JEEP, DODGE & RAM Dealers Are DESPERATE | Going OUT OF BUSINESS!
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- Опубліковано 17 тра 2024
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Maybe cuz no one wants to pay $50K for a wrangler that was $25K 6 years ago….it takes all of us to say no, for these corporations to get the hint we ain’t doing it.
82k in my country LOL I went to a stellantis brands dealership saw the price turned around like the grandpa abe simpsons meme where he enters then leaves in the same movement
IKR! 70k for a Jeep that should be around 25k-35k! These aren't luxury vehicles! The greed is mind-boggling!
I'd love to see a wrangler I could get for $50,000...most of the ones I see are 65-90k after you account for the ADM.
No kidding! MSRP for a 2024 Willys JLU is around $53K to $55K, I got my 2021 Willys JLU for $42K. Doesn't make sense, people are not willing to pay $50k-$80K for a Wrangler!!
My mind was blown when I saw an ACURA, ACURA(!!!) MDX Type-S going for $75k msrp. Even the Honda Civic Type-R is $46k new. Now that I'm comfortable with buying cars that used to be $23k new, they've blown the roof off and I'm back where I started. It's a depreciating asset that we own for convenience. It's insane.
I had a ford dealer sell me a used F250 that had just came in. They said they would go over the entire vehicle and make sure it was 100 percent. When I picked it up later, they said “oh, by the way, the electronic folding mirror on the passenger side needs to be replaced at a cost of $1,700. “. I told them the deal was off. The salesman asked if I was actually willing to walk away over $1,700. I said “are you!?” I told him to rip up the contract and give me back my trade. They paid to replace the mirror. You HAVE to be willing to walk away if you are getting played.
I don’t buy new.
@@michaelm4514 "I had a ford dealer sell me a used F250 that had just came in"...
Use your brain bro, most likely was a trade in that just hit the lot.
@@codyrompalo9661 Can you read? That’s what I said. And they had it in the shop all day supposedly going over everything. They called and told me it was ready, bro.
Yeap. When i was starting my credit a dealer wanted to finance me a used car at 17.49% interest. Im like thats almost as high as my credit card. No. Either get me underneath 9% or no deal. they went down to %13.9 Im like no. And I left.
Greed took over the car industry due to supply constraints during Covid. Now supply is ramping up so prices need to go back down. Simply economics.
But manufacturers and dealers got used to making more money per car and don't want to go back. I say let the cars rot of the lots until they do. I will NEVER pay these prices. Are you listening FORD, GM, Stelantis and all the rest. YOU CAN KEEP EM!!
Problem is, “Going down” is still way higher than it was pre-COVID. Even in comparison to other industries, inflation-wise.
nope. Prices are nearly the same as 25 years ago. You should understand economics before posting dribble
@@Barneyrubble241when they stop smoking crack and get back to real world pricing, the entire problem will go away
I bought a new 1979 F150 for $6500 in Oct of 1979. It listed for $8100. It was basic but it was a beautiful short bed with the 351 V8 and automatic trans. Eventually I lifted it a little and put on 33" tires with nice aluminum wheels. Now it was really beautiful. In comparison I looked up all the F150s in my area for the cheapest ones. The cheapest I could find was $47,225 list or $42,725 after some incentives. If I run $6500 through an inflation calculator it would be equivalent to $28,072 today.
They made the term 'Lot Rot' for a reason. You have vehicles sitting on a lot since 2022, I guarantee you you'll be getting warranty work on done on it in the first thousand miles... and I still stop by dealers and see certain vehicles are marked over MSRP they're never going to change ! Let them all go out of business...
There are less cars available than pre covid. The idea that there were all these amazing deals then isn't true. Sure occasionally get a discount, but most were near MSRP. Did the world suck pre covid? So if they get back to that inventory level suddenly it all sucks? People are delusional. If people don't want the cars then don't buy them.
@@danielrn133 MSRP has gone up 50% in the last 5 years.
