CARMAX DISASTER Signals COLLAPSE Of The Car Market!

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Car Questions Answered

Car Questions Answered

Ай бұрын

CARMAX DISASTER Signals COLLAPSE Of The Car Market!
In this video we talk about CARMAX. I take you to CarMax's lot and show you just how full it is and how expensive their cars are. It's clear that CarMax is in trouble and their prices aren't sustainable! I also talk about what this mean for the car market as a whole.
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

Пікірлер: 1 800
@thomasallen6980
@thomasallen6980 28 күн бұрын
People that traded cars in every three years are now keeping them ten. The car industry got greedy and screwed themselves.
@eseir64
@eseir64 28 күн бұрын
The tech from a 4 year old is pretty current. The new tech is all about one huge digital panel. One shorted fuse and you are done.
@DWebOscar
@DWebOscar 28 күн бұрын
​@@eseir64and then they added the subscription fee to use the screen. That is my personal breaking point.
@GrapeParfait
@GrapeParfait 28 күн бұрын
Only ten? I've had my car for 25 years now and its still going strong. I just fix stuff when it breaks and perform the maintenance and don't beat the heck out of it when I drive. Zero speeding tickets and zero collisions with maintenance and proper car can make a car last a really long time.
@Ian-pe9rj
@Ian-pe9rj 28 күн бұрын
@@DWebOscarthey also report your driving history to insurance companies now through the in vehicle telemetry, no thx ill keep my 2017
@edsedlak6827
@edsedlak6827 28 күн бұрын
Keeping it for a long time is the only solid plan anyway. Trading card after 3 years is throwing money in the garbage can.
@kitsune303
@kitsune303 28 күн бұрын
That Raptor, Shelby, and Vette have no price because you have to sign a medical waiver before Carmax will show you those prices.
@Derek8487
@Derek8487 28 күн бұрын
Good 1
@bruceposch1449
@bruceposch1449 28 күн бұрын
I thought it was because they keep a defibrillator in the office.
@UmmmmmmmWhat
@UmmmmmmmWhat 28 күн бұрын
"Did you sign the waiver and bring the required change of underwear?" "Yes" "Ok, the buy-it-now price, before tax, title, dealers fees, destination charge, and dealers member lube fee is..."
@mikewright8304
@mikewright8304 27 күн бұрын
Lol​@@UmmmmmmmWhat
@davidbrayshaw3529
@davidbrayshaw3529 27 күн бұрын
That's one option. If you follow the signs that say "defibrillator" to end of the yard, the prices are posted there. No medical waiver required, but you must be accompanied by someone who is a holder of a current first aid certificate.
@grumpynomad3551
@grumpynomad3551 28 күн бұрын
Dudes done this video like 20 times already. Nothing changes.
@james-p
@james-p 28 күн бұрын
Yep, "Car Market Is Gonna Crash Real Soon" videos have been going for like two years now.
@russellstewart5414
@russellstewart5414 27 күн бұрын
@@james-pBingo. I tune in just for giggles, the dealers around me have a good supply and they don’t seem to be lowering prices, I’m in the market for a newer used truck and prices are insane. But they are not calling me back with good news on price reduction. Stats don’t mean anything and dealers are not closing anytime soon or having a fire sale
@mysteriousoklahoma777
@mysteriousoklahoma777 27 күн бұрын
He’s been milking this for 2 years…he’s become a used car grifter
@eritulizx
@eritulizx 27 күн бұрын
it reminds me of those videos that said China was going to collapse. Still waiting...
@amohkumengisa2362
@amohkumengisa2362 27 күн бұрын
He’s talking about leading measures… y’all are expecting lagging measures
@the1beetsy
@the1beetsy 25 күн бұрын
How many signals of the car market collapse can there be before it actually happens... 🤔😂
@curly__3
@curly__3 28 күн бұрын
They destroyed American trucks and then jacked the price 2.5x in 5 years...that always works out real well for big ticket items...
@UAkovalchuk
@UAkovalchuk 28 күн бұрын
Isnt that crasy!!
@XanVicious
@XanVicious 28 күн бұрын
i keep seeing older trucks on the road more often now. I myself have an 06 Silverado that i will never let go. The last of the greatest trucks.
@hochhaul
@hochhaul 28 күн бұрын
They didn't increase the prices of American trucks by 250%.
@curly__3
@curly__3 27 күн бұрын
@@hochhaul ... I was shopping for a truck real time in 2020 through 2022... Trucks that msrp'd for $38,000 were $66,000 at the dealer 18 months later and then $90,000+... They're back down to about $80,000 now... So yes they did.
@overlordisgoogle8431
@overlordisgoogle8431 27 күн бұрын
We need the old 2002 Ford Rangers back
@neiljuedes1661
@neiljuedes1661 28 күн бұрын
It makes me feel all warm and fuzzy inside that CarMax , manufacturers and Dealers are starting to suffer but there is a long way to go before we as consumers are satisfied with the pricing of these vehicles !
@alb0zfinest
@alb0zfinest 28 күн бұрын
I don't understand if Carmax is selling at a rate of 5% less, why are they buying more from dealers? Wtf
@RK-de5wg
@RK-de5wg 27 күн бұрын
You have to remember that it takes it two to tango in any car deal, and the general buyer also had a hand in causing problem. They all caved just like they did during Covid wearing those stupid masks and all laid down and paid the prices! And, here we are!
@dradmclad
@dradmclad 27 күн бұрын
You’ll be feeling extra warm and fuzzy when the government bailouts funnel billions of tax dollars into mega corporations to “save” them. This is all by design of course. We are economic cattle for the whims of sociopaths.
