My base model 2014 F150 with no upgrades and a 3.7L V6, non eco boost, has 165,000 miles on it and it runs perfect. I plan to run it past 300,000 miles. Why in the world would I ever buy a brand new $60,000 truck with all the new electric garbage and the unreliable eco boost engine, when my current truck would probably outlast the new one? Manufacturers need to keep offering super simple, no eco crap, bullet proof vehicles, instead of all these new fancy tinker toys.

I work for hertz and we are getting a lot of subarus, kia, nssan, Hyundai and big stuf gmc yukons and ford expeditions. Average price on the expedition and Yukon is over $75k.

Toyota/ Lexus has low supply because quality sells fast. I have owned other brands, but my 8 Toyotas (still have 5 of them) don’t let me down mechanically and they hold their value longer.

@music80s65

14 күн бұрын

Toyota supplies are low from the manufacturer building less cars to decrease inventories and selection to increase purchase prices.

The days when I would buy a car just because I wanted to are well behind me. When we stop trusting our primary vehicle (2017 Outback), we'll replace it. When our secondary vehicle (2001 Saturn) reaches end of life, we'll become a 1-car household. This from a car guy who used to have 6 cars. The thrill is gone. 😢

@NVRAMboi

14 күн бұрын

I get it.

@davidhickenbottom6574

14 күн бұрын

Keep it the new ones 2019 and on have a bad flaw in the cooling system. Expensive to fix. Mom has a 2018 Forester last year they had the good system

@stevemcdaniel7990

14 күн бұрын

I'm in just about the same state of mind! I used to look forward to changing vehicles every 4-5 years and once owned 3 vehicles at the same time, but this insane, completely disconnected to reality car market has put me on the sidelines for the foreseeable future!

@brooksschneider3441

14 күн бұрын

@@davidhickenbottom6574 Thanks for the information about the cooling system. I was going to see whether, if I asked Subaru really nicely, they would build me another 2017. Ours doesn't have GDI, auto shutoff, or a jumbo iPad in the dash, like the new ones.

@mikedgenx

14 күн бұрын

As a car guy myself I understand. Very frustrating 😢

My 2018 frontier just hit 100k miles and I think I’m going to keep it for another 5 years. Prices are completely disconnected from what people can afford and I refuse to over pay for a car

@johnsineni

14 күн бұрын

Dam my 2018 truck didn't even hit 23k miles yet, but my '11 sedan is not even at 100k yet. Bought both new and both had 6 miles on them. COVID reduced my driving to less than 4k a year. I plan on keeping both another 5-9 years.

@Spaethon

14 күн бұрын

My car is 26 years old, 233K miles, and I'll be driving her for 20 more years if at all possible. Living in Florida, rust isn't a big issue, and my engine is solid since My car was imported from Japan. No "made in Mexico" crap.

@teebee6149

14 күн бұрын

I’m in the 300k club I feel you!

@jakethesnake4971

14 күн бұрын

​@Spaethon what vehicle is it? A Toyota?

@MrSnazzy682

14 күн бұрын

Doubt it, you probably want a new car Imo lol

Ray, you are so spot on about people continuing to purchase cars, and were very kind about how you put it. Honestly, consumers can’t get out of their own way because they continue going out there and buying the same overpriced cars they complain about, and it screws everyone. As long as consumers are willing to take on a $1,000+ car payment and buy more car than they can actually afford, manufactures will continue increasing prices.

@Spaethon

14 күн бұрын

I'll be driving my '90s car for the next 20 years at all costs. Otherwise, I'll just buy another '90s car for dirt cheap and take excellent care of her too.

@daveperk

14 күн бұрын

The ones complaining about pice and the ones buying are not the SAME consumers. But it’s too many, in any case.

@ChrisGenXer

14 күн бұрын

@@daveperk You bring up a good point. I’d love to know the statistics. I know so many people who make six figures and pay well over $1K/mn for a vehicle, then complain about their payments…it’s unreal. One couple I work with have a combined income of over $400K/yr and they went out an leased a Mercedes for $1600/mn. I gasped 😳 when she told me that, then she shared how her mortgage was $6,600/mn and I was baffled because she was complaining how expensive everything is, but there she is buy it???

