Audi & BMW Are BROKE: Rich People Finally Feeling The PAIN

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  • Опубліковано 8 гру 2024
  • The German auto industry is crumbling, and this time, it’s the wealthy who are feeling the pinch. BMW profits are down 84%, Audi is reeling with a 91% drop, Volkswagen is down 64%, and even Mercedes-Benz has plunged 58%. The luxury car market-once a playground for the rich-is now a battlefield of losses, and the fallout is hitting the elite where it hurts.
    Why are the icons of wealth and status suffering? Is it competition from EVs like Tesla, poor financial decisions, or a global shift in priorities? And why is no one talking about how the rich are finally getting it shoved up their rear?
    In this video, we’ll expose the forces behind the collapse of these automotive giants and explore why the wealthy can’t escape the pain this time.
    🔧 Topics Covered:
    • The devastating profit losses for BMW, Audi, Volkswagen, and Mercedes
    • Why the luxury car market is in freefall
    • How this economic shift is finally hitting the 1%
    💬 Share your thoughts: Is this the beginning of a new era where the wealthy are no longer insulated from economic downturns?
    📢 Don’t forget to like, subscribe, and hit the bell icon for more hard-hitting takes on the automotive and economic worlds!

КОМЕНТАРІ • 321

  • @wizzyno1566
    @wizzyno1566 7 днів тому +84

    No. Rich people are still rich. Its poor morons who thought they were rich that are in trouble.

    • @stephenmorton6180
      @stephenmorton6180 5 днів тому +1

      totally AGREE

    • @kennixox262
      @kennixox262 4 дні тому

      No, rich people may be rich, but wealthy people have the luxury of time, while sufficient funds to pay for things by not financing unless there are tax benefits to do so. There seem to be a lot of "rich" people where I live but a few of us are wealthy. They run themselves ragged making themselves rich while the rest of us enjoy the quiet luxury of multiple streams of investment income.

    • @BillLaBrie
      @BillLaBrie 4 дні тому

      Yeah and the latter are the mass market for luxury goods.

    • @Sidewinder426-dk9lw
      @Sidewinder426-dk9lw День тому

      It's not what you make, it's what you save / invest for the future "you".

    • @kennixox262
      @kennixox262 23 години тому

      @ Save more, spend less and don’t get ripped off. I earn income while I sleep , sit on the toilet etc.

  • @BlackBirdieGolf
    @BlackBirdieGolf 3 дні тому +34

    Rich people lease those cars through their company so they can write off the payments. Sales are down because the middle class can't buy them anymore because the prices are out of reach.

  • @williamkinkopf7125
    @williamkinkopf7125 7 днів тому +80

    The thing is you can go to a Ford, GM, or any CJDR dealership and see these same prices on Jeeps , Tahoes and Expeditions.

    • @S_Paoli
      @S_Paoli 3 дні тому +4

      always buy US-made cars.. they are better and much more reliable.... (edit: sorry... can't even finish that sentence... I'm not very good at making up stuff) 🤣

  • @Dark_Vader888
    @Dark_Vader888 6 днів тому +50

    BMW is having issues because they look extremely ugly after the new chief designer 🤡 Domegoj Ducek took over in 2018. Thank god he was finally fired earlier this year.

    • @revnation_auto
      @revnation_auto  5 днів тому +10

      That guy sucked terribly.

    • @harold6863
      @harold6863 3 дні тому +2

      They should have kept him on. He was doing a great job wrecking the company 😂

    • @The1KovacsAttila1
      @The1KovacsAttila1 3 дні тому +4

      Probably he got hired by Jaguar! 😂

  • @MarkNelson-q5m
    @MarkNelson-q5m 6 днів тому +33

    Rich people aren’t feeling the pain. It’s the people who want to give off the illusion of wealth who are suffering. Yes sales in China are down, that’s not a reflection on BMW and Audi alone. All the foreign manufacturers have experienced a drop in sales.

  • @xavierhernandezpena5644
    @xavierhernandezpena5644 5 днів тому +45

    Car makers have
    abused their customers for a long time offering cheaply made expensive "premium" vehicles that are impossibly expensive to buy and maintain.

  • @adam1885282
    @adam1885282 7 днів тому +44

    "Rich" people don't use credit and leases to purchase luxury autos. I suspect this is more fallout from the impending credit collapse.

    • @kennixox262
      @kennixox262 6 днів тому +4

      The only time I would consider leasing a car would be to use it as a business tax write off.

    • @jerrylundegaard2592
      @jerrylundegaard2592 6 днів тому +4

      I work at a major company corporate office. Many, many six figure incomes, some seven figures. Most lease their luxury vehicles.
      Why? Because they know how to lease well.

  • @5150Rockstar
    @5150Rockstar 7 днів тому +39

    I remember seeing my first Lamborghini countache on Rodeo Drive in 1987. The price was $100,000 and I thought it was madness. Today the average car is that price.😂

    • @wizzyno1566
      @wizzyno1566 7 днів тому +6

      The average car is half that.