@bpb5541
@bpb5541 27 күн бұрын
I agree. The only way price comes down is with price rejection. I don't like paying 18 dollars for a Big Mac so I don't buy them anymore. They get them back down to the 5 dollar range ... I might start buying them again. This holds true for houses, cars, etc. This isi the exact reason we buy when people are selling and selling wizen people are buying. Rich folks have figure this out a long time ago. I ask people all the time.. you compalin about buying things but you are part of the problem. Stop buying that over price ... whatever. Enough of us do this... price will come down. We are starting to see that in the car and housing markets. But it has just started. It will accelerate and might last for years. Deflation is one of the dirtiest words in capitalistic debt based system. If you are rich you DO NOT want deflation... you want inflation. If you are poor or middle class you absolutly want deflation. The end of the GFC was the prime time to buy residential houses. Not right before it ... when it was apparent we were in a bubble. Just like we are in now.
@JeffreyKretzler
@JeffreyKretzler 27 күн бұрын
China is about to pounce on super cheap cars and will decimate the American market.
@bassandtrebleclef
@bassandtrebleclef 28 күн бұрын
$600 won't cut it. Carmax is consistently $5000 above market for most cars. Some of those trucks are 10-20k above market. They're going to take a haircut.
@russelbrown6275
@russelbrown6275 26 күн бұрын
No they are going to get a buzz cut
@barriowoodworks
@barriowoodworks 28 күн бұрын
The FED yesterday said, they will not be cutting rates anytime soon. Remember when they said inflation was only “transitory”?
@Sevier7777
@Sevier7777 28 күн бұрын
Remember that they also said they would be cutting rates more than once this year yeah.....
@Pb_Slinger
@Pb_Slinger 27 күн бұрын
You believed them? Guess what! The “FED” is private.
@blur02
@blur02 27 күн бұрын
Economy too hot. Fed thought it was going to slow, for years now everyone says economy is going to slow in 6 months
@Android-Zen
@Android-Zen 27 күн бұрын
@@blur02because they haven’t stopped printing money. Inflation will remain as long as the federal reserve exists.
@huntermccoy7641
@huntermccoy7641 27 күн бұрын
Remember when the fed didnt exist.
@susanstewart5194
@susanstewart5194 28 күн бұрын
I have contacted a good many car dealers about a new car purchase recently. Sorry, but they have their heels dug in and are holding prices high. They also have many greedy fees that tack on a good 7k to 10k on the suggested retail price of the car. I'll just keep my current car.
@AlphanumericCharacters
@AlphanumericCharacters 28 күн бұрын
“Desert Protection Package” Window tint in front two windows, UV resistant wax, scotch guard on seats, door edge guard. $3,500 markup on a $25,000 car. I literally laughed in their faces
@stevep927
@stevep927 28 күн бұрын
Remember the housing bubble ? The car market will burst. Just be patient and wait for it
@Lik3ToSing
@Lik3ToSing 28 күн бұрын
Try different brand
@luisserna7695
@luisserna7695 28 күн бұрын
So true! Been to five different dealers in the last 2 weeks! Still tacking on this ridiculous add ins and above MSRP
@william6534
@william6534 28 күн бұрын
wait until you have to do service lol
@markaruski
@markaruski 28 күн бұрын
Those car prices are crazy, will stand by on the sidelines for now and just keep repairing my current car.
@chucknorris277
@chucknorris277 27 күн бұрын
If you can turn a wrench it's a no brainer... I got to put a lift in
@nickprioletti7221
@nickprioletti7221 27 күн бұрын
In Europe they're trying to pass a law to make it illegal to repair a car older than 15 years
@mmmbbq
@mmmbbq 27 күн бұрын
Keep looking out for a private seller. It’ll take some time, but you’ll eventually find a deal. I just did after a few months.
@dereklatshaw3017
@dereklatshaw3017 27 күн бұрын
I literally bought a 20 year old Acura TL 6 speed as a backup daily driver for $4k in case I wear out my current daily driver in the meantime. I've bought new cars before and still own an E46 M3 too, but that's all I'm willing to spend in the car market until sanity returns.
@mojodojo5533
@mojodojo5533 26 күн бұрын
Seriously!?​@@nickprioletti7221
@chadmorris946
@chadmorris946 27 күн бұрын
I love it. The car market has collapsed like 37 times a day for the last year according to videos on youtube. Yet no one is going out of business and dealers aren't drastically marking down vehicles and manufacturers are still cranking out inventory.
@bassx101
@bassx101 20 күн бұрын
One thing is true repos are hitting record highs, repo recon lots are bricked wall to wall. Something’s gotta give, if not today one day someday soon.
@keithlambert6217
@keithlambert6217 28 күн бұрын
Every video this guys puts out says one manufacturer or dealers or another’s world is ending. They’re still there…
@SunnynPhilly
@SunnynPhilly 27 күн бұрын
Chryslers full line is a Minivan and an old car about to be discontinued. If they weren’t getting money from Stellantis HQ in Amsterdam they’d be toast by now.
@goneridingparts
@goneridingparts 27 күн бұрын
he does the same content over and over, but hey it's working for him.. heck yea.. more power to him.. great video. KZfaq is alot of work.
@handleyobusiness
@handleyobusiness 27 күн бұрын
Shock value
@josephhuman7390
@josephhuman7390 25 күн бұрын
Yes he does, also his buddies Zach and Ray do the exact same thing .. But we all click on so.
@cloudsmith7803
@cloudsmith7803 22 күн бұрын
There ain't going to collapse this year or even next year, we just import 5,000 illegals a day to fill in the gaps anyway possible. It's happening folks.
@donaldbiden9492
@donaldbiden9492 28 күн бұрын
Stopped at a local CarMax about a month ago for a test drive. They put me on a waiting list and had me sit in the lobby for about 20-30min before I got up and left. It's like they didn't even want to sell me a car.
