WATCH OUT! Car & Truck Prices Just FLIPPED!
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- Опубліковано 26 чер 2024
- Watch out! Car & Truck Prices Just FLIPPED!
Our latest video helping you buy cars is all about Car & Truck Prices. We're breaking down the situation so you can buy your next car with ease. If you're out shopping for cars, SUVs or more, this video will help you with the timing of buying or whether or not you should by at all.
Oh yes, and don't forget to SUBSCRIBE for more car lovers lifestyle: / @markholubetz
I think they raised the MSRP by 40% to 60% and now offer you a 5% to10% discount and call that a good deal. Only an idiot will fall for this bullshit.
you know we have a lot of idiots. lol
And there are... many
That is the problem people are ignorant now days and they know it. Can you blame them for not exploiting the stupidity?
well Trunkmonkey there are still a lot of idiots out there still willing to pay way too much, cause they must love that $1200-1800 a month payment
What has flipped ??? Prices of trucks are 30-40k too much. Let them rot. Let the dealerships in the manufacturer go out of business.
I've kept my 1999 Nissan Sentra moch loooooonnggeerrr...And it's cheaper and simpler to keep and maintain.
There's no way I would spend a penny over MSRP, I'm like my father, I would agree to the out the door price until the salesman is crying 😢
@@Vincent-ke5zn
Not in southern Ontario. Dealers are not discounting. Waited for a year and nothing.
@@bernie6355that's wrong, look at ford in Brampton. Huge discounts. Still too much and anyone buying right now are thick skulked...
$15,000 off of a $75,000 vehicle doesn’t help most people.
$15k off a 2025 BMW X5 I'm there
This video ought to take no more than 10 minutes to get the message across.
Even $40,000 off won't help most people.
]
0l
Went from Life is too short to drive boring cars to Life is too expensive to drive current cars 😅
Nothing has flipped if you have a pickup truck costing 100k plus
Not a buyers market yet. Dealerships haven't suffered enough. They will be giving them away next year.
Not quite enough burn yet. Some brands are hurting more than others
Prices will stay high as long as banks keep lending to these fools
Bingo! Agreed, as many people can’t maintain a little self control
My father bought a brand new 1984 Mazda pick up for less then $6000....and needed nothing but brake pads until well over 120k miles....Why are we such fools?
But I see, amongst my colleagues, physicians, is that everybody wants to keep their cars longer. Cars are just too expensive. It’s at the point where I would rather pay for an expensive repair then look at buying a new car.
Car market has alot more to crash... the worst isnt even here yet
Oh yes it’s not done yet
I have a 2016 Ford F 350 I got as a leftover with a diesel for 56,000k I will never see that again in my lifetime ,it's a joke!!
56k in 2016 is still high!
Yeah, the car market has flipped alright....flipped-out.
Exactly
Still too much damn $$$$
"Cost of Living Corruption"...well said!
Late teens Toyota Camry, Tundra, and Highlander non turbo models are still available on the used market with 10 years of life still left in them.
Good ones are hard to find and still expensive
Repair prices are crazy high too. As someone who prefers to work on my own vehicles, sometimes I will just send it to a shop because I don't have time sometimes. I just had my car looked at because the alignment was way off, already knowing it would need new shocks and probably bushings. The shop quoted me $3500 on a car I could buy used for about $4k similar to mine. Of course I looked up all the parts and got them ordered for $250, and be limited on time will take me a few weeks of picking at it to get it done. But at least I'm capable of it. People out there with no mechanical abilities are screwed.
I might be driving in an old 1999 Mitsubishi, but I've paid exactly $0 toward car payments for the last 10 years.
Using today's average used car payment, I've saved $66,000 so far.
I'll keep the old ride. At least mine's paid for!