    • @jed5446
      @jed5446 7 днів тому +9

      @@wizzyno1566 The average truck is $75,000. That was Porsche 911 money in the 90's...

    • @squirreldriver
      @squirreldriver 7 днів тому +4

      That's almost $285K in today's dollars.

    • @petrolo72
      @petrolo72 5 днів тому +5

      What that should tell you is you need to study how the government has diluted the money value over decades. All Fiat currency is losing value, some faster than others, start looking into hard assets like bitcoin and gold for wealth preservation and even wealth building when it comes to bitcoin

    • @sam8307
      @sam8307 4 дні тому +2

      @@petrolo72👏👏👏👏👏👏👏👏👏. I’m glad somebody on this chat gets it. You can either make videos calling rich people names or you can study and get rich yourself.

  • @dapperlygrungy3189
    @dapperlygrungy3189 7 днів тому +52

    I hate BMW! I don't know what I was thinking when I bought a new unreliable 325i in my 20's, which I kept for 11 years. And then here I go again, trading in the 325i for a new X5 right after. Both cars were so unreliable and the costs to maintain and repair was astronomically unethical. Both had electrical issues too. I missed so much time at work taking these cars at the BMW service center BMW's are junk. Do not get enticed by the design.

    • @jerrylundegaard2592
      @jerrylundegaard2592 5 днів тому +1

      I have had many brands over the years. Later model BMWs have been the best. Current BMW is five years on the job. The only costs are a new set of tires from a local tire shop, a couple of oil changes at the BMW dealer ($100 each) and a defective rear signal fixed under warranty.
      Other solid brands have been Honda, Toyota, Mazda.
      The worst brands have been Ford, Dodge, Kia and VW.

    • @BillLaBrie
      @BillLaBrie 4 дні тому

      Some people golf.

    • @IvansBikesBmws
      @IvansBikesBmws 4 години тому

      Sounds familiar

  • @Rich_present-777
    @Rich_present-777 7 днів тому +33

    BMW - Bring My Wallet

  • @Neklar
    @Neklar 7 днів тому +28

    I'm delighted for BMW. If they made cars like they did long ago maybe they'd sell.

    • @damirzanne
      @damirzanne 7 днів тому +6

      We can say the same thing about all other car brands

    • @wigwam622
      @wigwam622 7 днів тому +3

      They used to be quarter million mile cars.

    • @Neklar
      @Neklar 7 днів тому +1

      @damirzanne I have a 2017 2.0 TDI Skoda superb with 170000 miles on it. No issues apart from a clutch & flywheel at 150000. It has been wonderful so far but I take very good care of it. But you're right, almost everything today is rubbish.

    • @jerrylundegaard2592
      @jerrylundegaard2592 5 днів тому +1

      Locally (DC area) BMWs are selling very well. And the dealers are dealing. Audi as well.

    • @Neklar
      @Neklar 5 днів тому +1

      @jerrylundegaard2592 There must be plenty of foolish people throwing money away. The only way I'd have a new Audi being if it was leased & written off as a business expense. I would not have any new Audi out of warranty as very few new cars are made to last as well as my old Audi A4 from 2003 .

  • @antonio576
    @antonio576 7 днів тому +17

    And don't forget, $250 just to start having BMW look at your vehicle

    • @damirzanne
      @damirzanne 7 днів тому +6

      friend of mine just got quoted $650 from a dealer to replace a window motor on old Buick , he did it himself for 60 bucks … $250 won’t get you much anywhere , not just BMW

    • @18_rabbit
      @18_rabbit 3 дні тому +2

      @@damirzanne exactly! regular car repairs now are unaffordable, at any shop, even w/ used parts! It's rapidly become difficult to own a used car!

  • @loum.4377
    @loum.4377 7 днів тому +24

    This will always happen when you try to GROW way to fast. All German car companies make too many models, get rid of the BMW 1's and the 2's. cut some out of the others, or loose your company. This is why the resale price is terrible. Audi is a very temperamental car. Repairs will kill your wallet. VW stay away!!

    • @KevinUrban-u1z
      @KevinUrban-u1z 7 днів тому +6

      Resale price is terrible because that's what their actually worth. They sell for what the engine is worth. They are a crap shoot. One can last another 100k or 1k no telling how they have been cared for and being maintained by the dealer means nothing. They only maintain them ok enough to get thru warranty.

    • @don-cw1yz
      @don-cw1yz 2 дні тому

      The BMW X1 is actually the BMW entry-level vehicle and is actually the most reliable model they make. The X2 is basically the same vehicle just smaller. If you want one 2019 and up rate pretty good for reliability. One of the issues with BMW is they charge a lot for parts.

  • @tomr6558
    @tomr6558 7 днів тому +26

    Rich people vs wealthy people are very different.

