you have been making doomed videos for last 2 years but the price of a new vehicles in my area has not come down. These folks will not cut the price down and are not desperate to sell. I have been waiting for whole year to buy a new car at a low price but so far nothing has come down. So, where do you live and where is all these dealers who can sell and cutting the price like crazy?
There is an old saying about markets. "The market can stay irrational longer than you can stay solvent.". Meaning you have to be patient, if you hop in too early you're going to get burned. I've been waiting to get a truck for a couple years, too.
CQA and many others have posted many videos saying "this is the end for car dealerships". All of the wishful posts is but a fasad geared toward selling to you youtube videos about dealership demise. Well, the truth is they've been in trouble before and the federal government came to their rescue. They're not going anywhere anytime soon. This is why the crazy prices will continue and those who have the means pay them period. If you was a dealership and made the bank that you made in the last 10 years, would you want to go back to a time when you made less?
@@blaise-of-glory Fact. The cheap rates may not come for another 2-3yrs. The prices were so high that it’s becoming normal. Now we wait for the tank. From a dealer perspective they are going to hold on as long as they can. Some of them will rather go out of business then sale things at discounts.
I just bought a car from them two weeks ago and they were packed, so they are selling cars. Maybe they aren't selling in his location, but they are moving cars.
@@donnysnonsense Yes, they are selling cars, just not for Top Dollar. Neighbor just bought a Nissan truck from them for a very good price, best price he has seen so yeah they can move cars as long as they get right on the price.
My opinion is that Carvana might VERY WELL be using drug money to inflate gross profit and net profit on the sale of vehicles. The Drug lords buy Carvana stock which rises much more quickly and makes much more money than they are laundering thru Carvana. If I was an evil drug lord, that is what I would do. The Feds, under Biden/Harria, don’t care about Carvana investors as long as the drug money circulates back into the US economy. That’s my opinion.
I work in sales at CarMax. I sold 3 cars yesterday at work. Yes, the overall market is slowing down, but CarMax isn't going anywhere. These TH-cam gurus have been calling CarMax's demise for the last 2 years. There are A LOT of people who love CarMax's business model.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
It's actually because Toyota holds their value and it's not much higher than it's KBB if it's a TRD off Road. Just saying...it might drop some, but those trucks are always highly sought after.
No one wants the new ones. The prices are new Tacomas is unreal. No one wants them or the New Tundras. Too many issues. I see a lot seeing on lots near me.
@@rick03168 Maybe a base model? But MSRP for a new Tacoma TRD is at least $38k. Which I think you'd be lucky to find...but maybe there's some deals out there.
Recall replacing motors, but who wants their whole truck cab taken off and hope the Mechanics can put it all back together right. All the Toyota Mechanics are dreading these recall jobs coming up.
The other day, I saw 3 vehicles broken down on the road. That let's me know people are driving until they break down, don't want to get into debt, or can't afford 1K in monthly payments. I am sure mechanic shops are booming.
I have 235K on my Audi S4. I'm going to drive it until the wheels fall off. Because I like everyone else cannot afford to get into $500 to $1,000 a month car notes. It's actually cheaper to keep our aging vehicles and fix them when they break. For instance, it's about $7K to put an engine in my current car. That's still mountains of cash cheaper than a car note on something newer.
Yep I got 26k for a 2017 f150 with 80k miles. I believe the truck is still there 2 years later. 1st year of the 10speed automatic transmission and it shifted real hard. It would throw your ass into the dashboard getting outta 3rd gear. Good riddance
Carmax offered me 5,000.00 for my Nissan Rogue and told me it had transmission problems. Mercedes dealership paid me 9,000.00 for it and said the transmission was fine.
Love these guys who say the market is collapsing. As if car dealerships don't watch the market and know what they are doing. Carmax is making a damn fortune. I'd venture to guess that much of their income doesn't come from car sales. It comes from a little income stream called Carmax Auto Financing. Just like McDonald's corporate doesn't make money off selling cheeseburgers, they make their money off leasing the buildings to franchises. These businesses aren't stupid.
Real estate is not owned usually by corporate but by individual landlords or llc’s. McD is a food enterprise not real estate mogul; too much $$ tied up in land not available for the business.
Uncle Sam does not want that and all the useless regulations and climate hoaxes are driving the car manufacturers to make changes that are detrimental to the buyers/drivers. The GOVERNMENT/liberals destroy EVERYTHING it touches.
I knew CarMax was in trouble when they started buying every used car in sight, and paying darn near MSRP for them. When the stimulus money ran out, so did the buyers, and the market, predictably, died a quick death.
Part of the problem is the big 3 have not made a good quality vehicle in about 7-10 years. I used to only drive fords, but I just recently bought a 2018 Tacoma TRD Sport because Toyota is one of the few auto makers still making quality vehicles.
Nah this dude is just a grifter who tries to get views with low quality nonsensical click baity videos. Except he only has one format that works for him, so he just posts pretty much the same video but filmed in a different parking lot every day
I live in southwestern Pennsylvania and I see absolutely NO dealer in my area that is willing to negotiate the price on a new vehicle. I don’t see a large inventories and I don’t see any reset in the market. What I do see is a lot of new trucks and cars driving around. I love your videos and watch them all the time. I do see high prices and but I don’t see any dealers around here suffering or bitching about not being able to sell. If I’m wrong help me out. Show me where I can get a decent deal on a new truck. These dealers around here don’t care and barely wanna budge off the MSRP.
I bought my 2019 Nissan Frontier SV from Carmax in April of last year for 25,900. It had 35K miles, clean carfax, no accidents. Super nice condition. A 2018 Tacoma with 80K miles was priced at 39.9. Insane. I'm very happy with the Frontier and glad I got it.