@renardfranse
@renardfranse 28 күн бұрын
good for you
@stevep927
@stevep927 28 күн бұрын
Car salesman are losers
@grzegorzlecki3139
@grzegorzlecki3139 28 күн бұрын
post a review online, people post reviews for bad dealers. they manipulate reviews on google - fight back
@glebb215
@glebb215 28 күн бұрын
WOW
@billping2633
@billping2633 28 күн бұрын
That is a sales teckniques. They have you sitting there or walking around the lobby looking at the cars up front. It's the same reason it seems to take forever to negotiate a price and get through financing at a dealer. It's a way of wearing you mentally and physically down. So in the end you may agree to that higher payment. Oh it's only 15 dollars more a month for a rust treatment or some other aftermarket add on.
@anoni81b4u
@anoni81b4u 28 күн бұрын
They should sell all their used cars at higher than new car prices ... solid plan
@midcenturymodern9330
@midcenturymodern9330 23 күн бұрын
And sell them to people with sub-prime credit scores, just to be sure that everything will go great!
@dmrr7739
@dmrr7739 21 күн бұрын
They were famous for paying stupid amounts for used cars.
@bassx101
@bassx101 20 күн бұрын
Works for Tesla,,,, unfortunately.
@BrettBaker
@BrettBaker 24 күн бұрын
This is one of those guys who talk and talk without ever really saying anything.
@skateorbri
@skateorbri 21 күн бұрын
once you sell cars you are always selling your mouth as its permanent. try getting into an argument with someone like this. next phase lawyer.
@Pyrus335
@Pyrus335 20 күн бұрын
Found the car salesman
@puppetmaster7479
@puppetmaster7479 8 күн бұрын
LMFAO
@coolchange1970
@coolchange1970 24 күн бұрын
I worked at a CarMax for a year. My store mainly dealt with poor credit clientele. The cars were overpriced to begin with and many were financed @ 28.5% for 72 months. That should be criminal IMO. If nothing else it’s just stupid. Every car I sold under those conditions took a piece of my soul with it. I just couldn’t do it anymore so I quit. My manager tried to talk me into staying by explaining people need a car to get to work to feed their children and they likely could not get approved anywhere else. He said “at the end of the day, they are the ones signing the contract”. That didn’t help, I walked off the job that day, no two week notice. Only place worse than CarMax is JD Byrider 😆
@sammoore7875
@sammoore7875 15 күн бұрын
Good for you! Thank you for understanding what humanity is and being blessed by God not to sell your soul for so little! This system would not be functioning without willing participants who no longer have a conscience.
@bluev38
@bluev38 8 күн бұрын
Where should we go for good price and a reliable car in DFW/ Dallas area .
@sammoore7875
@sammoore7875 8 күн бұрын
@@bluev38 I'd say the best place is you. Start with the type of vehicle your looking for and KZfaq search reviews for that model. You'll probably get recommendations for other similar brands and models that are more reliable or affordable. Get the Kelly blue book value of that vehicle and start comparing prices around wherever your willing to go to get one. If you don't know a mechanic that can look over the vehicle when you take it for a test drive, try to set up a quick diagnostic test or lookover at a repair shop or garage. If this isn't ideal for you there are now people who will do the shopping and negotiation for you. They will do a consultation first and give you a ballpark idea of what you can expect and what their fee will be. Just do an online search for people who find or negotiate car deals for other people in the DFW area. Hope this helps God Bless you!
@glengarbera7367
@glengarbera7367 3 күн бұрын
You have a conscious. To bad others don't.
@RedEyeC
@RedEyeC 28 күн бұрын
Average price drop at Carmax in the last year was $600? I'll think about buying when it's $6000.
@ronclements2002
@ronclements2002 11 күн бұрын
No shit! When people get back to reality and everything isn’t made out of 24 carat gold
@kevinknotts6337
@kevinknotts6337 28 күн бұрын
They would rather die than give customers a deal. No other dealers.
@kevinknotts6337
@kevinknotts6337 28 күн бұрын
Meant to say Not sell to other dealers.
@kingofthesofas
@kingofthesofas 13 күн бұрын
that's fine we will wait for chapter 11 and then buy them when they get liquidated
@markt7291
@markt7291 27 күн бұрын
Classic failing restaurant behavior. Up the menu prices when nobody likes the food. Some folks just don’t get it. Ever.. This will end horribly. That’s when you buy. 😂😂😂
@catsspat
@catsspat 27 күн бұрын
I just bought a brand new 2024 Civic Sport Hatch MT6 for $26,800, including doc fee, but not including taxes/government fees. I see a local CarMax listing for basically the same thing, 2023 with 16k miles, for $29,200, including doc fee. That is $800 MORE than new car's MSRP+doc fee, even considering CarMax charges $300 less doc fee!!! On a new car, I was able to negotiate, but CarMax? (shrug) You've got to be missing a few screws somewhere to be buying the used one from CarMax for MORE MONEY than a brand new one!
@TimTheMusicMan
@TimTheMusicMan 10 күн бұрын
😂😂
@gtech66
@gtech66 28 күн бұрын
Carmax wants $28k for a 2024 Kia Seltos EX with 8k miles on it. I found one on Cargurus same year for $25,700 with 1000 miles on it. Carmax is just not competitive.
@AlphanumericCharacters
@AlphanumericCharacters 28 күн бұрын
That’s what I thought until I went to the dealer to buy the $3k cheaper car. They tried to charge $3k for a “reconditioning fee”.
@aone7640
@aone7640 28 күн бұрын
They want any rich dummy to go and buy with no questions ask and you better make sure you thank carmax for the privilege of being taken advantage. That’s what salesman think of anybody who walks through that door already sizing you up for the shakedown
@jorgetech2985
@jorgetech2985 28 күн бұрын
They do the no haggle approach, which means you get shafted with no lube and you'll be happy about it.
@ketoauntie7301
@ketoauntie7301 28 күн бұрын
@@AlphanumericCharactersYep, that’s what they do. You have to read their disclaimers before you go there or call inquiring about a vehicle you AREN’T interested in to go get the full list of what additional fees they will add on.
