CARMAX Lots Are OVERFLOWING! They're In SERIOUS TROUBLE!

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3 ай бұрын

CARMAX Lots Are OVERFLOWING! They're In SERIOUS TROUBLE!
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!
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: 869

@carquestionsanswered 3 ай бұрын

Please LIKE this video and SUBSCRIBE if you haven't. It really helps me out!

@vtking310 3 ай бұрын

They really are like a buy here pay here rip off😂 12k focus with 98 k miles wow! That car is about used up 😂

@johnhutton4788 3 ай бұрын

I love the support you guys have with other KZfaqrs..like lucky Lopez and Ray & Zach. Feels like a team has developed to help guys like myself that still are sidelined until we pull the trigger on a good enough car deal.

@bernadettemartinez1901 3 ай бұрын

Thank You So Much, for all your information and advice! Your YT collaborations, are awesome, too. In mid January '24, I found and bought a 2017 Toyota Camry LE, one owner, low mileage 69k, great condition. It was 17,500 OTD, in Denver, Co. It, was from a mom & pop family dealership. The car looks brand new. I could not wait too long, to get the car cheaper, bc I was without a car. May God Bless You 😊

@bigredmanny1 3 ай бұрын

I’m actually have to go to CarMax in this next days. You want me to film the prices of their vehicles up here in Maryland?

@roaddog7542 3 ай бұрын

$12,000 for a 10 year old econobox with 100,000 miles is CRAYZEEEEE.

@Michael-sb8jf 3 ай бұрын

I paid 15k for a similar car back in the day. The difference it had 8k miles on it

@m.b.3916 3 ай бұрын

I paid 13k for a brand new Toyota Yaris iA in 2017 with 5 miles on it. The prices today are ridiculous. Im driving this Toyota til the wheels fall off

@cafenightster4548 3 ай бұрын

My c5 corvette was $18k with 58k miles on it. I got it right when the pandemic panic happened

@chucke756 3 ай бұрын

That Focus is a $3k car. I wouldn’t buy a go cart from Carmax. Those clowns even do their own bodywork. Bondo city. 😂😂

@raiden031 3 ай бұрын

In 2014 I paid around $10k for a 2004 Toyota Camry with 80k miles. I still drive it daily.

@RonKnowsStuff 3 ай бұрын

In my opinion- they are like Rooms To Go furniture stores. Their product is not furniture, it is financing! That’s where the money is.

@bigjorge863 3 ай бұрын

Rtg is the shit 55 months no interest.

@tj86xj 3 ай бұрын

You are absolutely right

@markfcoble 3 ай бұрын

Correct. One reason they are horrid.

@debl9957 3 ай бұрын

Rooms To Go has nice furniture at affordable, reasonable prices (and they deliver on time - ordered a houseful of furniture from them). Big difference compared to Carmax.

@ScanFan_Ed 3 ай бұрын

You are spot on.

@nathanielcarreon5634 3 ай бұрын

They ran out of fools to buy their overpriced cars/trucks.

@vince131s 3 ай бұрын

Everyone got laid off. Economy is the best it’s ever been though🙄

@grantechsweng5268 3 ай бұрын

@@vince131s nope too many spending money they do not have 2% unemployment rate. 50% usa 7th grade reading level hard to get a real high pay job with low skills

@yvnerservius1913 3 ай бұрын

Not enough fools can get them

@bernadettemartinez1901 3 ай бұрын

@@yvnerservius1913, ha...ha...they tried, but the smart lenders stopped them. Their broke parents upstairs, could not qualify, either. Ha...ha...😅

@JasbirSingh-zj1fg 3 ай бұрын

They have not run out of fools yet. Many will soon be getting their tax overpayments back and the first thing they'll do is run to Carmax to buy an suv!

@jimowens381 3 ай бұрын

That company has been delusional throughout this whole time. Let 'em fold!

@polycarphunter2257 3 ай бұрын

i went to carmax about five years ago and was blown away that the prices were non-negotiable. the old "my way or the highway". i took the highway.

@subaruamazon 3 ай бұрын

i wouldnt set foot on one of those rip off lots.

@lalutte65 3 ай бұрын

As did I on two occasions and both times I went with the intent to purchase on that visit but with their take it or leave it attitude on price, finance term (almost twice the bank quote) and warranty prices, frankly was insulting

@taylerellis378 3 ай бұрын

I go to carmax all the time. I have them line up all their sports cars and I take them all for a nice joy ride. Figure out what I like best Hassel free and then go purchase the car private party. Or sometimes I just do it for fun with no intention to buy anything ;)

@polycarphunter2257 3 ай бұрын

good place to practice speed shifts.@@taylerellis378

@subaruamazon 3 ай бұрын

@@lalutte65 i sold cars in college. bought my daily camry in 18 CL after being manhandled by NCD's and ucd's. bought a toy in 2022 old pony car thru fb. UCD's had junk. fb allows u to dm. there are still scammers but you can get clues about the buyers. I like FB for a used car.

