IT BEGINS! The Car Market CRASH Of 2024 | MASSIVE PRICE DROPS

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Ray and Zach get their hands on some EXCLUSIVE new info (straight off the presses), and it's a doozy! Most automakers today have decreased average transaction prices (ATPs), some by over 10% in a few months. Could there be a market reset on the horizon, or has it already begun?

[dericnentrup]

12% off a price that raised 50% hard pass

[nstycrv]

when the prices were artificially up by 25%, then down 8% is NOTHING

[JCT]

"Thousands below market value"... yea, whose market value? Small discounts on way overpriced vehicles doesn't fix the underlying issue.

[aaronw]

Keep holding out people. These drops aren’t enough.

[stephenpetersen]

Hold the line! Repair what you have and don't buy anything, even used. Nothing will change as long as we keep buying.

[kenarthur]

Cars are still at least 33% overpriced. Average cost of a new car is $47, 000. Pure insanity

[Kevin-mkjo]

30% off current MSRP, gets me interested, 40% gets me to your dealer... but 50% off.... gets me to buy. Until then, i am ok with my truck, car and motorcycle... titles in hand with zero debt. They hate us cause they aint us. Debt? Whats that?
HOLD THE LINE!

[Sideler]

In NJ a 2024 Nissan Frontier Pro-4X, loaded ith all options is $50K+ out the door. I told him "No, your prices are way too high, I'll see you in 6 months"

[smokeyj]

Prices have changed guys, just not enough. I'm in the market for a truck. Went to ram because they have the highest discounts. Unfortunately not enough so we didn't make a deal. They went from $62k to $49k. A crew cab 1500 ram V6 should not be no more than $35k. I will continue waiting. Time for manufacturers to suffer for taking advantage of gullible people.

[PassiveHuntsman]

Ray nailed it with the interest rates. A 10% decrease doesn't offset the ludicrous interest rates. A credit score of over 800 gets me an astonishingly high 8% interest rate. This cannot continue. The average monthly payment has broken $700/mo in the US for auto. This is insanity.

[geoffm]

The majority of new cars that's been sitting nearly a year on stealerships rot lot should be automatically depreciating well below MSRP.

[jamesoberg]

One dealer in Henderson Nevada shows over 300 new 2023 vehicles in stock! They aren't selling anything!

[Riverguide]

Be patient everyone….the declines have just started. With employee layoffs and curtailed production and dealers refusing additional inventory, it can only go lower.

[pictureworksdenver]

Dealers and manufacturers have punished car buyers for the past 3 years and now the tables have turned. I sincerely hope buyers continue to hold off on purchases forcing dealers and manufacturers to compete ruthlessly to provide exceptional value to their customers in order to survive.

[jalbert]

Good to see the dealers taking a hit. These are the same guys who wanted premium above-sticker prices from us for the honor of buying a car from them.

[TheRealCatof]

$10, 000 off a price inflated by $40, 000 is not a deal.

[pcmountaindog]

Dodge prices down 12 precent? I would not look at a dodge if the price dropped 75 percent.

[riseharris]

Until interest rates go down the car market is screwed just like the economy!
Y’all need to tell the truth😂

[Hot_Stank]

Wait, are you saying the 68, 500 XLT 23 F150 is now 63, 750?!?!?!!? That's

[jscarpetta]

It was f#$% the customer for almost 5 years, now its f@#$ them.