  • @PrepperDawg
    @PrepperDawg 7 днів тому +21

    BMW, Benz, VW and Audi all overpriced and bad quality. Let them sit and eat it. Good video!

    • @damirzanne
      @damirzanne 7 днів тому +3

      you haven’t been out there shopping for a new car lately , haven’t you?

    • @jerrylundegaard2592
      @jerrylundegaard2592 5 днів тому

      So says a guy clueless about BMW.

    • @johnadair6108
      @johnadair6108 4 дні тому

      @@jerrylundegaard2592 latest reliability ratings have BMW rivaling Toyota...so there's that...

    • @18_rabbit
      @18_rabbit 3 дні тому +2

      @@johnadair6108 only bcuz toyota is having their first hiccup in their entire history!

  • @kennixox262
    @kennixox262 6 днів тому +17

    I think that as usual there is a massive confusion between "wealthy" and "rich". As a wealthy person, purchasing a car is not a big deal. Once the details are ironed out, I call my advisor to wire the funds to the dealer. I think that what appears to be "rich" people buying expensive cars and things are high income earners living paycheck to paycheck. That is not how the wealthy live.

    • @SuperUnknown1967
      @SuperUnknown1967 5 днів тому

      😂 piss off.

    • @sam8307
      @sam8307 4 дні тому +4

      I couldn’t agree with you more. Also, there’s nothing wrong with being rich or a high income earner buying things that you want. People who make these videos and refer to successful people as scumbags, etc. etc. sound extremely childish and sounds like they are not where they want to be in life and are looking for others to blame.

  • @BurtBowers
    @BurtBowers 7 днів тому +23

    Anyone who pays thousands for these piles of trash has got serious mental issues..

    • @revnation_auto
      @revnation_auto  7 днів тому +5

      They’re crap for sure

    • @KevinUrban-u1z
      @KevinUrban-u1z 7 днів тому +1

      What most people don't understand is the people who buy these cars do it for tax reasons. Waste it on a new BMW or give it to Uncle Sam. They are paying very little for them in the end.

    • @KevinUrban-u1z
      @KevinUrban-u1z 7 днів тому +3

      Btw. Audi is not just a Volkswagen because it uses Volkswagen parts it also uses Lamborghini parts. That doesn't make it a Lamborghini either. This guy is slow.

    • @damirzanne
      @damirzanne 7 днів тому +3

      @@revnation_auto why, because you can’t afford one?

  • @damirzanne
    @damirzanne 7 днів тому +15

    if you don’t want to pay 50K for BMW SUV , you can always go get a Jeep Gladiator for the same price , or if $140K sounds too much for loaded BMW 740 , you can get a nice Dodge pickup truck for about the same price … average car price in US is around $50K … and if BMW crashing profits are bad, think about 1000 workers who just got fired by Stelantis at Wrangler assembly plant…

  • @jed5446
    @jed5446 7 днів тому +16

    IMO, you're only "rich" if you have enough money that new car and home prices mean nothing to you. If you have a million dollars, you are only upper middle class.

  • @JenHamon
    @JenHamon 6 днів тому +6

    Billionaires are the problem. Mass market luxury customers are not the problem.

  • @Kevin-mk6jo
    @Kevin-mk6jo 7 днів тому +20

    NO BAIL OUTS!

  • @antonio576
    @antonio576 7 днів тому +10

    Was just filling up at Costco, Premium was $ .70 more a gallon, insane. None of these care are worth a damn. WAY, WAY over priced

    • @jerrylundegaard2592
      @jerrylundegaard2592 5 днів тому +1

      If you worry about that $.70 a gallon, a BMW/Audi is way beyond your ability to buy.

  • @sabastian4858
    @sabastian4858 7 днів тому +28

    I don't see your correlation with rich people and this car market. Most of the people that I know that have money want to teach other people how to do the same thing. Rich people buy time, poor people buy things and ambitious people buy knowledge.

    • @KevinUrban-u1z
      @KevinUrban-u1z 7 днів тому +4

      This man sure sounds bitter about being broke. I think he needs to lift himself up by his boot straps. Put down his phone and get to work...

    • @Patri_Fides
      @Patri_Fides 6 днів тому +1

      I don’t care how much money you got. You can’t buy time. Your money won’t save you from the grave.

    • @FrankBennett-kb7xs
      @FrankBennett-kb7xs 6 днів тому

      Plllleeeaasse...People with money have money because other people dont have money. You are delusional and a fool....I know people with money as well and the last thing they want is other people having a financial upper hand where they could potentially be their competitor...

  • @JocelynClairmonte
    @JocelynClairmonte 7 днів тому +20

    What is your issue with wealthy ppl?

    • @brokeboy87
      @brokeboy87 7 днів тому +10

      His point about a billion dollar company can get tax breaks and bail outs from the government, while the working class gets treated differently.

    • @revnation_auto
      @revnation_auto  7 днів тому +11

      I support capitalism and hard work. Handouts and unfair advantages are neither of those.

