@@truckercowboyed2638 I very much understand economics you clearly don’t. You are being charged more particularly right now because they can, not for some lack of supply. That’s why when you go to these car lots you see plenty of inventory that’s disgustingly marked up but has been sitting on the lot for months.
I can put 15-20k CAD up for a used 10 year old f150 and be happy. Paying $1200 a month at 7% for 72 months is crazy. I’m not even mad at it, but a ford dealership won’t see me for a long time
😢When you're talking about the negative equity problem that has emerged another piece of the puzzle is the markups with forced dealer add-ons that amounted Up to anywhere from 10,000 to 20000 dollars in extra cost put into the loan.
I am an engineer, I am currently unemployed, my resume was in Ford's database. A Ford HR personnel cold called me, I said I had automotive experience, she said I didn't and she declined to speak with me further. I deleted my employment profile from Ford's career portal. I will not work for Ford or any of their vendors, they don't want me, they told me so.
Ford and the other domestic manufacturers need to focus on putting out a quality product to even start to justify the prices they are charging now for vehicles ice or ev. The fact that cpo’s often carry better warranties than new vehicles should make them think about putting a bit more faith in their own warranty and go beyond the 3x36 model that has been around for years. They are pushing loans out to 6 years how about a warranty to match? Credit where it is due to Mitchell for pointing this out. Mitchell and Town and Country are an excellent dealership being let down by Ford’s quality control. If the way of vehicles now is going to be $50-80k+ stickers then folks want a quality product that is built well, not something that is subject to several recalls
So I am shopping for a new F150 Lightning and decided to check out this guy's dealership since he seems to be on the up and up. Nope, same old crap as multiple other Ford dealers I've dealt with. I live in a different state so I inquired on the one I was interested in which had a pretty big dealer discount listed. I asked for a written quote on that model to confirm the OTD price so I could make arrangements to buy it. They got back to me and promised a quote. A couple of days later I get a quote for over $8K higher than the price listed on their website. I write back asking why the discrepancy and they reply that oops they accidentally had the tax credit of $7500 listed on all vehicles which doesn't apply to a Platinum. That is absolute B.S. as they still have the vehicle priced that way and there is no reference to the tax credit, it's listed as a dealer discount. This bait and switch crap is turning me away from Ford altogether. I told them I'm not interested in it at that price and they said if I have a Tesla I can get another rebate. I don't have a Tesla and a $1500 rebate to make up for yanking the $9K discount away is not going to cut it. These things depreciate way too fast to pay full retail. I get it if they don't want to discount, but they need to post the actual price and not waste my time responding to an advertised price they have no intention of honoring. A day later the fake pricing is still listed. I like my old ICE F150 Harley Edition but wanted a new commuter vehicle. I didn't like the Ford dealer experience in 2014 when I bought an SUV so I went with a different brand. So did my daughter and my neighbor, all who went to Ford first and left because of shady dealers. I guess they will lose my business again as I won't deal with people who are dishonest.
The real high cost of labor is in what the executives are being paid. There is no justifiable reason for any of them to get paid more than 5 million dollars a year.
Thank you for adopting insight selling and abandoning feature-benefit approaches. Feature-benefit selling fails; customers need personalized, insightful dealership experiences. This change truly matters.
Prices are way up and quality is horrible. My 2021 F350 Platinum Dually with the Powerstroke is in the shop more than it’s on the road. Between the fuel pump blowing up and sensors going out almost monthly it is the most unreliable Ford I have ever owned. It have been buying Fords for 45 years and currently own a 2023 Bronco Outer Banks. These will be the last Fords I ever buy and that is sad. What’s really sad is I have told Ford how frustrated we are of the poor quality and they just don’t seem to care.
Man this was hard to watch. This guy is basically justifying the price increase. Dealers are going to fail because they don’t add but value in the new era of EVs. They make a lot of money in service and financing. Those 10k, 20k - 50k, etc service intervals. It is basically the razor model on steroids. Most Americans are terrible in math and they take advantage of you. They all have “4 square model” that they use to squeeze you. There is a reason they send you to the finance department after you agreed on a price.
