How bad are cars at wholesale auctions today?
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- čas přidán 30. 06. 2022
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@euroasianbob9268 explains what you really find at today's wholesale car dealer auctions.
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#carauctions #wholesalecars #euroasianbob - Auta a dopravní prostředky
As an auto transporter, I'm seeing my top tier dealers buy units that they would have never purchased before. This puts me in a tougher position to fully document damages before I load it at the auction. They are buying them from pictures and auction descriptions. I had a 2016 Audi A6 with 98k. Black - showed every scratch. That's alot of damage coding and pictures. And the front suspension was trashed. This dealer doesn't buy junk. Now they are buying junk.
I saw an ad from a Toyota dealer that was selling a 94' Geo Metro with 70k miles for $10k. The drivers seat looked gross as hell. I never thought I'd see a dealer selling a 28 year old econobox.
Your not kidding. My local Honda dealer bought a RX8 with a blown engine. That they advertised as not running wanting 10k lol
Really looking forward to the market correction in the auto industry and the real estate world too. Always good to have cash/funds for when a good deal pops up!
Not sure the great reset will allow you the option.
I completely agree; it's going to be a lot of fun
The auto market correct needs two things to happen, supply of new cars being produced to greatly increase to match demand, and the flow of used cars in the market increase. The issue is there will always be a gap of missing cars for model years 2020 through 2022 due to the chip shortage, so for years to come there will be less used cars available because of the lack of new cars sold. I think the car market will take another 5yrs to adjust at minimum, and there will be a distinct gap of newer cars with lower miles, and older shitboxes that people held onto longer because they couldn't get a new car.
@@the_frankc good point. Definitely something to consider. I think the avg car payment in the US right now is something like $700/month. Absolutely insane.
@@MaxSpeedMike Yeah and it's a shame because some dealers are raking people over the coals still capitalizing off their lack of knowledge. The people who are going to get hurt the most are the ones buying 3yr old car's with 50k miles for MSRP when new. In 3 years, they'll now have a 6yr old car with 100k miles and still owe 50% MSRP value on their loan when a 6yr old car should be about 25-30% of it's value, which means they're going to have to suck it up and pay it off, or roll that negative equity into a new car. I've seen people who are buying a 3yr old car like that and 6 months later getting offered 10k less for a trade in when retail is still about what they paid. Some dealers are making an absolute killing
They are incredibly bad. I looked an old odyssey at auction yesterday. When I pulled the automatic sliding door handle to look inside. the door fell off onto the blacktop. I mean it fell the fuck off. I turned around and walked away
Lmao!
Most likely that's a very easy fix
I had that happen on a Chevy venture at the auction
@@kevinbarry71 I see it as a sign of the car in general. Door handles don't just fall off, what other issues might the car have?
@@bwofficial1776 True, and he said the entire door fell off, like in a comedy movie.
Sometimes I wonder when they'll be honest about it and add a "So many bits broken on this, only Hoovie would buy it" category.
We definitely have a few lines at auction that are exactly this! the dealers definitely know too
Purchased a 1969 LTD station wagon for $350 at auction. Ran great. Of course, that was in 1979.
My parents got an 87 Escort in 1998 for $950., Thing ran for years, we got like 60k out of it before teenage me killed it.
Someone needs to do a cannon ball run in an Altima. They naturally drive like crack addicts running to go sell their food stamps. it’ll go under the radar as long as you go triple digits
300ZX is fast
Speaking of a motor swap there was this guy who rented a U Haul GM van and swapped the low mileage 6.0 from that van into his high mileage 6.0 van and put his high mileage motor into the U Haul van. He shampooed the motor and all to make it seem new and returned the U Haul van. They never noticed because they never called him. His high mileage motor ran great but he wanted to extend the life of the vehicle so he did that.
There is no such thing as a high mileage 6.0 that runs great
@@jessicafilopoulos7403 The 6.0 Vortec is pretty much a bulletproof motor. I think you thought I was referring to a 6.0 Powerstroke from a Ford.
