Same. We have a 2004 Lexus RX and 2019 4Runner. Both paid for. I want a truck but not going to buy something that’s $10k more than it’s worth and be stuck with a 4 year payment.
how much is the average % loan there? Here we can get 0.9% even on a mercedes. Still 0 payment per month is the best! Hope yours reach 1m miles and more!
Stay with the Toyota. Those luxury cars even if you can afford them, have to go to those damn dealerships for literally everything. Maybe it's not for you but sometimes I would like to just drive around the corner to Jiffy Lube and get a 10-minute oil change, air and cabin filter and my tires aired without waiting for 4 hours at a dealership 25 miles away from me and getting charged an arm and a leg
Direct to consumer purchasing would be a dream! You can’t even order what you want at a dealer. You just pay to stand in line and when it’s your turn they offer you anything close to your order based on what comes in via their allotment system. Often it’s way off what you want; different suspension, or even a different package level. If you could order direct from the manufacturer to at least get what you want without a 35-40K dealer markup that would awesome.
In india Ola is is doing direct to customer, but it is one of the biggest scam that is going now. you don't have a physical presence of the manufacture near you when you have an issue. you have to pray to got for the customer care to pick you call from the HQ. you will get damaged goods when direct to customer happens and you will be standing on the road all alone.
Some car makes are actually giving credits to customers on the window stickers. Not defending them but they are at least acknowledging that the customer is getting less.
@@imme267 Certain models of the Mazda CX5 used to include the Bose system but they are not doing that. So for the 22's models, the window sticker shows a "Bose Credit" of $500. Only the higher trims include them
So grateful I bought in summer of 2020... an amazing time because dealer lots were full, incentives were high, and hardly anyone was buying. Heated seats were standard.
Obviously they where the first to have it standard. SAAB was very much in to good inventions. I grow up in the backseat of a SAAB 92 military green and both me and the car was made in the mid 1950s. RIP SAAB.
Heated seats in my 2005 Ford 500, and 2008 Mazda CX7 still working just fine... and like magic you pull out the factory stereo and they both have a double dinn sized hole in the dash ready to shove in whatever GPS Bluetooth satellite radio thing your heart desires.
It’s not a chip shortage. It’s automakers slashed their chip orders prematurely, and home consumer devices picked up and took up the automaker chip cancellations slack. And now the automakers are caught with their pants down. If they didn’t cancel, it’ll be a iPad and TV shortage instead.
Re: Legacy Death Knell. The "tell" will be when legacies' stalled inventories dictate they stop making ICEs & lack of volume EV capacities force them to unload their caches of (old) chips on the 2ndary mkts. Guess who will vacuum up those chips to control generic components that have long been sw integrated, by design, to enable OTAU? Plus, fabs will be limiting advanced chip sales to the likes of Tesla (others?) leaving legacy made EVs with the dregs & further generations behind.
It's not just the chip shortage... dealerships are pricing their vehicles up drastically (gouging in many cases). People want bigger and more expensive vehicles in general. Covid probably resulted in a lot of deaths in the places these vehicles are made. Shipping costs are much higher. The list goes on. One thing I found interesting was that people want to custom order cars. You can do this with Tesla, Rivian, etc. But in the USA's great "free market" system many states have laws literally PREVENTING manufacturers from selling directly to customers (thus why cannot order a Toyota online). Why you ask? Well dealership owners donate money to politicians to make it that way. If we get rid of the middleman prices will come down. Not all dealerships will die of course but the business model will need to change. Trust me once you buy a vehicle without a dealership it's so much better. They are always simply trying to get more money out of you.
Ppl don't want bigger cars, ppl feel they need to get a bigger car because everyone else is getting a big car and they fear getting in a crash with a pickup truck while in a Honda fit. This is an arms race that only regulation can stop.
I would think the dealers would up their used cars sales and service side of their operation, which I understand even now, used cars are hot sellers, along with houses!
