Car Market Update For New & Used Vehicles - Watch Before Buying | SPRING 2024
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- Опубліковано 11 чер 2024
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Car Market Update for New and Used Vehicles in 2024 (VIDEO):
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What Happens to Unsold New Cars? (VIDEO):
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Another quarter-year, another Car Market Update from Ray and Zach! They go over the new AND used car markets and offer insights as to how you should approach each one in the coming months.
0:00 New Car Market Update
10:10 Used Car Market Update - Розваги
My local Mazda dealer still has a MSRP + $3999 “market adjustment” on all of their new vehicles. I’ve never wanted a dealer to fail so badly.
Expand your search area and/or buy through Caredge.
Perjaps that's one reason why Mazda has over 100 days of in stock supply.
Everything is regional, demand is going to vary and prices along with it
Consider flying one way to a Mazda dealer in the upper Midwest and drive your new ride home. No ADMs or dealer add-on’s at most places. Or, use Car Edge as another commenter has suggested.
Got mine for $500 below MSRP and 2.9 % APR. not the best deal compared to pre Covid but a better one on todays market
I went to look at a Ford Raptor the other day. Used with 70k miles, it was $41k. With $10k down, payments were still almost $800/month with a 8.9% interest rate. And my credit is basically perfect. Absolutely crazy. Im going to be driving my current truck into the ground.
Lol that's insane
If you credit score is 780 plus you can get better % rate. Look for it or find a credit union like mine that gave me 5.9 % for up to 84 month.
Lexus was giving 6.4% for 72 month, when I got my Rx-500h.
It is out of control, I know. Hopefully interest rate go down soon.
@@pireina1not really. After 740 credit score, you get the best available rates. Usually credit unions tends to have better rates so many people get preapproved and then during the negotiating basically use that as a bargaining chip ("I'm pre-approved, but if you can beat it, yada yada yada").
Why would you buy with credit, you don't own it. It's financial suicide...
If you crash it while you still have to pay the debt, what then?
@@solmariuce5303there is always GAP and car Insurance
I want to see the dealers sweat a bit more before I buy a new vehicle. I think the manufacturers are going to wake up this summer and realize they need to offer way more incentives to move inventory.
Dealers will always get away with selling at +10k above msrp then they tell the manufacturer that customers used incentives so the dealerships get more money. Manufacturers need to sell directly to the customers. And put these crooked dealerships to jail. On top of this if you get financed through the dealership’s bank they put 5 to 10% on top of your original APR
Or they can let them sit and call for a bail out
It's not really a good time to buy a new car given the prices are still so inflated and only certain makes/models have good financing rates, most are terrible. Compared to 1 year ago (worst time in history), yes, maybe it's a good time, but that's like saying we had super stupid terrible prices, now we have just terrible prices. We were conditioned to think that dealer lots being full is abnormal, but that's really how it used to be, I'm sure Ray remembers :). You used to be able to go to any dealer lot, pick your color and trim, and incentives were very common. You could get invoice on just about any car if you bought at the right time, that was normal. Now that's considered a unicorn situation.
Yes, here In Kansas. I'm looking at the MSRP Chevy Colorado Trail boss truck for $37,300 but it's 10 thousand over MSRP. It's ridiculous, That's slightly over how much MSRP of a Chevy Silverado 1500 cost.
@@NovaValentine000 Wow that's bad. The Colorado in particular is hard because it's in high demand (because it's such a nice looking/well equipped truck), like the new Tacoma. It's a weird market right now, and I think the Colorado didn't have good financing rates last time I checked.
I have a 14 vehicle and I’ve been looking to purchase a new vehicle. I won’t buy at these rates or prices. But I’m wondering how much longer to wait..
@thecarguyonline "True Dat" to all you wrote.
@@cryptofreedom772 Looking at past data/normal years, I think your best prices and financing will come mid to late summer through Jan. Usually March through August is just so so....
Trucks should NOT cost $75,000 to over $100,000.
If we adjust for inflation from 1984 to 2024, a truck with all options should be $35,000!
DO NOT BUY A NEW VEHICLE!!!
DON'T BE A FOOL.
I AGREE
Absolutely correct, but stupid is as stupid buys. The dealers are talking to them and they are thinking that they are missing something! Nevermore, said the Raven!