*Reverse competitive bidding is the only chance you have!*
New, Japanese built 2017 PHEV Prius Prime for $22.3k + TTL. Old $4.5k EV tax credit made it even cheaper... nuff said... still like new 6 years later... not giving it up for a while.
Modern car prices are insane. I guess we will own nothing and be happy about it... while new, unsold cars are dumped in landfills...
Dealers were happy to charge 10 or 20 grand over MSRP during The Rona but now the tables have turned and they aren't willing to take 10k less off an msrp that jumped 40+%
Let em go bankrupt
Think of how many of those '22, '23s that could have sold at a profit but dealers refused to move on price (and wanted mark up) and now can't dump them
Many took a business risk and lost. The money they have spent on floor plan interest must be staggering.
*Reverse competitive bidding is the only chance you have!*
New, Japanese built 2017 PHEV Prius Prime for $22.3k + TTL. Old $4.5k EV tax credit made it even cheaper... nuff said... still like new 6 years later... not giving it up for a while.
Modern car prices are insane. I guess we will own nothing and be happy about it... while new, unsold cars are dumped in landfills...
#bailout
Dealers would prefer to lose money to give a car buyer a great deal. They are stuck on stupid.
Thousands and thousands of cars worldwide with brand new vehicles sitting and rusting,they’ll be stripped and recycled.
giving a great deal=losing money.
@@davidporter7051well they’re losing even more money letting them sit at there’s prices no one is going to buy them at.
They’re gonna end up crushing these vehicles before selling them for a decent price. How fucked they are in the head.
@@davidporter7051 Losing money = losing money 🤓Just give me a dam deal lol
@@davidporter7051 giving no deal = losing more money cuz bank will repo it ........and paying interest on it
I’m sorry but we have been hearing about collapsing prices for months but when you go to the dealer they dig into MSRP + ADMs + crazy add ons like ticks on a dog.
very north american thing, here same market problems but different dealership ones, nobody pays above msrp it's not happening, small country you can drive 6 miles to another dealership, here they never tried to sell me a car on the last one I waited until he invited me at the table to discuss financing something anything but nope he didn't even answer my questions about the differences between two models he only said "many" a single word ! I wondered where the hidden camera was who hires those salesmen what kind of dealership doesn't even try to sell
Months? Try years. These guys have been shouting about the imminent collapse of stalantis for the last 2 years at least. They've been saying wait to buy, wait to buy, prices will come down. Well, prices haven't come down in any significant degree. Why? Because Americans are willing to purchase very expensive vehicles on credit. As long as they can make the monthly payment, that's all they really care about. Sometimes, they don't even care if they can make the monthly payment. The fact of the matter is, these auto companies are seeing record profits year after year so they're not going to change anything.
I thought so too. I was looking but taking very good care of my 2019 Ram. Prestige Chrysler in Las Vegas was 250 miles away but they made me a deal that made the drive worth it. You really have to do your homework.
40 k should buy u a loaded full size pick up. THEY are beyond out of touch. All of them
I agree.
Too many dummies out there that will pay whatever as long as they can afford the monthly!
Hear, hear!!
@@whyooter1 and this is precisely why this economy needs even higher interest rates.
I can remember being a child in the 90s with my first bank account getting paid double digit interest. Like, 10-12%
I was truck shopping last year and went with a Tundra bc it was the cheapest and solid trim.
The 40k price point is long gone. Full size Trucks now are $60-120k.
Like interest bearing savings accounts and endless crab at red lobster. That time ended a decade ago.
I walked into a dodge dealership last month. A wrangler 2 dr i liked had a msrp of like $47,000. I offered $37,000, and asked if we could have a deal... they told me $43,000 and go pound sand. Car is still on the lot one month later! Will be there for another month!
Many dealers have waved the white flag and are marking the brand new 2024’s down $10K or more on Gladiators and some wranglers. 18 months ago no one would’ve dreamed of that happening
@@matthewmatzner4930 Gladiators are ugly as hell.
lol....congrats on having the balls to come in 10K under msrp. Thats gangsta.
@@cygnusa3772 so is your mother but just like the gladiator she gets the job done
It will be there longer.
