Car Dealerships Are Out of Control
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- čas přidán 6. 05. 2024
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And big old thanks to our friends at Throttle House for coming by! Make sure to check our their video: • 2022 Acura NSX Type S ...
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"We finally have cool jobs and we still can't afford cars."
You've nailed it James. All of my current pains.
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Such a fun collab, the chemistry was rock solid between Donut and Throttle House. Knew I wouldn’t be disappointed.
I’m disappointed that they didn’t shout out Extra Throttle House.
I never thought this would happen. I watch Throttle House all the time
Please do this again
James talk some cent$ into me...
Well I became even more disappointed in dealerships lol
I think to make this game work better, each team can discuss out loud but then they give their number guesses privately. To avoid the $1 upbids
You could also have both teams write their answers down, and show at the same time.
I love their videos but this dollar over bullshit is annoying.
The whole price is right game aspect is fun if you just want to game the system but for guessing the price, I think the 'closest price' should be the way. The point here is to see how ridiculous these prices are and that has to be based on actually guessing rather than one team guesses a price and the other just tries to win.
Make both sides guess and share thoughts and keep their numbers private without price is right rules so that there is only incentive to think about the car and its price rather than also think "What are the other guys guessing?"
@@arjunsatheesh7609 probably
Could also do a minimum 10% difference from first bid
1). This was the best collab yet. Awesome job guys! Hope Donut brings Throttle House back
2). $285k?!?! Are you f**king kidding me?!?! All jokes aside, that should be illegal
In first world countries (so not america) it usually is! It's MSRP all day erry day in my country lol not that I can possibly afford a new car still though
@@cenciende9401 In the USA, we have laws governing price gouging or when a seller takes advantage of a situation to raise prices beyond what is considered fair and reasonable. It is encouraged that, in certain situations, like excessively high dealer markups, that you report that dealer to the local state's Consumer Protection Agency. Here in my state, the Attorney General's Office investigates these reports. You can also report price gouging to the FTC (Federal Trade Commission) Bureau of Consumer Protection, although they are Federal so not really tasked with issues a state can handle.
@Matthew Bauer the thing is the car dealerships in various states have successfully lobbied against their business being applicable to anti-price gouging laws.
States also refuse to go after dealerships because of the state taxes they get from car sales.
So the higher the car's price, the higher the sales tax.
You can complain to your local state about a store selling the $0.99 cans of Arizona iced tea for $5 and it would count as price gouging, but you can't do that with dealerships.
@@cenciende9401imagine trashing a country that you aren't even in 😂 let alone the most successful country in the history of the world
@@Enderito “most successful country in the world” is a BIG stretch
The only thing worse than the dealerships that do this are the customers that buy the vehicles for these ridiculous prices. It's enabling the dealerships to keep doing it.
Like putting ugly women on a pedestal. Now these women feel entitled because they're egos are inflated
As a former car salesman, you couldn't be more right. Lots of honourable sales people are leaving the industry because mangers always hold out for the guliable idiots and burn the hundreds of honest customers.
If you're STUPID enough to pay these prices you deserve being scammed
@@DJYoungBeast ggyyyuuuuu
Gugihiu
The problem is that this mostly affects the brands reputation and not the dealership administrations. Manufacturers need to take action, but actually do it and NOT say you are!
That’s definitely not THE problem
The problem is that consumers r getting the F taken out of them
@@fillherbut1880 well yeah obviously, but the point is that manufacturers aren't stepping in out of the kindness of their hearts. The insane markup does little to actually benefit the manufacturers, so at this point it's just damaging their brands
The problem is people actually paying these prices.
Its mostly the dealership
@@eydvlogs3541 Exactly. Free market economy. Dealerships are charging these prices because people must be paying them. If it wasn't paying off for the dealerships, they wouldn't be asking this much. Every time something like this happens, people want to go crying to nanny government or nanny manufacturer because they want X thing cheaper. That's not how a market economy works. You're not entitled to something at a certain price. Don't pay it, the price will go down.
These videos the guys make continue to baffle me. I work at a Subaru dealership in Colorado, and our store is the only one in the state not adding addendums to new/used cars. A couple of months ago, Subaru’s CEO actually publicly reprimanded the other dealerships in our region for selling over sticker and taking advantage of people. Idk what other consequences they received, but it’s just crazy to me! Stop the madness!! 😳
definitely a video format that could turn into a staple of the channel. Could even spin it into an interview show where a couple cars out of the bunch are related to a car story from the guest.
