The Rich are Controlling the Car Market

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00:00 - Intro
What's up, you guys? In today's video, I will break down current inventory data in the car market and also break down why one segment of buyer is controlling everything.

00:20 - The Data

01:00 - Inventory Levels

05:25 - Cheap Cars

06:07 - Conclusion

07:41 - Closing
I hope you guys enjoyed this video; make sure to hit the like, subscribe, and the notification bell, and I will see you guys in the next video.

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#Dealership #CarMarket #CarPrices

[timalan]

Wealthy people are not buying these cars and trucks (except the Lexus), it is poor working stiffs who are trading their future for a new truck today.

[dontbedumbomg]

Don’t forget that if people don’t buy things at the price they try to sell them either they will go out of business or lower prices

[josephkelleher]

Vehicles today are way overpriced. I wouldn't spend a dime of my hard earned money on one of these overpriced depreciating liabilities.

[aim-for-greatnz]

It will NEVER SURPRISE me how stupid the American consumer is 😂
We accepted and paid these high prices for no reason.

[gdcapra]

A lot of wealthy people don’t buy these expensive cars. They buy Subarus, Toyota’s, Honda’s etc. A lot of the people buying the expensive cars can’t afford them and up with repossessions, serious negative equity, and bankruptcy. There are entire You Tube and Tik Tok channels that deal with this group of people and tell the story.

[Chris-tuxx]

19% Interest rate for my MOM! She is sticking with her awesome supercharged 20 year old car. Runs Fantastic.

[jamiebassett]

The used truck market is crazy. Some dealers are lowering prices of diesel trucks to make them affordable but the ones with older 06-09 also want a piece of the pie and they’re pricing those ridiculously high.
And gas trucks are priced as high as the diesel’s! It’s nuts….

[falconinflight]

Car and truck prices are beyond most buyers.

[Joepacker]

I would be considered wealthy by many but I would never pay $100K for any car I don't care how nice it might be. It will still loose a large part of it's value the second you drive it off the lot. I'm wealthy because I don't waste my money especially on $100K cars.

[brokeboy]

To answer the no question. The answer is no, since people have other debts to deal with. A car is both a luxury and a necessity.

[josephkangbiz]

Ah, the rich controlling the car market... Guess it's only fair since they already control the WiFi. What’s next, a subscription fee for fresh air?

[TexasRiverRat]

No thanks! I'll keep my old stuff that's paid for and fix them when needed.

[davez]

As a European, it is nuts for me to hear that those huge cars are normal "every day cars" haha.

[GrandPrix]

I'll spend whatever I have to on parts to fix the vehicles I currently have, whatever it takes. I'll never buy brand new, but I don't even want to buy 3-5 years old these days.

[anna-kufq]

Very well done! Very much enjoyed this video.. best yet..

[a-roh]

Of course. Bribery is legal through lobbying... drives me nuts. How can you expect fair system with bribery ????

[BTC]

Many dealers don't care about volume anymore. Minimize the management, sales, & F&I staff, rely on Service, maximize the profit per transaction.

[loveandbaconbrian]

It seems such a shame that not a single carmaker is shooting for making history with the next original VW Bug or original Ford Mustang - meaning a low-cost, million-selling, no-brainer value with wide appeal. The accounting department must have figured out during COVID that selling less at higher prices is more appealing. What a shame. Tell me a 2x4 rag-top (or fixed steel top) 2-door Bronco with automatic, a/c and a whatever stereo for $29, 999 wouldn’t blow doors. Come on, Ford - remember who you are and get America back behind the wheel of something fun, versatile, and affordable again. The Maverick is your only half-attempt but a pickup is not what most drivers are looking for.

[carlseibert]

In the late 20-teens - a scant six years ago -a "$50, 000 car" was a Mercedes E-Class, base price about $52K. And only rich people bought them. Today, an E-Class is $62K, That's a 20% increase in just six years, which is outrageous. But that ain't nothin'. In 2018, according to Kelly Blue Book, a "normal car", the average "mid-sized" car, sold for about $25K. Today, a "normal car" (Or as likely, a gas-guzzler pickemup truck so big it blocks out the sun) is about $50K - rich person car money. Or put another way, normal middle class people are shelling out 100% more for a car than they were only a few years ago. This can not be sustainable.

[Daniyoyo]

These are depreciating assets, so at the end somebody losing money and it ain’t the none buyers lol