Advice. Buy a twenty year old vehicle. Spend the money to fix it up to great condition. Pay cash for everything. Drive it for ever. Save tens of thousands of dollars. Works for me.
I agree. Even a car that’s 5 or 10 years old still has a lot of life left in it, if properly maintained. 👍
Driving a 10 year old toyota truck so I'm half way there!
That works outside the rust belt. Because of fuel economy and crash protection requirements cars bodies are so thin that a 10 year old car in my area are rust buckets. In 20 years the frames are rusted out on my full size trucks and the body has holes you can put your fist through. I drove a 2004 Malibu that has 278,000 miles on it. Used about a quart of oil every 500 miles. It was rusted so bad the rear axle fell out of the car. I see stacks of Dodge and Toyota frames being replaced under warranty. Rust simply kills cars above the Mason Dixon line.
Yes sir, here in northern OH. My 2006 Malibu has little over 200,000 and rusting pretty bad. Too rusty to even get an alignment. Gaskets leaking oil pretty bad. Been towed so many times. Im done buying used to save money then spending much $$$ on repairs. My next car will be a new Toyota Rav4. Have the cash , just waiting for prices to drop a little more.
Yes! That! Check out what I did to my 2002 Honda CRV on my UA-cam channel, a few bucks and it looks better than new models... ua-cam.com/video/A51uNz08Bxs/v-deo.html
YES, I love hearing anytime a corrupt greedy company or store goes out of business, it makes my day. Let the ones who are honest and don't rip people off stay around so we can feel good about buying items.
They are all crooked. All brands, new used, etc. All of them.
They told the dealers to stop marking up the prices. They wouldn't listen. They have to get rid of them. They rip you off when you purchase a vehicle and when you have repaired
Let them all go under. Maybe we can get direct to customer
How? Many states have a law that requires automobiles to be sold through a dealer so the customer has local product support.
@@buckhorncortez sadly I believe most do.
Be careful what you wish for about that!
If there aren't any dealers near you lobbies won't be able to maintain that victory. @@buckhorncortez
@@buckhorncortez In the 1920s we banned alcohol. Why isnt that ban still in place?? Laws mean nothing when it comes to american people
I would rather buy an overpriced Toyota that last for 15 years then a Jeep that lasts 5.
Or.... neither.
Why does everyone think that Toyota is some kind of magical brand? They have issues as well.
@@emiliog.4432 they literally have nothing else going for them.
Just bought a Camry 300 HP V6
@@emiliog.4432 Go to Consumer Report both Toyota and Honda have the best quality control and longevity and trade in value for like the last 40 years just ask anyone in the auto industry.
I used to buy all Dodge. I stopped when my local dealer started doing credit checks on me every month without my permission. I was in the middle of trying to buy a house and it almost cost me my mortgage. I will never deal with them again
Why were they running unauthorized credit checks?
@@Seanpfreeyup and they didn’t care. The financial guy at the dealership tried to tell me that it was “no big deal and they do it all the time!” I had to pay my lawyer to send them a letter to make them stop
@@Seanpfree they started doing credit checks and then called me to see if I was interested in a new vehicle. I had purchased a minivan from them five years previously. I told them I wasn’t interested but they checked my credit six times in five months and wouldn’t stop calling me to try and sell me a new car
prices are insane....in 1998, I bought my first Jeep Wrangler Sport, around $22K and back then it was considered a cheaper, affordable vehicle to buy...then I bought a Wrangler Sahara in 2007, $27.5K....sitll affordable.....today?? To get a decent Wrangler with even modest options you're well over 50K, and most of them sitting on the lot are between 60-70K, and quite a few are upwards of 90-100K. Insane, a WRANGLER.
And nothing has changed since 1998. It's the same vehicle
@@Christdeliverme well, I'm not sure about that, but prices have skyrocketed ridiculously. For these numbers you can buy a Jaguar or Range Rover.
Well they figured that there are a large number of suckers willing to pay over top dollar for a noisy, un road worthy hunk of junk, so they soak that crowd as much as possible.