Good deal! Last month I bought a 2019 Frontier Pro4X loaded with 31.9k miles for $28k. The Tacomas same year (but less robust, no locking diff or leather or ladder frame or rear discs, etc.-AND with several thousand more mileage-we’re 5-10k$ more.
Most of CarMax's vehicles are rental car returns and off lease fleet vehicles that weren't good enough for dealer lots. Those Teslas you pointed out are undoubtedly ex Hertz rentals being dumped.
Duuuuude!!! You've got balls of steel to report negative news about CarMax FROM THEIR LOT!! LMAO. 🔥🔥🔥😂🤣 Where are all the salespeople? No one approached you the entire time??? 😮
interest is a big part of it.. if i can go to a new car lot and get financing at 4 or 5% vs 9% thats a huge difference in the payment.. before prices drop you will see finance deals.. they are starting around me.. 2.9% for 60 months or ive eve nsee na couple 0% for 60 month deals on new cars already.. with car max high used prices that means by the time you factor in finance charges it might be cheaper to getthe brand new car... 0% vs 9% for an 'A' credit customer
CarMax had a narrow window 2-3 years ago where they could have liquidated much of their inventory with some aggressive pricing. Now, they’re sitting on depreciating inventory they paid too much for and can’t even lower the price enough to sell without losing their shirts.
The problem now: Credit scores. That determines your payment and where you get lending. I went to CarMax with my son for a used Ford Raptor. It was higher than the dealer for a similar car. Btw, CarMax does not lower or negotiate any prices.
Where we live, the EV‘s are flying off the lot. I crashed our 2018 bolt in February. Five days later we went down to the Chevy dealer and got another one. The 2021 premier with only 9999 miles on it. Our said 53,000. We paid $14,000 less for the 21. the dealer said and we also saw that you couldn’t keep them on the lot. Now you’re in a southern area where I’m sure EV’s aren’t as popular. they are everywhere up here and grow day by day by day. I watch you regularly and the market is just totally different up here. And I’m in Massachusetts.
I went to a salvage car auction last weekend and it was amazing how running and driving cars were going for so cheap. Plenty of runners available for $500-$2000. A couple of years ago nothing was less than $2K, even barely running stuff.
Prices need to go down and even undershoot inflation for a bit. Such as drop to 2019 prices for about four or five years. Clear out all the excess and then restart.
The picture you paint is pretty skewed and full of hyperbole. Carmax FY sales volume up 1.3%. Profits down slightly. 1st quarter 2025 there has been further decline but not ‘plummeted’. Buying less from consumers and more from dealers. They are averaging $2251 net profit per vehicle. They are facing headwinds and they recognize this reality and they’ll make the proper adjustments.
I have been wondering for several years how people can afford these new cars. I have researched what the average income is in this country and surmised that there is no way that the average person can afford the average car, and I believe that I am right. The thing is, there are lots of people in my area who can afford them. I went to a family gathering recently and was talking to my 27- year-old grandson. We got to talking about money and jobs and i was astounded what this kid is earning. He has been at his job for three years and earns $ 130,000 per year plus bonus, free company car, 401 k etc. Other young people there also earn just shy of $80,000 to $ 160,000. Those figures are for one person. There are still people who can afford these vehicles.
i got a 2024 m40i xdrive fully specced in the purple i wanted with 3k miles for 42k dollars from carmax , bmw wanted 58k for the same car. carmax gave me 3% intrest, bmw wanted 5%. easy decision for me.
I agree with last comment. I have not seen any prices drop even on old rust buckets. I am looking at dealerships, craigslist, facebbook market place, etc and prices remain high for new cars all the way down to high mileage broken old cars.
Already this week been announced many layoffs an believe it or not they are not making the base model anymore. They don't care. DC got another bail out coming.
For the first time in 3 years, I saw a 2015 Lexus GS 350 eith 60k miles for less than 20k. They were hanging out at 25-26k for similar miles or even 100k miles sometimes .
Supply high demand low but prices stay high what the hell is going on? I thought prices were supposed to go down in this scenario. I want to buy a car but this market makes no sense
@@Papolucho702 now on the EV side is the biggest gap! EV6 with less than 1K on it was $20K cheaper than the same car brand new on the KIA dealership lot 5 miles away!!!
He’s gotta do something his own car lot is getting roasted with negative reviews because of the quality of cars he sells. If his customers have an issue he gives them the old “well the sticker said as is “ weird how he goes from an “expert” on the industry but does that to his own customers.
@@aircav28 wow really? damn. this is why alot of people don't wanna buy sub $5000 cars. anything happens to it that requires any repairs its basically totaled
I'd do a car rental with junk cars... If it breaks just swap out the car ..If you got a mechanic on staff you could get away with way cheaper auction cars... $250 a month for a running car... People need no real money and they need no credit
I saw where the big 3 can file bankruptcy and throw out contracts that are too expensive. You know which ones, and renegotiate at lower contracts. The US bankruptcy court can do that.
Thanks for the constant, nearly real-time market data, Brandon! I'm in Vegas but if I were ANYWHERE east of the Mississippi River, I'd travel and come buy a car from you in North Cack!!! Your Goodwill & Reporting are very much appreciated ♥.....take care, Brother!
I would never buy from Carmax. I know a guy who sold his clapped out Toyota which was burning a quart of oil every 500 miles to them, and they happily accepted it. The new owner must be so thrilled.....
They're not lowering their prices here in central Florida. Bought a '23 Lexus ES 350 from them four months ago. Same exact car is the same exact price...with 2-3 times the mileage.
Carmax and Stellantis should invest in a state-of-the-art recycling/car crushing side business. Nobody buying your cars, crush them, write them off as huge losses and sell the recyclables. Beats paying every overspill lot you can find rent to park your overpriced vehicles. And yes this is a stupid idea but no more stupid then their current business model.
