They haven't been able to sell my Tesla Cybertruck, while the new car market continues to GO CRAZY!
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- Опубліковано 15 вер 2024
- Sign up and deposit for Underdog Fantasy HERE with promo code HOOVIES to get up to $1,000 in bonus cash and a free pick: play.underdogf...
Sign up and deposit for Underdog Fantasy HERE with promo code HOOVIES to get up to $1,000 in bonus cash and a free pick: play.underdogfantasy.com/p-hoovies-garage
I bet not a SINGLE person signs up. Keep taking their money though Hoovie, that part we like
More AD BAIT‼️. SCAM
@@OwO---0bamasPersonalChef---OwO This is just an AD BAIT channel disguised as a car channel! BIG SCAM!
Bidenflation. Nobody can afford anything anymore. People cant afford groceries. Do you really think they wanna spend 50k on a BASIC model truck? If you enjoy overpaying for everything, keep voting for Democrats.
pushing gambling?
Of all the stupid decisions, buying that thing back would be the stupidest!
It could be for sale on consignment I don't know this hoovie guy stretches the truth sometimes from what i see. He said his renovations where expensive and i did similar flooring and my cost was no where near the outregeous price he claimed in his last video. I would take his information with a grain of salt.
@@addieb8943 Renovations costs vary quite a bit by state. Kind of like a $10,000 reno in NY or California might be $3,000 - 5,000 in Kentucky or Tennessee.
@@CrypidLore I live in MA. We are heavily taxed and contractors are retiring from single jobs here. That being said it doesn't cost his claims.
I agree. I wouldn't have bought that P.O.S. in the first place. 🤮🤮🤮🤮🤮
DO NOT ENCOURAGE HIM.
As I live and breathe, I never thought I’d witness the day where Tyler comes out ahead on a car deal. Good move dumping the Cybertruck at a profit.
There was 1 a few years ago. He had a barn find 90s Lexus sedan that he got for a few hundred bucks and it turned out that it had no issues so it was only in one video and he flipped it for profit
It's an illusion.
Shit happens
Hoovie's CyberTruck is a first edition, the original one everyone pre-ordered. That is divine provenance in the collector world. That is why it is selling above retail of the raggidy-ass later editions. That is why Hoovie is looking to buy it back. This is not the stupidest TY channel.
*We bought our Cybertruck for $82,000 with 11k on the clock. Everyone in Georgia loves it.*
All those dealers been ripping people off,,,just remember what they did with the new Corvette,,,wanting 80k over sticker price....let them struggle!!!!!
Im across the Pond and a base Audi A3 costs £30k, or $40k ,on the road pricing probably bumps this by $1200. Id be interested in knowing what the equivalent dealer hikes are in the US
A Dodge dealer near me is putting $100k+ markups on some of the Demons etc. With taxes and everything else you’re looking at not far off $300k for a Dodge 🤣
Unfortunately the reason why dealers do that, and will continue to do that, is because there are people stupid enough to buy/finance the cars at those inflated prices cause they just have to have it and can’t wait for prices to fall
No wonder it's not sold. You can go to the website right now and pick a brand new one up for 10 grand less. They're crazy.
Holy shit Asimo can't believe I am seeing you here!
A Roblox Dev writing a comment on a car related video is crazy lmao
@@itzbeastplayz9023 Nah fr he could buy Hoovies' entire garage
@@ShxkeGFXlol facts bro a rich ass dev😂😂😂
@@ShxkeGFX im not sure how, considering his net worth is less than 500k and his entire garage is worth close to a mil
One month until the X6 BMW gets dug up
Swap places with the Cybertruck 😅😅
I forgot about that POS
Time flys
@@dad_jokes_4ever226if you buried the Cybertruck there would be nothing left to dig up after a year
The usedtobeM X6
Hallelujah 🙌🏻!!!!! Your channel has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Ms Susan Jane Christy ❤️
Congratulations!! The scriptures clearly states there's going a transference of the riches of the heathen to the righteous. God keep blessings you
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🙏.
Thanks to my co-worker who suggested Ms Susan jane Christy
She's a licensed broker here in the states🇺🇸 finance advisor.
After I raised up to 525k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸and also paid for my son's surgery (Oscar). Glory to God.shalom.
They are selling it for less than you sold it for. Clearly you won. Why would you even consider buying it back. It will be worth half of that a year from now.
They still make more on it than the Lyric, so they are still winning.
@@porcelainthunder2213they’re making less on this than the lyric, because at least the caddy is a net positive. They bought this for 111 or whatever he said and are selling it for under that. That’s negative money. Negative is smaller than positive
@@inherentlyflawed you’re forgetting how much they paid for the lyric and what they sold it for as part of the deal. They could be willing to lose a bit on the Cybertruck because they made a pretty penny on the Lyric. They could also be thinking the Cybertruck will draw in traffic. Either way, they’re not losing money. Hoovie doesn’t work there.
They took him to the cleaners on the lyric, they can afford a couple grand on the cyber truck
To get ragebait engagement
Prices are unreasonable & unaffordable. The bubble has to bust.
