Dealers CAN'T SELL Their Cars Anymore So They're DUMPING THEM
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- čas přidán 9. 05. 2024
- Dealers CAN'T SELL Their Cars Anymore So They're DUMPING THEM
In this video you will get to see what car dealers are actually paying for their cars and trucks at auction!
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices - Auta a dopravní prostředky
Lol, $24,000 for a 4-runner with 100,000 miles, what a rip-off
Only a fool would buy
But someone will buy it
I remember the days when you couldn’t give away a car with 100K miles.
the seller said no, wanted an extra 1k 😂 now it’s going to run for like 4 weeks and not come close to 24k again.
Because of reliability. Older Toyotas are in high demand
Let the dealers BURN THEIR MONEY... I'm not buying..
Yes sir yes sir
Yes….we all sit on the sidelines and inflict the amount of pain needed to get these predators to bring pricing down …..down 45 percent
@@LK-bz9sk lmao you poors can rally all you want, biden lied to you. inflation is real and your money is worth considerably less thanks to it. auto sales have gone up in 2023 and 2024, everyone else is making more money while you're whining about how poor you are, pathetic.
@@LK-bz9sk 75%
@@LK-bz9sk Now if we could just do that with houses.
They aren't "dumping them" as they are still overpriced. They are only deciding not to scam consumers as much as they used to.
They are not deciding not to scam. They are being forced to.
Dealerships are making less money than they used to even though sales ok. This is goes way deeper than greedy dealerships.
@@m14lvr Dealerships only have themselves to blame for destroying their reputations and gouging customers. Car makers can get by with fleet sales so it's really the dealers that are in the biggest trouble. Dealers are making less because now they can't get away with dealer mark-ups and at this point consumers aren't willing to buy unless they get cars BELOW MSRP! It may go deeper but dealers are in their own self-induced trouble.
They will never stop doing that. That’s the whole idea of capitalism they haven’t abandoned that. If they aren’t doing that as much now it’s so they can pick it back up in the future
When buying a car, I always look at the tires. The way I see it is that if they couldn't afford a set of decent tires, the car probably wasn't maintained properly.
Tyres not tires 🤦♀️
Casings not tyres or tires.@@joanneburford6364
@joanneburford6364 he spelled it correctly 🤣
@@joanneburford6364tires is the correct spelling not “tyres”
@@joanneburford6364fo real 😂
Manufacturers are just choking on their own greed. 😃
Exactly
Hope it gets even worse
GM sold 594,233 vehicles the first three months of this year. They are choking on money.
@@lot2196 GM has numerous brands under their banner; divide that number between all the brands. And I bet your number includes fleet vehicles as well
@@lot2196 GM also usually sells betwen 2.6 and 2.9 million cars a year. Your numbers would be around 2.4 million at those rates.
I bought a 2000 Toyota 4Runner w/37,000 miles in like new condition at Manheim Auto Auction in Anaheim, CA. I was literally bidding against one of the largest Toyota dealerships in the country. Their rep was disgusted when I won the auction at $13,500. I put 250k miles on that truck and sold it for $6,500 in 2013. Best vehicle I ever owned.
Nice!
you are mistaken you could have eaily put 500k miles on it.
@@user-hd7uh9ed8p and so can someone else, cuz he sold it
@@user-hd7uh9ed8p
Yep, and then sell it for $13,500 for it 👍
This will be going a collectable car in the future just like the old OJ Bronco's 😂
Man I miss mine 😞
theyre dumping cars yet prices are still sky high....got it..
Dumping them? Where? You can see Jeep, Ram, Nissan, Ford, etc with old 2023 vehicles and still asking ridiculous amounts of money. Like a Dodge Ram for $55,000? Crazy
People are still mad about the gouging. I think the dealers are screwed.
@@davidbrennan5 you're correct
I haven't seen a 1995 4-Runner in 25 years. Rust absolutely savaged those things.