There’s still a lots of idiots paying over $70K for trucks
You are correct on inflation adjustment but your comparing model T’s to spaceships. You can get base F-150’s for mid high 30’s and they have more options than a truck from 1984.
There is a little more that go's into then just inflation like a loaded truck has a crap ton more options today than in 84 like much bigger cabs bigger nicer rims and entertainment and safety items. Icould legitimately see 45k for a loaded half ton 4 wheel drive crew cab truck
i'll tell you what, I dont have any intention to buy a car anytime soon, don't own or work at a dealership, or have any ties to the industry, but i watch these videos every time they pop up. This stuff is way more interesting than you would think it would be.
Was in a dealer today. Ram 2500. Had a dealer msrp demand mark up sticker in the window. The claimed they never did that. I asked about the sticker......long silence. Oh that's old! I kept asking OTD price and they kept asking trade in, money down and financing. 20 minutes later I get an OTD price from the manager. I asked about invoice price. The manager was really pissed and said no. I told him my OTD price and left. I can wait.
I just tried to buy a ram 1500 limited. 81k msrp. They offered to sell for 67 but had about 4k worth of add-ons like 995 for paint protection and 300 for wheel locks…. 399 LoJack. I took your advice and walked out.
Just buy a used one, they all look the same
Nice
im selling a ram 1500 lone star 2020 with 25k miles. Are you located in texas?
Trucks are ridiculous right now. I bought my RAM Rebel fully juiced in 2020 MSRP 58k for 48k. Today they want to sell you one for 79k and will throw in a 10% discount so 8k. How did trucks go up in price 20k in 4 years. Math doesn't add up.
@@GlennThomas 20% loss in value on the dollar. 58k with a 20% inflation adjusment is $72.5k.
The value of our money sucks.
I don't who is buying ANY car these days. Was at Ford last week. 3 years ago an Expidition limited was 45K-50K. Now $83K. NO WAY!
Makes you wonder if houses are worth what they are actually selling for?
No it wasn’t. 2021 MSRP was 63k. 2024 is 70k.
That's not true at all! LOLOL
I think you meant 13 years ago
@@thomasgarbaty7374 The most disturbing thing is all of these things are not worth that much more. It's that the dollar is worth that much less..
We've seen HUGE inflation, I don't think the current administration is admitting how bad it's actually been.
My son-in-law was driving a 15 year old Malibu with 60k (been paid off for 5 years) when a deer totaled it. He is now having to drive an 11 year old Outback with 120k but with $300 a month payments for 4 years. Last year I was bragging to a pal that my 16 year old Tundra that I bought in '21 was worth several thousand more than I paid for it. Twenty minutes later a teen crashed into it and totaled it. All I could get from insurance was what I paid for it and even that used to be impossible. I haven't been able to replace it because used Tundra and Tacoma prices are ridiculous.
In Cincinnati, there is a 2014 Toyota Tundra with 187,346 miles going for 30,995, that's fucking crazy!!
Aw man, so sorry to hear that
never say something like "i have never had this happened to me or something like that", universe works in a weird way to prove you, see, now, here, it happened, same thing happened to me, i was bragging about my health to my friends and how i did not have to visit a doctor in years, next freaking day i "accidentally" got one of my fingers cut deeply and had to run to Urgent care. Sorry for the loss on your car man
300 a month?! You could of leased a new car!!
@@BabyMikeVenom He didn't want to RENT one. Besides leases require thousands down.
look forward to watching you two everyday. This is the best news out there, and if you read between the lines it tells you much more! Thanks for what you do
There all 30 To 40% over priced, don't buy any !
You're saying that the MSRP base prices are too high right??
@frankm2145 you are correct!! Caredge is ridiculous!!
go look at car edge pricing same thing.
💯 they're making 300% profit on your buy
@Abc-sl1nf and they use the same tactics as dealers, like, deal only good for 1 day, want all personal info before any pricing, etc
This is exactly what I needed! I've been so confused about the car market lately. It's great to have it all broken down so clearly. Sounds like I should hold off on a used car and look for a new one with those sweet incentives - Thanks CarEdge! 🚘
Agreed!
So glad to be able to help!
lol.
What was that?