@thomasabbottjr
@thomasabbottjr 28 күн бұрын
I got my Hyundai Kona SEL brand new for 25k and got a great deal on my trade at my local Hyundai dealership. I LOVE the 2024 Kona!
@singlefathersurrogacy
@singlefathersurrogacy 28 күн бұрын
Whats taking so long to fall .....
@nn99nn99
@nn99nn99 28 күн бұрын
Prices go up quickly but they go down slowly. It's always this way. Dealer lots in my area are overflowing with stock.
@breadnaut3087
@breadnaut3087 28 күн бұрын
Greed.
@WilliamCusack-gy8cr
@WilliamCusack-gy8cr 28 күн бұрын
Biden
@user-mz4uo3ph6x
@user-mz4uo3ph6x 28 күн бұрын
Greed
@curly__3
@curly__3 28 күн бұрын
Socialism and 'election' year corruption.
@bryonwatkins1432
@bryonwatkins1432 27 күн бұрын
Frankly, just save and pay cash 💵 💵 💵 💵 like i did!!!! Saved for 19-months and paid $22,500 cash for mine!!!! Made sure to also have saved more to replace parts for her!!!!
@jasongrelli9134
@jasongrelli9134 15 күн бұрын
A good idea, provided that you don't have any other expenses like a mortgage
@MattPSU02
@MattPSU02 28 күн бұрын
I bought a Rav4 hybrid for under invoice this weekend. And the dealer offered me more for my trade than Carmax, which is unusual. I think the market is finally shifting.
@ketoauntie7301
@ketoauntie7301 28 күн бұрын
Which state & city are you in that they are doing this please?😊
@ppg19782
@ppg19782 28 күн бұрын
Under invoice??? Facts please numbers of invoice and MSRP....dealer fee???? Ty😎😎
@MattPSU02
@MattPSU02 28 күн бұрын
@@ketoauntie7301 Philly suburbs
@Johnny-yx2qx
@Johnny-yx2qx 27 күн бұрын
Yeah shifting into higher priced vehicles, them offering more your vehicle means they don’t have enough inventory and will take anything they can get, if they barely offer a decent price for your trade in it means they have too much inventory mate
@yeoldmetalhead6592
@yeoldmetalhead6592 28 күн бұрын
I remember back in like 2020 or something, after watching one of these “the car industry is crashing videos” I went to my local dealer and gave them a hard core lowball offer for a car I liked, the sales manager was an old boxer and said, “man, You coming in here and throwing uppercuts and not even starting out with small jabs or anything?!” No deal that day😆
@saulpulido9937
@saulpulido9937 28 күн бұрын
You stuned the the ol geezer by coming out with the left and right hooks at the same time 😅
@TrollingWithTheTruth
@TrollingWithTheTruth 28 күн бұрын
😂😂😂😂😂
@royphillips7644
@royphillips7644 27 күн бұрын
That’s the Mike Tyson style of car buying. Give them your phone number and leave and they’ll be calling soon.
@buggsy5
@buggsy5 27 күн бұрын
Well, if he didn't make a somewhat reasonable counter offer - then you did not waste all your time playing their games for nothing. Why spend several hours in a process that should take 15 minutes to get an OTD price agreement? Of course, reading and signing all the paperwork will add another 30 minutes or so to the time. What they do not appear to understand is that I do NOT need a replacement vehicle. So they have satisfy me to make a sale - not convince me to agree to the high profit that they want.
@DesignBuildFixReview
@DesignBuildFixReview 28 күн бұрын
Check the tires on cars at carmax they are deterioriating from not moving
@chasstiles7611
@chasstiles7611 27 күн бұрын
Definitely gonna have flat spots
@JamesOutlandJr
@JamesOutlandJr 25 күн бұрын
The EV side will be interesting as people don't want them for the limited range and time to energize up.
@lonewanderer3603
@lonewanderer3603 28 күн бұрын
My local Toyota is charging way more than 3 years ago, but dealer incentives are only $300-700. That's not a discount.
@sabastian4858
@sabastian4858 28 күн бұрын
Carmax KMX closed at 68.53 today. The stock price does not come close to reflecting the trouble that this company is in.
@GeneralChangOfDanang
@GeneralChangOfDanang 28 күн бұрын
It will when they go bankrupt.
@pauljones6321
@pauljones6321 27 күн бұрын
Which means selling the stock short is a bargain. Carpe diem!
@bpb5541
@bpb5541 27 күн бұрын
You have no idea how much I agree with you. If I was not all in... massively short already and had any dry powder left, I would short it or buy puts right here right now. The car market is going to drop like a rock. Folks that understand this are going to get a 65k for 30k or even less and of course this is a forward indicator on what is going to happen to the commercial and residential real estate market. There is going to massive opportunities for those who know how to take advantage of them... of course we always use stop loss orders to define our risk. Not every trade work in our favor. We don't need them to as long as we cut our losses quick and let or winner run. I think the car market is going to fall for years.... not months. I will let the charts tell me what to do.
@jamesbainbridge569
@jamesbainbridge569 25 күн бұрын
That's why their prices are so high 😂
@americanbadass88
@americanbadass88 11 күн бұрын
@@GeneralChangOfDanang It won't be the first time this company goes bankrupt. Lets not forget this store was a spin off from Circuit City.....
@davisdelo
@davisdelo 28 күн бұрын
Remember, carmax is circuit city. How’d they end up?
@RareGenXer
@RareGenXer 28 күн бұрын
Great analogy!🤭
@meself4955
@meself4955 26 күн бұрын
@@RareGenXer it's not an analogy. Carmax first started as Circuit City.
@moochiezpitt
@moochiezpitt 22 күн бұрын
Never happen. People love Carmax.
@sergiog4398
@sergiog4398 6 күн бұрын
I bought a 65 pony a couple of years ago for 3 grand. Invested 10k to restore it. People at that time were saying how expensive it was to do it snd that they would never. I explained I'd rather spend 15k for a classic cruiser than get into a 6 year car payment for a car everyone else has. Those car loans are the worst investment anyone can make, new or used.