@JCreole

14 күн бұрын

💯 correct… Hold the line people

Like he said the other day…STOP BUYING THEM

There is 1 button to show price with no discounts or savings. 1 click to change the gas savings to get exact savings for your circumstances. How hard is this and how is this hurtful to see both options?

100% chargers and challengers are advertised 25% off but the msrp is jacked all the way up.....

@Tellinhowitis121

12 күн бұрын

This is the Kohls model of selling

@slipknotron1626

12 күн бұрын

@@Tellinhowitis121 oh really? I don't shop there 😆

@christopherbrush7845

12 күн бұрын

I thought it was the JC Penny method!

Of course it will increase by 200% since PANDEMIC lows.

@timrussell5988

14 күн бұрын

Exactly, I am not sure this is “bad” news and indicates any kind of a sell off. To me it suggests things are getting back to ”normal”, if one considers pre pandemic inventory numbers normal.

@Spaethon

14 күн бұрын

The clickbait gets really annoying sometimes. Who gives a crap about inventory today versus pandemic low? Where are the numbers from last quarter till now, and year-over-year??

Was in the port of Jacksonville this week and South East Toyota port was full of cars? Land cruisers, prisus, highlanders, camary and 4 runners!! Day supply my tale they are holding!!

How do I find out how many cars are being made and sitting on lots for the mazda3 hatch and sedan?

I used to spend $100 or more filling up my F250 with double tanks, diesel to boot. (sold it a few months ago)

Not to nitpick but I did find a glitch in the CarEdge vehicle search as it pertains to trucks. You can't search by cab type. I was looking for single cab and had to manipulate by drive and price to get any to show up but certain I missed some.

It’s ridiculous how high the MSRPs are and how little dealers are still willing to discount. I appreciate that you use new information to adjust your views.

I drive past Fords Romeo engine plant every day, and for the last 10 years they have a had a section of parking lot not being used. Over a single weekend like 2 months ago a couple THOUSAND new trucks are now filling the lot parked just inches apart.

I purchased a 2018 F150 STX 4 x4 new in 2018 for $45,000. I just priced out a 2024 for 51,390.00. $45,000 x 12% inflation = $50,400.00. So there's that! 1.7% interest.

thank you!

I hope they don't sell shit. The manufacturers have been burning their customers for years and especially during covid !! The prices have skyrocketed over the last 10 years on trucks and SUVs and the quality has been on a steady decline. And now with this push of electric or hybrid vehicles that the majority of people don't want , its leaving a bad taste in the consumers mouths!!

It took all day damn it but I finally got to watch the whole post. I started live and ended at 2:30pm pst.

I'm watching a Bronco at a local Ford lot. Listed a few bucks off at $45000, and 150 days on the lot. Hoping to see more price drops, but not holding my breath.

My local dealer is trying to buy my car back off of me after 3 years since purchasing it. I got it right before the car market took a dump. I asked him why would I dump my car (that I'm $2800 in the green on) just to have to pay more to buy a similar car at a higher interest rate.

@oukastoukast

7 күн бұрын

Enjoy the "in the green" while you can. They all go in the red eventually.

@thejimmichanga2913

3 күн бұрын

@oukastoukast I put on average 4 to 5k miles on it a year. By the time it's paid off I'll have less than 60k on the odometer. Sure, cars lose resale undoubtedly, but I'll definitely be "in the green" for the remainder of my loan, which is all that matters to me at the end of the day. It's irrelevant anyways considering I'm not trading this in and plan on driving it until she blows. IF I ever do sell it, it'll be long after its paid off.

So my question is how do you get the best deal on a domestic SUV in my case a Tahoe loaded with sport package

I ran a comparison between New Brunswick NJ and Sidney NY on a 2023 Jeep a year ago. The identical Jeeps were approximately $42,000 at both locations. However, the average yearly income in New Brunswick was around $64,000, but in Sidney NY, a rural small town, it was $35,000. That Jeep was about 70% of the yearly income in one location, but was almost 130% of the yearly income in the other. It's a big disparity between populated areas and rural areas, where the cost of the Jeeps are the same. Rural people are getting shafted and a greater percentage of their wealth is being taken away for everyday needed items.