I've been hearing this for a year now. If dealers were hurting, they would drastically lower prices to prevent bankruptcy. As far as I'm concerned, these overpriced vehicles can develop lot rot until the batteries die and the tires dry rot.
They must be making bank on service.
It's not all on dealers. Market adjustments were a rip off, but MSRP is factory set.
@@jimandersen3003is this car companies trying to make up for losses?
Thanks for the info. The two of you provide great insight to the market. I also appreciate the video under 15 minutes.
I played the patience game as you 2 have suggested. I sat and waited on a Bronco. Waited until the last day of the month and for the dealer to mark it down multiple times. Got a fully loaded ride with 2k miles for 12k less than the sticker paid. I appreciate the advice of this channel as it saved me thousands...
Would you mind sharing your tactic? How close to the end of the month did you inquire? Did you just walk in and name a price etc?
Last day of the month I just showed up. I set up multiple searches on Autotrader and got to know the market really well. I set it up so that I would constantly get alerts when bronco's with exactly what I wanted for options dropped below a certain price. Once you find one you like , watch to see how fast the dealership drops the price, which should indicate how badly they want to sell it. Check also to see if they bought it at auction or if they took it on trade in as this will also determine how much they are willing to move on price, for anything used of course. The internet is your best friend buying a car. If you have a question, investigate. The more you know, the better off you will be and the more work you are willing to do on the internet the more money you will save buying a car. Be informed, be patient and be willing to walk away. They will make more cars.
@@pumped2behere988 thanks a lot! I ended up buying one about 3-5 days before the end of month and was able to get it about 5k less than msrp. Used but with 3k miles lol so it was basically new!
You are right. The used car price is not going down. Some 23 cars I was researching is only couple thousands lower than a brand new ones.
I’ve been searching in Denver for used up to $25k for an AWD crossover/small SUV and the market is rough. Saw a former rental fleet 2021 with 60k that was beaten to absolute hell inside and out for $25k. Then we drove a 2019 Tiguan with 61k miles for $19.5 that was in worse condition with dents and dings all over it. It was also a former rental fleet vehicle. This dealership also has a sign sharing that they charge a reconditioning fee of $799 on every vehicle. Comedy
My wife has a 2014 Tiguan, 62k miles, always stayed in garage, SE Turbo, cherry little car, 12,200. No smokers. Big sunroof.
Exactly, was looking to buy a used, but a new one was only 3-5 thousand more.
Guys I want to say thank you. Just bought a 2024 Camry and traded in a car I purchased in 2022, due to excellent advise and information I got from you guys my 2022 Corolla was only 200 upside down and I paid no fees and sub msrp for the Camry ! Thank you again for all the good work. I’m a huge fan
Thank you for sharing this consumer info! You guys are the best!
This is great! I really appreciate this! Conventional wisdom has been buy used and I have been having a hard time seeing the value in a used 3-5 year old car/SUV given the exact reasons mentioned. This reassures me that I am understanding the market, despite me not liking it right now.
I almost put down a check for a CX-90 , but after searching for issues on this particular car, I learned that you have to pull out the whole engine pretty much for normal timing chain tensioner replacement.
Yeah, you are right.
Oof, such a poor design.
Haha what a garbage product.
Lol don't get a new sequoia instead. They have their own engine out for simple repairs design
@@80808Oand by extension the Tundra
No games, no gimmick, the OTD prices must be affordable or still NO SALE.
Thank you! I needed this! I've been searching for a used Lexus NX 350h, to no avail, but found a NEW one for only $1K more than the average used one is priced at. I was shocked because I wanted to save by purchasing USED instead. Thank you for this confirmation!!!
I'm about to take the plunge and buy NEW based on the data, this video, and the great price I'm getting on this NEW vehicle! PS. I'm using your concierge service and it's been amazingly helpful! Love you guys!!!
Thank you for all the interesting information. We tend to drive cars until the wheels fall off, so it's been a minute since I've been in the market. I'm looking at possibly purchasing a new lexus and trying to study up on the market.
I see this title on every other video and I’m still waiting for dealers to care 😅. I see mark up and add ons at every dealer in Austin TX with no end in sight!
I think things are very regional. Colorado economy is booming and prices on everything is skyrocketing. Homes as well as decent cars
That’s why I won’t go to Austin to buy cars…
Pretty much the same in Northern California.....anywhere.
