IT'S BEGUN! The Car Market CRASH of 2024

Рет қаралды 1,176,464

Күн бұрын

The greatest car market crash we've ever seen has started. The new and used vehicle market will crash in 2024, I explain how and when in this video.
The driving factors at play include:
- Negative Equity Highest Ever! $6K.
- REPO Rates are HIGHEST EVER! People can’t afford their OVERPRICED Cars.
- Repos Up 21%…
- Tow truck companies are backed up…
- Number of people with car payments over $1000 up 18%…
- Auto insurance rates are out of control… (average annual cost was $847 in 2007… ($60 month)… now $2542 per year
- Cost of living is the highest we’ve seen… prices have inflated faster than we’ve ever seen. 36% MSRP hike since 2019…
- Job salaries haven’t risen at an equal rate…
- Inventory averages… 78 days, going up.
- Interest rates are awful
- Emissions standards are forcing unwanted vehicles into the market… EVs
- WAIT 60-90 days to buy a vehicle… retail is always behind wholesale prices.
- The decline will continue through 2024… no sign of letting up.
- PS: remember the dealers who took advantage of customers during COVID and pay them no business now that deals are good.
Let me know your thoughts on the current car market. Do you think things will get better or worse in 2024? Thanks for watching as always. Please consider Liking and Subscribing if you haven't already. Thank you for the support!
-Stay Untamed...
#carmarket #vehiclemarket #marketcrash
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@untamed_motors

Пікірлер: 2 700

@jakef2518 6 ай бұрын

People need to stop buying vehicles for a while unless an urgent need. Dealers need to feel the pain and that consumers won’t continue to pay these crazy prices.

@JetFire9 6 ай бұрын

If I really really want one, is it urgent? Do we have to ask you what is urgent?

@user-tu1ot8ol1u 6 ай бұрын

@@JetFire9Needs are urgent, wants are not urgent.

@Spaethon 6 ай бұрын

Agreed. My car is 26 years old. Nothing wrong with driving old school. You have any idea the money I'm saving?! So nice to have common sense.

@lavoisier2815 6 ай бұрын

I agree just Stop buying the Consumer has the Real Power.

@Ericsson787 6 ай бұрын

@@JetFire9 are you a smart ass or a dumb ass? Lol we need the same thing to happen in the housing market too. Cut demand dramatically for a little bit of time and let prices and eventually rates come down as a result

@jetg2059 5 ай бұрын

I'm going to keep fixing my 10 year old car until the doors fall off

@UntamedMotors 5 ай бұрын

Haha definitely a solid plan right now

@Surannhealz 5 ай бұрын

And I’ll order replacement doors on Rock Auto when that happens!

@islandman5802 5 ай бұрын

Yup, I’ll keep driving my 2011 and 2013 Toyota’s!!

@wendyc1902 5 ай бұрын

I have a 24 yr old Tahoe with 260k miles and a 1992 Toyota Paseo with 150k miles I mainly drive the Toyota...it gets 35 mpg and takes $20 to fill up. A 31yr old vehicle

@jchastain789 5 ай бұрын

I have a vw jetta with 280k 2014

@dougdavis7079 5 ай бұрын

I spent my whole life in the car business. I was with a manufacturer, then went retail running dealerships and then as a consultant and finally fully retired at over 70. You analysis is spot on but it is actually worse than you think. Major recessions start with the car business. The days supply, across the board, is much higher. Ram is sitting on a two years day supply of 2500 and 3500 pickups. Ford and GMs inventories are way up there, too. Dealerships grew accustomed to inventories costing 2 or 3% to sit on their lots (what we call interest floor plan). That is not the case and these dealerships are choking on excess inventories especially the much more expensive EVs. The flood of repos is causing used car values to plummet as these cars hit the auctions. As you said, the average consumer is $6K upside down on their trades, if the still owe on it. Used car values have decreased so they are upside down and their cars are worth less. Manufacturers have increased prices about 50% over the last 5 years. During that time, they weren't offering any incentives either. Part of this was caused by the chip shortage but much of it was caused by the government's wasteful spending flooding the economy with money they just printed.

@ericeboswell 5 ай бұрын

according to your experience do you believe we'll actually have an automotive market crash?

@shawfestify 5 ай бұрын

I’ve been waiting my adult life for st like Saturn…cars priced like a loaf of bread, if it’s a $1, cross the river, it’s $1 at another dealer. That ended 20-30 years ago (they’re still on the road). Hoe much does it cost? Is still some top secret gangster question at any dealership. A: how much do you want to spend per month? Go buy anything else-they give you that answer you’d walk out instantly. Because it’s so disrespectful, dishonest, just stupid-sounding. I have closed my last two vehicle purchases online. When I walk in, it’s understood I want a test drive, and to pay. I don’t want to speak to the finance guy who says, well you know it’ll break soon…you want tire coverage ($1,000 ea.) engine coverage, glass coverage, additional injury coverage, & prepaid maintenance plan? Etc? 1st sell you your dream car for whatever they can get from you/then tell you it’s a piece of sh*t & sell you additional $3-5k in insurance or whatever add-ons they’re selling. One place I walked in/walked out, but I at least had to initial 10 line items to prove they tried to upsell them to me, before I walked out drove my new car away. That’s a business model? Hm.

@hookahparties2005 5 ай бұрын

There’s about 15 Ram TRXs sitting on a dealers lot near me. They are all marked up $30k over msrp. Good luck to them.

@adam551982 4 ай бұрын

Fuck joe biden! Anyone up for another 4 years? Maybe after his 2nd term i can buy a camry for 100k usd. What a joke.

@tmo4330 Ай бұрын

The price of new cars have NEVER went down and NEVER will. Manufactures have given their employees GIGANTIC raises even here in Alabama where there are no unions! Retired auto worker here, 42 years on the production line. You also failed to mention that there are few people who want to work hard today. I wish I were young again! I have never saw the future so bright for production workers. Amazing times we live in now. Imagine making $32.00 per hour before benefits and getting to work all the overtime you want in Alabama! Let the good times roll.

@starfox1340 5 ай бұрын

As simple blue collar guy, it is just a dream to buy new truck. A decent truck is 80k plus. I remember dreaming of European sport cars that were in that range not that long ago. Bonus note: I hate the auto engine kill when you stop ! Like do we not care about starters anymore ?

@joshuabrown9413 5 ай бұрын

Reversed engineering. "Let's make it fail, say it's innovation and charge an extra $25k for it!"

@bokiNYC 5 ай бұрын

You can easily disable auto stop/start in most European vehicles. That and fake exhaust noises were the first things I disabled on my '19 Mini Cooper JCW and I did it myself with a cheap OBD2 dongle and Bimmercode app.

@osceolaseminole5596 5 ай бұрын

Sheep think it's a grand idea. 😅

@queal1995 5 ай бұрын

The starter definitely takes a beating. From what I understand they coat the pistons with something to reduce wear and tear on the motor. It's still stupid tho. My 2015 cruze slips into neutral to save gas. I got my transmission replaced under my warranty cause we all thought it was broke aha

@Jkstolz 5 ай бұрын

It's a different type, made to take the extreme amount of stops and starts.. at least on an Alpha romeo 😂

@aaronfowler5477 5 ай бұрын

I like how bringing prices back down to a reasonable range is considered a “crash”.