@@7477238 agreed. 6.0 LS are tough.
Wish those vans had the 6 2 LS. My 2011 silverado hit 303k this morning. Lol.
Still runs great though.
Speaking on sneaky dealerships, I am 20 years old and I just saved up enough money to buy my dream car. I purchased a 2001 Mustang cobra with only 38,000 miles and two owners. The body and the interior were absolutely flawless. The dealership I went to was asking an extreme premium Price on the car but we ended up agreeing on $18,500 cash. The next day I received the car, drive it to work and back loved every second of it, as I get home I got a check engine light for a fuel cap. I had a really bad feeling that I had an evap leak. Shernoff I had a huge leak, I had engine oil dripping down the pan, I started to have misfiring in cylinder four and the engine started shaking pretty bad. It amazes me that even for about a $20,000 A FORD dealership didn’t even care to service it before I purchased it. I ended up calling the dealership back and told them to come pick up their car and they complied. A lesson to be learned is do not always trust a branded dealership to give you a good car. Make sure you have your car always inspected before purchased. I ended up getting all my money back and I ended up purchasing a 10th GEN Honda Civic SI which isn’t bad but still no cobra…
Ps the dealership was: Palm Bay Ford
A car like that, you never buy from a a mainstream dealer. Hit up the enthusiast forums and check the WTS ads there instead. Always nice examples owned by old guys that kept them garaged. You might pay more but you'll be buying a nicer car too.
you bought a 20 year old sports car and you expected a trouble free creampuff?? That car is older than you. You're lucky the dealer took it back. Stupid and lucky don't often go together; they aligned for you this time.
Yeah, I'm sure you posted this as a warning to others, but I'm thinking this dealer went above and beyond to try to satisfy you.
I'm sure you bought it as-is, with no warranties, expressed or implied (sure ya did, just read the paperwork), and the dealer can't possibly know how long it would last.
Then something (fixable) went wrong with it and you wanted your money back and they acceded.
That's GOOD CUSTOMER RELATIONS there.
Good job, Palm Bay Ford! Most grownups know that you cannot guarantee the life of a vehicle you sell - UNLESS YOU GUARANTEE THE LIFE OF THE VEHICLE. And we know you didn't in this case.
stealer ships alway always buy from private owners and only ones who have all records of maintenance done. still have trusted mechanic check it out
I absolutely love Bob, but this has been happening for at least a decade at car auctions , however thanks for pointing out these auction issues once again , the issues won't stop until enough people realize these scams .
I'm sure it had been going on for many a year, but the Current Year has really brought it into sharp focus so that more people are noticing.
Still, it's good to trumpet that old adage: Caveat Emptor.
Well, its even worse now due to the pandemic and supply shortage. Oh, and the media constantly yapping about how high used car pricing is...
I hope you guys are putting your cars through a psi. A small fee to pay to save yourself from scams and mechanical issues. I’m in Florida and all the auctions I use have a 7 day guarantee.
It's been the last two years, don't exaggerate for dramatic effect.
I've been a licensed dealer for almost 25 years.
@@marcbailey4437 depends on if it is a red lane or green lane car. With green lane you get arbitration rights red lane it's a FU. Most everything is red lane right now.
The joys of a used car dealer! Lol. Thanks for sharing Ed!
Great video Bob. Love your stuff on here and your stuff with hoovie
When the market corrects, people are going to be absolutely buried in a used car.
Bob forgot one thing on buying a car for friends and family: The unlimited time and mileage warranty
Had the same problem once. Bought a 3 series and realized the seller purchased it and swapped in a junk n54 drive train. I just took it back to the auction and lost 2k.
All my other purchases have been good so far. Got some really good camping trailers too.
Pretty much the auction houses are the only beneficiary running a continual legitimate pump and dump scheme on the same problem units.
Bob is a good story teller, of course if you sell cars for a living I guess that's fairly mandatory.
