New Cars piling up.











BigD said:
Another source on car market. There are several but this guy is pretty credible.

youtu.be

The STAGGERING amount of late payments could CRIPPLE the car industry.

#cars #dealership #pastdue #delinquent #repo Here's what's going on with borrowers in the auto industry. All-time high number of late payments could cripple ...
youtu.be youtu.be
Click to expand...
It's an interesting topic I look forward to checking out some of these thanks for posting. My uncle and a good friend of mine sell cars for dealerships on the smaller side I'd say. And my friend has said there's certainly been a tide shifting.

Those guys make so much $ it's unreal. My buddy says they bake in a 4k profit on every car BEFORE getting to negotiating. Which he says they really don't do much of. It's pretty much take it or leave it. I look forward to seeing my uncle for Turkey day and learning how his yr has been.
 


Hawkfnntn said:
It's an interesting topic I look forward to checking out some of these thanks for posting. My uncle and a good friend of mine sell cars for dealerships on the smaller side I'd say. And my friend has said there's certainly been a tide shifting.

Those guys make so much $ it's unreal. My buddy says they bake in a 4k profit on every car BEFORE getting to negotiating. Which he says they really don't do much of. It's pretty much take it or leave it. I look forward to seeing my uncle for Turkey day and learning how his yr has been.
Click to expand...
Let me know what he tell you. Are they sticking with certain auto makers or do they deal in a variety of brands? Obviously for the average family the top makers are going to be Japanese brands. Usually Toyota is your biggest seller, especially when it comes to Hybrids. I see where Mazda and Toyota worked together on the Mazda 5O's recently, but Mazda has decided to manufacture their own CX-50 engines.

I've also noticed over the last two years that Mazda's competitors have updated the interior of the automobiles to keep up with what Mazda has done to make the interiors more luxurious and more like European cars.

The Toyota's are world renown for their dependability along with Honda, however one criticism of Toyota was the basic plastic interior. In the past I have chosen Honda's over Toyota because of their cheap interiors. Even simple things like the glove compartment doors. I chose a 2015 CRV over a 2015 RAV-5 just because the glove compartment door in the RAV-4 that year looked like a cheap plastic kids toy. Toyota has finally put better quality into their interiors, but they are still lagging behind the Mazda's in that regard.

I recently have been looking at 2025 pickup trucks. One day I revisited a Toyota dealership to take a second look at their Tundra's. A salesmen came out to greet me and we discussed the Tundra's they had on their lot. He said the best deal he could give me was two thousand off the sticker price. I told him that, that's odd your sales manager offer to take off $4000 of the exact same truck two weeks ago. "Oh I didn't know that. " Well, I am sure that same manager want to move those trucks that have been sitting their getting lot rot all year, and surely he will take off more than the $4000 he already offered me on that $65,000 pickup. I have two great vehicle's in my garage so I have the advantage and can just walk away from any dealership.

Right now the advantage is to the buyer. people just need to say no to them and start walking off the show floor. Some are half way descent business people and others will rob you blind if you let them.

I owned a 2015 CRV we bought new, fully loaded, leather seats, no damage, low mileage less than 40k miles and always garaged. We don't smoke and the CRV was like new. I went into the Honda dealership to see what they would give me for the car on an new 2022 CRV. They offered me $9000 on a trade in for their new 2022 CRV models. I just got up and left.

I then drove immediately over to the Mazda dealership and they offered me $18,000 on a trade in for their 2022 Mazda CX-5 that was fully loaded and an all wheel drive to boot. SOLD!!!! Interestingly enough my 2015 Honda CRV sold the next morning. If I had to guess I would say they probably sold our CRV for well over $20,000.
 


BigD said:
Let me know what he tell you. Are they sticking with certain auto makers or do they deal in a variety of brands? Obviously for the average family the top makers are going to be Japanese brands. Usually Toyota is your biggest seller, especially when it comes to Hybrids. I see where Mazda and Toyota worked together on the Mazda 5O's recently, but Mazda has decided to manufacture their own CX-50 engines.