@@Christdeliverme No, it has a worse engine and more tech now so it won't last as long.
$22k in 1998 is around $42k today.
If they were desperate, PRICES WOULD BE LOWER!
Watching Jones Junction doing renovations at multiple parts of their dealership.
Exactly. So “desperate” the prices are in the stratosphere.
The explanation is hubris
I agree, I don't see any reduced stickers going on these hard to sell rigs. I don't see any dealer going out of business either.
Yep. There still are not as many cars out there pre covid. So I mean..the idea that these amazing deals are going to be out there? Were there "amazing deals" pre covid? I guess occasionally, but most paid near MSRP even pre covid.
If you have a fat wallet, you ride out hard times. I live in Baltimore but have never driven there.
Thankfully I’m a manager at a larger CJDR dealer. This is definitely going to force many non metro dealers out of business. It’s a perfect storm, high floor plan rates coupled with the unrealistic price range of new vehicles, Mom and pop stores are done unfortunately. Stellantis has no idea how to operate in the US market.
The UAW is saying that the main wire harness is to short and will pull apart on bumps and potholes and shut the truck off in traffic, and they reported this to stalantis upper management and they don't care. You guys should investigate this.
Way to save $4 😂
Hey...everyone....everything this guys says should be "investigated". Hey why don't you "investigate" it. Make sure you have your detective hat and magnifying glass.
@danielrn133 sure, buy me a ticket to Detroit on a Leer jet.
@@paulwicklund5044 Nice weather. Walk.
@@paulwicklund5044best we can do it a ticket on a Boeing.
I just looked at a 2024 Pacifica yesterday at a dealer in Central MO. I asked the salesperson if there were any Chrysler incentives, and he said, "Welll, I guess they're pretty proud of them, so there aren't any rebates!" He shook his head. We discussed how Stellantis isn't selling cars. There was a $100K Wagoneer sitting in their showroom as well. BRAND NEW $6M BUILDING TO BOOT!
Have you researched the Pacifica's (2017 and later models) reliability?
@@locknload4691 what about it? (I'm assuming you have done that research? I've been interested in one for a while...)
@@priestesslucy3299 Google is your friend.
8:20 - Words of wisdom. Dealers would be doing themselves a favor and creating some consumer good-will by auctioning vehicles to the public vs a bank auction.
True that!! Turn customers into driving referrals for future business!!
@@whyooter1 and they would get the service business.
They'd make more money. You know how Joe Blow is at auctions vs used car dealers that know when to say when.
Still own my 1995 Ram 2500 Cummins, never plan to replace it, had it 25 years so far. 🤷🏻♀️
They can thin the herd on dealerships - but that will have no impact on what the consumer is willing to pay. The vehicles are obviously already overpriced… it’s basic supply & demand concept that dictates.
Thinning the herd is an attempt to manipulate supply. That's half of the basic supply & demand formula. You're talking about the slope of the demand curve.
I’d buy one if they come down 60%
LMAO 😂
Exactly
Same
When they go out of business not good idea 💡
I'm a 20 year durango and jgc leaser. I can't afford it any more. I just bought out two leases that were up as it was much cheaper than getting into a new lease!
The prices need to drop 10-20K period
FCA pricing themselves and customers out of the market....
In California (Los Angeles area) there are dealers who STILL have markups on Scat Packs and Hellcats.
Delusional
to funny. imagine a markup on a scat pack, when they getting whooped left and right by the coyote's out there.
much easier to prey on the victimhood mentality of the demographic that "buys" those types of vehicles
@@ronyeahright9536
Challenger is easier to live with than a Mustang. There is no comparable Ford Vehicle to the Charger.
@@KevinSmith-qi5yn as an owner of 2 mustangs, I beg to differ. Mustang is superior in every way.
One of my Jeeps, pissed transmission fluid on my impeccable and sanitized garage floor the day it came home from the dealership. Ever since, I have stuck with Toyota and they have never, ever, let me down.
As a 5th gen RAM owner, I am so disappointed with RAM. I tried to buy a brand new TRX for MSRP and every dealership basically said F-off. I hope they go under.