Car makers are the sole reason for high prices. You’re going between the same excuses year after year. Prices are high to pay for ev development people don’t want and it’s costing ford billions in loses even with the bs prices on normal vehicles.
I believe we will see a major market correction once investors realize the Fed won’t be lowering rates this year. Powell has been saying it for months yet they won’t listen. I think it’s a matter of time before the economy pulls back a fair amount.
You cannot tell me in the advancement of industry in the USA and World, we haven't overcome the SCI. That excuse for higher prices based on these issues has to stop. The real issue is once prices hit a ceiling, its basic economics they will not go down. When CEO's of these huge companies keep getting getting huge bonuses and payout's we as consumers cannot accept the excuses. Love ya Mitchell, but hopefully folks aren't buying it.
Love your videos! I have a 2023 Mach E Premium RWD that I bought in October after totaling my 2022. Would love to get into a Lightning some day. But I just can’t justify the $$ for a truck. Like the Lariat ER and the Flash.
@@66skate Wow..interesting. I'll have to check them out. I have a 2018 Raptor and any where I go it's the same story when trying to get a 2024. Sanderson is the one place I haven't been but keep hearing good things about them.
Nissan is practically giving away leases. We leased a 2024 Nissan Leaf SV Plus for $58/mo with $0 down for 24 months. We also leased a 2024 Nissan Ariya Evolve+ EV for $185/mo with $0 down for 24 months.
The fact that an XLT F150 SC is in the $60k range is ridiculous. The F150 Roush is basically a $26k add on - and is mostly BS as it is appearance crap, and almost zero performance stuff. In the SD lineup, it's also ridiculous that if you want the Tremor package, you have to get the HO 6.7 (at least if building online). A friend just picked up a new GMC 3500HD AT4 crew cab w/Duramax for $76k. I'll be shopping GMC.
Doesn't auto sales typically slow down in a Presidential election year? I worked for an automotive supplier for 18 years and it seemed like we were a bit slower during the Presidential election years.
Automakers won't fail. They are deemed too "important" to the economy and the people will bail them out again. Then they will continue to produce un-afforadble vehicles for the general public, where auto loans are what home loans used to stand at.
Nobody talks about the EV debacle and that other products are subsidizing them. I am glad I listened to you back in 2020, I got an F150 3.5 EcoBoost XLT and put leather in it (so happy I did and give you the credit for that. I have watched most of your videos and they stand the test of time for great advice.
You forgot to tell your height, that may be affecting vehicle pricing, interest rates, and negative equity 😅😊 A good reminder is preparing yourself with solid information before attempting to trade. Best advice is don't trade often, hold and maintain cars for maximum value over time. Have a great day😊
Everyone is looking for value cars and trucks, costing 20k to 40k.. and looking for good interest rates . Whatever car company can make it happen will win in 2024. People still need new cars/trucks as we have 335 million people in the USA and car sales are the same as in 1978 .. when we had over 100 less American's/ drivers in the USA
Love all the new features cars and trucks have!!! But now it's time to keep hard earned $$$ in the bank... YOU'VE PRICED YOURSELVES OUT OF AUTO SALES🇺🇸🇺🇸🇺🇸
Economy is so bad we don’t have a choice but to go to war at this point. Before anyone flames me look at all the trends. We’re always POPPIN mid/after war especially housing
why don't you tell us how long it takes to sell one and how many truccks have been sitting on your lot for 30 60 90 days maybe you have 6 months of inventory
I noticed a 23’ Bronco Raptor for about $82k and change which didn’t sell at that price but then it went up to $85k and change so who knows how the pricing scheme works?
This is all have...cox. BTW, whether you trust a news source or not, just like you, if you are predicting the DOOM then it is a prediction they are making. Why trust you as a source? Just say, "We'll see what happens". Do you not see the irony in saying "Is the car industry....blah blah blah?" as a question but then saying another source stating a 2% dip as a prediction is not trust worthy? Then you post another article from the same source. Oi.
You left out dealer greed charging ridiculous ADM's/ or ridiculous add ons
I’m not defending it, but dealers do it because people pay it. Who’s the real bad guy here? It’s a capitalist system remember?
