Not really, this actually shows that he thinks the market will continue to spiral and so he's liquidating before he takes even more losses. Panic selling like this tends to correspond to the bottoms of markets. It doesn't show anything about hypercars.
@@MarkMcCannMk2 Can't buyers come back and ask for the work to be repaired with the 3 month standard warranty rule? My dad has a garage and got stung selling a £300 car at cost, sold as seen and they came back weeks later and demanded all work to be repaired
The biggest problem with car prices is they were never worth the retail price in the first place, especially cars that share chassis n parts with other brands. Lamborghini urus is just a rsq7 with a map n different bumpers 😂
I keep seeing click bait headlines about a collapse in the second hand car market. Then I check out Autotrader and find zero change in the asking price... unless you want an EV, but who wants one of them anymore? Funny that.
During the last 5 years, the car market, in particular, has shown everyone what supply and demand are all about. Prices are just resetting back to normal. If you bought in 2022 then expect a loss. I remember how cheap cars were at the very beginning of covid, then literally overnight. Prices jumped by thousands. I can't understand what the fuss is all about. Yeah, it sucks but that's how it is.
What a delusional statement. The price is dictated by whoever is willing to pay for a depreciating asset. You cant sell a R8 for more than you boughht it. All seller want top $ when they sell that cant happen
The big problem is people buying cars expecting them to be appreciating assets. As long as you don’t have that expectation you will be good. Enjoy them for what they are….Depreciating fun toys that bring value in other ways. If you’re lucky enough to have the money required to make money in buying cars (not most of us) then great. Good for you, and you’re part of a select club.
Hay Mark was you latest video taken down, I started to watch it then it stopped working and now it's disappeared? It was the one with you talking to the car crim if it helps
Have you driven one? Worst cars ever. Merc can’t even build petrol or diesel with over a century experience doing it. What would make you think they could get an electric car right?! 😂
*I had problem comprehending trading in general. I tried watching other TH-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow*
With a 2006 BMW 120D I am confident that I have ridden out the depreciation curve! At the moment if you like it, it’s reliable and doesn’t bankrupt you then keep hold of it.
@@DarthCudd1927 mine was crashed into whilst I was stationary at some traffic lights. Got punted into the car in front. You could see my radiator grill marks in the back of another 1 series. Both the back of his and the front of mine sprang out again. I replaced nothing on the front. I had to buy a new tailgate, new tail lights, new rear bumper and the support below it. £160 for parts and a mate helped fix it. Now a Cat S and has 118i on the back 😀
I’ve been saying this for months. The market is crashing and gone are the days of inflated prices. It’s definitely a buyers market currently. I bought a 300bhp golf gti DSG at the beginning of the year for a decent price at the time and had to sell it recently because we needed a bigger car. I lost £1800 on it and I think the money that I was lucky to get what I got for it looking at the prices of similar cars on eBay currently. But the annoying thing is that normally when you sell and buy cars you’re buying in the same market but currently buyers want to pay thousands less than the asking price meanwhile sellers are still asking an overly inflated price. So if you aren’t careful you can end up coming unstuck and having to buy a car valued much much lower than the one you just sold because people aren’t willing to accept that the market has crashed
Problem is the common person who buys a car will always get ripped off. You buy a brand new car (with finance) and your paying way over what the car is worth. Then you get hit with depreciation and go into negative equity. Then when you sell it you get trade price at best. A car is a depreciating asset and you will only get a bargain if you get a good deal from auction which you need funds upfront for which most people don’t have.
Just get a car with good service history and road test it. If its well maintained then it can be reliable for a long time. You can pick up a Up!, Aygo or I10 for £3000. Good service history, low mileage, group 1 insurance, £20 a year tax, reliable and cheap parts, 50mpg.
Even on auctions, good deals are hard to come by. Given that you’re fighting with traders and big time sellers, you end up getting a meh deal at most. Also, given that auctions tend to be sold as seen and that too is now sold as seen online, auctions are not the fairytale that they once used to be.
@@FaizanM0 very true I signed up to an auction as I was looking to buy a car (and I’m not a trader) but by the time you add the fees etc it’s not really worth it. Some cars were going over price. Trader is always the winner, they make money both ways, when selling the car to you at retail price and when taking your car in at trade price. I’m not hating on traders btw as everyone has to make a living.
I guess You should try with the VAN market . Those are bloody expensive and even if a couple of years they bought used and not many miles done You can sell it with profit . Try also EV 😂😂😂
The market hasn’t died, cars depreciate. They are depreciating a lot quicker at the moment because the prices have been ridiculously high, new car supply is coming back and prices are re setting. They are still a lot higher than pre pandemic. People have been used to making money on cars recently but that’s normal. He has lost money on these cars but did he buy them right in the first place?