I like how you and me were talking about this the other day at MKSAA. And yes, car dealers are deliberately trying to hide massive problems with their cars right now. We see or every week in our shop
and the cars that have been underwater is amazing
I heard an ad on the radio from a local dealership (which I already had disdain for) yesterday advertising a project car… a car they could not get running, for $2900! Since when do dealerships sell cars that can’t do car things? And it’s a few thousand dollars. What the hell? If I buy a car that doesn’t run I expect it to be less than $500
I'm in the paving industry and I like old beat up trucks that run good for work can't even find stuff like that because they want 25 grand for a truck that should cost 4500 to 7000
And may God have mercy on your soul if you want something not completely beat to shit with 4WD.
You can get lucky as well, picked up an 02 Chevy 2500hd that has 328k on the body but had a new transmission, complete engine including turbo only 50k miles ago done by the same dealership that put it in the auction, it's rust free even and only paid 10k for it, auction had no idea about the work
I put a engine in a 2007 Nissan Maxima cause the original engine was smoking blue…used car dealer bought the cheapest engine they could find…I put it in for 13 hours labor…motor is bad and it roasted the catalytic converters plugging both. Then I do another motor and cats again. Now the motor has cam timing over retarted codes and timing chain slap on cold start. This maxima had cost the dealer $10,000 so far. They still bring it back to us for A/C leak…brake noise…interior rattles….random misfires. Speaker blown…It’s the most expensive Maxima I’ve ever seen. It’s been a year on the lot for them
I love how he tries to discourage people from selling their own cars and also discourages buying at auctions.
Both concepts leave a dealer unemployed.
I call BS
Plenty of cars to buy if you know what your looking at. If some hack swapped a motor on a wrecked car and you didn't catch that when you inspected it before bidding, you know nothing about cars.
If you have a good popular car it’s very simple to sell… may have to screen your buyers a little bit most people are legit buyers I would say…
We love Urination Bob stories around here
You are correct for the auto inspections and the people doing it. I was an inspector for TradeRev for over 2 years. I am not a mechanic or mechanical. I don’t even know how to do an oil change. We just went over it and took note of how it drove. But at the same time , you as the buyer, are buying a car from wholesale. We aren’t supposed to do a PPI on it or anything. That’s part of wholesale. They are “ as is “ cars. It’s not our job to actually go over it that much
100% this. The auctions are sale facilitators, they should be involved in the transaction as little as possible. It's easy to blame the auction for missing things instead of addressing the issue, which is shady dealers. At the end of the day, it's a venue for car dealers to rip off other car dealers. Police within the community, IMO.
I'm a Honda dealer tech who used to go to public auctions frequently for personal cars. I had to develop a routine to efficiently look through a car and be able to reasonably tell the condition in 2-3 minutes of looking. I imagine any frequent auction goer has one that suits them and the cars they look for. I of course mostly buy Hondas, but a good deal is a good deal, irrespective of what it's on.
I also bought a few sub-$500 cars with major issues to fix them. My last one was a 267k mile 2002 Subaru Outback H6 that I got for $325 that needed a timing chain. Drove real nice once sorted. I know most people won't bother with a car that has super high miles, but most of my cars over the years had at least 200k on them (including one of my 2 current cars, a 2006 Honda Accord V6 with 232k on it. I daily it with no diffculty) and I bought it specifically as a project. It was the first car I ever did a timing chain on, so I learned quite a bit from it.
I'd be really interested to see how much of a difference Carvana made the used car market. I just left one of their inspection centers where they are holding 11,000 cars for sale 😅
Because they won’t give you the title lol
I know they have overpaid for a lot of cars in the Florida market and are getting hosed.
Carvana about to lose their dealer license in Florida for not providing titles, you know it’s bad when you get in legal trouble in FLORIDA…
Carvana is run by a dude known for ponzi schemes lol yeah good idea run by a scumbag
Acv is all I’ll use. I buy from local dealers and am blessed to do so.
In the UK because the main car auction group also owns around 50% of the used car market for online sales, most of the cars at (their) auction are either (their) rejects or just undesirable.
