Car Market Update For New & Used Vehicles in 2024

Buy only what you have cash on hand. Buy a car 1500 cash. Put 500 per month you would have paid in payments. Drive that cheap car until the tires fall off. In only 1 year you will have 6 grand. Over time have cash to buy brand new and no psyments

I wanna get my first car but it’s hard to find a decent used car at the prices people have listed

What is the website/ tool that shows the inventory? This would be very useful when shopping. Anyone have a link?

Advice on a 2023 used or new F150 Raptor R purchase in 2024…or on a new (maybe used) 2024 Raptor R with refresh in mind?

Excellent data and well presented. I have a question. I am in the market for a used 2500 Dodge Ram Truck. I could pay cash but I am also considering financing. The best rate I've been quoted from my credit union is 7.99% for 12-72 months. If you are wondering our credit score is top-tier and then some. I realize no one has a crystal ball but what would be your interest rate expectations (all things considered) regarding used car loans over the next 12 months. Thank you and keep up the good work!

These dudes been preaching the same bs for years 😂. Both are clueless because they read a dumb website they think they know about the market .

53 years of selling. My present 2 cars are a 2010 Ford Flex, 266,000 miles, 1 water pump repair, $880.00. The other is a 2002 Ford F150, 381,000 miles, 1 fuel pump replace. Service your cars.

Vroom just shut down.

Yup my Honda Accord transmission took a dump at less than 70k miles. Ridiculous

People are going to stop buying new and start buying used. And this is going to raise used car prices even more

I have a 2012 Dodge ram quad never had a problem I am the of getting another Ram should I get a 2017 Ram or Toyata Tundra

I work at subaru. We have a ton of inventory…

Just bought my Infiniti off lease $20,000 (45k miles) over $60,000 for the new model (no advancements) I’ll keep it till the warranty runs out. A couple of years without payments will hold me over nicely till ready for an upgrade.

Prices are down but banks aren’t lending and it’s harder to get approval 😂 this is a joke now. Car dealerships did this.

Been starting to try finding 1 ton pick up truck to trade in my 2008 f350 now that they're starting to be more reasonable

Honda dealership now have a hassle free price. They refuse to negotiate and won't even budge over $1! This is plastered on their website and at their sales desks. This makes it impossible for negotiations to happen.

haven't seen prices changing at all in the southwest, more inventory but sure as hale isn't a buyer market, nope, if it they are not budging in the southwest, i'v been looking pretty much every day for 5 years now, I watched it go up and go crazy, then the interest rate climb, but yet to see the asking prices come down, they still want to sell a 5yr old truck with 135,000 miles on it for $39k, basically the asking price when new, in some cases MORE then... I amnot seeing it budge, this is used pricing..

What about Porsche? First second gen Cayenne? GTS? Please advise 👍

Yeah Im so under on my car Im force to keep it unfortunately

Hit $170k today Thank you for all the knowledge and nuggets you had thrown my way over the last months.Started with 14k in last 4months 2023

You guys are incredible.

Problem is, interest rates are still too high causing higher monthly payments

You guys have been putting out these car market crash videos for like a year now. When are we going to see it in real life?

Cool video guys… The incoming spring/tax season is going to push used prices right back up especially in the $20k and under segment. It always does every year. Perhaps that’s why dealers aren’t willing to take a loss on their current inventory because they know that’s right around the corner.

How much do dealers make on a truck sale on say a 60 k truck…… 7k 8k 9 k????

A storm is brewing. It starts with a "R". Loan defaults are on the rise. It could actually get worse before it gets better. I suggest holding out a little bit longer to buy a car.

I have problems with dealerships removing their BS “3M protection” $2500 fee. I feel it’s a BS way to add more money into it.
Or for a truck we were looking at, tires were bald. Asked them for 4 that actually cones on the truck factory. They said they had tires which are cheaper and would install them. We said no. Spend the extra $100 per tire or we walk. Welp..we walked. After his 3rd call after we left, we told him not to call us again. They’re desperate but still idiots.