My 2019 Volvo XC60 which I bought for 30k less than a year ago has depreciated by 10k. I cannot find a dealer to give me a part ex offer higher than 20k 😢
Glad to see the bottom end is starting to drop down in price to pre covid pricing. I am keeping my eye out for a runner around the £500-£1k mark that will do me a few years of motoring. I would be lucky If I am doing around 800 miles a year!
🤔 I guess you are not aware that SVJ prices are going down too...Houston Crosta from royalty exotics bought an SVJ spider + a 570S for 740K$ (low milage SVJ!)and Damon from DDE talked about how his SVJ lost value those last 3 months with Mr JWW yesterday! Maybe not on right hand cars🤔
Good vid but Lol😂 a few things going on there, you put yourselves under pressure to sell in one afternoon, where a good dealer always has his limits on stock hens trade prices and margins. Not saying there isn’t an issue in the market, it’s bad for premium luxury cars. But for someone like myself who is about to go out looking for a 2017 Range Rover, it’s good times prices are low and I’m bound to find myself good example. But you rearly make profit on cars most the time it’s a lose, but it’s down to have you enjoy led it and has it provided you with good service in terms of use. The big issues facing the car industry new and second hand is, cost of living and taxes, Net Zero Regulations coming into force, uncertainty in the market like myself saying should I wait for it to get cheaper or no?????. And other issues and factors as well.
Just wish the 2nd hand car market in Germany would not exactly crash, but prices need to come down, for example Volvo XC70 300Tkm Euro 5 €12,000. Thats just plain daft, but all the car prices are like this over here.
No, it's bc the world knows that you guys have an unreal obsession with cars, therefore you get screwed over. Earlier this year I meet a woman who exported cars - UK ➡️ US, her margins were insane
That beeeep is super annoying on the video. For the people there it must have been psychological torture. Must have cost you at least two potential sales
Scary what modern car collections must have lost, it’s like everyone decided to sell their Car at the same time as they see the wave of a crash approaching. The dream of buying, driving for a year on low miles and selling on for the same or better price has gone. People have gone cold on cars as the second hand markets are trying to keep quiet. Even over in California at some prestigious auctions some very high value Cars have absolutely tanked loosing millions. Mark can write off loss on Utube revenue so yes a bit of a gimmick but showing loosely what is happening. I walked in to a dealer who knew me and on a new MINI S electric with the sports works pack listed at £43k due to the options and could have taken it home with a years insurance paid and £35k. 😮Question I always think is why put it up for £43k if only drop with not even a fight and if your willing to sell it for £35k is it right to let someone walk in and without haggling drive of on that sicker price.
felt like a load of TH-camrs buying cars from another TH-camr
Yep, it’s the only way these idiotic so called influencers can do to retain their money.
Social media people buying cars from other social media people 😵💫🤣
Mate ! 😭
And nobody actually transfers a single penny. Pointless clickshite.
Boring load of smoke blowing shite.
Literally ridiculous missinformation(this video). The cheapest sport Ka on autotrader is £1250
What this actually demonstrates is that there is still a market for niche and enthusiast cars... Hype cars and Supercar market has died
People buying hyper cars and super cars wont have changed
😂😂😂 wow, you're wrong.
@@leedstown Hype cars, not Hyper cars, i.e GR Yaris or 911 Turbo S for example...
Possibly but this means some good deals can be had in supercars and exotics
Not really, this actually shows that he thinks the market will continue to spiral and so he's liquidating before he takes even more losses. Panic selling like this tends to correspond to the bottoms of markets. It doesn't show anything about hypercars.
Forgot how fun this day was 😂
It was mate. Thanks for being a part of it.
@@MarkMcCannMk2 Can't buyers come back and ask for the work to be repaired with the 3 month standard warranty rule? My dad has a garage and got stung selling a £300 car at cost, sold as seen and they came back weeks later and demanded all work to be repaired
@@MarkMcCannMk2make a part 2 we love it
That r8 was a bargain!
Didn’t realise how funny Chris was till this video 😂. One hell of a salesman
He’s hilarious
I still feel violated
The biggest problem with car prices is they were never worth the retail price in the first place, especially cars that share chassis n parts with other brands. Lamborghini urus is just a rsq7 with a map n different bumpers 😂
Yeah people are just paying for the badge,and the rest is audi and VW
Bought a 24 SEAT Ateca with 1200 miles on the clock for 23k. If I’d of spec’d it brand new it would have been 34k.