I'm feeling 2007 ish car incentives coming again, with massive incentives to sell old inventory.
The politicians are killing middle class… trump or we are screwed
New cars havent been purchased as numerously for years now. Its not a bubble this time, its just plain old scarcity.
But for anything to really change, the product lines need to be changed. There are no entry level vehicles from Ford or Stellantis. Stupid strategy....
Someone is buying them. Stop watching CNN
In Canada, Cadillac wants $166000 @7.99% + 13% tax for an Escalade ESV. With interest it works out to over $220000. Can you imagine spending 1/4 million on a GM, only to have it be worth 45k 3 years later? Also you’re brining said 1/4 million dollar vehicle to the same place a Chevy Cobalt was sold. Insane.
See….the taxes and the interest don’t matter for depreciation. Not saying the depreciation isn’t bad….but the depreciation is only calculated off of the sales price of the vehicle pre tax for a good reason.
Buying it back would fit with "the dumbest" tagline.
@@Scuba128 Why do you advertise doing it?🤣
Yeah people, buy a $94 K truck, put 10K down, for 72 months. The payment will only be about
$1500 per month. Add another $3-500 for insurance. 2G's a month for 6 years! That's only $144,000! What a deal.
Don’t forget another $100k in gas and maintenance for something that will have little residual value.
@user-tb7rn1il3q also don't forget the extended warranty you have to buy due to the quality of this new junk. They can't even give it a 100k power train warranty for these prices.
It's legitimately insane.
There’s no logical reason to buy a new car anymore, it’s not like you’re paying a premium for a higher quality item.
@@05milmachine90 and then they always deny claims
11:45 - Trying to call a EV SUV a "Mustang" is such a dumb move. Honestly I have no idea why they didn't just call it the "Mach-E" without the "Mustang". That is a really cool name in itself especially for an EV...
They did it to keep the Mustang name, eventually the Mustang we know will be phased out but Fords strategy is to keep the horse around. How many cars have been phased out and no longer exist? At least they’re keeping it alive.
Wait until you see the new Ford Capri.
@@purplestrawberrysunset I have seen it. It’s horrible but revived at least? 😅. Now I’m
Starting to think, leave the old alone.
Don’t revive it as some pile of junk lol
@@AnythingGasoline I bought a model of the Ford Anglia used in the Harry potter films. I was surprised at how much writing there was on the back of the box "Anglia is a trademark of ford Motor Company. Name used with permission of ford Motor Company". All for a name they haven't used for 57 years.
I see a lot of Mach-E driving around each week. And a lot of people interested in them that don't even know it is called a Mustang. A lot of their parents were not born yet when the Mach 1 was made, and they just know the Mach-E as a name of it's own. Hell I owned a '66 coupe way back when and would be interested in a Mach-E if it had a better range in the base model.
I like how Hoovie filmed this at night to hide from all the salesmen
I'm amazed he didn't get approached by any security guards.
The Chevy guys were probably cool since he kept putting up the name of the dealership
Most folks are tapped out - it's just plain stupid to pay $70,000 for a truck
Especially one that can't do basic truck stuff.
@@T.I.R24 They are not made to do "basic truck stuff". They are the new "family vehicle". Many never leave the asphalt.
@kagnewcobra5228 not talking about going off road, it's actually not to bad at it...what good is a truck, that as soon as you hook a boat, say 5000 pounds to it...your range in now 100 miles.
It's 70 to the lake I like, and there's no chargers there. Or if you put a load of potting soil in the back, same thing.
While many buy trucks as "family vehicles" thise family's have things..like boats,off road vehicles,campers ect and believe it or not, the core of the truck market is work. The missed the mark on both.
We need a diesel hybrid. A small,efficient diesel turning a generator pushing the motors, no batteries and crazy mpg.
lol omg y u so poor bro, just stop being poor loooool!!
And that's 70k for a half ton truck that is crazy.
I have an 05 TT Quattro 3.2L DSG SLine that I have had for 17 years now. Over the last 2 years I dropped around 5k into it, replacing headlights, fuel pump, AC compressor, and getting a new headliner installed, and repainting the hatch and roof and rear bumper that were starting to show sun damage. ( been parked outside its whole life. ) Best money I ever spent. The thing still goes like a rocket and is one of the most distinctively and elegantly styled cars on the road. Now it looks like new.
I had a 2003 TTQR 1.8T 225hp 6MT. I loved it. So much fun. But I had to downsize to 1 car, and traded it in for a 2007 A3 S-line DSG with Open Sky roof. 17 years ownership also, and the most reliable car I've ever owned. I had to put 4k into it at the 80k mile service because of a timing belt change requirement, new A/C compressor, etc. But well worth it. Now at 101k and still going strong. Looks much newer. Handling & torque still feel phenomenal. Makes no sense to sell it.
@@cytherians The the early A3 DSG was essentially the Mk I TT with a 2 door hatchback body on it. Even the dash and interior were nearly identical. Fantastic car.
