Comments by "TeeKay" (@teekay_1) on "Car Questions Answered" channel.

  1. This is what happens when banks are overexposed to consumer loans; they want to show the cars as assets worth (at least) what was owed, but as they get more and more of these cars, they will be forced at some point to sell them well below what they show the book value. You may see banks starting to go under.
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  2. The reality is it always made more sense to fix what you already had.
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  3. The reason for only caring about current customers and not repeat buyers is the tenure of most salesmen these days is measured in months
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  4.  @tizodd6  "F150 starts at $35k; RAM 1500 classic starts at $30k; Silverado starts at $36k." Of course, but GM, Ford and Chrysler aren't actually making base models. And the allocations are so meager that a dealer would be committing financial suicide ordering one, even if the manufacturers let them.
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  5. If the list price on a pickup truck is $65K, why is that the dealer's fault?
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  6. If Ford cannot produce enough trucks, dealers either raise prices per unit or go out of business. BTW, hope none of you really believe ford cares about dealers putting markup on their products; you'll notice they raised prices themselves by an average of $4K this year when they increased output. Blaming the dealers for this is pretty silly.
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  7.  @cerebralassassin147  People should be clear that when (not if) the manufacturer screws you, you won't be able to use local resources for recourse; essentially the manufacturer will do what they want simply because they can lawyer up better than the consumer.
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  8.  @lot2196  Ford (nor GM) is set up to be a low-volume, high-end maker. The dealerships don't support that type of customer service, and Ford as a company isn't a "the customer is always right" kind of company.
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  9. Well you can't have markup and no demand. Something has to give in that situation.
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  10. Have you considered the dealers don't want their used cars competing against their overpriced new cars?
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  11. Ford is in worse trouble. Both GM and Ford are on a glide path to insolvency.
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  12.  @jdobbs7700  absolutely. I'm not sure if they're willing to take the price of that off. Last Honda I bought, they put on running boards and my wife said she didn't want them, she wouldn't take the car. They salesman said "okay, no issue, it's free" My wife said "you don't understand, I don't want the car with them on", and he gave us $100 to leave them on. Always go with your wife to play the "bad cop".
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  13. It will happen this year; there's a recession coming and dealers will need the cash to survive.
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  14. ​ @Anonymint-vj7bt  there's no doubt they'll do this, but from a long-term perspective, it's suicide for Ford & GM in particular. As you move upscale even a little, you reduce potential customers significantly. And as far as EV's, they're doomed to be no more than 5% of the total mix of cars, simply because there isn't enough raw materials to make them and there isn't enough electricity to power more than that. Even time I bring that up with the EV crazies, they always say "they'll figure that out".
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  15. The Honda Dealer and Toyota dealers in the DC area have almost no inventory and are selling mostly used, high-margin vehicles like 1 year old Corvettes, Teslas, Caddies, Mercs, BMWs. They've gotten rid of most of their salesmen, and ended sunday hours
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  16. I have to chuckle that people are complaining about dealers adding markup, and they want to get rid of dealers, because they believe Ford and GM will treat them better. Meanwhile GM and Ford are jacking prices through the roof, and nobody can afford them. How will you negotiate with GM and Ford if the dealers are gone?
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