The UGLY TURTH About The Car Price Bubble + LIVE CALL-IN SHOW 

Always welcome to join 👍

Like you I almost always wear a hat and am also follically challenged. I started wearing the hat after a drinking buddy told me "Anyone as bald as you should always wear a hat." By the way, I watch both shows regularly on youtube. Great shows.

Brandon, why don't you mention where your dealership is? I would think you would get many customers by doing so. Just curious. Love your channel!

@Cliff Victoria he doesn't want to be overwhelmed. His staff is busy enough. It would also give less credibility to what he is saying if people think he's just there to sell cars. He's talked about this in his videos on his channel.

What is a consumer credit auto loan application and what are the laws that protect the consumer on this type of application?

They just post these videos for views. Car price will go up and up due to inflation and will not go back. I mean,the price will be higher under a same circumstance than before,always.

We’re frustrated too, John. Now is a good time to sell a car.

These guys are building a brand. They keep pumping out clickbait videos. They are not even in the car business.

Now is the time too sell. Buying is going to be tough, dealers are still thinking they can get above msrp. You'll get gouged at this current time based on interest rates and dealership supply. Best time is Sept through Oct for year-end model blowouts. December woop have Brest lending rates.. if you don't mind incoming bills come January. Best of luck.

@@davidlusk4350 yea, if you got a good used car with low miles, you are right..Now is the best time to sell.. We are a wholesaler and retailer of used cars. There are hardly any low mileage used Asian brands at hte auction, and when they come up they sell for more than they ever did.

where are you located? I'm also shopping Subaru (Crosstrek) and have seen prices much higher in the west as opposed to here on the east (mid-Atlantic)

@@steve2359g Texas... inventories suck. Crosstreks seem to be going out as fast as they come in and even before. I ordered mine in early November. I took delivery end of January. Now I learned that not only was it one of the last 23 builds you can custom order, it maybe one of the last Manual 6S you'll ever see. Because the Eyesight System will not work without the CVT. Despite ordering a Premium, because it's a Manual it's pretty basic. But, I got it for 26K. You cannot get another vehicle in its class for anything close to that and with AWD. If you are willing to travel for your Trek, Subaru of Georgetown is about to take delivery of a shipment. Best prices in Texas. Ask for Starr.

Good choice

The best part of this story is that you went from Jeep to Toyota. Enjoy your Rav! (No doubt for many years to come)

Isn’t that illegal to offer a different price for cash?

@@motopolak right! Lesson learned! Haha

You are correct. It's getting old waiting for these guys predictions to come true.

Yes, let’s go Brandon!

@@TravelT970 👍😂

Dealers are not updating the inventory online to draw people in. Giving them the impression that a lot of vehicles are available. Basic advertising technique used by car dealers.

Check out jerry's Toyota and sheeyhe Toyota. They don't charge over msrp..

They will not have the equipment to repair them. Their scanners will not work on many of them as they are blocked when scanning the data. Tesla has done that for years, that is why you don't see the in independent car repair centers. Maybe tires and brakes, but not much more will be done.

@@rotart12arx3 exactly. Pretty sure as a shop you have to become certified by Tesla in order to be able to work on their vehicles in any depth. They don’t just sell parts to anybody unfortunately.

Ram/Jeep dealers wanted list with no discounts on a 1500 Limited and Cherokee Summit Reserve. Lexus and MB dealers offered free stuff like scheduled maintenance and no mark-up over the list since I was paying cash. Ram/Jeep dealers called me for a week after offering me 12% off list, but only if I financed. In the end I got a RX500H F-sport performance for list and free scheduled maintenance for 50k miles. Since it starts to get expensive after the 1st two free scheduled maintenance, they give you. To get a completely redesigned hybrid SUV, that's the brands best selling is a sign that dealers are changing. I live in New Jersey, and the area I bought it in is very wealthy, and they can charge more with no issues. Night I bought mine, they had delivered 6 that day and when I picked it up the following day. Another 6 or 7 were being delivered. Went to the dealer, and every other one on the lot had reserved plaques on them. GM told me that I could sell it for over what I paid, including taxes.

I had an experience 30 years ago where a salesman was looking down on me because I told him I was a full time college student and this wasn’t the car I should be looking at. I said ok and started out the door and you could see the light bulb go on above his head and he says hey sometimes college folks have jobs. Do you have a job? I said yup sure do. Full time job actually at one of the best employers in my town. All of the sudden I was worthy and he had time for me. Come on back to the desk he says. I said well I think your right this isn’t the car for me. He called daily for the next week. I finally took his call and let him know that he lost a sale and I was going somewhere else he could stop calling. Sometimes you cant judge a book by it’s cover.