Rsq8
Yes it is but the Urus is waaaaaayyyy better looking
I keep seeing click bait headlines about a collapse in the second hand car market. Then I check out Autotrader and find zero change in the asking price... unless you want an EV, but who wants one of them anymore? Funny that.
Absolutely love this Chanel, nobody does it like Mark Mcann
Ben was absolutely gutted he got strong armed into that GR 🤣🤣
During the last 5 years, the car market, in particular, has shown everyone what supply and demand are all about. Prices are just resetting back to normal. If you bought in 2022 then expect a loss. I remember how cheap cars were at the very beginning of covid, then literally overnight. Prices jumped by thousands. I can't understand what the fuss is all about. Yeah, it sucks but that's how it is.
Brilliant. Kids are loving learning in the Peugeot. It’s a fab little learner car. Thanks 🤩
Peugeot Worst car to learn how to drive😂
Once more Mark has come up with imaginative entraining content, a TH-cam trailblazer, keep them coming.
“This is a salesman’s car who sells in quarters and ounces” 😂😂😂
"We couldn't sell anything unless it was less than what it should be"... well no, they sold for what they should be...
What a delusional statement. The price is dictated by whoever is willing to pay for a depreciating asset. You cant sell a R8 for more than you boughht it. All seller want top $ when they sell that cant happen
Loving Chris Slix’s sales tactics 😂
I never thought I’d learn so much from your channel. love every vid you do! Respect brother 👊🏼
Amazing, thank you for watching
what's the connection between astronomical insurance hikes and the drop in used car prices, especially the higher end of the market
Mate that S8 V10 is litterally my dream car car wait to get one next year 💙love the vids keep.smashing it
The big problem is people buying cars expecting them to be appreciating assets. As long as you don’t have that expectation you will be good. Enjoy them for what they are….Depreciating fun toys that bring value in other ways.
If you’re lucky enough to have the money required to make money in buying cars (not most of us) then great. Good for you, and you’re part of a select club.
Man that landrover is great.
I wonder if it managed to dodge the impound 😂
@@jay-rk1vei did indeed 😂
Hay Mark was you latest video taken down, I started to watch it then it stopped working and now it's disappeared? It was the one with you talking to the car crim if it helps
This is a brilliant video🙌🏽🔥🔥very entertaining
Thank you
all the classic and fast fords will tank down next and about time 🤣🤣🤣🤣👌🏻👌🏻
I hope not 😂
Electric cars have plummeted too. Merc EQS models, less than 10,000 on the clock, 1 owner cars for less than 65k from Merc dealers!!
Have you driven one? Worst cars ever. Merc can’t even build petrol or diesel with over a century experience doing it. What would make you think they could get an electric car right?! 😂
The Yaris would have been a dream for me god damn
Keep her lit Mark the cars will increase again 💰👊🌅
Oh no they will NOT. Why, bc the USD (the World Reserve currency) is going to get wrecked - soon.
*I had problem comprehending trading in general. I tried watching other TH-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow*
Hi Mark. How do I contact you to discuss a very interesting story regarding my Porsche experience?
info@markmccann64.com
With a 2006 BMW 120D I am confident that I have ridden out the depreciation curve! At the moment if you like it, it’s reliable and doesn’t bankrupt you then keep hold of it.
You nailed it Bro 👌
My 2008 120d has been crashed into 2x and paid me out 2x. After all payouts and costs. Any money back will be pure profit. Possibly £2k in my pocket
@@DarthCudd1927 mine was crashed into whilst I was stationary at some traffic lights. Got punted into the car in front. You could see my radiator grill marks in the back of another 1 series. Both the back of his and the front of mine sprang out again. I replaced nothing on the front. I had to buy a new tailgate, new tail lights, new rear bumper and the support below it. £160 for parts and a mate helped fix it. Now a Cat S and has 118i on the back 😀
@@DarthCudd1927 265K miles
Fantastic Teamwork 👍👍A really good watch 👍👍🥳🥳
Thank you 👍
Did you get any joy or any more information on insurance for cars?