@texasspartan86 5 ай бұрын

Who is defining reasonable? The market goes up, it goes down. If it tumbles on it's way down, I'd agree with the OP, it's a crash.

@32phoenixx 5 ай бұрын

Hey! Stop using your brain! You're supposed to go along to get along don't you know that.

@jordangordan8980 5 ай бұрын

For salesman it is lol

@angelocasio5471 5 ай бұрын

lol 😂

@davido3403 5 ай бұрын

So when inflation goes down its a crash! My used car was selling for more money 3 years after I bought it. Thats not your normal up and down. Prices went up because of chip shortages ect thats not your typical thing for price ups and downs either. This is things going back to normal.

@vanguy7810 6 ай бұрын

Nobody is buying vehicles, it's all crashing, but hey, let me show you my new truck

@marcpikas2859 6 ай бұрын

What a contradiction…quite common in poor consumerism!

@teamdada2194 5 ай бұрын

Dealerships are still selling as much as before per the chevy dealer in town. People don’t care how much they just want that new vehicle. In leui of fixing their old one, bumping their 401k, fixing their junk house, general saving and waiting for this to pass, etc, etc.

@originalzeke5526 5 ай бұрын

He got, like, $5,300 under MSRP-that's a rare deal. I don't see the market crashing; I do see it slowing down and fewer people buying. I do marketing for Lexus, and while I may not go as far as saying it's crashing, I will say there is a high chance you will get a better deal around April and May compared to now. I am moving to Wisconsin and selling my car and going to wait for the rates or dealers to go below MSRP before buying.

@Not_A_Federal_Agent 5 ай бұрын

@@originalzeke5526dealership rat

@Jazket 5 ай бұрын

How does that invalidate what he is talking about? Bet you stopped watching the video 30 seconds in to throw in your smartass comment 🫢

@mattjingles5758 5 ай бұрын

I wonder how many times I'm gonna hear this before it actually happens.

@RevansLair 5 ай бұрын

Exactly. Same with the housing market

@dazedandconfucioused992 5 ай бұрын

@RevansLair, the housing market has already slowed for individual consumers. The problem is that Corps are still purchasing voraciously as they forecast a large influx of owners turning to renters. Many people who purchased properties at inflated prices these last few years will now feel the effects of the overall inflation triggering a mass foreclosure market (and the corps will aquire those as well). Those same people will now be forced to rent.

@3dguy839 5 ай бұрын

That depends How old are you?

@PT84 5 ай бұрын

My brother works at a large car dealership in town. The last two months were the 1st time they didn’t meet their monthly sales of new vehicles in 5 years.

@bebeautiful6613 5 ай бұрын

Absolutely correct!!! I will add that it isn’t just corporations buying them up. In my area, many small time,people are buying, renovating and renting out for income. My beautician told me she was going buy the house beside her to control her neighborhood. I gave her a scolding, explaining how she was taking the joy of ownership away from another person. Also ownership makes a better neighborhood because people are invested and want to keep things in good condition. They care more about their neighborhood. She said “wow I never thought about it that way”. My son wants to buy a little home but can’t get one in his price range because of all the investors buying them up. One investor told him, if you find a house let me know, I will buy it renovation it and “let” you rent it from me 😳😳😳😳 she acted like she was doing him a favor! Sorry this got long… but it is a topic that makes my blood 🩸 boil 😡

@davidray8763 5 ай бұрын

I have been hearing this for 2 years and it never crashes.

@boog91174 5 ай бұрын

Just like the real estate market.

@NotSoSimple741 5 ай бұрын

That's cause they keep kicking the can down the road. The banks have all this fake money lining their balance sheets. Just wait, when the markets crash they're gonna crash harder than ever before.

@larrytanner6200 5 ай бұрын

Cuz Izzy's money printing machine go "brrrrrrrrrrrrrrrrrrrrr". Eventually, you get a big crash cuz Izzy's printer go "clunk".

@larrytanner6200 5 ай бұрын

@@boog91174 you act as if real estate market never crashed before. Just because the projections have been wrong, does not mean it will not happen. It's inevitable, as history has shown us. History is your friend.

@frank1908 5 ай бұрын

Exactly. Yawn...yes eventually it will crash like all markets, but every single year it's THE CAR MARKET IS CRASHING! THE REAL ESTATE MARKET IS CRASHING! WE"RE HEADING FOR A RECESSION! And 99/100 times all the so called "experts" are wrong. And then funnily enough the one major crash in 08 none of the so called "experts" were even remotely close to calling it and all the ones that actually tried to warn everyone were silenced and blown off. Also, even if we are heading for a crash no matter the market; if you get fucked it is on you. Make good decisions. Don't buy shit you can't afford. Save up for big purchases so you aren't upside down. And above all else save your damn money so you have an emergency fund. You know, be a responsible adult so you don't have to worry about this shit. If you have a $1,000 car payment you are fucking moron and deserve everything to come. I mean my god. Put a down payment up and/or don't buy a vehicle that you can't afford!

@gordie4059 5 ай бұрын

Don’t forget quality control during Covid. It went right out the window. Factory shutdowns, part shortages etc. They slapped these vehicles together with whatever they had on hand and not necessarily what the VIN designates. It’s turned into a nightmare for the auto industry! I’’m a mechanic and we’re starting to see the effects now!

@chocolategravyandbiscuits8418 5 ай бұрын

We had a 2020 Tahoe and it was a disaster. Constantly broken down. Brand new. Shut down in the middle of the road one day. You can basically get a Benz for the price of the Tahoe (we ended up doing that) and they are so much better vehicles. I’ve owned multiple new Chevy/gmcs and lower class Benz’s and they are so much reliable and without a recall every 2 weeks.

@gordie4059 5 ай бұрын

Benz are expensive to fix when they break and hard to work on, but yeah, domestics are brutal in comparison. Toyota’s are the best in my experience. They also have one of the highest resale values too

@brunodobia9223 5 ай бұрын

GMC the best

@dougdavis7079 5 ай бұрын

Last year Ford set a new record for recalls averaging over one recall per week. With the chip shortage, they added every option they could on what cars they could build.

@HangryD4D 5 ай бұрын

Why the hell are you guys buying American made cars? Get a damn a damn Toyota, Asian cars are where it's at.

@AdminLogistics. 6 ай бұрын

You may never get the invite you’re looking for to these “press” events. But, your honesty in critiques will end up being much more powerful. Thank you for that.

@UntamedMotors 6 ай бұрын

I really appreciate that man, thank you. To be honest, I haven’t actively tried to get any other invites tbh. Was just shocked I didn’t get the nudge on the Land Cruiser unveiling since a ton of my content has been LC focused over the years. All good! =]

@DavidCharles-wi4qr 5 ай бұрын

Bough new in 1986 Toyots 2WD truck. My only daily driver for 38 years and 485,000 miles. Still going strong, starts 1st crank within seconds, and at 65 mph it get 32 mpg. It's a mini-truck.

