Are Dealers Really FLOODED with New Trucks They Can't Sell?
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- čas přidán 12. 01. 2024
- ( www.alltfl.com/ ) Check out our new spot to find ALL our content, from news to videos and our podcasts! Welcome back to TFL Talkin' Trucks podcast! In this episode, Andre and Nathan talk a walk around two dealers and talk about the current state of the pickup truck industry on the lots.
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#truck #inventory #crisis - Auta a dopravní prostředky
Great show format on this video walk and talk good job guys 👍👍🇺🇸🇺🇸
Glad you enjoyed it
What's considered a too big of truck payment in your opinion?
@TFLtalk
As usual, you are a 'day late and a dollar short' on this auto/dealership problem. CarEdge, Car Questions Answered, Lucky Lopez, The Ben Hardy Show, Everyman Driver, Motor Feed, TK's Garage have ALL covered this MONTHS AGO. Plus, most of you TFL guys aren't true truck guys [Roman & Tommy] and do not know what you're talking about in regards to trucks and 4x4 SUVs.
Facts
If they didn’t make people buy electric cars and trucks then people would be a little more open to the idea. It’s how capitalism works…
being a slave to huge car payments is the straightest path to living paycheck to paycheck
Agreed my wife keeps sending me 60,000+ dollar trucks that are just over base models. Ya no thanks
Paying off my truck in 3 weeks and that will be the first time in 10 years I won’t have a truck payment. Also paying off the wife’s crv
This comment was screenshot by Google and sent to me as if it was mine.
20 Taco is paid off so I am not into throwing away $1k a month
Truck prices have doubled to tripled in the last 3 years, I don't know of anyone who has done the same with their salary, insane pricing
Does anyone else hope that dealers end up losing big time with tons of unsold vehicles on their lots for months as payback for gauging everyone for with ridiculous mark ups the last few years.
Yes, but us taxpayers will be paying the bill in the end. BAILOUT.
And the manufacturers will be "forced" to help and take the heat
So you're saying they gauged how much they could gouge us?
Can't gouge the willing. I opted to not buy, along with many more millions of my fellow math aware Americans
And you can thank us for the coming price drops. It just takes time
Absolutely
$81k for a Ram 1500 Rebel 😂😂
Let’m rot!
The vast majority of GMC pickups in my state from LAST year are still going for a whopping $41-45K. I give up. I'll hang onto my '16 VW. It still gets 30 mpg and the stealerships won't negotiate. I hope a lot of them go under. They deserve it.
@@largol33t12 stealerships should be federally outlawed. They add zero value to the car buying process, use extremely predatory sales tactics, and forget you exist as soon as you drive off the lot.
That was a 2500, but yeah let them rot lol 😅
@@mavricxx check that again. The Rebel they look at 6:10 is most definitely a 1500 and the sticker is $81k
You can buy a loaded 7.3 F250 tremor lariat for that. Crazy.
Price gouging by dealers during the pandemic completely destroyed their reputation and it was already bad - two years of gain for long-term pain. More importantly though, a lot of people with half-decent vehicles were forced to hold onto their vehicles longer than they normally would (e.g. 3 year leases) and it has reset peoples perceptions regarding vehicle longevity. We would have bought/leased two vehicles during the pandemic, but we ended up keeping/buying out our 2013 Explorer and 2018 Volvo. Both are under 100,000 miles and running fine - my intention now is to drive the wheels off them - there's just nothing that interests me at current prices and there's no chance of casually browsing a dealer lot because I can't stand them.
You had a 5-6 year explorer lease wtf
@@mddunlap03 lol no. We kept the 2013 Ford Explorer which we owned outright (we bought it as a CPO in 2018 and oiginally planned to keep it for about 3 years) and we had a leased Volvo which expired in 2021. We were way under mileage and during Covid prices had spiked so we just bought out the lease. The original plan back in 2018 when we took on both vehicles was to hold them for 3 years and then upgrade, but the rest is history. Honestly, it's changed my attitude towards cars and I think that probably goes for a lot of people.
Both houses & cars have become too expensive for most Americans these days, most especially for single people and/or single-income households. Even a lot of 2 income households can't afford them.
The industry has driven prices too high for most families. The solution is for prices to align with family budgets, even if it means a market correction. The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on the govt.
What if you don't know how to trade any of these? I mean, see your point some people have the money and are willing to invest, the question is where to.
Finding an affordable truck is like finding $5 Blackjack game. Once abundant in its day, now becoming a myth.
Maverick, Ranger, Canyon, Colorado, Tacoma, …
@@tangoESPECIALHe was talking about a truck, not a toy.
@@tangoESPECIAL those aren’t trucks
@@tangoESPECIALThose trucks, if you get them in 4 door are pushing mid 30s which is crazy that’s just the 4 door work trucks.
@@tangoESPECIALcan't fit adults in the back seats.
RAM trucks are overflowing in the US and Canada. Most Dealers still have 2022's. RAM have overpriced themselves out of the market.
RAM is trying to be the mercedez of trucks
Ram hasn’t redesigned their HD truck fully in 15 years. Yet they want 100k for a diesel 2500 with leather seats.
Which is funny because 7ish years ago, they were priced below GM/Ford.
Its not just RAM. Ford has done the same thing.
They love their trucks more than we do. So just let them keep them. 😂
I could care less about the dealers. Most of them have been nothing short of greedy the past 4 years. They’ve stole peoples custom orders, gouged on market adjustments and done quite a bit of shady business. This is what happens when you have manipulated the market like has been done. It’s going to hurt for them.
Couldn't care less - not could care less
A year ago we went in to a VW dealer to talk to the salesmen that sold my son's car. I was wondering how he made out during the pandemic, assuming he suffered a little. Well, no, he went on to say how he had his best months and they had no problems in fact kind of bragging about it. These dealers are greedy as hexx and let them rot.
