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The Port Strike Will BREAK THE CAR MARKET 

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Today on the Daily News You Can Use, Ray and Zach discuss the potential impact of the port strike on the auto industry. Tune in to learn more!

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5 окт 2024

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Комментарии : 143   
@somehandle215
@somehandle215 2 дня назад
Japan is closer to our west coast. France is closer to our east coast. I think the port strike won’t noticeably affect the cars that we actually want to buy here in the US.
@tylerrynberg
@tylerrynberg 2 дня назад
are you unfamiliar with the Panama canal? It's been around for over a century...
@myeldora6820
@myeldora6820 2 дня назад
Sit on ships......Sit on lots......What's the big diff?
@somehandle215
@somehandle215 2 дня назад
This is a great point.
@trackeduser2577
@trackeduser2577 2 дня назад
who is paying the carrying cost.
@myeldora6820
@myeldora6820 2 дня назад
@@trackeduser2577 Not me! 🤑
@GrenadierOverlander
@GrenadierOverlander 2 дня назад
Salt
@TrevorOuellette
@TrevorOuellette 2 дня назад
From Lot-Rot to Dock-Rot…
@SilhouetteMorgan
@SilhouetteMorgan 2 дня назад
There is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
@EnaEnrriques
@EnaEnrriques 2 дня назад
Abby Joseph Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost a million bucks in my portfolio.
@EnaEnrriques
@EnaEnrriques 2 дня назад
The new American Dream is to leave. Housing costs, medical costs, and the IRS are three of the big reasons that make it so.
@RAKelBerquist
@RAKelBerquist 2 дня назад
@EnaEnrriques How can i reach this Abby Joseph Cohen, if you don't mind me asking?
@SilhouetteMorgan
@SilhouetteMorgan 2 дня назад
​@@RAKelBerquistWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@EnaEnrriques
@EnaEnrriques 2 дня назад
​@RAKelBerquist Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to set up an appointment.
@matthewbarrios1028
@matthewbarrios1028 2 дня назад
What people have to understand about these docks closing as well is that it does NOT only affect imported vehicles. There are cars manufactured or assembled here in the United States in Kansas, Texas, and Michigan. However, the electronics, and raw materials are often imported. It isn't like the US is really making steel, brake pads, oxygen sensors, spark plugs, wires and sensors. Even if a domestic car is built here in the US, a ton of the parts are coming on those ships!
@mikehouser5430
@mikehouser5430 2 дня назад
Too many cars on the lots regardless
@SqueegeeKid.
@SqueegeeKid. 2 дня назад
I agree for the in demand vehicles it will spike prices, but for those vehicles that we know are on lots from 2023/2024 a port strike isn’t going to impact them except in areas hard hit by the storm. I could see lesser desired vehicles becoming more in demand in those areas. For those like myself who have been on the sidelines waiting to buy a vehicle as a want vs a need, we are just going to continue to wait.
@0281justin
@0281justin 2 дня назад
Retired coast guard guy here. Love your videos. We nicknamed those car carriers “Ro-Ro’s” (roll on, roll off). They are massive.
@Snowboarder16
@Snowboarder16 2 дня назад
Hmmm. What has coast guard got to do with merchant marine? Nothing, so stay in your own wheelhouse sailor boy! 😅😅😅
@htorresflyer
@htorresflyer 2 дня назад
@@Snowboarder16 I can clarify this. In the US, the Captain of the Port is usually the U.S. Coast Guard Sector Commander. The Coast Guard is responsible for safety and security and marine environmental protection regulations, including regulations for the protection and security of vessels, harbors, and waterfront facilities; anchorages; security zones; safety zones; regulated navigation areas; deepwater ports; water pollution; and ports and waterways safety.
@mperlatti
@mperlatti 2 дня назад
What a joke… The car market is already buried in two years of backed up stockpiles! No new deliveries for a Year would be perfect for car dealers! Bad for manufacturing plants… Which is just what the Doctor ordered…
@Snowboarder16
@Snowboarder16 2 дня назад
Clickbait title again. This is all on Zack, I feel sorry for Ray getting dragged into this. 😢😢😢
@jaimeriveras
@jaimeriveras 2 дня назад
Zack: please listen to your father. No clickbait, please.
