CAR DEALERSHIPS ARE CLOSING, So I'm Buying Their Cars!
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- Опубликовано: 26 июн 2024
- CAR DEALERSHIPS ARE CLOSING, So I'm Buying Their Cars!
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 
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What the hackers should do is make the dealers give back all the money they extorted from their customers.
Agreed I go a step further have them give back all the taxes we paid over 30 years of working for a complete and utter fraudulent central bank system payable only in gold or silver coinage
Yes let's make them to give back all the money they got from the bailouts
Isn't that called "extortion"?
Exactly 🎉
Uh, what about 3 to 4 wars?
Internet scammers scamming dealer and auto repair scammers, who would have guessed?
New Car Dealerships got too greedy. I don’t feel sorry for them at all.
U do know the dealership hires a lot of people that depend on them. Most of the work is warranty work and that doesn’t come out of the customers pockets.
@@iati6294too bad. So sad that their employers got super greedy and f,ed themselves by f,king their customers are here now. NO SALE,,they deserve it
@@iati6294oh well
Yeah ! just car dealerships are greedy ! Welcome to capitalism !
@@iati6294 Hitler hired people who depended on him too, doesn't make it right.
Crazy to think the world wants a digital currency!! Just imagine how that’s going to work out !!
It's going to work the way they want it.. full control of the sheep
People are completely stupid. Digital means that delete equals profit for them and zero for you. You ever drive near an EV charging station with a generator fueled by diesel engines behind the building gives it such a special meaning.. kind of like the green movement raving about clean energy but getting ready to light up Fourth of July nothing like the smell of powder I guess?
Digital means they want us more dependable of the web and electricity. All it takes is to mess the power grid and end of the story
@@duhg6059no it won’t with hackers kicking their chops.
Corrupt democrats want digital currency, the people that see right thru their shit want nothing to do with it
I haul cars for a ton of dealers in NC. All my big dealers are shut down but my small lots are killing it right now.
I went to a car auction in Pennsylvania with my buddy he has a car lot . I bought a 2018 ford f350 with 30k miles on it for 7k. .. I was shocked.. trucks are selling cheap at auction today.
*Score!!*
Bruh
What state
PENNSYLVANIA GEEZ
No, fake news. I got a real lambo for $5.
Your transparency is refreshing..thank you. :)
It doesn't take long to do the paperwork to sell the car. It takes forever when the greedy SOB's trying to sell you all of their warranties and paint protection BS
Happened to me last week, just momentarily because I took the extended warranty forms off the finance manager’s desk, ripped them crumpled them up and threw them away in his waste basket. That got the ball moving forward!
So...when I question a dealer's "excessively high" Doc Fees and they tell me it to pay all those back office staff people...and now we learn all the paperwork is done with one software program. Sorta tells me that there are not all those back off people as all the paperwork is done by a computer! Please explain....
This is a great point you make, these dealers are a bunch of thieves.Thank you for bringing this out
Hey, SW isn’t free for this sort of application. I need to get paid for my work developing software
@@_xyzyz_ Are you the dealer?
The dealer is the one charging the Doc Fee. Do I have to pay a 'Light Fee' because the lights are on in the dealership?
Are you the developer of the software?
Do I have to pay a 'Windows Fee" to the dealership because the developer of the software used Windows?
Does the 'software developer' directly get $$$ for every 'Doc Fee" paid for each car purchase?
Dealer Doc Fees are nothing more than "pure profit (ripoff) for the dealership as they keep every Doc Fee $$$ collected!
Nice try....
It is COMPLETELY UNFAIR that regular people can't buy these "DEALS" for themselves. Price gouging by dealers is one of the big reasons this is a problem. Regular people need AFFORDABLE CARS.. not $100,000 TRUCKS. CARS... Regular CARS... People are LOCKED OUT by design of these dealers. It's all BS.
The left will always be happy that you can't afford these things.
