People Have STOPPED BUYING CARS! 

Walgreens ISSUES STARK WARNING TO U.S ECONOMY! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Pkk9fe_D5kk.html

People need to boycott these high prices and stop buying everything

Car insurance is what a car payment used to be and a car payment is what a mortgage payment used to be.

I haven't had a car payment in almost 20 years I buy my cars with cash and drive them until they fall apart

If you can't afford to pay off a new car in 3 years, you can't afford the car. Ninety percent in this country have been spending beyond their means for decades. You don't NEED most of the things you think you NEED. You only WANT them.

I make a damn good living I would never pay more than 35k for a new car. Who cares what other people think. Why spend a fortune to impress them.

Personally don't even like modern cars. Way too much extra crammed into what is supposed to be reliable transport.

“You will own nothing and be happy” People are slowly starting to wake up to what’s actually happening. They laughed at first, called us conspiracy theorists and mocked us. Now it’s playing out exactly how the WEF said it would. Nobody’s laughing anymore.

There is a RU-vid video showing a man reordering a Walmart order from 2 years ago it was $124 and now $430

Boycott the dealers. They're crooks.

I've said it before; refusal to buy is always the consumer's strongest weapon.

Buying a car in America is a pain. Sales reps are horrible, managers are horrible the experience is bad.

Most People are not buying anymore!

Car manufacturers have ignored the middle class, they made high end luxury cars and trucks. And focused on fleet sales.1,800.00 a month for 84 months is nuts.

Searching for the cheapest new car you can buy, with excellent credit, is still like a $650+ a month expense. That’s criminal and I refuse to pay that for a car

I hope the system crumbles faster and faster. people have been so foolish trying to keep up with overpriced goods and services. too bad for those who are caught in debt trap.

This is why I only buy beaters. No reason to spend $60K on a Lexus when the $1800 Toyota does the same shit except much cheaper, including insurance and registration.

I am 60 and a new truck on average costs more than my first house. No thanks.

Cash for clunkers was one of the many crimes against humanity.

Auto corporate executives are living very large lifestyles. Printing money has caused inflation.

Paying $60k for a truck is an IQ test imo. When I see a guy bragging abt how much he paid for his truck, I see him as an indentured slave 🙂

Why cant they just make basic cars and trucks? Heck roll up windows and ac, forget all the leather, gps screens etc .

But we beat Medicare!!!

I was going to buy the new 2024 Corvette to attract the ladies, but since I am 82 I thought it would be easier to drive my 2015 Honda Odyssey with the windows down and throw out one hundred bills as I drive slowly through town, that would probably work just as well.

People are going to have to get HANDY again and educate themselves on keeping cars repaired. I bought a 2005 VW Beetle Turbo for $800 on craigslist that purred like a kitten but the clutch was burned out. Bought everything I needed on RockAuto for around $400, followed a RU-vid video on installing a new clutch and it's now an outstanding daily driver and gets terrific fuel mileage.

Beware of taking on debt for depreciating assets.

I'm boycotting this trend of using smaller engines with turbochargers, auto idle start/stop, and variable cylinder management. All gimmicks that dramatically reduce long term reliability in exchange for a couple extra mpg.

Candy bars…CANDY BARS are flipping 3 dollars. When I was a kid the same candy sold for a DIME. You could dig through the couch cushions and find change to get candy. Now you need to rob a bank

I don’t understand how people can afford $70,000+ on trucks and cars. I make 150k and after federal, social security and Medicare tax I net $112k then after health insurance, retirement, and other deductions I’m at $92,000. That’s before mortgage, living expenses, and debt obligations. So even at my high income I wouldn’t dare touch a new vehicle. So how can people with 75k income and lower afford these ??

The price of new cars has become legalized theft plus the payments $700.00 plus for 84 months plus insurance and in some states the yearly license fees. The car warranty expires and you still have car payments then the repair cost which is barely under a $1000.00 which in most cases has to be put on a credit card and the debt slavery continues on.

