Why do people get so pissed off and no they didn't go up 50% Keep waiting and price keeps going up and rates are high Better off paying MSRP @ 1.89% back a few years ago...
The compounding factor going against Stellantis is the interest rate. Jeep, Dodge tend to have customers on the lower end of incomes, so they're often paying higher rates. With a higher initial price, they will lose some of their customer base as a portion will not qualify for a loan or the rate will be too high. GM will gladly take those buyers.
What about the "NEW FTC (Federal Trade Commission) LAWS" that take effect on July 30, 2024? The laws that are supposed to stop dealerships from swindling customers? No more selling you special air for your tires or oil changes for electric cars. That's news worthy!
If all the other pickup trucks with the same category or class is way above that, then technically it is a bargain. Eventhough it's really insane at that pricing.
I am buying at the end of 2024. I am not brand loyal. I do value reliability and safety. Whatever is not selling, I will then see if it meets my needs. If so, that’s what I will buy below MSRP. I do not need to be the first in line for a new model truck. I am fine with the fav from a year or two or more ago.
I have the itch for a Ford Mustang Dark Horse, but dealerships are already marking them up and it isn't even summer yet. No one can even drive the damn car right now, because it's winter, and dealerships are still acting like people are going fight over them. It's a Mustang, not a Ferrari. I'd rather not have it at all than pay over MSRP.
I had a strong urge to pounce while the fire was hot which was last weekend. I got a pretty sweet deal because I wasn't desperate, but the dealer was, which worked in my favor ultimately. The secret to buying anything is timing. Anyway, let me tell you my story; I First drove an economy Mazda3 2010 but coming out of a Buick LeSabre, wasn't digging the cheapness of the ride & feel to it. So I told the salesman that's not what I'm looking for, he could tell I was about to walk, then he said his other lot had a 2014 KIA Optima that I might want to take a look at. Sure enough it was awesome, was a SX with only 95k miles, he sold it to me for $10k plus thru in new tires & wiper blades. I also got top dollar for my hoopty, cuz I was prepared to walk if he didn't.
I agree the value is going to sell. Always has been true that high prices and top line margin is a small market. With the potential recession its going to drive value that much more. I don't think GM is seen as value as you say though. I personally feel it had more to due with the fact the update came out when the others are outdated models. As well GM interior finally caught up to the rest of the industry. Though you have the refresh Ford and ram will have an impact on GM. Then as you said ramped up production will mount up inventory till the dealers fill up and the Mfg are forced to offer deals to keep the sales up. I am expecting 3 ish months and the deals start coming. Also the banks are tight to lend money but need to because that's how they make money. So if deals keep dropping the interest rates will drop some as well to entice people to take loans
Cars made OUTSIDE of the US like Chevy Trax, Mitsubishi Mirage, Chevy Trailblazer are all around 20k - 30k in pricing. Cars made INSIDE the US are priced generally between 30k - 40k. Is the US labour cost so high, that impacts these car prices. Because Stellantis' brands in the US are Jeep, Fiat, Ram, Dodge. Their factories are all unionized and have higher labour cost. Food for thought.
I bought a brand new 2017 Lonestar Ram 2500 Mega Cab Cummins with the blacked out package for a very reasonable price. it stickered at 62K, I got it for 56K. These prices for essentially the same truck, same frame same all around are now close to $80K. Its unbelievable at this price point and a recipe for disaster for this greedy company.
You seem to be hooked on the idea that Toyota's are reasonably priced now and that's why they're selling so well in my modest opinion. They're far from the cheapest price. They've gone up just like everybody else
I’m seeing dealer lots here in SW Florida very full of inventory. Especially GM Ford and especially Stellantis/ CDJ/Ram. Dealers better start discounting or else.
I will be getting a 2024 Toyota Hybrid. That is IF I feel comfortable during the test drive. Their interiors are very "vanilla" (compared to Hyundai), but their hybrids are the best quality and the mpg of a hybrid is double what an ICE vehicle provides.
I hope 2024 is consistent, 2025 is even worse (dealer start going out of business) and 2026, we start seeing manufactures go out of business. Same goes for the housing market. I want a complete reset
Hybrids are still commanding a hefty dealer markup. I will be on the sidelines, waiting and watching, until the hybrid market cools down, maybe in a couple of years.