@JoseDiaz-qw7mg
@JoseDiaz-qw7mg 2 дня назад
Puerto Rico depends almost 100% on what comes from Florida due to some bs law. This strike will affect us greatly
@john_nip_nop
@john_nip_nop 2 дня назад
Excellent news for PR that the strike is settled after only 3 days.
@gabrieliacoboni6951
@gabrieliacoboni6951 2 дня назад
Man. Mazdas arround me are offering 3K off 2024 3s before rebates. Should have waited to trade in my car. lol
@niqueo526
@niqueo526 2 дня назад
The reason it loads slow is due to bandwidth. You are streaming and trying to pull information off the web simultaneously. All that multitasking will tax your 16 - 64 gb of ram. Not sure what you have for ram speed.
@herrba
@herrba 2 дня назад
Also video call /screen share
@schmangyharris1428
@schmangyharris1428 2 дня назад
Good news for Ram, they have 2 year supply of trucks on the lots, so they have plenty of inventory
@timp024
@timp024 2 дня назад
Come on man! We have the strongest stock market ever!
@john_nip_nop
@john_nip_nop 2 дня назад
Since the ILA has already announced that the strike is being settled (Thu afternoon 10/3), there will probably be very little impact on vehicles or parts. The threat of a strike probably had a bigger impact, causing stuff to be stockpiled in advance. The hurricane will have a much bigger impact - short term all commerce grinding to a halt in decimated areas - long term lots of flooded vehicles will be replaced by the survivors.
@bryancarlson3673
@bryancarlson3673 2 дня назад
Fun Fact: American Made products do NOT get stuck on cargo ships!
@ConsolidatedPBY
@ConsolidatedPBY 2 дня назад
But I ain't buying any bombs....
@jankelley1001
@jankelley1001 День назад
My Tesla model Y built in USA!
@bobdoingbobthings
@bobdoingbobthings 2 дня назад
"Least likely to be underwater," unless it was in Florida a few days ago.
@fixittony
@fixittony 2 дня назад
How measurable is the impact of the port strike? Seams to me the market days supply is a lagging indicator. Run a power analysis to determine how many strikes days to meaningfully change inventory by X amount factored by make and model. Do you know whether parts supplier stocked up ahead of the strike? Some clothing and holiday companies did and they reported they are prepared.
@fixittony
@fixittony 2 дня назад
18:19 Can you explain positive equity? Your survey only included people with outstanding loans. If you car is worth more than the outstanding loan amount that is positive equity? I think equity is a confusing term. Buying a car is always negative equity because equity is the earned amount with your initial investment. Equity in a house makes sense not a car.
@danielpilachowski2424
@danielpilachowski2424 2 дня назад
Baltimore is a huge port that delivers many cars.
@john_nip_nop
@john_nip_nop 2 дня назад
So hilarious that US consumers go into panic mode for TP (which is not imported.) Maybe rumors started by the paper industry. Stores should slap a Market Adjustment on the rolls (works for Toyota dealers.) Expect to see someone cruising the aisles at Cosco, pushing a float running over with TP and paper towels, shaking fist at the heavens and screaming like Scarlett O'Hara "As God is my Witness, I will NEVER be without asswipe again !!"
@ronanderson5736
@ronanderson5736 День назад
Guys love the videos and information! I have a question! My 2020 Jeep Wrangler has a little over 61,000 miles on it and it blew a head gasket, which with the quotes that I’m getting is going to cost me around $6000 which I don’t really have! Do I have any recourse? I don’t believe that this engine should have a blown gasket this soon! Thanks
@rager1969
@rager1969 2 дня назад
You don't think they can/will increase the destination charge? Not MSRP, but the line item to transport the vehicle to the destination (i.e, dealer)? I suspect they can and will.
@pdlegend6829
@pdlegend6829 2 дня назад
why arent there links to the research page anywhere on the website? Unless I am missing it the stuff you talk about on this show always seems to be hard to find on the website
@pauliek5325
@pauliek5325 2 дня назад
Not only do they want a 77% raise but protection from automation. Good Luck with that.
@danlayman9579
@danlayman9579 2 дня назад
Manufacturing is a bigger problem layoffs
@rdbimages
@rdbimages 2 дня назад
Uh, never mind. LOL. Timing is everything.