@markmurrell1894
@markmurrell1894 28 күн бұрын
That toaster joke made me pause your video to stop laughing. I didn’t want to miss anything lol
@ELXABER
@ELXABER 28 күн бұрын
4:44 That 2024 BMW M2 with 1,000 miles for $71,998 sells new from the dealer for $64,195.
@RD-ce6bb
@RD-ce6bb 28 күн бұрын
Lol
@eseir64
@eseir64 28 күн бұрын
CarMax is trying to hose people. That car will sit there for a long long time. Fine by me.
@ELXABER
@ELXABER 28 күн бұрын
@@RD-ce6bb I'm wondering if there's something else going on, such as whether is Carmax buying at retail from dealerships? If so, there's a MUCH bigger problem and perhaps crime going on.
@akane742
@akane742 28 күн бұрын
Repo
@Blackhomeking12
@Blackhomeking12 28 күн бұрын
@@akane742 1k miles ain’t a repo, that’s about a month of driving
@miked3842
@miked3842 28 күн бұрын
There greed caught up with them. Maybe they will realize that people can't afford there high prices.😢 Most people don't make 100's of thousands a year. People have house payments and kids and food and whatever happens in a normal life.
@Nyx_88888
@Nyx_88888 28 күн бұрын
their
@saulpulido9937
@saulpulido9937 28 күн бұрын
Salesperson to customer, whadooya mean the cars too high prices, just feeding your kids twice a day and you will be able to afford the car payment by the 28th of the month 😅
@user-xm8rf6ik7b
@user-xm8rf6ik7b 27 күн бұрын
All car dealers jacked up the price. Time for them to take it in the rears like they expected us to . Don’t buy a new or used car from a dealers lot for next 5 years .
@6gatornation
@6gatornation 28 күн бұрын
I have a member of my extended family that is the COO of sonic automotive I have seen some of your videos so I asked him a few weeks ago how was their business compared to last year He said it's about the same You got me scratching my head
@xiondFirst
@xiondFirst 28 күн бұрын
It's almost like nobody wants to sell cars.
@fovarberma752
@fovarberma752 28 күн бұрын
I'm guessing it is like business rent prices in New York City. If they drop prices, their official (not actual) lot value will drop, and people they do business with, like banks, will panic.
@dnegel9546
@dnegel9546 28 күн бұрын
Simple they bought high and don’t want to sell low. At best they want to break out even. So they are gambling on just holding it.
@JustinSeara
@JustinSeara 28 күн бұрын
No, they don’t. If they can’t scam some sucker, they’d rather let it go to auction or Carmax instead of actually give a consumer a real discount.
@virgilpalmer2427
@virgilpalmer2427 28 күн бұрын
I am so glad i got my old 96 ford truck..
@EMichaelBall
@EMichaelBall 28 күн бұрын
4.9 straight six? Oh yeah
@Johnny-yx2qx
@Johnny-yx2qx 27 күн бұрын
You paid for a new car and more just in mpg difference
@ronthompson2366
@ronthompson2366 28 күн бұрын
Absolutely correct... just looked at a vehicle last night 2022..43 on the odometer.. 44k on the sticker... looked up build and price... brand new same "package ".. 1 k more.... 0 miles and BRAND SPANKING NEW.... CREDIT UNION INTEREST RATE @ 7 %... and depending on the number of months you want to finance..INSANE.
@mrk2ovtec
@mrk2ovtec 28 күн бұрын
I live right across the street from a carmax here in Dallas. They aren’t selling squat. I literally see the same cars in the same spots for months.
@craigpierce7996
@craigpierce7996 28 күн бұрын
The car market hasn't crashed yet, it just getting started. It's going to be a bloodbath... They have nearly 2 years of overpriced inventory. I'm thinking that dealers may end up eating a 50% discount on their inventories, maybe even more.
@arvelwilliams745
@arvelwilliams745 28 күн бұрын
Oops, you used bloodbath, correctly
@ShotgunWizard
@ShotgunWizard 28 күн бұрын
Those prices are ridiculous… the market will crash and they can only blame themselves, they created that situation
@diegoharo7943
@diegoharo7943 28 күн бұрын
⁠@@ShotgunWizard more than likely it will not crash, prices might return to pre pandi but that’s not a crash that’s just the market readjusting. A collapse would be prices being more than 20% less than what they were in 2019. Prices for most vehicles are still above 2019 prices….especially trucks and SUVs which are still about 10k - 30k above what they were in 2019 even with the recent “discounts” and incentives
@gsctht123
@gsctht123 28 күн бұрын
😂😂😂😂
@diegoharo7943
@diegoharo7943 28 күн бұрын
@@ShotgunWizarddon’t be fooled when they say prices have reduced by record amounts because prices increased by higher record prices. If prices aren’t lower than 2019 then it’s NOT really a discount and much less a collapse
@johnhinant970
@johnhinant970 28 күн бұрын
The auto industry needs overhauled.
@f1champ551
@f1champ551 28 күн бұрын
For me, the 25 year Import rule and the Chicken Tax for light trucks or so, HAS TO GO, NOWWWW.
@airbourne2
@airbourne2 28 күн бұрын
The weird thing is, that's what Carmax, Carvana, ... were supposed to do.
@Bill_v1
@Bill_v1 28 күн бұрын
@@airbourne2 It's going to take Chinese vehicles. Hard to compete with slave labor.
@SunofYork
@SunofYork 28 күн бұрын
@@Bill_v1 That is right wing propaganda
@harryireland1935
@harryireland1935 28 күн бұрын
@@SunofYork JFC, imagine still viewing EVERYTHING through the false left-right paradigm. What will it take for you to see that this divide is entirely manufactured to keep the status quo in power? Oh my goodness.
