People that traded cars in every three years are now keeping them ten. The car industry got greedy and screwed themselves.

@eseir64

14 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

14 күн бұрын

​@@eseir64and then they added the subscription fee to use the screen. That is my personal breaking point.

@GrapeParfait

14 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

14 күн бұрын

@@DWebOscarthey also report your driving history to insurance companies now through the in vehicle telemetry, no thx ill keep my 2017

@edsedlak6827

14 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.

That Raptor, Shelby, and Vette have no price because you have to sign a medical waiver before Carmax will show you those prices.

@Derek8487

14 күн бұрын

Good 1

@bruceposch1449

14 күн бұрын

I thought it was because they keep a defibrillator in the office.

@UmmmmmmmWhat

14 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

14 күн бұрын

Lol​@@UmmmmmmmWhat

@davidbrayshaw3529

14 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.

Dudes done this video like 20 times already. Nothing changes.

@james-p

14 күн бұрын

Yep, "Car Market Is Gonna Crash Real Soon" videos have been going for like two years now.

@russellstewart5414

14 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

14 күн бұрын

He’s been milking this for 2 years…he’s become a used car grifter

@eritulizx

14 күн бұрын

it reminds me of those videos that said China was going to collapse. Still waiting...

@amohkumengisa2362

13 күн бұрын

He’s talking about leading measures… y’all are expecting lagging measures

This is one of those guys who talk and talk without ever really saying anything.

@skateorbri

7 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

6 күн бұрын

Found the car salesman

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

14 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

14 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

14 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

14 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

14 күн бұрын

China is about to pounce on super cheap cars and will decimate the American market.

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

14 күн бұрын

Isnt that crasy!!

@XanVicious

14 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

14 күн бұрын

They didn't increase the prices of American trucks by 250%.

@curly__3

14 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

14 күн бұрын

We need the old 2002 Ford Rangers back

Average price drop at Carmax in the last year was $600? I'll think about buying when it's $6000.

The FED yesterday said, they will not be cutting rates anytime soon. Remember when they said inflation was only “transitory”?

@Sevier7777

14 күн бұрын

Remember that they also said they would be cutting rates more than once this year yeah.....

@Pb_Slinger

14 күн бұрын

You believed them? Guess what! The “FED” is private.

@blur02

14 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

14 күн бұрын

@@blur02because they haven’t stopped printing money. Inflation will remain as long as the federal reserve exists.

@huntermccoy7641

14 күн бұрын

Remember when the fed didnt exist.

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

14 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

14 күн бұрын

Remember the housing bubble ? The car market will burst. Just be patient and wait for it

@Lik3ToSing

14 күн бұрын

Try different brand

@luisserna7695

14 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

14 күн бұрын

wait until you have to do service lol

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

14 күн бұрын

good for you

@stevep927

14 күн бұрын

Car salesman are losers

@grzegorzlecki3139

14 күн бұрын

post a review online, people post reviews for bad dealers. they manipulate reviews on google - fight back

@glebb215

14 күн бұрын

WOW

@billping2633

14 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.

Carmax KMX closed at 68.53 today. The stock price does not come close to reflecting the trouble that this company is in.

@GeneralChangOfDanang

14 күн бұрын

It will when they go bankrupt.

@pauljones6321

14 күн бұрын

Which means selling the stock short is a bargain. Carpe diem!

@bpb5541

14 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

11 күн бұрын

That's why their prices are so high 😂

4:44 That 2024 BMW M2 with 1,000 miles for $71,998 sells new from the dealer for $64,195.

@RD-ce6bb

14 күн бұрын

Lol

@eseir64

14 күн бұрын

CarMax is trying to hose people. That car will sit there for a long long time. Fine by me.

@ELXABER

14 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

14 күн бұрын

Repo

@Blackhomeking12

14 күн бұрын

@@akane742 1k miles ain’t a repo, that’s about a month of driving

Those car prices are crazy, will stand by on the sidelines for now and just keep repairing my current car.