@Snowboarder16

Күн бұрын

Wow great posting😮

Ray and Zack, you say that CarEdge does not play games but today's subject is nothing more than clickbait which is not a good look for you. 1) The Car Market CRASH Of 2024. Where is the "crash?" When MSRPs drop a minimum of 40% that is just getting to where the price should be. 50% or 60% drop and maybe that is a crash. 2) Inventory SPIKES 225%. Only compared to the COVID low. Big whoop. At least add a clarifying comment about it being compared to the pandemic era low and even then it is not a "spike." It is a gradual increase since the low. Compare it to 2019 or a 2017-2019 average to be honest and ethical in your reporting.

@KingEdAV

14 күн бұрын

I agree. We’re still not back to normal inventory levels AND I have seen no price crash. I’ve been looking at several brands both new and used. Where’s the price crash? (Other than EVs)

@xiangli2452

14 күн бұрын

This is typical - popular channels (like scotty) like to use clickbaits for title - I do not mind that much as long as there is content.

@ndi5670

14 күн бұрын

Well, it wasn’t but a few days ago it seemed that they were saying a price spike .

@johngalt5411

14 күн бұрын

Yeah, I was thinking as the dealers had next to no inventory, so even if they've gone up 225% it just means that have twice as many as they did when they had close to none, so probably still not back to normal.

@tacotacotacobajablast6821

14 күн бұрын

they say all this in the video, dont be weak and gay.

Is it the cars price too high or the type of vehicle available? Will be nice to add a filter on your chart for vehicle type (ICE - Hybrid - EV).

Just bc they raise the MSRP does not mean people will pay more. Retail stores try this all the time... hold a sale and raise the base price. Won't work.

I bet we get to see the "new car inventory" number go up to 5 million in no time. Prices are still 5k-10k over sanity levels (minimum). Add to that, anyone who can do basic math knows they're gonna throw away ANOTHER 5k-15k in interest rates. Our lives suck...

I've been saying on this channel and others and I have chewed my wife's ear off, been telling everyone it's going to go back to the way it was. If manufacturing a single Tacoma or Civic so that 25 people can argue over it and start paying $7000 above asking just to be the "lucky one" to take it home, if that business model worked it would have been implemented 50 years ago. What happens is people start to "spill over" into other brands like Mitsubishi for example and Toyota and Honda start to lose market share because people are now looking for alternatives in a capitalist world. That's just how a free market works. Manufacturing 1 car for 25 people and then saying, oh, if you want one of your very own, place an order today and hopefully we'll have it in in 9 months that just doesn't work. It's going to go back the way it was.

@Spaethon

14 күн бұрын

Personally, my Mitsubishi is 26 years old, 233k mi, import from Japan, and I'm taking very good care of her to ensure I'll get another 20 years. Life without car payments is so wonderful.

@allangurr

14 күн бұрын

I used to drive toyotas but because of them not wanting to play ball I just bought a subaru. It seems to be another good quality car and its made in Japan. Plus it was over 5000 cheaper.

@Jeo-fq1zw

14 күн бұрын

I paid cash for my 2001 Miata and 2010 Lexus RX 350.

@daveperk

14 күн бұрын

Yep… the buying public will always look for alternatives.

@bills6093

14 күн бұрын

Well, inventory levels may look high compared to pandemic levels, but they remain very low compared to pre-pandemic levels.

How can one find the "days on the lot" for vehicles at dealerships?

@DemonBrandon

14 күн бұрын

Edmonds

Ray, you hit the nail on the head at the 5 minute mark.

I would like to look at day supply of those Explorers in a little while..in the days when cost of Camry goes down for 2025 MY to raise cost 5k for explorer...

Auto loan applications have been dropping and inventory has been rising for awhile... yet pricing hasn't been moving. When is this supposed crash supposed to happen?

@ExcitedIsoscelesTriangle-ot4rk

14 күн бұрын

According to these guys every other video sandwiched around the ones that say the opposite.