@theOG_OREUS 5 ай бұрын

This is the way. Maintaining your vehicle is much cheaper in the long run. My newest vehicle is 19 years old and I bought it in 2008. I get that some people need newer vehicles for work and whatnot, but most people don't need to upgrade their vehicle so often.

@tubeyou2184 5 ай бұрын

Agreed. I have a 2010 Kia Forte Koup. 207k miles on it. Starting to have computer issues but the engine is strong and I keep paying for repairs bc its wayyyy cheaper than a car payment. I'm hoping to get 300k 🎉

@Starrla1979 5 ай бұрын

Is that the original motor?? That's awesome that it's still running today!

@lilredheadmlh 5 ай бұрын

I love it! I'm hoping to do the same! I have a '09 4WD Tacoma with 220k miles. I retired it to my play truck and upgraded suspension, tires, etc. I may just have it for the rest of my life. I recently picked up a 2005 Corolla with 180k miles as my daily driver. I take good care of my vehicles and expect these to last me a very long time!

@junglemastah 5 ай бұрын

I'll pay over asking for that lol

@pingman2 5 ай бұрын

I have never owned a brand new car or truck, I have now built up my credit to a very high standard but, I can't make myself pay these unbelievably high prices. I guess I will only dream of owning a new truck. These dealerships are as crooked as any crook on the street. Great video, I learned a lot from your information.

@VictorMartinez-dv9cf 5 ай бұрын

I got a 21 silverado 15 Lt for 44. Glad I got it soon, theyre around 50k now

@Chief_5 6 ай бұрын

The greed of the entire automobile industry during the past 3 years caused this market. Charging outrageous prices over MSRP for new cars couldn’t last forever, and flipping new car for more than you paid for them, and getting more money then your old car was worth wasn’t sustainable. 🤔 the bankers too. Nobody is really forcing EV, some people just like them, but the tax breaks are too hard to pass up. Sometimes gas stations raise prices because they can.

@jctai100 6 ай бұрын

Takes 2 to tango. People paying these insane prices.

@bhoosted760 6 ай бұрын

Corp greed is always the problem.

@iVitaliy1 6 ай бұрын

It’s not greed if there was tons of money in the system and people were willing to pay anything. It’s called supply and demand

@gabekekis7032 6 ай бұрын

The car manufacturers are the root of the problem for high prices, then dealerships follow by their markups to make somewhat of a profit. It’s just a tricky market overall.

@jwill540 6 ай бұрын

The greed of Americans hence why the term "consumer" has come into parlance. The people paying these prices get zero sympathy from me because they drove them up.

@larrys9879 6 ай бұрын

Add mortgage or rent cost to car payments and many people have virtually nothing left. An even bigger problem is that people willingly got themselves into that mess. Unfortunately, too many people allow their ego and “wants” to overcome their “needs” and common sense. Life’s lessons are often hard and can wreck people’s lives.

@Hiram33 5 ай бұрын

You only live once. Enjoy it

@KryssN1 5 ай бұрын

The way you should buy a car is actually save for a house/morgage. Increase the morgage when automobile maket crash and pay for car in cash. I buy my cars used 3-4 years old or 7 years old (after 200000km when they break and people fix them).The best prices

@guyindecatur 5 ай бұрын

Housing shortage? Obiden released 371,000 illegals into the US in just last December. Everyone one of these illegals gets a debit with a $2,000.00 per month stipend. You better get a gun. Someone's building an army.

@Veegirl514 5 ай бұрын

Don't forget the grocery prices...hundreds of dollars pet week...it's a 1,000 dollars for my family of four

@diversedad7954 5 ай бұрын

@@Hiram33 it’s that adolescent attitude that gets people into a financial mess that they can’t get out of and life becomes more stressful than they can handle. Does that sound like enjoying life? How about live life? Well within your means and be completely stress-free and have extra money in your pocket when things are going well to do other things you want to do instead of spending huge ridiculous amounts of money on things you don’t need. With your way of thinking, you probably won’t accomplish much in life. with your immaturity, you have failed to learn what I teach my children every day. Nothing in life worth having comes easy and anything in life that comes easy isn’t worth having. Having actual happiness and financial freedom comes from making hard decisions and being financially responsible early on. Good luck with your plan but I am 39 years old, own a house that I only owe a third of what it’s worth I own property and just built a brand new 40 x 50 shop and paid it off in one year. I also own five vehicles currently that are all paid for in my name. Yes, they are used vehicles and a little older, but mechanically sound and best of all a couple of my vehicles are classics and are actually gaining value instead of depreciating.

@sgreene2036 5 ай бұрын

Not only do trucks cost 80 plus these days. Guys like myself that have ALWAYS fixed our own vehicles simply can’t work on these trucks without high tech tools and knowledge. It’s ridiculous.

@HHI455 5 ай бұрын

Just wait until they go electric. The will cost twice as much and no one will work on them they will end up in a heap after 15 years.

@W0RLDSSMALLESTVI0LIN 2 ай бұрын

@@HHI45515 years? That's pretty generous. I don't think they are gonna last even that long. I'm pretty sure those batteries are rated for 8 to 10 years.

@CircleCity61 5 ай бұрын

Great Video and very informative to the general public. I’ve been providing for my family full-time in the car business for more than a decade now. And I am always trying to provide value to my customers. You have done a great job with this video and providing lots of value. Keep up the good work.

@jeffpacetti5800 5 ай бұрын

We’ve been talking about this for a year now, and I still haven’t really seen prices for the consumer drop. Surprising, giving all the other indices.

@trimmr 5 ай бұрын

Prices are dropping like crazy around here. I own a business and have been shopping work vans. Van's that were $45k last year, are now between $25-30k.

@mathewrose2951 5 ай бұрын

We're in the group of people who paid cash for our last three vehicles and we'll be watching closely for deals to swap out our older minivan for a newer model. For the past few years, though, the inflated market has just kept us driving what's in the driveway and already paid for.

@HHI455 5 ай бұрын

Very true but there is no way I will shell out the cash they want for new! I will buy one used from either the guy who can't afford it or the guy who needs new all the time.

@foesfly3047 5 ай бұрын

This is my first time watching your channel. It was a comprehensive and very well developed discussion.

@MerchantOD 5 ай бұрын

Love to hear it. It’s been a long time coming for the ramifications of greed on dealerships and salesman alike.

@toddhatten354 5 ай бұрын

I work for a company that has a fleet of F 150 trucks. They use to swap them out at 100,000 miles. This past year they told us we would drive them 150,000. Then they said no new trucks this year no mattet how many miles. I was glad to hear it.

@dougdavis7079 5 ай бұрын

Most new car sales over the past two months were to fleets. People are not willing to pay the high prices and interest rates.

@remyllebeau77 5 ай бұрын

They could probably pay for parts and hire a handful of mechanics for cheaper than the cost of swapping them out every year.