@chucknorris277

14 күн бұрын

If you can turn a wrench it's a no brainer... I got to put a lift in

@nickprioletti7221

14 күн бұрын

In Europe they're trying to pass a law to make it illegal to repair a car older than 15 years

@mmmbbq

14 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

13 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

13 күн бұрын

Seriously!?​@@nickprioletti7221

They should sell all their used cars at higher than new car prices ... solid plan

@midcenturymodern9330

9 күн бұрын

And sell them to people with sub-prime credit scores, just to be sure that everything will go great!

@dmrr7739

7 күн бұрын

They were famous for paying stupid amounts for used cars.

@bassx101

6 күн бұрын

Works for Tesla,,,, unfortunately.

Every video this guys puts out says one manufacturer or dealers or another’s world is ending. They’re still there…

@SunnynPhilly

14 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

14 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. KZread is alot of work.

@handleyobusiness

14 күн бұрын

Shock value

@josephhuman7390

12 күн бұрын

Yes he does, also his buddies Zach and Ray do the exact same thing .. But we all click on so.

@cloudsmith7803

8 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.

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. 😂😂😂

Whats taking so long to fall .....

@nn99nn99

14 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

14 күн бұрын

Greed.

@WilliamCusack-gy8cr

14 күн бұрын

Biden

@user-mz4uo3ph6x

14 күн бұрын

Greed

@curly__3

14 күн бұрын

Socialism and 'election' year corruption.

Shorted their stock when it was $86 now its 69 good times :D

@anotheruser5654

14 күн бұрын

Good call

@Thoringer

14 күн бұрын

69.... nice! ;-)

@jjohnson2560

14 күн бұрын

How dare you what carmax do to you huh huh jim cramer will love you

@bigmekboy175

14 күн бұрын

​@@jjohnson2560wait, did Cramer say it was going up or down? There is no more reliable way to make money than by betting against him.

@jorgetech2985

14 күн бұрын

I'm sure it's going to keep dropping.

$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

12 күн бұрын

No they are going to get a buzz cut

They would rather die than give customers a deal. No other dealers.

@kevinknotts6337

14 күн бұрын

Meant to say Not sell to other dealers.

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

14 күн бұрын

You stuned the the ol geezer by coming out with the left and right hooks at the same time 😅

@TrollingWithTheTruth

14 күн бұрын

😂😂😂😂😂

@royphillips7644

14 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

13 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.

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

14 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

14 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

14 күн бұрын

They do the no haggle approach, which means you get shafted with no lube and you'll be happy about it.

@ketoauntie7301

14 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

14 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!

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

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.

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

Күн бұрын

A good idea, provided that you don't have any other expenses like a mortgage

Remember, carmax is circuit city. How’d they end up?

@RareGenXer

14 күн бұрын

Great analogy!🤭

@meself4955

13 күн бұрын

@@RareGenXer it's not an analogy. Carmax first started as Circuit City.

@moochiezpitt

8 күн бұрын

Never happen. People love Carmax.

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

14 күн бұрын

Oops, you used bloodbath, correctly

@ShotgunWizard

14 күн бұрын

Those prices are ridiculous… the market will crash and they can only blame themselves, they created that situation

@diegoharo7943

14 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

14 күн бұрын

😂😂😂😂

@diegoharo7943

14 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

Check the tires on cars at carmax they are deterioriating from not moving

@chasstiles7611

14 күн бұрын

Definitely gonna have flat spots

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

6 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.

It's almost like nobody wants to sell cars.

@fovarberma752

14 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

14 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

14 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.

I am so glad i got my old 96 ford truck..

@EMichaelBall

14 күн бұрын

4.9 straight six? Oh yeah

@Johnny-yx2qx

14 күн бұрын

You paid for a new car and more just in mpg difference

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 .

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!

