How I Built My $3 Million Business Buying Cars At Auctions

Рет қаралды 274,349

Жыл бұрын

Craig Stowell owns Flying Wheels, a car dealership in Danville, New Hampshire. Valued at an estimated $3 million, Stowell’s business buys about 80% of its cars at auctions around the country. In 2022, the U.S. vehicle auction market was valued at $3.21 billion. Flying Wheels reached $1.3 million in sales last year. Many of those sales came from his online followers on KZfaq and other social media. Watch this video to learn how Stowell built his $3 million business buying cars at auctions.
Produced by: Nora Rappaport, Emily Lorsch
Senior Managing Producer: Tala Hadavi
Camera by: Billy Freeman
Graphics by: Christina Locopo
Additional Footage: Craig Stowell
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How I Built My $3 Million Business Buying Cars At Auctions

Пікірлер: 231

@lukelaming3445 Жыл бұрын

Impressive to see Craig on this… he’s a great KZfaqr, really likes to show the good and the bad side of things instead of just sugarcoating it to make it seem much worse then it really is.

@juanojeda8069 Жыл бұрын

That's great I'm looking for that also

@adrian33161 Жыл бұрын

Wouldn’t sugarcoating make it seem better than it really is?

@SunnynPhilly Жыл бұрын

@@adrian33161 yea I think you’re correct The Edge. Saw you in concert once, great U2 show 👍.

@tomriddle-fs4ur 3 ай бұрын

@@SunnynPhillyhe's correct.....

@MikeMane-ex1vf Ай бұрын

He is a great liar too.

@bayram493 Жыл бұрын

I’ve been watching this guy on KZfaq for the last 3 years he’s great and has very valuable information.

@10YearOldTom Ай бұрын

Same here.

@FlyingWheels Жыл бұрын

Thank you so much CNBC! Here's our youtube channel link kzfaq.info

@girishgosyne4663 Жыл бұрын

Craig's awesome, I've been watching his videos for years now! He works hard and shows you all aspects of the business! Great feature!

@FlyingWheels Жыл бұрын

@@girishgosyne4663 Thank you!

@henrykim4230 8 ай бұрын

Craig is my favorite car saleman. He's honest and he always wants to help his customers. He goes beyond what he's supposed to do. i like him. He has a cool boat :D

@jonr6680 Жыл бұрын

This guy is successful because he hustles, and he knows his business. The overhead is eye watering and covid showed that no business is bullet proof. Good luck to anyone who can take the risks and keep smiling.

@droopythebeagle2783 Жыл бұрын

Since watching him on KZfaq. I have learned a lot of what he does. For me. I like cars. Why I say " Cars my thing." Not just the cars themselves. But the business and cars shows, etc. So much about cars. So watching Flying Wheels on KZfaq helps myself. Being a autistic adult. I have graduated high-school. Some college. Worked many places. And interviews and fitting in isn't easy. But autistic people not just myself are smart. "Unique." So watching Flying Wheels on KZfaq is great to watch, learn and let's me continue to learn about cars and the automotive industry. Everyday I continue to learn something about cars. Never stop learning. I have been to car auctions ( public ones). Never done what Flying Wheels has done but always want to stay in the automotive industry. So I just watched this video you have about Flying Wheels. I learned even more about how cars are bought and sold thru auctions. And more about Flying Wheels. Very good choice to do a story on Flying Wheels. I will continue to watch Flying Wheels on KZfaq. Never myself have done what Flying Wheels has done. But I've owned many vehicles myself since twelve. Took one apart at twelve. ( school not easy and found since little I like cars). So again. Great choice to do a story on Flying Wheels. We live in a digital age now. I say: " If you can't keep up with technology, technology won't wait for you." And also. Autism. At times it seems hard to do things. But don't give up. And be proud of yourself. We have strengths, skills and great ideas. Again. Great video on Flying Wheels CNBC.👍

@Kylehoulihan Жыл бұрын

Oh my god!!!! I’ve been watching his KZfaq videos for a while and now to see him here is crazy!!!! Keep up the good work!

@effay83 Жыл бұрын

I went to a car auction with a dealer friend in my early 20s in Manheim PA. It was a great experience, one that I still fondly remember today. It's hard work. You have to do volume to make a good profit.

@Itsdre416 Жыл бұрын

I've been watching flying wheels for years, If only small dealerships followed the way he does business.

@jagerdager07 Жыл бұрын

Craigs a great guy! As a second generation car dealer here in Canada love his channel! Love the success!

@8figureant516 Жыл бұрын

As a dealer I can relate so much glad I found this

@officeraurilio Жыл бұрын

Great Interview, keep up the great work!

@TheBattleMaster100 4 ай бұрын

Very rare to find an honest car salesman. I like his mindset. Very down to earth and professional. ❤

@verynick Жыл бұрын

I like his transparency and I think that’s what makes him successful!!! I wish my local car shop or tire place or tax person all do vlogging so that both parties can see whole thing!! Haha

@shaham712 Жыл бұрын

Learned so much about the car market watching Flying Wheels KZfaq videos.

