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

  Рет қаралды 286,888

CNBC

CNBC

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: 232
@lukelaming3445
@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
@juanojeda8069 Жыл бұрын
That's great I'm looking for that also
@adrian33161
@adrian33161 Жыл бұрын
Wouldn’t sugarcoating make it seem better than it really is?
@SunnynPhilly
@SunnynPhilly Жыл бұрын
@@adrian33161 yea I think you’re correct The Edge. Saw you in concert once, great U2 show 👍.
@tomriddle-fs4ur
@tomriddle-fs4ur 4 ай бұрын
​@@SunnynPhillyhe's correct.....
@MikeMane-ex1vf
@MikeMane-ex1vf 2 ай бұрын
He is a great liar too.
@bayram493
@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
@10YearOldTom 2 ай бұрын
Same here.
@FlyingWheels
@FlyingWheels Жыл бұрын
Thank you so much CNBC! Here's our youtube channel link kzfaq.info
@girishgosyne4663
@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
@FlyingWheels Жыл бұрын
@@girishgosyne4663 Thank you!
@henrykim4230
@henrykim4230 9 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
@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.
@effay83
@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.
@droopythebeagle2783
@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.👍
@Itsdre416
@Itsdre416 Жыл бұрын
I've been watching flying wheels for years, If only small dealerships followed the way he does business.
@Kylehoulihan
@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!
@verynick
@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
@TheBattleMaster100
@TheBattleMaster100 4 ай бұрын
Very rare to find an honest car salesman. I like his mindset. Very down to earth and professional. ❤
@8figureant516
@8figureant516 Жыл бұрын
As a dealer I can relate so much glad I found this
@herevlad1
@herevlad1 Жыл бұрын
Love that he's very honest
@moparrdudee87
@moparrdudee87 Жыл бұрын
This is a really good KZfaqr ! Seems to be an honest guy too. Good info as well
@officeraurilio
@officeraurilio Жыл бұрын
Great Interview, keep up the great work!
@FunStuffBuddy
@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.
@shaham712
@shaham712 Жыл бұрын
Learned so much about the car market watching Flying Wheels KZfaq videos.
@agdrummer2610
@agdrummer2610 Жыл бұрын
Good for Craig. Seems like a good dude.
@G.M85007
@G.M85007 Жыл бұрын
I've enjoy watching his videos. Hes pretty cool guy.
@user-kh7mm2he8b
@user-kh7mm2he8b 5 ай бұрын
Absolutely Outstanding Video! Smart Man.
@tommasoscalese
@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
@axm203
@axm203 Жыл бұрын
Congrats Craig!
@jagerdager07
@jagerdager07 Жыл бұрын
Craigs a great guy! As a second generation car dealer here in Canada love his channel! Love the success!
@rezartpinderi4418
@rezartpinderi4418 Жыл бұрын
Wonderful job Craig
@hotshot1574
@hotshot1574 Жыл бұрын
Shout to Craig proud of you man you’re going up!
@giogonza8741
@giogonza8741 Жыл бұрын
Love his content
@iWasBetterOffDead
@iWasBetterOffDead Жыл бұрын
love these videos as always, keep em coming
@orlandocastillo6862
@orlandocastillo6862 Жыл бұрын
Love his KZfaq channel
@jmitchell9689
@jmitchell9689 Жыл бұрын
Congratulations Craig !
@carsonac4163
@carsonac4163 Жыл бұрын
Way to go @flying wheels. Keep it up!
@boksugoks9312
@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 😢
@rorosnusnu2035
@rorosnusnu2035 Жыл бұрын
Didn't expect to see Craig here!
@damnkids9999
@damnkids9999 Жыл бұрын
love this guy this guy and scotty kilmer great people
@mobandzz773
@mobandzz773 Жыл бұрын
Crazy Craig on this congratulations 🎈
@ostab
@ostab Жыл бұрын
I following this guy from Dubai and i like his videos 😉
@qualityautorepairtireautosales
@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"
@bigchief113
@bigchief113 5 ай бұрын
Great to see FLYING WHEELS on CNBC!