@wunger1047
@wunger1047 2 дня назад
The car market was already broken cars are sitting on lots ,and if the workers get what they are demanding its only going to drive prices up even more .People don't have money now what makes you think there going to buy them are the strike is over.
@Fastapproaching
@Fastapproaching 2 дня назад
It's hard to break something that's already been broken for the past four or five years, the UAW and auto makers high prices killed the auto market, just a blame game
@NewYorksFinest1
@NewYorksFinest1 2 дня назад
Should I lease the 2025 id4 when it arrives or buy? Or should I lease the 2024 id4 for 0 down or buy the 2024 id4? I've never leased before and I've always paid off my vehicles in under a year
@djdj-qx3hb
@djdj-qx3hb 2 дня назад
Depends on the depreciation and a reliability
@robshaw2990
@robshaw2990 2 дня назад
I believe every cost increase gets passed on to the end line consumer
@keithkamps77
@keithkamps77 2 дня назад
IMO opinion if a car has an MSRP it should be stood by regardless and not inflated!!!!!!!
@DriverDude100
@DriverDude100 2 дня назад
Could not afford a new car anyway…
@dmark6699
@dmark6699 2 дня назад
West Coast Longshore union said they would support the east coast strike.
@john_nip_nop
@john_nip_nop 2 дня назад
now that it's over. They get the benefit of the strike (eventually) without losing any days' pay. jackpot.
@john_nip_nop
@john_nip_nop 2 дня назад
Ray, what does it mean that used cars "do not lease well"? Does this infer that the cost of a lease is unreasonably high, or that the leasing companies refuse to touch used vehicles, or something else?
@CarEdgeLive
@CarEdgeLive День назад
The lease payment on most used cars in many cases is as much or higher than what the payment could be if you just leased a brand new one, so that is what I mean when I say that they don't lease well. All the best, Ray
@john_nip_nop
@john_nip_nop День назад
@@CarEdgeLive Thanks - thought it might be something like that. Not much collateral with the used car, so lease is not practical for the leasing company or the consumer. Their business model is based on having a 3-year-old (low mileage) car at end of lease (not a 6+ year-old.)
@Chief_5
@Chief_5 2 дня назад
This is what dealerships have been waiting for, an opportunity to raise prices and get those customers with FOMO. 🙁
@Satjr35031
@Satjr35031 2 дня назад
Well I guess that bubble is bursted
@StoneXue
@StoneXue 2 дня назад
It will take more than a day or two to get railcars. Luckily for them though it will also take more than a day or two to reroute the ships to west coast.
@michaelthomas5140
@michaelthomas5140 2 дня назад
There’s plenty of used vehicles out on the market. People shouldn’t be waiting to take a massive depreciation hit on a new vehicle anyways. Also, costs will definitely be passed onto consumers. Welcome to the reality of the business world.
@raymondshivers2092
@raymondshivers2092 23 часа назад
Strikes over guys, better luck next time.
@melvinjacobs2328
@melvinjacobs2328 2 дня назад
The strike is suspended until Jan 15th to allow more time. In the meantime the salary increase will got to 68%
@gregoryranney5911
@gregoryranney5911 2 дня назад
Dealers are loaded in southeast Michigan don't need em, leave them off the boat
@StopCensoringOk
@StopCensoringOk 2 дня назад
This video didn’t age well. Port strike is over
@waynewallace2061
@waynewallace2061 2 дня назад
This may help Stellantis to get rid of some inventory
@Bartholomew60
@Bartholomew60 2 дня назад
The strike is already over.
@whatsupdoc2dayutrickyrabbi896
@whatsupdoc2dayutrickyrabbi896 2 дня назад
Car Market is already b3oke
@janereinhardt4715
@janereinhardt4715 2 дня назад
Probably only cars coming in from Europe, which probably isn't a huge percentage of U.S car sales.
@RollerSkatinActor
@RollerSkatinActor 2 дня назад
Do you like the Toyota Crown?
@ronlee9984
@ronlee9984 2 дня назад
I may have missed it but the impact on the US car market may be minor.....not the gloom and doom of your title. Look at the incoming cars impacted and evaluate that against how many are sold and how many are on dealer lots. The impact to BMW buyers may be much higher than for Toyota buyers. Actually, the impact to Toyota buyers may be trivial to none...Possibly near zero for CDJR buyers.