@moparrdudee87 Жыл бұрын

This is a really good KZfaqr ! Seems to be an honest guy too. Good info as well

@herevlad1 Жыл бұрын

Love that he's very honest

@marcoromero2446 Жыл бұрын

love these videos as always, keep em coming

@gm1258001 Жыл бұрын

Oh wow! Great work Craig. Been watching your videos for awhile and great to see you getting featured.

@G.M85007 Жыл бұрын

I've enjoy watching his videos. Hes pretty cool guy.

@user-kh7mm2he8b 4 ай бұрын

Absolutely Outstanding Video! Smart Man.

@agdrummer2610 Жыл бұрын

Good for Craig. Seems like a good dude.

@hotshot1574 Жыл бұрын

Shout to Craig proud of you man you’re going up!

@rorosnusnu2035 Жыл бұрын

Didn't expect to see Craig here!

@bigchief113 4 ай бұрын

Great to see FLYING WHEELS on CNBC!

@orlandocastillo6862 Жыл бұрын

Love his KZfaq channel

@damnkids9999 Жыл бұрын

love this guy this guy and scotty kilmer great people

@giogonza8741 Жыл бұрын

Love his content

@rezartpinderi4418 Жыл бұрын

Wonderful job Craig

@ostab Жыл бұрын

I following this guy from Dubai and i like his videos 😉

@carsonac4163 Жыл бұрын

Way to go @flying wheels. Keep it up!

@amazingaviation3223 Жыл бұрын

Watched this guy for awhile! Lots of respect for this, God Bless!

@axm203 Жыл бұрын

Congrats Craig!

@travelingfool9096 Жыл бұрын

His tube Videos are are fun and informational.

@rudysalas9138 Жыл бұрын

With my automotive knowledge and experience, I have taken my hobby to buying and selling cars. I’m doing very well and hope to soon enter the dealer auctions. Great side money

@jmitchell9689 Жыл бұрын

Congratulations Craig !

@tommasoscalese Жыл бұрын

This is how capitalism works in real life. Craig is great and the people like him move society and bring it into the future

@mobandzz773 Жыл бұрын

Crazy Craig on this congratulations 🎈

@BrettFightorFlight 2 ай бұрын

Good story and excellent editing

@ericmeurs9021 Жыл бұрын

Love this man’s KZfaq channel. Some good life lessons

@Tylnorton Жыл бұрын

That Ford Focus at 2:18 was mine. I traded it in for a 2012 F150. Craig said 4x4 works good but it did not and it still does not. Fortunately with better all-terrain tires I bought, it does just fine snow until I can try and fix 4x4. Craig did help me out with an airbag light since it can't pass inspection in Massachusetts. His mechanic wasn't able to fix it, so he went to others until someone did prior to trading Focus in. End of the day, I got somewhat a good deal considering it's a rust free truck from Virginia and I have posted some videos with it in snow last month. Craig, if you're reading this, I hold no grudge despite 4x4 not working, and I wish you nothing but the best with Fly Wheels! And I hope someone enjoys that Focus because I made memories with that car.

@boksugoks9312 Жыл бұрын

Man, so glad to finally see a mainstream business media feature on Craig, if only he still had German as his right hand man 😢

@JoyTothesummer 3 ай бұрын

In this business is all who you know. You gotta be well connected

@captiantim1 Жыл бұрын

Makes the real money on KZfaq

@FunStuffBuddy Жыл бұрын

It was acknowledged briefly but these big sales numbers are so misleading since that’s not even close to take home pay after the significant expenses of running it. “100% return on investment” is bogus.

@qualityautorepairtireautosales Жыл бұрын

Thanks for sharing...Every he said is 100% spot on. I own a Auto Repair Business (main business) and I also have a dealers license. I use my dealers license to mainly buy and sell with my Repair Customers! From my experience people prefer to buy/sell with repair shops. In the city I'm in 3 other repair shops also have their dealers license. With that license I'm able to help my customers 3 different ways. 1. Selling them a Quality Used Auto...They know with in 30 days if something is not right I make it right! 2. I buy vehicles off my customers that I can repair and feel good about reselling! 3. I get customers who have a derelict vehicle that we don't want to retail...Instead I'll sell at dealer auction 'AS IS"

@510Live Жыл бұрын

manheim in California is much more savage, the market here is heavily saturated with small dealers everywhere. it's a completely different ball game depending on the state your in...especially when your state is banning the sale of all new gas vehicles by 2035; it all trickles down. love Craig, he's excellent. they should've gave him more time in this video.

@austinhernandez2716 Жыл бұрын

I thought about this too, buying, fixing and flipping cars. I'm trying to start many businesses. Junk removal, metal scrapping, car flipping, furniture delivery. Just trying to be independent

@williamwade7059 Жыл бұрын

Cool guy, I'm a Subscriber can't wait for Toy season.

@peterbeeley7209 Жыл бұрын

Love it

@apaggio8406 Жыл бұрын

Very creative, fun to watch his KZfaq channel

@rickstevenson9585 4 ай бұрын

It’s almost mandatory at this point. If you’re going to be an entrepreneur, you HAVE to have an origin story that includes a story about your great great grandparents getting off the boat with literally nothing because grandpa immediately sold his shirt for a loaf of bread to feed the whole family for the next month.