Lol I was about to comment pretty much the same thing. Its gross how much dealerships are currently price gauging. I understand that they employ alot of people, who have families to feed, so they will do whatever they can to maintain their bottom line. But come on, there should be regulation in place to stop them from doubling the price of their merchandise simply because their supplier is having production issues. At the end of the day though, what is going on right now will be the nail in the coffin for the "legacy" system. People aren't stupid, they know that cars are extremely overpriced right now, and once they realize that it is the dealership system which is to blame, they will seek out alternatives like Tesla which don't operate under the traditional dealership model.
@@kevinm2025 Toyota last for ever!!! I still see 80s Toyota's driving around like nothing in Dominican Republic. American cars will never last that long.
@@imrytebeehyneu jajaja. No, I don't think so. Those Chevy and Ford are in Cuba because they don't have a choice. Cuban here in Miami and can assure that Toyota is the benchmark WORLDWIDE in reliability in the car industry. 👍
An interesting angle of this chip shortage is that legacy automakers, specifically GM and Ford, have communicated via their executives that even as the chip shortage begins to ease, they will purposely throttle production in order to keep inventories low and maintain high margins. I read this in the Bloomberg terminal.
@@willitbreak5825 That only works for so long. When other manufacturers are starting to mass produce again and are able to get production up to speed, they will take over part of the market share of GM and Ford if those 2 companies did that. And that is not sustainable in the long term.
The issue with that theory is that last I heard the automakers use older chip designs. All the new fabs being built are being built with the latest and greatest tech. So these fabs wont really help the automakers. I dont really see any companies willing to build a Fab based on older tech. Part of the reason I guess they use older chips is because they have been proven to be reliable. It takes time and lots of testing to certify a chip , so they are not likely to use newer designs. Chip fabricators are always looking to shrink the manufacturing process as thats how you get more usable chips per wafer. Older designs are based on a larger manufacturing process which means less chips per wafer. Thats going to be the issue.
GM dealer- “we are reaching out to our existing lease customers six months ahead of lease end to let them know market is not the same. They really need a new car. They need to order now”. In reality, those customers can easily buy their existing lease vehicle at the predetermined price which is way way cheaper or even sale them at higher price right after to off set some of the crazy current price. These dealers will do the same but the money will go to those greedy dealers pocket without any help to their customers.
It's true that they CAN but I'd wager most don't want to. The primary goal of leasing a car, besides a cheaper payment, is so they get a new car every 3 years or so. Them calling and being proactive isn't them trying to convince them not to keep their current car. Your logic here is extremely flawed. They are just helping their customers, with a little "buy your car here" obviously. It's a business after all).
@@mccalejk2 so if the lease term is over, customers can just buy the car and sell it elsewhere at a higher price to off set the above MSRP price that those dealerships are charging their customers. You know very well, dealerships will get the lease cars back and sell them at a higher price citing the higher demand. And as I mentioned before they will also cite the same logic of demand and supply to sell cars to the same customers at above MSRP. So profits from both ends! Its not “business after all logic” it’s pure greed!
I was contemplating a new vehicle; until I brought my 2017 Ford Raptor in for an oil change. Now my sensors, on the rear bumper, does not operate the same. I've brought it back to Ford 4 times now. They are trying to convince me nothing is wrong. I, absolutely, know something is wrong. I need to delve into the operations manual and see what the issue is.... I'm starting to believe, they removed a chip from my vehicle.
I am driving my 17 years old Toyota Sienna with 315K miles on its odometer, I don’t have to think about buying a new vehicle anytime soon because it’s still running flawlessly without any issues down to the shock absorbers, struts, AC, upholstery and paint are all original. I can keep my Toyota vehicle running indefinitely because Toyota parts are easy to find and inexpensive. My previous vehicle was a 1985 Toyota Supra that I had kept for 23 years and was still running great at 300K miles with its original engine, transmission, shock absorbers, struts, upholstery, electric windows etc. can’t speak the same for other brands I’ve owned except the very reliable Lexus brand which I also have. All my college kids are driving reliable, high mileage old Toyota Camry sedans (3), and a 2008 Honda CR-V which is also reliable at 225k miles. We had an American brand that transmission broke at 80K plus many small but annoying issues. Transmission broke again at 170K so we sold it to junkyard and just stick with Toyota, Lexus and Honda and never have to worry about car shortage again and no car payments.