@@christopherpardell4418 CCU and vent layout (plus rings) are very close, with an echo of the "grab bars" on the center console. I wish Audi had made them metal, or at least the same design so they could be swapped. I got my A3 in the same color as the TTQR... so for me, with multiple shared design cues, it feels like an "echo" of the TT. Same precise turning radius and handling feel (minus quattro/haldex--my A3 is FWD).
@@cytherians My understanding is that those ‘grab rails’ are actually structural stiffeners. At least they were in the Mk I.
😂 ok…
American car prices are fucked. $50k for $20k worth of truck is insane.
Plenty of European dummies paying ~110K for a $20K truck
Pssst. Buy an '80s F150 at auction for 40K and drive it into the dirt
It's a bit the same everywhere except in China, the only winners of this situation are shareholders who pocket juicy profits, everyone else is losing and obviously consumers. Hopefully China will reach most of western car markets, they now have the most advanced EVs and their batteries and software are in almost every western EV, if they manage to sell cars directly (if tarrifs are more reasonable) or manufacture them in Mexico, Turkey, etc... then it will be a huge win for consumers, that will slash prices and profits and push western manufacturers to move their asses.
@@manu.yt25uk we have law's against Mark up prices on any new items. We have a recommended retailer price on everything. But this has had an effect over the year's on limits of some items any company won't trade with the uk for that reason. But we do get the next biggest selection of Japanese car's globally after Japan. Not ev are legal on our road's and the cybertruck isn't legal in most of Europe and the uk.
@@manu.yt25 Yeah you hit the nail on the head.
Honestly the dealers completely deserve this after the stupid ridiculous markups they put on during covid.
They have collectively price-gouged America. Corporate profits soared, while prices went up, across so many different domains. The auto industry should be focused on making reasonably solid, reliable cars with useful technology... but instead they've overladen these vehicles with too much. The sophisticated computer systems are ridiculous. It's a VEHICLE. To take you from point A to B. It's not a long-haul survival vehicle. And btw, those enormous LED screens? When they suffer failures, replacement costs more than a brand new high powered laptop computer.
$77,000 for a new vehicle is crazy. I bought my first House in 2006 for $86,000.
I am curious how much your house was valued for a few years later? 06 was a terrible time to have bought a house.
Truck prices are insane!
I had to put 10 grand into my 2005 GMC Sierra 2500HD. I weighed it out and came to conclusion rather quickly that it was a better choice from a financial standpoint to replace the engine in my truck. People thought I was crazy, so I said, no, having $1200 to $1500 a month truck payments is crazy.
I'm having the some rust repair done on it, and even with the cost of that and the new engine it's still is infinitely cheaper than a new truck.
6.0 liter or 6.6l duramax?
I did a similar thing with my 07 suburban, new tranny 2 years ago and 6200 in rust repair last year. The other thing to consider is the cost of insurance, for a new vehicle that will be more expensive also.
Rock Auto and a few weekends will keep her going and save thousands, people forget EVERYTHING is more expensive on new cars, parts, insurance etc.
Smart move. I still drive a 2001 LS430 with 356,500 miles. You and I have both ridden depreciation all the way down. New cars require maintenance, too! Keep your ego in check and continue on. Nice decision!
Smart move. That truck will keep going for years beyond the new ones as long as you continue taking care of it
Spending 100k plus for a dumpster is crazy
I mean you dad spent thousands on ur mom 🐷
EV! 😂
Haha was gonna say that
@@fredwilliams7893 Umm the Suburban was the same price. That's a gas guzzler.
That 2 door F150 XL base work truck for $50k is insane. Ram has the same problem with its Tradesman. At that price, people want something that excites them and makes them feel pride of ownership. That feeling just isnt there with a basic work truck. The motivation isnt there to pay those prices.
Ford trucks not selling, and that dealer is STILL slapping paint-protection and window tint garbage on them.
Shysters gotta shyst!
So glad to see dealers unable to sell these overpriced monstrosities. Maybe one day we'll be able to by small economical pickups again.
My local dealers are advertising 10% Or more off
Dealer installed options like those are the worst..increases the price of the car for something you may not even want
It fills me with glee to see dealerships unable to sell stuff and taking a loss. Good to see the thieves get their comeuppance.
Going to be awhile before we forget how the dealers/manufactures treated buyers during COVID, the dealers need to remember the $30k mark ups on Hyundai's and Ford's (really most of them did it) they did when they only had 1 on the lot and treated the buyer like they were lucky to find a car and paying the markup was a privilege... Interest rates don't help either.
I got the exact opposite during Covid. The Nissan dealership I used was so desperate to reach sales numbers, they sold me a new 2019 Frontier in May of 20 for sticker, gave me blue book retail on a 2012 Ram, and actually had to trade inventory with another dealer to get the truck...oh, 0% interest too.
@@johnpollard4158so they sold you a 2 year old truck for sticker and you think they gave you a deal? (A 2019 came out in the third quarter of 2018).
@georgejulien3286 manufacture date was July 2019, I bought it with 18 miles out of new stock. Technically it was a one year old model, but they way over valued my trade, so it was a deal....although the 2020 had not yet come out. It was late July 2020.