I find it immensely stupid that dealers don’t have a paper backup system in place in case there is the failure in computerized systems
We do but it’s limited. For example, if I repair a car under warranty, I have to clock in and out in cdk for Honda to pay me. Honda ain’t gonna take our word and just pay me. Our parts department is feeling the pain because our whole catalog and parts orders are with cdk. Everything is so fast and efficient, going paper is going to slow things down and then we won’t make as much money as we need due to how efficient everything was
@@Oprawindfurytv Then Honda needs to have a backup system. It is foolish to put all your eggs in one basket
Exactly.:)
Few businesses have paper backup these days.
@@brenthood2337 that does not make it a smart idea. You should always have backup systems in case your first option does not work
Feel so bad for these ripoff companies. They may have to work a little. Not!!!!!!
Be careful buying these vehicles at this point. While you might find some at a price you might make money, but if the vehicles are still coming down in price you maybe buying a falling knife. But if you don't load up all at once you might be able to handle some risk. But to get the Vehicles off their inventory and you selling them, might get us a bit closer to the day were where it is back to normal. Best advice is don't make a get rich fast plan because you and the Dealers have to try and survive through this.
Should’ve kept those typewriters. Don’t be lazy because the computer software is down. If there is a will there is a way to work around it
Ironically, I still have a typewriter.
Nice CQA, you deserve all the best for being honest. Sit tight, there's a a lot more inventory arriving!!
Hey Brandon. I live in York, SC about 35 miles from Charlotte. I understand that you're located in the Charlotte vicinity . Can you share with me the name and location of your dealership? I'd like to come and see what you have on the lot.
Solid video. Thanks for posting up Brandon!
Thats actually funny - they lose 25% of sale days, and if customers avoid buying prices will go down. Let hit em lol. I am in the market so that works
As a part time commercial driver for Auto Zone, I have witnessed our commercial business increase over the last week. Been to several dealers over the past couple days and have not had any trouble obtaining parts.
Crazy times in the new car market, but a good time for small dealerships like you guys. I enjoy the videos you do about the the state of the car industry. God Bless You and the family Brandon!
Brandon, Brandon Brandon please please please be careful. I am in the state of New Jersey where people believe they have the “right” to drive a nice/new-used OVERPRICED car/truck (ask Ray (Ray/Zach car edge) He’s in ventnor NJ. I’m more north. Used car Dealerships that went for the luxury used car buyers are crashing all around me. You are so safe being in that $5000 and under price range. Be careful/cautious expanding I don’t want you to be another statistic….
I agree
He is repeating what a failed dealer is doing it’s like he doesn’t see that their future is his future? The dealership is him in the near future. No buyers do to outrageous costs both in the balloon price from the vehicles and the balloon prices that follow suit In insurance and fuel costs. The automotive industry has become a whirlpool of money draining, people just don’t have that kind of money to give it away anymore. Adios …..
Big Dealerships - stop screwing your customers. Maybe it will stop.
Brandon, awesome report again 💯
Thank you!
With the new van - vin error !!!! - that’s huge!
I personally take a pic of the vin of the vehicle I drive and cross reference it against the paperwork EVERY TIME- and I’ve been told that’s absurd.
Now I know, it’s not absurd , and I’ll continue doing it.
Years ago, my father bought a Dodge Dart and the Title logs it as a Duster which is a completely different car. The DMV at the time would not change the title because that is how the manufacturer registered it. The VIN was messed up at the original time it was registered for sale.
2025s are coming out now. That should push prices lower.
Hackers code of ethics. If hackers stop giving data back people stop paying ransoms.
I like the video and WOW amazing TY so much ,,Keep up the great work
Thanks for the update Brandon.
To all the people stating they should have a had a backup. That doesn't work in this situation. The car software market is utter shit you have 5 choices and they all suck except for Reynolds and they are just expensive, but work. All the DMS systems require a monthly or annual license fee and hold all their data. Knowing how cheap dealerships are you think they are going to pay for a secondary DMS? Also, how do they sync the data? Its not a a one to one. Autosoft isn't going to allow CDK to have an on going sync, they do one times when a lot changes DMS vendors.