@rickstevenson9585
@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.
@rudysalas9138
@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
@travelingfool9096
@travelingfool9096 Жыл бұрын
His tube Videos are are fun and informational.
@Tylnorton
@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.
@freddyhollingsworth5945
@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
@FlyingWheels Жыл бұрын
thanks Freddy!
@makindeoye
@makindeoye Жыл бұрын
Congrats Craig
@510Live
@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.
@gm1258001
@gm1258001 Жыл бұрын
Oh wow! Great work Craig. Been watching your videos for awhile and great to see you getting featured.
@austinhernandez2716
@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
@JoyTothesummer
@JoyTothesummer 4 ай бұрын
In this business is all who you know. You gotta be well connected
@BrettFightorFlight
@BrettFightorFlight 2 ай бұрын
Good story and excellent editing
@Tony-yn5un
@Tony-yn5un Жыл бұрын
Awesome Craig
@amazingaviation3223
@amazingaviation3223 Жыл бұрын
Watched this guy for awhile! Lots of respect for this, God Bless!
@phemystevens63
@phemystevens63 Жыл бұрын
Respect !!
@vognmandpedersen8144
@vognmandpedersen8144 Жыл бұрын
Craig is hardworking, not many puts in the hours and energy that he does!
@samsonsoturian6013
@samsonsoturian6013 Жыл бұрын
Or starts out inheriting a multimillion dollar business
@FlyingWheels
@FlyingWheels Жыл бұрын
@@samsonsoturian6013 started in my driveway with 1 car
@janicestowell1527
@janicestowell1527 Жыл бұрын
🤦🏻‍♀️ His parents are high school teachers
@samsonsoturian6013
@samsonsoturian6013 Жыл бұрын
@@janicestowell1527 either he's a liar or you are
@WillDavlin
@WillDavlin Жыл бұрын
we need a prius with 8 inch ground clearance cuz roads are so bad
@ponifasio
@ponifasio Жыл бұрын
Let's go Craig!!!
@ericmeurs9021
@ericmeurs9021 Жыл бұрын
Love this man’s KZfaq channel. Some good life lessons
@nhlanhlamakhubu4666
@nhlanhlamakhubu4666 Жыл бұрын
i love these cnbc videos, makes me feel like i just read a book
@DougCam-ed5tc
@DougCam-ed5tc 10 ай бұрын
Good job Craig
@williamwade7059
@williamwade7059 Жыл бұрын
Cool guy, I'm a Subscriber can't wait for Toy season.
@peterbeeley7209
@peterbeeley7209 Жыл бұрын
Love it
@CarPhonix
@CarPhonix Жыл бұрын
Flying wheels!!!!! Wow!!! 🎉
@JonBlondell
@JonBlondell Жыл бұрын
Ya Craig!!
@PremierAutoMan86
@PremierAutoMan86 Жыл бұрын
Craig...Flying Wheels!!! Congrats love his channel.
@cameronvincent
@cameronvincent Жыл бұрын
Was wondering why he looked so familiar at first ahah
@JSM.
@JSM. Жыл бұрын
Great video Craig!
@v12smooth82
@v12smooth82 Жыл бұрын
Great video
@goodybag7301
@goodybag7301 Жыл бұрын
Wow Am a flying wheels subscriber
@apaggio8406
@apaggio8406 Жыл бұрын
Very creative, fun to watch his KZfaq channel
@vettys
@vettys Жыл бұрын
I'm glad to see You in cnbc man!
@chrisojomon
@chrisojomon 8 ай бұрын
Awesome 👌
@garyfigler5043
@garyfigler5043 Жыл бұрын
Go Craig!!!!!
@iVitaliy1
@iVitaliy1 Жыл бұрын
That’s Craig !!