So go to another dealer. Free market if someone won't sell it to you someone else will.
The jeep, Dodge, ram dealership near me has 743 new and used cars and trucks. I noticed yesterday they had to park a bunch of trucks in a field as they are so overcrowded. I have purchased from this dealership many times and this is sad to see.
Get rid of the middle man and sell directly to the consumer and drop the price 30%. I don't want to help buy the GM and managers 2nd, 3rd and 4th homes with their markups. Greed might kill Ram and Dodge.
If any dealer that tagged on $20....30....40...50...60k in ADM go outta business now because they are drowning in inventory GOOD!!!! F em
It doesn't take a genius to realize those CDJR dealerships who have newer 2025 models on the floor will NEVER unload the 2023 or 2024 models unless they drastically reduce their prices.
Wouldn’t Stellantis benifit more by selling a crapload of vehicles at very little profit than forcing their dealers to go out of business? Why not just price the vehicles slightly higher than what it actually cost to build them. I assume the MSRP is not what it actually cost to built the vehicle plus a slight markup for profit ; it is obviously inflated to where the profit is obscene.
no. they can not compete with Tesla's direct sales model which lowers cost by getting rid of the middlemen dealerships. long term they need to somehow do direct sales or (too late) force Tesla to use the dealership model via new state laws.
A wise buyer would wait another year to buy because in a year prices will crash and you by being patient will win!
Been hearing that remark for 2 years now!!!
People just guessing what is going to happen!!
@@JK-qe6qqno the prices have fallen like crazy. The interest rates are high and nobody wants to finance anything.
2025
Been hearing that for 4 years since 2020, if someone could actually predict it they would be billionaires, the truth is no one knows.
I don't know man. buying any car after 2020 is a bad idea.
Indeed I expect to see another purge of dealers like we saw in 2008-09, especially where ones close to each other in suburban areas. Many CDJR dealers have been in trouble for years, parts and repairs are still a problem, they get paid less than needed for all the recall and warranty work. I also think we are past peak for large pickup trucks in the USA, with many turning to small models or to SUV/CUV's as cheaper and more appropriate for their day to day needs. Also, the V-8 Hemis are gone so lose a lot of customers there.
There’s a Ram dealer in Somerset, Massachusetts that still has a new ‘22 Ram on the lot. The window sticker is $61,000 and they were trying to sell it for $91,000. They have now reduced it to $75,000. Unbelievable.
People are broke and the economy is questionable. Banks are tightening up lending. Inflation and corporate greed have raised the prices on everything.
The consumers willing and able to pay inflated prices are dwindling.
In the face of this, Stellanis’s current business model seems to be “Dam the torpedos! Don’t lower the prices!”.
They ignore the economy, the customers purchasing power, the banks tightening of lending , and where their products rank in comparison to other products.
They also want to force their European business model on the U.S.
This is not going to end well.
Hopefully another company is able to buy the remains after the inevitable occurs.
BS. I keep offering 39k on a 42k vehicle and the answer is always a big no. I have gone to 5 dealerships, 2 being out of state. No they are not desperate at all
Go to a different brand.
They aren’t desperate. They know if it gets really tough the government (you and I) will just hand them a few billion.
My dad just picked up a new 2023 charger v6 for under $25k. For 25k that is a heck of a car.
What 25k u serious?? What place is this at??
They're advertising them in Austin, Texas, for $21k
Just wanted to say thanks for all your advice in your videos. Needed to buy a second car and got a 2024 Subaru Outback Touring XT OTD for $43,191.04 in 60618, MSRP was $44,959.
At last the tables are turning in favour of the buyers, but not until the dealers are paying more
in interest than they are making on the ones that sell.
Only then will we see prices drop and be able to buy a new car or truck at a sensible price.
All good things come to he who waits.
Nice microphone. Keep it going CarEdge!
There are 94 2022 Rams Near me in NC. The cheapest is showing msrp $43k, then jumps to $60K to $100k+.
I learned so much watching your videos. I used the recommended techniques and ended up buying 24 Honda CRV for over $3k below MSRP. Can’t thank you enough!