I've also noticed over the last two years that Mazda's competitors have updated the interior of the automobiles to keep up with what Mazda has done to make the interiors more luxurious and more like European cars.

The Toyota's are world renown for their dependability along with Honda, however one criticism of Toyota was the basic plastic interior. In the past I have chosen Honda's over Toyota because of their cheap interiors. Even simple things like the glove compartment doors. I chose a 2015 CRV over a 2015 RAV-5 just because the glove compartment door in the RAV-4 that year looked like a cheap plastic kids toy. Toyota has finally put better quality into their interiors, but they are still lagging behind the Mazda's in that regard.

I recently have been looking at 2025 pickup trucks. One day I revisited a Toyota dealership to take a second look at their Tundra's. A salesmen came out to greet me and we discussed the Tundra's they had on their lot. He said the best deal he could give me was two thousand off the sticker price. I told him that, that's odd your sales manager offer to take off $4000 of the exact same truck two weeks ago. "Oh I didn't know that. " Well, I am sure that same manager want to move those trucks that have been sitting their getting lot rot all year, and surely he will take off more than the $4000 he already offered me on that $65,000 pickup. I have two great vehicle's in my garage so I have the advantage and can just walk away from any dealership.

Right now the advantage is to the buyer. people just need to say no to them and start walking off the show floor. Some are half way descent business people and others will rob you blind if you let them.

I owned a 2015 CRV we bought new, fully loaded, leather seats, no damage, low mileage less than 40k miles and always garaged. We don't smoke and the CRV was like new. I went into the Honda dealership to see what they would give me for the car on an new 2022 CRV. They offered me $9000 on a trade in for their new 2022 CRV models. I just got up and left.

I then drove immediately over to the Mazda dealership and they offered me $18,000 on a trade in for their 2022 Mazda CX-5 that was fully loaded and an all wheel drive to boot. SOLD!!!! Interestingly enough my 2015 Honda CRV sold the next morning. If I had to guess I would say they probably sold our CRV for well over $20,000.
Click to expand...
They work for different dealerships I think both are just a mixture of everything mostly used cars. But they do sell some new ones too. I guess my buddies place is pretty big one cause they have branches of Ford/Chevy/Dodge, Chrystler and I don't think they do Toyota though. Not new anyway.

My buddy used to be a salesmen but now he's just doing the financing part where they have a relationship with like 7 different lenders and he's who helps them decide which one to use. They deal with lots of folks with shitty credit they lend cars to folks hovering around 500 ratings it's pretty wild. Another part of the reason so many cars are getting repoed. The sneaky financing that they do is how they try to bake in their profit so that within a handful of payments they get their kickback from the lenders. How much that is usually depends on the price & credit rating of the buyer.

I drive an 09 H3 with under 85k miles on it. I've had it 5 yrs and don't have to drive much. Paid cash for it 17k for it never owed anything on it. Unless I magically get rich I won't have a reason to get a loan for a car. My desire for something new and expensive is extremely low on my priority list.
 


Hawkfnntn said:
It's an interesting topic I look forward to checking out some of these thanks for posting. My uncle and a good friend of mine sell cars for dealerships on the smaller side I'd say. And my friend has said there's certainly been a tide shifting.

Those guys make so much $ it's unreal. My buddy says they bake in a 4k profit on every car BEFORE getting to negotiating. Which he says they really don't do much of. It's pretty much take it or leave it. I look forward to seeing my uncle for Turkey day and learning how his yr has been.
Click to expand...
Around here there are more and more dealerships going to the no-haggle model and it's great. Used to be the no-haggle places just jacked prices to make up for it, but with the internet now you can price shop every dealer in a 100 mile radius in 30 seconds. The other thing they'd do (and still do) is nail you on fees and financing, but if you don't get financing pre-approved with your own bank first you're a dumbass anyway.