My sister just bought a 2020 Toyota Camry with 5,300 miles- one lease owner- perfect car fax and no damage except for some back window tint issue, for $24,000 total at 9% from Carvana 😂 she even got to put the coin in the slot..
I'll keep driving 10-20 year old vehicles as long as I can. If I want to go on a long trip, I'll rent a newer one and still come out financially in the end. I do remember the days when I was suddenly stranded. The only way out of that was to go to a dealer and get a new car with a loan to go with it. Sometimes that is the only option.
Good afternoon Brandon I have been flipping used cars since 1962 they'll take what they can get when it comes to price because you can't eat the junk and scrap weight will give you peanuts. Jwm.❤
A commodity will be as expensive as the consumer wants. When the consumer cannot buy, the price goes down. When the banks stop lending, prices go down.
Bingo. Until consumers say they have had it with high prices, only then will corporations bring down prices. Problem is, too many trying to keep up with the Jones's.
In previous videos you mentioned how crammed with trucks the dealerships are. This afternoon my husband and I happened to drive past a large Chevrolet dealership and you were 100% correct. Enormous trucks were everywhere a truck could fit, or even couldn't. The fancy, elevated "display" pad had three trucks parked on it!
when you see corporate companies drive themselves into the ground, but then your told you have to go to business" school to learn these techniques?! I think thats just as ridiculous as these prices!
dont be deceived by the blue ford emblem and the "GM" lobo. there are morons running them. elimated the low end trim's. no one has money. high interest rates. they should be slashing the prices to get rid of the 2022's and 2023's.
I think it’s quiet hilarious. Had a salesman tell me that the reason I need to buy the maverick now is because they are at MSRP I’m like buddy no other dealer is charging above msrp and there are 20 in the lots because no one is paying 35-40k for a mini truck
I appreciate this video. It has taken some time and patience to reveal what's going on in the economy. Every individual that went into the market and paid exuberant prices for vehicles during covid did considerable damage to the AMERICAN CONSUMER. This is called deflation; and the proverbial piper has just begun to play his tune. Kudos to those who've kept their powder dry!
Carmax lost me several months ago when I went car shopping and saw their prices had to start over $10k. No bargains to be had for someone who needs basic transportation cheap. Still waiting for things to improve enough for me to find "something"
That Maverick that’s now almost three years old is selling used with 20-something thousand miles on it for more than it listed for new. Take all the time you need to think about that.
With 1,000 miles on it, my guess would be that 4Runner was a service loaner. They probably didn't want to "sell" it to themselves and put it back on the lot as a CPO because it's 2WD.
I bought a 2015 Sienna Limited Premium AWD last year with 70k miles for $23k. That was the best deal I could find. That much for almost a 10 year old vehicle is crazy. I remember when I bought my 2008 Mazda 3 fully-loaded, grand touring trim with 23k miles for $15k in February of 2010. Big difference from years ago. Smh
Stellantis / Dodge just announced today that it's laying off 2500 workers a Detroit assembly plant and totally stopping production of Ram-1500 pickups in October
I regular visit my local CarMax in Raleigh and I remember late last year they had new Civic sport sedans for 30k…within walking distance of them the local Honda had many many civics for msrp under 25k. A few months ago they were offering me less for my Golf R than regular dealers whereas over a year ago they basically gave me msrp for my GR86 which dealers wouldn’t go anywhere near. Heck, I had bought a CR-Z at a dealer for 12k, drove it a year and sold it to CarMax for 13. They sold it for 19.
The fix is very easy. People need to buck up and purchase what they can afford, Not what they want. I have no sympathy for people who whine that they cannot afford a $60,000 car. Then buy a $35,000 car. So many younger people are up to their necks in debt because of this “I want to live the champagne life on my near beer salary” attitude.
Would you mind doing a special episode on Vans/MiniVans that could be used by those downsizing or imminently homeless??? It would be so helpful to a huge number of people now losing their jobs and homes.
It's not even a real truck! It's lower to the ground than an SUV. Trucks are supposed to have high ground clearance. And it has tiny little pussy tires! It's not a truck.
It's not about supply and demand, don't be a fool. Its a rigged fall. You just need to figure out the motive. Because when you do. Looking cool should be the furthest thing from your mind.
That’s dedication! I see you out there while hurricane Debbie coming through. Anyone that lives in the Carolina’s knows when they see a sky like that, what is up. Good job outta you.
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless MrsAnn Marie strunk❤️
People have short memories. No one remembers how bad things were ‘08-‘10. They keep borrowing until the banks stop loaning $. 10’s K’s of foreclosures, Blackrock bought all the homes and now we live in a country of renters. The upcoming recession will be a depression. Hold on
@@aviation3530 then there was 1981. interest rates went over 20%. inflation rates were over 20%. there was no discretionary income. then there was Reagan. his anti, hatred of organized labor is the source of cost cutting which marked the the beginning of the problems we have today. he planted economic time bombs that deferred the negative reactions to the economy. as far as the national debt goes trump "borrowed" 10s of trillions without our permission & input. how about budget debates? e.g. raising the debt ceiling requires bipartisan cooperation. who do they they are fooling?
@@aviation3530 what do trump, reagan & biden have in common? they can blame others for their failures & take credit for others success. I have not voted since 1980 & absolutely do not care though I am going to vote for v.p. harris not for political reasons but for she Is not only young she is a woman. at least biden had the decency to stand aside. Joe has won every erection since 1972. he is at the helm. he knows how to win. he is a genius politician. kamala Is going to win. actually I am now a communist. look at china & russia. they are prosperous & have no homeless & rampant crime.
