New Car Market Is Collapsing! Buyers Reactions Are SHOCKING! 

My car even feels like a dishwasher when I drive it.

That’s brutal and setting buyers up for failure. Buyers need to exercise restraint and if they can’t afford within 4-5 years then they should try something different

Not only that they will let you roll in negative equity into a 84 month loan.. the person leaves the dealership already $15,000+ upside down on a car with 3 miles.

I agree. A car should be looked at as more of a tool. Where it helps you get things done faster. I financed a vehicle for 8 years. After paying almost $700 X 96 months. I was losing my mind. The car ended up being almost 70 grand. Then 3 months after paying it off the transmission and radiator goes. The car after 6 years started looking completely used. Even the interior parts were falling off.

​@@artdeluxxe7647talk about it. 8 years on an FN Nissan Murano CVT transmission. The interior was wrecked as Nissan uses cheap plastics. I even opened the car door and the handle came off costing me $400 to replace it. While I was making the $689 a month car payment.

Exactly

My nearest Dodge dealer wanted almost 60k for a challenger RT. Guess it's just gonna be sitting there cuz I'm not buying it

Yes we do

The reset starts with the buyer.. the person who signs on the dotted line. Nobody is enslaving the buyer, except themselves if they buy more than their budget would call for. Most automobile buyers have the option to buy a used car or to buy a sensible new car that costs 400 to 500 per month or less. (I just bought a fully loaded 2024 Elantra N-Line sedan in that price range despite the fact that I could presently afford a vehicle that costs double the cost) So while it's true that expensive vehicles are ubiquitous today, lower priced options are still available for buyers to avoid those insanely high monthly payments. They just have to reset their expectations and stop trying to keep up with the Jones's. Because the neigbor with the 900 plus dollar per month payment might have a nice ride, but they are also far more likely to regret the burden they put on themselves, if not this year, then at some point during the financing term they signed onto.

@@MK-fc2hnor can stop defending these clown/greedy vehicle prices. Yes people are stupid and buy stuff they can’t afford,but just because someone is willing to go head over heels in debt doesn’t mean they should drive them up as much as humanly possible and hurt these people more then they should. They wouldn’t have vehicles sitting on the lot for 250 days if they made reasonable priced vehicles. 115000 dollar truck the dollar has been killed now everyone’s living in debt and that’s why they’re able to get away with this circus.

@@jongenness3509 It starts and ends with personal responsibility. Just because there are products out there that used to cost less, but are now demanding insane prices, does not mean that consumers are off the hook for the choices they make in a FREE MARKET economy. If you think otherwise, then what you are really saying is that you think consumers are entitled to have these products for lower cost and that the dealers bear responsibility for the financial pain felt by those who really really wanted their products despite the burden they would put on their own PERSONAL budgets. There has always been the possibility for people to buy "more car" than they could afford. It's nothing new. Even a guy who can afford a Porsche can get in trouble if he decides to go all out and buy himself a Bentley instead. And going beyond your means can and does extend to every other sector of the consumer economy. So it's not about defending these dealers. ( I am actually taking joy in their misery 😆) But it's about applying a general rule across the board that the consumer bears responsibility for his or her choices. The reset will only occur when consumers as a whole put financial responsibility at the forefront and say "no thanks" to these dealers (or other choice words). And that is a process underway as we speak.

We need price control laws on dealerships and manufacturing car companies.

Mine went up 20%. Awful

We are subsidizing insurance on everyone $60k, $70k pick up trucks and SUVs. They cost a fortune to repair in even a minor accident so even us with modest cars get to pay higher rates to cover their ostentatious monstrosities.

It totally is unfair but what I do is create a screen grab or spreadsheet of my house instance details and another one for my car insurance details like deductibles, different coverages and in inclusions and then I go comparison shopping every few years just to keep them honest. By having this info in an electronic document it makes it convenient to send to different companies to compare. There is zero loyalty with insurance companies

@@jimmulderig743 criminal actually, I think that trump is raising the insurance cost and putting the money in his pocket

shop around for cheaper insurance?

Exactly just find a cleaner old vehicle even if it needs a little work its a far better deal

The Cubans do it 😂 now looks like we will do the same

Yup just snagged a 40 year old f150 with only 80k on the original engine. Runs beautifully and no rust at all. 10k

No car payments just feel so good

Yeh...I sold my 2005 Camry LE with 218,000 trouble free miles to buy a new 2020 Camry LE for all the new modern safety technology that my 2005 didn't have. Even the AC didn't have to be serviced in 15 years! That alone is pretty amazing!

AMERICAN ENGINE NEW IT TY (Starve over paid management) I saw this happen in 1978 (HISTORICAL REPLAY)

Same here, ‘07 Camry with 140,000 miles. I honestly feel like it has more miles left on it than if I bought a new Camry today as Toyota’s quality has gone down.

That’s a total insult to the consumer

@@markholubetz indeed good sir

I highly doubt that truck only cost 20K to build. Just tires for a full size truck are over $1,000 retail. Yeah dodge gets a bulk discount for sure but they also have to buy the engine from Cummins, the transmission, transfer case, axles, airbags etc... Then they have to run an extremely expensive assembly plant to put it all together. My guess they are in that truck 40K. Diesel engines are extremely complex and expensive.

@jonathantaylor6926 10k motor 10k transmission. A few grand in wheels and tires and other metals fabrics and plastics...I know for a fact the build sheet on these $100,000 trucks rarely exceeds $20k.