I've talked to a guy who works for one of those dealerships and asked how they make it work and at least where he's at he says it's way easier to hire salespeople because you're not really hiring people who have to "sell" anything. You're basically hiring people to do paperwork and give a scripted pitch that just says, "Here's why this is a better deal." You can pay people a lot less salary to do that. No commissions, no hours of back-and-forth, no 2 weeks of phone calls and phoney baloney. He also says they get a lot of customers who hate the haggle portion of car shopping so they just come there because it's less stressful. It must work because more places are going that route.

I'm not scared off by haggling, I'm the type of guy who walks in a dealership and tells the sales guy/gal that I'm not going to buy a warranty, paint pro, or anything else other than the car, period. That's where they make all their margin and it's what the sales staff get rewarded for the most so I get a cold shoulder right away, but at least I'm not wasting my time or theirs. I was blessed to be born someone who doesn't care if a salesman or anyone else doesn't like me.
 


Fryowa said:
Around here there are more and more dealerships going to the no-haggle model and it's great. Used to be the no-haggle places just jacked prices to make up for it, but with the internet now you can price shop every dealer in a 100 mile radius in 30 seconds. The other thing they'd do (and still do) is nail you on fees and financing, but if you don't get financing pre-approved with your own bank first you're a dumbass anyway.

I've talked to a guy who works for one of those dealerships and asked how they make it work and at least where he's at he says it's way easier to hire salespeople because you're not really hiring people who have to "sell" anything. You're basically hiring people to do paperwork and give a scripted pitch that just says, "Here's why this is a better deal." You can pay people a lot less salary to do that. No commissions, no hours of back-and-forth, no 2 weeks of phone calls and phoney baloney. He also says they get a lot of customers who hate the haggle portion of car shopping so they just come there because it's less stressful. It must work because more places are going that route.

I'm not scared off by haggling, I'm the type of guy who walks in a dealership and tells the sales guy/gal that I'm not going to buy a warranty, paint pro, or anything else other than the car, period. That's where they make all their margin and it's what the sales staff get rewarded for the most so I get a cold shoulder right away, but at least I'm not wasting my time or theirs. I was blessed to be born someone who doesn't care if a salesman or anyone else doesn't like me.
Click to expand...
Yeah buying vehicles isn't something I do often. I've owned 4 vehicles that I've purchased and the last one I bought outright. The most I spent on a vehicle was 22k back in 2012 I bought an 09 silverado extended cab. These 50k plus numbers are wild to me. I had it up til like 2018 I think when I got my H3 I have now that I just up and paid for.

It's wild when you think about the families out there that have 2 or 3 cars they owe a lot of $ on. How does one dig out of that?
 


Hawkfnntn said:
Yeah buying vehicles isn't something I do often. I've owned 4 vehicles that I've purchased and the last one I bought outright. The most I spent on a vehicle was 22k back in 2012 I bought an 09 silverado extended cab. These 50k plus numbers are wild to me. I had it up til like 2018 I think when I got my H3 I have now that I just up and paid for.

It's wild when you think about the families out there that have 2 or 3 cars they owe a lot of $ on. How does one dig out of that?
Click to expand...
Pickups are wild. If you're looking at a new Chevy crew cab or anything above base/work truck trim level you're looking at $70K and up from there. I bought my house in 2005 for $59,000 lol.
 


BigD said:
Let me know what he tell you. Are they sticking with certain auto makers or do they deal in a variety of brands? Obviously for the average family the top makers are going to be Japanese brands. Usually Toyota is your biggest seller, especially when it comes to Hybrids. I see where Mazda and Toyota worked together on the Mazda 5O's recently, but Mazda has decided to manufacture their own CX-50 engines.

I've also noticed over the last two years that Mazda's competitors have updated the interior of the automobiles to keep up with what Mazda has done to make the interiors more luxurious and more like European cars.

The Toyota's are world renown for their dependability along with Honda, however one criticism of Toyota was the basic plastic interior. In the past I have chosen Honda's over Toyota because of their cheap interiors. Even simple things like the glove compartment doors. I chose a 2015 CRV over a 2015 RAV-5 just because the glove compartment door in the RAV-4 that year looked like a cheap plastic kids toy. Toyota has finally put better quality into their interiors, but they are still lagging behind the Mazda's in that regard.