@soumenchakraborty2450
@soumenchakraborty2450 28 күн бұрын
Wow you actually explained to ppl who doesn’t get sarcasm, that’s nice
@drewvogel1815
@drewvogel1815 9 күн бұрын
Thanks for your time! Love the "toaster" comment in the middle of the video. lol
@northmaineguy5896
@northmaineguy5896 28 күн бұрын
The car market is dead because just about nobody can afford a new car. They have been painted into a corner they can't get out of.
@ShotgunWizard
@ShotgunWizard 28 күн бұрын
They painted it themselves
@jorgetech2985
@jorgetech2985 28 күн бұрын
Exactly, if it was just cars blowing up in price I bet people would still buy. However, food, housing, gas, insurance is outrageous. We're all broke now, just trying to survive.
@diegoharo7943
@diegoharo7943 28 күн бұрын
Cars are still surprisingly selling despite high interest rates, I think people are fooled by current “discounts” and incentives or people just feel a need to have the latest model on the market
@JoshJones-37334
@JoshJones-37334 28 күн бұрын
@@jorgetech2985get a real job
@bluewffl8472
@bluewffl8472 28 күн бұрын
​@@JoshJones-37334stop thinking yUr''e elitist....dum**uck
@daveyjones777
@daveyjones777 28 күн бұрын
I love Carmax for window shopping. Can get in a lot of different cars to get an idea what you like. But their prices? Insane!
@BrockwRock
@BrockwRock 26 күн бұрын
I subscribed because of your blooper reel at the end. But great content and info. Thanks.
@carquestionsanswered
@carquestionsanswered 25 күн бұрын
Awesome, thank you!
@oneanddone7992
@oneanddone7992 28 күн бұрын
8:55 Having that GT350, on a carmax lot, is a crazy sight.
@yelapa999
@yelapa999 28 күн бұрын
Even though I have no love for car dealers or Carmax, this price inversion really is scary. The longer these companies delay their haircuts, the shorter it's gonna be.
@chillbro8811
@chillbro8811 28 күн бұрын
😂15k off a 80k msrp😂 how about 50% off ? Now we talking. If people would stop buying and overpaying and be patient, 50 % off could happen
@JerryNordstrom
@JerryNordstrom 27 күн бұрын
Sky high inflation, new car loan rates starting at 7% for prime and go to 14% for sub prime, used car loans start at 10% for prime and quickly move to 22% for sub prime (poor credit). Like most car companies, finance is where Carmax makes their money - not so much on the margins of car sales. Very few people who own a car that's working, why would you buy now? Its the most expensive time to purchase in nearly 20 years.
@eseir64
@eseir64 28 күн бұрын
Watching some car reviews of the new this and the new that . We are talking $60K ++++ for a new ToyoRunner. or close to $50K for a Honda Pilot. Insane. Easily a $800 monthly payment for most for what you used to be half that. Who is buying these things? This is why I always buy a 2 to 3 year vehicle where the first owner took the 30 to 40% hit.
@bonilla1240
@bonilla1240 28 күн бұрын
The reason they're able to do this is because even regular dealerships haven't been selling at MSRP. Delearships have been adding on thousands!
@Thisisjustname
@Thisisjustname 24 күн бұрын
Exactly, the local toyota dealers tried to rip me off with a used rav 4. They had vehicles with basic trim levels going for $5 to $10 more than carmax. And those same dealers offered $8k less fory corolla than car max.
@gemeinschaftsgeful
@gemeinschaftsgeful 28 күн бұрын
The last new car I purchased cost $10,000. The prices of those used cars are pathetically high.
@diegoharo7943
@diegoharo7943 28 күн бұрын
What car did you buy and when?
@MattPSU02
@MattPSU02 28 күн бұрын
Oh come on, when was this? The 80s? Even econobox cars like a Toyota Echo cost over $10k in the 90s.
@kuebby
@kuebby 28 күн бұрын
I hope you like your 1998 Mitsubishi Mirage.
@Thisisjustname
@Thisisjustname 24 күн бұрын
This has to be a lie. My first car was a used accord in 2008 that was still $13k
@kuebby
@kuebby 24 күн бұрын
​@@Thisisjustname It's either a lie, 40 years old, or he bought the absolute bottom of the barrel 15-20 years ago.
@B_Y22
@B_Y22 28 күн бұрын
The rx350 you have is known to have problems that were straightened out with the refresh of that generation and that's why a 2013 to 2015 holds it's value so well. The 2007-2009 are the best buy for the price as long as the oil cooler lines are replaced.
@johnjay6370
@johnjay6370 28 күн бұрын
this makes no sense.. who can afford a 40k used car? I am lost for words!
@bryantwalley
@bryantwalley 28 күн бұрын
If I can't see a reasonable price on the sticker there is not a further conversation.
@stryker120ski4
@stryker120ski4 28 күн бұрын
carmax is stuck in 2021 and 2022 with the prices.
@gerardellis1127
@gerardellis1127 23 күн бұрын
Another great show! 👏👏👏👏
@Lakersfansince95
@Lakersfansince95 6 күн бұрын
Im surprised that the carmax model has survived for as long as it has they have ALWAYS been over priced. They sell used cars for the same price, sometimes more, than brand new ones. Absolutely crazy.
@billbray5995
@billbray5995 28 күн бұрын
I'm finding the same price on new 3/4 ton trucks today as I did last year. Where are the desparate dealers with all the floor plans they cant pay for. Not seeing these desparate dealer pricing in Texas.
@GeneralChangOfDanang
@GeneralChangOfDanang 28 күн бұрын
Still plenty of idiots buying at these insane prices because "truck." I work with a few of them.
@pmscalisi
@pmscalisi 27 күн бұрын
Texas is a rich person’s state like CA and FL, so I would think the market would be different.
@JA-zh5xi
@JA-zh5xi 28 күн бұрын
Carmax has to dramatically lower their prices. If you’re going to be no haggle they have to be on the lower end of the price range.