@bitemenow609 3 ай бұрын

They could drop their price 20% and they still would be unreasonable.

@anotheruser5654 3 ай бұрын

Don't worry is fast approaching a 20% drop.

@DB57RB 3 ай бұрын

$38K for a 2020 SR5 4runner 🤣🤣🤣🤣 thats the base model, these dealers are complete jokes.

@jasonsun2251 3 ай бұрын

especially toyota dealers

@ethibodeaux7 3 ай бұрын

You can get a new 2024 for 42K…this used market is sad

@unfairsanic5089 3 ай бұрын

@@ethibodeaux7youre forgetting add ons and marketups so that 42k does not exist

@ethibodeaux7 3 ай бұрын

@@unfairsanic5089 it does when you keep looking lol, had a dealership try to add a 10K markup and went to another do the same car and got it for MSRP and a discount lol You people just allow dealerships to bully you out and instead of bouncing around or waiting you pull the trigger there, well at least in Houston, Texas it’s not a big issue

@ChristopherSmith-rn4wd 3 ай бұрын

Just bought a 2023 4runner sr5 premium 20k miles from Avis car sales in FL in december of 2023 for 34k

@DeyTurkErJErbs 3 ай бұрын

I want a car no price higher than 20k max. These car manufacturers are idiots.

@lonewanderer3603 3 ай бұрын

Good luck with that.

@bradhaines3142 3 ай бұрын

look up the chevy trax, newest model starts at 20k. not that you should buy it, but it does exist. i understand wanting cheaper, but there are limits to how cheap they should make things. i wouldnt buy any car under 25k, and id look real hard into anything around 30k. 'things arent made like they used to be' gets WAYY worse when you go cheaper

@dangrimes5078 3 ай бұрын

you don't even need to spend 20k. I just bought a pristine 2016 Avalon with under 100k for $12,500 on Craigslist and there are many more.

@Guar_dian 3 ай бұрын

@@lonewanderer3603theres no luck if everyone in the consumer market fks them over so i dont know why you responded like that.

@Ronick-Q-46 3 ай бұрын

@@lonewanderer3603 I found one cheaper than that, it's on my drive. 😜

@mvc2177 3 ай бұрын

The used car market and private sellers are just as insane. People want 8-10k for cars with 200k+ miles 😂

@FireBladeRR-RSP 3 ай бұрын

GREED is what killed them

@BT-be8rh 3 ай бұрын

Guy at work went to CARMAX this past weekend and was told while he was on the lot that he needed to make an appointment to see the truck he was wanting to look at!! He told the guy he could kid his a** and he didn’t need an appointment to do it!!

@ccarts2567 3 ай бұрын

I am not paying $20,000 for anything with 50,000 miles, let alone the ludicrous 100,000 plus club for that silliness. They can rot.

@evoman44 3 ай бұрын

Some used cars like a Lexus would probably cost that. But it will mostly likely out live most cheap new cars like Hyundais or GM products.

@gtbigdog3507 3 ай бұрын

I’m with you. I paid $27k for my wife’s car and it had 17k miles

@servenbolt6800 3 ай бұрын

A 2019 Toyota Tundra SR5 asking price is 30k with 105k miles, in Atlanta. SR5 CrawMax, nothing special. This is crazy.

@evoman44 3 ай бұрын

Something like a good Lexus model with 50,000 miles will still out last sever other brand new cars for the same price. They can easily get 300k with good maintenance.

@BboyDaquack 2 ай бұрын

Meanwhile I just paid 22k for 55k miled 19' Honda fit si. And this was the most reasonably priced si in my area. I actually tried CarMax for a 15' Honda fit with 48k miles for 17k. Ended up returning it due to too many issues. Surprisingly, they have a very easy return policy and refunded me my non-refundable transfer fees to get it shipped to my area.

@UntamedMotors 3 ай бұрын

Thanks for having me on the channel, Brandon! CARMAX needs to make some serious business model changes if they intend to remain successful through 2024 into 25.

@breadnaut3087 3 ай бұрын

CarMax is the Target of the car market. Overpriced but carry the same thing as everyone else around them.

@anotheruser5654 3 ай бұрын

I just shake my head as I watch my neighbors flexing on each other buying bigger SUVs, trucks, new additions on their homes, swimming pools. People have gone absolutely insane and they are going to be really desperate when they lose their jobs. Sad to see so much reckless spending just to flex on your neighbors.

@bridgetortiz7520 Ай бұрын

Lol same! Mercedes, Porsche,and Infinity. All purchased within a year! I just cant😂😂😂

@RonKnowsStuff 3 ай бұрын

The Toyota dealer here has his overflow lot PACKED. Looks more full than pre-Covid.