    • @sam8307
      @sam8307 4 дні тому +2

      @@revnation_auto I apologize for my previous comment. I understand and agree with you 100%. Rivian is a company that deserves to go under and the government has no business giving them our hard earned tax dollars. I couldn’t agree with you more. Again, I apologize for speaking before watching the whole video. You are 100% correct.

  • @stevehc1856
    @stevehc1856 7 днів тому +7

    German cars are high price and high maintenance. Buy at your own risk. Only if you have $$$, otherwise it is impractical for regular middle class consumer.

    • @damirzanne
      @damirzanne 7 днів тому +2

      Just like about any other cars , unless you want a Nissan Kicks or Corolla … try to take your car to Buick dealership and see what happens… or any outer dealership for that matter

    • @ishmaelmccormick4678
      @ishmaelmccormick4678 5 годин тому

      Most of the people with new ones are leasing. Audis out of warranty are terrible and expensive, Benzes are expensive. I have no ownership experience with BMW and probably never will…

  • @jajupa78
    @jajupa78 5 днів тому +5

    Well, if they built their cars to last more than 24 months, this probably wouldn't be so bad for them. The world will be just fine with no more BMW/drivers...

  • @darylkariko4881
    @darylkariko4881 7 днів тому +8

    Hope ppl are realizing you don’t need to spend 100k for a vehicle you will be tired of way before it’s paid for. Then it’s worth nothing

    • @KevinUrban-u1z
      @KevinUrban-u1z 7 днів тому +2

      If your not writing one of these cars off as a business expenses you have no business buying one. If you do. Your mathematically challenged.

  • @DarthVader-1701
    @DarthVader-1701 6 днів тому +4

    Rich people generally buy reliable vehicles like previous generation/older Tacomas and 4 Runners. That's how they got rich, by saving money and making good decisions, not buying these overpriced throwaway modern cars.

  • @aa777flyer
    @aa777flyer 19 годин тому +1

    Don't know where you are, but BMW sales are still hot. My local BMW dealer is still churning out 400 cars a month. Selling like hotcakes.

  • @thegoatsrest
    @thegoatsrest 4 дні тому +4

    Maybe it's just ordinary people who used to drive these cars when they were more reasonably priced and often discounted saying no to out of control inflation. In a representative sample of one, I paid £34k for a new 320d in 2018 and then 5 years later I was looking to replace it and a new version with the same spec came out at £51k. I'm quite sure the new model was better but it's just not a price I could or would pay so that was the end of that. 50% price inflation in 5 years, if only my own money worked that hard.

    • @18_rabbit
      @18_rabbit 3 дні тому

      precisely! global mkt ,same here in the US, even w/ low end brands, japanese in particular, the prices and segments jumped up dramatically.

  • @chriskatts9019
    @chriskatts9019 7 днів тому +6

    Thanks for the reporting rev, keep up the good work.

  • @dillarddillard-p4e
    @dillarddillard-p4e 5 днів тому +6

    Audi- the worst decision you will ever TRY to keep running. Our Dr. had one that sat and rusted in his back yard because mechanics could never find why it wouldn’t run. We also had a little used gas saving Audi, it was in the shop so many times, we traded the @#$%^ thing in on a used Toyota , no trouble w it at all!

    • @dillarddillard-p4e
      @dillarddillard-p4e 5 днів тому +2

      Sorry if my comment doesn’t really fit your topic. Just venting here, hoping i can help someone from getting taken, even on a used one.

  • @johnpetrakis379
    @johnpetrakis379 7 днів тому +5

    We're now in some very strange territory where the old Chinese curse applies "May you live in interesting times" All of the wannabe endless status seekers, the fake rich (not the truly rich, they have more sense than this current lot.) all getting their comeuppance So, now we are truly a 3rd world country with a Gucci bag, although that's probably fake

  • @lifestooshort6801
    @lifestooshort6801 7 днів тому +9

    Those large kidney shaped grills 🤔 Believe they evolved from the Chinese market, lol.

  • @FrankBennett-kb7xs
    @FrankBennett-kb7xs 6 днів тому +5

    Most of you here who criticize the content producer for his qualms with the elite class, Ceo's, and assett management firms are too naive, unintelligent, and apathetic to understand what Blackrock is , ESG, who Larry Fink is, and most certainly what Fink's early life history is....

    • @18_rabbit
      @18_rabbit 3 дні тому

      i can't recall Fink's early life history, pls inform us!

    • @FrankBennett-kb7xs
      @FrankBennett-kb7xs 3 дні тому

      @@18_rabbit Google Larry Fink's early life history on wikipedia as well as Rob Capito. Honesly all of the ceo's except one share the same early life history. I cant share the results here or otherwise the information will get deleted. Hopefully you can pick up on the pattern recognition and not try to deny the significance of the information.