It's crazy because dealerships were meant to keep manufacturers from doing this very thing to the consumer. Now look. Dealerships are below lawyers IMO.
Dealerships were meant to keep car manufacturers from carrying inventory, not to protect the customers.
@@UncleKennysPlace yeah that's what they were started for
@@UncleKennysPlace actually, back in the 20s the US senate made a bunch of antitrust laws to stop manufacturers from having a monopoly on car sales
The American laws need to be rewritten, but who’s gonna do that lol
Dealerships got their start so car manufacturers could market their cars to random places across the globe without any of the financial risk or trouble associated with owning sales facilities everywhere. John investor could decide if middle of nowhere Alabama needed a car dealership, and they’d win or lose their own money.
They kinda took on a life of their own from there. They lobbied successfully to prevent car manufacturers from selling to consumers in many states. They’re another useless middleman that has outlived their original pre digital purpose.
@@UncleKennysPlace I think he's talking about the laws preventing manufacturers selling direct not about the concept of dealerships
As a person who lives in Oklahoma, I looked at this hummer on the Seth Wadley website, and yes it actually was $300k at one point. They had it listed higher than a new V12 AMG G-Wagon. Absolutely criminal.
Important question. Who in his right mind buys a Hummer
@@MrJimheeren 1) Someone who is rich enough to not be bothered with that level of spending, and 2) wants the latest and greatest to show off.
Just a reminder that Joe Exotic had a pretty cozy business relationship with Seth Wadley before he was arrested.
Hummer has 400 more HP than the g wagon
@@violater7026 Yeah but it's not an AMG and not a v12
I love these guys. It's honestly my favourite channel, and they also win because they're Canadian. :) :)
This was really fun. You guys have similar sense of humour and it feels like it would be fun to hang out with you guys, so it's fun to watch.
My sister just bought a new RAV4 hybrid. I talked her into walking away from the first dealership (also in Virginia) they had a damn 6k "Market adjustment fee". A 2k inventory something fee and another multi thousand dollar delivery fee.. these people are absolute thieves.
I like how manufacturers are finally putting out good budget performance cars and then the dealers just get to remove the budget part entirely.
even more funny that dealers scheme was to prevent this exact thing (among others) from manufacturers xD
And how ford is trying to make an affordable pickup and dealers ruined it. Seriously a decent spec F-150 is ridiculous now.
They’re going to kill the new GR Corolla like they killed the fiesta st. I hate Stealerships. We need to end them already.
@@angelgjr1999 they’re useless. Just middle men to pocket money. Nothing else
I just want a use MK7 GTI, that's all I want. They were going for low 10s pre pandemic, now they're pushing 20k. This is pretty sad. I guess I'll have my E90 for another 10 years.
The problem isn't just the dealers... it's the idiots who buy the cars for these prices. Unless your car is disabled there's no good reason to pay these stupid prices... be patient and maybe the prices will go back to not being dumb af.
Those idiots ruin it for everyone. The sneaker game has been a joke for almost as long as I have been in it because people can make a living off buying a limited 300€ shoe and sell it for 1200€ easily. Rich people are really bad with their money because they can afford it, unfortunately.
Unfortunately we live in a world where Blac Chyna and the Kardashians are cultural trend setters... The campaign to keep people stupid, docile and apathetic is working a treat.
Exactly, they probably never got their money through hard work, so they have no value for money.
Rich people really don't understand cars and their value. Take the prince of Brunei for example, bought millions of rare care and just left them to rot while that's one less car for someone who works hard to get their dream car. Even the 90's JDM cars are so expensive now.
They will the bubbles going to pop and they're going to be absolutely begging you to buy everything you're seeing in the world is happening on purpose its all artificial
What's even crazier is that whoever bought that Hummer most likely left the dealer thinking they got the better deal since they negotiated $30k off
I love these videos. The prices are outrageous but the banter and reactions are amazing
There's a dealership near me selling a Bronco claiming its a 1 of 1 "custom spec" car for 104,000 USD... absolute insanity
I’ve been trying to get a bronco. But they are selling them for double their worth. It’s a f*cking Ford m! They are throwing out German luxury SUV prices. 60k-80k ? 😂😂🤣🤣.
Waiting for a bronco also but to order one. Don’t feel bad, better we don’t have one yet not just price but severe problems with hard tops and the 2.7L engine failing due to poor parts on valves
Well, car manufacturer always jacking up the price regardless on what condition we have right now. In my country, all cars that labeled as PREMIUM are taxed by another 200%, e.g. Mercedes C class lowest variation was cost 20k Euro in Germany, in here was about 60k Euro excluded transportation and On The Road fee (adding to almost 70k Euro).