@bradfordmcgomery9058
@bradfordmcgomery9058 21 күн бұрын
Great content, Brandon
@reelshawnbradly3069
@reelshawnbradly3069 26 күн бұрын
stopped by my local Ford dealership... they had FOUR repossessed 2023 3/4 diesel trucks... 2 chevys and 2 rams and all four had less than 20k miles on them...
@Csmolka2121
@Csmolka2121 28 күн бұрын
Your ability to regurgitate the same content in every video amazes me
@Bill_v1
@Bill_v1 28 күн бұрын
Yea, I'm watching every third video now. I respect his foresight, but it's getting pretty repetitive.
@jorgetech2985
@jorgetech2985 28 күн бұрын
More videos = more money he sees the writing on the wall and his car business is going to suffer. He has employees I hope he can take care of them during the bad times from his youtube revenue
@Bill_v1
@Bill_v1 28 күн бұрын
@@jorgetech2985 I'm sure he is motivated to make money on these videos, but I don't question his integrity. Seems like he's playing it smart.
@Bill_v1
@Bill_v1 28 күн бұрын
@@jorgetech2985 Hmm. KZfaq instantly deletes my replies. Interesting.
@Trek2539
@Trek2539 28 күн бұрын
It's like the stimulus check updates of 2020
@DanielGarcia-zz9eg
@DanielGarcia-zz9eg 28 күн бұрын
I purchased my ram new in 2009 and still driving it today 15yrs old, 220,000 miles and still going strong 💪 You can see, I'm holding on,not trading every 3 to 5 yrs just because the miles are getting high
@PortWaterDogs4Eva
@PortWaterDogs4Eva 28 күн бұрын
You are Sooo lucky!! As a dodge owner my 2015 vehicle has done nothing but cost me money. It’s literally in the shop right now. You have one of the good years. Anything under 2011 is good, as my Dodge Mechanic told me, he has an 08 & 09. Easy to fix and repair hold on to it !
@christaylor8337
@christaylor8337 28 күн бұрын
2014 ford transit with 263000. Diamond hsnds.
@fivestarlimos
@fivestarlimos 28 күн бұрын
Love my Lincoln towncar now 500k and keeping it until 1 mil😂😂
@dwighterickson6121
@dwighterickson6121 28 күн бұрын
I have a 2011 Ranger 4x4 I bought new. Probably one of the last QUALITY small Ford truck. Just clicked 101K, runs like a top, maintenance always done AHEAD of schedule. Yeah, I'm keeping it
@5thLegion
@5thLegion 28 күн бұрын
I’ve got 195K on my 09 Ram. It’s more dependable than anything built after 2019. I’ll keep what I’ve got
@Fun.Guy.Forager
@Fun.Guy.Forager 13 күн бұрын
Totaled my full sized truck hitting a family of deer. 10 years ago I found out I couldn't afford a new truck payment not even a used truck payment. So I had to go with a small mini truck, not Ideal for the hauling I need it for. Luckily my Dad could still afford the prices and gave me a stellar deal on his full sized truck. I traded that small truck for an economy car been rocking that on my commutes to save money. I'd hate to see what trucks cost nowadays.
@davidfmcdonough
@davidfmcdonough 28 күн бұрын
The prices aren't falling at the dealers very much yet because they know they will be making deeper and deeper cuts and it will snowball out of control. The dealers both new and used will soon be dumping their stock. They just don't want to tip off the fee remaining buyers that they are buying before a crash.
@khiaraslaw
@khiaraslaw 28 күн бұрын
Here in Kansas city I just saw a small used dealership taken in about 8 brand new Lincoln SUVs
@davidfmcdonough
@davidfmcdonough 28 күн бұрын
That speaks volumes about the state of the market! The new trucks aren't selling, the dealers are dumping them!!!!
@khiaraslaw
@khiaraslaw 25 күн бұрын
Dang another load today
@XMG3
@XMG3 28 күн бұрын
this has been happening in canada since the chip shortage, it's still happening now, used cars are more than new, even when there's new in stock
@QualityCraftsmen
@QualityCraftsmen 25 күн бұрын
Went to CarMax once. They tried to sell me a car for way to much. I had kept an eye on it it had been on the floor for months. Told um if they sold it to me for KBB fair price Id sign. They told me that someone would by it at their price. It sat on their lot for another year. Manual car Green, girlfriend wanted it. Never went back, ever.
@kamikazekunze
@kamikazekunze 27 күн бұрын
I’m not seeing anything like this in western Colorado. You can’t hardly find a scat pack around here and definitely not for anything like you’ve shown over the past month. 😊
@robertrio632
@robertrio632 28 күн бұрын
Local Carmax just got in a 2024 M2 that they are selling for $69,997 with 4,000 miles, for that money I want a car nobody has driven.
@robertrio632
@robertrio632 28 күн бұрын
I figure they bought it from the BMW dealership in Saint Petersburg that has been unable to sell a couple of 2023 M240i for a year and a half cause they are asking $53k for them and they have been sitting on the lot for a long long time. If they had been reasonable I would have taken a look at them.
@Nyx_88888
@Nyx_88888 28 күн бұрын
get bmw to order one for you
@Ronald-dc6me
@Ronald-dc6me 28 күн бұрын
Last time I drove past Carmax lot it was offerflowing but yesterday drove by my carmax un Tyler Texas,was almost empty (humm)
@audhauwidh
@audhauwidh 28 күн бұрын
Check the parking lots by the airports and ports. You can see cars across the horizon. They would rather ship these to Africa and sell them for freight cost than sell them in the US and rob themselves of a high dollar rip off. They'll even scrap these brand new vehicles before discounting them. Watch the 2023 model years go missing.
@MattPSU02
@MattPSU02 28 күн бұрын
They have dealer only auctions, so yeah, they can disappear quickly after auction days.
