Car Dealership Guy
@GuyDealership
Followers
463,295
Following
581
Media
2,447
Statuses
20,659
Your cheat sheet to the car industry. Host @cdg_podcast | Job Board | (NEW) Automotive Recruiting
Free car market insights ➔
Joined December 2021
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
LINGORM MACAU FANMEET
• 835182 Tweets
#FinalMGChaiNat25xENGLOT
• 392308 Tweets
#HOPCHIANGMAIxNuNew
• 272209 Tweets
Chelsea
• 181476 Tweets
#DolceGabbana
• 121353 Tweets
Sancho
• 57321 Tweets
#WHUCHE
• 56262 Tweets
Palmer
• 50257 Tweets
NEW x FEED Y AW24
• 46612 Tweets
تشيلسي
• 45222 Tweets
メイドラゴン
• 44058 Tweets
Enzo
• 41856 Tweets
Maresca
• 33523 Tweets
Nicolas Jackson
• 30339 Tweets
FREENBECKY POPULAR COUPLE
• 29991 Tweets
Caicedo
• 24807 Tweets
TSOU WIN SERIES AWARD
• 24675 Tweets
サヨナラ
• 22722 Tweets
オリックス
• 19532 Tweets
West Ham
• 18895 Tweets
ホークス
• 15477 Tweets
Fofana
• 12227 Tweets
Madueke
• 11007 Tweets
Kudus
• 10579 Tweets
CITYアニメ化
• 10465 Tweets
Pinned Tweet
The Story of Vince Sheehy: America's Most Interesting $2.5B Car Dealer!
• Does legacy matter?
• Influences of Buddhism
• The future of Ford
• His next dealership acquisition? and more!
My conversation with Vince Sheehy, President,
@SheehyAuto
:
2
1
20
This morning I discovered something *extremely* alarming happening in the car market, specifically in auto lending.
I'm now convinced that there is a massive wave of car repossessions coming in 2023.
Here's what I discovered (and what no one knows):
2K
10K
41K
Car A: 🚙
$65,000
Car B: 🚗
$25,000
Both cars drive you to work
One keeps you stuck there
814
2K
20K
Customer submitted this as “proof of income” when buying a car 💀 (friends picture)
517
1K
16K
Incase you’re feeling useless, remember that there are more Fiat dealerships in the USA than actual Fiats sold in all of Q3.
(359 dealerships vs 145 Fiats sold)
438
1K
15K
How do we feel about this? lol
1K
690
14K
Whoever builds the Spirit Airlines of Cars will become a billionaire.
A vehicle that is simple, cheap and safe.
Roll-up windows and shit.
The market is craving this.
3K
701
14K
People think you’re broke if you have a:
$10K 🚙
$1M net worth
But people think you’re rich if you have a:
$80K 🚗
$10K net worth
593
1K
13K
We just had an 820 credit score get quoted 8% from Capital One and 10% from Ally for a CAR LOAN. Have never seen that before.
917
1K
12K
I've said it once and I'll say it again:
Whoever builds the Spirit Airlines of Cars will become a billionaire.
A vehicle that is simple, cheap and safe.
Roll-up windows and sh*t.
The market is craving this.
2K
593
11K
Americans falling behind on car payments at higher rate than in 2009
December 2022 January 2023
633
1K
11K
If you have a:
$10K 🚙
$1M net worth
People think you’re broke.
But if you have a:
$80K 🚗
$10K net worth
People think you’re rich.
667
733
11K
Hi friends, some personal news:
Car Dealership Boy was born this morning ❤️
487
59
11K
The hottest car right now is NOT a Toyota or Tesla.
The hottest car right now is anything worth $7 to 15K (and in good shape).
It's what 90% of Americans can afford at the moment.
356
639
11K
Here’s a secret:
Some of the absolute best used car deals are posted on nursing home bulletin boards.
You’re welcome.
313
573
10K
The most dramatic price cuts the world has ever witnessed.
Crazy or genius. You decide.
1K
993
10K
What you see:
Shiny new BMW M8
What I see:
84-months of $1,600+ payments
521
629
10K
This isn't a shitcoin.
This isn't a meme stock.
This is the average monthly payment on a new car.
723
2K
10K
Market is literally FLOODED with Buicks.
They're rotting on car lots like trash.
You can score a deal on these if you're willing to suffer the embarrassment of being seen in one.
910
505
10K
If you have a:
$10K 🚙
$1M net worth
People think you’re broke.
But if you have a
$90K 🚗
$10K net worth
People think you’re rich.
492
762
10K
🤣
86
195
9K
People are not paying their car loans.
Auto loans delinquent (overdue) by MORE than 60 days are now up *26.7%* from a year ago.
Not a crisis just yet but watch this trend closely.