@subaruamazon 3 ай бұрын

what state? camry here. I am surprised usually toyota dealerships post covid have a very slim inventory. are you trying to buy a new car

@RonKnowsStuff 3 ай бұрын

@@subaruamazon florida

@deanrotering879 3 ай бұрын

Toyota lots here have lots of room

@subaruamazon 3 ай бұрын

@@RonKnowsStuff ron, they are bastards down there. are you looking? id say GA or alabama or Ms. florida lv la very tough markets to buy.

@RonKnowsStuff 3 ай бұрын

@@subaruamazon Brandon wants me to get a Toyota but you are right, scumbags are down here. We will travel as far as Tennessee when we are ready. We are very blessed to have a home in GA too so traveling to get a good deal is no problem. Getting off my wallet - that’s another story

@definit1on119 3 ай бұрын

I have a 750 credit score. I can’t get a loan under 12 percent apr. I’ll pass

@loumason6120 3 ай бұрын

I have an 826 credit score and 50k cash to buy something.. l'll pass too

@anotheruser5654 3 ай бұрын

These rates are criminal. Prices will come down because most people cannot afford 12+% interest on a used vehicle for 65k.

@philipchang4453 3 ай бұрын

That's crazy

@sad754yt 2 ай бұрын

@loumason6120 849 score and 100k and I am not going to buy or trade for anything. I have 23 Tacoma,22 Silverado 2500 and 2020 Mustang. These vehicles will be maintained and kept for a long time.

@donrudyc 3 ай бұрын

$38k for a 4 yo old 4runner is insane! I will continue to fix my cars until they turn too dust.

@laser31415 3 ай бұрын

Dealers haven't felt enough pain yet.

@thors136 3 ай бұрын

Let them feel more lol

@JackMehoff-iq5he 3 ай бұрын

My local carmax dealerships are loaded with inventory! Sales area is empty with no customers! Went by all 3 of them and they still say they cannot negotiate which is their regular policy but it’s crazy! They could make a sale if they asked reasonable prices.

@justsayin3600 3 ай бұрын

I bought a 2022 CRV-EXL 3 months ago for the wife at a Toyota used lot. Right next door is a new Toyota dealership. It is FULL of trucks. I made a comment about how many vehicles are on the lot. I was told that "all of those are sold, the owners just haven't picked them up yet." Of course I thought, yeah, right.

@JackMehoff-iq5he 3 ай бұрын

@@justsayin3600 yeah…. They lied. New Tundras have discounts on them all over the area I’m in. I wouldn’t buy a 22 or 23 either though to be fair, they have too many problems.

@rogerwalker2224 3 ай бұрын

I gave proof to a salesman that the used car I wanted was being sold for a higher price than the equivalent new model. He said, "No, that's wrong.". So I left and went elsewhere where you can HAGGLE!

@anotherguyonthepc5 3 ай бұрын

The prices of cars have forced me over the years to effectively become a mechanic by necessity. I do all my own work on my 20 year old honda, if i dont know how to fix it, i look up how to do so. Barring lifting the engine out, i can do everything simply because i cannot afford a mechanic let alone getting into auto debt.

@taylerellis378 3 ай бұрын

Pull the engine if you have to. Get a engine lift from harbor freight super cheap. Nothing on cars is really all that hard to fix with help from experienced retired youtube mechanics and the right tools.

@rogerwalker2224 3 ай бұрын

Same. And the high price of car repair and my mistrust of others....I especially do not care for paying for business's overhead

@MrIMCP 3 ай бұрын

I’m the same way. I’m learned a lot and now I’ve got many tools that I can use on future vehicles.

@strykerland 3 ай бұрын

@@taylerellis378 most honda passenger cars the industry standard is to drop the subframe. there is no need for engine hoist. two floor jacks a couple 2x4blocks and a jackstand will get most. You CAN pull from top but why do that to yourself. its 6 more bolts to pull from below. (the way it was installed) its not difficult.

@laser31415 3 ай бұрын

Dang near any business model can work when things are going great, it's when things aren't going great is when you find out who had really bad business models. Time will always tell.

@garymcconnell4379 3 ай бұрын

Our local dealer auction lot is packed like sardines...These dealers are all upside down on their inventory. No interest rate relief in sight...by May there will be blood in the water

@jorgealvarado7946 3 ай бұрын

Well said

@subaruamazon 3 ай бұрын

@@garymcconnell4379 what will may look like for new and used car dealers?

@scottm3130 3 ай бұрын

Apparently Carmax does not realize that when a new car leaves the lot it depreciates 30%. Hope they go out of business. Nothing but crooks.

