The GREAT RESET of 2024 Just STARTED | CAR MARKET COLLAPSE!

Our predictions have come full circle! Join in as we take a look at the outrageous pricing strategies of major automakers and the impact it's having on the market.

Key Takeaways:
Ford's Entry-Level Prices: Are they really affordable?
Market Trends: Nine months ago, we warned about the car market bubble. Today, we see the consequences.
Automaker Struggles: Nissan's profits down 99%, Ford and Stellantis also facing significant profit drops.
Dealer Lots Overflowing: New car inventory back to almost pre-pandemic levels.
Affordability Crisis: Why car prices must come down and how manufacturers' strategies are backfiring.

We'll also discuss:
Incentives vs. Prices: Increased incentives but still high prices.
Historical Perspective: How car prices and incentives worked in the past.
Days Supply: The critical metric for understanding the market's health.

💬 Question for You: How much further do car prices need to come down for you to consider buying a new vehicle? Let us know in the comments!

🚗 What's the best way to buy a car today? Skip the dealership hassle with CarEdge Concierge, the most trusted car buying service. Save more and stress less, with home delivery available:

🚗 Join the CarEdge Community:

🚗 Get educated on buying a car with CarEdge's Deal School 3.0:

CarEdge Podcast: Daily News You Can Use

Instagram ⮕ / @mycaredge
TikTok ⮕ / @caredge

#CarMarket #AutoIndustry #Ford #Nissan #Stellantis #CarPrices #DetroitAutoShow #CarEdge

[tmer]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[levigato]

The average American needs cars below $30K. We can’t afford $40K or more.

[fandangobandhouston]

I can’t afford anything over 20k. I don’t care if it’s used or new. These vehicles have been over priced for the last 25 years.

[vicariousjohnson]

New car prices have gone up 60% over the last ten years. How much has your income increased in that time? How much has inflation eaten into your income in just the last four years? Car prices need to come down 50% for a regular person to actually be able to afford one. $115k for a damn Jeep? GTFO.

[v.maharaj]

My son went to a local Honda dealer in Orlando to shop for a Civic Sport with 6-speed manual. MSRP was $29k, dealer equipment added another $6k. He walked out the door and never returned. So proud of him!!

[Carlos-]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[angustroutman]

I wish I had a doller every time I heard the, "car market is crashing!" I could buy a car!

[JohnSmith-ugci]

The real problem is with the public that are foolish enough to pay the high prices.

[stevenrocks]

Anything over $28, 000 dollars is not doable for regular people.

[Quality_Guru]

I was in the market for a new vehicle when I commented that the prices on vehicles were getting higher every year. The sales person told me “don’t you realize that everything goes up every year”. My wife quickly responded, “not so with salaries”. She then asked the salesman if he had received a raise in the previous years. We heard crickets.

I have come to the realization that I don’t need a new vehicle. The greed by the Auto manufacturers has completely driven me away from purchasing a new vehicle again.

When prices go high, I go low. As an example, When they raised the prices at restaurants, I just went less often or cooked at home trying different recipes. I’m not alone and it appears that automobile manufacturers just don’t get it.

[scottpaulson]

I get GM employee pricing and I STILL will not buy the OVERPRICED GM products.

[purpledude]

I'm in the ball park of never buying a new car. Prices are insane for these cars. The stuff they are putting in them now I don't need. I want winder windows. I don't need cameras all over my car to see around me. I don't need to have 2 different air temps on each side of my car. I don't need TV screen in front and back. I don't need heated seat. I don't need super bright headlights. I don't need blind spot checkers. Give me a car that will drive me from A-B, that has a Key a window I can wind down with a handle and a radio knob I can turn up. Thank You!

[raywri]

$40, 000 for a Jeep Compass is ridiculous. It’s not even a case of ‘It’s too expensive and I can’t afford it.’ It’s more ‘It’s too expensive and I’m not paying that.’

[kevinguise]

25%. It needs to be back to pre-pandemic pricing. Dealers got greedy during the pandemic, and now they should pay for it.

[Busydadgarage]

Will never go to a dealer again.
I will continue to buy used from private parties, and fix my own stuff. The trick is researching the cars and brands that have horrible failure rates, and staying away from those.
Car Wizard does a great job of helping people determine which cars, suv's, and trucks are worth getting.
The true problem is, if these manufacturers don't fix their issue, the used market will inflate more and ruin EVERYTHING!

[Davemak]

Love watching you guys, but this is the 200th “the market is collapsing!!” video you’ve put out and it still hasn’t collapsed.

[digitalman]

50% minimum on a car and 70% on trucks. They are depreciating liabilities.

[SimpleLife]

If Ford, or any other manufacture, lowered the price of their $80, 000 trucks 50%. many buyers would still be unable to afford them because the incomes in America just aren't supporting these prices.

[kevinguise]

I have a 1988 Chevrolet Silverado. I could spend 2000 dollars a year fixing it, and it would take me 50 years to equal the cost of a new truck today. I'll just keep repairing my truck until I die, because that truck is going to outlive me.

[adorsey]

LOL It’s been FINALLY HAPPENING for about a year now. Nothing, of substantial relevance, has happened yet.