@johnPxIV

5 күн бұрын

​@ExcitedIsoscelesTriangle-ot4rk the answer is that nobody knows, but they do know that this is unsustainable. If you can't sustain it, then it's only a matter of time. Nobody is saying they know when it will happen, but that it will happen. Do you really think people can continue maxing their credit after their money runs out, and it won't have a rebound effect?

Some of the brands on the left are more competitive than the brands on the right because they offer more affordable vehicles to begin with. The Subaru Forester Sport I bought at the end of last year only had about $2000 in discounts below MSRP, but the MSRP on a really nicely optioned vehicle was $35,000. I got a MUCH better deal than getting $10,000 off a $60,000 Ford that's been sitting on the lot twice as long.

Is there a tool or resource that would give you the ability to see what vehicles are sold for?

I agree, and also think that, the manufacturers should be more responsible for, making vehicles easier to repair, rather than, or having to directly only repair to manufacturers or dealers, especially when they try to put the parts supplier out of business too!

Hello family question paying sticker $57,005.00 for a 2024 tradesman Ram 2500 159 wheel base a good price?? Or below that sticker?? They have like 100 of this vans for sale and they are highly motivated to move the vans help please 🙏

I want a fourruner but used with 50k miles are only a few thousand less than a brand new one. It’s crazy.

Interest rates are out of control as is msrp gone are the days of a new car every 2 years

Cars are now feeling the iPhone effect. Every year a new phone comes out, only slightly better/different than last years. Unit sales drop year over year, so price goes up year over year.

Never seen someone have more flat tires during a conversation than Ray

Just noticed that acording to FRED, Domestic Auto Inventories (AUINSA) are still near a multidecade low despite gaining from the last couple years. Doesn't this show that dealers have the capacity to handle larger inventories?

Great job guys please keep the info. Coming.

Prices might not go down, but hopefully the sales volumes fall off a cliff.

But, Plug in hybrids are so much more satisfying.

I just bought a cool new Fiat 500. I traded in my Audi A8 and got a pretty good deal. Should I get the extended warranty?

Ray, does caredge offer a car warranty program. I just purchased a used car and would like to check the affordability.

@RayandZach

14 күн бұрын

Here you go Daniel: caredge.com/extended-warranty. All the best, Ray

Why is the inventory info significant if it's not even in the ballpark of what it was pre-pandemic?

It is still difficult to get much off on Toyota and Honda vehicles even with more cars.

@TheLemart

14 күн бұрын

Yes most of these dealers still are charging add ons and Honda doesn’t want to give you a discount under MSRP even though their inventory is building.

I think everyone remembers how the dealers increased the prices above sticker price on vehicles when there was a chip shortage. Sometimes raising the prices of pick up trucks by $25,000 above sticker… this was not the manufacturers doing this, this was the dealer’s, I personally remember used car prices going up up up because of that shortage of chips because there were not as many new cars available. And the dealers jacked up the prices on the new cars, so used cars were not being traded in, and they were not available as much as a result, and the ones that were available, we’re selling for almost with the used cars cost when they were brand new, sometimes five years old.. there’s the supply and demand issue on paper, then there’s a greed issue in reality. I thought that was illegal to Jack prices up during a time of shortages with things like food, and lumber. I remember the president saying or claiming that was illegal and to report it when stores check prices up on things like plywood and generators during times of emergency like hurricanes. well, that was sort of an emergency, and the dealer’s were taking full advantage of the situation.. so now, here, a few years later, people remember that !!!!

Save up and pay cash then decide to keep your cash in your hand.

C8's is a bargain now, ima drive one of those

The cost of keeping the car in inventory even for a year is much less than selling it at a steep discount. This is why prices are not decreasing that much.

@bills6093

14 күн бұрын

3 million cars in inventory is small potatoes compared to pre-pandemic levels. Not really sure what the fuss is about? It only looks high compared to pandemic lows.

I visited 2 dealers in the last week and saw a few 2024 with 2 - 5 miles on them and sales man said they were being sold as a used car. Is this some way dealers are hiding these over valued used cars?

