Dealers CAN'T GET RID OF These TRUCKS! And It's Getting Worse for 2025

Dealers are in a tight spot right now... Most dealerships are struggling to get rid of their truck inventory, especially their higher trimmed examples with inflated MSRPs. Discounts are getting bigger and better as time moves on... so are the incentivized interest rates. The dealers that take a loss earlier will be the dealers that succeed. Things are only getting worse as we teeter deeper into 2025. The car, truck and SUV market is crashing right before us, and I don't know if a government bailout will save them. Let me know your thoughts. What kind of savings are you waiting for before buying a new or used vehicle?

Topics discussed include:
- trucks went from being a tool to being a status symbol… look at how many single cab options exist now.
- dealerships are getting desperate… they cannot sell their trucks. In today’s video I’m going to show you why trucks aren’t selling and when the best time will be to buy!
- 1/5 auto loans taken out in Q4 were over $1000 per month
- 1/5 auto loans were denied
- Negative equity $7300
- Credit card debt
- Average new car auto loan amount in Q4 was just over $42K. All-time high!
- Average new car sale price in 2024 was $48,405. Used $28,600
- 7% new 11% used
- Negative equity average hiked $650 over last 6 months….
- $760 monthly payment …
- $525 used
- Used vehicle prices and trade in values have taken the biggest hit. Thanks to new vehicle discounts being offered.
- The gap between New and Used has grown and rightfully so.
- 42% MSRP hikes… since 2019.
- Dealers are discounting their trucks $8-12K off. That’s not enough. 10-15% off a trucked overpriced by 40% doesn’t sit well with me.
- It’s like a cruel joke was being played on us and when we all caught on and called them out, they just got worse.
- Dealers are now relying on in-house financing and selling protection plans more than ever. The profit margins are lessening with the required discounts and rebates.
- Dealers NEED to move the metal.
- Inventory levels have grown at alarming rates… over 120% more than 2023.
- 54% of EV owners are upside down. Think F150 Lightning markups… Hummer EV markups… Rivian. Tesla PLAD.
- People are in tight spots with their current auto loans… thanks to pandemic lending: banks would lend 2021-22 would lend 150-170% LTV
- 40% of people are upside down on their car loans. It’s rising fast. Up 9% between Q3 and Q4.
- Tesla, Jeep and Kia owners are facing the highest negative equity levels right now.
- Toyota Ford and Subaru are in the “best” positions.
- Wholesale values plummeted in the last 2 quarters of 2024. Down 18% collectively… dealers can’t bank on wholesaling to save their butts.
- Best time to buy: May-August. Away from tax season… new redesigned vehicle inventory levels will have populated lots. Old models worth even less. Away from “end of year sales”… away from tax write off purchase season.
- Don’t let dealers bully you around. You drive the ship… they play games, take the 3 minutes to leave them a 1 star review and drive up the road to the next dealer.

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-Stay Untamed...

#carmarket #trucks #marketcrash

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[UnboxingEngineer]

Honestly all the blame goes to the consumers, everyone nowadays wants to buy what they can't afford with debt they can't repay to impress people who don't care.

[mikeyID]

I say don’t buy any new trucks or SUV’s at these crazy high prices. It will send a message to the automakers 💯

[Stowitx]

Obviously these trunks are no longer used for work. They are status symbols for prosperous business owners who want to use the 100k price tag for a tax deduction. Another problem with our tax laws.

[tgmarti]

How about just subtract 55% from any new vehicle price to get a fair price. For example a $53, 000 Ford Ranger would be $23, 850. That seems like a fair price.

[DannyFyffe]

If we would all stop buying any vehicle for 30 days, prices would drop. But if we would all agree to stand down for 90 days across the country. 50% sales would be common.

[cfrincon]

I remember way back when a brand new pickup truck was 15K. 😂

[JacobSmith-hxfz]

You will own nothing, and you will like it

[tonylinardi]

Government and businesses lead us to this cliff, the masses blindly follow. Debt Debt Debt!!! Government bailout, more debt, more devaluation of the currency. Standard of living slipping away.

[mikehill]

Gonna take 50% off and 0% interest rate to even make me interested in buying their junk and if I even have to spend more than a hour inside the dealership I’ll walk out the door. No I will run out the door! I absolutely hate dealerships and the bullshit that comes with buying a vehicle. Why can’t we just buy from the manufacturer and be done with it? Let em rot on the high dollar real estate they are sitting on and maybe they’ll get the message.

[kevinduveneck]

From my understanding the manufacturers report a sale when they ship a vehicle to a dealership, not when the vehicle is actually sold to a retail customer. They are counting all those vehicles on dealership lots as sold vehicles.

[theunknown]

The price of anything is only worth what someone is willing to pay. And apparently plenty of people are still willing to pay that or the prices would drop. I for one know of one person that will never! Never! Pay that amount

[thesamsquatch]

Good to hear.
Let them keep on bringing down prices.
They’re already paying for the vehicles on the lot.
Let them keep paying because they have it coming.
People need to stop buying vehicles right now

[theboostedranch]

When the government puts their hands in industries, pricing always goes up and the quality always goes down.

[Snakebit]

I’m just waiting for the plethora of reliability complaints to hit the Internet regarding the four-cylinder turbo engine, in the 2024 Tacomas . There’s already starting to be quite a few complaints about the transmission

[erictate]

Toyota is getting major pressure right now, from consumers to bring back a option, of a new V8 engine for it's full size pick-up truck !! Because the Toyota Tundra Full Size truck, should have never lost the Option of V8 engine, to begin with !! What most people want, is a basic Full Size Pick Up truck with a V8 engine and a basic interior, at a reasonable price !!!🇺🇸🇺🇸🇺🇸💪💪

[SonnyPruitt-qs]

54k for a Tacoma with a 4 cylinder? What kind of idiot pays that?😂😂
By the time you pay fees and taxes yau are at 60k!🤣🤣🤣

[steezayay]

I agree on the nissan trucks. I'm not a big nissan fan, most of their cars are junk (cvt issues mainly) but it seems like their pickups are built way better - and compared to all the other trucks they are a good deal.

[rocinblues]

Note, when FORD "counts" the "F" series for ALL their trucks it's the entire universe added up. Went for a walk today (very low traffic volumes in my community, and I counted 7 brand new Broncos being driven, is Ford giving those things away? I don't want one, but man oh man they were everywhere!

[DansFire]

My 2005 Tacom needs a frame restoration. With the exception of the frame its in great shape. A frame restoration is 10s of thousands of dollars cheaper than the overpriced new ones.

[contention]

I'll stick with my old rig. Hey it runs great, and it's paid for. It will be a cold day in Hell when I pay $70k for a pickup.