Why he forgot about that?🤔
I mean it's your responsibility to read the contract and refuse to pay for add ons...
Sounds like a you problem, dude. 😂
You forgot to mention that manufacturers are reporting record profits year after year.
Amazing that was left out. What a joke.
Right! This isn't about inflation or supply issues it's about price gouging.
@@cjhan47umm price gouging is a response to inflation like hello learn how economics works .. everything is connected.......wake up
@@truckercowboyed2638 I very much understand economics you clearly don’t. You are being charged more particularly right now because they can, not for some lack of supply. That’s why when you go to these car lots you see plenty of inventory that’s disgustingly marked up but has been sitting on the lot for months.
@@cjhan47that's literally not how economics works. If they're literally sitting on them for "months" you'd see them relinquish some of those costs.
I can put 15-20k CAD up for a used 10 year old f150 and be happy. Paying $1200 a month at 7% for 72 months is crazy.
I’m not even mad at it, but a ford dealership won’t see me for a long time
My truck is paid off in full and I still cannot get myself to pay new prices. I can afford it but I refuse to be that stupid.
I haven't bought a new vehicle since 2004. Still driving that Ford Ranger I bought in 2004.
Higher cost of living and interest rates are forcing people to keep their vehicles longer. Good info Mitchell.
😢When you're talking about the negative equity problem that has emerged another piece of the puzzle is the markups with forced dealer add-ons that amounted Up to anywhere from 10,000 to 20000 dollars in extra cost put into the loan.
I am an engineer, I am currently unemployed, my resume was in Ford's database. A Ford HR personnel cold called me, I said I had automotive experience, she said I didn't and she declined to speak with me further. I deleted my employment profile from Ford's career portal. I will not work for Ford or any of their vendors, they don't want me, they told me so.
The average credit card debt for a family is now $16K. It is hard to afford a new vehicle these days with that kind of debt at over 20%.
Thank you for remind us about inflation but how about the dealerships still charging over MSRP ?
Ford and the other domestic manufacturers need to focus on putting out a quality product to even start to justify the prices they are charging now for vehicles ice or ev. The fact that cpo’s often carry better warranties than new vehicles should make them think about putting a bit more faith in their own warranty and go beyond the 3x36 model that has been around for years. They are pushing loans out to 6 years how about a warranty to match?
Credit where it is due to Mitchell for pointing this out. Mitchell and Town and Country are an excellent dealership being let down by Ford’s quality control.
If the way of vehicles now is going to be $50-80k+ stickers then folks want a quality product that is built well, not something that is subject to several recalls
So I am shopping for a new F150 Lightning and decided to check out this guy's dealership since he seems to be on the up and up. Nope, same old crap as multiple other Ford dealers I've dealt with. I live in a different state so I inquired on the one I was interested in which had a pretty big dealer discount listed. I asked for a written quote on that model to confirm the OTD price so I could make arrangements to buy it. They got back to me and promised a quote. A couple of days later I get a quote for over $8K higher than the price listed on their website. I write back asking why the discrepancy and they reply that oops they accidentally had the tax credit of $7500 listed on all vehicles which doesn't apply to a Platinum. That is absolute B.S. as they still have the vehicle priced that way and there is no reference to the tax credit, it's listed as a dealer discount. This bait and switch crap is turning me away from Ford altogether. I told them I'm not interested in it at that price and they said if I have a Tesla I can get another rebate. I don't have a Tesla and a $1500 rebate to make up for yanking the $9K discount away is not going to cut it. These things depreciate way too fast to pay full retail. I get it if they don't want to discount, but they need to post the actual price and not waste my time responding to an advertised price they have no intention of honoring. A day later the fake pricing is still listed.
I like my old ICE F150 Harley Edition but wanted a new commuter vehicle. I didn't like the Ford dealer experience in 2014 when I bought an SUV so I went with a different brand. So did my daughter and my neighbor, all who went to Ford first and left because of shady dealers. I guess they will lose my business again as I won't deal with people who are dishonest.
