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- เผยแพร่เมื่อ 13 ต.ค. 2024
- CAR PRICES COLLAPSE, So I Bought 8 In ONE DAY! Here's What I Paid
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices
These dealers who hold onto cars during a crashing market remind me of the people who said the Titanic was unsinkable.
@@JesseGraves-y3m I had one threaten to do just that a few months ago. He didn’t appreciate my laughing.
Oh. How did you survive the titanic??
Brandon....As a consumer who has purchased many, many vehicles in my lifetime, I have never come across a dealer like yourself who is as straightforward and honest about the inner workings of the car dealer world as you are. You're an open book and people, like myself, really appreciate it. I bet other dealers absolutely HATE watching your videos 😂. I'm located in Northwest Georgia with 3 kids and 7 grandkids. In the years to come, they will be needing transportation and I have no problems at all driving to NC and purchasing vehicles from you. Keep up the good work.
The dealers holding on and no selling at the auction are the ones who lost the most. The first to sell usually gets the best price, the last to sell usually sells for the least amount.
Brandon damned near started off his auction commentary with the phrase “first money, best money,” and it’s been true ever since.
@@danmontie6367 this was told to me 20 years ago when I worked at a dealership as a tech. The GM would pay us 2 hours to inspect trade ins, give findings to parts department so he could make a decision to recondition the vehicle or send it to auction within 48 hours of receiving a trade in. If keeping it for used car sales he wanted it on the front line within 4 business days of getting it. Anything not sold in 30 days went to the auction. If the vehicle was on the lot after 14 days a small yellow circle sticker the size of a dime was put on the top right of the windshield. This told the salesperson an extra $300 if they could move it. Our GM didn’t want to sit on inventory. If we needed used cars he usually went after lease returns at the auction. If we were pretty much out of used cars, he took 2 mechanics with him to the auction to check out cars, if we felt good about them he would spend a few dollars more for them.
Quite a number of older 4Runners and Tundras still overpriced but they have come down a lot. Still waiting.
Be patient
I bet the negative equity on every CarMax lot is in the millions. Like 5+ million.
Brandon, I have heard you talk about purchasing a Tesla Mode 3 for a decent price and the new Honda Odyssey. I am wondering if you could tell me where I could purchase a Model Y at a good price. The reason I want one is because I am having trouble seeing after dark (I just turned 80 years a few weeks ago). I had planned to upgrade my 2011 Honda Odyssey to another one but after my son took me for a ride in his Model Y to Ann Arbor to demo the self driving a couple months ago I have wanted a Tesla Y. I have to do creative financing to be able to afford an upgraded car. The Model 3 sits to low to the ground for me. I had been looking at the rebuilt ones on eBay but I read that it was hard to get insurance on rebuilts.
I live about four miles from a Manheim Auction but I don't think they have Tesla's for sale. I live about 14 miles from the Detroit Coparts which is in Woodhaven. I really enjoyed the video of you and Mr. Know-It-All as you first drove a Tesla. Thanks for any suggestion. Love and Light to you and your family. Margie
nobody wanted to take the loss to get the downward ball rolling.until the had to dump them for operating capital.why prices stayed artificially high.
well said 😃
Glad to hear that you and every other car-based TH-camr are able to get these sweet deals on used cars. This has not been my experience despite all of the bloviation to the contrary from TH-cam. Prices in Central WI remain high and even though we are ready to write a check and buy a vehicle nobody will deal. Getting weary of hearing how the market is "crashing"/"the sky is falling."
I agree, prices are at best slightly decreasing, and at worst, staying mostly the same in Los Angeles, California, near where I live, even for low demand models and makes.
He's talking about used car dealer "auctions", obviously the public doesn't get the same price.. Keep digging and you will find a "decent" deal right now. Not a smoking good deal yet though..
Prices, like politics, is local.
Love your info! I live in CA... yeah bummer. How can a person recognize a credible dealer in your targeted market? How do you handle letting people have a car independently checked out?