*Amazing video, you work for 4Oyrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

another reason i am keeping the older cars is that the new cars are not reliable. it has way too much techs that i do not need. but if i have the money to blow i would still buy a new car

Prices are still too high and the rates are too high for a lot of people. I'll drive my car until the wheels fall off before i pay jacked up prices for a new car. Thanks Michael and Happy Saturday!

Beside buying a vehicle, there are also comes tags which are very expensive, monthly insurance, maintenance, and repair fees too.

The cars are too expensive, the insurance is too expensive, loan rates are insane... And traditionaly people replaced cars before they had to, cause new is nice... But now people aren't, and realistically it might have clicked with people to hang on to them for much long and new cars every 7 years won't be a thing

Yep. Keeping my 2021 Jeep for a long time. Have no desire in getting a new car again.

I want and need a car, but I refuse to get bent over. Won't do it!

It’s not just the insane prices it’s the junk quality of new cars.

Who wants a car that spies on you? And who wants a gigantic ugly impractical box?

I work for Honda, we are still selling cars at a good pace but our brand is in demand because they retain their value better than domestic brands and are far more reliable.

You would think demand destruction would drive the prices down. My local gmc dealer had sale listed on their trucks. So I stopped just to look. The one is 70kish with thousands in "extras". A sales man comes out and starts talking to me about the truck. I said. Well for starters I am not paying for all those " extras" he said, then I'm not selling the truck.... they ain't desperate enough yet.

You and Brandon are better than CNBC and Fox Business. Saying it like it is and not from a script

Drove mine until the wheels fell off. 24yrs hand crank windows, 5 speed. It helped my finances so much not to have any car payments and little repairs. Highly recommend.

When car payments are 3-4 times my mortgage NAWWW!!

My local grocery store keeps offloading sale items that are going bad rather quickly - immediate spoilage. A sign of a weakening economy.

A good truck should be 20k not fucking 38k

Just spent 1k on refreshing my 160k mile Acura. I'm waiting until these dealerships come back to reality with their business practices.

I drive a 17 year old toyota compact hatchback. Never gave me a major problem. Paint is faded, clearcoat worn off on the roof and hood and sides, but it runs like superman. I know people in their luxury suv's sometimes look at me and sneer, but all I gotta think for them is "just keep up the payments and you'll be allright". Have not considered buying another car, new or used for years. why should i go into debt for prestige or whatever the vibe new car drivers want it? don't make any sense to me.

If you have a car that works, you are at a bigger advantage in life.

Cars are cheaper...but I got quoted 8-9% as "best rate" on a car loan and I have 820+ credit. That's another reason non of us are buying. I've kept my current car 10+ years and I'm just in the mood for something new that I can drive for another 10 years, but I'm not going to spend a time if my good credit is being disrespected so much by the current rates.

No kidding..... People are BROKE.

I don't want to think about the people who went for the e-car scam⁉️😟🤬

I have been searching for an affordable used car for my daughter... it's exhausting, but I think I found one! I'm scheduled to check it out Monday afternoon so wish me luck.😅

People are confusing inflation with cooperate greed. Bye bye regulations.

I haven't bought a vehicle in more than a decade and I have no plans to buy one anytime soon.

I don't mind buying used cars, but most of the time they cost pretty much the same as brand new cars, how stupid that is.

Sold my truck. I walk to work

I can’t believe an ice cream cone is $5 and a double cone is $7.99 at Baskin Robbin.

Car manufacturers keep offering these gargantuan mega-priced vehicles, they are ignoring the consumer and doing what makes them the most money and not what the consumer can afford.

Cars are impossible to buy in Washington. A used car about 10 years old is at least 8000, and that's not including the licensing fees!!

Car prices are too damn high!

Cars were expensive during the 90’s as interest rates were double digits. Hold onto your car as long as the AC works!

I've been saying for nearly 10 years now... car companies are going 180 degrees from what the main market wants and needs. We need cheap, reliable vehicles. No bells and whistles. If one, JUST ONE, car company went this route instead of luxury and/or EV, they would be the #1 car manufacturer in the world by now.