@kenna.9368 5 ай бұрын

As long as people keep buying trucks at 75/80/85k they’ll keep rising. The people have the power, when they stand up and boycott it will demand change.

@kenreardon4094 5 ай бұрын

you fail to understand the cost of materials has spiraled upward, the cost of electricity has spiraled upward, labor costs have spiraled upward, technology and safety features have spiraled up.. you think it costs the same to build a truck today as it did 20 years ago?

@partyguarder 5 ай бұрын

I've been saying this for years. Some people just don't get it. If they simply stopped overpaying for vehicles, the car companies would have no choice but to lower their prices if they want to stay alive. They might actually have to produce vehicles more cheaply without all those expensive techoweenie gadgets they are currently full of. Yes, the consumer drives the market. They need to start thinking - as hard as that may be for some.

@echt114 5 ай бұрын

@@partyguarder People are stupid and can be convinced to buy anything based on fashion, desirability, coolness factor, etc. They can easily be convinced to act against their own interests.

@williamhammock4821 3 ай бұрын

@@kenreardon4094 - The video talked about all the continued automation and cheaper labor in Mexico. If they did not build vehicles with 100s of microchips they can be way cheaper. To my point I believe Toyota is putting out a no frill truck for like under 20K next year, I think ford is trying to make the maverick also their 25K offering. Which to your point is in line with supply cost etc. compared to 18K in 2003 ... but yeah 100K for a vehicle can go F itself.

@kenreardon4094 3 ай бұрын

@@williamhammock4821 I can appreciate that, but different strokes for different folks. I personally have no problem paying more for a vehicle with more features. Many of the expensive features are safety features, like pre-collision systems and adaptive cruise control, etc.

@johnbuckaru 5 ай бұрын

I think your intuition about timing the price drop in the auto market is 100% accurate. Good job!

@agawamguy 5 ай бұрын

A lot of good incites here. Thanks for taking the time to put all of this together.

@shaggybx 6 ай бұрын

Close the garage the heat costs an arm and a leg these days 😊 Thanks for the video 👍

@shanewhittemore 6 ай бұрын

You have hit a nerve with me on Market price adjustments. The greedy dealerships that did this despicable deed wants us to forget about their greed like nothing ever happened. They made record profits during a time when this country was hurting. My hat goes off to the dealerships that held at MSRP. There needs to be a vehicle consumer advocate group that list these nasty, greedy, no-good Pirates. They also need to apologize to their poor employees that they required to screw the public on a daily basis.

@CarnutMM 6 ай бұрын

Agreed. We need a list of dealers that sold at MSRP.

@CLancaster15 6 ай бұрын

yep. they burred folks 10+ grand further in the whole, not realizing that now folks will not be able to trade out of that vehicle as soon. So in turn it hurts the manufacturers on new sales and the dealership from selling inventory. Congrats crooks. I dont feel the slightest bit sorry for any of them that fold or go through a rough time for what they did and are doing to people.

@shanewhittemore 6 ай бұрын

Good analysis.@@CLancaster15

@Adam-hq7ob 6 ай бұрын

Greed is the problem. But the people buying and flipping trx raptors, etc for a profit helped open this can of worms. Dealers saw people making 5-10k on vehicles they sold for msrp. Dealers took it a step further and added adm on everything. Now Toyota ford etc are limiting the amount of vehicles to try and make more money per vehicle than just making and selling more for msrp.

@Spaethon 6 ай бұрын

People got covid checks and became insanely stupid overnight.

@Buckeyes-sn4wv 5 ай бұрын

Back in 2022 we were in the market to replace our 2013 Explorer with 225,000 miles. We absolutely fell in love with the Telluride. We found one in Conway, a white, SX with an MSRP of $45,000 + a market adjustment of $12,000! I refused to buy and started researching my options with other dealers in Arkansas. Found a dealer Jonesboro that offered MSRP + $1950. We were able to order one and within 5 months we had our new Telluride. Out the door price $49,900. This was with every extended warranty that was available.

@alabaster4263 5 ай бұрын

You will definitely need that extended warranty

@FreeItM86 5 ай бұрын

Great info. Crazy to hear there are also MSRP hikes as high as 30%. I already feel old saying, "I remember back in my day, prices were half of what they are now." But then I realize that for a lot of things, that price increase only happened in the last few years, not decades...

@jason158x 5 ай бұрын

Is it great info? Where is it all coming from?

@dampergoldenrod4156 5 ай бұрын

@@jason158x global wars are ruining all economies.

@mikeyID 6 ай бұрын

Another great video Untamed. Keeping us up to date 👍🏼

@rns2222 6 ай бұрын

Great work UM. Really enjoy and look forward to your thoughts. It is nice having so many forward-looking perspectives in a single post. Thank you.

@UntamedMotors 6 ай бұрын

Thank you for that kind feedback, appreciate it!

@sheatim13 4 ай бұрын

Spot on about so many things effecting prices, not just with cars, but everything being sold. The results on the household debt and the economy from rising interest rates, repos and forclosures, slowing down of manufacturing, increases in layoffs, it's all there. Very well done, haven't seen it laid out better by anyone.

@bartdalton875 5 ай бұрын

I spent 30 years selling new vehicles and want to say, your advice and points of view are spot on! Note this , the factory will not reduce prices. They will ultimately answer the need to sell with rebates or low interest offers. Sadly, the high retail prices have been set...

@gigima3438 5 ай бұрын

Thank you! I needed this. Ive been shopping but not feeling good about these prices.

@williamhammock4821 3 ай бұрын

Resist, wait it out if possible. Or buy a restored salvage vehicle from a reputable shop with 50K miles on it for like 8K, save a 2K buffer for repairs. A 20K after all the dealer mark ups and then financing is like 35K when all is said and done. Please stop participating in the madness because also it makes car insurance so crazy high too.

@Uno91180 6 ай бұрын

Great video, very helpful. Please keep us updated on the market and do more videos like these!

@UntamedMotors 6 ай бұрын

Thank you for that feedback! I really appreciate it. I’ll continue to keep everyone updated. =]

@jamesbispo391 5 ай бұрын

Great video .. one reason I bought the last of 5th gen 4Runners and waited patiently until the BS markups came off .

@MrFierodan 5 ай бұрын

spot on, I feel the auto market is in big trouble.I agree with you 100%.

@oscarhernandez-mejia3995 6 ай бұрын

Your video is uber informative and you spoke very clear. Subscribed. 👍

@sbalak 6 ай бұрын

The problem lies with infantile buying patterns and habits by immature customers who want it and want it now. They are not content living within their means .

@marcpikas2859 6 ай бұрын

Or being manipulated by ads that convince unaware minds. Illusions sell big time to fill the void that people can’t bear.

@calvinreichelderfer4922 6 ай бұрын

You’re correct. So many people spend every penny they earn and then a lot more. Calling dealerships greedy is pathetic. People need to learn to live on way less then they make

@leoasthon9776 5 ай бұрын

Exactly, and car companies know this so they'll keep doing what they are doing.