More premium brand will be another tax included and you wont get premium cars unless you are either very rich or having successful career to buying it.
Luckily, common cars like Toyota, Honda and Suzuki are less affected by tax and affordable for most cars except if you go for high-end brand like Infiniti, Lexus and Acura, thats another story
$104k 😅 if O.J. hasn't driven it then nah, I'm cool 😅
one of one because they painted a bronco on it? lol
Electric Hummer: $315,000.
Jeremiah's face when he found out how much the dealer was charging for an electric hummer: *Priceless.*
Get a hummer for about 20 bucks on the south side if you know what I ... So I heard.
Not to mention when you looked at Seth Wadley's website, the Hummer was actually USED. Maybe it's just for 141 miles or 227 km, but the price is still insane even for a brand new car.
@@Rafaxel_27 I like how they came into terms on how outrageous their asking price was so they dropped the price for the reasonable 279k as of 04/30/2022.
Might as well buy a house with that kind of money
For that price can buy a Ferrari F8 and still have 50 grand left over
I love seeing car channels work together like this! As a fellow Ontario boy, I love the Throttlehouse guys! I actually live about 15 minutes away from BranTford (with a T not a D as written in the video) and I've driven by Munro Motors before. They've got some seriously nice cars for sale there. I was just looking on their website, and it looks like someone has purchased that corvette since this video was made. I don't see it there anymore. Anyway, well done Donut and Throttlehouse! Great stuff!
Oh I love collaboration content like this from popular CZcamsrs. Keep it up.
“We finally have cool jobs and still can’t afford cars”
As someone to got a VERY cool job in 2020, i FELT this one HARD
Felt this too. Hate hearing from the older co workers in my trade about how they’d spend their months check on hot rods or buying new trucks just loaded the flip out for next to nothing back in the 70’s and 80’s… here I am contemplating a 600$ payment I was quoted in a lease RAV4 😂 what the flip man
Imagine us with not so cool jobs . Just that much further away now
@@Heybrother69 Yeah, I'm finally in my dream job and cannot afford cars and houses anyway because everyone decided to go crazy. T_T
@@Heybrother69 I 100% feel that, and the worst part is a lot of those older guys just straight up don't believe you that things aren't as affordable now. The house that I own was built by my grandfather when he was the same age as me, on a single income and two kids with more on the way and they lived comfortably with new cars their entire lives. I paid less than half the average mortgage cost for my area because I bought the place from my grandmother and things are still tight with me and my wife both working full time. And to really put things in perspective the factory he worked at was bought out by a foreign company and shut down years ago.
@@jameswilson8907 it really sucks how all the money just got sent straight to the top and we're all still down here arguing about it
I’m at work watching this and when the RAV4 came up for nearly 100K I yelled “WHAT!?” turns out yelling like that in a cubicle area draws attention. Who knew.
That was entertaining AF, this needs to be a series.
The mack up are insane but the collaboration we all didn't think we needed is freaking awesome..
Throttlehouse James softly saying "and canadians" after Donut James' impassioned line about taking advantage of Americans is unironically also the most Canadian way to express that sentiment.
I watched this 2x and missed it timestamp?
@@janellycarrera712 James starts his mini rant/exposition at around 5:17. James' polite "and canadians" is at 5:36
😂😂😂😂
It's nowhere near as bad here. We can actually get cars close to their MSRP from dealers. Used cars are iffy, but new cars in Canada are not insane.
@@liferescripted yes. In Jamaica also quite insane.
I work for a car manufacturer and I've been looking at using my employee discount...with the current prices I can buy a mid spec one, put 30,000 miles on it and sell it for a profit. It's actually insane
Are you allowed to flip them like that?
@@roboticunclephil you have to keep them for a while but theoretically you can get them daily drive them and brake even 😭
I know someone who works for a large Ford dealership and is doing exactly that.
I told him at these prices, he should’ve ordered 2
How much is your discount ?
0:43
Finally! ive always wanted a live performance of my favorite song pop up headlights
A few dealerships are “selling” vehicles to brokers here in Austin Texas, who then resell the vehicle at a steep mark up, in order to avoid any repercussions from the manufacturer. It’s shady AF!
Yeah that's why nobody cares when a dealership goes under. What you described is just a way to keep their shady mark ups but blaming a third-party.