That is a very rare 1997 Acura TL that only has 117 on the miles. If you were in my state I'd buy it in a second for 4k. Those engines are very smooth and go 250-300k no problem. You could consign it as a clean title with copart and get more than 4k for it. Does the interior and exterior look like it only has 117 on the miles. I have a 2002 acura CL coupe with 134k and love it.
I think he meant 117k if it's has 117 that's a steal
Searching the $30k range and prices are down substantially from last year. I am enjoying watching them come back to reality 🍿🍿🍿
In my opinion my 2003b Buick Lesabre was just as good as that 02' Camry. The Lesabre was a very reliable car before the frame rusted out from northeast winters.
LOL, was just going to mention that about those early 2000's Buicks. My last one finally died at 326k, and yes. The New England winters aren't 'car friendly'.
That 3800 V6 was bulletproof!
@@matthewroussel9674 I believe it was last year that the 3800 V6 was voted as one of the top engines by mechanics. Great engine...
It was on the list of most reliable cars for quite a while.
That 3800V6 was everything Toyota wished they could be😂
Here in phoenix car lots full of cars (with exception of Toyota) also dealers have tons of new cars in off site lots - Tesla ,Ford - plenty of Broncos .
Hello Brandon how are you doing do you have a website I’m looking to buy a Japanese car Toyota or Honda
You must mean "japanese branded" as many foreign brands are now made in USA, Canada and Mexico.
Chop the finger to save the hand. Dealers obviously overpaid
Prices are going up around San Antonio, TX
Brandon I'm from Ohio and I've heard you mentioned so many times and show that these cars not having rust the next used vehicle I buy will be from North Carolina
They're still asking 10k for 16 year old accords with 130k miles. Whem you let 20 million people in that all need cars, the used market doesn't have enough to meet the demand.
@@lot2196 cash for clunkers still has an effect on the used car shortage.
I saw one dealership selling a 2007 Accord with 290k miles for $7k. That is ridiculous.
@@jaymacc93 there's an 08 accord I'm looking at with 126k. The guy is asking 9800. He ain't budging, cuz he knows if I don't buy it, someone else will. I'm 46 and ever owned a new car, but I'm thinking about it because used market is such a joke. I think FB marketplace didn't help. You're competing with everyone that has a phone. You used to could find deals if you were willing to go out in the world anl look for them.
@@micclay same I just turned 30 and I’m looking for my first car, and funny you mention FB marketplace because I’ve been on there heavy and you’re right you can’t find good deals and if you do somebody else got it before you. I’m definitely thinking about hitting up a dealership and getting a new car myself. But I’m seeing a lot of people on Marketplace selling cars with high mileage for way too much money it’s crazy.
Makes sense that in low-margin used car business you need volume - cheap car dealer makes $10,000 selling 10 cars vs franchise dealer is trying to make $10,000 selling only 2 cars targeting $5,000 profit for each car.
Somehow in Europe car prices are still stuck. Good used metal still bloody expensive.
Great video quality, btw, on main head on shot.
Brandon What's the name of your car lot /Websight?
5:05 True! I tried to trade in a car recently to buy a new one and the dealer had no interest in my car 2020 Impala Premiere 40K miles.
good car, be happy with it.
@@murrayterry834 Wise words.
Nissan has more problems than just transmissions. They are notorious for electric and sensor failures.
Nissan is pure shit
Oh yeah, 4k for a car with 150k miles. Not for me. I have a 2011 Fiesta with 72000 miles. I'd be happy to get 1500 for the thing. I think the TCM is bad again after a free replacement just recently.
What ever happened to Saturn cars? the plastic vehicle?
Amazing how you can buy a car(s) that are tanking, but not happening for me. Dealers out here are still out of their minds.