@ThisHeatOnly
@ThisHeatOnly 5 ай бұрын
Mustang cobra is underrated in terms of chill drives
@joselastname448
@joselastname448 Жыл бұрын
omg R32 at 5:40
@csp8490
@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
@daviidee1
@daviidee1 Жыл бұрын
Craig let’s get you a tv show! 📺
@FlyingWheels
@FlyingWheels Жыл бұрын
Working on it😁 🤞
@gibbonholder3274
@gibbonholder3274 Жыл бұрын
Ras House Music 🎶 Laborie Beach ⛱️ St Lucia
@ousmanedrame2357
@ousmanedrame2357 Жыл бұрын
One of the best out there
@shaham712
@shaham712 Жыл бұрын
I was about to scroll down but noticed Craig from flying wheels in the thumbnail.
@borlanderobertson5666
@borlanderobertson5666 Жыл бұрын
Craig's the best Flying Wheels Baybee
@mikemats2858
@mikemats2858 Жыл бұрын
used car business is a tough one !
@justinlemay5563
@justinlemay5563 Жыл бұрын
Hey it's Craig 😀
@auro1986
@auro1986 Жыл бұрын
how? cars with internal combustion engine with petrol as the fuel
@dizk5283
@dizk5283 Жыл бұрын
Yooo it's Craig🔥
@Mist3man4423
@Mist3man4423 Жыл бұрын
What car do you drive personally?
@THEDJHD1
@THEDJHD1 Жыл бұрын
Craig i see ya my boiiii
@FinancialShinanigan
@FinancialShinanigan Жыл бұрын
How much for that GTR at 5:40?
@Dj-tf7od
@Dj-tf7od Жыл бұрын
Pretty sure it’s his brothers
@TeamSpacePants
@TeamSpacePants Жыл бұрын
I saw an R33, please tell me he has a few of those!
@chanandler4567
@chanandler4567 Жыл бұрын
There’s a R33? There was a R32 @5:41.
@TT-ik3kd
@TT-ik3kd Жыл бұрын
😂 puts one new tire on
@antoniocastilloiii3465
@antoniocastilloiii3465 Жыл бұрын
how much is that R32 in minute 5:40?
@FlyingWheels
@FlyingWheels Жыл бұрын
Gtr. We also have an r33😁
@kelbale
@kelbale Жыл бұрын
I'm here from Flying Wheels!
@zeljkokajic3142
@zeljkokajic3142 Жыл бұрын
I live in Europe and wach his KZfaq Chanel for 2 years now, I'm waiting for Ferrari flip 400$
@jeffmac3071
@jeffmac3071 Жыл бұрын
Love Papa Al!
@FlyingWheels
@FlyingWheels Жыл бұрын
He didnt make the final cut :(
@220Gene_
@220Gene_ Жыл бұрын
Craig!!!!!
@christopherstrong880
@christopherstrong880 Жыл бұрын
Just about buy good quality cars!!
@DeanBKK
@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.
@paultaendler3308
@paultaendler3308 Жыл бұрын
NEW carvana?
@HemiLyfestyle
@HemiLyfestyle 10 ай бұрын
wow i actually watch his youtube channel lol
@thecarsurgeon529
@thecarsurgeon529 4 ай бұрын
30sec-3min to look at each one? That is false, you can go the morning of, or even days before to look at the specific vehicles you want to purchase.
@woodrowbunopaddle
@woodrowbunopaddle Жыл бұрын
These paid adverts need to stop. The average public thinks this is just news. Please people !!! Really Vet what you see on KZfaq
@growthnetics5407
@growthnetics5407 Ай бұрын
Am I the only one who thinks the numbers aren't adding up? Between the total cars he sold in 2022 vs the monthly expenses? Like 50k per month on expenses seems off.
@user-ol4os5fs2b
@user-ol4os5fs2b 22 күн бұрын
OK 👍🎉
@peli3783
@peli3783 Жыл бұрын
I would love a flying car
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