I ordered a Tesla from their website in less than 5 minutes with all the configuration I wanted. Compared to previous purchases where I had to sit at a dealership for 5+ hours waiting for them to fill out a bunch of paper work. I am still impressed by OTA updates the car receives making it more entertaining, fun, faster, and smarter. Really makes me wonder why people are still buying other cars.
A carbureted V8 wrapped in a steel body and frame is almost always repairable on the go by the driver. Not to mention the rumble and smell is therapeutic every day. I'll never go electric.
You probably paid an extra $10,000 to $20,000 for that Tesla compared to a gasoline car with comparable features. I think I'd gladly sacrifice 5 hours to keep an extra $10,000
@@noseboop4354 you'll end up paying for gas and maintenance what you save on a non-tesla. I own 2 v8 cars but a tesla is way too attractive to ignore as my next purchase
You do realize that, throughout this entire video, we are never told *why* there is a chip shortage? "The pandemic" is not an explanation. Pretty astounded at how that omission made it past the editors. Also, nobody has ever made such a big deal about heated seats. What was that about?
Back in the 90's American chip manufacturers closed and moved chip plants to Asian countries in order to save money and screw American workers now we are paying the price of corporate greed. Some chip plants are being built in Ohio and Texas but they won't be pushing out chips for many years...
@@josegutierrez-co7xp That is part of the problem, another part is the use of Just In Time Manufacturing (not having an inventory of parts, only making/shipping as needed). The chip shortage was starting to become noticeable before the pandemic; the pandemic was just the final straw in breaking the system.
I grew up in the 60’s when everything was an option especially air conditioning, power windows, power brakes. Am radio, am/fm/cassette, etc. no power seats or vent./heated seats. Japanese manufacturers offered fairly loaded cars vs Big 3. Now all the cars have so many options which makes vehicles more costly. I still remember Japanese cars did not offer a/c. It was retrofitted in the USA. It did not work well in my Datsun 240Z.
I own a 2012 SUV with heated leather seats, all maintenance has been performed and currently no issues she runs like a new car, we plan on keeping this vehicle for at least another 5 years, nothing like the smell of a new car although I’m not going to purchase and/or accept a partially built vehicle
Yeah. I bought a lightly used 17, have barely put 15k miles since purchase in late 2018. My dealer calls or messages me monthly to try to buy it off me. But then I’d have to buy something in this insane market and that’s not an option……
Honda should be added on this list. I work for the Honda plant of Alabama and the ship issue is killing them. They canceled our night shift production because of the shortage. Oh yeah they merge with some type of agreement with GM about electric cars.
In my experience, dealerships will not sell even their most basic of trim lines unless they bolt on tons of other unnecessary accessories (that don’t need chips) like paint protection $, roof rack $, exhaust tip $, and the like. All in order to make up for the fact they don’t have enough cars to sell. So of course we end up paying more. Also screw dealerships. More Americans want to build-to-order to get around having to haggle with the financial manager, not because we don’t mind waiting for our vehicles.
What I don't get is that you can't haggle on BTO ... . Over here in Europe you can negotiate over the price of any car, Be it one in stock or one that still has to be manufactured.
I bought a new car about a year ago and was very lucky. It was 34 k and had an 8k factory rebate making it 26k. Now cars of the same kind that are three years old and have 30 to 50 thousand miles are selling for 32 to 34 thousand
Unconcerned the cost to stay there in the Rocks I don't buy new cars ever.. I have a 1995 Ford Econoline E-350 Econoline van and I'm keeping that van for years to come thank you very much..
Tesla also does all their software in house so they can design software for a larger node size if necessary. The other car companies dont do that. All that stuff is done through contracts and since they use way larger chips it's hard to do much improvement unless they redesign everything technologically in the car to fit it on a single chip that's a smaller node size
Yet CNBS has to show Tesla when they say "all automakers are having to cut features" they just can't pass up an opportunity to discredit Tesla. The only thing Tesla cut was a redundant backup from some China-built cars, no essential or noticeable features like heated seats or start-stop on gas guzzling SUVs, like GM did.