Also paying the ransom is dumb, a majority of these attackers will turn around and do it again or a another team will go in and do it because they know the business pays out.
Great news... New car dealers are going out of business and our bankrupt they are crooks.. need a new model of buying cars maybe from Costco Walmart Target there will always be plenty of independent mechanics around to fix the cars so that's not a problem... The American people do not want nor do they need the traditional new car dealerships It is a horrible experience You're dealing with criminals and it's got to change Hope all the new car dealers go the way of blockbuster video
Keep the good content coming!❤
My wife saved her entire dealership branch with her ideas to get around the Cdk cyber attack. Hoping for a promotion for her haha
You'll be lucky is she gets a $20 gift certificate to your local grocery store. And really, screw the promotion unless it comes with a bump in pay also. A nice bump in pay.
Today is the perfect day to let a dealer know you would buy a car day after tomorrow. If you get a really , really big discount.
Then just wait.
I purchase Subaru Forester, and 0 evidence that software was not operating. The sales person and the f&i person
acted like 0 problem, and I left with envelope fill of agreements, disclosures. This dealer was actually open and
transparent, and a fair deal. Those dealers that lose from their own actions and chase money out of showrooms.
Car dealership did this to themselves. Greedy. Greedy. Greedy.
Love reading comments from people that are clueless ! New car prices are instituted by the manufacturer, used car prices by the market !
Welcome to capitalism genius EVERYBODY is greedy .
Go buy ANYTHING these days you're getting screwed that doesn't mean hardworking families should suffer !!!!
Another Indian H1B success story.
Sounds like CDK is about to go out of business.
More than likely, over the coming months they'll lose enough customers that they can't make a profit and then Cox Automotive will buy them out and force all the customers over to their system.
Not only That,but imagine the lawsuits
Always negotiate in percentages off MSRP, so you can keep your deal understood.
Dumba$$ dealerships should have a 'backup' system to use for situations like this. Piss-poor planning=poor performance.
Boo Hoo. Dealerships closing. You can sum it up in a word…. GREED.
This is the problem with cloud based systems. If they had the software installed on their local network they would not have any interruptions.
I am curious as to how some of the new car dealerships stay in business with low sales and now no sales. The amount of money needed to just keep the lights on at a dealership each month must be large. I would say that some the dealerships must be bleeding major cash just to try and stay open.
The systems are down for 50% of car dealers, but according to Ray and Zack, they are still putting people in cars. They are completing all the paperwork they can, they're using dealer or temp tags, the customers still drive off with the new car, and they'll return to finish paperwork once the system is back.
Imagine if the dealership report it stolen like Hertz did just to get some insurance money.
Brandon, buy a car for me. It is amazing that you are out in the open on how you do used car sales.
"Cyber attacks" more correctly would be called "ransom ware" where your database gets encrypted and you need a decryption key. Not really crazy that there is a negotiator that deals in ransom.
Got to love 'Single Point of Failure'.
I own a car dealership in Australia, selling new cars and trucks, we’re killing it here… I can’t get enough new vehicles, waiting lists are still 12-18 months…. Obviously very different to the USA…
I bet money that someone at IT or cybersecurity warned the higher ups of the vulnerabilities at cdk, but those dumbasses didnt listen.
thing to also remember is not every new car dealership uses this software.. each franchise has the choice t ouse their own DMS.. some chose this one, others use different ones.. in my local area there are dealerships affected but not all.. we have several hyundai dealers.. 2 are affected, 1 is not (business as usual for them).. same the CDJR.. the franchise I typically buy from is not affected but 2 of their competitors are.. think about this when getting your car serviced for your summer vacartion.. if you need it quicker you might need to call away from your "home" dealership
Thanks for the permission Brandon.. 😜
And they want to go cashless society we are trust government no cash cash is King 👑👑
CQA i have been driving around my city, and recently my home town and the used car lots are bare. I won't name names, but the place where I bought my first car routinely had 100+ vehicles in stock. They had less than 20 when i drove by a few weeks ago with the cars spaced out to hide all of the real estate.