I worked at a Ford dealer in 2021. The markups on the trucks and Mustangs were unconscionable
@@johnpollard4158 Prices were low in 2020 cause they still had the inventory and no one was buying cause everyone was afraid of what was next. 2021-2023 is when they started jacking up prices cause inventory was low and demand was returning to normal. I bought a 2017 Camry in 2021 and I had to travel to a city an hour away to get a somewhat decent deal. All of the 2017's in my city were selling for $24-26k and they all had 60-80k miles. A 2017 Camry when new started at $27k~ so to ask that much for a 4 year old Camry with that many miles was ridiculous. The one I ended up buying was $19k and had 33k miles and was still being sold as certified used, so it had a warranty as well. The same dealer I bought my Camry at had a 2020 4runnner with 100k miles and they wanted almost $40k for it, which I though was ridiculous.
Strangely enough, this is one of my favorite videos I've ever watched of his. This is different but I'm all for it.
Nobody wants that crap.
Shitload of people want it, but for 1/2 price.
electric vehicles are a technological cul-de-sac. A dead-end. And man-made climate change is a ruse...
Sure electric motors are a great means of propulsion, but not when you have to lug round a massive expensive battery made from thousands of cells. Pretty much 1000 laptop batteries...
Loads of people want it, they just don’t $109k want it
Nobody wants CygayTruck.🤣
Taiwan chip plants are popping up all over the USA to make sure Ford has enough chips to keep gay pro reverse knobs next to the steering wheel
What's honestly wild is that even with excess inventory dealers are not willing to budge at all either with financing packages or with price. Like seriously, y'all can rot if you want 51 grand for a F150 XL on steelies.
Tried pricing out a new work truck and it made me sick. $50k+ for a bare bones truck
@@ttgk8506 I just bought a new 2024 Chevy 1500 silverado 4wd crew cab ltz msrp was 65,000$ I paid 54825.00 I wanted a Ford but they want too much.
I love how the car brands that were once making vehicles for the working class, are now charging like $70,000-$110,000 per vehicle, but still have the gall to pay their technicians like $17-$22/hr.
The north American economy is so messed up, everyone in power wants all the money, and they don't want to pay their employees a living wage, then they wonder why no one is out there buying.
It's the same here in Europe.
I been searching for months for a used truck here I so cal. 100k miles goes for 30k, brand new trucks are like you said 70k. It's ridiculous
They're constantly prepping us for a change in our society. It may coincide with Chinese cars and the digital dollar.
No idea who’s buying those cars. I could easily afford it but wouldn’t out of principle. My car is 15 year old beater. Does the job. Minimal maintenance. This is going to be a big pop.
I have an 05 LeSabre. I plan to keep it going as long as possible.
07 vibes right now. Everyone I know says prices will continue to go up on everything. I feel like we're about to see a downturn that'll make 08 look like a picnic
@@ttgk8506 Not likely. Just way too much money splashing around out here.
You did the right thing getting rid of that truck. Absolute garbage.
pretty much. a complete shitbox
@BikerJim74 not a shitbox, well, a bit a shitbox, it's mostly a cash brick
It's always wild to see broke people driving actual shitboxes talking shit about cars that cost more than their dreamcars.
@@rustler08how is it wild if this cybershit will be worth as much as their beat up corolla after 5 years. So they know better
@@rustler08You guys need to give up on the “you’re poor” angle. It’s not sticking.
I genuinely don't understand how people afford car payments.
The smartest video hoovie made all year. The used car market 3k -10k is where all the money at now
Dealers have been f'ing over people since Covid. Hope it goes down further and they lose $20K on the deal. $140K asking for that shows you what kind of dealer this is. Forcing people to buy vehicles through these franchised dealerships with insane markups and addendums is starting to bite them in the rear and they've reaped what they've sowed.
ya but even used cars are insane!, even private sellers are asking WAY over kbb. its like everyone just decided -i wanna WAY overcharge peeps for my stuff- all of a sudden?
@@FieroGT3400just low-ball them lol.
Now if only those car manufacturers did something crazy like, oh I don't know.... Maybe make cars smaller and more affordable instead.
Do not buy it back
This guy gets it.
This is why I daily a 30 year old car. My dad's 2007 Tacoma was 10,000 when he bought it. It's now worth more. Crazy times for even the used market.
Yeah thats what immigration does for you, more people more demand.
Anyone who pays 10 grand for an 07 Tacoma is nuts.
I bought my first house in 2000 for $86,000. I was 24 years old, without a college degree, and girlfriend with a baby on the way. I had three older vehicles an F150, Saab 900, and Buick Century. We had plenty of food in the pantry, clothes and emergency cash. No cell phone. This wasn’t that long ago that life was significantly simpler and way more fun.
My mom is a doctor, she can't afford a 70k dollar car. Her limit was 45k. Options were limited
You could get a toyota camry for 40k
Sounds like the reason Acura exists.
@@mbox314 You could get a Corolla for less than 30 in US. That's plenty enough for like 80% of people. But hey, apparently americans like to be in debt forever.
A mint Lexus LS460 would be a proper car for a doctor.