@taylerellis378 3 ай бұрын

Carmax won't go anywhere. They own all the car auctions. That's how they get only the very best used cars for themselves and leave everyone else with the junk.

@philipchang4453 3 ай бұрын

Say it again

@Talley_Dragon 3 ай бұрын

CarMax used to be Circuit City. If you're a 90s kid you know.

@marcodarko6941 3 ай бұрын

Where service is state of the art.

@XanVicious 3 ай бұрын

I remember buying one of my most favorite video games ever at Circuit City as a kid. Back in ‘06, 6 years old and had Spy Hunter 😎😎 great game.

@dvaritek434 3 ай бұрын

Real ones know compusa.

@doebuck9708 3 ай бұрын

Outta business........😅

@twoc400s5 3 ай бұрын

My local CarMax has 758 cars in inventory. Cheapest car was 2014 Scion iQ for $10.6k!!! TEN GRAND for a 10 year old econo-box?!? CarMax has lost their mind.

@johneisenberg5065 3 ай бұрын

FYI- According to the IRS the Average refund amount: $1,395 in 2024, down 28.9% from $1,963 in 2023

@artfquinn 3 ай бұрын

But it is enough to make a down payment for a 12K or 15K used car.

@subaruamazon 3 ай бұрын

i am not feeling refunds will have the impact they would have in the past.

@johneisenberg5065 3 ай бұрын

@@artfquinn That assumes they have the credit to obtain a loan, which is getting much harder to qualify for.

@johneisenberg5065 3 ай бұрын

@@subaruamazon Agreed, and with the banks tightening credit health standards and rising interest rates it's going to be even harder. I gave up my car in 2019 and never look back. After 30 years on the road in sales for the printing company I owned, I'm very happy to use UBER or Lyft when necessary.

@subaruamazon 3 ай бұрын

@@johneisenberg5065 how do u go to the grocery store? how do u go to the atm machine?

@dwv1000 3 ай бұрын

There's a COPART wholesale auction house beside 95 North in Rhode Island. Both the front lot and the back lot absolutely packed full. Like 10,000 cars on site. Amazing to see!

@rsxboss302 3 ай бұрын

I’m in RI , what exit off 95? That’s crazy

@GatesRapes 3 ай бұрын

IAAI in Cincy the same ,, Manheim Louisville same

@dwv1000 3 ай бұрын

It's in the town of Exeter@@rsxboss302

@twoc400s5 3 ай бұрын

Those older New England rust buckets are getting REAL hard to sell.

@JasbirSingh-zj1fg 3 ай бұрын

@@twoc400s5 Even the rust buckets will sell if the price is right.

@tedbell4416 3 ай бұрын

Carmax prices are insane

@chaselesser3191 3 ай бұрын

Tundra has 32k miles and it’s only $4k less. I don’t understand the people that buy from CarMax. But they are out there.

@ajwright8710 3 ай бұрын

$500.00 for a used car drive it till the wheels fall off give it to the junk yard and go get another.😮

@breckfreeride 3 ай бұрын

Old cars are easy and cheap to fix...

@LSHoang 3 ай бұрын

@@breckfreeridecheap to fix them DIY only. Car maintenance costs are rising.

@jasonsun2251 3 ай бұрын

the thing is you cant find a 500 dollar car that drives fine lol

@subaruamazon 3 ай бұрын

i dont see 500 cars anymore.

@breckfreeride 3 ай бұрын

@@subaruamazon easy to find in the junk yard

@rmb1 3 ай бұрын

Tax times doesn’t change the fact that consumers cannot qualify for loans they are tapped out on financing and many have no savings.

@BossInVegas 3 ай бұрын

my 2012 Passat TDI SEL just hit 199k miles today. It has a slight issue going uphill with the turbo - but other than that drives pretty good - dealership want to offer me $1000 for trade-in when they are selling similar vehicles in the 6-8k range..... Such a joke - if they just made me a decent offer on my car i would actually consider upgrading - but since not - they get nothing - screw those greedy bastards!

@BobSmith-mc7uq 3 ай бұрын

Keep that Passat! Put a few bucks into it with a GOOD VW mechanic & wave at your dealer as you go by!

@seandavis2520 3 ай бұрын

CarMax needs to consult Jay Leno ASAP as their car collection is just regular vehicles Not Collectables!

@tleonard8472 3 ай бұрын

Carvana and Carmax are the newest FTX, its a house of cards with manipulated financials.

@jgmullins1 3 ай бұрын

Studied the Carvana balance sheet about a year ago. They have some enormous debt but they managed to push much of it out a couple years. When it comes due so will the bankruptcy. Yes, a house of cards.

@geyser3445 3 ай бұрын

Those prices are way too high. As you said, much better to buy new.