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

14 күн бұрын

They painted it themselves

@jorgetech2985

14 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

14 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

14 күн бұрын

@@jorgetech2985get a real job

@bluewffl8472

14 күн бұрын

​@@JoshJones-37334stop thinking yUr''e elitist....dum**uck

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

14 күн бұрын

their

@saulpulido9937

14 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 😅

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

14 күн бұрын

Which state & city are you in that they are doing this please?😊

@ppg19782

14 күн бұрын

Under invoice??? Facts please numbers of invoice and MSRP....dealer fee???? Ty😎😎

@MattPSU02

14 күн бұрын

@@ketoauntie7301 Philly suburbs

@Johnny-yx2qx

14 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

The EV side will be interesting as people don't want them for the limited range and time to energize up.

The auto industry needs overhauled.

@f1champ551

14 күн бұрын

For me, the 25 year Import rule and the Chicken Tax for light trucks or so, HAS TO GO, NOWWWW.

@airbourne2

14 күн бұрын

The weird thing is, that's what Carmax, Carvana, ... were supposed to do.

@Bill_v1

14 күн бұрын

@@airbourne2 It's going to take Chinese vehicles. Hard to compete with slave labor.

@SunofYork

14 күн бұрын

@@Bill_v1 That is right wing propaganda

@harryireland1935

14 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.

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!

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

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.

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.

If I can't see a reasonable price on the sticker there is not a further conversation.

Wow you actually explained to ppl who doesn’t get sarcasm, that’s nice

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.

carmax is stuck in 2021 and 2022 with the prices.

That toaster joke made me pause your video to stop laughing. I didn’t want to miss anything lol

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

11 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.

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.

😂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

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

14 күн бұрын

Still plenty of idiots buying at these insane prices because "truck." I work with a few of them.

@pmscalisi

14 күн бұрын

Texas is a rich person’s state like CA and FL, so I would think the market would be different.

I subscribed because of your blooper reel at the end. But great content and info. Thanks.

@carquestionsanswered

12 күн бұрын

Awesome, thank you!

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.

The last new car I purchased cost $10,000. The prices of those used cars are pathetically high.

@diegoharo7943

14 күн бұрын

What car did you buy and when?

@MattPSU02

14 күн бұрын

Oh come on, when was this? The 80s? Even econobox cars like a Toyota Echo cost over $10k in the 90s.

@kuebby

14 күн бұрын

I hope you like your 1998 Mitsubishi Mirage.

@Thisisjustname

11 күн бұрын

This has to be a lie. My first car was a used accord in 2008 that was still $13k

@kuebby

11 күн бұрын

​@@Thisisjustname It's either a lie, 40 years old, or he bought the absolute bottom of the barrel 15-20 years ago.

Your ability to regurgitate the same content in every video amazes me

@Bill_v1

14 күн бұрын

Yea, I'm watching every third video now. I respect his foresight, but it's getting pretty repetitive.

@jorgetech2985

14 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

14 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

14 күн бұрын

@@jorgetech2985 Hmm. KZread instantly deletes my replies. Interesting.

@Trek2539

14 күн бұрын

It's like the stimulus check updates of 2020

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.

this makes no sense.. who can afford a 40k used car? I am lost for words!

My local Toyota is charging way more than 3 years ago, but dealer incentives are only $300-700. That's not a discount.

It's a liberal policy car market. How are you liking those gas and food prices?

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.

I have already noticed used car prices dropping. I need a new car.

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

14 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

14 күн бұрын

2014 ford transit with 263000. Diamond hsnds.

@fivestarlimos

14 күн бұрын

Love my Lincoln towncar now 500k and keeping it until 1 mil😂😂

@dwighterickson6121

14 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

14 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

Here in Kansas city I just saw a small used dealership taken in about 8 brand new Lincoln SUVs

@davidfmcdonough

14 күн бұрын

That speaks volumes about the state of the market! The new trucks aren't selling, the dealers are dumping them!!!!

