Welcome back to another video on the Espot channel and you're probably wondering: F-spot Gordon What in the world are you doing on top of a rooftop with a bunch of jeeps? Dodge products Challengers Chargers Pacificus minivans, so on and so forth. Well, I Stumbled across this particular parking lot while I was charged by Tesla and I noticed there was a lot of inventory just sitting around and I made a video about a year year and a half ago documenting the craziness that was the dealership Market the car market, and of course all the money. The free money that was flowing around during the pandemic in 2023. The new and used car market is much much different.
interest rates are up, repos are up, there's a downturn in the economy, the free money has stopped flowing, and of course the supply logistic issues with a lot of these cars no longer exist. And essentially what's happening is these dealerships are at least this particular dealership is storing excess inventory, hiding it, and of course, still charging markups which is half. Absolutely crazy. That being said, let's check out some of the cars here, some of the Jeeps here on this particular level and see what is on the Moroni sticker, what's the MSRP and what they're charging on top of the MSRP Because the MSRP of these cars were raised during 2020, 21 and 22 and honestly, times are a little bit different so let's take a look over here: MSRP 616 added markup five grand that Patrol fifteen hundred dollars paint and Fabrication another fifteen hundred dollars Ally Theft DNA a thousand nitrogen Tire refill 500 It says longer tire wear, improved gas mileage, and better braking and improved steering Total MSRP is seventy one thousand and ninety dollars on top of the sixty one thousand dollars for the base MSRP So not only did the Baseline of the prices increase, we're still adding all these crazy markups and all this excess inventory has been sat here for quite some time.
This is not the first time I've been to this particular lot. I've been here many months ago and it was basically this full. You're probably wondering Gordon Espa Come on. you're probably just picking on one particular car.
There's another one. Boom. Fifteen thousand dollar markup. That's crazy.
Five thousand dollar markup with all the random accessories right over here. I Mean go to any of these. Jeeps There's an additional markup and of course, all the added nonsense options from the dealership Now obviously. I'm sure you can negotiate with them because look how much inventory there is.
There's literally over a hundred Jeeps on this particular level. So I'm sure times are a little rough for these dealerships and you could basically negotiate your way and get a better price. but if they ever tell you there's low inventory, there's not a lot of cars for sale or Jeeps for sale or SUVs for sale. They are absolutely lying through their teeth.
Let's see if there's any markup on the vans. Come on! Original MSRP is 60 Grand They've added around four thousand dollars of options and Mark It's a little difficult to see, but we're currently going down a couple levels here. And just to give you the scale of how many cars there are here: I counted how many Dodge Challengers and Chargers of every variant there were in these two or three levels I think I counted over 100 or 112. So that being said, this is crazy.Look at this. let's see what kind of Mark We got a 15 000 markup. You cannot make this stuff up, but look how dirty these cars are. These obviously haven't sat here for quite some time and it's so unfortunate.
Let's take a look at this: V6 uh charger right over here asking 42 Grand and of course adding all the nonsense options right over there. So instead of 42, it's down 46. you're looking at a minimum of four to five grand over MSRP at least that's what the dealer is asking. Now you can obviously negotiate with the dealer and tell them listen, there's access.
Inventory times are a little rough and uh, want to lower the price a little bit. We got the RT trim Dodge Charger asking around four grand over a sticker. They'll still a few levels down there and there's more over here. These are just the Chargers We've got the Challengers the two doors over here.
Fans of the channel know that I'm a huge Aficionado of abandoned and Dusty cars in garages I Don't know what it is. It's kind of like a treasure hunt. I Love finding these things, these random spots in random garages And a friend once said if these cars could just talk, what is the story? What is going on over here? Got the 61 000 MSRP and you got ten thousand dollars of additional markup plus the four grand in options. Looking at 75 775 on a sixty one thousand dollar MSRP That's bananas dude.
Get out of here. Check this out. There's so many cars just collecting dust. Fifteen thousand dollars in markup for this scab pack as well.
We're here in the SUV section Grand Cherokee and there it is asking: 56 total is 65 000 over sticker. the gift that just keeps on giving. There's so many Cherokees Grand Cherokees Definitely getting those steps in today. That's what we got over here.
Yep, 38 asking 43. That is the end of our journey in this particular lot for just one dealership. Now my question to you guys the audience is this: Is this happening around the country? Is this just a Los Angeles thing? A valley theme? This is happening in the state of California West coast East Coast or the entire nation? Um, I Really don't know? Question arises that why is every brand underneath the Solantis umbrella group charging crazy amounts of money for tons of cars that are sitting at their Lots at least with this particular location. and I Watched a few videos where people were talking about the current car market with new dealerships and the CEO of Solantis essentially said they want to keep prices high and sell fewer units now I Don't know if that's really working with the current state of the economy increased interest rates, increase inventory, etc etc.but the proof is basically in the pudding. There are over three four 500 cars here. sat here, unused, unbought and unlocked. Anyways, on to the next dealership and let's see what else we find.
We're at the Lexus dealership. A lot of pre-certified cars, and of course every single pre-certified car is has the same nonsense three grand in permanent plate, next package and car alarm. So it is what it is. New inventory be damned Here at a Ford dealership, it's a little hard to see because it got tint but standard vehicle price 50 400 options and there's no markup on here.
Vehicle officers are 53 total destination charge and right over there we go to the grand total of 55. Now obviously we don't know there's additional markup when you uh, sign a paperwork, but my goodness, at least on the Maroney sticker, there's no markup for the time being, so we're currently here at the Maserati and Alfa Romeo dealership here. A lot of used cars and we have a Nissan GTR 2016 stock and none of these have prices so still playing the same old games left and right, front and center. Nothing has changed.
Let's take a look at this random used car over here. Mazda 3 No prices either. Honestly, the memes literally just write themselves at this point. And of course you have the tinting at the rear passenger or driver window so you can barely see the Maroney sticker.
And of course there's no price either, so that's so hard to read. There's so much reflection. Look at that same old silly naughty little tricks at the local Maserati and Alpha Romeo dealership. Now obviously there's no excess inventory to my knowledge, but each dealership does have like a massive parking garage right over there.
multi-story parking storage garage so to speak. So no prices, no prices, no prices. Geez, what an absolute waste of time if I was just driving around looking for cars and I had to talk to a salesperson to get any sort of Price look at this prior rental. no price.
What else can be said when a man puts on red wheels on a Lexus RX Trying to figure out exactly what happened to this? Transit Connect Down here, this part got smashed. This entire pillar over here got smashed. gonna roll over I Don't know. I Don't think so.
Check out the rear here too. Pretty wild. Okay, looks like someone's been through this car and took everything and check this out. Orange Matt Orange Yes, no plate.
Oh what happened to the rear driver side axle? Damn. And of course they took everything in the car too. Hopefully nothing got stolen. Geez, the Five series, huh? Even the wheels? Yeah, pretty amazing.
Yeah, that ain't gonna rap that's pain brother man or spray paint. Oh they go up recently I Don't like that.