361
1K
9K
My advice to someone buying a BMW with over 100K miles:
458
324
9K
My advice to someone buying a 2009 BMW with over 100K miles:
543
296
9K
Imagine you’re a 750+ credit score.
Now imagine you come to buy a car and I offer you 9% APR 🤢
I don’t need to say much more.
High rates are killing the car business right now.
682
446
8K
How to know your status in life:
Do you have any blank buttons in your car?
535
342
8K
Just in:
A major bank is rumored to be exiting the auto lending business tomorrow.
They have over 3,000 dealer partners nationwide.
Unconfirmed but from a highly credible source, as always.
Will keep you posted.
438
768
8K
Hot take:
@Twitter
can become the world's number-one podcast platform in LESS than 90 days.
Posting the
@CDG_Podcast
directly on Twitter grew my active listeners by *400%* in 1 week.
Why? Because people can listen without going to another platform.
Here are 5 critical
519
657
8K
Many people have asked me to why I haven’t commented on the concerning auto loan data that just came out.
In case you haven’t heard…
The percentage of subprime auto borrowers 60+ days past due on loans hit a record 6.1% in September.
This marked the highest delinquency rate
679
1K
8K
Something very strange is happening.
Used car supply is at historic lows, yet we *just* experienced the largest monthly decline in used car prices on record.
But that doesn’t make sense — If supply is so low, prices should stay high… right?
Wrong.
It seems like between the
903
807
8K
You better not miss a car payment:
Ford has filed a patent that would allow self-driving cars to drive away from owners who can’t keep up with their payments 🙃
While the patent is not yet approved, the future is most definitely going to be wild.
518
1K
8K
Fascinating graphic showing political leanings of car owners
1K
878
8K
What you see:
Shiny new Cadillac Escalade
What I see:
84-months of $1,000+ payments
397
369
8K
Carvana may have just quietly started liquidating:
The company is now advertising its *retail* inventory to *wholesale* dealers.
Look at the $5,000 price difference. Wild times.
308
873
7K
This is wild.
Fiat sold only 144 vehicles in Q2.
Less than 2 vehicles per DAY.
Throughout the ENTIRE U.S.
I knew the brand was dead, but didn’t know it was THAT dead.
(via cox automotive)
606
584
7K
9 out of 10 people who own a pickup truck don't actually need a pickup truck
1K
393
7K
REMINDER
Super common mistake when buying a used car:
Not taking a high-speed test drive (60mph+).
Many mechanical issues can only be felt or heard at high speeds.
203
445
7K
On a call right now with an exec from a multi-billion dollar automotive company.
Asked him about electric vehicle sales.
His response:
“Tesla is the Apple of EVs. Everyone else is Android”
651
493
7K
Car A: 🚙
$65,000
Car B: 🚗
$25,000
Both cars drive you to work
One keeps you stuck there
202
580
7K
“I want a new Luxury car but also want to avoid expensive repairs”:
530
508
7K
Alright this is big news.
Used car prices fell 4.2% in June.
The second largest monthly decline in history.
244
624
7K
you’re not depressed
you’re just paying $1,500/month for a car you drive 2 hours per week
363
452
7K
2021 G-Wagons are now selling for around *$190K* at dealer auctions.
Down from over $260K just 6-9 months ago.
Nature is healing.
243
423
7K
Massive news:
Ford JUST announced that dealers must invest up to $1.2M and set no-haggle prices if they want to continue selling EVs 🤯
The dominoes keep on falling.
181
451
7K
UPDATE: Carmax sold 57% of its ENTIRE Tesla inventory in the past 24 hours 🤯
328
719
7K
Owning a car is about to get *really* weird.
Ford might be first but won’t be the last.
732
971
7K
Top 5 LEAST dependable vehicles:
Land Rover
Lincoln
Audi
Ford
Mercedes-Benz
(Source: 2023 JD Power Study)
650
741
7K
UPDATE: Ford has received this patent. 😂
You better not miss a car payment:
Ford has filed a patent that would allow self-driving cars to drive away from owners who can’t keep up with their payments 🙃
While the patent is not yet approved, the future is most definitely going to be wild.
518
1K
8K
249
1K
6K
the salesperson that traded for this car gets instant legend status
At my local Honda dealership. 95 Accord with 2187 miles.
2K
2K
25K
317
233
6K
$736 per month.
That’s the average monthly payment on a new vehicle.
And yes, it’s a new ALL-TIME high.
Ladies and gentlemen, we may be witnessing the peak.
(via Edmunds)
444
700
6K
3 years ago:
This was our last normal week.
No one knew it.
113
831
6K
Here’s a secret:
Some of the most amazing used car deals are posted on NURSING HOME bulletin boards.
You’re welcome.
188
362
6K
I've been a doubter, but after what I saw this morning, I'm now FULLY convinced that a wave of car repossessions will hit in early/mid 2023.
