Banks Cutting Credit Lines For Dealers! Car Dealers Are In TROUBLE!

Banks are starting to pull the plug on Car Dealer's lines of credit. Dealers desperately need these lines of credit to be able to buy inventory for their dealerships. This could be big trouble for car dealers and the whole car market.

Below are the Amazon links to the scanners me and my team use. As an Amazon Associate I earn from qualifying purchases.

Car Dealers CAN'T SELL CARS! Banks Cutting Credit Lines For Dealers!

My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.

Thanks for watching and please feel free to leave any comments you may have in the section below!

And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!

#UsedCarMarket #CarPrices #carmarket #usedcarprices

[benfrank]

Sounds like the dealers are about to get a market adjustment of their own.

[jpnguyen]

Dealerships did this to themselves by being greedy

[elcheapo]

Meanwhile, my local Toyota dealer is still adding $4, 000 markups on Camrys. I hope they and all the others like them go out of business.

[warrenb]

I remember wanting to get a new rav4, the dealership told me there was a 15, 000$ “market adjustment.” Because they had the car and it’s hard to get this car. I told them I won’t pay a bribe to get a car and left. Now I’m getting calls and e-mails asking to come back that they lowered the bribe to 5, 000$. Wow… go eeF yourself. I’m not playing that game.

[lilibear]

I never understood this business model with car dealers. I always felt that if you treated customers well, had a good service department, and stopped with the manipulation and head games you could make a good living and have loyal customers and more referrals than you know what to do with. I am elated to see them hurting, especially after these last few years.

[xClyptox]

Everybody was laughing at me when I told em no on their crap pricing, here we are a few months later - lots are full and Im getting cold calls from dealers lol.

[jamescarter]

Been saving my money for two years . Waiting for the dealers to break..

[Liendoelcm]

Caused by nothing less than greed on the part of the dealerships, manufacturers, and the financial markets and the fools who bought when they could not afford to buy.

[rwdplz]

Dealers have gotten SO greedy they thought they could dictate terms with the banks. They're about to learn a HARD lesson.

[csinalabama]

Back to the early 80's again! One year on the job, good debt to income ratios, 10% down and a decent credit rating, or, mom and dad co-signing.

[Jerrylumdegaard]

In 2020 I bought our 2021 RAV4 LE AWD for $27, 800. Used 2019’s and 2020’s with high mileage are still listed at that price or higher locally. Disgusting.

[bonsaitreehouse]

Banks are pulling back on everything. Cutting credit lines, Less mortgage loans and car loans.

[brandonbaker]

This is not only impacting car dealerships. The home and commercial loans are also tightening. Brace for impact. A very nasty recession, depression is in our future. Ever increasing debt is the life blood of the US economy. It's currently shrinking.

[albutterfield]

The credit business has finally squeezed the last drop of money out of the consumer and the consumers have finally realized that purchasing a new car at the current price is a bad decision for the family finances. I have had relatives tell me that the dealer tried to shame them by shaming them about not being able to afford and $700.00 or $800.00 a moth car payment. The consumer is a big part of these high prices because they willing bend over and sign the contract to be financially raped.

[vaughnbay]

STOP....my heart is bleeding. Those poor, oppresses, hardworking, ethical, used car lot dealers may get treated like they treat their customers. Heaven forbid.

[danhealey]

just for fun last week i went to a dealership to look at a 18 rav4 with 186000 miles on it and they where firm at 24000 plus a 799 doc fee and i walked away with a good laugh

[michaelmcgarrity]

Housing Market is seriously unstable too.
TY for Auto update.
Bankruptcy Lawyers are going to make a load of Money.

[higgs]

My SoCal Carmax just dropped the prices on the car I've been following by $2k-$4k. The price had been stable through the quarter so it looks like the price cutting has begun.

[michaelmccain]

This stuff just blows my mind. I work as an automotive part supplier. We do fasteners. We have been working 24/7 for years. This is for all the big automotive companies. I would love an explanation to where all this stuff is going if cars aren't selling.

[Machenziethemodel]

The fact that banks agreed to finance these high price cars is crazy but then again not really.