@briananderson8733
@briananderson8733 2 дня назад
But the car market has ALREADY been broken for decades. THe US doesn't import from europe anywhere near US made vehicles. But the real problem is relationship between manufacturers and dealers. That has been broken for decades.
@Katonthebeach
@Katonthebeach 2 дня назад
It’s over until 1/15.
@bujabusiness
@bujabusiness 2 дня назад
Instead of Zack you should have named your son clickbait
@EmmyPierz-ek7hi
@EmmyPierz-ek7hi 2 дня назад
bujabusiness=Cave Dweller. CB
@HaHa-gy5vg
@HaHa-gy5vg 2 дня назад
everything is a collapse to this boy
@Snowboarder16
@Snowboarder16 2 дня назад
😂😂😂😂
@claydewitt9868
@claydewitt9868 2 дня назад
Unless you have a business, a lease is a fleece. A glorified rental with a limited amount of miles you can drive per year.
@tomwalma4762
@tomwalma4762 2 дня назад
it's a repoff, always
@StopCensoringOk
@StopCensoringOk 2 дня назад
Port workers will get $5.00 an hour raise each year over the next six years. Guess who will pay? We all will
@anthonydavis7151
@anthonydavis7151 2 дня назад
it does load fast
@newmoneymarcus
@newmoneymarcus 2 дня назад
You two are kidding yourself. If you think the extra costs will not be passed on to the customers, you are kidding yourself.
@chrisajokinen
@chrisajokinen День назад
both of my older cars are paid off. I see no reason for a new vehicle or even a newer used car.
@StoneXue
@StoneXue 2 дня назад
Big events that help the big manufacturers that are overproducing overpriced cars keep happening. UAW strike, port workers strike. Wonder if they are meddling with the union leaders pocket books to cause these
@jonsaircond8520
@jonsaircond8520 2 дня назад
I find myself turning the show off earlier and earlier as time goes. I would rather watch a well put together show twice a week than the same show everyday with 5 minutes of tweaked content
@davedave1398
@davedave1398 2 дня назад
Stop with the click bate titles.
@robertjohnson-454
@robertjohnson-454 2 дня назад
Maybe they should fill their BMW’ s with toilet paper to help sales
@danlayman9579
@danlayman9579 2 дня назад
You have to be saling cars for that to be an issue
@JimBranch-n8s
@JimBranch-n8s 2 дня назад
Zack, how can you be so naive & unaware of what is going on around you when it comes to the economy? Are you just lobbing softball questions to your dad, or do you really not see/grasp the "big" picture?
@StopCensoringOk
@StopCensoringOk 2 дня назад
Port strike is over. 18:40 HRS CST 10-3-2024
@nissan300ztt
@nissan300ztt 2 дня назад
Ray, Toilet paper isnt imported. Its made domestically. People are just idiots
@brianshort6777
@brianshort6777 2 дня назад
All soft toilet paper require Eucalyptus pulp imported from Brazil. We can make commercial grade tp though but that stuff is rough lol
@ossmann89
@ossmann89 2 дня назад
I bet it gets nice and competitive when the armed forces are using a bunch of those rail cargo units
@tylerrynberg
@tylerrynberg 2 дня назад
Waffels, just keep the damn Soul. Why are you looking to get out and eat $5k? Just finish paying it off and then you have a vehicle with 5-figures of value.
@lamesamelame
@lamesamelame 2 дня назад
Strike is Already Solved!
@CaliAAA72
@CaliAAA72 2 дня назад
It’s very distracting when Zach keeps going from single screen to spilt screen especially when his father is speaking like as it he doesn’t car what he’s saying and wants his father to hurry up. Also Zach’s facial expressions also when he’s father is speaking. Again it’s as though Zach doesn’t care and wants his father to hurry up. I am so happy that Ray is doing the other show with Justin. Entertaining, informative, and flows way better than this show.
@Snowboarder16
@Snowboarder16 2 дня назад
Good observation I have noticed same thing
@john_nip_nop
@john_nip_nop 2 дня назад
I like the one with Ray and Brandon - carcents.