@user-kn4xv6hv4p 3 ай бұрын

Have you ever wanted a 'classic car'? It would be less expensive to find a nice rust free classic car and rebuild it, plus it would be worth a lot more than any new car, plus it would keep it's value!

@misosour 3 ай бұрын

Refunds lol People are going to be in for a big surprise

@youtoobe169 3 ай бұрын

Carmax's target demographic will not care that you can buy a new one for cheaper.

@congoredjr 3 ай бұрын

My 2010 Lexus Rx350 has 180k miles on it. I've had it for a decade and it still runs and drives like new. I will keep it until it dies.

@bosneb 3 ай бұрын

Carmax lots look like a great place to find shelter for the night if you're homeless.

@eddym5532 3 ай бұрын

Even if they cut the prices on half (50%) on those 100 thousands dollars plus, still cars are too expensive.

@philipchang4453 3 ай бұрын

It's like that with almost everything.. clothes,sneakers, cars .. 50% of don't mean shit when the items are being marked up. Cars being 100k when they mite of been 50k before so when it's marked down %50.. your paing for it used just as much as it would of costed brand new

@oldschoolgamer5113 3 ай бұрын

We lost control. Things are gonna get real rough.

@rachegreenrg 3 ай бұрын

Ford focus is a $2000 car.

@TheCoopMan 3 ай бұрын

I got taxes done early. Federal return is about 85% down from normal. Some states are upping their returns to compensate but it’s still a lot less. There may not be a spike in buying this season.

@fredhenry426 3 ай бұрын

Correction. "They are not selling this for..." They are selling that crap at that price. They are asking.

@theeclectic2919 3 ай бұрын

The simple solution to clearing the lot: Lower the prices. They seem afraid to do that.

@13Ghosty13 3 ай бұрын

im in the market. but im in no hurry to spend. ill buy when they ask reasonable prices for the cars. i am not under any pressure to spend cash. they are insane to depreciate the value of a used car for 1-2k per year since new. i hear ya, brandon - but lots of us CAN buy, we just arent paying what they want. we dont HAVE to buy a car. let em eat cake.

@subaruamazon 3 ай бұрын

my camry keeps me out of this market thank goodness.

@anotheruser5654 3 ай бұрын

Hold the line!

@subaruamazon 3 ай бұрын

@@anotheruser5654 I will i just pray no one smacks me.

@Tential1 3 ай бұрын

@subaruamazon insurance should then cover you. I don't worry about this at all. Someone hit my last car, Insurance called it a total loss and gave me the money to get a new one. The only thing that sucks is if you've customized your car, which is why I'm not customizing this one.

@subaruamazon 3 ай бұрын

@@Tential1 ten, i am a middle aged man. no big speakers in the trunk lol. i had a tough time buying a good camry because it is competitive to buy them. It is what it is. I would see if i could add money and buy a 15 to 17. i like the look.

@vince131s 3 ай бұрын

I noticed today a local car lot was overflowing as well. It’s happening everywhere.

@SweetNeoCon407 3 ай бұрын

Years ago I bought a couple of cars from Carmax. That was when regular dealers were not being competitive and honest with their used car inventory. Now those dealers have woken up that they were losing a lot of business to places like Carmax and Carvana and are now offering better competitive deals on their used inventory. In fact, they are doing better than the big national wide used car retailers.

@dvaritek434 3 ай бұрын

Yeah, i bought a rare car from them that had 38k. Now it has 193k. They were way better value 12 years ago. They were only a few percent more than typical used car dealership and way better quality. Now its the reverse.

@ChrisFromFloriduh 3 ай бұрын

Dealers here in Jacksonville are doing the same prices for cars with 40-70k mile on Toyotas, it’s ridiculous.

@1968CudaGuy 3 ай бұрын

The two Carmax locations near me are absolutely stacked with cars and trucks that are rotting away.. Almost every car dealership around Marietta GA is loaded down as well... Prices are still stupid high and quality is slipping. Not in the market for a car or truck but really enjoy your insights into the market.

@LSHoang 3 ай бұрын

And the dealerships near Carmax in GA all have their prices higher than Carmax after adding their ridiculous fee + add-ons. They don't even want to negotiate.

@subaruamazon 3 ай бұрын

let them sit.

@TheLemart 3 ай бұрын

I pass by that Toyota dealership in Austell everyday 🤣🤣🤣 it’s packed to the gills

@taylerellis378 3 ай бұрын

They are getting ready to sell to people willing to give up their tax refunds. People are so dumb. They treat their refund like a spring bonus. Unfortunately this year I think people are going to have no choice but to pay for necessities.