2:26 @ least u corrected this torrent of B$ a bit saying 'depends'. Yeah... it *always* *DEPENDS*. otherwise I would not c Subaru dealers laughing @ my more than fair offer 4 a Forester. Man, the manufacturers *have been REDUCING* production *FOR YEARS* now. That's y the inventory is low and prices r high. Another reason is the printer. There r quite a few pplz w/newly printed money around who want 2 spend them. So, the dealers will laugh @ these 'prophecies' of 'bad/hard/difficult/low margin'.
When you see jewelry on sale for 50-75% off, what comes to mind? You can now apply those same thoughts to the automotive industry. Never pay full price and always demand a better price. Since 2021, automobiles have claimed the top spot of the most overpriced consumer product and only now is starting to show a potential return to the mean where automobile prices will return to realistic pricing. Automakers are trying to convince the public that an inflationary cycle does not include stagflation and then a deflationary period afterwards. It's like they are throwing rock up in the air and then telling everyone it will keep going up. Their law of physics is flawed. Don't buy it. The return to mean is just getting started.
I really wanted to get a jeep at some point but prices are disgusting so in the meantime I’m just going to try the Volvo xc40 and I might end up loving the Volvo brand and never get a jeep :/
best advice is DONT buy what you dont need.you may need that money to survive a year from now.im dead serious!! alot of americans have never lived thru tough times, & have no clue how bad it can get.they may want to research the 1930's GREAT DEPRESSION.our great grandparents knew it all too well, & barely survived themselves.
Are you in the market for either a Rolls Royce or a Bentley? The Bentley is probably less expensive than a Rolls, but IMHO they are both unaffordable...so why even ask about price differences. The same is true for most any truck in the market...they, too, are unaffordable. So you can talk about volume, price and market strategies all you like, but the bottom line is that it is all academic...again, only for conversation and not for consumption. Now let's look at a Bugatti....now there's something to consider ;)
The smart move and money is to keep what you have as long as you can.
yeah trying to look into getting a car right now feels like a nightmare but I know the one I’m in right now doesn’t have much juice left
I'm waiting till sanity comes back. I may never buy a new vehicle again.
Fixing the old car is the best investment you can make
I have bought/sold over 60 vehicles over the years. Never have purchased new and never will now with what I know. Good luck!!
@@raymondcanessa7208Agreed, my newest is an 09'.
I’ve been saying the same thing to the new car dealers that are trying to sell me a new truck. Not gonna do it!
You will be waiting a long time. People are using loans against their homes which have skyrocketed for free trucks which is why they doubled
Inflation went up 20 something %, but car prices increased 50 something %. That means discounts less than 20-30% off MSRP don't mean CRAP!!!😡💰😡
Your logic is bs
Why do people get so pissed off and no they didn't go up 50%
Keep waiting and price keeps going up and rates are high
Better off paying MSRP @ 1.89% back a few years ago...
The compounding factor going against Stellantis is the interest rate. Jeep, Dodge tend to have customers on the lower end of incomes, so they're often paying higher rates. With a higher initial price, they will lose some of their customer base as a portion will not qualify for a loan or the rate will be too high. GM will gladly take those buyers.
What about the "NEW FTC (Federal Trade Commission) LAWS" that take effect on July 30, 2024?
The laws that are supposed to stop dealerships from swindling customers?
No more selling you special air for your tires or oil changes for electric cars.
That's news worthy!
I will wait till may to buy. Dealers will ideally lose hope and stop overcharging for used car
Anyone that thinks a $90,000 pickup truck is a bargain should have their head examined...
If all the other pickup trucks with the same category or class is way above that, then technically it is a bargain. Eventhough it's really insane at that pricing.
I am buying at the end of 2024. I am not brand loyal. I do value reliability and safety. Whatever is not selling, I will then see if it meets my needs. If so, that’s what I will buy below MSRP. I do not need to be the first in line for a new model truck. I am fine with the fav from a year or two or more ago.