@lukerowe6269 5 ай бұрын

@@calvinreichelderfer4922It is the hardest it has ever been to be young and working full time in this country than ever before

@DanDan-tt6gv 5 ай бұрын

I remember there was a “chip shortage,” and “low in/out of stock,” well, I still remember there was no toilet paper at one point. Fear mongering seems to be good marketing.

@CruisinMiles 5 ай бұрын

You hit the nail on the head. Gonna be a good chance for a lot of people wanting to get into the off-road market to find great deals on used TRD pro 4Runners that have never seen dirt

@gb4life626 5 ай бұрын

So I have actually been going back and forth between purchasing, keeping in mind I’m not in a position of desperation so I have much more flexibility. Watching your video makes perfect sense and gives me even more confidence that I can wait.👍

@rudyb2755 6 ай бұрын

You forgot to mention the cost of insurance as well 😅 I'll just keep my 10 year old car 😊

@UntamedMotors 6 ай бұрын

That’s a great point. It was actually in my notes if you can believe that haha… just skipped it by accident. I meant to include: Auto insurance rates are out of control… (average annual cost was $850 in 2007… ($60 month)… now $2550 per year ($210 month)… wild.

@rockyduck5716 6 ай бұрын

Facts

@MeJonTheDon 6 ай бұрын

@@UntamedMotors my 4runner rate has basically been stagnant around 220-240 over last 6 years I've owned it. Now it's 10 years old and not getting any cheaper, but at least I'm not getting screwed by paying more for payments and insurance on a new car

@TheJonahlin 5 ай бұрын

I just keep my 2004 VW, my insurance still raises

@HHI455 5 ай бұрын

My older vehicles with just liability have risen 25 percent in one year with absolutely NO claims for YEARS.@@TheJonahlin

@ariesnc6320 6 ай бұрын

I work remote so my vehicle doesn’t get driven everyday. I’m so glad because I haven’t had a truck note since 2011 . I have a 2010 and will continue to drive it till the market change !

@jmontx5893 5 ай бұрын

There's another dynamic that's not being realized. Dealers were not getting new vehicles in. A lot of them were selling out and had no new car stock and very little used cars. There are people that work for dealerships that were struggling as well because they had no inventory to sell. So to counter that dealers were forced to make what they could on units they had in stock. We are quick to go after the dealer but the manufacturers were not giving dealers the inventory they needed to charge less. Also, customers trade-ins were worth wayyyy more as well during this time.

@robstrck8 5 ай бұрын

You just randomly popped up in my KZfaq algorithm. I’m glad you did. My husband and I are looking to purchase a vehicle. This video has helped a lot. Going to share this with my husband. Thanks 😊

@UntamedMotors 5 ай бұрын

Thank you for that kind feedback, really appreciate it! =] Happy to have helped!

@robstrck8 5 ай бұрын

@@UntamedMotors thank you ☺️

@williamhammock4821 3 ай бұрын

@misterdarkcloud2384 6 ай бұрын

they need to bring back reasonably priced new cars. when i graduated high school you could buy a brand new kia for around 6 grand. Ok it was bare bones wind up windows. i think the good thing about it was mpg's and the air conditioner but not everyone needs 50k worth of options on their car to drive 10 miles to work every day. bring back the cars we can afford.

@ronhoover5516 5 ай бұрын

I hear what you are saying. The problem with consumers saying "they should make stripped-down versions of cars to make them more affordable" is nobody actually buys them in practice and dealers have to sell at a lower margin to move the stripped out models. Options sell, and mfrs and dealers make a lot of money on added options so that's what the consumer is going to get.

@JL-ey3gb 5 ай бұрын

None of that extra shit is worth 50k, people pay it so why not keep charging

@BrewsAndBraaps 5 ай бұрын

Everyone wants all the new and latest tech but wants 1990s car prices. Come on….

@senseiii3986 5 ай бұрын

Even a Mitsubishi mirage or Yaris cost ike $10k now

@senseiii3986 5 ай бұрын

@@BrewsAndBraapsbut they don't make new cars without all these unnecessary options

@CoolDaysEnd 6 ай бұрын

Great information and accurate video, thanks! A Dodge Durango GT Plus MSRP in 2021 was $46,000. Currently, the same model in 2024 (if your can find one; dealers have zero inventory), the MSRP is $58,000! The cost per month on that same vehicle is at least $200-$300 more than it was only 3 years ago. To have a lease payment of $600-$750 is crazy. To have a lease payment of over $1,000 per month is insanity. If you need transportation, buy yourself a Hooptie and wait until this vehicle market corrects itself. IMHO, it will not be April of 2024. Don't get yourself in debt with high-risk depreciation. Be financially smart. Don't put unnecessary pressure on your monthly income vs. spending.

@williamhammock4821 3 ай бұрын

You are smart !!

@GeezerDust 5 ай бұрын

From what I'm seeing, the situation is going to get worse, before it gets ... worser. Thanks for your comprehensive report.

@herbflores9561 5 ай бұрын

Thank you for your research I’m subscribing!

@rocketdronemedia 6 ай бұрын

Been watching and waiting for price drops for months now. Videos like this give me hope to hold out longer for better pricing as I don't absolutely need a new vehicle yet. In my opinion, prices are absolutely insane and I have a very hard time trying to justify $60k as a starting point for a truck with the options I would like. How many of you agree?

@jeebusk 5 ай бұрын

Can't always get what you want, but if you try sometimes...

@ridgerunnersp 5 ай бұрын

Been waiting for years to get a new car because I've been specifically waiting for the hybrid tacoma. Well, they didn't really improve mpg at all and I'm sure as shit not paying 60k for a mid size truck

@edwardmalyakin9576 5 ай бұрын

Just make more money if you work and don’t need a truck don’t get it, but if it’s a buisness necessity then get it.

@jessiesineath7702 5 ай бұрын

the trucking industry gas gotten stupid. average full size pickup price has doubled in the past 10 years. I hear stuff like, well its because of all the tech and features. Well the average truck consumer didnt ask for all the crazy tech and features lol. Make an affordable full size pick up that the average person would want to buy and you will win big time.

@detroitblack258 5 ай бұрын

Good

@dialupdavid 6 ай бұрын

Loving this style of content and topics, keep up the good work my man! I've seen $6,500 off MSRP on GX460's at my local dealer and $10K off sticker on a RC-F. The desperation is palpable!

@tom11zz884 6 ай бұрын

Still not low enough

@whoawoahh 6 ай бұрын

10k off that RCF and it’s still way overpriced and outdated

@no_information_available 5 ай бұрын

Holding out for the IS500

@infamousk20 5 ай бұрын

Ahhh… the monthly “CAR MARKET IS CRASHING VIDEO”… love it, been watching these for years

@RockyTopYoullAlwaysBe 5 ай бұрын

Have been shopping for a tahoe for a while and the used 2021+ Tahoes are sitting for 3-4 months and dropping by $10k+ before selling. Love to see everything come back to reality.