She is a doctor. This means she has a bit of intelligence. Not that she COULDN'T afford more than $45k, she chose not to. I applaud this.
NO! Pay off your debts, don't take out any more loans!
Cybertruck is a toy, not a car, you don't need it.
It’s a truck. Obviously not a car.
@@Whatwherewhy586 For me it's a "samochód", or a "auto", or a "ciężarówka" if we're going to the level of nitpicking.
A great truck that will lose range in winter and then you will tear out part of its frame while towing a trailer. It is a marketing product, not a truck.
This video just proves we are so used to empty dealerships during the pandemic era that a normal looking dealership looks like a economical crisis. I havent met a worried salesmen yet.
Buy low, sell high. This is the first time I have known you to do this.
Broke even. $100k but with tax and fees. Its about $110k. He got to use and test the truck and got his money back. Dealer will take a loss 😆
@@anekinoo7 still profit from making videos with it !
Don’t buy it back, you dodged a depreciation bullet
As a German, it is sooo weird for me to see these gigantic parking lots on those dealers filled to the brim with such expensive cars. If I go to the main Audi or VW dealer in my city (almost 600.000 people) they have *maybe* 30 new cars there. On a good day. And most of those - at least at VW, Ford and Opel - are below 40K € (55K $).
Most of the cars for sale there are fleet cars that have returned after 1-3 years and are crazy inexpensive for what they are.
Brands with smaller selling numbers (like Mazda or Hyundai) or dealers in smaller cities are closer to or even below 10 new cars in the lot. Basically, they have one of each model for you to drive plus the cars of the people working there which are usually up for test drives as well but who either have another engine or a higher or lower trim level than the test drive cars.
The cars themselves are built-to-order. And waiting times between 2-4 months are more the rule than the exception. If you want one right now, you can buy a returned fleet vehicle or their test drive car. Otherwise you're out of luck.
And used EVs in that 1-3 years bracket are unobtainable. They all go to scandinavian countries because they can basically get German sticker prices for these used EVs on those countries because you don't have to pay luxury tax for them if they are used. Which makes the whole thing a win-win for both sides...
America really is a far richer country than many people in Western Europe realise.
Per capita income is over 10k higher adjusted for purchasing power parity, and we are only working averages here.
Income and state taxes are significantly lower in most states relative to Europe, and average jobs pay what professionals earn in Europe. I believe you are earning 100k USD working as a deputy manager of a petrol station in the US.
The US had fridges, cars and radios in the 1930s, while Germany was still using horses.
@@TheBenchPressMan Hate to say it but id say you're lucky to make $60k USD a year as a manager of a gas station at least in my area of the US. Might be around $80k in the higher cost of living areas (California etc).
@@TheBenchPressManlmao. What economics degree do you have? American "wealth" is built on debt. You don't see tent compounds underneath underpasses around European cities nor tweekers pushing their life possessions in a shopping cart down the sidewalk.
Don’t do it buddy
People are done get shafted on price. Ford lot near my house completely full. They even started parking cars on the roof! Love to see these greedy companies getting screwed.
If everything is "discounted", nothing is really discounted.
More like "corrected", but not corrected all the way 🤣
In the 50's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment
When Hoovie says "crazy how much things cost these days" you know it's total madness out there.
Don't buy that ugly crap back
The cost of things would come crashing back down if people stopped paying big dollars for garbage like this Cybertruck. Just because someone is asking you for a ridiculous sum doesn’t justify the outrageous price they’re asking.
@@mudman6156 But you gotta have the newest most expensive shiniest thing to one-up everyone else you know!
Why would you buy it back when you've already milked it for content, didn't like it, and the dealer can't even shift it at a loss? Buy something you like.
Credit card debt in the US is at an all time high. These trucks might as well be a million dollars because nobody has any money to buy them anymore.
The financing bubble has burst. All the time manufacturers were raising the prices for their cars because the only number people were interested in was their monthly rate... 20 bucks more per month, or even 50... people didn't think much about that. Even though that adds up to almost 2,000 Dollars over three years.
Now that people look at the sticker prices for the first time in twenty years or so they realize how much the manufacturers drove up the prices. Way beyond the rate of inflation.
@@barbarusbloodshed6347 No, it was the real rate of inflation, not the fib the governent tells people.
NO Hoovie. Bad Hoovie. NO Cybertruck. There is nothing to learn from the 2nd kick of the same mule.
I wish I had the money to buy the Audi TT. I had one with the same specs except black interior. I miss it so much. They are fun cars and I loved working on it.
The inflation on most things doesn't line up. Everyone just starting price gouging on everything and it has got outta hand. Things doubling in the span of 5 years is not sustainable and I am hoping for the wheels to fall off everything. Margins and greed have never been greater and i hope consumers wake up and stop purchasing all these over inflated goods.
Never will happen. States are passing direct to consumer bans. Florida and California have already done it. You will be own nothing and be happy.
"Bidenomics.... it works"
- Kamala Harris
Just waiting for the recession to pass and then go ahead and buy a brand new 2025 Honda prelude 4 months after it comes out so I can get a gist of what issues it has and to see if I should wait for a facelift or type r version
Nothing doubled in five years. Just a myth to scare people.