Obviously the dealers around here aren't watching CarEdge. 😄
Nashville, too!!
There’s nothing of value in Austin.
-Houstonian
Was shopping around late last year for a mazda cx-90 3.3 turbo a premium plus. The dealers were selling them for 62k msrp plus a 3k-5k mark up. I just checked this week for dealers in the Chicagoland area and saw the same cx-90 selling for 4k under msrp (62k).
I’ve noticed the only car on the market that still has a market adjustment is the Civic Type R, and that’s only in certain markets. Much of the country they’re available at MSRP. Here in California there are a shocking amount of these “limited” cars sitting on dealer lots for months because dealers refuse to lower prices and people are just going out of state to save $10-20k.
Even more limited production sports cars like Toyota GR86s, BRZ, Supras and BMW M2’s are all back down to MSRP. Some cases, below MSRP!
Retired UAW here, I don't understand why automakers are not laying off. Layoffs are a normal part of working in auto plants and I'm not hearing of any. At this point if I was still working, I'd be reducing spending to a minimum and waiting for a layoff notice. It's just how the industry works.
They will be soon. Every UAW company will be bankrupt before the end of the decade.
Jim Farlay, the ceo of Ford, told the UAW the screwed themselves. He's moving all manufacturing to Mexico. I would say that's a lay off waiting to happen.
Do you guys know if this would generally apply to the Canadian market? How much overlap is there between Canadian and US numbers?
Anyway, love the videos!
The Mazda dealer near me in NH has so much leftover inventory they needed to lease an entire section of the parking lot at the nearby Mall of New Hampshire to park them all. All brand new. There’s a couple thousand of these cars just sitting at the mall… but hey… it also makes the mall look more busy! 😅
Do they still have a market adjustment?
@@vicariousjohnson9823 haha! I’ll have to take a peek next time I’m over there. They have been there since mid-February
@@Wickedpissah138I would have personally just gone there and keyed them all lol
@@TheRealCatofbroken window fallacy
@@TheRealCatof oh yeah I didn’t even think of that… those cars are totally at risk over there. Mall cop security 💪🏼
I just wanted to say thanks for your tips and advice. I just purchased a 2024 Acura RDX Advanced for 6.5% below MSRP using your techniques. Just as a data point, I was able to secure a 7.5% loan as well.
Yikes. Good Loans used to be 3-4%
I like Ray's picture!!!
Thank you for this video. It helped us get a great deal on a new car. We had been struggling with the outrageous used market, but wanted to pay cash. But low interest rates being what they are, it cost me next to nothing barrow enough to buy a '24 Outback Lmt. Super helpful guys thank you🎉
Very good info-thanks 👍.
Great video, hitting all the data points.
Thank you so much you are way too kind. All the best, Ray
Prices r way to high!! So my friend is looking for a used large suv me and him went to a local chevy dealer here in MO we were interested in 2016 suburban with 145k miles! The dealer was asking 23800$ we took it for a testdrive and the transmission was shifting hard and check engine light came on while test driving it!! We came back i told the salesman about check engine light and shifting problem i said can u go down in price he said no we cant do that!!! Not even 500 bucks of !!!nothing!!!! They can keep it!! We laughed and left the dealer!!
just purchased a 29k msrp , 2024 hyundai santa Cruz for 10% off plus 500 doc. Deals on new are getting better as the lots are looking more like 2019 for inventory.
I posted this on Brandon's latest video, too. We're trying to replace a totalled vehicle (young drivers!), but prices are still crazy high on most everything. One owner, no accidents, 186k miles, '08 4Runner at a legit Toyota dealer I looked at yesterday, the dealer wanted $11,600 and they ain't budgin'! Car was an odd mix of taken care of, yet pretty much thoroughly worn out and filthy on the outside (very nice interior, oddly). Like I said, an odd mix. I asked if they were even going to clean it up and detail it and the salesman said "Nope"! And it's not even on their budget lot! If there's anything positive about our situation, when the insurance company paid off the destroyed vehicle they paid us more than we paid for it a year ago! Of course we have to turn around and spend as much or more to get a replacement if we buy now! Not to mention looming cancellation or premium increase. Ugh!
dealership chain locally does non haggle pricing, I tried buying a few cars, they wont come off one penny, but it sets and adjusts as the "market" goes, they say everyone wants to walk in and pay the price listed not deal any, so I wont buy from them even if I have to pay more somewhere else.