@khiaraslaw

12 күн бұрын

Dang another load today

Cars are making less and less sense every day. The costs of new and even used vehicles are starting to outstrip the benefits. Insurance, thefts, gas, and skyrocketing maintenance are just out of control.

Another great show! 👏👏👏👏

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

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.

Great content, Brandon

Can you touch on work vehicles like splinter vans. And cargo vans. Work vehicles in general

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.

Last time I drove past Carmax lot it was offerflowing but yesterday drove by my carmax un Tyler Texas,was almost empty (humm)

@audhauwidh

14 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

14 күн бұрын

They have dealer only auctions, so yeah, they can disappear quickly after auction days.

@Blackhomeking12

14 күн бұрын

They dumped them all at auction 😂

@Cptboss

13 күн бұрын

It depends on the day of the week

I was actually looking at that M2 and was wondering what the deal was. Thanks for the heads up.

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...

If they go under, where do all their cars go? Auction?

@timewa851

14 күн бұрын

sold to dealers who manage to stay afloat.

@dwighterickson6121

14 күн бұрын

Boat anchors maybe

@ChaoticDave69

14 күн бұрын

They are not going under

@MattPSU02

14 күн бұрын

They literally own and run dealer-only auctions, so yeah.

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

14 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

14 күн бұрын

get bmw to order one for you

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.

Thanks Brandon 👍 can I get one of those toasters with the purchase of a car? That Ford raptor is a gorgeous machine

Yeah, I'll keep driving my '19 Rav4 Adventure with 31k miles for another 10 years...

Im keeping my 18 is350. Till it dies. Currently 110k on it and still running strong AF.

8:55 Having that GT350, on a carmax lot, is a crazy sight.

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.

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.

Why do you think the cfo and ceo dumped a lot of there stock a year and half ago. They new this was coming.

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

I was listening to Danielle di martino booth. She said Americans are settling their cars on fire to get out of the payments.

if i had a 73,000 vehicle, id have to live in it lol

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.

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. 😊

I saw a Carvana truck with a I'm pretty sure was a repo Charger. It had the signs.....

They aren't listening to their customers. Everyone doesn't want a completely loaded vehicle with a bunch of stuff they don't need. I want windows that roll down, standard transmission in a stripped down vehicle.

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

14 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

12 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.

Good info. Just because CARMAX paid too much for their POS cars, doesn't mean I have to non-negotiate.

Car sales had been steady, when each new model year price was increased by 2.5 - 3%. Then dealers started adding market adjustments and people were still buying cars. The manufacturers wanted a piece of the action, so they built up new car pricing by 11% each year.

How many signals of the car market collapse can there be before it actually happens... 🤔😂

Cash is King times are coming ))

@anotheruser5654

14 күн бұрын

More like silver and gold is king times coming.

@soundmind192

14 күн бұрын

The dollar will lose being king of the hill. Use it while you can and exchange extra dollars for gold and silver.

@jjohnson2560

14 күн бұрын

Gold silver all the way

@fivestarlimos

14 күн бұрын

More like Ammo is the King😂😂

@RomanVarl

14 күн бұрын

@@fivestarlimos that may come some time later )

I love the bloopers!!

Its starting. My local Ford dealership has 13k of XLTs with 1.9 percent financing with no payment for 90 days. However, it does really help when the XLTs are about 20k overpriced.

People with full times jobs cannot afford used cars that have been sitting for months or years. This world is so broken.

@maryiced3931

9 күн бұрын

People in this country are broke. If you got any salary increase it went out the window due to inflation.

We are broke and have no credit.

@653j521

14 күн бұрын

Save your money and build your credit, like every generation before you.

@halslusher6030

14 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

I just bought my daughter a 2011 scion, 150k miles for 5k. So far it’s running great, not bad for her 1st car.

Because of theses insane prices, I think people are figuring out that cars have become a rip off. We sold our second car and carpool.