I was barely drinking age when that thing was new.
I was 15 😂 Time does fly!
except that one was from the south, no rust.
I'm in AZ, I see them. I just can't believe the rust you all get.
@@seamasrigh2162 ot absolutely terrible. Completely rots a veichel out. And most of it is due to salt.
I choose not have a payment the size of a mortgage for a car
Thank you for shutting the Lexus off.
They may have it running, because its a hard start. just saying!
It's a Lexus, it don't matter
C'mon it's a Toyota with leather seats. It'll keep running even if you forget to put gas in it.
My 2008 Toyota Corolla with 1,100,000 Miles is STILL my daily driver, drove it off the lot with 13 miles in October 2008.
Defo getting your moneys worth!
Yeah right 😂
Do you know much - all costs combined - it costs per mile or per km?
Mine has 345000 still running strong
@@mvc2177lol there are a few out here that have that many miles on them. I bet he’s had to put in at least two rebuilt transmissions tho
I got mail today from the local Toyota dealer wanting to see if I want to trade in my 1999 Toyota.
Remember years ago when dealers weren’t even interested in a vehicle over 5 years old?
Just trying to get you in the pressure cooker. They'll make money on any deal they give you.
The Toyota dealer will just give you an insulting low ball offer on your 1999 Toyota. Tell them to go pound sand.
2 yrs ago I was offered exactly what I paid for my 05 tundra 10yrs ago
@@geraldh.6686that was the golden era for selling used cars. I was offered $11k usd for my 2014 honda accord coupe 150,398 miles. In jan 2024 carvana offered $4200.00 with 161,200 miles.
@@geraldh.6686 That was 2 years ago.Different market now
It the catastrophic colapse of the car and truck market there's no coming back from this. Its over its done, its nightmare, dealers ,are going bankrupt, Jeep is selling their inventory for $15 dollars for two .
LOL
Pk
I am hearing about the "crash" for 3 years 😂
Not just dealers but people too. Over here selling Honda civic with 200k miles for 8k
I have a 2003 Ford sport trac and the middle console leather deteriorated just as you showed on the Toyota. I purchased a .piece of leather online, matching exactly the grey in my truck for "drum roll please" , $3. Yes $3. It covered the whole console (so easy taking it apart and removing the old one) and I did it in less than 5 minutes. Makes a world of difference to my elbow 🙂 and the "Look". It is now more shabby chic!
11:40 the fact a 30 year old, piece of shit car is being sold for $2,800 to a dealer thats going to mark it UP is INSANE.
I thought he was being sarcastic. Very dry humor. NOBODY was going to buy that at a lot. Eaten away handles, chewed up seats, etc. Dashboard held together with fluorescent tape. What else is in bad shape under the hood?
They'll easily get $5k and the buyer will be happy. People love the old 4runners
@@raulo19999people can be dumbasses, too
Losing a sale on a Toyota 4Runner over $1,000 that's the desperation😮
Not desperate, stupid.
Yeah, they will regret holding out for that $1k, next week it will be $2k.
No, that proves neither the buyer nor the seller was desperate enough to budge
Yeah, I cringed. 4R with >100k miles, it being a recent model is the only thing going for it, and they just allowed it to rot for another week because $24k wasn't enough.
I love it! This is about the entire auto market reaping and sowing!
I hate to break it to you but if you put a couple slices of bread into a dubious Fiat 500 toaster most likely it will come out totally burnt. And the reason why dealerships are dumping Jeeps is becuase they are nothing but headaches from customers who keep bringing them back to the dealer due to a myriad of defects and breakdowns that plague these flimsy vehicles.
Fix It Again Tony or in Deutsche, Fehler In Allen Teilen (Error in all parts)😁
Except the xjs still on the road 25+ years later!
Too many electronics and doodads on them to mess up..but not flimsy..they are far less flimsy than most non-truck vehicles on the road, at least they have real rails, real axles, real bumpers hiding behind the plastic covers..not just a huge hunk of unsupported plastic on the front AND rear snapped on with plastic fasteners, like most vehicles....