  • @squirreldriver
    @squirreldriver 7 днів тому +6

    I don't know if you have been paying attention, but the rich are doing just fine. A big problem for BMW and the like is that the aspirational middle class is not feeling as good about their prospects with the IT sector shrinking and AI starting to threaten whole categories of high tech employment. German luxury has also been a victim of its own success...these cars do not look or feel all that special. Tesla has taken a bite, for sure. But where the BMW 3-Series seemed like a rite of passage not so long ago, they seem invisible now.

  • @lot2196
    @lot2196 5 днів тому +2

    I love my BMW. A 2006 F650GS motorcycle I bought from a Craigslist add for $3,000. Perfect bike for the last 5 years.

  • @e4300
    @e4300 7 днів тому +4

    Just a note that many responses on here REFUSED to mention or either they are not smart enough to figure it out. Not every BMW consumer is Rich, many of them are typical working class that are trying to impress someone they don't know with borrowed money.

    • @revnation_auto
      @revnation_auto  5 днів тому +1

      My daughter’s mom ran the finance division at a large BMW auto group. The vast majority of their customers are what would be considered rich.

    • @rockinsergio4969
      @rockinsergio4969 3 дні тому

      or just someone who wants to enjoy the car of his youth dream

  • @sumo479
    @sumo479 7 днів тому +9

    If i walk past the shops, pubs, clubs and local restaurants they're all full. I don't see it, people are still spending money into the economy.

    • @kennixox262
      @kennixox262 6 днів тому +2

      Most people have a spending and savings problem .

  • @kimobailey2926
    @kimobailey2926 7 днів тому +14

    Game over ! Get an electric bike !! No insurance , no gas, no parking tickets !!

    • @woooose
      @woooose 7 днів тому +3

      Depends on where you live. Where I live in Texas the police hate bicycles and will take any chance they get to ticket you. Seen another mugshot recently where a guy got arrested on sight for running a stop sign and riding on the left side of the road. Riding on sidewalks is also a ticket and so is not having a front white light and rear reflector. On top of that there's no bike lanes so you have to be smart not to get run over and then there's the high crime rate so you have to carry a loaded gun and be ready for the worst. Thinking about selling my ebike and maybe I'll start riding again when I move to a bike friendly state.

    • @WZPXZMDQRGTHEFYOPBMLNSHOPJBOJT
      @WZPXZMDQRGTHEFYOPBMLNSHOPJBOJT 7 днів тому

      I'm on the outskirts of Houston and have a 33 mile commute one way usually but I can work at various locations closer to further away up to 60 miles away. Of course I'm not justifing a BMW, I'm driving a 20 year old beater. What I am saying is it that it would be impossible to do my job effectively and dangerous if I tried to do it on an electric bike. Bikes only work if you have short commutes in the inner city, you don't need to have passengers ever, and don't need to haul anything more than a backpack which applies to a small subset of the population.

    • @jed5446
      @jed5446 7 днів тому +2

      I'm too old to ride an electric bike to get groceries...

    • @18_rabbit
      @18_rabbit 3 дні тому

      @@woooose are u exaggerating/?? wtaf? i did not know that about TX, if true! Pls try to gtfo of that is fascism central if it's that bad, holy shit..

  • @enemyofthesheeple
    @enemyofthesheeple 7 днів тому +5

    I don't understand how. I seemorr and more regular people driving these very expensive cars

  • @scrapchute7651
    @scrapchute7651 День тому

    Own 2000 Silverado crowding 1/2 million clicks that I bought from original owner in 2002. Paid for 10 times over, faithfully serviced and rust proofed and doesn't miss a beat. Zero carbon footprint and zero negative equity.

  • @OldTimerGarden
    @OldTimerGarden 7 днів тому +3

    Buy used, if you need to buy at all. Only way to make it in this economy.

  • @davcuts2897
    @davcuts2897 7 днів тому +5

    I looked at new BMWs when I took my car to get serviced. They had very few to choose from. The only ones that don't seem to sell is their EVs. BMW doesn't need a bailout, the reasons their profits are down is because of what is currently taking place in China with EVs. The Chinese have basically stopped buying American, European, and Japanese cars. Causing plant closers there. The BMW plant in Spartanburg SC, employs thousands of people where most of their SUVs are built. It is because of rich people those who work at that plant have a job, even if they can't afford the cars made there. So before you wish the worst for them, at least care about Americans who will suffer if BMW goes under.

  • @jdmxxx38
    @jdmxxx38 3 дні тому +1

    I think you are spot on. The cars are full of glam and glitz that costs a bundle, fails often and serves little use. Then it costs an arm and leg to get any of it fixed. Cars are a product gone crazy.