@unfairsanic5089 3 ай бұрын

@@LSHoangi still look at carmax because the dealerships will be more expensive for you at the wnd for putting add ons

@Mathguy363 3 ай бұрын

Some Lexus don’t have a lot of km because the customer base tends to be older. Toyota and Lexus usually depreciate the slowest out of all major brands

@rocinblues 3 ай бұрын

Yes to your point MSRP's and dealer incentives are slowly showing. However, the new car dealers are STILL hammering their overpriced ADD-ON fees. Went out last week and couldn't believe it , fees...fees....fees.... averaging like $1800 -$2000 per unit. Are these dealers ever going to wakeup and realize that new car buyers are PISSED ??????

@edwardrhoads7283 3 ай бұрын

They will do it as long as they can get away with it...

@SomeUserNameBlahBlah 3 ай бұрын

Carmax has been overstocked for awhile now. Yet, they still stay in business.

@TheMEXICANBEEF 3 ай бұрын

I wouldn't use the term "overstocked" for carmax. They want their lots full. When they get close to capacity they start paying less for cars and end up making more money per car or lowering prices on all inventory.

@s99614 3 ай бұрын

The price of vehicles at CarMax is too damn high!

@Spaethon 3 ай бұрын

CarMax is hedging everything on public desperation. People having no other place to turn for a vehicle, so they get stuck paying ridiculously overpriced vehicles at 24% interest. With an interest rate that high, CarMax has become purely predatory.

@Need_a_trailboss 3 ай бұрын

I just want to see these online dealers go under. I want to see some big dealers that got greedy go under as well. This collapse can go longer than expected with the banks panicked

@emmapeel4299 3 ай бұрын

Love love love these collab vids! Keep them coming. It’s nice to have different perspectives.

@aaroneslinger7968 3 ай бұрын

They are selling Used Civics for the exact same price as a new one.

@garyday6681 3 ай бұрын

Great content! Super job on the channel. Thank you for the video.

@grants169 3 ай бұрын

Biggest problem with buying a second hand EV, aside from the constant price drops, the new buyer has NO IDEA the battery condition. If it was always super charged (to 100%) in a hot climate for example it will have more degradation than normal.

@edwardrhoads7283 3 ай бұрын

And for the price of a new battery you could almost buy a new car...

@BasedF-15Pilot 3 ай бұрын

Good. Letem rot. Nearly every car is 60K+. 100K trucks. Ridiculous.

@robotbuster1487 2 ай бұрын

I have visited my local Carmax dealership several times, about 4 visits between April 2023-Nov. 2023. Not ONE TIME did a salesman initiate a conversation with me about purchasing a car. This Carmax is laid out in a such a way, the customer must enter the showroom, to gain access to the parking lot of vehicles for sale. These visits occurred on Tuesday/Wednesday mornings, not busy times like a weekend or an evening.

@kayakking2543 3 ай бұрын

I’m in Detroit. You should see it up here. Stellantis probably has at least a million vehicles lined up for miles at multiple locations. I took a video last time I drove by.

@MarcPagan 3 ай бұрын

Roger that from Pompano Beach, Florida ...the one next to my Costco is huge, and yet I never see more than 1 or 2 people on their lot .... many times, no one.

@papimiami1938 3 ай бұрын

Wow that is a huge dealer ... that is wild

@TheOzthewiz 3 ай бұрын

As much as I WANT to help Brandon by clicking the "like" button on these videos, they are really getting "old". It seems like I am hearing the SAME information in EVERY video! No offense, Brandon!

@rachegreenrg 3 ай бұрын

Nothing new is happening right now. In 3-6 months things will change fast weekly.

@justinshaffer3419 3 ай бұрын

I support what he's is doing but he needs to update the format and quit repeating himself so much. I have to skip ahead several times as he's just repeating the same sentence in a slightly different way. Just constructive criticism.

@davec6724 3 ай бұрын

You need to be filthy rich or insane to be paying these prices. Cars are like Bic lighters, you buy them cheap flickem until they don't flick anymore, toss it and buy another.

@uo2230 3 ай бұрын

And CarFax is not gonna say a word about the failing transmissions on 2012-2018 Focus and Fiesta. It's well known that they ALL go bad but oh no it's fine. Sleezy.

@dakotaslt232001 3 ай бұрын

and Fusion.

@evoman44 3 ай бұрын

Those cars are only worth buying if they are the manual transmission models. I saw a guy on KZfaq that did his own manual transmission conversion on his Focus and documented the process. He did it because he did not want to hassle with the auto transmission anymore.

@jimmyamico4713 3 ай бұрын

Very helpful and informative video as always❤

@peterjohnlerum6580 3 ай бұрын

I’m gonna keep stacking cash to hopefully buy a new Camry hybrid for a reasonable price in a few years after the Toyota dealers adjust their prices..sticking with my 2015 Highlander running strong still at 101K miles 💪🏾

@Lg8T3 3 ай бұрын

That highlander is just broken in!