It reflects in the title though from what I can see. so its not truly a “new” car since the broker isnt a point of origin seller.
Dealers are getting away with this because people flush with cash seem to think it's a badge of honor to buy something thousands over MSRP. Careless spending has become the new way to flaunt wealth.
It's always been the case. But usually they just buy inherently more expensive vehicles to show the excessive unnecessary spending.. not wilfully get scammed and then brag about it, as they do now.
In short yeah, you're right.
Its ok. When the market dies down and they lose countless money we will win in the end
So you're just espousing 'assumptions?' Do you really know the intent of every car buyer? From a dealer friend, car sales are down across the board, no one is buying them.
And if you complain you're automatically labeled as broke. Just like the idiots paying 8k and above for 90s Toyota trucks because reliable, never mind that it's rusted to shit and has been sitting for years.
My Aunt is rich and when I was a kid I went hat shopping with her, she just asked for the most expensive.
This game should be played as over/under. The team who wins the previous round guesses a price and the other team says either over or under
That or remove the price is right rule portion. Just get closer.
@@NateBee yeah that's what I commented. The price is right rule destroys the fun of WHY they are guessing a certain number.
@@nickpurdy69 I think that is an incorrect way of saying it. I would say it moves the fun from that _why_ factor, into a competition between the people/teams playing it, in a method that is very related to capitalism..... undercutting the competition. Which is why Price Is Right rules are fun, because they are actively playing against each other, which anyone on earth can relate to without any knowledge of what they are actually trying to guess the price on.
@@whyjnot420 if one team says 40k then it's just a game of higher or lower. That's it. I'd rather hear WHY they think it should be 40k or why one team thinks it should be 45k because of the area, car, miles etc...
@@nickpurdy69 Personally I think that kind of stuff is better when it is more focused on the topic, regardless if it is delivered in a funny or serious manner.
*Why* dealerships are doing what they are doing, or at least why they think they are doing it, is certainly worthy of exploration. But given that it really is a serious topic. Keeping the focus on it, by not using a gameshow format in the first place, would imo be more effective.
Thinking about things, perhaps this should have been done in a two part format. One part as it was done here, with the game show. Then another focused on the events in the real world. Delivered with the snark common to Donut videos.
Maybe there is a disconnect here worthy of note though: These are car people talking about cars. The Price Is Right works as a game show as well as it does, because it is everyday people rather than people who have (at least somewhat) detailed knowledge about what they are bidding on. But at the same time, I can see why someone could argue that this makes it even better here.
Regardless, on the objective side of things, calling out the dealerships until they stop doing this BS is what is really important. One way or another.
I live near Bloomington IL where Rivians are made. It use to be a different plant and they changed the road name to rivian motorway and everything. Plenty of regular people over here have the R1T. My neighbor is the guy over the only certified auto body shop allowed to work on them too so good luck to anybody who lives in Nebraska and hits a deer or something.
I think that’s why they are keeping things local, because the resources for the things are local as well
Local Porsche dealer in Mass has a 2022 911 GT3 manual for sale. The msrp is about 205K and then there is a dealer fee of $120,000, for a grand total of $325,000, basically a 50% markup
I feel like from now on the guessers should have to write their answers on a dry erase board and then reveal them simultaneously. Also I think we should just do away with the price is right rules and whoever is closest to the price wins that round.
💯
I do agree I want to know their honest thoughts on the price, not the strategy to win the game
I agree the format should be fixed to avoid cheap tactics.
The issue with revealing at the same time is that then they can't discuss their thought process openly.
Taking turns with minimum raises might work better.
That would make the game more fair, but their goal isn't to make a fair game, their goal is to make an entertaining video
i think whoever is closest should win, or maybe be like "you have to be within 10k on the price to get it right"
I LOVE this colab, my two favorite car youtubers!
Idea for this game though (which I love). Price of right rules are BS. I would suggest calculating the difference from the actual value as a "total dollar amount off" score.
czcams.com/video/y6xtrMmR6cI/video.html it's finally here
@@blautens House rules are ALWAYS Price is Right rules.
It's the American way.
Teams take turns setting a line and the other team gets to pick over or under!
@@konsta3000 This would also be good!
I think a better way is one team chooses a price and the other has to guess over/under. Alternate which team guesses each round.
Didn't think I would need this collab, props to Donut video was amazing!!
The throttlehouse guys are awesome. Probably the best youtube channel for car reviews.