The real high cost of labor is in what the executives are being paid. There is no justifiable reason for any of them to get paid more than 5 million dollars a year.
Thank you for adopting insight selling and abandoning feature-benefit approaches. Feature-benefit selling fails; customers need personalized, insightful dealership experiences. This change truly matters.
I believe Fleet sales are inflating them numbers a bit, we are seeing that up here in Canada as well, thanks for the video Mitchell
Cost of labor isn't the issue. Cooperate greed across the board is. Labor needs to money to buy the products yo
Prices are way up and quality is horrible. My 2021 F350 Platinum Dually with the Powerstroke is in the shop more than it’s on the road. Between the fuel pump blowing up and sensors going out almost monthly it is the most unreliable Ford I have ever owned. It have been buying Fords for 45 years and currently own a 2023 Bronco Outer Banks. These will be the last Fords I ever buy and that is sad. What’s really sad is I have told Ford how frustrated we are of the poor quality and they just don’t seem to care.
Guess a 1971 Ford Maverick with 3 on the tree as a better deal.
Man this was hard to watch. This guy is basically justifying the price increase. Dealers are going to fail because they don’t add but value in the new era of EVs. They make a lot of money in service and financing. Those 10k, 20k - 50k, etc service intervals. It is basically the razor model on steroids. Most Americans are terrible in math and they take advantage of you. They all have “4 square model” that they use to squeeze you. There is a reason they send you to the finance department after you agreed on a price.
There's plenty of videos on how to get a good deal and how to beat the finance office.....
If you're squeezed, maybe don't be a DF?
@@larryolson397 I hope you grow up someday.
@@SBha30 be mad, kid.
Car makers are the sole reason for high prices. You’re going between the same excuses year after year. Prices are high to pay for ev development people don’t want and it’s costing ford billions in loses even with the bs prices on normal vehicles.
Great video. Thank you being so honest.
The reason Mavericks are so popular right now!
Bidenomics! Gotta love it. Don’t be afraid to call it what it is people.
I believe we will see a major market correction once investors realize the Fed won’t be lowering rates this year. Powell has been saying it for months yet they won’t listen. I think it’s a matter of time before the economy pulls back a fair amount.
A lot of people are likely holding off until a rate cut happens and probably the presidential election also.
Yeah, 100% these investors can’t stop until they get caught holding the bag. A game of musical chairs; until the music stops…
You cannot tell me in the advancement of industry in the USA and World, we haven't overcome the SCI. That excuse for higher prices based on these issues has to stop. The real issue is once prices hit a ceiling, its basic economics they will not go down. When CEO's of these huge companies keep getting getting huge bonuses and payout's we as consumers cannot accept the excuses. Love ya Mitchell, but hopefully folks aren't buying it.
I bought a 2021 ford with 12,000 miles love it
You guys rock! Thanks for the great info.
If there's been a decline in sales, why they take out the customer cash rebate? Seems counter intuitive
Did he just say that he stopped to pee, and THEN touched the steering wheel? 🤔
Love your videos! I have a 2023 Mach E Premium RWD that I bought in October after totaling my 2022. Would love to get into a Lightning some day. But I just can’t justify the $$ for a truck. Like the Lariat ER and the Flash.
Market adjustments are still in full force everywhere I go here in AZ
I bought a new Lincoln and got $3k incentive from Lincoln, X Plan, dealer incentive and 2.9% interest rate. That was at Sanderson.
@@66skate Wow..interesting. I'll have to check them out. I have a 2018 Raptor and any where I go it's the same story when trying to get a 2024. Sanderson is the one place I haven't been but keep hearing good things about them.
Nissan is practically giving away leases. We leased a 2024 Nissan Leaf SV Plus for $58/mo with $0 down for 24 months. We also leased a 2024 Nissan Ariya Evolve+ EV for $185/mo with $0 down for 24 months.
CPO is great, until you see used is 6% more interest than new.
Serious question: why don’t you trust the CSNBC News articles? Is there any particular reason?