Man, I helped a friend's dad out in his garage business back in my teens, and a woman bought 2 cars from an auction. A Ford Thunderbird with a supercharged 302, and a 1968 Mustang coupe with a 289. Both cars barely ran. As soon as I pulled the valve covers, there was nothing but sawdust and tractor oil.
why the sawdust?
@@marclabelle4253 I guess to help quiet down the sounds of the valves. I've heard that was an old trick people used to do when they wanted to sell a car that the engine was about go out.
@@hunterphille1280 I have heard of sawdust being put in a differential but never the engine
@@greggcollins4215 it's been done. People do crazy crap
A guy I used to work for bought a 59 chevy at an auction. Sight unseen. It "needed assembly" and "all the parts are in the trunk" also "runs, drives, stops..."
It ran alright, off the tow truck, and drove until it stopped 50ft away. Pushed it I to the bay, I started tearing the engine down. Sawdust, and gear oil everywhere. Needless to say, shop owner was pissed. But he manged to find an entire power train for it, and we got most of it put back together with "all of the parts in the trunk".... trim pieces, windows, miscellaneous interior bits, taillights, and grille somehow didn't materilze themselves in the trunk. Car was probably worth about 10k when we were done with it, and he spent 15k altogether. Sold it for 8k. Lol...
Awesome video. It gave me a new perspective on the vehicle sales and auction market. Thank you.
A few months ago, I went looking for a truck to replace my Avalanche. Everything I looked at was junk. Looked at trucks at dealer lots and private party up to $15k asking. Everything had problems. Knocks, shakes, and rattles, my father in law and I heard it all. I ended up buying a van from family. It’s not what I want, but I couldn’t see a reason to spend an arm and a leg.
I gave up going to auctions. I use to buy over 100 cars from IAA every year. I've canceled my account with them as they have raised fees to a ridiculous level the last thing I bought from them had over 100% buy fee. I bought a parts motorcycle for $175 and the fees were $180... fucking stupid
Fees and membership higher at copart too. During pandemic u couldn't even look at their lot before buying
@@420villain yep that also really pissed me off. i walked into the lobby (no mask) to go look at a truck, they said NO due to covid. I'm like WTF am I going to catch the killer bug from a truck sitting outside... how fucking stupid. that was the last time I dealt with IAA.
Look at that used minivan Tavarish bought. The dealer that sold it didn’t even bother cleaning out the junk in the interior before selling it 😡
It was probably a trade in that they had in the back lot waiting to be sent to auction cause they didn't want to deal with it. That's how I got my previous car before covid. It was an 05 Camry waiting to be sent to auction at a Toyota dealer but at least they attempted to clean it up as it had grass stains on the floor mats and they pulled a few dents out.
Bob is correct, most used appraisals just go through a check list and maybe a code scan and a quick test drive. The people doing those inspections might have some automotive experience but you just don't know.
You are 100% correct Bob. A couple years ago After my divorce my parents Wanted to help me out by buying me a used vehicle Since I got stuck with her coupe. Instead of Buying a car private party So that it could be inspected in person, They went on an online auction to bid on a vehicle thinking "low miles, no issues". Not knowing at the time that they bought the vehicle for me I commented that they made a mistake buying an equinox Because of their known transmission problems, And wouldn't you know😆 The stupid thing couldn't shift gears at highway.
It was a nice gesture though and eventually I sold it and got myself working vehicle
Great video ..thanks 👍 P.S . I really love that sign in the background ..👍👍
It's always great to get snow story from Euroasian Bob, a great guy!!! Thanks Bob & thanks Ed!!! 👍👍🙂
Many new dealers are keeping older, higher mileage trade-ins, some with 1 or more minor but reportable accident records, especially if their own brand to make money from rather than wholesale them out. It is more likely they are dumping the really bad ones (need major body, mechanical work, are known trouble cars, expensive to fix) to auctions or have used only dealers they directly trade with. For sure new dealers, even some rental companies are fighting over repossessed vehicle, lemon manufacture buy outs, had a major reported but repaired crash willing to pay top dollar as need stuff on the lot. It also means many used only lots are getting really bad cars too often at auctions and try to sell them at top amounts or with 'pay here' financing scams. It is the worst of times to buy a new or used car.