@user-kn4xv6hv4p 3 ай бұрын

When was the last time you've seen new car prices fall over the last 20 years?

@JustDItY 3 ай бұрын

You won't be able to stack enough cash to keep up with the MSRP's.

@subaruamazon 3 ай бұрын

07 camry 148k. i want a new camry but wont do a thing now. will keep changing oil at 4k instead of 5k to keep this car on the road. I wonder if one can get a camry for 28k? msrp is 26.5. perhaps 28.5. will take a lot of work. an le would be nice before the sixes and the 8 speed trannys go the way of the dinosaur.

@anotheruser5654 3 ай бұрын

@@user-kn4xv6hv4pthey fell in 2008 and 2009 and again in 2019.

@robertdoty2375 3 ай бұрын

Crazy. For comparison, I bought my 2015 Focus SE in 2020 with like 8K miles on it for $10,000.

@deanmitchell9568 3 ай бұрын

Thanks as always for showing the Camry's

@wawalker1 3 ай бұрын

Brandon, great point regarding Carmax not following Carvana's direct to consumer channel. After all, it also didn't work for Vroom.

@Abc-sl1nf 3 ай бұрын

They need to drop prices by 50% before level headed ppl buy!

@johnlacroix1639 3 ай бұрын

WOW amazing TY so much ,,Keep up the great work

@robertclubs9908 3 ай бұрын

Thanks for the update.

@ultraviolettp3446 3 ай бұрын

My current 2016 Hyundai SE was bought from CarMax back in January 2019 for $12,998 and it had only 21k miles. I paid my car off in 4 years and now enjoying this paid off car with no intention of buying another car in the next four or so years. Currently the car just turned to 77k miles on the way home for work and has been spot on dependable needing only a battery and two sets of tires. I cannot imagine buying a Ford Focus with 95k miles with that putrid automatic transmission! I lucked out and had my 22 year old bought new 1997 Ford Escort bite it back in January 2019 just before the market went nuts. I would have bought another Ford (was a Ford owner for almost 40 years), but Ford stopped building cars and the ones you could buy new were worthless after that transmission fiasco. I've very happy as a Hyundai owner.

@ro229time3 3 ай бұрын

Carmax = Cars at Max pricing

@slewhousecnc5050 3 ай бұрын

The business model was to use wall street money to buy all the used cars via carmax, carvana, vroom etc. Artificially creating scarcity and pumping the price of the used cars.

@patrickmichael8655 3 ай бұрын

50 grand for a truck that’s crazy

@Tom-cp6yj 3 ай бұрын

Where have you been?? Most are 70 grand plus!

@cockaroach5686 3 ай бұрын

Nutty

@Savvynomad225 3 ай бұрын

That’s for a used Tacoma

@slowbastardo9101 3 ай бұрын

Used truck......

@AverageJoeDividends 3 ай бұрын

Check out what Jeep is trying to sell Grand Wagoneers for.

@wadestanion4617 3 ай бұрын

I watch your channel as well as others on the car market.... And what is extremely irritating to me as a consumer is this.... The dealers are having trouble selling over priced crap from their lot, so what do they do... Hang on to it until they HAVE to take it to an auction where other dealers buy it for cheaper and the original dealer loses money..... Why..... Then if they are going to lose money on it ANYWAY.... Don't they just quit being PRICKS to customers and give them the discount?

@roberttaylor142 3 ай бұрын

At what point does some place like carmax realize this isn’t working for us? Meaning what there are pricing these cars at is not workings for them because no one is buying them at these crazy prices. LOVE YOUR VIDEOS BROTHER. THANK YOU FOR THEM.

@user-ev3mi1jb1o 3 ай бұрын

Great videos very knowledgeable salesman / Dealer

@maverickflint1991 3 ай бұрын

Be safe and careful.😊👍🙏

@maverickflint1991 3 ай бұрын

Sometimes it is best to bring the prices down to what you paid for them and get them sold as many as you can so you can keep from going into debt or bankruptcy!!!👍

@jbp1981 3 ай бұрын

People will pay the carmax premium just for up front pricing and not having to deal with slimy dealerships. Not to mention, msrp is close to carmax pricing but as you highlighted in other videos, msrp + dealer add ons + fees makes the price significantly more than carmax prices.

@Seenoevilspeaknoevilhearnoevil 3 ай бұрын

Remember that you now can actually buy a brand new vehicle with price incentives for less than Any used equivalent model vehicle at CarMax and that's a fact. CarMax is for those who enjoy losing money and getting ripped off.

@deanrotering879 3 ай бұрын

Those days are over

@merdith6 3 ай бұрын

That's insane for a used Camry

@raiden031 3 ай бұрын

Plus CarMax tends to sell better quality cars than other used dealers and they have a good return policy and basic warranty. I had a good experience with them previously. I think their prices are probably too high at the moment but I'll check them out whenever I'm looking to buy a vehicle.