They need to call out these dealerships and make a mockery of them for being ridiculous. They wonder why people don’t like dealerships…🤔
Do you know what the "S" in MSRP means?
@@nosteponsnek2617 The problem with that statement is that most dealerships have deals with the manufacturer to not mark up the vehicles beyond a certain point. But they are going behind the manufacturers backs and doing it anyway. That and many dealerships are actually breaking the law. For example under California law dealerships are not allowed to sell a vehicle for more than the listed price (on their websites for example) but when people come in they are hit with markups which is illegal since it’s over the listed price. I haven’t heard of any lawsuits yet but I’m sure they will be trickling in soon.
@@nosteponsnek2617 dealerships are scum and should not exist in the modern world.
@@nosteponsnek2617 found the dealership crony
@@19RD88 Yes that is misleading and illegal but selling for over MSRP is not illegal at all if its advertised that way. Clearly these cars in the video are advertised as such so im not sure why you would mention that.
The D List is becoming so entertaininng when they have multiple hosts … loving it ❤️🔥 inspiring for us creators as always 💯
czcams.com/video/y6xtrMmR6cI/video.html it's finally here
They need more guests like race drivers and mangers engineers and all that stuff xx
@@conormctee3942 that would be sick af 🔥
There are too many "creators" lol
This collab is everything we needed 🙌🏾
we need more of this crossover types!!!! loved Throttle Donut
If the car makers don't do something soon to penalize these shady dealers, it's going to affect their brand.
Too late. Look at the Focus and Type R.
@@Shankmeyster Ya, Type R ruined my feelings towards Honda and the Honda dealers in my city.
The focus isn’t even relevant now. It was discontinued before this madness even started.
And the focus being a flop cuz the dealers didn’t affect the brand
Ford is getting rid of dealers because fo this soon
And people wonder why they simply want to buy directly from the manufacturer. Dealerships are crooks.
Oh my God. I gotta get rich and afford these. Haha
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@Richard Perkins Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.
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There’s a 2020 Grand Cherokee across the street at a Toyota dealership in Wisconsin and the list price is $80,000 with 20,000 mi
I’m actually a car salesman and a devoted subscriber to this channel. I work at a pretty large dealership in northern Louisiana. Our dealership refuses to price gouge, even though almost everyone else around us is. A lot of the issue here is other dealers are having issues getting vehicles, so they mark their current ones up to keep their profits close to the same.
Yeah, unless you can stop paying rent on your lot and fire all your employees you have costs to cover
I’m ok with some markup because if you have no cars I get but charge 1.5k max dealers used to always discount cars literally I would buy and they would discount them by 1-4K lol they barely made profits they made them in finace but now all of a sudden they need to charge way more come on
@@miracleman8022 yeah, we are a large enough dealership so we have a little bit more inventory than most. We are still discounting our vehicles a little bit.
I have a lot of respect for your dealership for not price gouging!!
@@lonyo5377 exactly, it’s amazing how many people don’t understand basic supply and demand. While I agree I personally wouldn’t pay these ridiculous prices, I’m not going to ridicule dealerships for doing what they need to do. Unlike a lot of other industries, cars are very price elastic, which is why normally you can negotiate and get reductions in price. Unfortunately, that also works in the other direction when supply is difficult to secure, irregular, or scarce.
We actually live 30min from the Hummer EV. My wife looked up the price as we drove by, when it was still set over 300k, and we had a little challenge with everyone in the truck on the price. Non of us were even close to guessing it. That dealership list vehicles for outrageous prices all the time.
They want 140 for a new corvette and 130 for a raptor with the Baja kit, also saw a very mid range expedition there for 85 k smh
I hope they are not selling a single car.
I’m subscribed to both of these channels and never miss a video from both of them.
Enjoyed this collab. Don't think I've ever had a video I enjoyed so much that left me so infuriated.
Loved the Throttle House collab Man
just do it more often......love you guys
czcams.com/video/y6xtrMmR6cI/video.html it's finally here
This is how this show should go. Having Guest car people deciding as a team with y’all. Great video. Very funny
Me too love this one, Tommy. 👍
Ordered a Jeep fully loaded, all options, safety included on February 10th. Was built and delivered in 8 weeks from the factory. Paid below MSRP and the dealer threw in some add ons for free. Great dealer, good vehicle, no delays….Yes it is not invoice like we used to get, but I’m happy and got 100% of what I wanted.