I traded in my 2005 Camry LE last year at a Toyota dealer for a certified used Camry and mine had 148k miles on it with 6 reported and 1 unreported minor accidents, with the unreported accident not being fixed (cracked front bumper). And it needed new tires, the trunk was leaking, it needed a new valve cover gasket ($300), and it also had a broken clock spring ($700) that my former mechanic broke while doing other repairs and refused to fix. I had just dumped $2k into the car with my former mechanic so I just decided to trade it rather than dump more money into it since the trans was also starting to slip when it was cold.
Anyway, got $1,400 for it on trade in and they listed it for sale on their lot a few days later for $5,600 and it was gone the next day.
All that's left at our local public auction is dealer garbage and government fleet vehicles that have to go to auction.
The used car market is very tough and finding good stock of sellable vehicles is a mine field. Bob is absolutely right about all that he describes in this VinWiki piece. Particularly Bob's story about that 1990 Infiniti Q45 luxury car has a brand specific engine the VH41 (not a lot of those out there and the ones that are in Japan or Australia which means the price goes way up). Guys out there trying to make an honest living in this market of speculative inflation and careless people selling garbage at auctions and buyers that don't know anything about cars ("I'm gonna get a deal! tire kickers") bidding up the prices is very tough.
Dealers screwing dealer, I love it 🤣. In the end, new car dealers are just screwing themselves. Selling doctored up junk at the dealer auction just drops their credibility and pricing.
True but dealers can’t help themselves.
@@thebigpicture2032 I think it's hilarious and a sign that we have too many dealers, it's time for some dealers to go belly up.
I use to buy a newer used car as my daily driver every few years - get something with lower mileage that is slightly newer. Really good used cars now are selling for more than the MSRP when the cars were new. I could sell my cars and "make money" (sell them above what I paid for them) but I cannot replace a car with a better car for a "reasonable" amount. For those with a tight budget, buying a good used car is now almost unaffordable. Regretfully this issue will continue until we see new cars again on car lots that can, after a couple years of use, be sold as good used cars. When will "normal" return? Maybe in a couple of years but I think it will be a "new normal" and not like what we have had in the past.
Working in a dealership here, I am the inventory administrator. Sad to see other business doing shady stuff to mask problem.
Here, if a car fail safety inspection, it goes to auction, period.
And yes we are selling trade in car that we would have send to auction before as price for used car are nuts and price for some POS are ridiculous.
People doing the KBB wanted retail value for car. I had a guy with a 2005 Camry, worst $2,500 that wanted more. And came back to brag that CarMax gave him $6,000 for it. well good for him.
CarMax and Carvna where offering ridiculous amount of money 6+ month ago, and the used car market price is going down, and they and some others guys, are gonna take a big hit when things will burst.
I hope things will go back to normal sort of, as it is not a good market for anyone.
The guy with the 2005 Camry is full of shit unless he actually showed you paperwork to prove it cause last year I ran my 2005 Camry through CarMax, Carvana and Vroom and the highest offer I got was $400. Mine had 148k miles so not really that high for the age. The car needed about $1k in mechanical work and $600~ in new tires and a local Toyota dealer only offered $700 even if I got the mechanical issues fixed, I went to another Toyota dealer out of town because they had a car for sale that I wanted and they offered $1,400 sight unseen just based on running the VIN and my description of the car. They listed the car on their site a few days later for $5,600 and it was gone the next day.
So much for Lemon Laws. 40 years ago, junk…was junk! Thanks Ronnie!
the 2014 981S in my profile pic was an auction car. $43k with 40k miles. Put 30k miles on it in 2 years and sold when the market jumped last year for 3k more than I paid for it at auction. Needed a little bit of work but was only in it about an additional 2k. Was my favorite car, can't wait to get a 911 or gt4 next.