I sold my newer truck as I couldn't justify $70k for a truck I want to "use"... I bought a used PG&E Fleet '13 GMC 2500HD 4x with a 6.0 gas.... I LOVE it! I paid $13k cash, threw on a used shell, Rhinolined the entire truck and drive it off road without freaking out about scratches or hard use...
Sounds like a real pile of 🤔
That's the way to do it! A truck is for work and not for hauling around throw pillows
@@atg1338 Yeah, it just drove down to Bay of L.A. in Baja pulling a 20 ft Australian off road trailer and pulling the trailer on desolate beaches... Enjoy you truck payment!
@@hankgs sorry i don't do truck payments.... sorry you only had $13,000 in cash.... some of us can afford to pay cash for things. Things that cost more then 13k
@@atg1338 Nice RIMS homey... How many Covid checks and EBT Cards did you sell...? LMAO!
My local Ford dealer has about 100 F-150, 20 Rangers, 3 Mustangs, and no Mavericks or SUVs on the lot. Full-sized trucks are just too expensive, nobody is buying them anymore. They even have huge stickers going down the entire side of the cab saying "$20,000 off" and that truck has been there for 2 months . They offered to buy my 2 year old maverick back for what I paid for it lol.
I was in north Texas over the holidays, tons of F150s on the lots, and quite a few 3/4 tons as well. Even Lightnings. Didn’t look for other models but I don’t recall many Mavericks or Rangers.
This dealer had No Ford Rangers at all!
Where is the dealership located?
Where is the dealership located?
Where is the dealership located?
I never thought I would live long enough to hear someone call a low 60's pick up truck the affordable option. Has everyone lost their minds?
I ask myself that everytime I look at prices. One day maybe but between interest rates and pricing I’m out. I’ll take the early 2k heavy duty trucks over the stuff they have now. Good luck wrenching on your 100k rig when it breaks down
You sir have some common sense! Hard to find in todays world!
I make a really good living and I have no idea how to afford a 1k per month car payment, plus pay my bills, and try to save money for retirement while also trying to pay off my house sometime before I retire. These people must be multi millionaires!
@@hokie9910 would be hard to say. As we do not know your D to I. If you have low or no debt... then I could see a 1k payment with nothing down. Also depends on how much you pay on the house and how much you make. Really it all depends lol
@@FocusedHands I don’t think anyone gets ahead by having 1k a month car payments for their adult life.
They can only raise the price of these trucks so much until people just don't buy many more
They have already made sure of that. They only want the wealthiest of people and businesses to have a truck.
i love how realistic nathan is
andre tries to give a positive corporate friendly spin but it gets tiring
Truth. Stellantis shot themselves in the foot by raising their prices by 48% in last three years while not restyling or even updating their old and aging cars and trucks.
Yeah I believe they try to force narratives, like EV, and we are just not buying it.
Andre is a goof and very arrogant in a nonchalant way but yes, I hope dealerships go under and choke on their own stupidity as I’m out, I won’t buy another new or used after paying off my 4th Gen I’ll keep it til end
Andre loves to hear himself talk.
Im sure hes this way to try and keep a healthy relationship with the manufacturers.
Still hard to fathom a truck that cost $87K. It would take a business to write one off against to make it affordable.
Nope, that's doesn't even make financial sense right now. A good friend of mine owns an electrician company, and they are foregoing buying any new inventory because of 1) current prices and 2) current finance rates.
Exactly, with the $28k 6,000lb tax credit, these trucks only make sense as a business purchase with the big writeoff.
Spending 87k to save 15k in taxes is idiotic at best.
Most pickups in my state START at a whopping $41,000 for GM. Ridiculous. And they don't even give you nice wheels with them or power leather seats.
Current Finance rates are normal. The Historic Lows are gone. People borrowing way above their means. Savers getting .01 % for 10-15 years was a JOKE. If you want to borrow my $80.000 to buy a truck, I want 5.25% return on my money. The FED printing money out of thin air causes massive inflation. Sadly, many under 45 years old don't understand economics. @@Mike-In-O-Town
What baffles me, a CDL trucker, is seeing pickups close to the price of some rigs. Ridiculous!
What rig is 100k
@@bobufo5729you can buy many used 2023 trucks below or at 100k. Imagine choosing between a ford raptor or trx and a semi
Price of a tractor nothing really fancy is 280gs where is that close to the price of a pickup ??? We have Petes that are not the high end cabs and this is what we pay for them now.
6:18 - This was the perfect response to why there are so many trucks and vehicles left over. When you're paying, after taxes and fees, almost 100 grand for a half-ton truck, people can't stomach that. The prices of vehicles have gotten to the point where you have to mortgage the damn things. We got told, by a dealership, they have a couple banks financing for 12 years!!! The banks are making out like bandits here. Costs of vehicles have gotten out of hand when you can buy a HD truck that costs more than twice the average person's salary. This has caused the used market to lose it's mind as well. $40k + for used trucks with over 150k miles. They're plain worn the F out and you gotta finance them like a new vehicle. It's truly disgusting.
Good car salesman talk, everything they looked at should be realistically 20,000 off for the dealers to sell this metal.
Probably. I'd believe it. I'm not purchasing a new truck that I'll have to pay over $1,150 a month for.... not including insurance. Prices still kinda crazy. Very big thank you to @TFLtalk for keeping us all in the loop! #1 in my book!
I was just going to say the same thing! My last brand new truck I purchased (21 F150 xlt) was 52k out the door with 2% interest. New trucks now are just so dang expensive that I will probably never buy a brand new truck in the future, I’m fine driving a 3 or 4 year old truck to save 40% off the price.