I have enjoyed all the posts from all of you wise buyers out there who have bought used, fixed it up, and saved thousands of dollars.
They do not have a vehicle or pricing to save the company.
They have plenty of popular vehicles. The entire problem is the pricing.
I think Stellantis is just desperate for anyone other than them to take the financial hit they know someone has to take. I think Stellantis believes they can outlast the Dealers and Banks financing the floorplans and by doing so force the current losses onto those balance sheets instead of providing the incentives required to actually move the vehicles which would put the losses on Stellantis's balance sheet.
Nice take. I could see it.
On the manufacturing side, I heard a UAW conversation on youtube where they swear Stellantis EU is trying to sabotage the Ram, and Jeep brand. Complaints about bad parts, too short wiring harnesses that fall apart during bumps. The US production workers then get blamed. I usually follow Hanlon's Razor on things, i.e., Never attribute malice to what can be explained by incompetence, or stupidity. In this situation I tend to think it's a 50:50 blend of greed and incompetence. This could also apply to the sales side.
My wife and I bring in almost 300k a year. Our house is paid for and almost zero debt. Yet, We cannot justify spending 50k on a new vehicle. And wont. We both drive several year old Toyota’s that we plan to drive till the wheels fall off. If we ever need another vehicle we’ll just pay cash for a five year old Toyota and save our money
You guys are awesome
Thank you
It’s a public service you’re providing
Last year Jeep dealer near me couldn't get or keep a 392 on the lot, now 5 of them are sitting there discounted thousands and still not going anywhere! I would trade and get one but my trade value is in the dumper.
I've made good money buying puts on STLA in March. Thank you for the info! 🙌
Got to be the best duo on youtube.
Jim Farley, in an interview a few years back, said the quiet part out loud that the only way Big 3 can compete with the Tesla Direct Sales model is to get rid of their (middlemen) dealers. Legally this is very difficult b/c of the laws in some states that the Dealerships' paid congressmen put into law. BUT if the dealerships go out of business and Big 3 do not accept any more new dealerships... You do the math.
This is the great reset. It's happening in every industry.
The Bank are not working with the 22, I have seen and heard from a number of sources , you will have to almost pay cash for the 22, 23 , it considered used vehicles for by a number of banks and it is a used, even if it never hit the road and you have a 700 plus credit score you can get them but getting it is going to take a tons of money out of your pocket down, when you could get the same vehicle from a private owner on easier teams Chrysler product like the rest of the manufacturer are overpriced and I would get one just anyway because they are better deal will be coming at some point or just wait for them to come to the auction and buy them there when the floorplan takes them.
I bought a 2500 ram 5.7 L gas didn’t know how long it was on the lot which I found out was two years lasted 2500 km and I lost the top of the motor. Every seal is dry rotted warranty was $14,800for motor replacement
The truly SAD part about this is that there will be some dealers that will have to close, most likely any "Mom and Pop" dealers. Local ownership is pretty much gone as is, but this will finish it off and leave the auto groups with deeper pockets to operate
All the good dealers in this area shut in 2008/2009 and they left the bad ones open. Also, newer vehicles require some service that only the dealer can do. If they decrease the dealership networks then who is going to want to drive 2 to 2.5 hours to a dealer to get service?
I wish they'd sell Jeep to some company that wanted to produce an "everyman's" Jeep like the CJ series was. Simple, no frills, rugged, capable and affordable. Ditch the EV and hybrid BS, ditch the $60k to $100k models and just make something simple and affordable. Crazy idea, I know.
Mazda dealer near me still has an additional $3995 “market adjustment” on all new cars. As their lot overflows with cars.
I can't get them to quote me an OTD price
Go to a different dealer then.
Yep. Walk out that door!!