@@dyer2cyclethey’re still junk just stiff junk
Looks like katzskin cover package. That Jeep is proof that given the chance, consumers will make the worst choices
I won't buy any vehicle that has been "modified"like that...stock ones only. People put all kinds of tacky things on Jeeps for some reason...IMHO, those "angry face" grill/headlight modifications are one of the worst....
If these dealers know they are going to lose some money or just not make much profit why don’t they just sell it on their lot for a reduced price instead of hauling it to an auction and losing money or not even sell it?
Fiat = Fine, its a toaster.
Actually it’s….Fuk it’s a toaster?!?
Fix It Again Tony
@@chrisschultz6129 and with the new electronics: Flash It Again Tony...
Failed Italian Attempt at Transportation
Oh you guys just don't know anything.. Fiats in my country are cheap and have one of the best engines that last forever, especially diesel ones.. you just go ahead and pump that greedy system, and pay tons of money for those thirsty buckets.
I don’t know what kind of sick person leaves a car with a leaky water pump running like that. Also they are trying to sell that 4Runner for pretty much dealer lot price in a auction, what the heck are these people thinking
Dude, you overlook the best car. They had a Mazda, especially the ones made in Japan. Perfect.
If it ain't a V8 swapped Miata, it ain't worth poop
@@sarahstephens5966V8s are going the way of the dinosaur
I have a 20-year-old Volvo with over 260,000 miles on it. I paid $4,000 for the vehicle and already put 60,000 miles on it the only things I've replaced is spark plugs and engine coil packs. The car is flawless and if somebody's shopping cart hits it in the parking lot I don't give a damn lol
I'm with you! Still driving my 2001 V70 T5 that just rolled over to 180k. Get asked about it quite often. Turn my own wrenches and recently the soldering iron to replace the two electrolytic capacitors on the ECM board, one of which had gone bad and was causing driveabilty issues. The Driver Information system let me know there was a problem as those capacitors stabilize the voltage on the board.
Many more miles to you and me!
I love my Volvo but when it needs work it cost you money but once it is fixed it is fixed.
Toyota 4Runner built in Japan 🗾. Top quality reliability and dependability. No other vehicle comes close 😊
That's why none of them make it to 300k miles, right?
My former boss had a 4Runner that she kept until it hit about 430,000 miles. Granted, she had to put a new transmission in it at a little over 200,000 miles. She ended up selling it for $6k then bought a brand new one LOL
I remember those, "old, old, old" jeeps. We used that body style in the 1960s through the 1980s, probably into the '90s. I was in the U.S. Army back then.
Yep, same jeeps I was driving in the Army in the early 1980s. The Humvees began to appear (but only Batallion Commanders and such had them) when I ETS-ed in late 1985. We were still issued Viet Nam and Korea era 1911s and M-16s and M-60s. Good times! LOL! (in retrospect).
Brandon, you're a working man's pal. When I was one many years ago, I would have patronized your establishment for sure. Hang tough. 🎉
They ran out of fools to buy their overpriced cars/trucks
and banks to stop lending to them
Actually the banks aren't getting paid back so they stopped lending and do a lot more due diligence. That means the money stopped slushing around so people can't just pay double any more. Huge discounts are coming.
I left Iowa specifically because of rusting cars. California spoiled me. Colorado is loaded with 30 yr old daily driver cars.
You notice you don't see any Ford Crown Vics, Mercury Grand Marquis and Lincoln Town Cars at these auctions after being out of production 13 years?
THEY WERE GOOD CARS! Not this garbage nobody wants.
A lot of these cars are at end of life with 350K+ miles. Ford only sold the Crown Victoria to fleet after 2007 and you had the buy the more expensive Town Car or Grand Marquis from 2008-2011.
Plus I’m sure dealers will have no trouble finding buyers for these cars hence no need for auction.