Inflation has been happening steadily for over a century and it's due to govt INFLATING the money supply. Tell us how much greedier business men are these days lol.
As other people have mentioned, auto insurance is twice what it was a couple years ago. People cannot afford the expense of a new car with full coverage anymore.
20 years ago, when I lived in the US, I was amazed how cheap vehicles and fuel was. Now I guess you guys are aligning with the rest of the world.
Used cars are cheap, but the yuppies need new cars, for their fur babies.
There are Cybertrucks for sale locally with a few hundred miles on the odometer priced below MSRP. Tesla will soon drop the price to $80K because all the early adopters have received their allocations.
They have gone through their deposit list at this point. A lot of people are either waiting for the price to drop/improvements to be made, or canceling altogether.
The novelty has worn off. The CT is a bit like themed restaurants.
@@Sonny_McMacsson They are definitely a mixed bag. At their original price and specs, seemed interesting.
But at current price, the specs and build quality aren’t worth it.
Especially with Elon doubling down on being an incel… and having to be associated with his fanboys to drive one.
Tesla customers love getting screwed. How many have paid $7,000+ for full self driving that will never exist? How about robo taxis? Tell us some more lies Elon.
@@yayinternets Elon has 12 children "incel", I think we found the blue hair.
The microchip shortage and a few other things have totally ruined the car market. I work for a car rental company, we buy new cars by the thousands, but a few years ago there was nothing to buy. We started buying and renting out used cars. The demand for new cars was so high, manufacturers didn't want to sell them to companies like us, because we normally get 20-40% discount on the list price.
What are rental car companies doing now? I heard now they're trying to sell off their old inventory.
The microchip shortage was mostly a trick to screw up the car market. Now you get whatever they want to sell you, for however much you can afford.
@@chrisleon5344 Well, we always do that. The fleet is in constant rotation. Last year when the chip shortage was over, there was an oversupply of used cars in the market, so we were forced to lower the prices. When we have say 500 vehicles to sell, they have to be gone within a few weeks. We can't have them in storage depreciating and not generating income.
The plandemic was planned.....
The car prices in general just need to come down. The average person cannot afford a car that costs 40k, nevermind double that.
They cant sell it because they overpaid or they are greedy like most dealers
We bought a Maverick XL hybrid June 10th for just over $26K. Been city driving it in Florida and still getting 35 mpg. Best decision we have made. Glad to hear you say you think it is a good vehicle, i agree! Great video, by the way, I value your input on vehicles.
In all fairness to Jeep...their cars are the absolute worst on reliability and consumers dont accept that anymore
Car market goes crazy? Or just returns to sanity
I mean who would think brand new model vehicles would ever lose value fast, even moreso in high interest rates since they were announced.
Shocking i tell ya!
In 2012 I purchased a brand new bare bones 2WD regular cab long bed 4.3 V6 Silverado for $12,900. Seeing the comparable ones now with a $50k asking price is absolutely bananas.
I don't know where you live but I just bought a new 2024 silverado ltz loaded for 54825$ deals are out there but you may have to go a ways to get them.
They bought it from you @110 and they put it up for 140??????stupidly greedy...no wonder they haven't sold it yet.
Vehicle prices got out of hand the last 10 years.
I work @ the Jeep Wrangler assembly plant. They have a nearly 200 day supply of Wranglers on lots because they’re so overpriced nobody can’t afford them, & nearly all the hybrid wranglers have quality issues & recalls.
😯
Americans love what you build, but that doesn’t mean we want to be totally raped on price.
It’s one thing when the price of milk goes up 10-20%. Or even an appliance like a microwave or washer. But when the price of cars increases by a major percentage they quickly become unaffordable to many consumers.
Ford and Ram are pricing themselves out of the market. Even major incentives won’t make $70K trucks affordable for the average Joe.
The car companies saw dealers marking up new cars and people paying those ridiculous prices, and decided to try getting a piece of the action. Can’t blame them really, but now their care are just too expensive to buy.
I know it’s all way more complicated than this and there are many factors at play here, but part of it just comes down to good old fashioned greed.
Maybe we are heading where Europe has been for a long time? Businesses are buying new cars and many individuals and families are buying used cars. That's the only way one can afford the rent in cities and a car in addition.
imo one of the reasons why the prices are going up and will never go down is the cancelation of sedan cars (small family cars). You have a small collection of cars to choose from which let these dealers/manufactures set a value as high as they want without having any cheaper alternative. These days buying used cars feels like a good deal.
Japanese or Korean only. The Americans gave up on sedans because they could not compete in the sedan sector but they still had enough fools to buy their trucks.
Blame EPA regs
Bought a 23 titan fully loaded for 39k with 8k miles... comparable f150 with the options was ALMOST DOUBLE! Plus 5 year 100k warranty
The titan is a nice truck, that and the frontier are the only good vehicles from Nissan these days.
I don’t get the fancy car purchase it’s a waste in my eyes, I drive a 11 year old diesel car that gets 65mpg never skips a beat get 700 miles from a tank. Everything is solid on it, no rust, almost everything is still factory on it put 108k on it since I bought it used, service it every 6k miles, it’s cheap, extremely economical and does what it needs to which is a to b in comfort.
