The Car Market crash of 2025 starts now… here’s proof. The writing is in the wall and something has got to give… and soon! What do you think? Do you think we’re heading toward a legitimate car market crash in 2025? Let me know your thoughts.
Details discussed in this video:
– Nissan is dying… emergency mode 9K people are losing jobs
– 25K Ram pickups sitting over 220 days
– So many new 2024 and 23 models still sitting in lots
– Vicious cycle consumer doesn’t buy, dealer inventory goes through the roof, dealers turn away allocations, manufacturers cut production, they then layoff people… impact on already struggling economy.
– Insurance premiums have over doubled in most states in the last 2-3 years.
– Combine that with crazy interest rates, spikes in MSRPs,
– According to Edmonds: $760 is the average new vehicle monthly payment.
– 1/6 people will agree to a car loan over 1K per month.
– 1/5 auto loans declined in the last quarter
– Repossessions are going through the roof… up 23% compared to last year… people just aren’t paying for their vehicles.
– Today’s average interest rates are 7.2% on new 11.4% in used vehicles.
– Between the cost of vehicles now, awful interest rates, insurance rates, and people having a bad taste in their mouths from greedy pandemic days. People aren’t buying.
– Wholesale values have come down 18% in the last 4 months… we are now seeing this impact the retail market. Prices are coming down fast.
– Not all cars are selling at auction now. This is good for the consumer… dealers NEED to move their inventory due to flooring costs.
– Cost of living is playing a vital role: Mortgage payments, rent payments, mortgage insurance, cost of groceries, etc…
– Trade ins and used cars are bringing terrible figures right now.
– Used vehicle prices are having to fall.
– Tundras are sitting nationwide for 200-250 days… up to 300. Which is why Toyota dealers are getting desperate …$12K off. Not enough.
– Average Negative equity is $7200 per vehicle in the US.
– 1 out 5 consumers with negative equity owe $10K more on their auto loan than what the vehicle is currently worth.
– Auto loan debt is at a record high right now.
– Outside of Tesla, EV sales have totally crapped the bed. Even Tesla prices have fallen a ton.
– Desirable vehicles are coming with huge discounts… personally I’ve struggled so much to avoid buying a Raptor 37… $7500 off MSRP now. TRD pro Tacomas are commonly priced at 4K off. Trailhunters 4K off… Raptor Rs are teetering closer to MSRP by the day. Ram TRXs Final Editions 12-15K off MSRP. Bronco Raptors 15-20K off MSRP. Jeep wrangler 392 final edition 8-12K off MSRP.
– So many high trimmed vehicles because they bring in the largest profit margin…
– People always low specced affordable vehicles. Reliable, simple, affordable.
– No more markups. Dealers can’t justify markups because lenders won’t approve inflated loans. Easier to do when “money was cheap” 1-2% interest rates.
– Buyer is in control. You have numerous dealerships to choose from… pickup the phone and make several phone calls. You’ll save thousands.
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-Stay Untamed…
#carmarket #marketcrash #vehicles
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If a dealership has an Audi rs6 for 30k ile come buy it right now 😂
If you’re buying American for 70k then you’re insane. Audi and Benz have some crazy technology.
Less metal more plastic, smaller engines with more components to fail (turbos), yet a higher price tag. No thanks
Solution 10k toyota hilux
Buying a 73 Buick on Monday. Both of my cars are pre-80’s now and I couldn’t be happier.
Bet you not one single CEO kf any of these companies has taken a single pay cut.
i have a 2003 buick century with 61k miles on it. Was looking at Toyota, Ford lots today with 30k cash. All tried to sell me a new car instead of the budget i came in with. 50k plus and they tried to say "we can give u a 2700 dollar discount" … long story short, i think im keeping my 2003 Buick, fix it up a bit and ride it till the wheels fall off.
I drive 15 years old Toyota.
It works without expensive repair that means it’s enough good.
im only 3 minutes in but my favorite bit of this video is how all the cars look dusty
ACROSSED ain't a word lol
😂
Thats what happens when companies try to scam us people in America but little that they know karmas a bitch! lol they kicked themselves on the ass lol
Got a 2013 malibu recently easy to work on, cheap parts, good on gas, they can keep all them new cars.
The auto industry has priced themselves out by competing for a consumer that will only lease one car every three years…
They could cut the prices in half and I still wouldn't buy a hybrid or ev truck. I'm a man with man parts that likes to do man things, so I need a man's truck 😂.
I mean it was always bound to happen, a greedy system inevitably falls.
I remember when my family members were buying brand new cars for 15-20k, and i remember thinking back then, "why do peoeple spend so much on a car". 😂
No way your getting 15-20k off that Silverado zr2
I have a 2015 Lariat F150 used in 2020 and I'm still thrilled with it. Dealerships are getting what they deserve. The bad ones anyway.
After the Covid markups, good.
Idk maybe ford lol
Lower price, stop being stupid making new model every year work on other avenues, you guys grown stupid
new cars these days are just garbage anyway
100k for a pickup that’s gonna break within a couple year. Hmmm I wonder why nobody’s buying
STOP SPILLING YOUR SHIT,,, OTHER CHANNEL HAS EXACT SAME TITLE DAMN MORONS TEWAMING UP TO SPREAD LIES AND MISINFO,,, REPORTED JACKAZZ
Id rather buy a used 100k mile truck for 15-30k depending on what exactly it is, vs 100k or around it for something that is garrenteed issues that i wont know about how to fix or diagnosis correctly
Ill buy a knew vehicle for $10,000 yall seem pretty desperate let me know
Strap in folks! Donny is in office 🤣looking forward to the ROI from the people that placed him in office! Let’s go!!!
We don’t need more production in this country in general, but the demographic with the majority in this country is stupid asf. A people so brainwashed they think they’re better.
This has been your video title since last year bruh
This is so screwed up. The average person can no longer do ANYTHING. 😢
Yeah thats what happens when you Nobody has any money anymore and companies take adv of workers and price gouge