Tesla is working with a niche market. Comparing an auto giant's sales volume to Tesla is like comparing Giant Eagle to a local market shop. Supply chain fluidity and internal supply management/manufacturing is far more accessible with lower volumes. Although Tesla has gained traction, you will see 50+ chevy's before you see 1 Tesla outside of California.
What would I ever do ? my life is Over ! And that's the Plan. To Soften up, make week people dependent on them. Docile to a point they don't fight back. Sheep mentality. CIA program has done wonders to Modern Americans. When the Big Collapse hits, which is closer than many realize ? Many people will die. Majority of the population is not self-sufficient
Just experienced this when I bought my Lexus. They had 20 cars on the lot, only 10 of which were brand new Lexus'. I really needed a car and had to settle for a Lexus I wasnt interested in. I got a good deal by paying the MSRP with no markup. Would have never thought MSRP was a good deal. Crazy. Either way, im loving my 2022 Lexus ES350 that I didnt overpay for. Good job Lexus for not marking up your cars!
Once you heat your seats and steering wheel, your back and hand will produce less heat and when you step outside you will have a higher chance of catching a cold
Too many gadgets in cars... Many have forgotten that the idea of a car is to go from A to B in a relatively short time... irrelevant is how hot/cold your bottom is!! I wonder how much SAVINGS you would have if a car would be build without all the gadgets attached to it... AND it would make a killing right now on the market as it would be MUCH easier to manufacture with less electronics! P.S. Heated Seats essentiel? WTF!!
I agree. Just a basic designed car. Not much to go wrong. I’m never selling my 93’ Toyota Pickup. I’m absolutely not envious of the comforts of modern vehicles. Try keeping that computer car for 30 years.
@@nightsinfinite Ok entitled millennial. Why do you care anyway? It’s not like your generation cares about cars. Do you even get your hands dirty to change the oil?
My 2012 Audi A6 pushing 200k miles has heated everything. It burns a little oil but I still get 30mpg. A quart of oil is cheaper than these ridiculous car payments.
Heated seats are overrated. I live in one of the coldest cities in the world and rarely bother turning mine on. Just like any other heating/cooling feature, it takes a couple minutes before it's even noticeable, by which point I've either acclimated to the temperature, or the ambient temperature inside the car has risen. It's a nice feature to have, but wouldn't even factor into a purchase for me
Exactly how many chips do you need for a heated seat? None since it's often controlled by the infotainment system, all you should need is a multi-position switch and some software. Quite often the heating element is built into the seat regardless whether or not that option was picked.
"A lot of options on cars nowadays...theres so much stuff in this thing..I almost feel guilty". Thats the most salesman thing ive ever heard, to feel "guilty". Im paying a lot of money and so yes i would like a lot of nice features and options. That guy permeates that car sales experience.
Wouldn’t that be cool if they make a car with NO chips? Like a 90’s car. No computer, no unnecessary comforts, no complex add on’s. You know, reliability. That would be cool.
Im an exotic dealer. With brand new vehicles. I have never seen soo many issues. No starts on, engines going, steering failure’s etc. Mostly on 21/22 vehicles. Problems we did not see on 19/20 vehicles. It could just be a fluke. Definitely strange and embarrassing. Especially when we pay more, and so does the customer.
The Lyric makes the model X look like a sad econobox -it's even more disturbing when you compare to a model Y that is priced similarly. Tesla still has far more EV capacity, and supercharger network in CA, but their offering looks sad against '22 and '23 models.
Maybe I don't understand the market, but why can't people simply hold on to their old cars for a while? Mine is 10 years old; sure, it's beaten up, scratched etc, doesn't have the latest tech, but it runs and drives ok. Paying above MSRP in the US is just crazy.
That’s why Tesla has been far ahead in this game designing and manufacturing their own chips. Similar to apple moving everything to their SOC platform. Sandy Munro highlighted this in their plaid tear down.