Just started following your channel because I'm in the market for a cargo/passenger van such as the the Mercedes Sprinter on the Ford Transit to convert to an "adventure" van. I'd be interested to see a video dedicated to these types vehicles.
I was going to wait until after Memorial Day / July-August to get a CX-50. Good idea? Or should I pounce on one (before May) due to current Mazda inventory levels?
Great automotive buying intelligence, thanks.
Actually if vehicles continue to be “not built”, that means more and more job losses. When job losses continue across the board, i think eventually you’ll see vehicle prices come down pretty fast. You’ll also see much worse, you’ll see dealers going out of business, but before that, prices will be slashed.
And that when we come in and make out like BANDITS!
It doesn't matter how many units are in inventory even if goes over 3M, the prices have to come back to reality, which means 25-45K reductions, yes the loss of 10M vehicle's not built will haunt this market for the next 10-20 years
Thanks!
Purchased a new 2024 Mustang GT Premium Monday. 11.5% off MSRP. Cash deal no extra add-ons. Decent deal considering where prices have been.
Cash? Ok rich man. You didn't even need money off
Because the price is added to the MSRP. A 2024 Mustang GT costs almost double the price of a 2019 Mustang GT.
Where did you buy it from ( dealership’s name)
I'm sitting on 75K cash, I need a new truck . I want a new or fairly new truck. Will I pay today's BS prices? Nope! They can sit and rot! I will hold off until prices get back to something realistic!!! Flunk'em
Put that 75k in Fidelity SPAXXX money market fund and you will earn 5.25 percent interest, very low risk
same here....i have a cherokee trailhawk in great condition, but im at a point where i need to buy a new ride, or spend a few bucks on tires and some minor servicing. All of these dealers i went to so far are thieves, caught them in blatant deception. So if i don't get a great deal, MY deal in the next few weeks, screw 'em. I'll keep the trailhawk, spend a grand, and be happy. Those guys? They better learn how to start eating fenders, or they can starve.
Great Video guys
Can you make a video about lemon laws? I had just purchased a 2023 gmc sierra in October 2023… just hit 4k miles and the truck has rust all over it, doors tailgate, door jams, hood.
sounds like rail dust, a car detailer can remove that.
I am very much enjoying your informative videos. Phew! It seems like the Canadian Automotive Market is a little bit behind that of the USA. I just had two three-year car leases end in June, and I was lucky enough to get a good chunk of positive equity out of both cars towards two new leases. At first, I toyed with buying out the leases and waiting until interest rates dropped to make new deals. With car prices dropping in the USA, I'm glad I pulled the trigger now because my trade-in value or positive equity would have shrunk for sure in the coming months. Chances are, used car prices will drop faster than new car prices.
Thank you for your channel. I’m a new subscriber looking for another vehicle. Hopefully your information will help me.
You guys rock!!! I saved thousands of dollars by watching your videos! please never stop making your excellent content!! ❤️❤️
Hi guys, I need some advice please. I’ve been looking at a few 2024 vehicles. The Mazda CX 90 and the Hyundai Santa Fe. Do you have any recommendations between these two?
Secondly, based on your answer above, would you suggest waiting until the summer or possibly next fall rates and vehicle prices come down more?
Thank you for everything you’re doing. I’ve been researching a lot over the past few months and you guys have one of the most informative channels for buyers. Keep up the good work!
never buy a Kia or Hyundai. ever.
I have started looking at buying a used car. What I am seeing at multiple dealers is they’re list cars for sale but when I arrange to see it I’m told it’s not for sale until they do a service inspection. The last car I looked at has been listed for 12 days. I looked it it and wanted to deal on it but it hadn’t been inspected yet. It’s been two days and still not inspected. Salesman calls and says it’ll be soon. I don’t understand why it’s an issue at multiple dealers. Any idea?
Recently put a deposit for a 2024 Kona SEL. The manufacture incentive was $1000 off and I got a $500 discount. Out the door was $27,875. Good deal? Or should I negotiate lower?
I never buy anything from a car dealership. I only buy cars from old elderly people because they most likely haven't been abused. I get some really good deals from them, too.