As a hobbyist that gets the occasional Copart salvage toy car, fixes it, drives it for a while then sell to make a bit of profit or at least break even, the prices on these projects have gotten absurd. I'm looking at a totaled 370Z right now that wouldn't have gone for more than $5k a few years ago that's already at $5k in pre-auction bidding, and I'd wager it'll hit $8-10k easy on auction day.
It was like that in 2003, it's just gotten worse. I have friends that went to auctions. Some of my purchases they'd be jealous. And they bought "wholesale'' shadier then ever
Props for the Pig Trail shirt!!!
Cheers on the great shirt from Central Arkansas!
20K at 6% is 1200 tax saving if you sell retail and a make 2500 extra you’ve gained 1300.
"Someone is in the green to rebuild it " Paging Tavarish.. Freddie - This one's for you!
Had a dealer try to sell me a used car for more then it was sold for new, they were shocked I didn’t want the deal...
Thirty years experience yet buys a car that has minor damage but can’t tell the motor has been swapped out
Noticed his shirt says pig trail hwy 23 in Arkansas I love that drive we do it a handful of times a year we live about an hour away from it.
Bob is one of your best guests! And nicest!
Al Queda prolly buys the old Toyota trucks.
Daesh bought a plumber's F-250 out of Texas with his name and number still on it. Caused him some trouble and infamy when the news showed his truck rolling around in the Middle East with terrorists in the bed.
As a previous ford technician, we had a general manager who would sell poor quality vehicles at auction all the time. Once he had "honey oil" poured into an engine to reduce the engine knock to fetch "top dollar."
It's all shady.
I’ve always loved listening to his stories, I’ve seen him on hoovies channel but he’s really good telling stories here
How long do you think for the market adjustment to happen?
Regular Car Reviews actually did a pod cast on this listing a VIN for an EV Kia for 38k. Sure enough. Lemon buy back
Someone put 38k on a ev6 already??? They just came out a few months ago
Hi bob. As a new salesman from Canada, it’s been super frustrating these last 2 years finding that diamond in the rough at the online auctions. Any tips on diving in and just going for it? Been very hesitant not to get burned on my first one
Pray.
Make some Homemade Ice cream.
The best thing Bob has ever done solid.
You are competing with all kinds of other dealers that will overpay
Find a car that’s not pretty cosmetically, but sound mechanically. A lot of dealers want a car they can spit shine/basic service and throw out on the lot. I’m having a lot of luck buying cars that needs bumpers painted, maybe a whole paint job, pdr work, etc. But they are lower mileage, clean carfax cars. It takes a little longer to get to market, but my margins are higher because there is less competition for the fixer uppers.
If the previous owner didn't take of it cosmetically, they probably didn't take care of it mechanically lol
I didn’t realize you were only taxed for the difference between trade in value and purchase price…that’s really interesting. It has me thinking of trading my car in for my next purchase…
Depending on the jurisdiction and the appropriate tax rate it can make sense. Also, not having to deal with selling privately has value.
If you've ever worked with a salesmen they didn't do their job then
Never knew it either but never bought from a dealer and there is no sales tax in my state ;)
It depends on what state you live in. In Oklahoma this isn’t the case. You pay sales in full for the price of the sale every time the car is sold.
Ive been looking for cargo vans and it’s been a bit of a hassle going dealer to dealer and seeing only one or two that even then look different from photos on the website
The Manheim auction lot in Lebanon, TN is FULL!!
Love EuroAsian Bob. Telling it like it is!
saw a used rental 4Runner in a Toyota showroom with spray can paint job on tailgate and they don’t even bother to remove the masking tape, and they over spray the backup camera lens how horrible is that. They make no effort hiding it…..