I don't think it's going to be very long before people get sick and tired of seeing the same headlines on all your videos before they realize it's not true
Buy what you can pay cash for. I just bought a brand new Ioniq 5 for $41K. Hyundai rebate, direct sale through Consumer Reports buying service. No wonder they can't sell used cars.
They still have suspension components and tires, don't they? And more mileage equals more charge cycles which is the electric car's version of engine wear. Mileage does mean something.
I try to sell my truck at CarMax and this SOBs were giving me 25% of my car value, but they have the same pickup truck 300% more expensive than my same truck .
![ALLY - OH MY! [ REACTION ] 'Amarin Nitibhon' #ALLY_OHMY #ALLY #allynitibhon #แอลลี่](http://i.ytimg.com/vi/nX9qpHjVfbQ/mqdefault.jpg)
you have been making doomed videos for last 2 years but the price of a new vehicles in my area has not come down. These folks will not cut the price down and are not desperate to sell. I have been waiting for whole year to buy a new car at a low price but so far nothing has come down. So, where do you live and where is all these dealers who can sell and cutting the price like crazy?
There is an old saying about markets. "The market can stay irrational longer than you can stay solvent.". Meaning you have to be patient, if you hop in too early you're going to get burned.
I've been waiting to get a truck for a couple years, too.
+1000
CQA and many others have posted many videos saying "this is the end for car dealerships". All of the wishful posts is but a fasad geared toward selling to you youtube videos about dealership demise. Well, the truth is they've been in trouble before and the federal government came to their rescue. They're not going anywhere anytime soon. This is why the crazy prices will continue and those who have the means pay them period. If you was a dealership and made the bank that you made in the last 10 years, would you want to go back to a time when you made less?
@@blaise-of-glory Fact. The cheap rates may not come for another 2-3yrs. The prices were so high that it’s becoming normal. Now we wait for the tank. From a dealer perspective they are going to hold on as long as they can. Some of them will rather go out of business then sale things at discounts.
Go to any Tesla. They have had 3 price cuts already on new vehicles. April 22nd began the first wave of cuts nationwide.
Wish I had a dollar every time one of these guys declared the end of Carmax and Carvana.
lol right I have been haulign cars for them like crazy
I just bought a car from them two weeks ago and they were packed, so they are selling cars. Maybe they aren't selling in his location, but they are moving cars.
@@donnysnonsense Yes, they are selling cars, just not for Top Dollar. Neighbor just bought a Nissan truck from them for a very good price, best price he has seen so yeah they can move cars as long as they get right on the price.
My opinion is that Carvana might VERY WELL be using drug money to inflate gross profit and net profit on the sale of vehicles. The Drug lords buy Carvana stock which rises much more quickly and makes much more money than they are laundering thru Carvana. If I was an evil drug lord, that is what I would do. The Feds, under Biden/Harria, don’t care about Carvana investors as long as the drug money circulates back into the US economy. That’s my opinion.
@@donnysnonsense Are you a salesman? LOL
Every week the same message…..nothing changing……lemme know when prices fall. I’ll buy.
find a good used vehicle...i bought the Maverick..loving the 44 mpg
Exactly! 😂😂!
@@DiscipleofHim I bet you couldn't get the base model at the low price!
😉 So I figure you're a Ford Salesslime.
I know, ever video is the same, the car market is crashing. Let me know when prices fall or major incentives are out.
Soon new vehicles will be sent to used car lots for auction.
I work in sales at CarMax. I sold 3 cars yesterday at work. Yes, the overall market is slowing down, but CarMax isn't going anywhere. These TH-cam gurus have been calling CarMax's demise for the last 2 years. There are A LOT of people who love CarMax's business model.
CarMax isn't for me but I absolutely agree
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
Digital Asset"? What is that? Does it have some intrinsic value or is it a made up ledger of imaginary ones and zeros?
That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
He is really a good investment advisor. Was privileged to attend some of his seminars.that's how I started my own crypto investment
And that 35K Tacoma will still be there next year.
35k for that Tacoma 😂
Is fkn insane
It's actually because Toyota holds their value and it's not much higher than it's KBB if it's a TRD off Road. Just saying...it might drop some, but those trucks are always highly sought after.
No one wants the new ones. The prices are new Tacomas is unreal. No one wants them or the New Tundras. Too many issues. I see a lot seeing on lots near me.
@@rick03168 Maybe a base model? But MSRP for a new Tacoma TRD is at least $38k. Which I think you'd be lucky to find...but maybe there's some deals out there.
I just payed 36k for my brand new Tacoma . Was the same price as a used one
I would never pay 30k for a car with 100k miles
Whoever buys that is a real sucker
💯 Agree
Escalade, no
Ferrari 458, yes
Agreed. Makes no sense.
@@sburns2421no on both
People don’t want to buy new tundras because the engines are EXPLODING
Toyota's drowning in debt .
Recall replacing motors, but who wants their whole truck cab taken off and hope the Mechanics can put it all back together right. All the Toyota Mechanics are dreading these recall jobs coming up.
@@MathiasJarlson exactly
If you look deeper than the “Toyotas run forever” BS, you’ll find they’ve definitely joined the planned obsolescence bandwagon
The other day, I saw 3 vehicles broken down on the road. That let's me know people are driving until they break down, don't want to get into debt, or can't afford 1K in monthly payments. I am sure mechanic shops are booming.
They also can't afford to properly maintain them.
I have 235K on my Audi S4. I'm going to drive it until the wheels fall off. Because I like everyone else cannot afford to get into $500 to $1,000 a month car notes. It's actually cheaper to keep our aging vehicles and fix them when they break. For instance, it's about $7K to put an engine in my current car. That's still mountains of cash cheaper than a car note on something newer.
That’s presumptuous of you
2 Ram dealerships near me and not one Ram 2500 for less than 65k. I will wait....
Credit Card interest rates for a car note is absolutely ridiculous.