I had been leasing for years. My last was a 2019 Lincoln MKC. LOVE the car. Looked at getting a 2023 Lincoln Corsair but WTF the price was crazy. Bought the MKC and will own it until repairs force me to get a different car. (Probably not new)
Just got my Lincoln aviator 7K under msrp. Was a great deal!
Great information, fellas
@CarEdge Start partnering with dealers in the LA - Vegas - Phoenix triangle. You're missing out on a major market. Many in any of these three metro areas would drive to one of the others for a good deal.
I have been waiting for 3 years for the price of used cars to go down. Hasn’t happened yet.
Can you discuss the Jeep Wrangler situation? I rarely see them on dealer lots. Are they still selling well even with their ridiculously high prices?
Great info.
Dang, I wish you had Canadian stats!
Thank you very much Dad and Son we really appreciate your gt8 support and knowledge on the car 🚗 market… and telling us these cheaters dealers Ty💯
About to buy a used ford from a dealer. Was offered 28.8 OTD. How much should I be countering for? Been researching all month. Got a dozen or so OTD prices one different cars. I see the fords I’m looking at are moving pretty slow on the market
Just purchased a Toyota Highlander dealer took over 7;000 off MSRP removed all extras on car . I believe I got a good deal. Thank you Ray and Zach.
How did you manage that? I need tips.
Where do you find the data for days supply? You don't list motorcycles and I want to look into bikes I'm interested in.
Thx guys. Always appreciate the inside the industry info!!! Plan on ordering a 2025 BMW M440i xDrive in summer. My paid-off 2-Series trade-in will be part of planned “down payment.” I don’t know if dealer trade-in offer is legit as Carmax - same model year & equipment as mine, but theirs has 25,000 more miles. Their on-line asking price is $5,000 higher. Yikes.
I’m really looking at getting a newer RAV4 but Jesus these prices are smoking trash.
I got an 23 LE with all dealer options for $31k.
Rav4's are some of Toyotas most reliable vehicles, up there with the Tacomas, my 2007 has 305k on it and keeps on going. There is no shame in getting into a non-new Rav, save the cash, drive it forever
@@fireguy615 I think, it’s because I’m a cheap butt lol. Cars in FL are overpriced unless you go to Miami, even there you’re paying 25+ for a 2019+ newer RAV lol.
@@multikillerpro1 nice! The 24s are 30ish, still insane, I think it’s because the last car I bought was in 2017 and I’m such a cheap butt, lol.
Do not buy new. Just buy a used 5-10 year old beater for a few years until market returns to normal.
Great info
here in Northern VA the dealers here are all still not budging from market adjustments
i guess they are used to dealing with all those rich politicians and lobbyists
Whats the days supply on the gas mustang?
how can we find out rebates in the St. Louis and St. Charles, MO area?
I am interested in a Volvo XC 40 but I have not seen any with that deep of a discount on MSRP. I live in the Seattle area. Where can I find those kind of deals?
Hey gents, what’s your thoughts on stelantis stock price ? Still pushing up even though they seem to be struggling with inventory
I’m in Nova Scotia, Canada & been looking at Toyota, Honda & Mazda, used. I’ve noticed Camry’s, in particular, they’ll get like 5 or 6 in stock, but pricing isn’t dependent on year, trim level or mileage. They are on the lot for a couple of weeks, then sold. But, they don’t get any more for about another month & the whole process starts again. When I asked the dealer about the sporadic inventory, he said, many are looking to buy an SUV, but if there’s nothing available or they get sticker and cost of ownership shock, they go to the bigger car that for some reason is priced the same as a comparable Corolla? It’s just a trend I’ve never seen in this industry.
Awesome. Prices will start going down
Bought a new 2024 Toyota Venza a week ago. 2100.00 off MSRP. Beautiful car.
Wow. How did you achieve that?
Thanks for your stream.
In your opinion, which date is it cheapest to purchase a new Honda?
1. Memorial day weekend
2. July 4th weekend
3. June 30, last day of month and last day of quarter, last day of calendar year
Thxs
Is there a way to neo in a hybrid highlander? There's a 8+ month waiting period due to high demand
I am interested in buying a car next month but, I do not have a trade-in. What do you do when you only have cash for a down payment?