  • @hawkeye681
    @hawkeye681 6 днів тому +2

    The prices you quoted if the $$ just to get into one of these things…. Then u have ALL OF the other expenses…. The higher octane fuel, maintenance visits, PARTS( if you can even try at being a shade tree mechanic)…insurance!
    Insane numbers…

    • @18_rabbit
      @18_rabbit 3 дні тому

      just think about it this way: even the final non turbo BMW straight six engines were so complicated that u cannot find a mechanic here in the US who has the skills to change out a little vital part called the Vanos spring. Our nation is not competent when it comes to euro cars repairs/overhauls etc. It's not practical any longer to own them here as used cars.

  • @MFFL674
    @MFFL674 5 днів тому +2

    i've owned a couple of audis over the years. i used to think they were for the rich. funny that what i used to think was for blue collar workers like pickup trucks are more expensive than some of the top of the line audis. probably more reliable too. my q7 rs is worth next to nothing compared to what it cost new. had multiple issues throughout the warranty period. still making expensive repairs out of warranty still under 100k miles. i will basically buy the car twice. they are vehicles to make you broke more likely.

  • @smoothy8464
    @smoothy8464 4 дні тому +1

    I agree with you wholeheartedly. Also, crazy how pick-up trucks cost about the same these days. Nothing is reliable. Everything has smaller motors with engine killing turbo & super chargers on them.

    • @18_rabbit
      @18_rabbit 3 дні тому

      yeah , ford.. i'd never buy those turbo v6's. What trash

  • @williamgreenwood7574
    @williamgreenwood7574 4 дні тому +1

    Not sure what your issue is with people that can afford to buy luxury cars. The pain is a ripple effect - BMW has invested over 3 billion into SC and employees 23000 workers... all of whom will feel the pain if production slows down.

  • @bmoate19
    @bmoate19 7 днів тому +7

    I’m a rich asshole. I don’t have a printing press. I’m
    A scumbag too.

  • @boeing700
    @boeing700 4 дні тому +1

    If German car companies are truly suffering, it’s only because of their reliability shortcomings. If they offered consistently reliable, luxurious, and non-gimmicky vehicles, they would sell. Lexus has no problem selling their luxury vehicles because although they are not the most exciting, they are some of the most reliable.
    Porsche has no problem selling their super expensive sports cars either. They are reasonably reliable, luxurious, and down right exciting to drive. They have a good formula going.

  • @amazingVideozs
    @amazingVideozs День тому +1

    Its clearly due to super high labour cost , high energy cost that is in Germany...
    Take look at latest chinese luxury cars.. they r far far superior in quality and cheaper.. here in India also mahindra released EV that has all bells and wistles... rock bottom cheap to maintain and they r very good quality...
    Germans must act quickly to manufacturer out EU and reduce cost ama maintenance

  • @d.v.r2933
    @d.v.r2933 4 дні тому +1

    not to mention greedy car companies wanting to charge subscription fees for some features such as seat warmers.

  • @FrankBennett-kb7xs
    @FrankBennett-kb7xs 6 днів тому +5

    These BMW's just like Jaguar and Range Rover/ Land Rovers ( I had a hard time even remembering the exact names of those last two turds) are absolute maintenance nightmares waiting to inevitably happen. They've got more sensors, ECU's, and relays than the international space station and rest assured they are going to go wrong and usually it's far sooner than the idiot drivers of these ever imagine. Generally when it does happen the amount of money it costs for a goofball mechanic at the dealership to fix or replace it all makes even the most strident trust fund douchebags that buy these "vehicles" wince at the price. This ultimately gives the owners a dose of reality that they really don't have near as many shekels as they thought they had...

  • @CryptocurrencyTheory
    @CryptocurrencyTheory 7 днів тому +3

    You can always just buy an old BMW if you like the feel of the ride. They are just like you said junk, like every other car.

    • @18_rabbit
      @18_rabbit 3 дні тому

      lol. No the avg person cannot do that at all unless they have a great shop who is unusually skilled and affordable, and even then, for most ppl, the repairs and overhauls will make it unpleasant or unaffordable. Everything changed in the past decade re this.

  • @night5091
    @night5091 4 дні тому +1

    A loaded Mustang GT is $68k. Everything is expensive. I agree, just wait until year and see how things look.

  • @mpiny
    @mpiny 7 днів тому +5

    Brother, just wait when the stock market crash to rock ‘n’ roll😂🎉

    • @revnation_auto
      @revnation_auto  7 днів тому +2

      Fingers crossed

    • @18_rabbit
      @18_rabbit 3 дні тому

      @@revnation_auto it's pretty well insulated/rigged, i sense. It was my field for over 15-25 years. From '15/16 on i left it behind entirely, lost my passion for all things economics/finance for the first time ever.

  • @MQT-
    @MQT- 2 дні тому

    Most I pay for any car nowadays is 50K total tax, loaded, extended warranty, registration out the door

  • @turbotheamericanstaffy
    @turbotheamericanstaffy 7 днів тому +6

    The servicing costs on those pigs is insane as well. They drive nice for sure, but for how long? The only one I would consider is the M340i. Turbo straight 6. Pretty stout motor. They use to the 530d for highway patrol in Australia and even 2nd hand flogged out ex police beamers have stupid price tags on them at the dealerships. I'll stick with my V6 Camry 👍

    • @revnation_auto
      @revnation_auto  7 днів тому +2

      I just drove the M340i. It’s slow and not very fun at all. Its suspension can’t handle its weight properly. Cornering was a joke. The interior wasn’t very premium. I’d go with a standard 540i.