Typical dealer pointing the finger. Manufacturers selling less vehicles, but are making more money. Don’t blame interest rates.
hey Mitchell
when they offer 0% on super duty let me know.
you got my# thanks Brady
The fact that an XLT F150 SC is in the $60k range is ridiculous. The F150 Roush is basically a $26k add on - and is mostly BS as it is appearance crap, and almost zero performance stuff. In the SD lineup, it's also ridiculous that if you want the Tremor package, you have to get the HO 6.7 (at least if building online).
A friend just picked up a new GMC 3500HD AT4 crew cab w/Duramax for $76k. I'll be shopping GMC.
Doesn't auto sales typically slow down in a Presidential election year? I worked for an automotive supplier for 18 years and it seemed like we were a bit slower during the Presidential election years.
How many of those vehicles are for companies.
I hope it does! The Tesla model where the consumer buys directly from the manufacturer is the future.
Did your dealership report lower revenues the last few years or record revenues?
Love this style of video Mitch 💪👌👍
I live in SC....looking for good deal for 2021-2022 King Ranch V8
All the price increases and yet FoMoCo seems to make $10k per F-Series truck sold…
Automakers won't fail. They are deemed too "important" to the economy and the people will bail them out again. Then they will continue to produce un-afforadble vehicles for the general public, where auto loans are what home loans used to stand at.
Ford quality is at an all time low as well..
The big 3 automakers engaging in Record High Stocks Buy back, I would argue is the main reason for high costs. Also increase in CEO pay
Do you understand how and why stock buybacks take place? Derp. 😊
Nobody talks about the EV debacle and that other products are subsidizing them. I am glad I listened to you back in 2020, I got an F150 3.5 EcoBoost XLT and put leather in it (so happy I did and give you the credit for that. I have watched most of your videos and they stand the test of time for great advice.
You forgot to tell your height, that may be affecting vehicle pricing, interest rates, and negative equity 😅😊
A good reminder is preparing yourself with solid information before attempting to trade.
Best advice is don't trade often, hold and maintain cars for maximum value over time.
Have a great day😊
i buy mine 2 years old with lowish miles at no haggle on price dealers like carvana; let someone else take the depreciation hit
Everyone is looking for value cars and trucks, costing 20k to 40k.. and looking for good interest rates . Whatever car company can make it happen will win in 2024. People still need new cars/trucks as we have 335 million people in the USA and car sales are the same as in 1978 .. when we had over 100 less American's/ drivers in the USA
I got a serious question what r your thoughts about the people with car loans with 30% or higher interest rates
Mitchell i like your vids but where does this stop?...im an repeat Ford buyer but wow!
Love all the new features cars and trucks have!!! But now it's time to keep hard earned $$$ in the bank... YOU'VE PRICED YOURSELVES OUT OF AUTO SALES🇺🇸🇺🇸🇺🇸
Economy is so bad we don’t have a choice but to go to war at this point. Before anyone flames me look at all the trends. We’re always POPPIN mid/after war especially housing
Is the car industry doomed to fail? Really.
why don't you tell us how long it takes to sell one and how many truccks have been sitting on your lot for 30 60 90 days maybe you have 6 months of inventory
Hey Mitchell @TCcustoms_ How does a guy in Canada get a TCC sticker for the back of his 2015 Bronze Fire Caribou rig? Thanks Mark 😊
Honest stud❤
What about waiting till 2025
What happened why did things go up😂😂😂😂let me know when yall do 0% on the broncos I might trade mine in 👍👍👍Roll Tide!
I noticed a 23’ Bronco Raptor for about $82k and change which didn’t sell at that price but then it went up to $85k and change so who knows how the pricing scheme works?
Click bait thumbnail. You guys will be all right.
You’re still alive!?!
This is all have...cox. BTW, whether you trust a news source or not, just like you, if you are predicting the DOOM then it is a prediction they are making. Why trust you as a source? Just say, "We'll see what happens". Do you not see the irony in saying "Is the car industry....blah blah blah?" as a question but then saying another source stating a 2% dip as a prediction is not trust worthy? Then you post another article from the same source. Oi.
Ford makes the best vehicles
Biden 2014 thats the future ❤😂😂😂😊
Woah… the past, is the future!?!😮