+1
Buy cash, an old car if need be, and get handy
Who buys cars with credit cards? Unless you're paying it off right away that sounds foolish
@@privettoliI think they were saying that it’s crazy to charge double digit interest rates on car payments like they do on credit cards… 🤷🏾♀️
Credit card? They tell you the interest rate up front. It’s your mistake if you use it
During covid, CarMax gave me 22k for a 2016 Wrangler with 151k miles. Thanks CarMax.
Damn!!
lmao
Yep I got 26k for a 2017 f150 with 80k miles. I believe the truck is still there 2 years later. 1st year of the 10speed automatic transmission and it shifted real hard. It would throw your ass into the dashboard getting outta 3rd gear. Good riddance
Carmax offered me 5,000.00 for my Nissan Rogue and told me it had transmission problems. Mercedes dealership paid me 9,000.00 for it and said the transmission was fine.
Did it have a cold?
Love these guys who say the market is collapsing. As if car dealerships don't watch the market and know what they are doing. Carmax is making a damn fortune. I'd venture to guess that much of their income doesn't come from car sales. It comes from a little income stream called Carmax Auto Financing. Just like McDonald's corporate doesn't make money off selling cheeseburgers, they make their money off leasing the buildings to franchises. These businesses aren't stupid.
Like Gillette. Giving away the razor and selling the blades. TONS of blades.
Real estate is not owned usually by corporate but by individual landlords or llc’s. McD is a food enterprise not real estate mogul; too much $$ tied up in land not available for the business.
Well people keep watching the videos and giving these channels massive TH-cam advertising revenue so if you don’t agree, stop watching
MCAA=Make Cars Affordable Again.
Uncle Sam does not want that and all the useless regulations and climate hoaxes are driving the car manufacturers to make changes that are detrimental to the buyers/drivers. The GOVERNMENT/liberals destroy EVERYTHING it touches.
I knew CarMax was in trouble when they started buying every used car in sight, and paying darn near MSRP for them. When the stimulus money ran out, so did the buyers, and the market, predictably, died a quick death.
@dennissvitak5475 Dude Greed from the beginning of time has always been one of a aphrodisiac !!
carvana was doing this too. often you got better offers then most places.
@@LCJammer - In April 2022, they offered me $28,500 for a five year old Subaru Outback 3.6R, that I paid $34k for. Five years old.
Well I was able to get my Dodge with the stimulus that's all I know lol
I got quote during COVID for my Grand Cherokee and was shocked at how high it was.
Part of the problem is the big 3 have not made a good quality vehicle in about 7-10 years. I used to only drive fords, but I just recently bought a 2018 Tacoma TRD Sport because Toyota is one of the few auto makers still making quality vehicles.
Tell that to one of the people with a blown up Tundrra V6
Remember coming across this channel in early 2022 with the same message, is it almost time??
Nah this dude is just a grifter who tries to get views with low quality nonsensical click baity videos. Except he only has one format that works for him, so he just posts pretty much the same video but filmed in a different parking lot every day
Yes, I mean no. Maybe?
@@saqlain6822 glad I stopped watching 2 years ago
Almost! Maybe! Who knows!
I live in southwestern Pennsylvania and I see absolutely NO dealer in my area that is willing to negotiate the price on a new vehicle. I don’t see a large inventories and I don’t see any reset in the market. What I do see is a lot of new trucks and cars driving around. I love your videos and watch them all the time. I do see high prices and but I don’t see any dealers around here suffering or bitching about not being able to sell. If I’m wrong help me out. Show me where I can get a decent deal on a new truck. These dealers around here don’t care and barely wanna budge off the MSRP.
i dont get it either.
Have you considered the notion that you might just smarter than the average bear?
@@yelapa999 I’ve tried all angles. Days on the market, high interest rates, more inventory than customers. THEY DON’T CARE
same in my area. no cuts in price
I would suggest shopping out-of-state and shipping it home. Your dealers might not be desperate yet, but others are or will be shortly.
I bought my 2019 Nissan Frontier SV from Carmax in April of last year for 25,900. It had 35K miles, clean carfax, no accidents. Super nice condition. A 2018 Tacoma with 80K miles was priced at 39.9. Insane. I'm very happy with the Frontier and glad I got it.
Good deal! Last month I bought a 2019 Frontier Pro4X loaded with 31.9k miles for $28k. The Tacomas same year (but less robust, no locking diff or leather or ladder frame or rear discs, etc.-AND with several thousand more mileage-we’re 5-10k$ more.
Most of CarMax's vehicles are rental car returns and off lease fleet vehicles that weren't good enough for dealer lots. Those Teslas you pointed out are undoubtedly ex Hertz rentals being dumped.
and they said after what happened in 2008 it could never happen again. that is correct. it never stopped.
People never learn. Just look at how many people still smoke cigarettes. Can’t get any more foolish than that
@@tomdavis8757 how about people who live unhealthy life styles & continue to eat unhealthy fast food or ingest meth that kills the heart?
I would rather die from cigarettes than a long drawn out miserable demise on life support.
Duuuuude!!! You've got balls of steel to report negative news about CarMax FROM THEIR LOT!! LMAO. 🔥🔥🔥😂🤣
Where are all the salespeople? No one approached you the entire time??? 😮
interest is a big part of it.. if i can go to a new car lot and get financing at 4 or 5% vs 9% thats a huge difference in the payment.. before prices drop you will see finance deals.. they are starting around me.. 2.9% for 60 months or ive eve nsee na couple 0% for 60 month deals on new cars already.. with car max high used prices that means by the time you factor in finance charges it might be cheaper to getthe brand new car... 0% vs 9% for an 'A' credit customer
The problem with Tundra and Tacoma, Toyota went to turbos. Nobody wants turbos. Those older Toyotas might be worth more than usual.