    • @KevinUrban-u1z
      @KevinUrban-u1z 7 днів тому +1

      They do make very good very detailed service manuals for them and you can buy tools at the store. Just saying.

    • @movdqa
      @movdqa 7 днів тому +2

      Your V6 Camry is now a classic. They are all fours now.

    • @turbotheamericanstaffy
      @turbotheamericanstaffy 7 днів тому +2

      @@movdqa there aren't many in Australia either. Only 4% of all 2018-2021 Camrys sold had the V6. The first one I bought was totaled by a runaway bus. Took me 18 months to find another one in similar condition. But they are smooth comfy cheap and made in Japan. Worth hunting down imo. I'm looking for another one for the wife.

  • @edwardlinne2156
    @edwardlinne2156 3 дні тому

    What people don't understand is the legacy manufacturers were making most of their profits in China. Not only that they are losing other markets like Norway and Australia Thailand Mexica all over the world except the USA and maybe Europe etc.

  • @Honeybatger
    @Honeybatger 7 днів тому +2

    Maybe 60.000 instead of 90.000 for that x5 then some people can afford

  • @Jazzmaster71
    @Jazzmaster71 День тому

    The major problem is their overpriced cars and the stupid path of going down the EV road.

  • @TSinRM
    @TSinRM 3 дні тому

    What is up with calling successful people "scumbags with money?" We live in a capitalist society and as such there are many hard working people who through their savings and investments and/or entrepreneurship have been rewarded financially. Villianizing successful people for buying a luxury automobile just sounds like sour grapes at best.

  • @williamrossetter9430
    @williamrossetter9430 3 дні тому

    Add in the long-term cost of parts, you are looking at a much, much higher pricetag, be it BMW, AUDI or Mercedes. Audi and VW are in huge trouble. Should be an interesting few years ahead for the luxury car market.

  • @johnpetrakis379
    @johnpetrakis379 7 днів тому +2

    finally, the chickens have come home to roost

  • @S_Paoli
    @S_Paoli 3 дні тому

    if I go look around the dealer's lot, how do I determine the number of days the car has been sitting on the lot? Thanks!

  • @larryhollingsworth9131
    @larryhollingsworth9131 5 днів тому +1

    I owned an Audi Q7 diesel Maintenance nightmare, easily spent the cost of the car over on repairs over 7 years

  • @jldp24
    @jldp24 7 днів тому +2

    Just waaay overpriced ..let them feel the pain

  • @ovibee4023
    @ovibee4023 7 днів тому +1

    You are talking nonsense. Bmw leases 70 percent of their vehicles. They have not posted any incentives except on EVs. Interest rates have jacked up money factor rates which is why people don’t lease them or buy them anymore. A $120k m850i in 2021 was $976 and same car now is $1499 or higher.

    • @revnation_auto
      @revnation_auto  7 днів тому +1

      When you lose 90% of your profit and don’t offer incentives means that you have some sort of “reassurance”. There’s bigger issues mate!

  • @jackm.bennett2578
    @jackm.bennett2578 3 дні тому +1

    Gladly driving my well maintained 2008 lincoln navigator, no payments, all the way to the bank.
    Wouldn't spend more than $20,000 on a new car.
    They can keep them on the lot!

  • @movdqa
    @movdqa 7 днів тому +3

    One of my friends just bought an X1. He's a real estate broker in New York and he's very busy. He does deals from $500K to $20 million and a lot of wealthy people have been moving out of the city. He bought his old X1 in 2018 and has had some problems with it. He loves the car though and is just getting a replacement. I'm shopping for a Camry myself but am in no particular hurry.

  • @jonathanvaughn2094
    @jonathanvaughn2094 5 днів тому +2

    BMW's are junk. I have never and would never buy one of these heaps.

  • @allesiofondressi2602
    @allesiofondressi2602 3 дні тому

    I worked in a large Gov't building in DC. The FBI walked a block down and arrested a Govt. contractor alleged to have double billed the US Govt. for 20 mil. The FBI handcuffed him and perp walked him a block back to their building. Now, on Sept 10, 2001, Fmr. Sec. Def. Donald Rumsfeld stated publicly that the Pentagon couldn't account for 2.3 Trillion. Now, admittedly, I'm bad at maff but, I do know that 20 million is way way way waaaayyy, less than 2.3 trillion. My question is, why haven't the big bad brave FBI gone and perp walked old Rummy? Please keep in mind the 2.e trillion is in 2001 dollars, not the super inflated 2024 dollars today. 🤔🤔🤔🤔

  • @footballgeorgiebest
    @footballgeorgiebest 5 днів тому +1

    The X5 is the best car BMW make

  • @biggzaneke1010
    @biggzaneke1010 5 днів тому

    Price is a problem but the loan and financing is a bigger problem and maintenance is really a problem

  • @brianmartin3263
    @brianmartin3263 2 дні тому

    It’s people who try to look rich by driving an expensive German car who are feeling the pain.😊

  • @stuarthipkins8336
    @stuarthipkins8336 4 дні тому

    Even rich people dont wanna pay 90 grand for a car

  • @stuarthipkins8336
    @stuarthipkins8336 4 дні тому +1

    Me former bmw owner...never again.plastic peice of crap..designed to go 40,000. Miles an thats it..