Don’t be scared to walk,
*** back in November you guys said to wait until Memorial Day to buy a vehicle. Do I continue to wait or is the time now? I’m looking for a Toyota 4Runner 4x4 in California
Let me tell you a personal experience: My wife bought a new 2016 grand caravan and has been taking it to he dealer for servicing and oil changes, agree the price they charged was a bit steep, but they did a free inspection and the job they did was professional, so last year, I take it in for an inspection and oil chage and they tell me the car is going to need $1800 worth of work. This is a car with some 33K miles on the odometer and well maintained. Fck them. I have my own tools and OBDC reader and it showed no errors. The car runs great too.
Less dealership won't mean better pricing. It's just less outlets to move vehicles nobody wants.
If they lost 10-15 percent of dealers, the remaining dealers would then each have even more vehicles to try to unload on the public.
Exactly! That's the key problem with the conclusion they drew. The automakers and banks will collude so their shareholders will win at middle class consumers' expense - as usual!
Jeep Australia just cut up to $28,000 AUD off Grand Cherokee. They are really struggling in Australia
It''s not just these guys, there are several dealers near me that have Corvettes 3 to 4K under MSRP cause they are not moving! Corvettes typically sell for MSRP so this is definitely NOT the norm. Cars that are in the 80 to 100K range are just not moving much.
I had been watching how long a 2023 Challenger SRT Hellcat was staying on the lot at one of our local Dodge Chrysler Jeep dealerships in Summerville, SC. It listed for $82,000 and got marked down to $79,000. It was on the lot since last July, and the car finally sold a few days ago. I don't know how much the buyer paid for it.
Ram dealer in Salt Lake City still has 10 new ‘22s…
Are they really new?
Looks like it. A few lifted 2500s, a 5500 cab and chassis, some Promasters, and a Jeep Wrangler.
Quick check at my local dealer they have a bunch of 2024 model starting at $54k and there highest price truck is listed at $119,000 at those prices I'm not buying one
The ford dealership next to my job is renting out all the lots around it to park their pickups and it just keeps growing. They aren’t selling. They have about 50 or more Mach E just sitting there for months. But most of all it’s f150s and most are 2023 year models
My old 8' bed with a camper shell makes weekend camping with a cot and full-size mattress a breeze. Now I can't even buy an 8'. Need at least a 6.5' with a built in shell that doesn't leak and has side windows with screens. No need for crew cap just enough extended to fit my ice chest and stove. Nobody care about how easy the short tour camping guy with no dang travel trailer needed for deep woods 4x4. It would be the bomb for some of us. G friends always liked the roughing it with a bed just fine. Already getting ready for the woody or the woods rather
Great info as always guys.
How low should one go on a 2024 RAM 1500 Laramie that is priced at $65k? Could as the customer we hold the line on $50-55k or lower when negotiating?
msrp in 2016 MSRP of $29,420 That's the problem
Even with less dealership people not buying because it’s not affordable for most people so it doesn’t matter if there is less competition
I paid $45,000.00 after interest for a fully loaded 2018 f150 3.5 Ecoboost FX4 brand new. I thought that was a bad decision at the time. How did we get to the prices of today 🤔💭 This market is through the roof. The vehicles loss value as soon as you drive them off the lot but cost just as much as a small 🏠 and property.
In what state? Mississippi?
@@653j521 in South Carolina. This was in 2018......1.9 interest rate....
When doofuses pay that kind of money for a brand new POS the dealerships will never change.
@@653j521 South Carolina
As a life long MOPAR fan this is hard to watch but you guys are right. They don’t make great products anymore and are trying to sell them at exorbitant prices. I’ll just stick with my jeep XJs
Last time I drove past the Dodge dealership the median price of the front row Ram trucks and Jeeps was over $70k. I know they have cheaper cars deep inside the lot but I don't care to look any deeper when that's what they expect to get for a truck or a jeep.
Be nice around here. All the 24s are selling fast, or were. Every one i look at sells before I can get there. The last 2 months anyway. Lease incentives for May suck. I'm waiting for June. Search within 100 miles.
And 2nd I went to another dealership I think was a Chevrolet dealership and the dealers was just walking around not doing a thing cause people are not in the market to buy any of these vehicles… I mean they had some stuff for sale and had some small rebates but I believe I was the only one trying to negotiate on a vehicle… I saw most the dealers just loafing around just killing time… how are dealers getting paid when dealerships are very slow?