I recently have been looking at 2025 pickup trucks. One day I revisited a Toyota dealership to take a second look at their Tundra's. A salesmen came out to greet me and we discussed the Tundra's they had on their lot. He said the best deal he could give me was two thousand off the sticker price. I told him that, that's odd your sales manager offer to take off $4000 of the exact same truck two weeks ago. "Oh I didn't know that. " Well, I am sure that same manager want to move those trucks that have been sitting their getting lot rot all year, and surely he will take off more than the $4000 he already offered me on that $65,000 pickup. I have two great vehicle's in my garage so I have the advantage and can just walk away from any dealership.

Right now the advantage is to the buyer. people just need to say no to them and start walking off the show floor. Some are half way descent business people and others will rob you blind if you let them.

I owned a 2015 CRV we bought new, fully loaded, leather seats, no damage, low mileage less than 40k miles and always garaged. We don't smoke and the CRV was like new. I went into the Honda dealership to see what they would give me for the car on an new 2022 CRV. They offered me $9000 on a trade in for their new 2022 CRV models. I just got up and left.

I then drove immediately over to the Mazda dealership and they offered me $18,000 on a trade in for their 2022 Mazda CX-5 that was fully loaded and an all wheel drive to boot. SOLD!!!! Interestingly enough my 2015 Honda CRV sold the next morning. If I had to guess I would say they probably sold our CRV for well over $20,000.
Click to expand...

I purchased a 2012 Honda Civic LX with 40,000 miles on it from a friend who could no longer drive

He sold it to me for $6,000

Runs like a sports car and it is fun to drive, just had to put new tires on it and it has a Nakamichi
Sound System

They are similar to a vampire and will last for thousands of years
 




thedukeofearl said:
I purchased a 2012 Honda Civic LX with 40,000 miles on it from a friend who could no longer drive

He sold it to me for $6,000

Runs like a sports car and it is fun to drive, just had to put new tires on it and it has a Nakamichi
Sound System

They are similar to a vampire and will last for thousands of years
Click to expand...
That’s an awesome deal!!!
 


Fryowa said:
Pickups are wild. If you're looking at a new Chevy crew cab or anything above base/work truck trim level you're looking at $70K and up from there. I bought my house in 2005 for $59,000 lol.
Click to expand...
Yeah my old man has an F250 diesel he spent north of that on I think it was a 2017 model I can't remember but it wasn't cheap either.
My first home I bought as a 22 yr old kid was a 3 bdroom 1200 sq foot townhouse in Dsm for 62k. I'd always said back then if it doesn't come with 2 bathrooms I'm not spending north of 50k on it and I haven't seen a car or truck have those yet
 


Automakers can't make money selling a $10,000 car.
So, they make $50,000+ cars.
Not enough meat on the bone. Especially when trucks are so popular with people who don't actually need a truck.

Mix in the stupidity of cash for clunkers wiping off cars that might be had today for $2000-$3000 that run and might have 50k-100k miles left if you get lucky. There's no 'beater' cars out there that we used to spend $1000 on and hope it would get you 6-12 months of use for a high school kid.

So you're stuck spending $2500 on a that "looks great, starts right up, but won't go in reverse".
Or $7k-$8k Mazda that's in great shape and should give you 150k or more. It's just that it's 14 years old and IF something significant goes wrong, it becomes an expensive brick because the only place you'll find a transmission is at a pick and pull in Poughkeepsie and it's already got 300k miles on it.
About the best you can do is get a $10k on a 10-12 year old Civic/Corolla.

I'm still waiting for MY electric vehicle. Not because I'm a greenie or anything. Other than, I won't mind not stopping at gas stations unless I was travelling. Internal combustion cars are just stupid. Stupidly inefficient. Using small, timed explosions for motive power? Internal combustion engines are merely steel hospice. There are so many points of failure. So many more parts involved in just making the wheels turn.

