Car prices are falling back down to earth in a steady decline from 2021 peaks. But that’s no relief to consumer wallets, as car affordability remains low.
But overall, car sales have flatlined despite recoveries in both pricing and supply. In this video, the real reason car prices are down but why you still can’t afford one.
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Stop the propaganda. Car prices have not come down.
Nissan isn’t lowering prices. They are trying to hang on to the covid inflated low inventory buying frenzy. There are Nissans sitting on the lots for 200 plus days. They won’t come down on the price.
Used car dealers should make reasonable deals but they aren't
Dealers adding a $700 documentation fee, this is ridiculous.
Used car prices now in January 2025 should NOT be the same as they were in 2024
Insurance needs to be sliced by 50% and MSRP by 33% a Ford Maverick should be 17K base trim for reference not 24K
Too much for average person!!!
Financing made car manufacturers and buyers dumb.
Avg Family Cars should cost no more than 2-3 months of salary. Back to under 20k or keep your damn car in the lot.
Still way over priced look at the situation we are still in
The reason is that most modern cars are unrelialbe and boring. Ditch the unneeded electronics, dct+cvt trannys, turbos, plastic components, designed to fail components, make cars that are easy to fix with simple and inexpexsive parts. I want a vehicle that will last at least 500,000 miles.
2019 car payments for a person with an 800 credit score. 72mo $350 to $700. 2024 prices for the same vehicles $550 to $1,100 mo. Or around a 65% increase.
Idk what dealers you been looking at. New prices of trucks are still twilight zone crazy. Same with other cars. They haven’t come down much
Car prices have outpaced salary increases. Plain and simple. My salary has barely budged since the pandemic. Car prices have doubled.
Car prices are high for one reason only: credit lines. People are overleveraged and so car prices are inflated. In the past, people didn’t dare sign off on such long loans except for homes. Now, people do it for cars and even vacations! The only way this resets is with a car loan crash just like what happened to homes in 2008.
Everybody claiming car price crashes but when I got to these dealerships, every last one has hella dealer fees and mark ups plus these prices are still high as crap
Stop lying to people. Get a life.
I see no REAL price drops in my area. Dealers advertise cheap leases, until you read the fine print. 6k-7k down plus tax, title, first months payment and fees. You're talking almost 10k. Ridiculous. These whores got rich during and after the pandemic and they're addicted to the money. They also have no stock, so they can say "Take It or Leave It". I guess there is a sucker born every minute. This will eventually lead to the elimination of the dealerships. Order online and the manufacturer makes almost all the money.
Maybe start making vehicles without infotainment centers, push button start, wifi connections, other luxurious add ons
prices have stalled. they went from extremely overpriced to just normal over priced………… still to high. i cant get myself to pay 35k for a 2020 truck with 110k miles on it……… just makes no sense!!!
They are not going down in Miami
Vehicles are not entering discount. They are still overpriced.
Why do Americans want huge expensive tanks? Or do they?
Where?
Duhhhhhhh Prices are still way to high
i just traded in my 2014 Toyota highlander for a 2024 Cadillac XT4….love it!
my other car is a 2017 Corvette with stickshift
Im in sales at a very nice dealership. I have 2 sales in 2 weeks. help!
Purchased a brand new Jeep Gladiator Rubicon in April of 2023 and sold it to Carvana August 2024. It put $10,000 down, had a $704 note, $225 monthly in insurance, $300 a month in gas and maintenance. I’ve been carless and using Lyft to get to and from work and I’m not sure if I will be getting another vehicle anytime soon…
prices are not crashing anywhere. people are not refusing to buy, people are unable to buy due to the increased cost of everything else.
Car prices arent falling where I live. Everything is still 10-25k more than it should be. People are sick of lies like "car prices are falling", or " inflation is only up 5%". Come on everyman driver who do you think your fooling?
Because a new civic is $36k and my 10th gen was 23k and is paid off
My car is a 2006 Ford Taurus, in 2006 I bought it in cash. I can't logically replace it with a similar new car at 4X what I originally paid for this car. Inflation since then has not gone up 4X! I will try to keep this car rolling as long as possible!
1 car is 20 years old and the other is 11 years old. 193k and 83k miles. Honda and Acura well maintained in my garage run like new. Expect 300k or more no problem out of each . Last car payment was 2011 😁 , full coverage insurance is cheap $50 each car.
Because most people don't have money…8 dollars for a carton of eggs?
You will own nothing and be happy. The wealth gap is just fine for people with money. Comply. vote Dem and the price gorging will be illegal. and a tax on your old car will be asset at $65 k. unrealized capital gains. more resources are needed to help the immigrates. immigrates do not need insurance. or pay taxes, registration costs. and do not need to follow any laws. Women vote for
why? this isn't hard, thank the Biden economy
prices are coming down?? what planet are you living in? LOL!!!
#1…I don't see prices moving down in my area, at all.
#2…Any sane person should be able to figure out why nobody wants to pay $90k for a pickup truck!
I drive a twelve and a half year old kia optima 153K that has a big dent in rear quarter, carvana offers me $1600 for it, to me it's worth much more than that, it runs great, it had a few repairs but not many, and it is still reliable. I don't plan on replacing it unless something expensive breaks on it. Cheap taxes, less expensive insurance rate (no collision) and if it gets a scratch, than it's no big deal.
$1.4 Trillion in credit card debt, average mortgage $3500 — Bidenomics brother