Duhhhhhhh! You are saying that chitty car manufacturers, IE almost all of them, are pulling the sos department stores do by having their half off sale but they marked everything up by 50% prior to the sale!!

If you are looking at a brand left of the green buy now. Inventory is low and if you find what you want do it. If you want a car right of the green line wait till a holiday or wait if you dont need. Deals are out there either way. I got a sportage hybrid 1150 under MSRP and got 1600 more for my trade in than expected.

The prices keep going up and so does the inventory...so what money are the dealerships paying their bills with?

Thanks a lot for sharing this video I was wondering if there was an email to reach out for your expert advice. I am negotiating for an Audi Q7 2021 ( 12000 miles) at an Audi dealership. We negotiated ( I just tried using some of your tips) from 47 K Out of the door price to 43 K. I am wondering if I still landed a good deal. Any guidance here will be really appreciated ( KBB has different values for dealer price/ individual price). Should I do further negotiation as we havent signed the check yet.

Feeling good about my 2024 Lexus purchase at invoice….best quality,reliability and customer satisfaction 🇺🇸

This clickbait with doom and gloom video is brought to you by car edge.

@ryannielsen3741

14 күн бұрын

I mean they are showing the numbers 🤷🏼‍♂️

@mhuff29

13 күн бұрын

3:08

We don't know if prices will come back down by 50% - agreed. What I can be sure of: - I will NOT BUY at these price levels - I will NOT BUY from any OEM that raised prices 50% - I will NOT BUY from any DEALER that had NITROGEN and other add-ons Instead, I'll keep repairing my 12+14 year old vehicles. The money earmarked for new cars remains INVESTED.

Let's see. We had a 89% inventory drop due to the pandemic resulting in a 225% increase from pandemic lows resulting in inventory levels BELOW the onset of the pandemic

@RobertBeedle

12 күн бұрын

So 26% of what you had pre pandemic

The same exact car both 2024 I mean exactly down to the color had 2 different msrp one was built 9/23 and the other built 4/24 was 1300.00 more expensive

Can you check Baxter Subaru dealership?

Stellantis is killing off Dodge, Chrysler, and Jeep. Sad day for Mopar enthusiast.

Just starting looking for used Mazda 3 and Honda Civic cars for son getting ready to drive. Used car prices still really high. Cannot find anything under $20k without really high mileage or very old. Even then, still going for $15-18k. The crazy part is I can find BRAND NEW options around $25-27k. Makes no sense that I can only save $3-5k going with 3+ year old car with less than 50-60k miles.

@jimyep9971

14 күн бұрын

Buy from a owner not car lot. youd be surprized.

@chrischapman3722

12 күн бұрын

In this car market I’d say it be worth just getting a new Honda or Toyota. They will last forever and not cost much more than a used one. Plus the car will be a fresh slate when it comes to maintenance. You never know how the previous owner took care of the car

What exactly does people need to stop buying mean what does the national average day supply need to become to affect the industry?

Did you get to try the coconut (or any other flavored) ice cream in Ponce?

Ray if the prices do not come down people will continue not to buy.

Crap I need Lexus to be on the other side of the green bar.

@mikehurt3290

14 күн бұрын

Same all the cars I want are on the left side

@jordanschellhase2952

14 күн бұрын

Been waiting for a Lexus IS 350 for over a year now

@MR3DDev

14 күн бұрын

@@jordanschellhase2952 Same. I think I am going for it on Labor day

They will run sales but only after they jack the msrp even higher.

What do you think of teslas 0.99 SPR promotion at the moment ?

I would like a 2023-2024 Camry XSE but can’t find a deal on them

Make a tracker of dealers nationwide that did not during the Pandemonium.

And here I'm a new hire as a Cars Salesman

How many vehicles have come off the lines and have yet to show up in dealership inventories? I.e. sitting in storage lots unshipped.

Good show guys. Really sweet that you tell each other you love them. Great example for others and their children. God bless you both.