That 2023 Toyota 4Runner with 1K miles at $49K is a gift!
lol it’s your money
CarMax had a narrow window 2-3 years ago where they could have liquidated much of their inventory with some aggressive pricing. Now, they’re sitting on depreciating inventory they paid too much for and can’t even lower the price enough to sell without losing their shirts.
No dealer will liquidate with low pricing. Why sell 1000 vehicles at $1000 profit when you can sell 100 at $10000 profit ?
The problem now: Credit scores. That determines your payment and where you get lending. I went to CarMax with my son for a used Ford Raptor. It was higher than the dealer for a similar car. Btw, CarMax does not lower or negotiate any prices.
Isn't no negotiation what people like about it?
Too many vehicles that are old, 200,000. Plus Mileage selling for $8,000. to $10,000. Too much money for a vehicle soon to be junked.
I just bought a car from CarMax two weeks ago and they were packed - tons of people buying cars the day I picked mine up.
But the man in the video says no one is buying! Don't believe your lyin' eyes LOL
This is reality. You’re be videos are not,
Where we live, the EV‘s are flying off the lot. I crashed our 2018 bolt in February. Five days later we went down to the Chevy dealer and got another one. The 2021 premier with only 9999 miles on it. Our said 53,000. We paid $14,000 less for the 21. the dealer said and we also saw that you couldn’t keep them on the lot. Now you’re in a southern area where I’m sure EV’s aren’t as popular. they are everywhere up here and grow day by day by day. I watch you regularly and the market is just totally different up here. And I’m in Massachusetts.
I went to a salvage car auction last weekend and it was amazing how running and driving cars were going for so cheap. Plenty of runners available for $500-$2000. A couple of years ago nothing was less than $2K, even barely running stuff.
What area of state are you talking about? Thanks
@@UpsheetscreekWOapaddle North central Texas
Prices need to go down and even undershoot inflation for a bit. Such as drop to 2019 prices for about four or five years. Clear out all the excess and then restart.
The picture you paint is pretty skewed and full of hyperbole. Carmax FY sales volume up 1.3%. Profits down slightly. 1st quarter 2025 there has been further decline but not ‘plummeted’. Buying less from consumers and more from dealers. They are averaging $2251 net profit per vehicle. They are facing headwinds and they recognize this reality and they’ll make the proper adjustments.
"proper adjustments" in 3, 2, 1...
Facts like this don't drive click traffic, you're harshing his vibe
Facts numbers don't lie
This. All dealerships are grinding it out. Oems are buying down rates to make deals. We will continue this grind until morale improves
I have been wondering for several years how people can afford these new cars. I have researched what the average income is in this country and surmised that there is no way that the average person can afford the average car, and I believe that I am right. The thing is, there are lots of people in my area who can afford them. I went to a family gathering recently and was talking to my 27- year-old grandson. We got to talking about money and jobs and i was astounded what this kid is earning. He has been at his job for three years and earns $ 130,000 per year plus bonus, free company car, 401 k etc. Other young people there also earn just shy of $80,000 to $ 160,000. Those figures are for one person. There are still people who can afford these vehicles.
i got a 2024 m40i xdrive fully specced in the purple i wanted with 3k miles for 42k dollars from carmax , bmw wanted 58k for the same car. carmax gave me 3% intrest, bmw wanted 5%. easy decision for me.
I agree with last comment. I have not seen any prices drop even on old rust buckets. I am looking at dealerships, craigslist, facebbook market place, etc and prices remain high for new cars all the way down to high mileage broken old cars.
CarMax has been “done”a few dozen times this year. Still waiting on those prices to come down.
Stellantis will lay off 2400 people in the usa, since Nobody byus those rams
Already this week been announced many layoffs an believe it or not they are not making the base model anymore. They don't care. DC got another bail out coming.
Think it’s just the base. Plenty still buy them
peeps that refused to over pay, they are the only buyers left. And still not in a hurry.
Karmax is finally arriving to Carmax
Karlmarx lol
@@horseathalt7308 lol
For the first time in 3 years, I saw a 2015 Lexus GS 350 eith 60k miles for less than 20k. They were hanging out at 25-26k for similar miles or even 100k miles sometimes .
I have seen the “Carmax is done” video for four years now. I checked today and they still trade on the New York Stock Exchange.
Every Carmax car I search has an accident
They are selling trash and most people are desperate enough for a lower price they will bite.
Watch out for flood cars!
Same thing for many Carvana cars.
Many of them are repos so it makes sense.
Supply high demand low but prices stay high what the hell is going on? I thought prices were supposed to go down in this scenario. I want to buy a car but this market makes no sense
I have the same frustration. We're waiting on the sidelines until the delusion ends for auto makers/dealerships.
Why are you waiting?They are devaluing your US Dollar at an astronomical rate.This is what an economic collapse looks like in the beginning stages
Investors don't like lower prices.
They are going to wait till they are facing bankruptcy before they lower prices
Be patient, it’s almost here.
@4:29 2013 4RUNNER LIMITED W/100K MILES FOR $27K? CARMAX SMOKES CRACK.😂😂😂😂
I’ve noticed a lot off cars with 1K miles or less on them in CarMax inventory lately
Yeah me too. Likely buying a lot of new car dealership bloat.
@@Papolucho702 now on the EV side is the biggest gap! EV6 with less than 1K on it was $20K cheaper than the same car brand new on the KIA dealership lot 5 miles away!!!
At some point carmax is gonna go "not this dude again on our lot" Lol.
He’s gotta do something his own car lot is getting roasted with negative reviews because of the quality of cars he sells. If his customers have an issue he gives them the old “well the sticker said as is “ weird how he goes from an “expert” on the industry but does that to his own customers.