I’ve been saying this for months. The market is crashing and gone are the days of inflated prices. It’s definitely a buyers market currently. I bought a 300bhp golf gti DSG at the beginning of the year for a decent price at the time and had to sell it recently because we needed a bigger car. I lost £1800 on it and I think the money that I was lucky to get what I got for it looking at the prices of similar cars on eBay currently. But the annoying thing is that normally when you sell and buy cars you’re buying in the same market but currently buyers want to pay thousands less than the asking price meanwhile sellers are still asking an overly inflated price. So if you aren’t careful you can end up coming unstuck and having to buy a car valued much much lower than the one you just sold because people aren’t willing to accept that the market has crashed
Problem is the common person who buys a car will always get ripped off. You buy a brand new car (with finance) and your paying way over what the car is worth. Then you get hit with depreciation and go into negative equity. Then when you sell it you get trade price at best. A car is a depreciating asset and you will only get a bargain if you get a good deal from auction which you need funds upfront for which most people don’t have.
So don’t buy one then……
That’s a great idea, I never thought of that clever clogs, I’ll jump on a pedal bike, plenty of cycle lanes 😃.
Just get a car with good service history and road test it. If its well maintained then it can be reliable for a long time. You can pick up a Up!, Aygo or I10 for £3000. Good service history, low mileage, group 1 insurance, £20 a year tax, reliable and cheap parts, 50mpg.
Even on auctions, good deals are hard to come by. Given that you’re fighting with traders and big time sellers, you end up getting a meh deal at most. Also, given that auctions tend to be sold as seen and that too is now sold as seen online, auctions are not the fairytale that they once used to be.
@@FaizanM0 very true I signed up to an auction as I was looking to buy a car (and I’m not a trader) but by the time you add the fees etc it’s not really worth it. Some cars were going over price. Trader is always the winner, they make money both ways, when selling the car to you at retail price and when taking your car in at trade price. I’m not hating on traders btw as everyone has to make a living.
im so early lets go im liking cant wait to watch the vid
Amazing. Enjoy the video
What a great and funny video 👍
Where is the white Escort Cosworth? Money here waiting 🤷♂️
Cracking day. evident how great Chris was as a salesman tho.
Fair play content never disappoints you never know what your going to get on a Tuesday but it’s always top
Thank you
Already subscribed still got recommended in 3 days
Would have loved to see what the NSX was on sale for!!
That kid with the glasses is going to ruin that R8 soon as he mentions splitter and spoilers I thought here we go.
All the cars you drifted on your track should be -$5000 less from market price anyways.
Can’t argue with that
One careful owner, only jumped twice 😀
I guess You should try with the VAN market . Those are bloody expensive and even if a couple of years they bought used and not many miles done You can sell it with profit . Try also EV 😂😂😂
Much love from south africa Mark your an inspiration 🎉
Legend thank you so much for watching
Love the GR Yaris, absolutely fantastic drivers car
never knew a second channel video would be this good!
yolo hope everyone is doing great
The market hasn’t died, cars depreciate. They are depreciating a lot quicker at the moment because the prices have been ridiculously high, new car supply is coming back and prices are re setting. They are still a lot higher than pre pandemic. People have been used to making money on cars recently but that’s normal. He has lost money on these cars but did he buy them right in the first place?
My 2019 Volvo XC60 which I bought for 30k less than a year ago has depreciated by 10k. I cannot find a dealer to give me a part ex offer higher than 20k 😢
Sorry to hear that, it’s crazy
The mclaren is sooooo much more your kind of car! And they look so much nicer
Glad to see the bottom end is starting to drop down in price to pre covid pricing. I am keeping my eye out for a runner around the £500-£1k mark that will do me a few years of motoring. I would be lucky If I am doing around 800 miles a year!
We've Got Some In Stock
Felt more like the chris slix show .. 😂😂
Quality videos always make me chuckle 😂, maybe for a future video car auctions dealership :), will be mad people be raising there hands constantly 😂😂😂
That's a great idea 🙌🏼
Isn’t this more of a market correction? Considering inflation is what started this followed by greed
WOW!!!
I’m from Oz & that R8 is easily worth over 80K here!
What a world we live in where a Yaris is worth more than an R8
Definitely a buyers market at the moment
Thought deals on wheels is trade marked he will be coming for u 🤔
Hi mark thanks for your amazing content always cheers me up 😊
🤔 I guess you are not aware that SVJ prices are going down too...Houston Crosta from royalty exotics bought an SVJ spider + a 570S for 740K$ (low milage SVJ!)and Damon from DDE talked about how his SVJ lost value those last 3 months with Mr JWW yesterday! Maybe not on right hand cars🤔
Wow, not good news. They are still good here
Man I would love the audi s8 ❤❤❤❤
Senna did very well.
The Brabus Smart was not sold ?
Still for sale
ive just bought an AUDI S8 4.2 The ronin one its green and cream its mint £1600 full history as well.
Bargain
keep them dropping, i want a new car anyways lol
that was a lot of fun !