For one prices are not dropping and will not. Two build out a 2000 truck and price the same trim today adjust for inflation the truck is about the same price. Thus prices will not drop. What are you financing at $1150 a month? A Raptor?
@@davidporter7051 2024 chevy silverado 2500 gas custom work truck... just priced out 5 of them all over that $1,150 a month... local dealers.
Kinda?!
@@davidporter7051lol a 1150 payment is good for a 67k truck with 10% down which is basically middle of the road trim level wise. It’s been a minute since you’ve purchased a truck huh?
In my opinion trucks are 25-30% overvalued on the sticker prices at the moment. The manufacturers are going to take as long as the consumer is giving but it seems the consumers may be running out of fuel, once the credit cards start defaulting and the unemployment rate reaches 5% that is the time to strike. It will happen at some point nobody really knows when.
Ironically, the UAW said they were paid 25% under value. Now those trucks will be 50% over valued.
@@adamtbrady You are talking out of your ass. The pay raise if it was just added to msrp of the vehicles would be around $1k, hardly a huge mark up.
@@ferretsmiles prices would still be lower. That 25% woont be much when sales are zero.
Lighten up Francis
@@adamtbrady what 25% the 25% that this guy got out of nowhere or what the UAW was underpaid.
@@ferretsmiles it must have been the 25% out of nowhere since no one was being underpaid for the job they performed.
Saying that the truck inventory will turn over in a week is pretty optimistic. According to December '23 numbers, the F-series in total had 88 days supply of inventory. Which means that the trucks are sitting on lots.
a report i heard was as of 1/2/2024 there was 93000 2023 ford f150 left
This Ford dealership told us that the more expensive Platinum and King Ranch versions of the F-series are selling way quicker than some more basic ones that you see in this video.
Beat me to it.
@@TFLtalk That makes perfect sense, the people with lots of cash on hand and don't have to worry about interest rates are the people still buying and they want the top trims.
That because the people that can afford a $60k truck are more likely to be “well off” in the first place so they buy the top trims. The average person can’t even afford a low model trim.
The prices are just depressing to hear.... just insane. I'll be driving my truck till it falls apart.. then I'll probably have to get a used vehicle. Don't think Ill ever buy a new truck again.
When a vehicle costs almost as much as a house you have to be a complete idiot to buy it. People are starting to figure that out soon hopefully the dealerships will figure that out too
I got a postcard from my GMC dealer saying they’d give me $23k for my garage kept 2017 Sierra slt. So for it and another $40-50k I can swap it out for a truck that won’t do anything better for me and that I’ll have to worry about more and pay higher insurance on. F that.
I’ll have way more fun making memories on my dirtbike, snow skiing, and fishing in the keys with that money.
Good show. I find it interesting that over half of my friends including myself have decided to pay off vehicles from 2015s to 2017s and keep them. For many years it was common for us to get new ones after about 5 or 6 years. I get that you’re saying the market inventory is not overflowing. I’m sure not buying at these prices especially with interest rates. This is not due to being able to afford it, I just think they are way overpriced. Just my two cents. Thanks again
If you could AFFORD it the payment amount wouldn’t be a problem… being able to make the payment doesn’t mean the price is AFFORDABLE. Everyone can make a payment and get into a new vehicle it’s just a matter of what they will or will not pay for . If you can afford it the interest rate is irrelevant as is the price. You would still be trading as usual if you could “afford” it.
We choose not to pay for it... hows that?@@STEEL.AXL1
I live in Spring/Woodlands, Texas. My local Ford dealer, Planet Ford, has almost 600 F150s on the lot and will move them within 45 days. Every F150 is sold at invoice, which is typically $6K - $7K below sticker. I dont know why anyone would go to a "local" dealer to buy an F150 when they could go to one of the large dealers and get one for a LOT less.
Yep, and when that 8% finance rate rate drains their bank account(s), they'll either be begging the bank or finance company to take it back, or defaulting on the note. This is the worst time in 40 years to be buying a new vehicle. If you can wait to buy, do it.
Large volume dealers is def best place for best deal.
@@Mike-In-O-Town maybe if you are broke its a bad time. Otherwise this is a great time. Inventory is up and manufacturers want to move trucks. It isnt hard to get approved for 1-2% loans from manufacturers if you are getting a 2-3 year loan which you should instead of 5 or 6 year loans
@@ferretsmiles Found the car dealer.
@spceinvdr6603 if I was I would be trying to sell you on a 7 year loan with ungodly interest. It's not my fault that people got hooked on free money and expect to put the bare minimum down for a down payment.
I was planning on buying a new truck this year. But after searching and the best I can do 10.28% interest. My car which I bought about 17 months ago is at 3.94% percent. A similar priced truck that I was looking at is $952, which is a little over $300 increase to what im currently paying. My car is almost paid off, but I can't stomach paying an extra $300 more a month when the prices and term length are similar.
Just got a 72 month loan at 6.49%. Not a great rate by any means but it’s not 10%+
@@TheCarCrazyGuy
Yeah I've tried talking to some credit unions and some banks the best I've got was 10.28%. I can afford it but like I said earlier I wouldn't be able to stomach it. Especially knowing that my car is almost 7% less. Paying $950 a month is enough to just finance another house and put it up on VRBO or Airbnb or just rent the entire property out by a year by year basis. I can wait for a truck it's not a necessity at this point.
Oh sweet lord, why would you want go into that car payment when your vehicle is almost paid off?
@@geocam2 PREACH.
I can tell you the dealership I work at is filled to the brim with new rams, (all of them. 1500, 2500 and 3500.) There’s one other car that we have a significant fleet of, and that’s the new Dodge Hornet.
@nascardrawings7700 what is their plan to deal with this? Are they discounting or sticking to high prices?