Of course EVs have failures and stuff too. But, in my mind...MY EV would be a very simple machine. A central computer with lots of things connected to it. The motor. Windshield wipers and windows with little motors. A heater and an AC. And if that heater goes bad, I should easily be able to unplug the wiring harness, unbolt the thing....put a new one in and plug it back in and I'm back in action. And yes...yes....buh buh batteries. I get it. But in theory, if they build this thing right, and keep updating the computer......MY EV would actually be a superior car after 10 years from the day I bought it when I finally have to replace the batteries.

I mean, I think I could build this thing. I'd use off-the-shelf smaller motors. One on each wheel. Off the shelf headlight bulbs that never change. And the dashboard would have 4 quick release levers on it that would let me pop the dash off anytime. And everything behind that dashboard would be in easy reach.

Because f*3k Detroit. GM and Ford literally must have the most worthless engineers of all time. I don't deny they can make great cars. They just can't make great cars that sensible people are happy with. And damn, do they scrimp on the plastic gears on blend door actuators.

I dunno if Honda or Toyota's have the same senseless engineering that makes access to a <$1 part that fails ALL THE TIME completely inaccessible. I've had two USED Hondas now for 5 and 6 years. And they don't use parts that break. 11 years total and neither car has been in the shop for anything other than consumables (tires, oil change, belt change, breaks).
 


dagdaj said:
Automakers can't make money selling a $10,000 car.
So, they make $50,000+ cars.
Not enough meat on the bone. Especially when trucks are so popular with people who don't actually need a truck.

Mix in the stupidity of cash for clunkers wiping off cars that might be had today for $2000-$3000 that run and might have 50k-100k miles left if you get lucky. There's no 'beater' cars out there that we used to spend $1000 on and hope it would get you 6-12 months of use for a high school kid.

So you're stuck spending $2500 on a that "looks great, starts right up, but won't go in reverse".
Or $7k-$8k Mazda that's in great shape and should give you 150k or more. It's just that it's 14 years old and IF something significant goes wrong, it becomes an expensive brick because the only place you'll find a transmission is at a pick and pull in Poughkeepsie and it's already got 300k miles on it.
About the best you can do is get a $10k on a 10-12 year old Civic/Corolla.

I'm still waiting for MY electric vehicle. Not because I'm a greenie or anything. Other than, I won't mind not stopping at gas stations unless I was travelling. Internal combustion cars are just stupid. Stupidly inefficient. Using small, timed explosions for motive power? Internal combustion engines are merely steel hospice. There are so many points of failure. So many more parts involved in just making the wheels turn.

Of course EVs have failures and stuff too. But, in my mind...MY EV would be a very simple machine. A central computer with lots of things connected to it. The motor. Windshield wipers and windows with little motors. A heater and an AC. And if that heater goes bad, I should easily be able to unplug the wiring harness, unbolt the thing....put a new one in and plug it back in and I'm back in action. And yes...yes....buh buh batteries. I get it. But in theory, if they build this thing right, and keep updating the computer......MY EV would actually be a superior car after 10 years from the day I bought it when I finally have to replace the batteries.

I mean, I think I could build this thing. I'd use off-the-shelf smaller motors. One on each wheel. Off the shelf headlight bulbs that never change. And the dashboard would have 4 quick release levers on it that would let me pop the dash off anytime. And everything behind that dashboard would be in easy reach.

Because f*3k Detroit. GM and Ford literally must have the most worthless engineers of all time. I don't deny they can make great cars. They just can't make great cars that sensible people are happy with. And damn, do they scrimp on the plastic gears on blend door actuators.

I dunno if Honda or Toyota's have the same senseless engineering that makes access to a <$1 part that fails ALL THE TIME completely inaccessible. I've had two USED Hondas now for 5 and 6 years. And they don't use parts that break. 11 years total and neither car has been in the shop for anything other than consumables (tires, oil change, belt change, breaks).
Click to expand...
Hybrids are the way to go IMO.

But...I need an SUV...$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Hybrid SUVs, even used, are so expensive it really doesn't offset the cost of gas. There are Toyota and Honda gas models that are so trouble-free they've really eliminated the benefit to this point unless you're a tree hugger and I'm not.
 


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