Is the Audi S8 still available 👀👀👀
Sorry it sold the day after the event
Was just about to ask the same would have been down tomorrow for it😂
I really enjoy these information documentary type videos
Can’t do that every week though mate
Was thats a svr in the back???
Are these available still?!! There’s some lovely cars I would like!?
Incredible content
“Deals on wheels” is that not Mike Brewers Channel 4 TV show from early 2000’s?
No that was called WheelerDealers
@@sejegamer123 Before wheeler dealers was Deals on Wheels and Driven. Both by Mike brewer.
An R8 in the states is minimum 70k ~£60 rn. That’s crazy bro got it for £30
Whats the 64 thing about
Insure prices have driven a massive halt to people buying cars which in turn people are dropping prices to try and sell.
What the hell is that beeping throughout this video, driving me crazy
Part of me wants to say it's because the unit doors open
@@Carboy-z5y You’d think someone would have noticed it in edit and fixed it
Your little girl is growing up so fast in every video she’s taller 😂❤
Crazy isn’t it
i learnt so much ima start getting cheep 1000 pound cars
Wish I'd known about your sales 👍
Good vid but Lol😂 a few things going on there, you put yourselves under pressure to sell in one afternoon, where a good dealer always has his limits on stock hens trade prices and margins. Not saying there isn’t an issue in the market, it’s bad for premium luxury cars. But for someone like myself who is about to go out looking for a 2017 Range Rover, it’s good times prices are low and I’m bound to find myself good example. But you rearly make profit on cars most the time it’s a lose, but it’s down to have you enjoy led it and has it provided you with good service in terms of use. The big issues facing the car industry new and second hand is, cost of living and taxes, Net Zero Regulations coming into force, uncertainty in the market like myself saying should I wait for it to get cheaper or no?????. And other issues and factors as well.
Deals on wheels used to be a well known dealership in Dubai.
How much will it cost if you buy a car in parts from a dealership then assemble it. *Any car
what happened to all the videos?
Is the S8 still for sale?
Sorry sold the day after filming
@@MarkMcCannMk2 no way they are soo lucky
As you've been losing money hand over fist you don't fancy giving me that Audi S8 do you it's literally my dream car
Ciao hello to all awesome video 👍☕🧡💪❤👍
Kinda wish was just nico or Armstrong just stood at the door 🤣
Just wish the 2nd hand car market in Germany would not exactly crash, but prices need to come down, for example Volvo XC70 300Tkm Euro 5 €12,000.
Thats just plain daft, but all the car prices are like this over here.
😮
I think the Supercar headline is a bit ambitious...but interesting .
That was one funny video Mark, nice one guys
Well no surprise here, cars depreciate.
This V10 engine cost 5X the Audi!
"shall we see how much wbac are offering?"
#1 in things not to say when negotiating to buy a car.
If i had the money, license and lived in the country i might have bought one
maybe in the future ;)
Thanks mate
Supercars seem to be so much cheaper in the uk compared to America . Is it because it’s right hand drive or import costs to America or what ?
No, it's bc the world knows that you guys have an unreal obsession with cars, therefore you get screwed over. Earlier this year I meet a woman who exported cars - UK ➡️ US, her margins were insane
That beeeep is super annoying on the video. For the people there it must have been psychological torture. Must have cost you at least two potential sales
Wish id come gor that td5
R8, even with salvage history/title, easily go for 50k+ in the US. Crazy how cheap some cars are across the pond.
wages and taxes are a joke here. only way anyone could ever buy these cars is if they're priced like this lol
You know that tax rates are lower in the UK than a lot of other countries right lol
@@alexbooth1982 the UK has the 3rd highest tax rates in the world.
Also combine that with terrible salaries and high inflation.
@@WarrenF no it doesn’t. You’re clearly not taking into consideration indirect taxes as well.
It's only the UK where they are cheap though!
Scary what modern car collections must have lost, it’s like everyone decided to sell their Car at the same time as they see the wave of a crash approaching. The dream of buying, driving for a year on low miles and selling on for the same or better price has gone. People have gone cold on cars as the second hand markets are trying to keep quiet.
Even over in California at some prestigious auctions some very high value Cars have absolutely tanked loosing millions. Mark can write off loss on Utube revenue so yes a bit of a gimmick but showing loosely what is happening. I walked in to a dealer who knew me and on a new MINI S electric with the sports works pack listed at £43k due to the options and could have taken it home with a years insurance paid and £35k. 😮Question I always think is why put it up for £43k if only drop with not even a fight and if your willing to sell it for £35k is it right to let someone walk in and without haggling drive of on that sicker price.