Car Dealers Refuse To Accept Reality

Today I give big updates on the new car market!

[Outsider.Reviews]

I don't think they are refusing to see the reality.... I think they are actively fighting it trying to hold on to fat margins

[mrcnorth]

Let the car mfg's and new car dealers, eat their vehicles to survive. US consumers should not buy any of them at the current prices. Prices should drop by 50%, then the deals can begin

[craighanks]

It’s the car companies refusing reality keeping MSRP’s in the stratosphere. Because there are people out there with more money than brains still buying pickups @ 70K+, 80, 90, 100K+, they’re just reinforcing the big company attitudes that selling only a few vehicles for high margins is better than selling a ton of low profit vehicles. I think you’d be off your nut to spend more than 35K for any vehicle now, you’re just feeding their greed & insanity.

[caddymac]

even used cars are stupid high in price

[Doc]

As long as people keep paying the price, the prices will stay high.

[curtismyers]

Karma! Dealerships were price-gouging their customers due to supply chain issues during the pandemic!!!

[DarrellTurnerJr]

There's 192 brand new '23 Dodge Challengers and 165 brand new '23 Ford F150's within 100 miles of me. 2025's are starting to hit lots. I can't wait to see how all this shakes out.

[mitchberger]

RV owners who are trying to sell their covid purchased rvs are also in denial of a fair selling price.

[cheesyguy]

Attempted to buy a used car yestey, dealer wouldnt budge a dollar from their asking price stating they could send it to auction and get more than what they were asking for 🤷‍♂️. Walked right out on them after that

[davedave]

[They] lie - if all these cars and trucks are being sold they why are lots filled with 2022, 2023, 2024 trucks and cars?
Perception is reality.

[hotshoe]

Dealers are not selling - so they are trying to recoup their losses by keeping their prices ridiculously high plus the ev mandates are killing all profits.

[ericfriedle]

It had to eventually find itself in a bad place. They have sold all the suckers who were over paying and what’s left is the smart buyers. The people they sold to before are in a bad spot and now they have to suffer because they were short sighted of the result of their actions.

Let them go down. Lose money I don’t feel bad for them at all it’s their own doing

[jasongray]

I believe they're waiting for a bailout.

[Doc]

I had to buy a new pickup.
The last new vehicle I bought was in 94.
I bought a leftover 23 on 2/29/24.
The MSRP was $51, 848. I paid $48K and the dealership gave me lifetime oil changes, a tonneau cover, running boards and an 8 year 75K mile bumper to bumper warranty.
I was very specific on what I wanted with my Tacoma TRD.
It’s an Off Road, double cab, long bed with the Premium and Technology pkgs.
It’s White with black leather

[ogles]

I’ve been on the inside of this situation with my family. It’s not that they are refusing to see reality, their floor plan had them trapped in a situation from which there is no escape. The only way out is if the auto manufacturers bail them out and the government will have to bail out the auto makers. You can’t sell them for less than you have them on the books unless the above happens. The banks won’t release the titles unless enough money comes in to cover what they are on the floor plan.

[Akaakaaka-epxh]

Insurance spike is also a deal killer in the overall equation from where things were in the past

[jamesstuder]

Drive by any major car dealer lot. They're overloaded with product. The OEM's raised prices beyond what the average person can afford. People have to have cars as theirs wear out. This has driven people to used cars, causing prices to go up. The problem are the MBAs running these large corporations looking only at spreadsheets, and ignoring the plight of the average person. Employees, customers, local vendors etc are absolutely not a consideration. It's all about how can we squeeze out one more dollar without destroying our organization. It's all about greed.

[kemangraya]

Lets all of us wait or pressure them to the lowest price. If all consumers are playing this tough game against them we will win and the dealers have to start accepting our demands

[jerrypolverino]

New cars are the road to poverty. Put that car payment in a money market fund. Double your money in 8 years.

[tedecker]

I won’t buy new again until someone offers a single cab compact truck in basic trim. I need a four door truck like I need a heart attack.