Please shed some light on how used car dealers (family businesses) navigate these time?

Inventory shortage wasn’t in dealer’s control.

Interest rates are not in dealers’s control.

Book values increase or decrease aren’t in dealers control.

I know you talk down upon dealer, but they have employees and families to support. So let’s find content that will help them as well.

I saw at a dealer in Chilton, WI $7,000 to 11,000 off on trucks and cars. this was not a used dealership but a NEW car. It was put on the sides in BIG bold yellow numbers.

My trade value has dropped $2,400 in less that a month. I’m not giving my vehicle away, so they can in turn sell for $7000 more than they gave me.

Personally, I like to buy used cars from the prior owner and sell my old cars myself. The only exception might be a good deal on a CPO vehicle with a warranty. Otherwise, why pay a premium for a used car for which you have zero idea who owned it before you and how he or she cared for it?

I recently found a super clean 2019 model with only 14k miles and the prior owner had a factory extended service agreement through 7/2026 that I transferred to my name for $50. The prior owner was a fanatic about maintenance and he only washed it by hand since new.

Of course, having some cash and the ability to buy a new car while waiting to sell my last one helps immensely. I am also a bit of a freak since I enjoy the hunt and the process.

Iff you want to help maybe tell poeple how dumb it is to do the 90 days no payment?

Great job guys happy new year 😁

Ford just told me I wouldn’t be able to find a ford ranger anywhere and told me I could wait for a Ford raptor at 85,000. The kicker is they then tried to sell me a maverick off the lot. Ugh so tired of the salespeople and the male salesman toughing us. Why?!

Kias poop after 8k

The greedy dealers are trying to outlast the consumers and still refuse to budge on outrageous used prices. They know the market is turning against them but they refuse to take any loses.

I am approaching my lease maturity and have not been able to accept an offer. It’s pretty scary. Dealers don’t budge. Would February be a better month to revisit dealers? Thanks so much for your content

Another GREAT video...I have been delaying my purchase for over !!!2YEARS!!! waiting for the car market crash that NEVER happened. My gold nugget takeaway from today was, because I hold my cars for a long time, was the recommendation to buy the 2023 vs 2024 as the better value.

If you finance a vehicle, you can't afford it.

How muchis my cars value 2017 Ford edge 180,00] miles

You guys are one of the best new channels that I found my family and I are looking at upgrading our van your Market updates are so insightful thank you both and it's a great father son mix

If interest rates weren't so high it wouldnt be bad. Even for used cars. But 7-9% interest rate and with over an 800 CS. Like no thanks

My local dealership is still selling cars above msrp and they're last year model. Over 1.1k in inventory.

Took delivery of my ordered 2024 2500HD this week. Did NOT pay MSRP and refused to let them have my trade. Sold my trade months back for $5500 more than the trade offer. Made the deal under the assumption that I was financing then excused myself and made a bank withdrawal😂. I was ready to buy a new truck just as covid started and have been banking the imaginary payment for 4 years.

Thanks to you guys I was prepared for the showroom showdown😂😂

I went to buy a 2010 used car that was listed at 20k. Dealer Financing came back and said the bank would only give them 16k for the car. They are literally expecting someone to give them 4k cash down. If the bank won't give you the money for the car then what makes them think I will.

I see a few more cars on the lots but there aren’t any real deals .

I am patient. I'm driving my Mighty 2015 Nissan Versa likely until it is totaled in an accident or the cost of repair is a big one..... (i.e. CVT transmission needs replacement). Once the car hits ten years of age I can start sniffing around for a replacement, but in no rush.

Can we get a projection on the year video? Chip shortage is known and allocation forward should be pretty squared for at least 1-2 quarters. When does Sienna free up?

I bought a 2024 2500 Chevy 4×4 truck with gas 6.6 and the Allison transmission and Z-71 off road package. This was in June and i got the GM family discount so it was $51,000 i thought it was a good deal for the amount of truck i got.

Why does the boy always have a shocked expression on his face ?