It was the same thing when I walked into a Toyota dealer and BMW dealer. Tons of stafff just sitting on their phones!
Only dealers I saw where ppl were working, wheeling/dealing was Honda and Audi.
I sat on the toilet and did a big Jeep. Flushed it away...
One of my local dealers is advertising a new 2022. Ram 2500. Huge discounts and still wants 60,000
I'm looking to get a used Honda CRV or a used Subaru Forester. Have not test drove either. I looked at everything and this is what I like the most.
It's funny how nobody will tell you how much the dealers are paying the manufacturers for the vehicle or what the actual cost of building a vehicle is. Give us those numbers and then you can try and justify $60k for a truck. After manufacturing the vehicle, the only added expense is shipping, service and washing the vehicle. Everything else is paperwork. I'd bet 2/3's of the cost of the vehicle is for people doing paperwork. Everyone deserves to make money, but at a reasonable price.
I remember when the next years model did not reach the dealers until September. Many years ago, it was November. Sometimes, you could find a mid change over vehicle with parts from 2 years. I owned one. They are pushing them out way too early. Anticipation of the new model could drive up sales.
When a complete redesign comes out, the new ones can arrive super early. I bought a 2009 Pontiac Vibe in the first half of 2008. Maybe April or May.
The Dodge Chrysler by me seems to be the same as average, but I can definitely tell you that the ford dealership up the road is filled to the brim, overflowing into the ditch next door lol. I've never seen so many cars and trucks packed in like sardines. They are definitely struggling here in central PA.
My Son works at a dealership and they still have a NEW 2022 on the lot! And a ton of 2023s.
It’s not the price, it’s the quality of the product
It's important to understand that not all dealers use commercial floor plans. A dealership I worked for back in the 1990s had an owner wealthy enough to finance the vehicles personally. He would, of course, charge interest on the money owed and profit by it. This is probably not unusual for larger dealership corporations. So not all dealerships are in danger of getting their vehicles repossessed.
There is even new 2022 Ram trucks still on dealership lots!!
I owned a aftermarket accessory shop and my local dodge dealer was selling Ram Classics to people that didn’t even know that there was a new body Ram available even All the way to 2024 , they would come In and not know they were driving classics. And when I figured out it was a Classic body they would be upset at that they got deceived !
Can you guys do some videos that aren't focusing on pickup trucks? I'm really curious about cars like Grand Cherokee 4xes and other Stellantis vehicles. Even volvos.
I'll have to disagree on the everywhere but north america in my "rich" western european country they are poorly placed Suzuki sold more vitara than wrangler and grand cherokee combined and I had to google what a Vitara looks like because I have never seen one on the roads, that's bad
Theyre not that desperate because they are still giving shit interest rates and the 2023 gladiators are only 7% under msrp. Ridiculous!!!
Love my Ram, got a great truck at a great price good timing. If i was shopping today id def be looking at Ford/GM
Ray,
I challenge you to honor your viewers and give them the tools to be successful shoppers and do a series of videos on how navigate buying vehicles with mild to extreme lot rot and getting a good deal.
OR
Create a CarEdge lot rot vehicle discount incentive program to move some of vehicles and get great deals for your customer base. The fee for a remote vehicle inspection is roughly two-hundred dollars. This is not a heavy lift or rocket science to weed out the good from the bad vehicles on dealer lots across the nation.
Thank-you!!!
I think this was the channel that had info from a guy at the Jeep factory in Toledo last year who said everyone was working huge overtime hours, the vehicles sold to dealerships at high prices, and the plan of Stellantis was to work them like this until the dealer lots were full and then shut down the factories. News reports indicate that happened earlier this year according. European companies have a history of buying and then destroying American companies and this looks like one of those cases.
Chrysler and Ram engines are all prone to failure with the active engine management they have lifters,cams,and valve spring failures. Hopefully it happens under warranty. Your average consumer is wise to the situation. GM has the same situation with their engines with that active engine management system... Crazy