Glad to see these collabs. You need to do a serious "public service announcement" to the public to stop buying these things throwing money away, and/or a an open letter to manufacturers to stop this. One massive collab with you, TH again, Savage Geese, Cammisa, Pobst, Lago, etc... Call them out. Big time. Call out these manufacturers doing nothing but empty threats and posturing.
my two favorite car CZcams channels. I’m in car heaven… and you guys made a legitimately GOOD episode? Lets gooo
czcams.com/video/y6xtrMmR6cI/video.html it's finally here
Ikr!!!
Same I was super hyped bout this.
Every episode is legitimately good
@@kountstakula232 but not every CZcams collab is good
I wish there was like a petition to all major car brands to finally do something about these price gouging A-holes!! I have never needed a car more in my life and of course all this happens when I was ready to get one... it's disgusting and honestly really depressing .. like REALLY depressing!
Good luck with that dealerships have laws protecting them if it was up to companies you could use coupons to buy their cars or recycle your cars
unfortunately not much they can do because of laws that protect dealerships
Just ride a bike bro or teleport everywhere
@@thanosianthemadtitanic ok thanos
Manufacturers should start selling direct without dealerships. People are becoming more and more comfortable with buying vehicles sight unseen.
I really lucked out buying my 99’ F150 XLT for 4 grand this year. 143,000 miles on the original motor and needed some work, but very well taken care of. I’ll be driving it for the foreseeable future since the truck market is only getting worse.
I saw the Rivian pickup in my town in CT last week actually. It was pretty cool looking in that stone blue color.
The reaction of Jeremiah when he found out the original price the dealer posted the Hummer EV for 🤣🤣🤣
Basically the same reaction I had. Absolutely criminal.
Man, these dealer markups are insane. Gotta hope my junky escape survives through this insanity.
my G35 is on the fritz again too and i pray to jesus that the new nissan z won't have a gallardo price tag when it comes out. the supra didnt, which are one of my choices
But nobody’s complaining when it’s the other way around and try and squize every last dollar out of the dealerships.
@@Mark-vn7et “oh no! someone think of the suits!!”
@@Mark-vn7et Lol who cares about them? They’re lying thieves. I vote we get rid of dealerships altogether.
@@Mark-vn7et Let me get out the world's smallest violin and play a sad song for them
Ironically I saw a Rivian RT1 (Blue) and a Lucid Air a few weeks in the Cleveland area leaving the county airport. I’m not sure about the Rivian but the Lucid had plates on it already.
2:05 ok Charlie. WILDCARD BABY!
i was hoping this would never end. my two favourite car channels finally coming together. dreams really do come true
Same 😭
I bought a full-size Bronco back in Nov. ‘21 for MSRP. Crazy to consider buying at MSRP as lucky.
Sell it for profit LOL:)
@@juzoli there would be no profit he would have to get another car that’s over priced
Got my 22 2dr base bronco for MSRP on March 12. I do feel lucky. Waited over a year and a half after I reserved it.
czcams.com/video/y6xtrMmR6cI/video.html it's finally here
I got my Wildtrak MSRP, they had a BASE model listed for more then mine when I picked it up lol.
Funny thing about the rivian trucks i actually spotted one driving in person with plates 2 days ago
This was a fantastic crossover episode. Car Throttle is great! I hope you guys do more shows together
Aren’t there “price gauging” laws in the US? I know companies have been charged in the past. Why are dealerships getting a pass?
It's "gouging", and there shouldn't be any such laws. But where there are, it relates to natural disasters, etc. The car manufacturer _cannot_ set the selling price of the car under most agreements. Wanna kiss any discounts goodbye?
Yeah and they're actually pretty short sighted. Price is set as a response to supply and demand. Demand is super high right now and supply is super poor. If the price didn't go up at the dealerships, you'd have people buying these and then reselling them at the same or worse mark-up.
@@brianwright9514 yeah but atleast you could still get it for a reasonable price at a dealership if one were to pop up what people actually sell it for (or list it for) when privately selling has nothing to do with this
The price gouging laws only protect human necessities such as food, gas, utilities, etc. Cars are not a necessity technically, but maybe they should be.
@@user-bt8xr5si9y dude that went way over your head didn't it?
“We finally have cool jobs and we still can’t afford cars” I felt that.
a bicycle would build character .
💯💯💯
I was looking into the rav4 prime for a plug-in hybrid, but the dealership prices pushed me to the bmw 530e because they actually sell at MSRP.
I get the RAV4 Primes are really hard to get right now but even $10k over is super painful.
Think about huge chains like lithia motors. They own many different dealership groups and do wild markups. You go across town to get a reasonable deal and they own that one too.