Old school here started sales in early 80s and have learned to sell on paper and still do car sales on paper never used a computer to do and auto sale
Went to my dealership today, live in a state that requires yearly inspections. The sales floor had2 people in the process of buying cars but the service center was hopping. I just realized that I received a hand written invoice but the process took less than 2 hours, so I’m not mad.
The one thing I am concerned about is my information would really like to know if once again my info has been compromised!
I've been calling many dealers lately for a new truck. I've seen probably the biggest drop here in June. I'm seeing Nissan Frontier's selling 4-5k off msrp. I'm also seeing, for example, new well equipped Dodge Ram 1500 Big Horn v6's go for 50k (after 12k off a 62k msrp). Granted that's still way to much for a "v6" Ram but my point is things are coming down. I'm going to continue to wait and like you said, negotiate really hard at the end of a month.
This is effecting the VW service department as well. I was told that my service could not be done for 3 to 4 weeks. All tickets are being done via paper and pencil.
Thank you very much.some dealer ripped off the customer.😊
I bought two Mazda Ct-50’s Saturday and I spent 8 hours at the dealer
Please tell us the mileage on all the cars you buy! Thanks, great channel!
Nervous for you on that Focus. Better hook up the scanner and make sure nobody erased the trans code.
The last two dealerships where I bought a couple of car's from is now out of business.
I was at the dealership 7 hours. I haven't had a car for 5 months so for me the search had to go on.
One of my past jobs was doing that. It's a little crazy.
7:53 A company that doesn't have terrible cybersecurity has backups. They had to pay the ransom because they were unwilling to pay security/engineering professionals to have mitigations against such an attack in the first place. Ransomware negotiator is a job that exists because business leaders are incompetent and don't see any value in having secure systems until after it blows up in their face--cheap out, find out.
Oh so they need the software to print out these lengthy contracts with hiddem fees and stipulations attached. They don't like plain and simple.
Brandon; You are in the business and didn't check the VIN against the paperworh before you left the store ?
The reason DMS systems are so "far behind the times" is the sheer cost of writing one from scratch AND the complete lack of enough money to pay the salaries needed to acquire the talent to design, write, and test hundreds of millions of lines of code. I knew the owner of a small DMS system that was technically one of the best most advanced systems out there, but the large dealer groups and manufactures conspired against him to keep him from being able to sign up new customers. I know a LOT about this topic and IMO a new GOOD DMS system will likely never be written--there's just not enough money in it and a lot of the great software development expertise with dealership domain knowledge has retired or given up and moved on to a different career.
This is good news
I do auto parts delivery and most our customers are hand written invoices to costumer order has gone down because of that
Car dealerships are so greedy they decide no to spend in a paper back up, now they paying dearly.
So CDK didn't have their systems backed up to the point where they could just restore the whole system from a point in time before the intrusion occurred after fixing the security hole. There are so many companies that cheap out on security and security training and this is what happens as a result. My dealer did contact me this week about a purchase so they might not have been affected. I think that they have their own system but I'm not 100% sure about it. At any rate, their inventory and service systems are up. They have a rather crappy online system so maybe they built their own.
What kind of mileage do these vehicles have that you’re picking up. Would they be high mileage vehicles around 100k-200k. Maybe more???
Brandon, it's good to see you making content despite your earlier message of needing to do less. I love hearing about the cars you're buying and the prices. You could have saved 16 mins of your time with this video. We didn't need the recap of the CDK mess, and we already know that some dealers are hurting. If you still need to reduce your time and content, please consider just showing us the auctions and the cars you're getting - save us from the editorials.
I am a cash buyer ,with ep pricing and the Florida dealers take 4 hours to deliver my truck, now with their system down its gotta be a c--p show
I just bought a truck last week. The dealer handed it over to me the second I signed the paperwork.
Hackers need to uphold their reputations too.