@@LatersOnTheMenjay. the trucks are too expensive, and that’s just the msrp. A ram 1500 classic starts at 38k for a 15 YEAR OLD TRUCK. The current limited starts at 65k and I’m pretty sure it can be optioned out all the way to about 90k. Oh and that new 2025 Ram 1500? The tradesman will start at 42k, and that top of the line tungsten trim STARTS at 90k. I’ll be surprised if people really buy it.
The Dodge "Hornet" has been IRRELEVANT since it was introduced! No one is buying "low end" Italian cars or SUVs.
@nascar are Stellantis going to compensate with rebates? Incomes haven’t kept up with inflation and interest rates are high so nobody is going to be buying 50K “starter trucks” as they enter the workforce. I’m not sure who the market is for a 90K 1500 either - wealthy Texans?
I can't get interested or remotely excited about vehicles I can no longer afford. Your videos are close as I'll get to a dealership.
Unfortunately Ram doesn’t understand that the reason they sold so many trucks is because they were priced below Ford and Chevy and were still offering huge discounts on top of it. They thought because they passed Chevy for a minute they could price their trucks higher. $10 k more than prescamdemic is just stupid.
They had their lane……. And then they are straying
Bingo , Ram used to be a good bang for the buck, not so much anymore.
Agreed - Before Stallantis, I got a 2500 Cummins Lone Star Mega Cab with the blacked out package and 4x4 package stickers at $62k and OTD for around $56k. They were more no-nonsense back then but have lost their effing minds in recent years.
I ended up buying my Ranger lease out for these same reasons. Couldn't find a single new one and my buy out was "only" 26k.
Prices are going up but my pay stays the same.
I was looking at a Ranger a few months ago. It was a used 2023 with 20k miles on it. The dealer had it priced the same as a brand new one at MSRP. I’ve given up. I’m going to have to wait a year at least. Used trucks are too expensive. Plus, there are almost no new Mid size trucks on lots. No Rangers or Canyon/Colorados due to the strike stifling production and Toyota dealers are adding mark ups to their new model Tacomas.
These manufacturers have lost there mind. People say just get the basics because you don’t need all the fancy stuff. Ram is selling a 1500 in tradesman trim that has 4 doors, 4WD, and cloth seats for $49k MSRP. It’s supposed to be a working man’s truck. Who can afford that?
The dollar has lost 25% of its value since 2019. That $49k truck would've been at least $10k cheaper just based on the government destroying our currency.
You can't afford 50k?
@@atg1338 $50k is $830 a month for 72 months at todays interest rates. So no.
Nope. Mi neither 😮😮
@@atg1338you have to make 70k a year to afford a 50k vehicle.
Holy crap! That ram rebel is 30k more than what I bought for my 2020 rebel Back in November of 2020. My rebel was also fully loaded at the time. It was only missing the sun roof.
Vote demorat and the cost will double
Yeah we democrats make the prices go up🙄
@zionite…. Yes, friend, you do, indirectly through $tupid a$$ policies and legislation that cause inflation. If you don’t see that then you are either blinded by party loyalty or sorry to say, dum&.
@zionite24 yes you do through kindergarten fiscal policy
@@frankkeel8410 Vote Trumpf and the skies will be BLUER and the grass will be GREENER!
The only thing missing on those lots were customers.
After 2019, pretty much any vehicle at a dealership's are overpriced. Aka FCA is shooting themselves in the foot with insane mark ups like a Jeep wrangler in Canada new is over $50,000 then Ram trucks for a rebel or sport it's 75-80K and The most outrageous is the Chrysler Pacifica $70,000 for a minivan like why. I feel like they're gonna price themselves out of existence.
The scam is you can get a decent affordable truck at 42k but if you want seats n a steering wheel it's part of a package and then the truck will cost you 83k.
Doubt that…
@@phileasler5401 It was sarcasm (I think)...
@thejon…. That’s because you want an extremely unique truck. I mean, I don’t want “seats IN a steering wheel “. Usually, people want seats BEHIND the steering wheel.
@@is6566 You obviously don't get what I was saying and went over your head just forget it don't even bother replying. It just makes you look that much more stupid.
Thanks for dressing up for the videos, guys!
What can we do to get Andre in a car today? Offer it with cruise control...😂
Funny!
More like hilarious
The increase in the last couple years is crazy. My 2022 canyon at4 was 42k new . I know it’s the last year of an older model but still crazy.
A 2023 (LAST year's model!) TWO wheel drive Canyon is still over $42K in TX no matter where I look. I won't budge. I'm giving up on Gubm't Motors. They'll probably go running to Farting Joe for anoooother bailout...
Manufacturers assumed they could keep extending financing terms and people would bite. I remember when they started adding the 5th year of financing. It was unheard of to see auto financing past 4 years.
If you search for it then some community credit unions are offering 12-year terms now for any car new or used!
@@is6566 Yeah it's mind blowing, sure vehicles last longer now but that's nearly a mortgage term and payment, just insanity!
A 30k truck for 60k. The manufacturers won't "break" until 2025, but it is only a matter of time.
My money is on sales tanking further without the Hemi availability in these trucks. Bringing back the Hemi name in 2003 was one of the best decisions Chrysler ever made. Sad they let it all go to waste.
They can’t afford the epa fines to keep it
@@bobufo5729 They haven't updated hardly anything on the 5.7 Hemi platform since 2012. So to me it seems more like they just abandoned this platform long before the EPA screws turned.
@@TheVikingRL that’s true I guess it was always a ticking time bomb 😂
And they kept the most important “feature” aka the “Hemi Tick”…. (Lifter / camshaft related issue)
@@tesladiesel2420 LOL, they did! Jasper now runs piping up to the lifter valley for additional oiling on their Hemi rebuilds. Sad FCA didn't care enough to address this issue at some point.