For decades I have only been buying cars under 5k and usually i put probably an average of 150k to 180k miles on them without major issues
I have the itch for a Ford Mustang Dark Horse, but dealerships are already marking them up and it isn't even summer yet. No one can even drive the damn car right now, because it's winter, and dealerships are still acting like people are going fight over them. It's a Mustang, not a Ferrari. I'd rather not have it at all than pay over MSRP.
Really enjoy both your channels Ben!
Again i can not stress enough ! $65k for a 2024 Ram 2500 TRADESMAN Hemi !!! $72k for the TRADESMAN diesel !!! Its a TRADESMAN !!!
might as well go all in get a TRX lol
Happy we are in a buyers market, now I just need a job that pays me 50% more to afford these new cars…..
Thanks for the great info. I see signs of inflammation; start eating healthy for 2024
Truck prices are insane esp the 2025 prices on the Ram 1500- Rebel is going to be a 80k truck.
I had a strong urge to pounce while the fire was hot which was last weekend. I got a pretty sweet deal because I wasn't desperate, but the dealer was, which worked in my favor ultimately.
The secret to buying anything is timing. Anyway, let me tell you my story; I First drove an economy Mazda3 2010 but coming out of a Buick LeSabre, wasn't digging the cheapness of the ride & feel to it.
So I told the salesman that's not what I'm looking for, he could tell I was about to walk, then he said his other lot had a 2014 KIA Optima that I might want to take a look at.
Sure enough it was awesome, was a SX with only 95k miles, he sold it to me for $10k plus thru in new tires & wiper blades. I also got top dollar for
my hoopty, cuz I was prepared to walk if he didn't.
😂😂😂 And you're calling that a good deal???😂😂😂
What would've been a good deal to you, $5k for a 2014 Optima turbo under 100k miles, smart ass?@@leedanielson7452
Does have yellow or orange oil dipstick?
@@fibonaccisequence2891 Pink
I agree the value is going to sell. Always has been true that high prices and top line margin is a small market. With the potential recession its going to drive value that much more.
I don't think GM is seen as value as you say though. I personally feel it had more to due with the fact the update came out when the others are outdated models. As well GM interior finally caught up to the rest of the industry. Though you have the refresh Ford and ram will have an impact on GM. Then as you said ramped up production will mount up inventory till the dealers fill up and the Mfg are forced to offer deals to keep the sales up.
I am expecting 3 ish months and the deals start coming. Also the banks are tight to lend money but need to because that's how they make money. So if deals keep dropping the interest rates will drop some as well to entice people to take loans
Cars made OUTSIDE of the US like Chevy Trax, Mitsubishi Mirage, Chevy Trailblazer are all around 20k - 30k in pricing. Cars made INSIDE the US are priced generally between 30k - 40k. Is the US labour cost so high, that impacts these car prices. Because Stellantis' brands in the US are Jeep, Fiat, Ram, Dodge. Their factories are all unionized and have higher labour cost. Food for thought.
Stellantis sees rebates as far as the eye can see. So they increased the MSRP to keep rebates going. You now get a rebate on a more expensive truck.
Why not make msrp what they should be so you don't need to do rebates?
Sorry Big Three but we don't want to pay for the cost of your losses from making EVs. Your prices on vehicles people really want are way too high.
Americans are getting poorer so I don’t think the auto manufacturers future is looking bright based on the price of new vehicles.
I bought a brand new 2017 Lonestar Ram 2500 Mega Cab Cummins with the blacked out package for a very reasonable price. it stickered at 62K, I got it for 56K. These prices for essentially the same truck, same frame same all around are now close to $80K. Its unbelievable at this price point and a recipe for disaster for this greedy company.
You seem to be hooked on the idea that Toyota's are reasonably priced now and that's why they're selling so well in my modest opinion. They're far from the cheapest price. They've gone up just like everybody else
Exactly.
They are producing less than they are capable of in order to keep prices artificially high. Screw them!
I’m seeing dealer lots here in SW Florida very full of inventory. Especially GM Ford and especially Stellantis/ CDJ/Ram. Dealers better start discounting or else.
Those brands are the WORST quality so I wouldn't buy a GM, Ford, or Stellantis even if the vehicle cost me $10000.