I don't know what to feel when I watch these, I'm going from guessing crazy numbers, to being dumbfounded at the actual price, to getting sad that they actually cost that much.
Build back better my friend!
Let’s go Brandon !
People get all upset at the dealers for charging these prices but you 100% have to be angry at the people buying them as well. If people weren’t willing to pay for them they wouldn’t sell them. This has always been the case. Supply and demand leads the way. People go nuts on exclusivity and are happy to pay for it. Also I feel really sorry for these people paying these inflated prices because they are going to be stuck with the payment on a vehicle worth a fraction of what they paid when this bubble pops.
No point getting angry at stupid. If someone is dumb enough to pay 3X sticker price for an exponentially depreciating asset, then I say let them burn their money. Who we all should be mad at is the FED, for printing trillions of dollars we didn't need and causing inflation to rise to the levels not seen since the 70's and 80's.
@@powertothesheeple5422 100% agree with you. It’s insane yes but if people didn’t do it it wouldn’t be happening. Same thing with the housing market. It’s just as outrageous. The bubble is bigger than it’s been in decades and when it pops it’s going to be very VERY rough.
It's the same on the bottom end with labor too. Consumers blindly pay the least amount of money for products even if it means buying from companies who exploit their workers to no end, and some even try to justify not tipping service industry workers when they aren't willing to support ethical businesses that paid fair wages, when their consumers choices drove ethics out of any businesses. This is what happens when people want to take advantage of capitalism for their own gains but want none of the responsibilities on either side. The people that need these cars the most are the ones that need to commute to their exploitative workplaces, while the wealthier work from home folks are comfortably paying the inflated prices for a toy.
@@Agent_Missouri dont feel bad for those people who pay way too much. Most of the time they only do such stupid things with money cause they have plenty of it so they don't care.
@@Agent_Missouri Agreed.... But there will always, always be people wiling to pay whatever price for something - Apple knows this all too well. In this specific instance it has no bearing on me since I will likely never buy a new vehicle due to their instant depreciation. I am willing to bet that EV's will depreciate even more than ICE vehicles since the technology will be ever increasing and batteries degrade with usage regardless of how you maintain them.
On the same day I bought a new Odyssey EX-L in January, a 3 year old low mileage Oddysey EX-L was $6k more expensive at a different dealership. That's with the $3k bump I paid over the MSRP.
I live in Oklahoma and 90% sure I just saw that hummer ev on a rollback being transported the other day. Seth Wadley is the same dealership that's always shown on Joe Exotics hat.
I find it really interesting that all of the vehicles being sold in the U.S. had insane mark ups, and even though they were used, the ones from the UK and Canada barely had any mark up at all.
Used cars should be FAR cheaper than msrp tho
I live in Canada and it's just as bad here, they just found a good one
Because it’s a fake market price the dealers (new and used) made themselves so that everyone raises their prices.
@@jackp8022 I don’t know about all provinces. But I know in some you’re not allowed to sell it above MSRP anymore
@@evangauthier4444 that's not Ontario lmao, one of my friends told me a dealership in my city was trying to sell a bronco for $120k
Donut Media always puts a smile on my face. Much needed in these crazy times. Love you guys.
I was buying a car last summer, and I was hearing that things would start getting back to normal in early 2022. Guess not! I paid the retail sticker price, more or less, at a dealership with just a handful of cars on the lot. Guess it wasn’t such a bad deal
I bought 2021 Toyota Highlander xle Aw two years ago for around $43k & im glad I bought ….now it’s probably around $50-55k ….
Love the throttle house collab keep such content coming
I work for a dealer that hasn't done anything shady since the auto industry issues, and this is so entertaining to watch. Cannot believe anyone does business with places like these.
I'm looking at the new electric trucks that will be coming out thinking oh I have 60k to drop on a new electric truck but after watching this I don't think that will happen anymore I wish Car manufacturers would just sell direct.
Lmao you obviously aren't in sales
@@AlexM-fq5nb I am actually lol
@@maximilianzucchini1722 lmao then youre a green pea with no friends at other dealers bc I'd be salty af if i was the only one not making hella money 😂🤡
Dealerships have been wack for years. They lobby to have exclusive rights to sales so they can control the prices and make money. Wish they would do away with those laws and sell directly to the people and cut dealerships grubby little mits out of it all together. Dealerships are so predatory it’s unbelievable
Check out Fortnine, he has a video about dealerships and their role. It is for motorcycles but i think it also applies to cars. I agree most dealships suck but it seems like they won’t be going anywhere anytime soon.