The reason why there are so many trucks sitting is because of price. When I purchased my first brand new full sized truck, 2015 F150 XL it had a sticker of 32k. I get that is a base truck but less than 10 years later that same truck is easily 20K more. The problem is that dealers marked up trucks and never really got rid of it because the mfg’s just upped their MSRP. Not to mention inflation is crazy the last few years. Give the market 6-8 months and pricing will drop, regular middle class people can’t afford a 1100+ payment…at least those that are smart with money would never consider it.
People have been saying the price will drop for 2 years now
@@CarlosGutierrez-qw6prthey won’t ever drop, they never have
Pretty much the same story for me
I got my 2015 F150 Xlt with the 2.7 v6 for 36k in Canada. No way i could get a new one for less than $55000
In 6-8 months, people will still be saying another 6-8 months before prices drop. By that time, prices will go up another 6-8%... Just brilliant.
@@marauder9898 you’re correct. In 2030 a base 1500 will be 60,000 and a limited top trim will be 100k or more. This is actually why I’m looking to buy a 24 before they go up even more
I think it's a shame that the government is restricting what cars dealers can sell. What ever happened to Land of the free.
The snivelling-do-gooders insist that they know what is better for us and will force us to eat the gruel no matter what we tell them.
Exactly what vehicle are you not allowed to buy? I think you're full of it.
@@nothingtoseaheardammitLOL
Elections have consequences
@@g00glechr0me8 Go to the ~15:00 mark they explain it. Or you could even g00glechr0me it -
I was considering trading my 2018 F150 for a 3/4 ton but the prices would derail my retirement plans. I kept my F150 and bought a 1994 F350 4x4 with 183k miles for cash for my heavy duty jobs.
You would be surprised, your 2018 F-150 can tow and haul more than that 1994 F350.
It’s a cab chassis with a flatbed and it’ll handle a gooseneck trailer better than my F150. I’ve done a lot of towing and had nearly 9k behind my 150 and through experience the F350 with its dual rear wheels and full float axle will hold up better.
Oh ok, did not realize it was dually. That changes everything.@@SSgt-
I decided to look at the inventory by my house (2) +$120k, (1) $100k, (8) $80-99k, (31) $65k to $75k. At $60k it’s $1100 payments for 72 months for a F150, at $122k it’s almost $2300 per month for 72 months, new car prices have gotten out of control. The bank is making $35k on interest for the 72 months, wow I’m in the wrong business. They do have about 40 plain Jane trucks for $35k each, a little bit better.
Unless your you have a bank account with a generous amount of zeros or own a business flooding you with $ that's burning a hole in your pocket... You need a brain MRI , catscan, and dogscan if you have or plan to buy or finance a brand new truck right now. Ef the mfg, and dealers. Working class men... Need a truck for towing a boat or your handyman gig etc? Get a used old but clean truck with tons of miles, pay cash and do your own repairs and maintenance. You rich guys can do the same thing.. Just spend the other 50k on a used m3 convertable, a jetski, dirtbike, couple rugers and 92s, Asian massage twice a week all year, and put a poor dude through first year of community college
Three years ago I purchased a fully loaded Ram Rebel, eTorque, Sunroof, Ram boxes, everything offered for $50K out the door. I fully understand production cost, but I'd love to see a cost breakdown on materials; nuts to bolts, what does it cost for the manufacturer to build a vehicle, materials only.
Damn, lucky you man! Keep that unicorn
It’s price gauging. It’s just like what happened in the 70s, just with trucks instead of cars. Too expensive, engines too large for the market.
17:30 Nate crushed it I’m proud I cried laughing. Best part. The enthusiasm was tremendous
You guys are so knowledgeable and entertaining and i just love it. Walking around, no script, just bouncing of each other and never boring. Really great stuff guys. Well done 😁😁😁
I just bought a Ram Laramie NightEdition 4 wheel drive, panoramic sunroof, Harmon Kardon speaker set, spray in Bedliner, no tonneau cover or boards…
The original ask in early November was $74k at 8.5% interest, I said no. They called back just before Black Friday and said $72k at 8.3% interest. I said no. They called back in December and said $65k at 8.3% interest, I said no. End of December we settled on $60,580 at 3.9% interest.
^ moral of the story. Drag these greedy bastards through the coals and don’t be afraid to continuously walk away. I saved nearly $14k off the sale price and add thousands on top of that in interest that would’ve been spent. If one dealer refuses to work with you, go find another. I had to go to the state next to me to find my deal.
I get the jist of your story. But even 60k is way too much for a truck. No matter how much you make. It's robbery plane and simple. That is still 20k over what that truck is actually worth.
@@nabismith8023 You are stuck in 2000s era pricing. Trucks are nice now and much more capable.
@ferretsmiles Capable how? Mechanically? There are no improvements that are worth noting to justify that.Try again. Electronically? Nope. Much more complicated. More modules and electronics.
I have been in the industry far too long and can tell you just how naive that statement is. That is the reason they keep raising the prices. Because people such as yourself will gladly pay it. Then go on to tell us how great it was. Guarantee you that truck won't be worth 60k tomorrow.
@nabismith8023 Let's see first there livability with modern trucks being more comfortable, quiet, and efficient. Then there is actual capability with modern halftons being about to tow thousands more than they used to. If you want crank windows and a carbureted engine that's fine for you but that's not what sells.
@ferret… I don’t care about more comfortable I definitely don’t care about nice and quiet. I like loud and noisy, so I know I am driving something mechanical and not an appliance. I don’t want to pay for all the technology, sensors here and there and more sensors and electronics and iPads glued on dashes and dual climate control on a 5-foot across tiny space, and so on. I want warranty and new but that means they jacked prices up because the manufacturers are prioritizing high trims because that’s better for their bottom line.
