NOW is the WORST TIME to BUY!! Car Dealers are in SURVIVAL Mode...

Dealerships have taken advantage of people throughout the last few years... marking up their new and used vehicle inventory left and right. They didn't care about building lasting relationships with their customers, they just wanted to maximize their income... at the expense of their customers. The tables have turned. Dealers are struggling to make sales happen across the country. People are tires of overpaying for vehicles... Awful interest rates combined with exaggerated MSRPs have drove people out of the market. When you sprinkle in the extremely high insurance premiums, people can't take it. This has led the record high repo rates and loans defaults across the US. People are walking away from their auto loans. The cost of living no longer jives with new vehicle ownership.

In this video I present some staggering stats and facts about the new and used vehicle market. Details that are alarming yet indicative of what the future holds. I don't recommend buying a car in 2024 if you can avoid it. Things will only get worse before they get better, I'm sure of that.

If you NEED a new vehicle, wait until at least April 2024 prior to starting your search. Retail market will have caught up with the wholesale market by then. The longer you wait into 2024, the better off you'll be I think. Your best bet (if able) would be to buy a cheaper used vehicle outright. Maybe $10-20K... avoid a loan with a terrible interest rate and get into a vehicle that will only take a minimal depreciation hit. Cheap vehicles won't come down much over 2024. Let me know your thoughts, do you think things will get better for the new and used car market in 2024? Thank you for watching as always.

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