Prices are down the numbers show it but it’s just not going down fast enough and they were so high it feels negligible

Also, your local market is not representative of the market as a whole.

When a dealer acts like msrp is so great and mentions we were getting $4,000 over. Walk away. Hopefully very soon we will be back to normal negotiating at least $1k-2k off msrp

We’re at a weird in-between right now. Less desirable trims and options are getting decent discounts, but hybrids, AWD equipped models, and desirable options still command MSRP and markups. Toyota Sienna buyers are getting screwed big time right now because Toyota made the new model hybrid-only. Where I live, there are plenty of FWD XLE Highlanders rotting on dealer lots with discounts, but good luck finding a Limited AWD or a Hybrid Highlander.

CarEdge posted a graph showing car prices the past few years, showing an clear trend of prices dropping starting late 2022.. New prices will drop, but “nobody” knows when exactly.. CarEdge is talking sense; everything points to prices dropping, because dealers are pricing themselves out of the market (as prices go up and up, there is a smaller and smaller pool of people with the money to buy). Data also showed a sharp increase in repos, because people are stretching to buy cars they cannot afford. Interest rates are another factor pricing the general public out of the car market.. In summary, lots of indicators prices will continue to drop.. I believe the question is when exactly.

All he had to do was ask 😊

Offer MSRP.

@@rotart12arx3 50 k is msrp

Private sells are now educated. Everyone knows used cars are going up.. Either they are not selling their cars, or are selling to Carvana/Carmax...where it is easier to sell and you get more $ than facebook market. Also, it is much safer.. I have a 2014 civic..with 83k...Carvana is offering 10800....I had it on facebook for two months for $11000 and the highest offer I received was 8500.

Flippers buy them up and make a profit on them.

@@rotart12arx3 they use to..Remember facebook puts up the KBB or market value when you post a car for sale, so sellers use that as a guide.

It sounds like used car dealers made record profits and are using that cash to overpay for used stock at auctions.

Rv demand is falling, discounts are back again. Good time to pick-up a 2022 model as they are getting plenty of new 2023 in.

Really an annoying presentation. Way to amateurish.

I could have told you that. It’s all they do

Best advice is to buy new ( if that is what ypu want to do ) DON'T tell them tou want to pay cash though. If they THINK that they are going to make money on the back end (financing ) they may give you a better deal on the purchase price ( front end ) then you put cash or trade down, financing the balance. Wait until your financing goes through and payment is due in 45 days usually. Pay 1st payment and wait until your 2nd payment is due ( 30 days after 1st ) but before due date you pay it off. Banks usually do not make dealer profit payment to them before 90 days. I have over 40yrs experience in car business. This works like a charm and the dealer never knows anything until approx. 60 days after they sold the vehicle to you. You will have title by then and then the financial institution will issue a lien release to you once it is paid off. Also READ the contract to make sure that there are NO prepayment penalties before signing. Just remember everything is negotiable.

@Car_Egde What do you have?

@Car_Egde How do I dm you? I'm looking for a 2023 f150 supercab 4x4 v6 iconic silver xlt.

great..these guys will be posting the car market going bust videos for the next 3 years..lol

Start. I’m seeing jacked up inflated prices for normal repairs

That's why when I bought my Lexus last week, I went with the free 4 year 50k scheduled maintenance over the tire and wheel package. They didn't cook the number as I paid the list plus tax and 2 fees. Registration and documents were the only add-on on the OTD pricing. .

Cars that I’ve saved on a local platform are falling. I’m seeing notifications that asking prices are dropping. Those are private sellers though not dealers.

Which YT channels do you prefer as alternatives?

As a dealer I have made numerous comments on these cats videos about the fact that they are always giving out yesterdays news and always advising consumers to wait to buy when they in fact should have actually been buying. Some poor folks have now been waiting for three years and missed numerous market dips when the retail prices were temporarily at or below wholesale prior to the next market cycle run up.

@@jeffmuelhaupt2927 sounds like you should start a RU-vid channel!

@@ZachShefska1 He is probably busy selling cars and being relevant. In regards to Jeff's comment he is spot on. The rate of depreciation on people holding on to their vehicles is out weighing their potential savings. BTW, paying a profit is not a bad thing, and your pitch of paying $500 over cost of your third party warranty being underwritten by someone has less value as the repair approval rate and speed is slow based off of your ability to seed money into the account to pay for repairs. Stay at it a while longer and you'll catch up though. By no stretch am I saying your bad people, just saying that your click bait, yesterdays news, and not really saying anything really applicable to todays market at large.

@@jeffmuelhaupt2927 You are correct. We bought 3 2022 Ford products early in the model year. The price increases had not happened yet so they where about the same MSRP of the 2021. Bought all 3 under invoice with rebates from $750 to $3000, also used X-Plan from Ford.