I will be getting a 2024 Toyota Hybrid. That is IF I feel comfortable during the test drive. Their interiors are very "vanilla" (compared to Hyundai), but their hybrids are the best quality and the mpg of a hybrid is double what an ICE vehicle provides.
There are a lot of 4Runners new and used on lots. You will pay less than invoice for a 2024
I doubt that the truck prices decline when you buy directly from the manufacture
I hope 2024 is consistent, 2025 is even worse (dealer start going out of business) and 2026, we start seeing manufactures go out of business. Same goes for the housing market. I want a complete reset
20k off an MSRP that was raised 35-45k because of market adjustment bs or the OEM isn't enough to convince me to buy lol
What about used cars?
Also i see Ram dealers asking for MSRP on new 2500 and wont negotiate 😂😂😂😂😂
Hybrids are still commanding a hefty dealer markup. I will be on the sidelines, waiting and watching, until the hybrid market cools down, maybe in a couple of years.
2:26 @ least u corrected this torrent of B$ a bit saying 'depends'. Yeah... it *always* *DEPENDS*.
otherwise I would not c Subaru dealers laughing @ my more than fair offer 4 a Forester.
Man, the manufacturers *have been REDUCING* production *FOR YEARS* now.
That's y the inventory is low and prices r high.
Another reason is the printer. There r quite a few pplz w/newly printed money around who want 2 spend them.
So, the dealers will laugh @ these 'prophecies' of 'bad/hard/difficult/low margin'.
are you sure toyota is getting bigger market shares? I thought they are shrinking in the US due to not enough inventory to the dealer
2024 Prices will dropp ! Especially for luxury vehicles !
When you see jewelry on sale for 50-75% off, what comes to mind? You can now apply those same thoughts to the automotive industry. Never pay full price and always demand a better price. Since 2021, automobiles have claimed the top spot of the most overpriced consumer product and only now is starting to show a potential return to the mean where automobile prices will return to realistic pricing. Automakers are trying to convince the public that an inflationary cycle does not include stagflation and then a deflationary period afterwards. It's like they are throwing rock up in the air and then telling everyone it will keep going up. Their law of physics is flawed. Don't buy it. The return to mean is just getting started.
I really wanted to get a jeep at some point but prices are disgusting so in the meantime I’m just going to try the Volvo xc40 and I might end up loving the Volvo brand and never get a jeep :/
Ram raised prices a lot more than $1000
If the corrupt banking system would not keep manipulating their interest rates, auto dealers would not be experiencing this.
Dealerships are parasites on society
Even if I could afford it and wanted a truck, I would never pay those prices. I'd boycott them until they cave on price or go out of business.
If you must buy a car, don’t pay asking price. Get at least 5,000 off at a bare minimum
might as well buy an armored vehicle
best advice is DONT buy what you dont need.you may need that money to survive a year from now.im dead serious!! alot of americans have never lived thru tough times, & have no clue how bad it can get.they may want to research the 1930's GREAT DEPRESSION.our great grandparents knew it all too well, & barely survived themselves.
😂😂😂
I keep hearing this theory. however, for someone who goes to dealerships all the time you do not seem to have a grasp on reality
Stellantis on the gonna go bankrupt model.
Not in Zuid Africa /Ford and Toy is very expensive
There has always been a million unsold cars
Couldn’t agree more
If I’m gonna spend over 30k on a car, it has to be a truck. No sedan is worth over 30k.
Are you in the market for either a Rolls Royce or a Bentley? The Bentley is probably less expensive than a Rolls, but IMHO they are both unaffordable...so why even ask about price differences. The same is true for most any truck in the market...they, too, are unaffordable. So you can talk about volume, price and market strategies all you like, but the bottom line is that it is all academic...again, only for conversation and not for consumption. Now let's look at a Bugatti....now there's something to consider ;)
Inventories are gradually rising. Incentives are coming back. The economy will also be terrible by Q1 of 2025. Save your cash and wait if you can
More cars and less you in the videos. Your facts are great but having to constantly look at you is not so great.
Let’s be honest this over the top stealing has just made consumers walk away, great job.
New car dealers could just married their new cars 24 and 2025
All the new cars are total junk and people that buy this new garbage will be sorry