You're exactly right Mark, I work 50+hours a week and my car easily gets me to and from work ,so why gets something that won't go the distance
I’m in Canada - I don’t see these “crashes” frankly - I’ve seen a LITTLE less lunacy, but a 2018 BMW 340i is still going for around $40,000 w 80,000km on average when new they were around $60,000 new. There is no shortage anymore. 2024s are readily available. I don’t understand why with this economy, the fact nobody is buying, and vehicles readily available these aren’t $25,000. It’s a 6 year old BMW, nothing special. Make it make sense. (That’s just a car I’m looking at personally, but this goes across the board)
You are right and generally Canadian market is especially idiotic in lower numbers of quality vehicles command the $$ as the dealers “know what they have” and there are vehicles getting picked up by Americans, thus reducing the numbers and driving up the cost of supply and demand. It’s all artificial here in Canada, and it’s still a bubble that needs to Pop. I agree with you, conventionally almost all BmWs regardless of engine or style would lose 50-55% in 5 years so this being 6 years should go for closer to 30k. Nothing more
@@markholubetz I wasn’t expecting a response from you, thank you! Glad to see you agree. I’d really love to see a whole video about this subject. The understanding of the Canadian car market is untouched. As someone who was in car sales for 2 years, would be very interesting because even I don’t understand it.
Im looking for 2017 BMW 540, they should be $15k US now, not $25k.
@@rachelgreen1368 agree! It’s funny, back in the days I was looking at an F10 535i. 4 years old they were 25k. Guess what an 8 year old F10 is now? 25k. Double the years, same price. It’s not like BMW went full EV & got rid of the i6 turbos driving up the values.
Adding debt is like getting buried alive. You are 100% correct.i first noticed this with iPhones
The repeated pressure to buy a new one every year even though the new ones weren’t much better.
Currently in the market for a used or new vehicle because some idiot rear ended my car and it has now been deemed a total loss. Have no desire what so ever to look for a replacement but my hand has been forced. Defeated and pissed off at the moment.
If new was reliable and lasted like they once did...maybe the price could be justified...but knowing folks that had to put $5000 into suspension on a $80,0000 truck with less then 75K on it is INSANE.
The interest rates are still too high even with good credit.
Dealers are not hurting enough. When the rent for each new vehicle catches up with the downturn of sales then the the market will probably flip.
My 2007 Ford Focus with a manual transmission and 293k miles runs great, great mpgs and it fits into any parking spot and looks almost new when it's detailed
I think the reason why OEM’s prices on ICE vehicles is so high is to subsidize their losses on EV’s! I’ll buy a vehicle for no more than 25k with cash. Looking for an older Lexus that’s been well maintained 😎!
Funny thing is I have a Chevy and Dodge dealerships in my town the Chevy dealership never greets me when I’m there then I walk to the Dodge dealership and immediately I am greeted and they ask if they can help me and I tell them I’m just browsing and then we talk about how Stellantis is hurting mopar badly and the sad thing is the salesman agrees with me strongly
LoL…A Dodge dealer greats you because they are hurting really bad to sell cars/trucks.
Dealers are still saying "its on for $_____($8k over sticker price) like it's still 2020.
I recall peak of oil and gas boom, people would buy crazy large houses and newest cars and after layoff, most couldn't last a month and had to sell their house and many left alberta and abandoned their car in the lot.
I recently bought my wife a new 2024 Maverick Hybrid XLT. Paid $31,225 OTD (Cash). I kept her 2013 Ford Fusion and I use it as a commuter now, and park my 2018 F-250. All my vehicles are paid for and I plan on keeping it that way.
Your wife can’t buy her own car lol 😂
@@donpresidente2121 actually, she could if she wasn’t too busy being a full time care giver to her mother, but that is neither here nor there. My wife has her role and I have mine. We have been happily married for 31 years now. Who does/doesn’t “buy the car” makes any difference in the matter…we are a team.