@@SuperKyle309 In fact, there are many $100-150k luxury cars that only cost $5k to make. They need to cut their prices by 90% or else the Government should step in and fix things. It’s time for the hard working people to get justice.

Many are greasey

I JUST KNOW MONEY CAN BUY HAPPYNESS

I bought a new 2023 Jeep Wrangler Willys last November. The got me for $299 for window etching! These guys are awake at night figuring how to screw you. You case sounds like that "Clear Coat" William Macy was selling in the movie Fargo.

YES SIR YOU CAN SEE THE VALUE IN THINKING OUTSIDE THE TRAPEZOID

Thank you, yes it’s greed beyond being reasonable and next week I am sharing some manufacturers that are hiking their prices a lot more for 2925. It’s about more than people can handle. Hope you also have a wonderful long weekend too. Chat soon.

@@markholubetz you’re welcome, look forward to seeing the 2025 estimated MSRP hike video next week!

why?

I love driving a fun car too

Exactly

​​@@markholubetz That's why I am never buying new vehicles, I am fan of used cars.

ANOTHER REASON :: I DRIVE 20 YEAR OLD VECHICLES....INSURANCE COSTS OUT OF SIGHT TOO. American Dream cone ice cream is the best.

HOWEVER sometimes peace of mind is the best reward.....I know CUBA is doing 1950 vehicles to this day...Can not see Americans doing that...can you?

True. Overpriced junk

Yes it is headed for a crash

Agreed

I appreciate that!

Next week I am sharing which makes are actually cranking up MSRP for 2025

They are 25000 vehicles a day being repossessed .the average person bought out of desperation and they paid way too much and many,just can't make the payments anymore. It will get worse before it gets any better.

And best of all the banks have nearly stopped lending. Much higher down payments, any loans made they are critical on income to debt ratio .many,many are being turned done .it's much more difficult to access.

Those long term loans are trouble because negative equity hits hard for the first few years and then what’s left is a somewhat worn out truck so 5 years would be the max and even better 4 years, if it fits. These 84 month loans are not great.

@@markholubetz DIG THIS: five years from now these newer cars will be sold at fire sail prices!

Haha I agree, I almost wiped out on that

I agree, without fleet and government. Vehicles this junk would not survive

@@markholubetzNeed an electric innovation with low price that will sell like the first Volkswagons

@@johnhix484 I KNOW gasoline generator in trunk trick.

It’s big money

Yes they are just a different grill

Haha, rental car special

@@markholubetz YOU ARE A GENIUSES .....

Thanks for watching!

Awesome. We all like a great deal.

Great plan

And more taxes to cover it

That’s a huge inventory

Yes

Sounds like a diamond in the rough with all these crazy markups. Gotta stay away from the brand new models and ultra popular cars that go quickly. Fly under the radar and get a better deal.

@@markholubetz I refused to pay 320 a month for insurance on an Accord EX last year and said fuck you to the dealer add ons. I bought the show room HRV EXL blind spot. HRVs and Civics are selling. CRV and Accords are sitting on lots.

​@@user-nt8mb9go4qI have a 24 HRV sport it's fantastic. Engine will last forever and my insurance went down. She's not quick but she is great in the Alberta winter.

COVID DID THIS to the market....MONEY is out of control !

Agreed

Same here. A fleet or lower spec truck could be a good buy

SMART

You bet but also in most cases from my experience is that the US to Canadian peso does not align with the MSRP on these vehicles. Sales price gaps are a lot smaller.

That’s sort of what I have found too. They are not giving the trucks away but it feels as though comparing specs that currently GM trucks are priced a little more competitively

Why ??? The answer is simple.Americans don't care how much the price of the car is. They care only how much the monthly payment is.

Well…..

Way higher in many cases

HOW LUCKY

Yes the cost of living is taking a toll and cars are one of the biggest impacts as they cost so much. It’s sad that OEMs have decided to sock it to the working class.

Should not worry about AMERICAN DREAM CONE...ITS A GOOD FLAVOR. All in favor of ice cream in an old vehicle say " FUC K UM ".....

Glad you liked it!

Haha Delish.

Thanks 👍

@markholubetz you're welcome, have a great weekend 😀

Definitely unique

Yep that’s a Flex, not an Edge. Edge doesn’t look like a “hearse” 😅

I see lots and lots of Civics, Corollas and Camrys in my area. People don’t want garbage cars, they want good ones that will last 300k miles.

Not in Canada everyone has ditched sedans for SUV and trucks

Well…..

@@markholubetz stealerships can't handle the truth

Its and odd dynamic

I WOULDN'T be any different then you and I'm retired.

Those are work horses

Exactly true

SNOW WAY IT GETS COLD IN MICHIGAN.

Yes Mazda will deal and they did not crank up pricing in the last few years like most competitors

@@markholubetz GOOD TO KNOW...THANK A YOU VERY MUCH.

Yes they are

Perhaps that is the plan?

They can't tax write-off unsold cars. They have 4 options. Make it a loaner, trade it to another dealer, offer incentives and discounts, auction it off.

Nice

Exactly true

WELL if you don't eat your meat you can't have any pudding. SO work smart ladies and gentleman, gentlemen. When I was much younger I am glad I did more.

Yes way too much

Yes

yes thats what ppl dont talk about.

Thanks for the content, but while it’s similar, the market has ups and downs and the theme here is that used vehicles are selling g better due to new prices. There are the EVs and flows in the market but used seems to be building in poularity

Well…..

Nice

Haha it’s worth the drive, lol