@freddyhollingsworth5945 Жыл бұрын

I've watched Craig for years. He is honest and works very hard and he does the right thing, even when he doesn't have to. I live in Arkansas and I trust Craig enough to buy a car from him blindly.... He is amazing....

@FlyingWheels Жыл бұрын

thanks Freddy!

@nhlanhlamakhubu4666 Жыл бұрын

i love these cnbc videos, makes me feel like i just read a book

@makindeoye Жыл бұрын

Congrats Craig

@phemystevens63 Жыл бұрын

Respect !!

@vettys Жыл бұрын

I'm glad to see You in cnbc man!

@Tony-yn5un Жыл бұрын

Awesome Craig

@PremierAutoMan86 Жыл бұрын

Craig...Flying Wheels!!! Congrats love his channel.

@cameronvincent Жыл бұрын

Was wondering why he looked so familiar at first ahah

@JSM. Жыл бұрын

Great video Craig!

@ponifasio Жыл бұрын

Let's go Craig!!!

@vognmandpedersen8144 Жыл бұрын

Craig is hardworking, not many puts in the hours and energy that he does!

@samsonsoturian6013 Жыл бұрын

Or starts out inheriting a multimillion dollar business

@FlyingWheels Жыл бұрын

@@samsonsoturian6013 started in my driveway with 1 car

@janicestowell1527 Жыл бұрын

🤦🏻‍♀️ His parents are high school teachers

@samsonsoturian6013 Жыл бұрын

@@janicestowell1527 either he's a liar or you are

@CarPhonix Жыл бұрын

Flying wheels!!!!! Wow!!! 🎉

@v12smooth82 Жыл бұрын

Great video

@chrisojomon 8 ай бұрын

Awesome 👌

@DougCam-ed5tc 9 ай бұрын

Good job Craig

@goodybag7301 Жыл бұрын

Wow Am a flying wheels subscriber

@ThisHeatOnly 4 ай бұрын

Mustang cobra is underrated in terms of chill drives

@garyfigler5043 Жыл бұрын

Go Craig!!!!!

@TechFollower Жыл бұрын

Amazing Man... very hard working man...I like his videos

@singledadsurrogacy Жыл бұрын

we need a prius with 8 inch ground clearance cuz roads are so bad

@JonBlondell Жыл бұрын

Ya Craig!!

@joselastname448 Жыл бұрын

omg R32 at 5:40

@gibbonholder3274 Жыл бұрын

Ras House Music 🎶 Laborie Beach ⛱️ St Lucia

@dizk5283 Жыл бұрын

Yooo it's Craig🔥

@borlanderobertson5666 Жыл бұрын

Craig's the best Flying Wheels Baybee

@iVitaliy1 Жыл бұрын

That’s Craig !!

@shaham712 Жыл бұрын

I was about to scroll down but noticed Craig from flying wheels in the thumbnail.

@auro1986 Жыл бұрын

how? cars with internal combustion engine with petrol as the fuel

@mikemats2858 Жыл бұрын

used car business is a tough one !

@antoniocastilloiii3465 Жыл бұрын

how much is that R32 in minute 5:40?

@FlyingWheels Жыл бұрын

Gtr. We also have an r33😁

@ousmanedrame2357 Жыл бұрын

One of the best out there

@FinancialShinanigan Жыл бұрын

How much for that GTR at 5:40?

@Dj-tf7od Жыл бұрын

Pretty sure it’s his brothers

@justinlemay5563 Жыл бұрын

Hey it's Craig 😀

@Mist3man4423 Жыл бұрын

What car do you drive personally?

@daviidee1 Жыл бұрын

Craig let’s get you a tv show! 📺

@FlyingWheels Жыл бұрын

Working on it😁 🤞

@csp8490 Жыл бұрын

I live in hawaii. Used car dealerships are selling used toyota tacoma or 4 runners for more than the brand new price. Disgusting. I wish there were more honest used car dealers in the world

@THEDJHD1 Жыл бұрын

Craig i see ya my boiiii

@220Gene_ Жыл бұрын

Craig!!!!!

@zeljkokajic3142 Жыл бұрын

I live in Europe and wach his KZfaq Chanel for 2 years now, I'm waiting for Ferrari flip 400$

@TeamSpacePants Жыл бұрын

I saw an R33, please tell me he has a few of those!

@chanandler4567 Жыл бұрын

There’s a R33? There was a R32 @5:41.

@TT-ik3kd Жыл бұрын

😂 puts one new tire on

@jeffmac3071 Жыл бұрын

Love Papa Al!

@FlyingWheels Жыл бұрын

He didnt make the final cut :(

@christopherstrong880 Жыл бұрын

Just about buy good quality cars!!

@DeanBKK Жыл бұрын

Did you not listen to anything in the video? At auctions you only get 30 secs to a minute maximum to look at the vehicle and make a decision to bid or not.