Jeez, I'll never be able to afford a new truck. Last one I bought was in 2014, Chevy 1500 LT V6 4 door Z71 for $35K. The new single cabs start at $45K for a 4x4 🥺
People want cheap trucks, even though 60% of truck guys hate on the maverick but there’s a reason why it’s selling so well compared to every other truck on the market. The only people that can afford 50k+ vehicles is if they are business owners or make 80k+ per year 11:45
In my case I traded in my 2020 Ranger that I wanted to keep but just got too expensive gas/insurance wise for a 24’ maverick. I was going to get a tradesman or F150 but they are too expensive.
Getting my 98 12 valve cummins all ready tuned and new suspension. Ready for another 25 years
So.....what exactly is the point of the video? The idea is the "doom & gloom" is false but how did you show that? Seems like lots of trucks out there for availability backing them up. Maybe if you showed empty lots or a comparison of that dealer's sales numbers showing things are fine it would have backed you up more. But just by walking around a lot looking at stickers doesn't.
24’ Honda Ridgeline Sport at $41k MSRP (maybe couple thousand discount) is looking pretty appealing now days. Spending anything over $40k on a new vehicle raises my eye brows (I’m cheap 😁). Good luck to the new vehicle industry this year.
You’re not cheap.
my car was $2500...I would never pay 40k for a car.
I really like the lot walks. Would love to see you do them on a regular basis.
Thank you for the feedback.
I still don't understand the draw to the Gladiator. It just looks soo goofy to me. The price seals the deal even more.
Edit: The fact that we think $45k for a single cab work truck is a good deal now a days is insane.
These guys have really no idea why it is that dealerships typically want to get rid inventory after 60-90 days (typically). It's because of "floorplan", i.e. the company that supplies the financing for the inventory. It's limited like a credit line. This, for one, can compel the dealership to rid that inventory in order to free up 'credit' to buy new inventory. Also, after a certain period of time as determined by the floorplan provider they start charging the dealership higher rates and fees to keep those units, and soon thereafter they force the dealer pay for those vehicles in full. Thus cutting into the store's budget
This was an aspect I was unaware of until I started looking into it
@@diviningrod2671, it's not something I would expect the majority of people to know unless they're in the business or are close to someone that is... But some dudes with a car channel I would DEFINITELY expect they should know
@@Joe_C. very true. I also was unaware of how repossessed cars work as far a the financing that's attached to each vehicle, I believe it's called A B,and C paper.
@@diviningrod2671, 🤔 not sure what you are referring to there. Repossessed vehicles are typically taken to dealer auctions and resold. Some banks, few comparatively, have special programs with certain dealers resell the repos. Typically the ones which were originally sold at that particular store
@@Joe_C. it was a video I watched about repossessed covid vehicles. People with good credit get A aper loans ,mid credit get b paper loans and so forth.
They implied the loans were attached to the vehicles iirc
During COVID manufacturers watched dealers add crazy ADM and sell trucks as fast as they got them. So what did manufacturers do? Bumped prices of course (thanks to global supply chain shortages wink, wink). What they didn't account for was the build back better inflation and 1980's interest rates. Throw in the UAW cost increase thanks to a record contract for non skilled labor and this will get worse before it gets better. I'll buy my next truck when rates are below 3% and manufacturers are offing $10k-$15k factory incentives. If that never happens? I'll have a 2021 F-150 for a long, long time.
Come on, 1980’s interest rates were double what they are now. The UAW contracts added less than $1,000/vehicle for Ford, not sure about the other two but it is assumed to be comparable as well so it really added less than 3% to the cost of a base model truck these guys looked at. If you want to point fingers, look at everyone driving these trucks paying on 8 year loans who bought them with crazy loans and no financial sense….
@cle_roknn3742 WHICH POINTS THE FINGERS BACK AT THE DEALERSHIPS AND LENDERS. STRETCHING TERMS AND LENGTH OF LOANS PAST 4 AND 5 YRS UP 12 YRS !!! ALSO, FINANCING OVER 100% AND SOMETIMES UP TO 130% OF THE VALUE OF THE VEHICLE SHOULDNT BE ALLOWED. ITS DAMN NEAR PREDATORY LENDING SIMILAR TO WHAT LED TO THE 2007-2009 FINANCIAL CRASH. BANK AND AUTO'S DONT CARE BECAUSE THEY KNOW THEY WILL GET BAILED OUT AGAIN. PEOPLE NEED TO BE WISER CONSUMERS AND QUITE TRYING TO KEEP UP WITH THE JONES.
You can’t cherry pick the 80s rates when the dollar was worth so much more. Prices are high, wages for low quality work that isn’t specialized are high, insurance is high, and loan rates are high. I agree w him. Rocking a 2019 diesel w 100k. Won’t budge until the huge rebates come back… Interest rates do matter, but I’ll never have a car loan again (paying monthly on depreciating liability)…
Awesome and informative. Thanks so much Gentlemen!!
These guys are cool but are overly optimistic. I live 40 min north of them and most dealers have a minimum 60 day supply of trucks. A lot of them have 80+ day inventory.
Also, I don’t know why Jeep has so many 4xe wranglers on all their lots because there is not that many people who want them I guess they’re doing it for fuel economy reasons, but that’s it. I’m gonna stick with my V6 after seeing a video of a 2024 wrangler 4xe blowing its roof off because the battery caught fire and got to the gas tank also, every time I think I want a 4xe there’s a massive catastrophic recall on them like the batteries, catching fire or the engine turning off while driving for example
Was at a dealer in south Jersey recently. Probably 150 4xe’s sitting on the lot. Plus a $10k markup on every car!! 😂😂😂😂
@@jcollins1305 that’s ridiculous at least where I’m at in Florida. There is discounts on the 4xes up to 5K off. But there’s a ton more 4xe wranglers then V6 and four-cylinder turbo wranglers, and the gas only ones have basically no discounts on them
The free market will always decide.