If lenders are willing to backstab each other in order to put more loans on the road, we're in trouble.
This will not end pretty.
219
600
6K
Used car prices are STILL 43% higher vs. Dec '19. Let that sink in.
250
692
6K
I’ve bought 1,000s of cars.
One way to test a car’s transmission:
1) Turn on the car, press and hold the brakes
2) Slowly shift gears in random sequences: Park, to Drive, to Reverse, to Drive, etc 🔁
3) There should be no delays in between or any "bang" noises
207
461
6K
CONFIRMED: BMO Harris bank is exiting auto lending
Just in:
A major bank is rumored to be exiting the auto lending business tomorrow.
They have over 3,000 dealer partners nationwide.
Unconfirmed but from a highly credible source, as always.
Will keep you posted.
438
768
8K
320
1K
6K
1998 Ford Escort for $289 a month for the next 84 months 🤮
904
356
6K
Cars that I won't sell without a warranty (even to my worst enemy):
Land Rover
BMW
Cadillac
Porsche
Mercedes
Audi
Jaguar
664
415
6K
Let's talk about last night...
I had an unusual conversation with a couple car dealers.
We didn't discuss cars, dealerships or EVs.
(shocker?)
Instead, we discussed America, the future of our country and the how it feels like peoples' values have changed.
During the
573
418
6K
A Ford dealer unhappy with Ford.
In 2012 Ford had 1.1M recalls.
In 2022 Ford had 9.8M recalls.
432
519
6K
I WANT TO PAY YOUR NEXT CAR PAYMENT! 🤑
My new experiment. How it works:
1) Comment what car you drive and your monthly payment
2) Like, RT this tweet and follow me!
@GuyDealership
3) I'll pick one random person and payoff their next car payment :)
GO!
3K
2K
6K
Forget 0% APR…
Buy a Toyota and get a free 100 lbs bag of rice.
367
420
6K
Carvana has 758 used Teslas in stock.
Prices of new Teslas just got massively reduced by as much as 20%.
When it rains it pours… 🥴
241
395
6K
you’re not depressed
you’re just driving a German car that’s leaking oil and out of warranty
433
377
6K
Used car prices fell 14.9% year-over-year in December.
By FAR the largest decline ever recorded.
Here’s what to expect in 2023:
190
560
6K
What you see:
Shiny new Cadillac Escalade
What I see:
84-months of $1,000+ payments
309
277
6K
Teslas becoming the hot potato of 2023 was not on my bingo card 🤯
Prices of new Teslas just got abruptly reduced across the board.
Dealers with lots of Teslas in inventory are about to get absolutely wrecked.
400
472
6K
What you see:
Shiny new Cadillac Escalade
What I see:
84-months of $1,400+ payments
314
240
6K
Used car dealers will shutdown in 2023 at the fastest pace since 2009
276
566
6K
Employee at a large Honda dealership:
"It's a complete ghost town"
I was reluctant to post this because it’s only 1 sample out of 1,000s.
But am curious, what are you all seeing out there right now?
741
523
6K
Tesla Model Y listed on Carvana for $12,600 MORE than a NEW one.
Carvana’s management literally asleep at the wheel
290
320
6K
We have some customers who make $350k/yr and have 500 credit scores. You’d never be able to tell.
386
215
6K
Toyotas have the lowest supply out of any auto maker right now.
You can’t get them.
Otherwise this is a pretty solid strategy.
406
317
6K
Luxury car market is taking a beating.
Here’s a good example: 2023 Audi S8
6 months ago: $5-10K over MSRP
Now: $10K below MSRP
369
421
6K
Friend leased a new Range Rover in California.
His windshield broke.
He went to get it replaced at the dealership.
Dealer told him that these windshields are extremely backordered…
…and offered to fully take him out of his lease 😳
Have never heard of that before.
308
214
6K
Cybertruck is going to do massive numbers.
Not because it's Tesla.
Not because it's an EV.
Definitely not because of "the people's" love for Elon.
But because it's different... People want different.
In fact, the product itself is probably going to suck in many ways.
Why?
1K
303
6K
That's all for now.
If you found this thread helpful, RT the tweet below to share it with your audience:
This morning I discovered something *extremely* alarming happening in the car market, specifically in auto lending.
I'm now convinced that there is a massive wave of car repossessions coming in 2023.
Here's what I discovered (and what no one knows):
2K
10K
41K
224
1K
5K
Who’s going to be the first honest car manufacturer to stage these pictures at Wholefoods and the daycare line?
215
228
6K
Wild stat:
In 2019, $23K bought a 3-year-old used car.
In 2023, $23K won't even buy a 6-year-old used car.
(via ISeeCars)
259
639
5K
Sales manager told customer he got approved at 8% APR.
Customer got up and left pissed off. 🤷♂️
Lots of people are still not in touch with reality of the current lending market.
610
270
5K