Dioes it come with factory air conditionin? does it have those automatic crankin winders? do the wheels come wif it? please resond, yours troooly James Mccoy-Hatfield. A proud American inbreed. Thank yee
Brandon, I got a 96 Corolla that I have had since 2017. I got it with very low miles (116,000) from the first owner. Of course after I got it everything started falling apart. I put money in it fixing it. I am currently working on paint because it's weathered. I want to get it back as close to stock as I can. Currently it has 173k and runs fine. Do you think I could get $3500-$4k? It does have aftermarket custom work done to it (tint, sound insulation, aftermarket sound system, etc.) Do you think I can get that for it?
How you know the odometer reading is accurate and not rolled back
This isn't 1974. LOTS of reporting on vehicles mileage now from numerous sources and a "rollback" wil show up on the various componies like carfax reports...
IMO I think you’re missing a crucial step. I think there will be a period of stagnation because dealers are going to try to use this transition period to boost margins. Since they’re paying less they’re going to try to keep prices at their level but pay less at auction. Just my thoughts
That's not going to work because the consumer doesn't have it.
SO.... Why is it that no one but youtubers get to see this "COLLAPSE" I cant find anything even close to what they are talking about...
At the manheim auction they put a location chip in the plug and it's locked up so I can't check it with the scanner
I went to the toyota dealer to trade in my car 3 weeks ago. They offered me $500.00 for a 2007 mercedes benz c280 with 71,000 original miles. I almost smacked the guy, lol.😂
How long would you recommend waiting on used?
In the stock market we call this 'capitulation'. Stocks go down but at some point it is like a herd of animals and they all give up land start selling, forcing prices even more
Nothing coming down much in my area. $10K for 150k plus over 10 year old junk ….
That was 15k a year ago...it's all about perspective
@@CQALive I see your point, but it’s hard to spend 10K on something that may implode at any minute. I would rather find a cheap lease for 3 years and be worry free except for oil changes. Fix cost, no worries. I’d gamble on a $5K 150K mile vehicle, but not anything over 10K. One engine or transmission can get you into new car territory pretty easily.
Hope the income from your posts help set you and your family up
Any used car dealers you recommend in California?
I once held a fart and shit myself.
What is the name of Brandon's car dealership
where is your link for your used cars sale
He won't post it on TH-cam
Where u located? I need to buy a decent car from you
So you brought a car with 117 miles on it.
The check from Toyota is in the mail 🤣🤣🤣
Just don't buy the V6 Tundra
@@WhittyPicstook my 21 Tundra in for a oil change. Had sales hit me up to sell it/trade it in. (Typical BS at the service lane). It’s a ‘21 TRD Sport with 32K miles. He told me they would outright buy it for 39K. I called BS on it. He literally gave me in writing the price was good for 2 weeks. I asked how can they make money on it. He said the 22-23’s are sitting, the recall on the engines are killing them. I could sell my Tundra for more then I bought it for (bought used with 8K miles) but what to I replace it with? I’ll keep her around for a bit.
@@ko9446 smart move.
Want to find me a 2008 Toyota Sequoia?
Why don't you buy a Hybrid instead of an EV. I had one about ten years ago and other than the fact I went through three batteries it was great. I am sure the technology is better now and they are Ni-Metal Hydride batteries that don't catch on fire.
So you stopped your other channel? It was much better
No
If cars are falling through the cracks, see if you can find me a 1991-1994 Oldsmobile 98 Regency Elite please. LOL
Not gonna happen. He won't even let people know the name of his "lot" or where it's located.
@@atlbyrds20 why do you think that I put LOL on the end. I seriously wasn't expecting it to happen.
Brandon...you keep talking about the Northeast with the rusty cars. I'm from Philly. I buy and sell cars here and i have never seen a rusted out car in my life. Do some more homework.
Haha... Might be worth a Google if you think that
@@CQALive google what? ive lived here all my life.. you're not from here...but you know it all.. nevermind
@phillyguy178 Hey 👋🏽 where's your lot located? We've been looking for a while and ready to branch out and expand our search. We're right next door in Delaware 20 mins from the Linc.
Why didn't you show the cars?
Or getting ready for trump to do what he did last time. Need room for new money for new.?
You bought 8 cars, and told us about one.
You didn't watch the video
Tks. much