@HarryTwatter
@HarryTwatter 2 дня назад
Those longshore men kissed their futures goodbye
@Dfgbuiiyyyybb
@Dfgbuiiyyyybb 2 дня назад
Why because they want a raise just like every working person out there that’s no a CEO?
@HarryTwatter
@HarryTwatter 2 дня назад
@@Dfgbuiiyyyybb because they can be easily replaced and have now ensured that the companies will move to automation
@stevenalvarado-doc7334
@stevenalvarado-doc7334 2 дня назад
@@Dfgbuiiyyyybb this will only accelerate automation.
@edwardvahlin569
@edwardvahlin569 2 дня назад
@@Dfgbuiiyyyybb they are already vastly overpaid for the skill of the job. They are demanding a 77% increase. With the 77% raise a no education worker would be making about $130k. They also want no automation in the industry, Every other country has improved their port efficiencies with new technology.
@KidHorn7001
@KidHorn7001 2 дня назад
Not to mention there are a lot Haitians willing to do the job for minimum wage.
@dennisburk8113
@dennisburk8113 2 дня назад
loads fast
@tomwalma4762
@tomwalma4762 2 дня назад
most vw cars are made in Mexico, aren't they?
@wayneparsons66
@wayneparsons66 2 дня назад
Toilet paper is in made in USA not in ported
@juanmolina9199
@juanmolina9199 2 дня назад
Stop speculating! These baboons on strike want you to speculate to create concern and anxiety. I hope the strike will expedite the introduction of automation so we don’t have to depend on baboons!!!
@constitutionalized8810
@constitutionalized8810 2 дня назад
The west coast port personnel say they will not unload ships dirverted from the east coast ports.
@KidHorn7001
@KidHorn7001 2 дня назад
They'll unload in Mexico or Canada. The borders are open.
@richardgiacomotti404
@richardgiacomotti404 2 дня назад
👍👍👍
@TheLizardKing1967
@TheLizardKing1967 2 дня назад
More Rituals.......
@mybotanicaljourney
@mybotanicaljourney 2 дня назад
European cars and parts will become unaffordable.
@wg4154
@wg4154 2 дня назад
Rams come from Mexico 😂
@john_nip_nop
@john_nip_nop 2 дня назад
and Tacomas.
@booboolips6053
@booboolips6053 2 дня назад
The President can force the ports open but with the election coming up, that’s not going to happen.
@DavidWilliams-qk5jq
@DavidWilliams-qk5jq 2 дня назад
Komrad Kamala doesn't know what to do.
@loudiamonds3160
@loudiamonds3160 2 дня назад
Toilet paper is not a import 😂
@Silica_Packer
@Silica_Packer 2 дня назад
Can't take the clickbait bs thumnails anymore. Blocking your channel. Maybe someday you can check your hyperboly bevore making thumnails. According to Zack, the industry has blown up and melted each and every day for at least the last year. Zack, stop doing it. You're starting to drive viewers ( me ) away.
@Signod
@Signod 2 дня назад
I agree with the sentiment on the titles, i do like the content of the videos enough to continue watching, but i do sometimes just roll my eyes at the title and move past the video because their titles are not based on the usefulness of information contained within, i just have to make a decision on if i want to CURRENTLY listen to them. I do wish they used less clickbait tiles and tried a little bit harder with proper titling. Oh, i will also add that this title is probably the least clickbait one since the strike is going to possibly have a massive impact, but like almost all of the titles for the past 2 months are useless
@tomwalma4762
@tomwalma4762 2 дня назад
same here
@michaelthomas5140
@michaelthomas5140 2 дня назад
The last 3 years to be honest.
@elpuerco6059
@elpuerco6059 День назад
This didn't age well🤣
@F85M
@F85M 2 дня назад
This means car market prices will remain high. Manufacturers + Dealerships will not bow down to tripling their MSRP prices. Port Strike means they can possibly inflate the prices even more.
@rodgerpetrick6502
@rodgerpetrick6502 2 дня назад
With people struggling to get by it amazes me how greedy and selfish for the port workers to make as much as they are. They need to be ashamed of themselves. Disgustingly selfish.
@agecon2246
@agecon2246 2 дня назад
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