Good im glad to hear that 😊
I live in cincinnati ohio and i always play a game when I'm on the highway called spot the 2023/24. I haven't seen a newer vehicle than 2022 in so long.. oh! I seen a orange 2023 taco once! 😂😂😂 everything is so unaffordable 😢
Yes its sad as less and less things are affordable by the general public
In Tyson’s Corner VA, every 5th car is a 2023,2024 Luxury car. I just see hundreds of thousands of debt every time I drive. The flex pressure culture is the reason why people constantly upgrade. My friend even got a 2022 MDX with a 22.19% APR because he “needed it” for his two kids 🥸 when he’s on a 2010 Toyota Sienna budget 😅
@@MiahVega I hear ya! 🤦🤦♀️ I have a paid off 2016 challenger just waiting for the market to cool. ✌️
Enjoy your long weekend Mark, stay safe out there. 👍
Thank you very much and hope you also have a wonderful weekend too. It seems like in some spots the celebrations have been cut off. Either way, enjoy the time with family, friends and take it easy. Cheers
My 7 year old dodge Journey just hit 103,000 miles and im going for 300k. Im going to faithfully Keep up the maintenance.
Yeah man but we live in Canada so our extremes are less than our southern friends. Our mark ups weren't as bad and now our discounts won't be as good lol also according to DAC (Canadian version of COX) we are still under inventory numbers when compared to pre-pandemic
Another great informative video Mark. I hope that you and your family are doing well 🙏. Stay healthy and happy 😊 😃
Fewer people are buying me vehicles. It'll take more time until prices settle at whatever price consumers and dealers in general agree on. It's hard to say what that price will be.
Shouldn’t one who is piloting
a two ton vehicle @ 35 MPH
be concentrating on one’s
DRIVING, instead of talking
to a mini “ idiot box”. ???? CB
You are doing a great job Mr. Common Sense. I need a new car but at a fair price so your channel helps me navigate dirty waters. Many thanks!
The manufacturers are not in a major panic yet. The dealers have almost maxed themselves out. So the next phase is OEM pain. That will take 10-18 months. When things start to collide - economy and OEM pain, job losses etc. Then this may unravel. But it will be to late. Some OEM's are going to need another handout - Except governments may not have the money.
Some are not like Toyota and Honda, but many are like Ram, Dodge, Jeep, Alfa, Jaguar etc
Not a buyers market yet
Right!! probably never will be a buyers market because the greedy has set in and as long as they can do it, they will continue, all they worry about is their worthless stock holders
The dealers aren't hurting enough yet and it seems to me people where I Iive are buying new cars and I know they are not getting great deals. But if you go to Florida in certain pockets there, you can get some deals.
I paid $250 for a 2005 Ford taurus 4 years ago as a commuter. I paid $3000 for a 2005 Mercedes E320 at auction for weekend driving. 2005 was the last good year for Mercedes. I live in the best neighborhood in Reno. Priorities. not payments.
Does anybody think that Dealers are looking for a bail out, and that is why they are on crash mode going forward, will be the only way for them Dealers, if people stop buying, if people stop being stupid.
That’s true I laugh when I hear of someone paying over sticker on a mundane poorly built vehicle
I would love a 30% pay increase...who wouldn't...right
great video , common sense , middle class conversation .
look how nice the upholstery is in ur Rav- way nicer than in today's cars. it seems like we get less and less for more of our $$.
a couple of times our rams serpentine belt would chirp on start up .. I turned the belt around and no more chirp
Awesome was it a DIY? Dealer would charge a few hundred bucks for that over here.
@@markholubetz all me
I’ve been in the market for almost 3 years and still I haven’t bought a new vehicle. I’m shopping now by the lowest advertised price. Sooner or later the right deal will happen but I’m prepared to wait.
I payed 41k for my 2023 Colorado Trail Boss brand new with every opinion you can get on one,,I looked today at a LT Colorado 4x4 NO tow package, no sliding glass window , no damped tailgate with storage for 50k I saw it today! That truck suppose to be around 36k it’s not a ZR2, Z71, or Trail Boss!
I'm buying a Tesla model Y for one reason. I will be paying zero dollars to drive as long as I own the car.