@dees2kids981 6 ай бұрын

Dealers in Delaware are still holding tight to MSRP+.. been shopping for a while and dealers have specifically told me that they will wait it out & not willing to budge. Excellent credit 800+ and $30k+ in equity.. I’ll wait it out!

@lookinforwater4344 6 ай бұрын

Keep holding back, it’s the only way things will change!

@Spaethon 6 ай бұрын

So funny how people are looking at the market and still plan to buy new someday. Whew, save your money folks. Buy a $5k car and drive it for 15 years. Maintain it EXACTLY as specified in the owners manual. It'll last a very long time.

@MeJonTheDon 6 ай бұрын

Lol I wonder what they think they'll wait out. Do they plan on keeping a lot full of cars for the next 5-10 years hoping for a full rebound to insanity while the car rots on the lot? Good luck to them

@geneheck 6 ай бұрын

I'm close to you in SE Pa. I get what you are saying. I don't have any issue turning my back and walking out the door. I've always been that way. I don't care if some slimy salesman feeds his family or not. If you drop that on them a lot of times you will see their attitude change real fast. The first time they drop that "let me go talk to my manager" tell them to send the manager and you will deal direct with him. They depend on some starry eyed "got to have it" idiot to pull that crap on when they can.

@robertg4905 6 ай бұрын

F@&j the whole industry. Worthless

@gregoryarroyo471 5 ай бұрын

Great intel. After 20+ years in the automotive industry, I’d recommend holding out until the 3rd or 4th quarter of this year. Even though prices are coming down, historically the spring market is the busiest time for dealers, so they’re about to see an uptick in foot traffic. Once that demand levels off and ultimately decreases, as long as the supply is still high, prices will decrease even further. Combined that with 2-3 Fed funds rate cuts and all of sudden we’re back to relative normalcy. I’ll be looking in the fall

@jaysteranka3904 5 ай бұрын

That's my plan exactly!

@someguy7805 5 ай бұрын

I plan on having a new car custom ordered from the factory. Doesn't that eliminate any dealer extra markup?

@daniellastiwka6787 5 ай бұрын

I agree and would like to add this note: Dealers in late third quarter or early forth quarter will dump vehicles as new model year comes out. The only thing that is still in short supply is heavy duty pickups with diesels. Great comments by everyone

@Phartmonster1 5 ай бұрын

You're right, I hate seeing emails telling how much I still owe on my car and then them saying my car vaule . So you're reminding me that I'm being ripped off.

@DrStevenHorwitz 5 ай бұрын

Thank you. Great information!

@TCinSoCal 6 ай бұрын

Won’t be popular comment but .. No one makes anyone buy a car. If I can’t afford $70K then I find something cheaper… but we know that’s not what MANY do. People are notorious for spending more than they can afford on vehicles.. even before markups.

@UntamedMotors 6 ай бұрын

You’re absolutely right. It all boils down to personal decision and overindulgence. Same goes for student loans. Nobody forced anyone to take out $80-100K in student loans… why should anyone other than that person repay it?

@TCinSoCal 6 ай бұрын

@@UntamedMotorsagree.

@ritualghost 5 ай бұрын

But in the same breath you got tacomas and 4 runners that are literally the exact same vehicle going up 20-30k in a 2 year period. That's not normal bro.

@bloodyxlocust 5 ай бұрын

If someone’s paying tens of thousands of dollars for an item they should at least get a damn choice of what they’re gonna buy. It’s literally their money. Even as low as 15-20k which is impossible now since less than 10% of vehicles are below 30k in these times. They’re just taking advantage of everyone and the market. Good luck looking for the a vehicle in that 10% which I’m sure 60-70% of America is looking for due to average salary being 50k.

@BillWestHobby 5 ай бұрын

Great comments, well thought out and supported by recent evidence. we bought a 2024 Honda Pilot, the dealer quickly came off MSRP by $1600 and then added an additional $3500 to the trade allowance. ( over my expected number). they are dealing!

@UntamedMotors 5 ай бұрын

Really appreciate it man, thank you!

@70newlife 4 ай бұрын

How much did it cost you in total without the trade in?

@DG-ej5nz 5 ай бұрын

Good vid, makes sense. Do you have sources for your information? Genuinely curious. Thanks!

@milspecrider 6 ай бұрын

I just had my f150 repo’d by ford, so now there’s no way for me to buy one for work when I finally get a job. I’m incredibly under qualified for most jobs even after 11 years USAF. We are in a weird place right now

@mikeyID 6 ай бұрын

Sorry to hear that brother. I hope things get better for you

@flyingspirit3549 6 ай бұрын

@@mikeyID Been there, done that. I know what it feels like; here's hoping there are better days ahead, @milspecrider. Very best wishes.

@richardsanchez9657 6 ай бұрын

Bidenomics!!

@milspecrider 6 ай бұрын

@@richardsanchez9657 Biden told Ford to repossess my vehicle? Biden forced the hand? How?

@flyingspirit3549 6 ай бұрын

@anotheruser5654 Sadly, you may well be correct! Good advice. Prepare for the worst, hope for the best, get something in between.

@sp1cyketchup975 6 ай бұрын

Would it be possible for you to do more videos similar to this but at the dealerships showing their price drops? Will be in the market for a vehicle during the third quarter and these vids are extremely beneficial

@Lake_Lover 5 ай бұрын

I live in the midwest (Illinois) and have been researching new trucks everyday for several weeks now after the holidays. Have printed off several windows stickers for both Ford and Chevy trucks and "matched" them up according to trim level and options. While the options may not be exactly the same the MSRP (windows sticker) are all with in $200 - $500 dollars of one in other. Looking at all Ford and Chevy dealerships across the state it amazes me how much different the discounts are when obtaining an OTD price. My local Ford dealership has an XLT crewcab that is literally the same truck, color, motor etc that a dealership 90 miles away has. The local dealership = $2500 mark down. Dealership 90 miles away = $10K mark down. EXACT same truck. I know ford does some weird things with regional discounts and what you qualify for, but that's quiet the difference on discounts. I haven't even begun to negotiate yet. And no the heavily discounted truck is not a loaner/demo truck. Brand new with 5 miles on it. The Chevy dealership is whole different story. They dont want to come down at all. Ford lots have lots of trucks to look at, Chevy dealerships are bare.

@chonkyb3134 5 ай бұрын

Thanks for the info

@Jojo-ni2cg 6 ай бұрын

Great video untamed-Thanks

@CouldNotThinkOfAny04 6 ай бұрын

My wife was in an accident a few years ago, totaled out her vehicle, thankfully, she was OK. I remember going to see a family friend at a dealership to test drive a vehicle, he tells me, I’m going to make you a real good deal, we’re only up-charging our vehicles $3500. At that point, I was super confused, I told him, I’d be in touch, and started doing my research. I’ve never in my life paid anything close to MSRP on a vehicle. Absolutely crazy times we are living in. We finally settled on a Toyota, but we had to deal with a dealership out of state. Given that she had no vehicle, we finally got an out the door price at MSRP. Glad we’re finally starting to see a change.