Does this mean I can't get nitrogen filled tires for $300 now?
😂
I listen to you guys often and do not see anything actually occurring which you are talking about. I live in New York. Upstate NY and the prices have not dropped a penny. The Dealers still do not make deals, will not get a vehicle for you and say goodbye if you try to make a deal. Seems the lots are full. More stocked than a few months ago and there are NO DEALS TO GET. Please EXPLAIN.
Agree, just more click bait, every video the dealers are in trouble.
Keep walking. They’ll get the hint. Lot is full because no one is buying. Let them pay interest on that inventory.
The Infiniti dealership by me just stared offering 8K off sedans and 18K off of SUV's.
It's beginning but NY has a bunch of bozos who like to keep up with each other. I'm in NC
I think I’ll wait a few more months to buy, currently looking at a 2024 Volvo S60 T8 Recharge Ultimate
Should i lease a new kia gt fortre w incentives? Maybe offer 20 for the 23 asking price
Whats your thoughts on the market for the F150 raptor? I've seen dealers in southern California still charging $10-25k mark ups on the new 24' refresh models.
Buy out of county or state....I won't purchase in L.A.
How much of this data would apply to the Canadian market?
What does this mean for leasing? If you are stuck in a lease till 2026 with this trend continuing will someone with a lease see a residual decrease?
Norm Reeves Honda in SoCal is still adding $4.5k of “definitely not add ons” to new civic si. It consist of an alarm, door edge guard, ceramic coating, wheel locks, and mats. That’s 15% over msrp, and they would rather hold on to it than make a sale. Oh well.
Oh, magic coatings. A super value. Said no educated person ever.
Penske is another one that's high
I live in Long Beach and purchased my last 4 vehicles out of state cuz LA is so high....has worked out well
I’ve been looking for a Mercedes c63s right now. Could you guys talk about that?? I’ll tune into the next show.
what do you think of the price of the used Lucid vehicles, on your sight there are several with less than 10k miles and under 80k
Be smart. Do not buy a used or a new Lucid. Not smart to buy from a start up electronics company masquerading as a car maker. Also, an EV is a science experiment, constantly evolving. The used EV market is terrible. No one wants an old electronic product.
Can you guys talk about the grand highlander hybrid limited?
I have been looking for a 2500 Ram for a few weeks, dealers barely want to give the 10% of msrp they have for the 230 models. They also keep saying we can only pay auction price for your trade.
It will take another 6 months for prices to be reality based.
Hi. In Florida, Toyota dealers are still asking market adjustment in the 3 to 10 thousand. And people are paying it.
It would be helpful to include problems\complaints with vechiles. A lot of brand new vehicles have issues even to the point they aren't driveable (engine problems, transmission problems, electrical). As well as problems like very high battery discharge rates (leave it parked for a week & you got a dead battery).
Personally I think new vehicle prices are insane.
Yes new prices are insane. As a rule, stay away from CVT transmissions.
@@jayabacromby675
Toyota CVTs have not been an issue. They've been using them since 2000.
@@tharais That's what I've read. However I have read, and have friends who have had trouble with CVT's, Including Toyota, and Subaru. I still don't trust them. I'm not too keen on the eng. dept. of a mfg. deciding how I should drive. Personally I enjoy manuals. I like to have the right gear for the driving situation. However finding a shaker now a days is not so easy. The next best IMO are paddle shifters connected to a multi geared auto trans. A proven technology.
Best wishes Tharais.
I agree with @@jayabacromby675I have a $15,000 paperweight in my driveway. I will NEVER own a Nissan again. 😞
I know of one Ford dealer closing in April.
Dealers in Small markets are in trouble NOT in large metropolitan areas. In NYC and Long Island NY car lots have vehicle 150+ days and won’t BUDGE!!!!
Let them shit on themselves,
I want a 2024 Buick Envision. Going to test drive when available. They look good
I booked my new toyota sienna le trim awd on july 8th 2022 and i am still waiting. I booked my car through Stapp Interstate Toyota in Frederick,CO. Dealer said i am number 2 on their waitinglist since November 2023 and still number 2. I am looking at other options now as its not worth waiting for this car. Dealer said this trim is hard to find and toyota is manufacturing mostly higher trims of this car which is not worth the money.