Damn it! I sold my towncar and have seriously have regretted it the moment I sold it 😩
They were, until the 4.6 replaced the 5.0
Cleetus is sucking up all the Crown Vic’s for his racetrack.
6:08 I had a coworker who said his wife wanted a newer car(the car was old, I had seen it) he was saying "nah, we'll just put some rims on". I had a very difficult time keeping a straight face 😂. I was thinking, how is that going to make it better?😅
Maybe not better but definitely cheaper.
Have you been to a stealership, recently? That husband has taste.
Got to love that 4Runner my man and I love how you left the key in it the whole time you were looking at the interior of it with that buzzer going!!!
50 grand for a truck that’s crazy
These car people are nuts
I honestly believe this is a coordinated effort to eliminate vehicle ownership altogether. this fits in with the 15 minute city plans.
@@redhed9776yup...lol...that's what bidumb wants...
You spam this comment on every one of these videos?
@@redhed9776 your on to something
Jeep is on the nose with customers world wide. Everyone has either been burned or heard stories from friends of them being burned by their dodgey vehicles and appalling after sales "service".
Had a neighbor bring his jeep by, asking what I thought. I turned it over and heard the engine knocking hard. I said "You're engine is toast!" He was like, Yeah.. I kinda thought that. LOL. He LOVED those jeeps! Had two or three of them.
I owned a 1997 TJ. Loved it and it never gave me problems. It had the 4 cyl. / 5 speed. Once Jeep went to the 3.5l they really went downhill fast.
my 2007 Camry has 387k mile and still going on original trans and engine
Prices still high af. I'll just stick to my plan. Rebuild my current vehicles.
Ive got a 1990 4runner, 250k with zero tape & no tears in upholstery.....i guess i dont love it enough 😂
Ford and GM will follow Mercedes, BMW, Tesla and Honda where the inventory is owned by the manufacturer and the price is fixed. They get a commission, delivery fee and servicing.
I have a 1987 Toyota 4runner. it was my 16th Birthday present and i still have it and it still drives just like it used to. Everything is original and not one seat tear. The A/C just quit. That’s the first thing that has broken in over 10 years. there’s nothing built like that today anywhere.
Love seeing that 4-runner show up. I have an 2002 limited model with a 5 inch life and I love the car.
Overall great video, love auction vids but this one was great.
that jeep would be at the dealer for 40k....lol
I enjoy your videos, my 90 year old mother gave me her 2008 Impala 3.5 litre sedan with only 52,000 miles. Runs great. I live in Canada and cars here rot out. Mother's car nev er saw winter and was stored in a garage, like new. I really enjoy the videos on the car market as it's so messed up, Cheers!
Ay man, we can’t blame you putting 1k over price on that 1995 4Runner😂
No sale for the 4Runner ?
Seller is stupid
The market is full of much better 4 runners
Your ‘95 4Runner bit is absolute gold brother. Quality entertainment. We get excited with you. Never mind you didn’t buy it. A tier.
Very good points at the end of the video about the RUST ,I was wondering like who the heck buying these old beat up Cars ,but after u explain it ,make sense 😅
I want a new car without any computers in it, not even fuel injection; standard transmission, manual brakes and manual steering but no; there is nothing like this.
You’re a niche case.
Sure there it, you just don't know where to look. You can order one from speedway motors, if you have the $
I live in QLD Australia. I went window shopping yesterday and looked at a 2022 dodge ram. $259,990 😂 I hope it sits there and rusts.
if people in the salt belt would actually spray the salt off their vehicles once the roads dry, they wouldnt have such a problem with rust.but most are too cold or lazy to do so.
I always do an undercarriage wash when I go through a car wash. Ever since I had my 4WD I always wash the undercarriage. No visible rust.
Seller wants $25k.. what’s he gonna sell it to the buyer for $32k??? lol insane
Yesssssssss almost done for the weekend. Thanks for the video.