Haven’t even started the vid but I love this collaboration, ya should do it again please and thank you
Loved Jerry’s face at the end, but in all seriousness, it’s insane how the dealerships are charging so much for a car, and you can even see how insane it is compared to the corvette sold in canada and the yaris in the UK
The corvette one got me. I was sure that was over 100k USD because the ones I looked at in 2021 were 30k miles and over 75k 😭 for a damn stingray. Not even a Grand Sport
I love the energy is this one, having multiple hosts makes it very enjoyable. Keep it up Donut!!
You are terrible are reading a room. I'm guessing ur being sarcastic.
The irony of dealerships, is that they were supposed to be on the consumers side.
Since when? Dealerships have always been a shady business. The more wealthy the dealership is, the more they screw over their customers. Look at Audi dealerships. Charging $200 just for a diagnosis of a problem.
this collab makes me so happy
Wow that Rav-4 blew my mind! And here I though dealerships in Puerto Rico where abusive with prices. I went to see a 2022 Elantra N manual transmission selling for 44k where the MSRP is like 33k.
Keep calling these dealerships out! Share and reshare on social media. Hope shoppers just walk away and make these dealers rethink
14:52
James: "Tie breaker? It's like Red Bull and Mercedes, dude!"
I have sad news for you.
This was awesome. Please do more of these types of videos
Awesome collaboration keep it up!!!
5:39 such a wild but true fact. Big ol suv fast AF boi!
Ive seen a Rivian in the wild, Amherst Massachusetts area, plate read, "cybrrrr" is amazing... Trucks so fucking beautiful.
Mazda dealerships are the only ones not marking up in my area, don’t know if that means they’re hurting for sales, just moving a lot of inventory while also gaining goodwill or if corporate is keeping them in check.
I work for Mazda, it's mostly just the culture within the dealership networks that encourage taking care of the customer from day one. We are one of the smallest manufacturers in the world and cannot afford to swindle the Goodwill of the customer base we've taken decades to cultivate, to make some quick bucks now. We are struggling to sell cars because we are struggling to even get any from overseas. Even then we will not take advantage of the people buying cars now!
I am a Mazda sales representative and we do not believe that is a good business practice for earning your business in the long run. When those people go to trade their vehicles next time and the market goes back down, they will be so upside-down and there will not be a way of getting out of that car.
@@MegaAmazing19 and we are moving a LOT of inventory.
@@dontewheeler8843 I am based in the Pacific Northwest so I'm not sure how it is in your area, but new cars are few and far between this way 😕
@@MegaAmazing19 we are already seeing a trend again of being very low on new cars. Per the meeting this past Friday, we are bound to run out of new inventory in June if this pace keeps up. I'm in the southeast.
2 of my favorite car channels in one. So awesome
Yeah unfortunately I got hit with that dealer markup on my Veloster N... lowest price around was 10k over msrp and they refused to budge at all.
As a recommendation to avoid the whole $1 over tactic, you could require guesses in increments of 2,000 or 5,000 and allow teams to update their guess after the other team guesses. That should remove the unfairness of guessing first while keeping the game open and exciting.
Lots of fun to watch, and I'm delighted to see Thomas and James make an appearance! Keep it coming!
No one cares, there are no prizes, it's just for fun
Or just have them write it down on a whiteboard
Or go by within 20% of the price
What no way dude? That's part of the fun!
Ya, like one dude will guess 20k, another would guess 51k, and the real number was 50500
In Australia, the MSRP for the new Suzuki Jimny is supposed to be at AU$20,990 to AU$29,990. But dealers are selling the new Jimny at over AU$40,000 due to high demand and shortages.
Here in my country they sell for $25k
there is a Honda dealership in Raleigh seling a 2021 used 4 door bronco mid level for as they said low price of $98,500
I just saw 2 or 3 tractor trailers with rivians as I was driving through Wyoming and Nebraska...
THIS was a great episode. The chemistry between everyone was legit!
As a Canadian who loves Throttle House, I hope this collaboration happens again and again!
I live in Ontario, Canada....and the city the corvette was in is Brantford not Brandford
Brantford, Ontario famous people:
Alexander Graham Bell
Wayne Gretzky
Phil Hartman
Wayne Gretzky
I went to the Acura dealership
They had MdX type s for $95,000, and the MSRP online was around $70,000
Loved your collab with Throttle House!