The car market has completely been turned upside down since 2020. Here’s when we’ll likely see things start returning to normal.
#toyota #honda #nissan #lexus #acura #infiniti #mazda #subaru #newcars
00:00 – When will the Car buyer have more choice?
09:23 – Toyota’s Satellites
10:42 – Last qualifying EVs for Tax Credit
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It is deff not a dirty practice for 3k to 5k over because it is market driven. Can't sell a New Car for less than a used one. Otherwise, people will just buy and flip and flood the used market even more. Is it a dirty practice to pay more for an egg sandwich or milk or eggs? Or clothing or the dollar store going up .50 on everything. The answer is no it not. It is market driven. 5k over is still a deal because that same used car 1 year only with 15,000 miles on it is the same price or more.
The supply chain issues aren’t over.
I work as a product advisor for a Canada Toyota dealership. I got way more information out of this YouTube video than I ever did out of my new car manager and dealership management.
I think dealerships know they are about to be obsolete
I know It I needed a car I bought one and I way over paid by $7000 and it’s not even that great of a car 😕
I want to buy a new suv this fall 🥲
Great video but with the cart before the horse! What will the new "normal" really be? Maybe the lower 80% of Americans won't be worried about buying a new car because they can't pay their rent. Maybe gas won't just be expensive but also hard to get. Maybe more 30 and ups will live with their parents not to take care of them but because the dollar has been destroyed. Maybe commercial jet travel will be only for the rich once again. Maybe we'll be rationing fuel and electricity the way those once first world western European nations are now. I'm just hoping my grocery and light bills don't double again.
Explain to me why cant we have many new cars on the lot??
Because they created this artificially! !
Chip shortage my ass! IT is a BIG scam!!
I read that the average new vehicle transaction price is now over $48k. Personally, I would never pay over MSRP…
I know that I never thought I would ever see people paying a 100 thousand plus for a vehicle. Regardless, no vehicle is worth 100k. There is no amount of features, technology that you can stuff into a car to make it worth that much. Unless you are going to live in it, it just isn't worth it to me. It is going to rattle, break down, have to replace tires, service, fade and in 6 or 7 years be worth nothing or no dealer is not going to give you not anything close to what you paid for it. You are screwed. That's why the prices need to fall back down to 50k for these luxury cars and 30k for these midsize vehicle and back in the 20 for small SUV and used vehicles should also be in the 20's and teens considering what type of vehicle it is and the mileage. I seen a SUV, I THINK it was a Chevy Tahoe with 80k miles and they wanted 60k for it. That should be a criminal act and we should be allowed to sue the seller for such a obvious illegal act! Unacceptable
In Eureka Ca, the only Dealership that doesn’t have inventory is the Honda/Toyota dealership. Every other brand and used car lot still has TONS of cars. Price gouging is so bad but what’s worse is these small used car lots are gonna suffer for a long time to come cause they are thieves.
It is already changing. Trade values are lower than a few months ago. There are cars and trucks to be had. Granted, not the ones that everyone wants. But if you need, you can find.
Best way is taking maximum care of your current car and keep it running for couple more years if possible until car selling is back to normal.
That's what I'm doing for my 2007 Honda Odyssey with 246K mi.
I recently tried to purchase a RAV4 hybrid and was told there is a two year waitlist so they are no longer accepting orders. Purchased a Ford Escape pre-ordered by the dealer meaning I got whatever they ordered. Still took two months to arrive in Canada.
Americans are entitled CHILDREN.
When people quit buying and leasing ridiculously expensive cars and trucks.
IF the government wants to make it a free market then we consumers must have the option to buy from car manufacturers directly. Let dealerships continue doing what they are doing and allow the consumer to buy directly from the car company. We'll see how the free market finds an equilibrium. People get mad at scalpers that sold PS5 and Xboxes at markup but they are okay with dealerships doing the same thing.
The days of me buying a vehicle at a dealership are over. F*ck them and banks!
I buy new cars when I can get what I want in a color ( black, white and grey are the 3 noncolors) I want. At about 10 percent off sticker.
Or I wait.
Simple, eliminate demand.
You'll see the car market return around the middle of next year when we have to finally admit we're in a recession and the holiday season ends and the pink slips are handed out instead of bonuses. Defaults and repos are going to flood the used car market along with higher interest rates.
Dealerships fucking the market up. It's in the carmaker best interest to get rid of the practice.
My local TM dealer has zero new RAV4 on the lot, they said 3-6 months for non-hybrid and even longer for the hybrid.
My guess is that by 4th quarter of 2025 50% of new cars sold in the US will be fully electric. The new tax credit will slow things down. Regulations will make it slow down. Toyota will be bankrupt by 2030. They are screwed. Tesla and China will rule the day. They earn a 30% profit on their cars now and have tons of room to move on price as they get their production up.
NX non cool 😉
If and only if we don't nuke each other, I gove it 12 years for a durable goods market to attain true eqilibrium. Think it through. Between now snd then? The end of the world is s new beginning. My 2013 Honda Accord with 55k miles, bought new, $31k, might be ready for replacement in 2035. Then again, maybe I just keep it.
By 2030, GM will be bankrupt. Tesla will be the biggest company on the planet. VW will be a shell of its current self. EV’s will be at least 50% of new car sales.
We shall see how close I am…
When we stop buying cars at these high ass prices
Stop paying these high prices!
6:14
It’s not realistic.
The plan is that the amount of cars on the road will be far less. They want us in public transportation. They know there won’t be enough EV for everyone
Why in the world buy new? Eye watering prices, the utter nonsense of the dealership experience, and honestly, you don't get where you're going any faster in a brand new vehicle. Purchase a few years old, get it from private party or places like Carmax, Carvana, etc. No way I'm swirling around the vortex of stupidity purchasing an $80K+ vehicle. Nope. Not doing it.
I subbed when you said you sold cars we can relate
I remember when accords and Camrys used to sell at a low 20k🥲🥲.
Great intro!
Never! That's the new timeline
We are at the top of a boom cycle. Don't worry, the bust is coming. The problem is that most people won't be able to afford a new car. Only the few, the elite, those that work in counter cyclical industries. Most folks won't be buying the premium brands. The automakers will be scrambling to get affordable cars in their lineup. Of course $50K is already the new $20k and by the time the bubble burst $70k will be the new $20k. If you don't make $150k a year, you'll be SOL.
That's easy, never, they all but said this, car companies love the lack of inventory, too them, it means less lost per model, the only brands I see with truck delivery of vehicles are Hyundai/Kia/Genesis, Toyota/Lexus, some Jeep, and BMW models, everyone else good luck, funny you said the Toyota guy said retail sales (ok), just saw several new Toyota models at a local rental car place (RAV4s, Camry's, Highlander's and some Tacoma's), on top of that, the locate Toyota dealers are running special on Camry, before that, it was the new-gen Tundra, it would at a minimum be nice to be able to at least sit in a given model, hopefully, car companies realize this, they need models on the ground for customers to sit in (good example, the full-size pickup, a regular, extended cab or crew cab, with different bed lengths or a full-size body on frame SUV standard vs the long wheelbase, compact vs midsize sedan or CUVs, etc), just saying, some customers are visual buyers
Yeah, this is out of control…Honda North of Clovis, CA is asking $40k plus for a Civic Si…WHAT?! Hah
I do have a choice. Its far cheaper to rebuild and repair my Jeep than buy a new one.