Today I talk about the huge increase in new car sales to fleet companies and government agencies!
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Good video, but the title doesn’t match the content.
I am a tech with a company van. Three of us that I know are over 120k miles. We're due for some new ones and there's hundreds of us in the company. Big purchase coming soon
The feds want the world to colapse.
My local dealer is trying to sell Cherokee trailhawks for 52k and Compasses for 48k as of yesterday.🤦🏼♂️
How is the "Fed' demanding anything?
I keep getting dealers asking me to trade in my 2013 GMC Denali Crew Cab 6.2AWD.
It's paid off 10 years old and only 80,000 miles in excellent new condition. I keep telling them I already have heated and air-condition seats moonroof Bose 400 + HP, you can keep the new house payment for its new equivalent. Convinced a friend to replace his Yukon Denali engine after 300,000 mile and he plans to replace the seats. We are just fine without a payment and automatic back massagers LOL
This content has really helped me see things in a new light. 🕯️
The feds want higher ice car prices bc it’s fits their idiotic logic
Even if u get 0 to 2 % interest rate prices are still 15-20 % higher and if u look at lots the average price is what 65-75 k ? Unless u put down 20% or more ur close to 1k a month payments and that’s not factoring in insurance
They dont want people owning cars… Juat renting and carpooling. World econkmic forum says…. You will own nothing and like it!
New car loan interest rates have at least doubled if not tripled in the last two years. This will encourage people to keep their cars LONGER, which is a good thing. Cars certainly last longer than just a few years. So getting new car fever is stupid financially. People end up rolling over negative equity into their next car purchase, pushing car costs higher and higher. Who knows, maybe people will actually keep their cars long enough so they are paid off! Our two cars are 13 years old, still running just fine. So if more people just kept their cars longer, car prices would drop, manufacturers would be handing out rebates and low interest loans. All good. I expect the higher interest rates from the Fed to LOWER new car pricing. Just wait a year to see the full impact. Now if you have to borrow money, the car payments are certainly going to be a LOT higher. So keep your current car as long as you can, pay it off, build up a new car fund, and buy then (pay cash). My last car loan was 1978. But I keep cars a long time. Modern cars should last 15 to 20 years or more if you buy a reliable brand. My 2010 Honda, with 200,000 miles, is doing just fine. If it dies tomorrow, I am still way ahead. As far as fleet sales, FAKE news as many of the car rental companies were aggressively SELLING off their fleets during Covid. So they are now replenishing them.
Edit: I missed part of Ben's analysis. I still think the thumbnail is misleading and there are too many economic idiots out there.
Bottom line: Ben is right, I am wrong!
You'll own nothing and be happy -Communists
You missed the point 100% this is going to keep inflation High for a quite a long time why didn't you say that right up front companies will pass it along to their customers on the price increases that is common sense .lol
The New World Order : “you will own nothing and you will be happy!”
1. You can't stand in front of a black wall and cite percentage of a percentage, %%%%% – you should through some supporting graphics on screen to help the viewer follow what your saying (throw those numbers into a spreadsheet and put up some line / bar charts.
2. Nothing in your "guessing" (or "I'm a betting man") analysis suggests the FED is doing anything to influence car prices, I think the analysis on reasons why car prices may go up is rational (based on market pressures/activity) – the government doesn't set prices for jack shit – just as they don't make jobs. So, the title is bit click bait. (good thing YT has a "don't recommend channel" option).
Haha welcome to the phenomena in the UK we refer to it as Rip Off Britain the car industry is the biggest rip-off here bloody glad we are not alone
The reason sales are increasing is because of their ability of vehicles are increasing
Bought a vacation home in Italy for less than what they want for a new Super Duty truck. The prices won't force some to pay more. Those who can work remotely will just go super remote and move abroad until Lie-den leaves office.
Appreciate all of the research you do. We certainly live in screwy times. At the end of all of this I only hope the right people (companies) get the shaft they deserve.
All I have to do is listen to bens voice to see how cars are doing
I accidentally clicked on a video from 5 months ago and his intro was full of life.
Todays video the pitch decline in his voice sounds like hes been run over a dozen times by the car market.
Ive been saying this, Chip shortages are all bs. Its all planned but the big clowns (banks, car manufactures/dealers) just like the corona v planned by big pharma, push by dirty politicians (hint, hint – shutdown on all states) which they got at the back pocket. At the end they are going to bail out.
The feds can’t fix what already have broken they created this mess 10 years of low interest !!!!!!!!
Can I get a horse 😂
You will own nothing and be happy… are we seeing it yet?
I will lnever buy a new car again
Good luck Freddy fed.
Of course fleet sales went up because they couldn't buy any cars the past few years.
I bought a 2019 Chrysler Pacifica for $37,000. Car Max would buy it today for $30,000. Who thought a Chrysler could be a good investment 😂
Making money is an action. keeping money is a behavior. Growing money is knowledge ..
Wonder how many fleets trying to keep existing vehicles as long as possible to get EVs instead and save that 50-60% maintenance costs Hertz has publicized. At least anecdotally, friend that works in a local gov't and they're actually only allowed to get EVs for new fleet purchases.
can you put graphs and visuals on these videos you made?
You say BS all over the place! You dont know s–t!
Nothing said about the Fed…thumbs down!