So because the income loss could be blamed on software being down because of a hack, the loss of income is now claimable on their business insurance. Cyber liability insurance is recommended for larger businesses. It helps cover financial losses due to cyberattacks or other tech-related risks, as well as privacy investigations or lawsuits following an attack.
The trouble with insurance these days is if you put in a claim they cancel you !
Will new cars at dealerships ever hit like 50% off or anything close to that??
Missed a chance there at the end too plug your buddy Ray/Zack
Are those 2013 honda pilots that you sell a lot of reliable and what are the common problems that you see? Thx
Where is your dealership located?
Weird he says no one is showing up to auction. In Nebraska the IAA auction was today and those x cars are selling for high prices.. wrecked and salvage
So you are repeating their bad behavior? If you don’t see what is going on here you are seriously in the same path. People are not buying because it’s just not affordable. The insurance and dmv fees keep climbing the cost of living leaves people without any money left. These vehicles are just way overpriced and so is the illusion of owning anything in this country. People can’t even keep up with rent or mortgage let alone get into more debt by purchasing a car that’s really 18,999k at 46,999k with an inflated Apr of 6.5% that adds another 15k to the sticker without counting, fuel that is also overpriced. The repairs and insurance rates have all ripped people off and it’s just not affordable. They let Biden come in and destroy the country everyone in his administration takes advantage of his lack of experience. 6.5% with good credit imagine bad credit 17%~27% loans on Apr ~ regular people and smart people are not going to giveaway their money these vehicles are just not affordable and they aren’t an investment.
try 7.5%. yea so many in here just fof clicks and views for their you tube pocket. they are not closed. you will ride with temp tags
FDT and his fools
Love this
dude. Definitely in the KNOW.
I wonder how big of a windfall this might be for Reynolds & Reynolds. How many dealers are looking into converting to their DMS at this point?
They don't call it ransom ware for nothing.
I just subscribed, essay.
Back in the day when you did day end back up on floppy disks far superior to the system now
This will totally screw up their end of quarter sales
It doesn't matter, as long as the VIN matches my paperworl and I'm happy with the purchase. If they screwed up, to my advantage, say a higher trim level, all I can tell them is "tough shit".
Let me explain: dealers, at all levels, have perfected the art of deception. So when a customer scores big, we all yell "Hurrah" for them. Car salesmen and their "pitches" are all considered bogas. I admire your efforts at transparency, but it isn't "catching on" very much. The slimy aura is hard to disspell.
14:00 - so I'm guessing body shops are starting to have cars stack up waiting for parts.
This channel should be much bigger!
Relax, it's growing.
Same videos all the time. Yawn.
Not the main channel
No, with clickbait heading it'll be gone soon.
It make you wonder that these dealerships don't have cyber security in the dealerships and only one or two connected to the out side someone was probably looking at tic Tok or shopping at one of these Chinese sellers and the whole system got hacked
"was probably looking at X-tic Tok or shopping at-one of these Chinese sellers-X *p0rn* and the whole system got hacked." FTFY.
It wasn't the dealership, it was their upstream primary DMS vendor.
I always love how these dealers are going sue CDK.. so CDK goes belly up then what do they do.. all the money they spent to get on the software is lost...; they wont get any of the lost sales back, they will have to start over with new software.. getting sue happy is sometimes something thats knee jerk and their "wish" to get lots of $$ is not likely gonna happen
God forbid they have to write up a deal manually....sad we've been crippled so often now days by " our systems down".
It is 3 PM on the 27th. The dealership got their self into this mess and how many times they’ve ruined peoples credit like when people went upside down 2018 2008 they got out bailed out if it was us it goes against the credit, they got a free ride. We don’t get a free ride and they try to soup you up and put you in something that you can’t even afford they make you think you can and you can’t appreciate what you’re doing. I would never buy from a new dealership, they sold me they sold they sold me 2×2 different dealerships deserve good luck😂😂😂😂
Cyber Block chain technology the future of financial security.
This happens often enough that companies can now buy Insurance to cover their loses.
They weren’t selling cars anyway
It's absolutely absurd that they can't carry out basic functionality without access to computer systems.