I dont buy cars unless i can see what the damage or damage history is. First one i bought had a slight fender bender but other than that had a clean title and was in good shape. I ended up selling it for just a few hundred less than what i spent on it, so i basically got my money's worth driving it around the past few years. Latest I bought is a 98 rav4, salvaged out but only because it was a theft recovery. No real damage to it and the catalytic converter is still there, so i just needed a $25 key cut and will eventually need a new IAC valve. I look at the damage, look at the history, make a best guess at what the problems could be, and figure what it could end up costing me to fix. If you're not mechanically inclined then buying used or auction cars will get very expensive REAL QUICK.
Curious... With the current high price of gas, has it made Gas Guzzlers more affordable at auction or are they still inflated like everything else?
Probably doesn’t have any affect right now. The people that are in a position to change out of their existing vehicle to get into a more gas efficient new car probably aren’t worrying about gas prices…those people can afford new cars and changing gas prices. The people that can’t afford gas prices are also the same people that couldn’t afford new gas efficient cars so they’ll still be holding onto the same vehicles they have unless they decide to sell them and use public transport.
@@prabeeshsidhu The sales of more fuel efficient vehicles has already increased.
In Florida the fuel efficient vehicles have gone slightly up in price, while gas guzzlers have kind of held steady. I’m thinking that has to do with gas prices only being high for a couple months. If it continues for 6 months or more, it’s likely a correction will happen.
@@marcbailey4437 the price of gas has gone up $2 in one year.
I saw a 2006 H2 Hummer with 140k miles still go for $69k
It's a shame the whole auto industry is like turning over a rotten board in your back yard, new, used , auctions, service, pretty much a total hot mess at every turn.
I stopped going to the Dealer Auction.. prices and Fees thought the roof, I bought a Nissan rogue for $2000 plus fees and it had a bad CVT, I couldn't test drive it until after I purchased it , I was screwed.. on the window it had ( runs great new tires no problems ) , they simply lied
I think in the next year the prices on cars are going to hit the floor.
Did you not see GM has 95k cars they can't even finish because they all need chips? lol
I worked in the car biz. So many auction cars are pure junk it's insane
Cars are so expensive rn omg
Good ol' urination Bob! 😃 He has a hat full of good stories.
Tax credit on trade isn’t a given. Each state is different.
I work at a dealership and their wholesale lot is always halfway full or more. We need a new parts van and there’s one sitting on wholesale in probably better condition
Copart should be closed because of fraud
I'll say it again. Bob is relatable, thanks for the story buddy. 🤘
People overseas are outbidding usa bidders 10 to 1 and have been for the last 3 to 4 years.
I’m sitting on a car that needs a engine, I’m hopes they drop in price, replaced it about a year ago and the going price has jumped 800$+
Car shortage are you kidding me,every used car lot around is packed full but they are still asking ridiculous prices.
So technically a car/truck with a bad transmission can pass through the cracks
A sign I saw at a Phoenix auction last week stated they would NOT arbitrate a vehicle with a CVT transmission that was only shuddering or surging.
Copart car has to only go forward and back for 2 feet = run and drive
Love the Pig Trail shirt, great road
Happy day folks! 🖐🤓
I don't understand - how you are paying taxes when you sell a car yourself? 99% of people are selling their car at a loss.
I looked a 22 mustang gt a few days ago new , they were going to take $5,000 off the sticker. Wasn’t to bad I guess, not good enough but I think we’ll see prices coming down soon .
Dude ain't lying nowadays the car game really hurting right now you can't even steal(get a good deal) a car out the auction anymore covid put a Hurting on everything I fell back from the car selling business until things get better me and a few of my business partners was just talking about how bad things are it's hard to see the game in this state especially when you have a passion for this shxt
Yessir back with a banger
Back not even 15 years ago if a car was 10 years old and over 100k miles it was old junk sold for a couple hundred. Now they want over 3k for cars with over 200k miles.
I used to help my brother with it an I was the one keeping the cars going we have since moved back to NC but if I can help let me know ok
People say my car isn’t worth $2000 with no paint, smashed in panels but guess what find me a car for 2k that has a clean tittle and is running.