I don’t have a car and not getting one any time so I’m glad I live in a city with a good bus system. I don’t have to worry about payments, insurance, or gas prices.

Glad l bought and take good care of my 2005 Jeep Wrangler. I could probably sell it for what l paid for it almost 20 years ago. I’ll never buy new again at these insane prices.

Manufacturers stopped making cars people want/can afford.

the price will keep going up as long as people still buying them. social status is more important than financial status for these people.

Im ok with my 1990 Toyota Corolla. Reliable, good on gas, easy to maintain, insure, etc etc

I adore your videos, it’s been fun hearing from your parents too lol

So many comments saying, "Well, just stop buying" and "Don't buy what you need", which isn't possible for something like a car in the US, the majority of which is highly car-dependent and severely lacking in public transportation. Maybe not buy a car that's a lot more than you can afford, sure, but you can only get away with not having a car AT ALL and still live, work and play independently in only about 5% of this country

I am 65 year old. My 10-year-old Subaru with 70k still gets me around (fingers crossed). I was going to buy a new Hyundia truck Santa Cruz because I want a small pickup, but the dealers are still demanding ridicules prices. I checked insurance rates for truck, and they are crazy high. I think if my subaru breaks, I will buy one of those electric bikes for $1 to 2k and try that for awhile and call uber if it is an emergency or cross town.

Love to read a ad "Car ran when parked." Find out that was some 20 years ago and they want 10-15 grand for it.

Was just quoted 13k off a 60K Silverado - FYI - their first pitch

Bro, your videos are gold.

let the house of cards come down, because the economy needs a major major correction and has been for decades, time to feel the pain yall, and pain is good for the economy, too many zombie companies kept alive when they should have been gone out of business, don't worry, plenty of new businesses can take their place and more investment opportunities

Same here. Keeping my 10 year old car. Way too expensive to get another one if what I have works. Most people don’t understand the opportunity costs as well. That money invested can do wonders over 10 years.

Back in the 80's I bought a yellow i -Rock Z my payments were $299 a month, I lived home for free and paid it off in 3 years. I worked my butt off I was so proud of that accomplishment .

People can’t even afford to go to concerts or out to eat. Is it any wonder no one is getting a new or used car? And the interest rates are just crazy! Nice Camaro! Good luck with your sale!

Friend of mine bought a nice used Cadillac so he could drive the 3/4 mile to work at the synagogue. Wasn't making a lot of money so stopped making car payments. He knew it was just a matter of time before repo so every night he'd take his plate off and bring it in the house. One day he went to go to work and the car was gone, but his plate wasn't.

The time to buy is when nobody is buying. That said, buy what you need, not what you want. The purpose of a car is to move you from where you are to where you need to be.

Car insurance is up too because car theft is up. EVeryday I walk outside to the street to drive to work and I pass by cars resting on 4 stands with all 4 tires stolen. New car? no thanks. I'll keep driving my 20 year old Toyota Camry with 200,000 miles on it.

I was told definitely never buy an EV. Lease them if you do want to go EV route. Technology is changing so fast with them. Buying a used one is insane.

I hope everyone have a great Weekend so far!😊

Not stepping into a stealership until they lose the market adjustment bull.