@Blackhomeking12
@Blackhomeking12 28 күн бұрын
They dumped them all at auction 😂
@Cptboss
@Cptboss 27 күн бұрын
It depends on the day of the week
@rocheman3771
@rocheman3771 19 күн бұрын
I work at a carmax as a truck driver and I used to do FQC (washing cars and stickering them, putting them out front) and if I remember correctly the lack of a price is because they haven’t decided what to put the price at yet or there may be an issue with the title. I’ve printed off a few of those no price stickers for several vehicles, even as cheap as little hondas or chevys
@matthewm3912
@matthewm3912 26 күн бұрын
All of our local new car lots here in Cookeville, TN which are smaller dealers are OVERFLOWING with inventory.
@Michaelb6151
@Michaelb6151 28 күн бұрын
If they go under, where do all their cars go? Auction?
@timewa851
@timewa851 28 күн бұрын
sold to dealers who manage to stay afloat.
@dwighterickson6121
@dwighterickson6121 28 күн бұрын
Boat anchors maybe
@ChaoticDave69
@ChaoticDave69 28 күн бұрын
They are not going under
@MattPSU02
@MattPSU02 28 күн бұрын
They literally own and run dealer-only auctions, so yeah.
@user-tf1gj8bv1f
@user-tf1gj8bv1f 27 күн бұрын
It's a liberal policy car market. How are you liking those gas and food prices?
@davidowens5863
@davidowens5863 23 күн бұрын
I was actually looking at that M2 and was wondering what the deal was. Thanks for the heads up.
@jamesbowman1767
@jamesbowman1767 10 күн бұрын
I've been doing a lot of calculating, and i never thought i would say this, but mathematically it makes much more sense on an annual cost of ownership to buy brand new. Especially if you plan on keeping it for a very long time.
@De-Centralized
@De-Centralized 28 күн бұрын
Yeah, I'll keep driving my '19 Rav4 Adventure with 31k miles for another 10 years...
@lostvlog6857
@lostvlog6857 23 күн бұрын
Who would by a car from these rip-off over priced swindlers? The worst!
@kaymish6178
@kaymish6178 28 күн бұрын
I was listening to Danielle di martino booth. She said Americans are settling their cars on fire to get out of the payments.
@ChristianLady2002
@ChristianLady2002 21 күн бұрын
I love the bloopers!!
@douglaskerr6813
@douglaskerr6813 28 күн бұрын
Maybe CarMax see the writing on the wall folks aren't buy EV's when they find out the batteries aren't under warranty anymore and insurance companies are up charging the policy holders because the possibilities of them catching on fire in the garage while charging them up.
@Jlbernabe831
@Jlbernabe831 28 күн бұрын
Im keeping my 18 is350. Till it dies. Currently 110k on it and still running strong AF.
@guysmiley515
@guysmiley515 25 күн бұрын
Thanks Brandon 👍 can I get one of those toasters with the purchase of a car? That Ford raptor is a gorgeous machine
@josevillasenor3786
@josevillasenor3786 8 күн бұрын
2003 Toyota Avalon runs great . 20 yrs old car just drove 4000 mile trip no issues ❤❤❤❤
@19Silver67
@19Silver67 28 күн бұрын
Why do you think the cfo and ceo dumped a lot of there stock a year and half ago. They new this was coming.
@visioneerone
@visioneerone 28 күн бұрын
3:24 2 months ago, a buddy of mine bought a 2012 Raptor SVT from a private seller. Yes SVT. 6.2L of fury. Besides some scratches on the drivers door it is immaculate. it has *41,000* miles on it. he paid *$22,000*, cash. … there is hope.
@cre5524
@cre5524 28 күн бұрын
The toaster comment was Hysterical Dude😆😂🤣
@blueyzsf
@blueyzsf 28 күн бұрын
4.44 Blue BMW, with 1k miles and sticker price of 72k miles? Word ARE hard!! Love it!! 😆😆😆😆
@user-xr1zg6xt8n
@user-xr1zg6xt8n 28 күн бұрын
if i had a 73,000 vehicle, id have to live in it lol
@scottcurtin2598
@scottcurtin2598 28 күн бұрын
I bought a 2018 civic in Jan 2019 for 22k. It’s got a manual transmission. I’ll drive it til the wheels fall off. Anyone who buys a car now is either desperate or clueless. I doubt we will ever get back to pre covid/Biden prices.
@MattPSU02
@MattPSU02 28 күн бұрын
Now is a good time to buy a new car and trade in. Invoice pricing is returning, and lots of interest rate deals, but still decent trade in values.
@cadrollhunting3564
@cadrollhunting3564 26 күн бұрын
@@MattPSU02 If you have to finance a car on more than 3% interest it is nothing you should ever be doing, why would anyone need a brand new vehicle in the first place? If you have to finace it, that means you cant afford it and are not in a place where you should consider a new vehicle.
@Kate-hb7ih
@Kate-hb7ih 20 күн бұрын
We finally made it to a point that we were house hunting and trying to decide our first brand new nice car that we wanted… no longer looking for a house and bought a cute little used car from a friend. No payments. Still heartbreaking losing all those dreams that were about to be realized. But I’ll take my used, paid off car over astronomical car payments.
@capps2015
@capps2015 23 күн бұрын
Walked through a carmax once. The lobby was full and folks were buying. Only deal worth the money was a fleet ford taurus.
@halslusher6030
@halslusher6030 28 күн бұрын
We are broke and have no credit.
@653j521
@653j521 28 күн бұрын
Save your money and build your credit, like every generation before you.
@halslusher6030
@halslusher6030 28 күн бұрын
@@653j521 I am 72 with 733 they dropped me from 767 because I paid off my car. I am every generation before. I get 49 k a year retirement
@brianfirth9087
@brianfirth9087 27 күн бұрын
Lot rot
@peterdean5300
@peterdean5300 23 күн бұрын
Thanks, great video
@hookahman22
@hookahman22 28 күн бұрын
I saw a Carvana truck with a I'm pretty sure was a repo Charger. It had the signs.....
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