Another great video guys! As to why the limited colors on the lot, as a retired Ford Commercial Account/Finance Manager, the dealer orders the stock inventory one at a time. Sometimes the dealer gets lazy, and just orders a bunch of white, or red. When I did the ordering, I tried to do all the colors offered by Ford as well as options. For example, if I ordered a truck with max trailer tow package, I always ordered the trailer tow mirrors which other dealers fail to do. Keep up the great work!
I bought my 2023 jeep wrangler sport unlimited at the beginning of last year and love it
Learn to wrench on your truck. Bought new 2500HD WT in 2015 for 36K. Currently has 330K miles. Top end at 183k, rebuilt transmission at 193k and rebuilt rear end at 283k. Runs just as strong as the day I bought it.
That’s what I’m doing. Bought 98 2.7 liter 4x4 Tacoma with 70K in 2002 for 16.5K. Currently has 287K miles. Top end at 285K. Still looks and runs great. One of the best investment I made.
@@edmora7662 NOT an "investment", STILL a depreciating asset !🚽
@@TheOzthewiz I haven’t had a truck payment since April 2006. I would call that a great investment on a 16.5K investment. In my opinion. I can sell this same truck today in this market for 15,000. So yes.
I like the dealer walk format. You should do it more often. Also have it for cars, but I do think it is concerning since it’s going to get worse but it’s not super bad yet because having all those mid trim level trucks should be selling more and no cheap trucks and no high trim trucks basically shows what we kind of know that the interest rates are too high because I’m thinking the mid trim trucks are what normal every day people would have to do some financing for but if they get a maverick in the low 30s, they could probably pay mostly cash or have a trade in and then the high trims are all rich people who will try to pay cash if possible or can afford the high interest rate. Since there are still a lot of 2023 Rams, sitting on the lot in my local dealership. But that’s just what I’m thinking.
Thanks for doing this. There is so many utubers forecasting dealers can’t sell but don’t see prices going down. Don’t know what to believe
I sold at 2 of the largest Ford dealerships in Western Canada, and both had huge sales numbers to rental car companies (who buy their cars) and an in-house leasing company with thousands of our own cars in the system. We relied on our lease returns and huge purchases at rental auctions to provide stock for the used car departments. We always worked under the assumption that new car sales were never going to be profitable, but we made profits on used cars, service, parts and leasing. We were in oil country and had so many industrial accounts, we didn't worry about retail sales so much as smaller dealers do.
Also these vehicles depreciate rapidly, in my opinion it’s better to buy a lightly used one so the first owner takes the biggest hit. Also the dealers here in Houston have full lots full of vehicles
When used is as expensive as new (last 3 years or so) doesn't make alot of sense
Lower financing, warranty included, rebates/incentives
I just can’t believe how outrageously expensive these dumb things are.
You guys do a great job of telling us what is new from the manufactures. Good data driven analysis on most of your videos. I would love a new truck and rent trucks when I travel because sometimes they are cheaper than SUV's. Two big problems for people that don't use these trucks for truck purposes. One is that these trucks are over priced for what you get. Making hundreds of thousands of these one should get the cost down but the manufactures keep big margins on these things. Second is that most of us don't need a big truck that does not fit in our legacy garage. I did a garage fit tested of a new F150 in my garage. Yes it does fit, but barely. Not a livable situation. We need a good small truck for the rest of us. Only the Maverick does the job.
They can't sell them because they have raised the price into the stratosphere and they have lost the average consumer.
Canadian dealers were selling all their good used trucks to US clients during Covid. There was a huge demand. I couldn’t find one at normal price in February 2023. I bought a new chev custom for cheaper than second hand off the transporter.
I can confirm this. I was recently shopping for a used 4th Gen Ram on Cargurus. At least half of the used trucks were originally titled in Canada.
I sold my 2016 GMC slt 2500 to America for 9k less that I paid for it after using it for over 5 years. I mistakenly thought prices and supply would be cheaper after cvid. Only now are prices coming down a bit.
My friend has been buying a new loaded GM 2500 truck, driving it for six months, then selling it to a guy exporting to America. Gets about $5,000 more than he paid.
He's on his 4th truck doing this. Making money driving a new truck.
His wife is a retired GM employee, so he get employee pricing.
All new trucks are way to high and until people stop buying for these out of control prices they will keep doing it. The new tundra is the shape of a brick and they want 70 k. Nope i just hang onto my 2013 tacoma
No one mentioned this but *gm’s* higher trim models (Z71, Premier, High Country, ZR2, AT4, AT4X, DENALI, D.ULTIMATE) *actually sell,* and they ALL sell well in both the U.S. and Canada. The others (Ford, RAM/Jeep, Toyota, etc.) haven’t quite figured it out yet and seem to be struggling to compete in that regard. It’s funny because people used to poke at them for having “too many brands” under one parent company. Now, Jeep thinks they’re a full on luxury brand. Hyundai, Kia and Ford all think the same and they wonder why their actual luxury brands don’t do as well as they could. *gm* finally has their hierarchy figured out across the board and it’s paid off big time.
In Maine we pay excise tax on the original window sticker msrp for the entire life of the vehicle. When a vehicle is purchased in Maine the original msrp is branded onto the title and stays with it forever. We can’t afford the trucks, the interest, the taxes, or the insurance on any new vehicles. Our CDJR dealers are loaded with “new” rams, Jeep 4xes and even used Rams. They just sit there. They couldn’t care less about your Ram trade in. Everyone that wanted a new truck already bought one. Ram prices are just not competitive at all. People that are rich enough to buy them don’t want a Ram.