So to sum it up in one sentence, you have a lot of experience but most of the time it doesn't matter, but sometimes it does... oh and a 3.5 for a 90 Infiniti is 3000.
"Everybody takes their lumps on that car until the price gets beat down enough to be cost effective for somebody to fix it".....
Great insight! Glad I’m not in the used car market. “Passing the turd.” Makes me laugh, but sorry for the less fortunate that need reliable, used transportation and are taken advantage of.
I hope things go to normal soon
Arbitration can be a joke and really fraud in many cases IMO. I’ve been a professional auto tech 20+ years so I know when a car was sold for a reason. Like a vehicle with a 3.6 Chrysler that has a misfire on cyl 2,4 or 6 you have a 99% chance it needs a cylinder head and the dealer selling it 100% knows that they would never send it to the auction because it needs a coil or injector but that’s never listed when the car is being sold at the auction. Because I have been a technician so long I knew what to stay away from but then what happens is I get cars with very odd issues that I know were traded in because of it. I had a cobalt that had what felt like torque converter shutter but only when cold so I didn’t feel it till the next day but arbitration was only one hour at this auction , I look at the transmission u could tell it was just rebuilt and obviously for this issue which ended up being a maf sensor that was reading what looked to be fine but was just lean enough at highway speed to unlock the converter because it didn’t have as much power from running slightly lean and it wasn’t lead enough and the data looked pretty good that’s why there was no codes. I had a Silverado that would randomly have no power it would last about 10 seconds, stall then start up fine and might not do it for 100 miles or 1 mile. Because it didn’t act up for more than 10 seconds at random it was super hard to diagnose and it drove fine from auction. Ended up being the front 02 sensors. One of my buddies seen me post pictures of the truck and he’s a technician at the dealer who sold the truck at auction. He told me how the customer had it at 5 different shops and then when he brought it to the dealer they only had it act up 2 times and the owner decided to trade it in but nothing was listed when I bought it. I bought a Subaru from one of the online auctions which I had great luck with this auction and when it was delivered the clutch was hon couldn’t drive the car. When I called they said clutches aren’t covered because they are a wear item. I said the car was cheap, red light because of the high mileage and noisy brakes and I could almost understand not covering a clutch after a week or even 50 miles put on a car but the car is sitting in the same spot it was dropped off at because it doesn’t move how do you say the brakes are noisy when the car doesn’t move? They wouldn’t do anything for me. I wasn’t mad because it was a cheap 500 car that my friend was buying and it’s always a risk with crap like that but to not list it doesn’t move? Come on.
Many states don't have trade-in sales tax credit. Used car market is never very liquid in North America.
"If you sell it yourself you're gonna make a few thousand more..."
Went to buy my wife a new Lexus. Was offered a thousand bucks on a very clean, accident free Lexus IS350. Yes ONE thousand. I told them to pound sand and sold it private party for $16,600 less than a week later to the first person to look at it. Also didn't go back to that Lexus dealer.
I only buy from individuals that have full history of maintenance of a car. dealers and auctions a rip off. also never know how car was maintained as they usually have no records of cars life.
Always check the powerplant first its the main most expensive bit to replace. You would have to be mad to do all the bodywork without checking the engine first damn.
Good story i enjoy
Agree, I am surprised they did not noticed that the engined had been out. You can normally see when things has been disasseblied recently, on the bolt and scratches all over the place.
My mom took her 2010 V6 convertible Mustang to get an oil change at the Ford dealership and for six months now they have been trying to buy that car. Yes it is a low mileage clean car but I cannot believe they are making such an effort to buy this car.
I see where this video’s coming from, but actually most of the cars are junk for another reason. Almost all of our true junky cars are either from WBAC, Carvana, or local repos. We hardly have ANY dealer supplied cars these days and are flooded with crappy repos.
Also worth being said we still do have a TON of great running cars w no issues other than the fact that someone couldn’t make the payment