I don't know hoovie, In 1984 I bought a two year old 82 Z-28 Pace car for $5,000 at a dealership. It was my first dealership car purchase and I was happy to pay $500 a month for it. And that was the 80s. It was the only new car dealership that would approve me. I was a broke 23 year old and ate a lot of ramen and mac-n-cheese, but didn't care because I had my dream car. Drove it for three years and sold it for $5,000.
My first bank financed car was a 1986 Firebird with T Tops. I paid 5000 in 1989 for it. The next year got a 87 Tuned Port IROC for 9000. I loved that IROC.
During Covid we were told the chip shortage drove up the MSRP's on the new vehicles and the used market.
Well covid is in the rear view. But like everything else the prices haven't come down? Why should they?
We the consumer showed them that we were willing to pay inflated prices for the same product. Until we hit them in the pocket book nothing's going to change.
Inflation is not merely a car thing, the value of $1 from 2020 is worth around $1.25 now. So, effectively everything is 125% of the price that it was in 2020, it's not just a car thing.
Amen.
@@rustler08”I did that!” (c) Joe
@@craftyukraine Thats hardly a single countries leaders fault. High inflation was worldwide a problem. The economy is struggling at least since the Lehman Brothers bankruptcy in 2008. Central banks have flooded the markets with money. Low interest rates and boom markets created assett bubbles that are going to burst any second now. Covid wasnt helping with this, but again: That was world wide and affected most of the international trade and ruined all the supply chains.
Im glad i was able to buy a fully loaded Genesis GV80 with the prestige and Advance package for $39,000. The original owner paid $66,000. It only had 12100 miles. Im loving it.
People are not stupid. It's sad the only priced Cybertruck available now are for influencers using it only for content.
People are still stupid. Don't kid yourself.
As a European, a Dodge Ram/F-150/Silverado without a V8 is just pointless and wrong. The appeal is almost gone for me if it doesnt have a V8.
Nobody wants them without the V8…nobody but the government. And they’re the ones running things now.
That White MegaCab Cummins truck was actually a smokin deal. Probably the best deal in the whole video, right after slandering Stelantis for a solid minute or so. Lol.
Cummins powered trucks are basically always worth more than what you pay for them. It would be the last truck you ever buy. It will genuinely out live all of us.
car prices SKYROCKETED during the pandemic, and manufacturers were happy to cash in and take that profit from dealers. Here we are, and inventory has never been higher. A lot of models went up significantly. Ranger went up 10K on the starting price for instance. Disgusting.
Before the pandemic the Mitsubishi mirage was like $13k base msrp, now they want like $18-19k FOR A FUCKING MIRAGE🤣🤣🤣
No, if you want a dumpster go to home depot
Home depot sells dumpsters?
It makes no since yet it's right on the money! Well done sir!
But your dad got ur mom at side of street in Tijana
Car companies decided to build the most expensive cars when demand and interest rates were lower and the used market was crap. When people don't buy the more expensive vehicles - they will shift and mark the expensive ones down and make cheaper ones.
Car manufacturers are out their minds believing people will pay these prices. A 2024 Ford F150 Raptor in Australia is $AU340,000! That's $US227,000! Insane.
To put that in context, my 2020 Mazda BT 50 Freestyle with full sized steel tray and towbar cost me $36,600 Aud ($24,452 US.), 4 years ago. Being low mileage, fully serviced and in excellent condition, It's valued at $27k today.
@@davidbrayshaw3529Got me a Serena in New Zealand for cheap. I'd love to buy an American car in NZ but it makes no sense at all.
Sit for a while, no need as they are going to keep dropping.
This. Do not buy it back. If you want one, wait it out.
That "wiiiiizard" at 16:48 was a proper jumpscare
7:25
Modern cars’ interiors makes a pinball machine look boring. I really don’t like it. Longing back to the Night Panel function on older Saabs. Every screen and dial goes black except the speedometer. That’s innovation. This is just stupid distraction.
Since I was in my early 20s I bought new cars and trucks every four to five years...until 2019 when prices began to skyrocket. Will never buy a new car or truck again so I'm stuck with my '18 F150 until death. Manufactures and dealers are only hurting themselves as I have to believe I'm not the only one that refuse to pay these prices.
I dont think they do this out of pure greed. They have those prices because manufacturing cost and material cost have skyrocketed as well. They need to do a calculated win, so they dont go bankrupt. But honestly, when they cant sell cars because they are too expensive, they will need to write them off soonish for half the price anyway. Than we will have to save the manufacturers again with tax money.
Its a difficult environment for car manufacturers as well. We have had high inflation, the markets are still struggling, the competition is tough, new emission rules from 2025 on in Europe... Yepp, not looking great.
@@Gentleman...Driver Thats what I am thinking. We will have to bail them out again.
Why did "super cruise" in the Lyriq make it change lanes (for no apparent reason) and turn it into a left lane bandit?