Dealers near me haven't lowered prices in a couple years. Ive paid off my truck. I want something newer i am not going to pay the ridiculous prices they are asking.
After retirement my father drove cars part time for a large used dealer that had several locations. They would just drive good used from auction into the rust belt where they would fetch a premium.
The auto companys are falling apart with inflation as well as interest rates
I had a 1993 Lexus LS400 that I sold a couple years ago and it had 201,000 miles and everything on that car worked except for the retractable antenna. It was a beast of a car!!
I think those retractable antennas will always have a limited life span. I had replaced mine on my 1995 Integra and it stopped working a few years later again.
I saw someone today get an absolute score on a 2000 GMC sierra
, it had 77 000 miles and in mint condition, he got it on facebook market place for $1500.
It had a broken brake line, otherwise as nice as can be.
Philly Navy Yard lot is filled to the brim with brand new cars. They even had to put up new fencing up in the overflow lot to protect the non moving inventory. Most filled I’ve ever seen it.
I live in Vegas and although we don’t have rust issues, the heat is so extreme it wears out components easily. Plan on a new battery once a year if you are lucky 2 years
Thank you for giving good solid automotive information! :)
My Honda Accord turned 20 this year. Only had an oxygen sensor replaced. Still runs well.
Things can be VERY tight around V6 engines in Camrys.
No V8, no sale.
That why I still have my 2002 SR5 4runner with 340,000 miles on it...
Great post
Great videos man....unfortunately the dealers in my area are sticking together while being insane. They still blame COVID high demand.
Luv the vids
The kind of money people want for very high mileage cars today is absolutely insane. They are all trying to convince some sucker that cars don't wear out any more. No thank you!
Car prices even at auction seems like insanity to me. 24k 4- runner with 100k
I just bought a 2000 Lincoln Town car with only 70,000 miles for only $3,000, elderly owned, a private seller with a clean title. If that was a dealer, they would probably charge around $8,000-$10,000+ for that same car. I just saw a 2002 mercury grand marquis at a dealership, trying to sell for $10,000 which is a lower valued car. That dealer was so desperate to sell it to me. He even said that he would pay the dock fee. I said to him, "nah" "good luck!"
Do you ever buy off of private sellers? Just seems like at the auctions there are just too many buyers on the same vehicles. Love your video’s brother.
The padded floor cover in Jeep is for sound systems and good noise reduction
That jeep was a real turkey - fake blue “4XE” tow hooks, aftermarket leather - a bastardized base Sport from 6 years ago is unsellable on a dealer lot. That was a generous trade-in for a new lease, I’m sure of it.
Hey just a suggestion. You should bookmark the cars, because often times I see your videos end up watching the intro, but I'm also doing something else and in a rush to leave the house. Meanwhile I want to see what a specific car went for 😆 it's frustrating lol
America's over bro, figure it out already.
I wouldn’t go $5000 for ANY vehicle with 103,000 miles.
They lost their mind thinking they can get $25,000 for an almost 8 year old 4 runner.
I would if I wasn't poor. But it would hafta be like a '71 hemi Cuda convertible with the pistol grip 4 speed manual
23k for a '18 wrangler with 65k is still insane to me. That should be 15k.
I have a 2010 JKUR Rubicon, 55k miles. In decent shape in my area it goes for $20k to $23k easy. Jeep Sport or Sahara models get lifted and look like the more valuable Rubicons.
Sport $35k new/ Rubicon $55k new.
I’m nervous about buying used Jeeps: rear main seal, front crank seal, electronics, user stupid abuse, user improper lift/ gear ratios, transmissions, lifters.
I’m thankful my 2010 still runs flawlessly but I’m thinking of selling it and buying a full TRD Pro Tacoma, lift it and never look back.
Oh yeah: Jeeps LEAK. Roof panels leaks are a pain.
@@brb1050 I know Wranglers tend to have high resale value, I just don't get why!