Re: Legacy Death Knell. The "tell" will be when legacies' stalled inventories dictate they stop making ICEs & lack of volume EV capacities force them to unload their caches of (old) chips on the 2ndary mkts. Guess who will vacuum up those chips to control generic components that have long been sw integrated, by design, to enable OTAU? Plus, fabs will be limiting advanced chip sales to the likes of Tesla (others?) leaving legacy made EVs with the dregs & further generations behind.
Completely different story. Tesla isn't reinventing the wheel with any random chip such as the ones most car manufacturers are short of, rather they have made custom chips for their self driving stuff, because there simply is no generic for that. And they absolutely do not manufacture those themselves, Tesla has zero chip manufacturing capacity, rather their FSD chip is made by Samsung. If it helps them with chip shortage at all, it's entirely incidental that due to their not very high volumes they were forced to order multi year supply all upfront or thereabouts and thus have enough supply. As far as the entire rest of the car, they are in the same boat as all the other car manufacturers, constantly scrambling to redesign everything based on chip availability.
@@aleksandersuur9475 not at all. In a comparison videos showing the difference between a Hyundai Ioniq5 vs Tesla engineering wise, normal cars like ioniq were using 5 different CPUs with canbus for different applications whereas teslas one SOC was doing all those same tasks. And offcourse they are not making it themselves just like Apple doesn’t make chips themselves. But similar to apple they are not reliant on other manufactures to make a chip that everyone wants. Example the same family of Qualcomm and TSMC chips are used in many cellphones and cars so many different companies want them. Whereas because Apple and Tesla use a completely different design that only they use, they don’t have to go after that same chip so they are not in that competition.
Honestly, the problem is that there's TOO MUCH tech in the cars now. Just a Radio and bluetooth. No need for other things when your phone can be the speakers
Heated seats are just one more thing that can go wrong. About the woman in the video saying leather seats in cold temperatures is nuts, I completely agree. It's also nuts in hot weather. That's why I picked a car (used) with fabric seats. Bring back velour. It was so much nicer.
It's common practice now for the auto salvage companies to completely strip out every ecu and module now as they are gold dust items to the 2nd hand car market and people needing to fix their vehicles now..
The fact that we’re not in a recession worse than 2008 kinda amazes me seeing how the pass 2 years has gone ….. but I wouldn’t be surprised if it happens soon
My 10-year old car parked primarily outside in the Northeast asks what are heated seats? But I can see why this is a luxury once you experience, you don't go back.
I hope dealership finally collapse, if you think about it’s the dealership that are causing vehicle shortages with them wanting randomly equipped vehicles to fill their lots, just let the damn people order their new vehicle directly from the auto makers.
Remote starters heat up your car before you drive them. That is good for the motor. Jumping in a car in -20 degrees and just taking off before your oil comes up to temperature is bad
No it isn't, its a conversation starter for a broader discussion about the on going chip shortage which has drastic implications for US infrastructure (since all the new equipment is designed with chips).
Yeah it's business news... CNBC literally stands for "Consumer News and Business Channel"... Next up: "The Current Russia-U.S: Tensions, Explained", brought to you by ESPN
@@AleksandrStrizhevskiy No I'm prertty sure its the distraction to keep you from noticing how much ICE car sales are down. And the lie to keep GM "investors" from running.
People don’t realize what they really need and don’t need. Cause I ask myself what did we do before heated seats? I rather have quality and far less tech myself.
Me as a consumer they come up to me and tell me that I have to choose I will go to another dealer because it’s not right that you offer something and cannot sell it because you don’t have chip, then I star shopping around whoever has it get the sell…
Heated seats? (Laughs in Chicago winter). A good jacket and gloves will do way better for in AND OUT of the car. Also as other mentioned. Floor heat vents for feet and high ones for hands are enough lol.