MSRPs aren't going to go down YOY. It's a pricing and product growth perception issue. Manufacturers will continue to use incentives as needed to manage inventory levels because these are temporary discounts that don't reflect on the long-term pricing trends. It affects overall profitability, but that can sometimes be offset or otherwise clouded in the financials.

I wouldn't choose my next vehicle based on what has the highest days supply. I'm looking at pricing, quality and resale values. I'd much rather be able to get a slightly worse deal on a Toyota than get a big discount on a vehicle with poor quality, poor resale prices and probably overpriced in the first place. (I did, I purchased a Toyota 4Runner last September). My dealer was happy to let me put $5,000 down payment on American Express.

You guys RoCk , Ray cracks me up, he embarrasses Zack like only a parent can hahaha! Hey, Ray makes the show fun, not buying a car, I have a 2018 Ford fusion with only 36k and a do over ( Ford put in a new engine at 33k under warranty )so holding onto it until they bury me! 😝, so I tune in for entertainment, love and light guys!

All by design.

Are all the ford mavericks parked down there in Mexico?

I would never buy a new car today. I own a 01 4runner since 01. And, just bought an 01 Sienna with 66k miles, mint! For the wife. There’s no way in hell I’m going to finance anything and dedicate 7-800$ a month to a vehicle.

Why is Toyota still low in stock? Here in Florida my dealer wants 4-7 thousand over sticker. Not buying one.

I just read the comments to see what price others are paying for their vehicle.

Tim Kiniskis is getting out before the new "Charger" hits the fan.

How bout the relevant percentages be discussed... What is the inventory increase year-over-year, and the inventory increase over last quarter?

No discounts on HD Trucks or cargo vans.

Subaru and Nissan went to CVT trash transmissions from JATCO. Buy at your own peril.

Bought a Subaru about a month ago. Subaru or Spartanburg, fist offer was 2K under invoice and offered 3.9%. Treated me like I walked on water...

Toyota always seems to have “manufacturing problems” to keep their days supply down. They want people to think they are selling cars like crazy all the time when in reality they are not.

Love you guys. Watch you guys every day. Looking to purchase my lease or get a new vehicle. Any advice?

Sell below MSRP before EOY

A lot of young people know they will never have the money to buy a house - but they can buy a car. (which cost about the same as a house when I was a kid).

@stanmarcusgtv

14 күн бұрын

most don't even have the money to buy a car - they finance it and if you finance it you really can't afford it

@allangurr

14 күн бұрын

@@stanmarcusgtv Thats really not true. Never finance a car for over 3 years and always make sure you put at least half down. And make sure that the car your buying at putting half down does not cost you more the say 400 a month. I do no if your after a 90000 dollar car you have to put way more down then half to get a reasonable 3 year payment. So I guess buy with in your means.

@stanmarcusgtv

14 күн бұрын

@@allangurr not really you should never finance a depreciating asset

@allangurr

14 күн бұрын

@@stanmarcusgtv Sometimes its the lesser of 2 evils if it means you find a good paying job in another local to me its a good idea. The most impotant thing about debt of any kind is to do it wisely. In my life I have bought new cars both with cash and finaced as well it made no impact on me one way or the other as far as getting ahead. One thing i will say is that most of my cars were long term 10 plus years so that to can make a difference.

I get so sick of all these new car commercials touting “get a 1.2% APR or $1500 purchase allowance” but make no mention of the insane price that the interest rate or allowance goes against. Even if I was a millionaire, I would not be spending $60,000+ on a vehicle. I would have to be either completely insane or live in some market where I have no other choices. The automakers need to figure out how to streamline the production, cut out some of the stupid computer things in the vehicles, and get them out at a lower price. Those will be the vehicles people will actually buy in the future.

I guess the question is do you want a great deal on a questionable car ? I'm looking at your Stellantis.

Ray & Zach have been talking about this for over a year. Not going to happen, another bailout will be on the way very soon.

Easy fix: buyers required to put 50% down on new auto loans. Putting a huge chunk down fixes upside down issues when reselling plus forces manufacturers to adjust MSRP prices on their overpriced vehicles.

I have more respect for people who drive a Dodge neon than a Dodge charger

This is not rocket science: inflation, auto union contracts, interest rates.