@@airthrowDBTsomeone is willing to pay that much for it, that’s why.
Those old Toyotas are tanks. Friend of mine still has his 94' Camry that he drove through college while he was in grad school. 400k+ miles and he kept it just for fun. Sits in his garage and still runs when he wants to take it out. I think the only thing that eventually rusted out on it was the muffler.
Love this channel. Its so fast and edited so well. Not too long or short. Your nailing it to keep the viewer glued.
I recall asking the question decades ago when our government ‘waged war’ on our manufacturing infrastructure and middle income earners: “Who are the OEMs going to sell their products to after most of the jobs head out of the country?”
NAFTA started it all. And the deal was bipartisan. Who do you really think benefited from it? What a joke, we’re just seeing the end game.
I’d rather drive an old cheap car. Because then u don’t worry about scratches and where u park, and I love to park right next to people that live to park in two spots
"There needs to be more duck tape." ......that's the hardest I laughed all day. Thanks for that!
Last year, in Dothan AL I came across a 90's 4 Runner around 200k asking $5000. I wanted it, couldn't get there in time. Less than a week - gone. It was the sporty truck type. Not heavy and in decent condition. I'd consider another one. The only SUV I'll look at because you don't see older SUVs on the road for a reason.
In 2018, I bought a Nissan Versa 2016 with
So did I 👍
They could try, you know, dropping the price.
On the '95 4runner, you forgot about the 3.slo head gaskets... 🤣😊
I think what happened with the 4Runner was the buyer realized he way overbid for 107k miles at 24k and then decided to not complete the sale. He was probably thanking God the seller wouldn't move at 25k. I've seen similar 4Runners with less miles sell at dealerships for less than the bid that Buyer put in. He would have way overpaid. Should be sold at about 21k.
Auctions are a scam, the seller can aways back away from the sell! What’s the point of taking car to the auction. If that’s how it works then they should start with lowest price the seller will take and go from there !
Staged bid my guess
how much did the silver f150 sale for next to the 4runner do you now.
When are we going to start seeing significant price drops though? I've been watching your channel and Car Edge for years and the "bubble" doesn't seem to ever burst. I've been shopping for a Ram 1500 since before the pandemic when it was about $38k and have basically waited them out for almost 5 years. So much that I've saved enough to basically buy it cash at the old price now. I want the truck, but I don't need it and I'm sure as hell not buying in for $60k.
That 'truck' sounded nice!
I watching the Barrett Jackson Saturday auction and there has been 2023 Ford F150’s and Dodge Challenger’s go through with very low mileage sale for good money 😎🇺🇸
You gotta look for the hinge corrosion on those JLs. Big issue. Known and discussed all over the forums and FB groups.
My foot - I’m seeing delivery charges on stickers for additional $1,500, packages charges and premium up-charges on lots full of 2023 units.
I’ll wait till the nonsense stops before upgrading.
6:47 no the most common issues with them are the water pump and the alternator. If you don’t count of course the oil consumption issues). Literally have replaced like 2 coils over the years but I’ve replaced probably 20-30 water pumps and alternators in the same amount of time.
I am so glad its over that's all you talk about this is a good thing the car industry is a bunch of crooks.
That custom 2018 Jeep Wrangler with 65k that brought in $23.3k wholesale for $28k...Retail $33k(according to Edmunds)
Good pullback on the 1995 4Runner. That was all the money. 2nd Gens are solid but had plenty of head gasket issues.
That was to help owners decide to V8 swap them.
Thats what happens when the Economy is Bad....car sales go down,always happened throughout history...
ONLY problem with that 4Runner is it had the 3VZ (3.0L V6). In the standards of the world in general it's... not the worst thing ever, buuuut it's not great. It's a pain in the ass to work on, horrifically low on power for the size/weight/fuel consumption, loves to break things that are a pain to replace on it and leaks oil like it's trying to make a James Bond smokescreen.