I'll stick with my 17 year old truck that has 215,000+ miles on it running like a top. No payment baby! Bluetooth, heated seats, 4wd, leather seats, sunroof, cruise control, I changed every bulb inside and out to full led, upgraded to performance pads and rotors and more. Why would I give that up for a payment?????
lol…. Tesla doesn’t make a lot of cars compared to other manufacturers like Toyota for example, and Tesla doesn’t have a lot of features/custom configurations that other manufacturers have, tesla has been caught selling cars with missing parts, stop lying.
Combined with collapsing demand and increased prices, ICE auto is doomed. About two more years before it is considered “stupid” to buy anything but an electric vehicle. Hopefully GM gets another Chinese bailout.
One thing to note is that engines became a lot more efficient as well, that V6 will not be as strong as a modern V6, but doesn't really matter as more than strong enough.
i never had an air cooling/massaging seat, heated steering wheel before.they cant do this. they just cant!?...OH wait...there ARE other manufactures are there
Give me a car with no Traction Control, no Pre-set Radio stations, no Entertainment Center, no Heated Seats, NO NOTHING, It's just a car for God sake, not an Entertainment Center on wheels, just give me a Manual Transmission and I will buy it now.
Given the laws, my 2013 Mazda has traction control, but it lacks heated seats, entertainment center, leather, power locks, steering wheel lock (yes, you can turn the wheels right round without keys in the ignition), and comes with a manual 5-speed. Original clutch too. It’s mine though. You can’t have. (Insert Golem noises here)
Ive been selling cars for over 20 years and I will say that most vehicles are selling 1-2 months prior to their arrival.THey are not arriving partially complete.I believe this is exclusive to domestic manufacturers that they are sitting awaiting components.If you want a vehicle these days be prepared to may markups thousands of dollars over the list price and seek the vehicle you want agressively.It is a sellers market and will remain this way until this matter clears.
This is what happens when US has become more engrossed in social media and not enough are interested in manufacturing. Now, they feel the dependence on microchip shortage and they can't do anything about it. While TSMC are building a new plant in America it will take years before it is completed.
I wish these pieces had more perspective around the customers, and the clients. Not victim impact statements, but a real informative perspective that helps them... Instead of bolstering the Corporate lines, rhetoric, and "propaganda" that got us into this mess in the first place.
if you get cloth seats there is no need for heated seats. leather seats are ridiculous in the winter and in the summer, they are comfortable in only a very short period of time.
This is a great point. I have always preferred cloth seats to leather. They don't get too cold in the winter, or too hot in the summer, and they're more comfortable. Some leather seats are really hard until they break in, so that it feels like you're sitting on wood. The problem is it can take a long time for those seats to break in to the point of being comfortable. Unfortunately most cars manufactured in recent years either have no cloth seat option, or it's only reserved for the lowest trim level of the car. I wish they would bring back cloth seats as being predominate feature, with leather being an option, rather than leather being predominate.
I just bought a used BMW. I'm very sensitive to cold, so I was looking SPECIFICALLY for heated seats and steering wheel. I would prefer to buy Used with the features I want, rather than New and missing the features I want. Question: why not extract chips from old vehicles, and use them in new builds?
Because those chips are not the same. Not only that. The chips have an expected lifecycle(say 15 years). There's no way you can put this in a new car and expect it to go another 15.
The problem with society today they're too comfortable they want everything made for them .you don't need heat in a car.. can you put the heater on in the car or the vehicle and you 6 inside you'll eventually get warm so you do those extra things a crap and more expensive when they break down..
I guess i lucked out buying my 2020 corolla right before the price inflation. They were begging to get rig of it when i bought it, and soon after the dealership wanted to buy it back. Yaeh, no im good😂
Nothing like spending a $100k on a new GM truck and no heated seats or wheel. Still no solution in sight. I'm such a sucker. 5 months later?? And still no word from the dealer?? Embarrassing. Good thing I'm not waiting 5+ months for more toilet paper!
Buy an old school Mercury Grand Marquis for a back up car like I did. Easy to get parts for, comfortable and you’ll always get your money back when you decided to sell, when and if the chip shortage goes away in a couple of years.
I'll keep driving my 2002 Toyota thanks. And yes it has heated seats, and doesn't need a stupid chip to power them either, just 2 wires for high and low function....