@@aircav28 oh damn...
@@PatrickC139 yep research him they even turned off the comments on his car lot Facebook page
@@aircav28 wow really? damn. this is why alot of people don't wanna buy sub $5000 cars. anything happens to it that requires any repairs its basically totaled
I'd do a car rental with junk cars... If it breaks just swap out the car ..If you got a mechanic on staff you could get away with way cheaper auction cars... $250 a month for a running car... People need no real money and they need no credit
I saw where the big 3 can file bankruptcy and throw out contracts that are too expensive. You know which ones, and renegotiate at lower contracts. The US bankruptcy court can do that.
Gotta call BS on this one. No deals to be had in Central WI. I have also looked in MN, KY and TN.
Thanks for the constant, nearly real-time market data, Brandon!
I'm in Vegas but if I were ANYWHERE east of the Mississippi River, I'd travel and come buy a car from you in North Cack!!!
Your Goodwill & Reporting are very much appreciated ♥.....take care, Brother!
I would never buy from Carmax. I know a guy who sold his clapped out Toyota which was burning a quart of oil every 500 miles to them, and they happily accepted it. The new owner must be so thrilled.....
But I thought Toyotas were perfect in every way…..
They're not lowering their prices here in central Florida. Bought a '23 Lexus ES 350 from them four months ago. Same exact car is the same exact price...with 2-3 times the mileage.
Damn I remember you from like 4 years ago haha still making Doomer video 🔥😎
Carmax and Stellantis should invest in a state-of-the-art recycling/car crushing side business. Nobody buying your cars, crush them, write them off as huge losses and sell the recyclables. Beats paying every overspill lot you can find rent to park your overpriced vehicles. And yes this is a stupid idea but no more stupid then their current business model.
Most people don't adequately maintain their cars (I'm not referring to you, dear reader), so I'd hesitate before buying used.
I like to buy used locally where the seller is known.
My sister just bought a 2020 Toyota Camry with 5,300 miles- one lease owner- perfect car fax and no damage except for some back window tint issue, for $24,000 total at 9% from Carvana 😂 she even got to put the coin in the slot..
This one was enjoyable, thx for making it.
I'll keep driving 10-20 year old vehicles as long as I can. If I want to go on a long trip, I'll rent a newer one and still come out financially in the end. I do remember the days when I was suddenly stranded. The only way out of that was to go to a dealer and get a new car with a loan to go with it. Sometimes that is the only option.
They abused the market, I hope they all have to drop prices.
Carmax is like a utility, except without dividends. 12 billion market cap and profit margin less than 2 %. I don’t think anything can kill Carmax.
Good afternoon Brandon I have been flipping used cars since 1962 they'll take what they can get when it comes to price because you can't eat the junk and scrap weight will give you peanuts. Jwm.❤
the real problem with all these used ICE vehicles is you never know if the 40,000 Miles was all full throttle or not 😢
A commodity will be as expensive as the consumer wants. When the consumer cannot buy, the price goes down. When the banks stop lending, prices go down.
Bingo. Until consumers say they have had it with high prices, only then will corporations bring down prices. Problem is, too many trying to keep up with the Jones's.
@@wa210you also have money printing injecting more money in circulation making prices go up and eating away buying power
CarMax has gone higher 3x on my offer over the last few weeks. 1st $24k 2nd $24.6k 3rd $25k.
In previous videos you mentioned how crammed with trucks the dealerships are. This afternoon my husband and I happened to drive past a large Chevrolet dealership and you were 100% correct. Enormous trucks were everywhere a truck could fit, or even couldn't. The fancy, elevated "display" pad had three trucks parked on it!
If Carmax expects to be around in 10 years it had better get its prices in line. They’re crazy with their prices. Wouldn’t even consider them.
when you see corporate companies drive themselves into the ground, but then your told you have to go to business" school to learn these techniques?! I think thats just as ridiculous as these prices!
dont be deceived by the blue ford emblem and the "GM" lobo. there are morons running them. elimated the low end trim's. no one has money. high interest rates. they should be slashing the prices to get rid of the 2022's and 2023's.
I think it’s quiet hilarious. Had a salesman tell me that the reason I need to buy the maverick now is because they are at MSRP I’m like buddy no other dealer is charging above msrp and there are 20 in the lots because no one is paying 35-40k for a mini truck
@@taxationistheft7 ford defeated the purpose of the maverick. was supposed to be a cut rate ranger for 19k. nothing makes sense after covid.
I appreciate this video. It has taken some time and patience to reveal what's going on in the economy.
Every individual that went into the market and paid exuberant prices for vehicles during covid did considerable damage to the AMERICAN CONSUMER. This is called deflation; and the proverbial piper has just begun to play his tune. Kudos to those who've kept their powder dry!
Carmax lost me several months ago when I went car shopping and saw their prices had to start over $10k. No bargains to be had for someone who needs basic transportation cheap. Still waiting for things to improve enough for me to find "something"
That Maverick that’s now almost three years old is selling used with 20-something thousand miles on it for more than it listed for new.
Take all the time you need to think about that.
With 1,000 miles on it, my guess would be that 4Runner was a service loaner. They probably didn't want to "sell" it to themselves and put it back on the lot as a CPO because it's 2WD.
I bought a 2015 Sienna Limited Premium AWD last year with 70k miles for $23k. That was the best deal I could find. That much for almost a 10 year old vehicle is crazy. I remember when I bought my 2008 Mazda 3 fully-loaded, grand touring trim with 23k miles for $15k in February of 2010. Big difference from years ago. Smh
Stellantis / Dodge just announced today that it's laying off 2500 workers a Detroit assembly plant and totally stopping production of Ram-1500 pickups in October
ram 1500 "classic".