@UntamedMotors 6 ай бұрын

Haha when $3500 over sticker is considered a family/friend hookup… that’s a problem lol

@Mityob67 5 ай бұрын

@@UntamedMotors...as if they were doing him a favor🤢 Great vid man. Thanks for sharing and educating the people.

@othoia1234 5 ай бұрын

Been there - in late 2022 both of our vehicles had catastrophic break downs, and we purchased newer used vehicles & are now upside down. I call them car stealer-ships for a reason!

@RosannaMcKinley 5 ай бұрын

Thank's Very Informative for My Son in College.🚗

@ian0841 6 ай бұрын

Keep up the good work Untamed, your channel is on a roll lately!

@awesomeerr8765 6 ай бұрын

All valid points. But people have been saying "this year it will crash" for over a decade and it hasnt. Theres no going back to prices 10 years ago. Best we can hope for is pre pandemic prices.

@upshifter5316 6 ай бұрын

Amen. There’s a lot of denial going on here.

@awesomeerr8765 6 ай бұрын

@@upshifter5316 I don't even think we can go pre pandemic at all. And vehicles have so much more technology now it makes sense why there's price increases.

@jroda8015 5 ай бұрын

@@awesomeerr8765 just more govt mandated junk that fail to provide any actual value or safety

@boldcitycc 5 ай бұрын

The world we are in is not sustainable . It will indeed crash. Not just cars… All of it

@mike63988 5 ай бұрын

Excellent video. Thank you

@chadsamuelson498 5 ай бұрын

Solid video and recap. Subscribed and 👍🏼

@Kaiu 6 ай бұрын

2024 is going to be quite interesting. I bought a ‘22 TRD OR premium in Jan. ‘22. Bought on intention to keep for awhile, but I do want a ‘24 Tundra… but not with 8-10% APR. My Taco only costs me 2.99%. But I’m extremely satisfied with my Tacoma, 2 years and 77,000 miles, yes 77K lol, I drive a lot and it’s the most reliable vehicle I’ve owned in the last 15 years. Probably should wait to get a tundra for a few more years

@cathlive267 6 ай бұрын

Toyota has been advertising tundras and tacomas for 4.99 and 3.99% for a month now

@J.Young808 6 ай бұрын

I am picking up a 2023 Tacoma TRD OR Access Cab next Saturday 27Jan2024 in order to get the V6 and access doors since the ‘24 is going back to Xtra Cab. I am hoping to be treated as well as my dad has with his 2017 Tacoma SR L4 4x2 DoubleCab Short Bed

@bradedwards7890 6 ай бұрын

February, April is tax time. Dealers know this and usually keep prices high during this time. I would wait til late Spring.

@donaldbiden9492 6 ай бұрын

Yeup, these guys say the same things year after year in the Winter. Sixty days from now this guy will be putting out videos saying to wait to buy another 60-90 because of tax season price increases.

@fashnvain3194 5 ай бұрын

We haven’t been able to even consider buying a used vehicle because of the gouging. I’m glad things are changing.

@BigJhits 5 ай бұрын

Wild! Got my truck at 3.25% apr 2 years ago.

@mr_zeus6148 6 ай бұрын

Untamed I haven't seen any downside. All prices are still the same. Was gonna wait but how long till it will go down

@Lyso1 6 ай бұрын

Great video my opinion though would be that the price drops won’t be as notable as people think. I think certain brands will have larger than other but Toyota for example has said they are just slowing production and keeping prices inflated to solve the issue.

@UntamedMotors 6 ай бұрын

Thanks man 🙏🏼 Yeah I agree we’ll see less drops from manufacturers like Toyota… but the used market will take a clear hit across the board imo.

@BigPapi1965 5 ай бұрын

I believe we as consumers if we banded together and not purchase any new vehicles, we would force the auto companies to drastically drop their prices. Excellent video.

@aptn22 5 ай бұрын

We are for sure living in an auto bubble. I think you’re spot on.

@ezrhino100 6 ай бұрын

The market was red hot for two years. I am getting so many calls and emails from dealerships selling good cars. That's a good sign for buyers. These car dealerships are going to feel the pain.

@UntamedMotors 6 ай бұрын

Same here. It’s a great time to buy (mainly if you’re able to pay cash to avoid the awful interest rates)… 👌

@brandonb390 6 ай бұрын

@@UntamedMotorswhen is a good time to buy with cash? Hopefully soon?

@UntamedMotors 6 ай бұрын

@@brandonb390 absolutely, with interest rates as high as they are… if you have the means to pay cash, you will score. 👌 Start looking in April and I bet you’ll land a killer deal.

@brandonb390 6 ай бұрын

@@UntamedMotors awesome thank you sir. I will definitely keep watching around that time!

@clareankerstein9519 6 ай бұрын

I know you were saying you thought you got a good deal because of paying $5300 under MSRP however, the MRSP has gone up as you later said 36% so that doesn’t make a good deal.We are going to see tremendous lows and I don’t feel a bit sorry for the dealers and manufactures because they tried to screw us badly and now they’re gonna pay hopefully many of them will go out of business because I don’t think the taxpayer should bail them out.

@ronhoover5516 5 ай бұрын

When many of the the dealers go out of business where will you buy your next car? Answer: To another dealer, probably a lot farther away, where there's now 10X the demand because everyone has to go to that dealer now. And you'll pay an even higher price. It's called competition, and when it goes away is when the real "fun" starts. I don't want dealers to go out. I'm all in favor of a reasonable profit - key word reasonable. And forget about the car mfrs selling direct- it's not going to happen anytime soon, if ever. "Wait out the dealers and let em starve" is a nice sound bite but it's not feasible, and we don't want it to happen as consumers. And no, I don't work for a dealer or the car industry.

@stuartd9741 5 ай бұрын

@@ronhoover5516 If there's a crash not every dealership will suffer poor sales just some, may even close. .. I disagree with you about direct sales from manufacturer. Straight to customer. ... . Quite a few cost savings there for both manufacturers and customers.. Dealerships are outdated and expensive to run. .. considering people can buy cars online now....

@clareankerstein9519 5 ай бұрын

@@ronhoover5516 First of all, I’m not foolish enough to pay something that’s 50% higher than it should be in just a short three years. I generally buy used. I let others pay the high prices and believe me there will always be dealers. It will root out the bad ones. If you pay these prices, do you think it’s gonna stop. That’s like giving into a spoiled child. I’ll never stop.

@kathleenmay3530 5 ай бұрын

Great info and I love that area you live.

@deewise552 5 ай бұрын

Every time I look at the new Honda Odysseys, I’m grateful for my 2011 with 165K miles. I’m 76 and still going strong. I was hoping to have one more new vehicle, but unless something changes, this van may be it for me! What few repairs I’ve made in the past few years doesn’t even cost a car payment.

@shannontaylor5173 5 ай бұрын

The bigger issue is interest rates. Even with an 807 score, my payments were still outrageous.