There was never a shortage of used vehicles. The whole thing was a scam
I did wait for the last of the Tundra V8 s to come around but Tundras are always a premium.
Um, that's been going on for quite a while. GMC is intentionally cutting back production of the Canyon to keep prices above $42,000. I say to GM: get lost. I will not buy anything from them again.
And there’s no reason they should be having a premium.
I wonder why they can't sell that 81,000 Rebel at 9% interest? I bought my new Ram tradesmen in 2020 for 29,999. $50 leveling kit and 1k rebel tire&wheel pull offs and it looked awesome!........at 3% interest rate.
And it was a quad cab 4x4!
After the dealer markups of 21 and 22 they can take a long walk off a short pier
@@chadfoust6942that’s a great deal is it a v6
As a typical truck guy, i fell in love with a Grand Marquis i bought. Full frame RWD V8. Smooth, quiet, reliable and can pull around a decent sized trailer. A nicely used $4000 battle tank with a trailer bigger and lower than any truck bed is way more appealing than todays nonsense at the dealerships.
That rebel you showed for 81k. In ten years it will be a trash heap
Car and Driver says Jeep sells more Grand Cherokees than Toyota sells Tacomas. I found that interesting.
The suv market is like 4x the midsize market
Nice of the dealerships to keep the buying public out of the lots so TFL can film, or is it that no one can afford this overpriced metal. Time for the manufactures top execs to earn those millions and focus on affordability build what people can afford rather than loaded max profit models.
They were open for business while we were there.
I can watch these two all day! Great content guys .
4WD, high tech eco engines, 10 speed auto trans,non stop electronics, infoscreens,power everything and all options standard, extreme safety regs, high salaries along the way. And people wonder why they are crazy money. How about v 8, 5 speed manual, no tech, sensors,real bumpers, no ac, 2wd, on and on. $20,000+ less.
There would be exactly two people buying it. You and me. Ok, maybe a few more but almost nobody.
Unfortunately, trucks became this hot and trendy thing to buy. Almost all who are buying new trucks now were buying SUVs before. They are office workers desiring lifestyle trucks. That’s why 5-foot and 6-foot bed trucks exist. They also want ALL the amenities of SUVs that they are used to. This is why all the convenience features are in the new trucks. Plus government mandated safety etc. You are correct about that.
47k for a regular cab 4 cylinder 😳
That little exclaimation over the 80+K price says it all! There is no reasonable way to justify it. I begin to wonder if they jacked these prices into the sky so that the useless EV's wouldn't look so much like a giant paperweight.
Man I love watching you guys talk cars and trucks but this video just made me feel for you both with all the attempts to put a positive spin on this market correction. Cars and trucks are no longer affordable and things need to change before the average consumer will be happy with the value they’re getting. Long time fan!
It’s great to see you guys outside talking trucks! Outside with working trucks is where its at!
High prices + dealer markups = low sales. The prices will eventually come down, or the dealers will have a lot of vehicles to look at every day on their lot.
I don't see ANY dealers marking up trucks.
Most the vehicles in this video have markdowns, not markups.
@@ryansheard8092 It's been about a month since I walked on a local south Jersey Ram dealer's lot. At the time they still had a $10,000 market adjustment on every new Ram and most of the Jeeps. I don't know if anyone was actually paying those prices but I certainly would not.
With interest rates at record highs they can keep their trucks and cars.
Unless They Come Down To $17,000.00 to $13,000.00 for A Truck, They Are SCREWED ! I have Never Paid Over $21,700.00 for A Truck mostly Loaded... Everyone Needs To Do A Reality Check, No one I know can Spend STUPID Money on A Car or Truck and Housing is A Joke in some Places.
Last year I purchased a chevy silverado worktruck crew crab 4 wheel drive spray in bedline the works for 42k I just ordered special order a chevy Colorado trail boss for 41K with leather seats Spray in bed liner the works cruise control Andre.
I got everything I need in both trucks both under 42K to pay over 50000 you either have to be throwing your money away or just playing stupid and getting scammed
People have been complaining about rising prices for several years. But until the past couple months they couldn't manufacture enough to keep up with how fast they were selling. If you were the manufacturer you'd be making them as expensive as possible too.
It's a combination of crazy high MSRP and high interest rates.
If you were to finance a HD diesel right now, you'd be hard pressed to get one under $1500 a month
I sold fords up till last year. Nobody is buying an HD with 0 down lol people buying brand new HD's are putting down big down payments..
@@aquastu not at the ram dealer 😂
Business decisions…simple
Great video! Very informative
Prices are still crazy. Wages and salaries did not keep up with the new vehicle prices. Prices will fall until people are willing to spend the $$$ on a new vehicle. Mfg's brought this upon themselves.
It’s so crazy, I’ve been trying to buy the same truck since August…they just won’t budge on the $2700 difference. Oh well
I was looking at the 2016 Canyon since 2016, but the price was too high. In February 2023, I finally found one at a dealership almost 3,000 kilometers away. So I drove there, bought it and drove it home. I refused to pay $30,000-40,000 for a used truck with 100,000-250,000 kilometers on the odometer. If a truck is a special edition or has a limited production, then a higher price makes sense. But charging huge prices for mass-produced trucks is stupid.
Go to a dealership that not family owned
Wrong way to buy
Branch out to multiple dealers....trying to work with only 1 if they aren't biting is a dead horse
I contacted 25 of them and saved 10k from local
, that only works if they all have the same truck. I have them 16k off of msrp as of now. No big deal, if they bite it’s cool, if not it’s cool.
Trucks will never be cheap and plentiful again. Get used to a shrinking percentage of people affording new trucks.
And would that be such a bad thing? Most of trucks drive around with an empty bed!
I love that van express that you're showing I would purchase a van except I couldn't find 1 in 4 wheel drive.
The tour was Great to watch and TY 👌