@Seenoevilspeaknoevilhearnoevil 3 ай бұрын

@@raiden031 That's why you pay new vehicle prices for used ones, warranty and condition, but again on the negative side you pay new vehicle price for the same new vehicle with brand new factory warranty from an authorized franchise dealership that's brand spanking New. I rather buy it New from a franchise dealership if the price is almost the same as used CarMax vehicle. How about you? Do you prefer to pay the same price for the same make and model used or wouldn't you rather buy it Brand New from an authorized franchise dealership. I much prefer New if the price is almost the same!! Only one thing is missing from the New vehicle that you get standard at Carmax, used vehicle fart seat smell 💩. New vehicles don't have this additional bonus.

@dirtyjersey4672 3 ай бұрын

Keeping my current vehicle. I hope Carmax gets there 🥜 kicked in! Ridiculous prices on that lot!

@ordrdchaos 3 ай бұрын

You simply can not sell cars at these price points and expect to move them quickly. Average income is far too low for this to be affordable.

@josephshultz6726 3 ай бұрын

I drive a 23 yo accord and love it. Who wants to for these stupid prices? I bought this Honda for 9k in Jan 2006. F this market.

@thediscodiver 3 ай бұрын

If car max went under the inventory to the market would be phenomenal it would really bring prices down. I can’t see how car max is surviving at the moment there next quarterly earnings is April 11 which I feel will tell us where the market is really going to go.

@mikedaleiden7725 3 ай бұрын

I can't think of a possible worse time to buy from Car Max, especially if you have a trade. They have been resistant to come down in prices, but have come way down in their trade offers. Add high interest rates to that and I really wonder about who would actually still buy there???

@jaysdood 3 ай бұрын

This pricing is delusional. They can either take losses on these vehicles now or lose their shirt on financing costs PLUS take even greater losses later.

@johnhinant970 3 ай бұрын

It would be intereting to know the real repossession numbers.

@richardelias3684 3 ай бұрын

Heard on the radio yesterday 2/26/24, Holmes Tuttle and Jim Click Ford here in Tucson, AZ, are giving 10,000 BELOW MSRP. They must be hurting to get rid of their inventory.

@edwardrhoads7283 3 ай бұрын

But then they add 8k in ridiculous fees probably.

@stevens1041 3 ай бұрын

Carmax prices very, very heavy. Used to work in car sales, specialized in used cars.

@billricheter5678 3 ай бұрын

People have been duped into thinking buying used is a better deal. In most cases it is not

@JohnnyTyrone77 3 ай бұрын

Disagree…You have to know which used cars to buy… Stay away from American used cars as well as BMW,Fiat,some Volkswagen and Mercedes(pricey repairs) Stick with Toyota and Honda.. Carmax for years has always charged 3,000-6,000 or more on used cars…On the other hand if you buy their warranty they stand behind their cars.

@bernadettemartinez1901 3 ай бұрын

Not true, please watch Scotty Kilmer on YT. Scotty, has been a mechanic, for about 53 years. In other words, he knows cars inside and out, he buys used cars, and for cheap. Listen to Scotty and find a good mechanic, to thoroughly check out car before purchase. 😊

@billricheter5678 3 ай бұрын

@@bernadettemartinez1901 maybe watch someone that actually is t living in the past a d is bought and paid for. He knows little to. Thing. Always

@matthewmcdonald9107 2 ай бұрын

I really enjoy your opinion on the state of the market. I used to flip cars and its been bad for years now for anyone selling cars. I havent flipped a car in years. Beaters that used to cost under $1000 are now going for $2500-$3k for total buckets

@RookieRider93 3 ай бұрын

Planning to buy a car soon. Hoping prices come down! Great video!

@Kevin-mk6jo 3 ай бұрын

Dumb.

@RookieRider93 3 ай бұрын

@@Kevin-mk6jo why dumb? I need a car. Planning to buy one soon. Not from CarMax obv. But need to buy a car nonetheless.

@Kevin-mk6jo 3 ай бұрын

@@RookieRider93 wait till May 2024, if you can. U will thank me later.

@lot2196 3 ай бұрын

Nope.

@loumason6120 3 ай бұрын

@@Kevin-mk6jo You mean April 2025, he will be thanking me

@PhilNo-kh8bb 3 ай бұрын

Not only are they $5000-$10000 overpriced on their vehicles, but their interest rate is much higher than other dealerships as well.

@williamkelley7654 3 ай бұрын

No sympathy for manufacturers/big box dealers. They were all happy to take that extra cash without thought, time to pay the piper! My son is buying his first car this spring and it will be a cash sale as he has saved and saved. THe car market, like the real estate market, needs a massive and painful correction.