The economy is on the verge of imploding - many people are struggling to pay basic household costs and others dealing with layoffs. Spending $100k on a new truck is WAY down the list of priorities!
Stop it bro everyhting but a trump tv add tells tou that the economy is doing good get some education bro
That's what happens when the entire economy is based on debt.
But shareholders are richer than they've ever been. Ever think about them!?
@@lordhorg999can tell your mom does the grocery shopping
guess what? it's coming SOON, the total fukking end of America and the West in general, if nothing else our insurance costs will be near 1k per car soon, for a 2000's car! we all know it's coming, insurance companies are also COLD as ice these days.
You mean it's shocking to see a used car that's listed for more than MSRP, by $10k, not selling?
Hoovie, thanks for confirming my 2001 f250 diesel is still a gem with 175k miles and current 2024 truck prices.
I own a Mercedes W123 300D and a W115 240D. I've only changed oil and filters (with genuine MB service parts) and the darn things have run entirely trouble free for years ! And the things are shooting up in value every year.
After watching this video, I'm SO glad I didn't spend any money on a new car! Thanks Hoovie!
Same here i have purposely dailied a W126 for the past 15 years with just basic maintenance and expected service. It has been trouble free and i would gladly throw any amount of money at it if it needed it vs anything new.
@@TheMoistpotato I think Mercedes is intentionally starving their Classic parts department
I own a W210 E430 and a W211 E55 AMG and I did the big 100,000 mile maintenance (motor and trans mounts, brake fluid, etc.) on both of them when I got them and no plans of getting rid of them or buying anything new. The diesels are even more trouble free than the M113 gas motors.
W115. The best car ever built….. love them
You are a very wise man. Also your fuel mileage is very good as well.
Anyone from Los Angeles will remember the Cal Worthington commercials, and this felt like that, only without his dog Spot! I loved the format of this video. It had a used car feel, but for new cars.
I bought cal Worthington's limo many years ago
I take Exception to calling the testarossa a poor man's ferrari. The Mondial, 348 (which you owned), and 412 were all cheaper than it was, even at its lowest point. And Yes I own an '87 testarossa and am definitely not poor.
If you buy that Cybertruck back you really WOULD prove this to be the "dumbest channel on UA-cam". The fact that thing won't sell is proof that they are absolute junk (not that you needed any more proof).
I think some of the current situation (cars sitting on lots) has to do with the frenzy of buying during COVID. The online used car companies started overpaying, and used car trade-ins bought more new car. So now there's a bunch of 2 year old cars on the road, which they're likely upside down on due to over paying, and the market dries up.
Yep, I bought an off lease F150 right before covid smashed truck inventory and less than a year later I was offered more than I bought it for to buy it back (not trade it in).
Glad I didn't sell it because I wouldn't have been able to replace it. That $32k truck with 19k miles would be hard to replace today for under 40.
The Wizard shop is probably the only shop in US that has two different Citroen's in it.
if some company would make a simple, durable vehicle without a lot of tech junk in it for under 30K they would dominate
That's what the cheap mavericks are.
Europe has DACIA for that. Basic, cheap and cheerful motoring with Renault/Nissan build quality. Yes, French stuff but they seem to be good at building basic cars. Just stay away from the higher spec electric tech laden models
Under 30k is not a goal you need to wait for, corolla costs like that isnt it? In europe you can get smaller than corolla fiat panda or dacia sandero for 15k euro, that's better. I drive a car from this category but 2007, it can do anything comfortably. I think they can make simpler cars than that, no one needs the stupid touch screen and they are quite big for a small car. 10k euro new car I will want to buy. but seems like they are not doing this anytime soon.
You could never build it. Government has sooooooooooo many requirements including crash testing, air bags, "safety features" the manufacturers actually pushed for all these requirements so they can raise the average price. They actually passed a law they cars will have to have breathalyzer to start. The technology doesn't even reliably exist yet, but it's mandated.
Almost 3 years ago my parents bought an almost fully loaded Kia Ceed for 25 k $. We can't turn back time I guess.
Yeah, no. That's beyond dumb.
That quick shot 1:08 of the lot with tons of Cyber Trucks looks like the Waste Management headquarters.
All cars need to come down 20 to 40% value we need to get back to $25,000 pick up trucks and $20,000 SUVs. Probably will neverhappen though.
Mmm, the ford maverick he showed is very similar to a ford ranger we have In Australia .
2024 XL models (Rubber floor , cloth seats) are 65k AUD for a 2L diesel variant.
Prices are insane everywhere bro. My partner and I make well above the medium wage here but it’s nowhere near justifiable to purchase a new car.
You were smart too get rid of it. Have you seen the video where all the roofline trim is being removed and it's only held on with glue and twosided tape?
yes and a hardened steel trailer hitch is held on by thin cast aluminum 😳
I saw a picture of one that crashed into a dirt ditch along the road and all the right hand side panels peeled off into the dirt, leaving part of the bed intact and the doors and fender naked... Such weak glue.
We bought a new RDX last December and rather than trade in our 12 year old RDX, I put 3k into and continue to drive it with 183k miles. I'll keep it going until it turns to dust.