My 5,000 dollar solar power system will offset all the cost of charging the EV. The incentives are icing on the cake 😊
Notwithstanding the recent revelations regarding the workload for the Donut Media guys, no other car UA-camr works harder warning and endorsing cars and the issues people experience. When shoppuing for sleeper value, this infomation is invaluable. I also pick up on his Canadian accent every once in a while and he sound like Bob and Doug McKenzie.
Definitely prefer this over the in-studio videos.
Thanks a lot for the feedback. I try to do a blend where it makes sense for the type of video. In general, I also prefer the field vids too.
One needs to concentrate
on one’s driving, doesn’t one
???? CB
They'll remain high but have very low interest rates on new. We've seen it before. We're starting to see it now.
Yeah, the market flipped - flipped us the bird. If they dropped the price 75% I still wouldn't consider them - unnecessary electronics, recalls, poor build quality garbage. My 2007 Tacoma 4x4 is all I need. A truck is a tool not a fashion statement or status symbol.
My buddy said he got his '13 truck in 2015 for $20k and he wont pay more now. That was almost a decade ago (inflation is hitting us hard) and a lot more tech onboard. Not saying im going to buy a $100k truck (i drive an 05 camry with 215k) but i dont think in our current environment we can do that anymore
I don’t know anyone willing to overpay for a new vehicle. I also haven’t seen the prices go down in new or used gas vehicles. Teslas are definitely cheaper but that battery gives me pause.
High prices of pickup trucks are still high, and the price increase since covid is intentional. The conventional gas engine is being faced out. So whether we like it or not, electric vehicles will be pushed down our throats for the next 10 years, and the new and upcoming generation is ‘buying’ it.
What people don't bring up is after you buy a100000 dpllar. Truck or whatever how much is it going to cost you to put tags on it another 7000 or more
putting some dough in my 2011 2500HD with 253k on it. I want and can afford a new fully loaded Chevy, but I will wait. I have always only bought what I could afford, staying away from bank loans. Yes, I drove junk for years, but I saved big. I understand having a mortgage, as it is hard to pay rent and save enough for even a cheap house. But if you are giving the banks 25% of your take home check, you will have a hard time getting ahead. Inflation is kickin everyone's butt, so it is harder to get by and save at the same time, but you can do it. You have to if you ever want to retire.
The sad Reality is that even if those dealers are stuck with rotting vehicles and have to go belly up they will call Big Brother to save them like they have before, and Big Brother will shake the taxpayer down even more to "save the automotive industry",, after they had a field day charging $90k for pickup trucks.. So we're forced to reward this type of behavior by saving the automotive industry cause it's "too big to fail"..
Truck and car prices are crazy people can afford them. I rather buy a house and property for the same price look back to the 70's 80's and 90's people could actually afford new vehicles then now it's just ridiculous I'd rather repair or rebuild an older vehicle and you don't have that ridiculous payment that you could use for more important things
Ive never seen truck prices go down, only the rate of increase slow. Have you?
Ford wants my TRX to trade on a lariat on sale at 73,000 from 83,000 dollars Canadian . What should I ask for my TRX ? I need 100,000 for the ram
That's not a sale. Wait a year or 2, that $83,000 truck will be $60,000 again.
Don't be a sucker
Nothing has changed if their prices are 25 30% higher and they only decrease by 10%. Do the math!
It’s very hard to afford a new truck and the diesel trucks on top of that use exhaust fluid 😅,and that’s an additional expense.
Nothing changed let them go out of business.
I picked up a 4door 2024 Ram 2500 Diesel 4x4 with 0 miles for 56k.
Wow great deal
@@markholubetz yes sir! I couldn’t pass it up. It had everything I wanted the 8” screen, gooseneck prep, bed liner, power mirrors, running boards and 6’4 bed. And the red color.
I only upgrade when I can pay cash for whatever I want.
I just bought a new left over 2023 Ram 3500 for 12k off MSRP
Nothing flipped here trucks are priced 50k over what they should cost.