@HHI455 5 ай бұрын

Thats why you need to pay cash or just drive used.

@bradwolsey360 5 ай бұрын

Great video! Thanks for the info. Would love to see a mass sum of consumers hold firm and don’t even walk into a dealership for the next 90-120 days. Force the prices down. I had two recent experiences where they scoffed at dropping the price to fit my budget. Thanks for the video. All the best.

@idaparsons4225 5 ай бұрын

Thank you so much!

@vadimyakus 5 ай бұрын

Very good video! Agreed with everything you said. Thanks

@UntamedMotors 5 ай бұрын

Thanks brother! Appreciate you watching. =]

@revnation_auto 6 ай бұрын

My brother-in law owns a repo company and he sold it because he couldn't keep up with the demand. The number of repos is staggering. Great video mate!

@UntamedMotors 6 ай бұрын

Man, that is insane...

@downtownbrown50 5 ай бұрын

@@UntamedMotorscouldn't keep up with demand? You can't be serious! Why sell it and not just increase your prices instead? Makes no sense!

@ArkansasDeerChaser 5 ай бұрын

I’m making too much money, I’m out. Gtfoh

@JohnnySurfdawg 5 ай бұрын

That’s the dumbest comment I’ve ever heard 😂

@tinetannies4637 5 ай бұрын

You're a fake wanker. "Gee I'm making too much money! I have too many clients! I'd better quit!" Yea right. If you're going to make something up, at least don't make it ridiculous.

@joepawling4735 6 ай бұрын

I keep hearing about the car market crashing. My daughter was rear-ended and the car was totaled. She wants a highlander hybrid and I can’t find one. And most dealers want additional mark up. I have a friend who would give me invoice + $1200. But he doesn’t have the vehicle. It seem the vehicles that are having problems are trucks with bad gas mileage and a huge MSRP

@UntamedMotors 6 ай бұрын

Sorry to hear about daughter, hope she was okay. Yeah you’re definitely right about it impacting the truck market most… but they’re all starting to fall quite drastically. Unless you live in CA… you’ll see some changes in the coming month or two.

@edwardballow2268 5 ай бұрын

Totally agree great info. Oh and nice Raptor.

@djjoeykmusic 5 ай бұрын

Interesting Thank you for the video

@chrismarbrey9678 6 ай бұрын

People are just fed up with these prices and markups.I purchased my truck in 2020 early on in the plandemic, and I still got 10000 below MSRP. That is a long time for me to hang on to the same truck, but my discipline of not allowing myself to pay these prices has paid off

@jamesgullo8240 5 ай бұрын

3 years is a long time with the same vehicle? Huh?

@chrismarbrey9678 5 ай бұрын

@jamesgullo8240 almost 4 now and yes for me it is.

@jamesgullo8240 5 ай бұрын

@@chrismarbrey9678 You could save a ton keeping them a few years longer. I suspect you take good care of your vehicles.

@chrismarbrey9678 5 ай бұрын

@jamesgullo8240 Yeah, for sure. I'm getting to where I just want to pay them all off and keep them for as long as they are reliable.

@chrismarbrey9678 5 ай бұрын

@worduprussia8298 Yep, like I said before, I now just want to pay everything off and keep it for as long as it's reliable

@fahler14 6 ай бұрын

It is all relative . Cars are a depreciating asset regardless . Most people that bought cars during the pandemic me included got paid for their trade. I had a 3 series that was +4k vs what I owed . So when I bought the 22 4runner for Mrsp . It was like I got 4k off . People that are -5k equity on their car will get -5k off towards their new car . Find a car you like keep it 10+ years. Otherwise Leasing makes sense(especially after crash).If you want a new car every 5 years and you can stay in miles . I don’t know why you would ever buy. I personally don’t meet the criteria lol.

@Ledhead77 5 ай бұрын

Absolutely right about the trades!

@tedshoop 5 ай бұрын

I hope you're right about the timing in April. I am one of those guys you mentioned that has been sitting on the fence for months to buy a used vehicle. For over a year now, I have been doing my research on pricing, options, condition, time on market etc. for the SUV model that I am interested in. However, I have noted price increases at most dealers rather than reductions even though we are officially into the next calendar & model year and mileage on used vehicles continues to rise. Too bad I haven't seen any motivation or excitement on the part of salesmen and sales managers on the lots to complete a sale (their mindset appears to be stuck in the COVID era). I've waited this long and can wait some more time especially since I plan to purchase my next vehicle with cash to avoid the high interest rates.

@carmyopteryx5919 5 ай бұрын

I bought a used RAV 4 in July 2020. I felt such buyers remorse because I felt like I had over paid. It's barely (maybe 1k) lost any value since I bought it despite putting 30k miles on it since then. Now I feel like I made the best decision ever buying it.

@georgeallen4495 6 ай бұрын

I haven't bought a new vehicle since 2002 when they were just starting to get overpriced. I still have that by the way. That is the last time I bought from a dealer and never will again . I have ZERO interest in new/newer way overpriced plastic vehicles full of soon to fail electronics. I also have ABSOLUTELY ZERO INTEREST IN A EV ANYTHING!! I will keep and keep up what I have.

@jackdenton4795 6 ай бұрын

Bought out my lease last year and saved 8K over what I could buy my same car for used. Have a 12year old CX-7 that runs great. We will keep driving that until the dealers and car companies wake up to our reality. I will be in the market when I know im not getting screwed.

@UntamedMotors 6 ай бұрын

Sounds like a solid move 👌 I don’t blame you one bit. Hopefully we’ll see a stark change in the coming year.

@CoolDaysEnd 6 ай бұрын

Smart move!

@micktaylorwolfcreekmechanical 5 ай бұрын

I have a 1990 Landcruiser paid 2k for it 20 years ago been offered 40k for it n said no thanks, this car will out live me and I don't want a new car my other 1990 landcruiser 80 series has been parked up for years with low kms its in mint condition 1 family owned car. I will never sell either off them but i might swap one for a 40 series

@coffeehunter8742 5 ай бұрын

Hope you have patience and a long lasting vehicle!

@mattagudo1766 5 ай бұрын

Spot on. Nice reporting. 👍

@keithkilps8250 5 ай бұрын

great info , well appreciated

@UntamedMotors 5 ай бұрын

I appreciate it man. Thanks for watching!

@Eddie-yc5yd 6 ай бұрын

You are absolutely correct. I just bought a 2023:Honda Ridgeline. 2k under invoice with 2.9 for 60 months. If the interest rate was 7 or 8% I would never of bought it.

@joepawling4735 6 ай бұрын

What state are you in?

@joepawling4735 6 ай бұрын

So Cal

@woodrmp1 6 ай бұрын

You should get a deal that car could have been built a year ago. 2024s have been out for months. Is it really “new”?

@kustomchevy27 6 ай бұрын

Under 2k that's it?? I think k there going to start doing the 0 interest rate soon

@alliroberts2610 5 ай бұрын

I know someone who bought a 2018 Subaru Outback with over 100k miles and her interest was 16% before refinancing and still 10% after.