@@trevormcguff1697 Yeah, OP left out that non-minor detail. I guess screaming "FIRE" is more exciting than "Oopsie, I lit the trash can."
The Tundra issue is mainly the huge recall. Everyone is afraid to buy a 2022 or 2023. I wouldn't touch one.
Carmax gave me $2k over what the dealer offered. I asked if they could match it and he just looked down and said no...
I regular visit my local CarMax in Raleigh and I remember late last year they had new Civic sport sedans for 30k…within walking distance of them the local Honda had many many civics for msrp under 25k.
A few months ago they were offering me less for my Golf R than regular dealers whereas over a year ago they basically gave me msrp for my GR86 which dealers wouldn’t go anywhere near. Heck, I had bought a CR-Z at a dealer for 12k, drove it a year and sold it to CarMax for 13. They sold it for 19.
Carmax is making money on the finance side, they aren’t going anywhere.
Anybody with half a brain wouldn't buy from CARMAX. way OVERPRICED.
The thing about Repos is if they couldn't afford payments then they couldn't afford maintenance either. 🤔
The fix is very easy. People need to buck up and purchase what they can afford, Not what they want. I have no sympathy for people who whine that they cannot afford a $60,000 car. Then buy a $35,000 car. So many younger people are up to their necks in debt because of this “I want to live the champagne life on my near beer salary” attitude.
I bought my 2013 C300 Mercedes Benz from CARMAX 7 years ago and I still love it.❤❤
Would you mind doing a special episode on Vans/MiniVans that could be used by those downsizing or imminently homeless??? It would be so helpful to a huge number of people now losing their jobs and homes.
Good Idea.
Living in a van down by the river isn't all that bad a life.
Honestly, I don't see a crash on the dealer lots. Especially Toyota's.
2022. Maverick xl not even awd for 24 k is absurd 🤣🤣
It's not even a real truck! It's lower to the ground than an SUV. Trucks are supposed to have high ground clearance. And it has tiny little pussy tires! It's not a truck.
Crazy that prices are still that high for cars that old with that many miles. Smh
It's not about supply and demand, don't be a fool. Its a rigged fall. You just need to figure out the motive. Because when you do. Looking cool should be the furthest thing from your mind.
That’s dedication! I see you out there while hurricane Debbie coming through. Anyone that lives in the Carolina’s knows when they see a sky like that, what is up. Good job outta you.
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless MrsAnn Marie strunk❤️
Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
Thanks to my co-worker (Carson ) who suggested Ms Ann Marie strunk
She's a licensed broker here in the states🇺🇸 and finance advisor.
After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.
Can I also do it??? My life is facing lots of challenges lately
Brandon you are right not enough infrastructure in the EV space
People have short memories. No one remembers how bad things were ‘08-‘10. They keep borrowing until the banks stop loaning $. 10’s K’s of foreclosures, Blackrock bought all the homes and now we live in a country of renters. The upcoming recession will be a depression. Hold on
This. And the recession is not upcoming. It's here. It's slowly morphing into a depression....
@@aviation3530 then there was 1981. interest rates went over 20%. inflation rates were over 20%. there was no discretionary income. then there was Reagan. his anti, hatred of organized labor is the source of cost cutting which marked the the beginning of the problems we have today. he planted economic time bombs that deferred the negative reactions to the economy. as far as the national debt goes trump "borrowed" 10s of trillions without our permission & input. how about budget debates? e.g. raising the debt ceiling requires bipartisan cooperation. who do they they are fooling?
@@aviation3530 what do trump, reagan & biden have in common? they can blame others for their failures & take credit for others success. I have not voted since 1980 & absolutely do not care though I am going to vote for v.p. harris not for political reasons but for she Is not only young she is a woman. at least biden had the decency to stand aside. Joe has won every erection since 1972. he is at the helm. he knows how to win. he is a genius politician. kamala Is going to win. actually I am now a communist. look at china & russia. they are prosperous & have no homeless & rampant crime.
My maverick xl new was $25k. NEW!
I don't think it's going to be very long before people get sick and tired of seeing the same headlines on all your videos before they realize it's not true
I guess if you repeat a lie long enough, it becomes the truth.....besides, its all about the clicks and views
What's not true though? This guy literally goes to car auctions, sells cars, and has his finger on the pulse of the industry.
what is true?
My father In law works at Randy marion in NC, all the new car dealers are struggling besides Toyota. Bad struggling
Economic changes like this take time tbf….
Good luck selling at those prices. Used prices went through the roof in the last three years. A major correction will have to happen.
The prices seem delusionally inflated by 20 to 30%…maybe more, lol. Lots of dumping down of prices still needed.
Buy what you can pay cash for. I just bought a brand new Ioniq 5 for $41K. Hyundai rebate, direct sale through Consumer Reports buying service. No wonder they can't sell used cars.
Funny!! People still go by mileage on tesla. THE DATE IT WAS MADE!! It's electric. Miles don't matter. 😂😂
They still have suspension components and tires, don't they? And more mileage equals more charge cycles which is the electric car's version of engine wear. Mileage does mean something.
Miles always matter😂
Mileage doesn't matter on a 100% electric vehicle. 5,000 miles on a 10 year old electric your asking for trouble.
I’m in the market for a used RAV 4 higher breed 😊. Prices are dropping fast.
carmax has been too high for at least 18 months and they have not lowered their price yet.. i guess they are car collectors not a car dealer.
carmax has been too high for at least 18 years.
I try to sell my truck at CarMax and this SOBs were giving me 25% of my car value, but they have the same pickup truck 300% more expensive than my same truck .
Thought carmax was in the take like 53 vids ago.😂
2 of my local Ford dealers have more than 30 Mavericks EACH