Yep - even selling cheap used cars has become difficult. People don't have the cash - they pretend they do, pretend everything is going fine - but they're broke. People who have never been broke before are now broke. Start worrying.. "Buyers" come in to look at vehicles - I don't even bother going out to talk to them lately, I let the other guy go do the blah blah - they ain't gonna buy, they'll have to "Think about it" or some such - these are cheap cars, not ferraris. Nothing wrong with the cars, it's the "buyers" - they ain't got the cash. They want to know can they finance a 2k car - no, nope... so they walk.. They ain't got 2k. They don't even have a grand. They have 200 quid & want to finance the rest. Broke., "Normal People" used want finance on 5k cars - they'd stump up for 1500-2k cars no problem. Now they can't - they want to, but can't. They want to finance them. That's scary. That's "Real World" car-money stuff - what can they pay in cash? Seeing some schmoe roll off in a fully financed 30-60k car is meaningless - that's a loan they ain't paying back, nothing more. Another problem for the Banks. If I was a masochist, I could agree to finance on those 2k cars - take the 200 deposit, let them drive off. They ain't never making the payments, even if it's just 200 a month. No way Hosé. They're buried in just surviving - even if they look all posh. I see it too on the servicing side - big flash cars coming in, owner looking for the bare minimum service - oil & filter, worrying about the cost. Drop the oil - its never been changed since forever - because they couldn't afford to. They're sweating the cost of changing it now, 2 years too late. Those are your REAL economic indicators. People broke. Simple as. No wonder either - cost of living is insane. I know why they're broke - the big boys are robbing them blind with bills & taxes.

I love you America..You never give up I am a boomer from Europe but never forget how resilient you are. I know people are suffering and can never stop feeling for you. When the war was going on in Europe , you just burned your gasoline to warm us . I feel so helpless how to get you out of this predicament. YOU WILL SURVIVE, because your desire for freedom is greater than anything else

😂 I sold all three of my cars at their peak value in 2022 and made over $130,000. I decided not to buy a new car until I find one for free. For now, I’m comfortable using my bicycle for shopping.

My dealership where I got my car keeps on calling me, saying " Hey just want to know if you'd like to trade in your car for a new 2024 Honda?" I just had to put them on Block, cause the Audacity to even ask. Heck no

I continued to be shocked at the prices at the supermarket. Years ago, I would shop with my mother as a preteen, $10 bought a full shopping cart full. 😮

I work at a domestic dealership and we are freaking out here. Sales are worst than 2008. I heard chatter about closing down shop.

The American dream has turned into the American nightmare. I’m giving up on America and going to Bali. Taking my former employer pension and renting out my condo and will live on $2000 VERY comfortably. Made 3 trips there so far to do my due diligence. At 50 years old, I see no reason to continue to work 2000 hours per year (86 entire calendar days/nearly 25% of the year) just to get by until I’m eligible for Social Security, which still won’t be enough for me to retire. One of my top reasons for leaving America is because, due to inflation, I am no longer able to be charitable with my money and time. That will all change September 1. My one-way ticket there is only $399 🎊 🎉

I was in the market for a new smaller truck like a Frontier, Colorado, Tacoma, etc. and I quit looking. Unless the prices come down AT LEAST $10K I'm not a buyer.

The dealers want $700 administrative fees and I had one dealer try to force me to buy a 6 month warranty for $1300 additional! 🤬

🎉🎉🎉 Is anything affordable anymore??? Life is probably the hardest it’s been in a very long time. Thanks Michael, Carlos

Won't be buying a truck anytime soon. These prices are stupid.

The car payment + auto insurance + gas/toll + maintenance fee + tags = the cost of owning the car

the next 20yrs are going to be bad, until the rot in the government is cleared away. going to take many years, so i hope you are all saving, living simply and contently, buying old used cars, and have food/water stored just in case.

People are watching too much TV . Where everything is cool and new , they should get a grasp on reality where you can’t afford everything new …. People are traveling and ringing up debt , then the kids they need clothes , school , doctors appointments , my father bought his first new car when the kids were gone , and I followed the same route, my kids graduated college and then 5 years later I bought new, yer can’t always have what the smiths and Jones family have down the street street

I tell you what. Being in 75k of debt during the crash in 2008 is completely different feeling from not being in debt with a paid off house in 2024. Get out of debt!!!! And never look back.

It not that people don't want to buy a new car . It the dealer and car company price themselves out beon affordability. There only 2way out for them drop price or face bankruptcy. As for me car is just transportation to work and to pick up groceries. My oldest van 30 years old my newest SUV 20 years old my newest car 🚗 15 years old.