  • @jebe11191
    @jebe11191 День тому

    Why are you calling people who have money but have decided to hold on to it now “scumbags”? Jealous much? If you dont want or can’t afford these cars then don’t buy one. BMW and the like will figure out the market or the market will usher them out. And startups like Rivian sometimes become major players like Tesla and create a lot of jobs.

  • @blest5132
    @blest5132 4 дні тому

    Audi is to Mercedes & BMW what Chrysler is to Ford & GM, what Maserati is to Ferrari & Lamborghini, what Mazda is to Toyota & Honda. Just a smaller company playing catchup.

  • @BigDan12
    @BigDan12 7 днів тому +4

    Those cars truly are ugly

  • @therealcoachross
    @therealcoachross 6 днів тому +1

    They are overpricing everything!!

  • @Dogsbody6162
    @Dogsbody6162 2 дні тому

    You lost me at 28 seconds in when you called people who can afford a BMW ’aholes’. People who can afford more expensive things in life are keeping many people in employment, just in case you didn’t know!

  • @MikeKelsoJr
    @MikeKelsoJr 3 дні тому

    I went a few Times in the past to try to inquire about a sales job a few years ago as an experienced auto salesperson ! They snubbed me like a wasn’t good enough to work there !?

  • @allesiofondressi2602
    @allesiofondressi2602 3 дні тому

    LOL, I love the depreciation on "luxury" cars/suv's/whatever. It's easy to get a good "luxury" car cheaply.

  • @_Chev_Chelios
    @_Chev_Chelios 14 хвилин тому

    You kept it for 11 years and then you bought another one. You were an adult the entire time. How silly to cry like a baby now.

  • @utlord
    @utlord 2 дні тому

    Prices are much lower on the same cars than what we have in EU, while Americans earn more. So stop crying please.

  • @blackgrandpa7652
    @blackgrandpa7652 23 години тому

    This is what happens when you build unreliable vehicles that costs a fortune to maintain and the resale value falls off a cliff😂😂😂

  • @theconfusedphilosopher4724
    @theconfusedphilosopher4724 2 години тому

    Wonder if BMW will drop its plan for subscription based services like heated seats?

  • @miguelbarba3380
    @miguelbarba3380 2 дні тому

    I don't feel sorry for all those brands

  • @ishmaelmccormick4678
    @ishmaelmccormick4678 5 годин тому

    $65000 for that s5? I’d take that money and go buy a IS 500 or a used 2023 Sequoia, if I was really wanting a luxury vehicle.

  • @grantdennis8678
    @grantdennis8678 День тому

    How sad, too bad. These brands have lost the quality of old. Junk.

  • @jhol310
    @jhol310 3 дні тому

    Audi is the best German brand

  • @dbslayer56
    @dbslayer56 6 днів тому +1

    Wait till March 2025 if you want to buy a new vehicle. That's when the Great Car Crash of 2025 will be in full swing.

  • @roberttuzzolo119
    @roberttuzzolo119 8 годин тому

    I always said that Audi would be a great choice for a brad new car as long as price is under 30k

  • @stuarthipkins8336
    @stuarthipkins8336 4 дні тому +1

    7 year loan..n what 400.00 a month for insurance

  • @wigwam622
    @wigwam622 7 днів тому +3

    Trump hopefully will not help these german manufacturers.

    • @18_rabbit
      @18_rabbit 3 дні тому

      well he'll be inclined to help BM and MB bcuz they'z in the south...

  • @jugaloking69dope58
    @jugaloking69dope58 6 днів тому +1

    better to just rebuild a engine and go old school 15k is better then losing 20 k off the lot

  • @yuckabuster
    @yuckabuster 2 дні тому +1

    "Rich A-holes" 😅 💯👍

  • @barnhib
    @barnhib 4 дні тому

    1:06 Shows a 2025 i4 that has only started arriving at dealers in the last month, says it's been on the lot for 212 days.

    • @revnation_auto
      @revnation_auto  4 дні тому

      That’s a 2024 mate.

    • @barnhib
      @barnhib 3 дні тому

      @@revnation_auto The grille and headlights are from the refreshed 2025. 2024's had horizontal DRL's. 2025's have vertical.