Nothing has flipped yet.
There have been some big changes already
I wouldn’t blame the buyers too hard. Americans are forced to drive everywhere. Dealers are experts at extracting cash from buyers.
I do agree and the dealers have mastered the art in extracting more and more cash from your wallet
I work for a independent dealership. We don not and have not sold over MSRP. Cant say the same for some other places near me, especially the ones owned by Lithia. The problem is not the dealership, its the manufacturers. Dealerships hands are tied on price until the manufacturers give them cash for incentives. And that money is not unlimited, its per dealership and when it runs out, they cannot offer a discount. The truth is we really do not make that much off new vehicles. Sometimes Nothing. Used cars, service contracts and F&I is where the money is made at a dealership. So please stop blaming dealerships, its not always them. Sure the ones gouging, putting markups, yeah, those guys should be avoided. Find a smaller dealership that actually cares about about customer service. My dealership is second in volume in my region and has 4.8 stars on google for a reason. We dont lie, steal, cheat. Do your research.
Unfortunately the honest dealers now are increasingly becoming a minority. They face almost no actual consequence for their shady BS so it's a low risk high reward thing. In some cities they might be the only dealer of a particular brand too so they know most people can't easily go elsewhere
Most of these 'car prices emergency' videos keep saying the same thing with different click bait headlines. I've heard the first 10-15 minutes of this content 5 times or more. Please do some more research, we want to learn something new.
Of course the EVs are selling better, they have 9k factory incentives on them and front loading for lease special payments half of the price of an equal gas version of the same thing. Literally half payments in many cases. So lease it three years and turn in who cares if unreliable and expensive down the road. No sh1t theyre gnna sell faster than everything thats overpriced 20 plus thousand dollars w much, much higher interest or lease payments in most cases.
That’s fair, yes maybe a short term experience for some to make a better more informed li g term decision
What is a Rab truck?
But, based on you, CQA Live (new name?) and others, y’all been showing us cars and trucks on dealers floor plans for one or two years. So which is it, they’re selling new cars, business as usual, or they’re sitting on lots???? I’m confused!
Lots are filling and become overflowing with prices still all over the map which means buyers are selective, getting some incentives and so some are buying and others are not
Flipped? 😂😂 we all need what you're smoking! The '24 version of my truck is still $13k higher and I drive a '22 Colorado ZR2
Reposition is on the way up.
Repossession
Well….
TIMBER!
Boom!
Nothing worth spending 100k on.
What’s flipped? Tell in the beginning
Jag tycker att 1000 dollar för en bil räcker.
Den Suzuki grand vitara 2,5 v6 4x4 1999 som jag har nu kommer jag att ta hand om så länge det över huvud taget går
No. Has not flipped. Way too much money.
👍👍👍
(what not selling is electric vehicles) Now that's the biggest B.S. I've heard all day ! Sales are down on ALL vehicles.
Jua" ThiMk of those who are / were stupid and bought high @ 100k Plus for a freaK'n truck .....Now loose their proverbial "A" .... & here we all know the Bad loss of buying a Euro...and even those are now seeming OK?????????????
😂 That’s a joke right 😂
What are your thoughts?
i want chinese vehicles
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Andrew Stella 🙌
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Andrew Louis Stella, has been an amazing experience.
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Louis Stella 😊🎉
Here
Ill tell you what Its GREEED!!!! never buy new
Nothing has flipped. Lol prices are still the same as last month. Delusional much?
I call BS
Really?
I'm just payig to stay alive.
Interest rate.... ridiculous
Truck prices....buy a house instead
Car prices make public transportation look good
I'll wait till they go out of business
@@tommyboy500 Biden economics. It’s nutty getting nuttier.
Lies
Please cut down on the talking with your hand. I had to stop the video it was so annoying.
Thanks for the feedback
@@markholubetznothing wrong with the video. It was great. Forget this naysayer, don’t need them anyway.