruptcy and move to direct sales from manufacturers. Dealers are wholeheartedly joining into their demise.
It has been happening in the bicycle industry, as well. I'm sure it seems funny to compare it to automobiles, but the industry is similar because pricing, demand, and inventory were affected exactly like the car industry. Many dealers went out of business during the pandemic due to a lack of product and now many more are struggling to pay their debt from the last three years and keep and pay higher wages to employees at the same time (what employees are willing to actually work!). While the bike manufacturers have begun selling directly to consumers while still vaguely keeping dealers in the loop. I'm betting many more will be gone soon. I'm a casualty of all of that, as I was just laid off from a floundering dealer that was once very successful.
Obama should have let the car companies go bankrupt in 2008 and they would be producing good cars with good quality parts instead he was worried about the auto workers Union and gave them billions and billions and now they're going to end up bankrupt again
We live In one of the biggest growing city's in America Dallas TX. My wife and I decided to count all the new vehicles that we thought were 2023 models mind you it's about a 45 minute drive from Fort worth to Dallas during rush hour we came up with 31.Of all the hundreds of vehicles we seen wow were are all the new vehicles even in my neighborhood there's no new even at my job that employees hundreds of people no new vehicles just saying people are tap out 😢
Ray and Zach have been saying this for years now. But what they don't (and can't) tell us is when prices are gong to decline signigicantly. My guess is -- never.
I think you could be on to something, Steve. Based on the latest UAW negotiations we think prices will go up even more for the Big 3. Insane to think that things could get MORE expensive.
