This Just Put The ENTIRE Car Market on ALERT
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- Опубликовано: 27 фев 2024
- This Just Put The ENTIRE Car Market on ALERT
Follow me on X: / cqa_brandon
In this video I show how tax time is hitting our used car lot.
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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Respect for never advertising your car dealership. That means i can trust what you're saying cause you're not selling anything
I agree. I've watched this channel for a while now and have always seen the name of the place edited out.
Thank you for saying that
I don't even need a car but I would buy one from him just because.
Me too .
Loool i need a car in his price range where he @?
"My team does not allow me to do any paperwork because I'll just mess it up."
The mark of a true boss.
'mark of a good boss' there fixed it for you.
@@davidson8939 'mark of a true, good boss' There, made it even better
Lee Iacocca Quote - I hire people brighter than me and then I get out of their way.
Very true
I work in insurance, I sometimes have to bite my tongue when someone calls in for a quote but insist on the owner agent to help them. Sure thing, but he's just going to give us the info to quote it properly.
It's ludicrous how dealers try to sell 10-15 yr old cars with nearly 200k for $10k+. I am in need of a car, but I am no desperate fool.
Buy from a private seller. Dealers are scams.
I finally found a reasonable deal. I researched what I wanted. After searching the big dealers online prices , I tried just doing a Google search . I found a small family dealer across town. Be patient, diligent and be willing to travel for it. Before purchasing, take it to your mechanic, to go over it, with a fine toothed comb. Good Luck...😊 😇
I got a 200k mile escape manual for 2k I've changed literally a egr pressure sensor an it's been killer. Facebook marketplace is decent if you can check a car out yourself
That all they do were I live also! Total BS to good people!
@@petrosaguilar8916That was in the past, now private sellers are much greedy than dealers. They saw prices went up so they ask for tons of money for junk cars.
My tax return might buy a set of tires, but not car, even from your lot. I have to repair my vehicles, not buy new or used. Things appear to be getting worse and worse.
Nowadays it seems better to just find a good reliable model that has a good availability of parts to keep it running for many years to come. The good thing about maintaining a car yourself you have had for years is that you almost become an expert technician with that particular model.
Ditto
Or two trips maybe to the grocery store
You are living the dream in Bidens America!! Congrats!@😂😂
One of my wife's friends got $12,000 back.
Too many people treat their tax refund as free money. We all know it's just an interest-free loan of your money to the government, but it seems like that's the only savings plan they can stick to, then they immediately spend it all as soon as it hits their bank account.
Facts
Unfortunately people don't think that far ahead. They also don't think. Lol
@@motopolak 100% facts. Then they blame someone else....
Thanks for the lecture mom.
re-funds must be nice, i own a new cars worth in capital gains taxes soon
as a window cleaner, I never use a razor blade dry on the glass. It will scratch. I always wet the glass 1st.
WD-40 is even better, it keeps any of the remaining glue from re-sticking.
Remember you sell cars around 5k, 5k cars will always sell well since people need vehicles to go from point A to point B. The ones that will not sell well is 10k and up since those are the ones people will need to get loans exc. If people can pay cash those will sell but the ones that need financing will not sell since banks are not lending.
What most people are forgetting is that rent, property insurance ( on mortgages) groceries and insurance ( on cars ) and everything else went up and salaries have not risen. Priorities were changed not by choice.
@@nello8630Sad reality
I can pay cash for a new vehicle but they are way over priced and loans are expensive.
@@twolfe4295same here. I’d rather keep two thirds of my cash and buy a used car
I had a used car dealer tell me the market for used vehicles past$25k is very small... This was the years ago in Nashville
Forget about the haters bro it’s videos like this be helping a lot of people out Love you bro.
Every time you peel, means you sealed a deal. Work for it!!! 💪
You got that right!
Give a 10 dollar discount for sticker removal.
Also the price range has to be right. I imagine cars over 10k or parked at stealerships are getting less attention. People waiting for tax refunds to buy a car most likely can't afford lengthy term payments and throw most of their cash at once.
The larger dealers don't have almost any cars 10k or less, sometimes not one less than $15k here.
I respect you business model and integrity....I hope your strategy pays off and the greedy ones pay the price...Also you seem to have an excellent team working with you, I wish your team good luck.
If you look at car prices on a bell shaped curve you are normally way over to the left (very cheap cars). When the curve drifts to the left you are busier, but the vast majority of the dealers are going to feel pain.
A no brainer but at the same time brilliant. Move with the market because the market rules. Good for you!!!!!
Back n the day my independent lot Salemburg Auto Brokers would in a normal month would sale about 50 a month. Tax time we would do that in a week. But back then tax time lasted like 6 weeks not 3. As a side note down here in southeast NC in that 8000 or under market dealers are selling cars like candy bars. God I miss thebiz. It was so much fun. Did it nearly 35 years. You preach the truth to the folks. I love your channel.
I enjoyed this different look at what you do throughout the day, made me chuckle!
Glad you enjoyed it
Glad you are selling cars! You deserve success, thanks for another great video!
I appreciate that!
Those dealers saying that this is the biggest tax season they’ve seen, are lying out there asses
They are worse than realtors
...but I'm selling my 200,000 + mile toyotas for 20k and up yo!!!😂
....but I'm selling my 200,000+ mileage Toyotas for 20k and above yo😂
@@kenik2023 right. 😂
They lying, they are probably dealership peasants. Bahaha. Toyotas are not as good as people say, not the new ones, shops are full of them, dealerships to. Tons of problems,just like the rest of all brands.
Thanks man, I'll listen to a guy like you versus what the government will tell me about what's going on in the economy for real!
I wonder how many buyers "need" a "new" car and how many just want a "newer" car?
Most do not need.
Isn’t that 90% of buyers? Those that want?
Some are scared of used cars…
A bought my first car in early summer of big fire blowing smoke from Mexico. My family hand me down car did not working AC and other issue. Did I need or want a new car in a Texas summer?
@chrishenicke2052 And rightfully so! My friend's used clunker is ALWAYS needing some sort of parts or repairs. Meanwhile, we have probably averaged the same costs between my very affordable payments on a newer vehicle, and her downtime from working & cash outlay to repairs 😮 but no one will be able to convince her she should drive something newer
I have been watching you for about a year or so. Info is very informative. My goal is to get a newer vehicle. The reason Y I have not bought any is because of your channel. I am waiting to hear from you the words IT'S TIME TO GO BUY A CAR IF YOU ARE IN THE MARKET TO BUY!!! I'm very patient when it comes to my $$$$. Thanks for the info
Brandon's buddies over at Car Edge are saying wait until Memorial Day, well after tax season, for big price drops. They say to be patient because now is NOT the time. I'd believe it. I just noticed a price spike in 4Runners, which is what I'm looking to buy soon.
Keep up the Great work!! The big boys are swinging for home runs, while you are constantly getting base hits. Great use of your money/investment.
I have to respect the low prices on your vehicles. You are clearly living by your word. ❤❤❤
Thank you.
It's always great to see cool hardworking people like you succeed. I have to confess that I have been watching you to see if prices are going to drop. I've been holding out for at least 6-7 months. I guess it's cause I want a Tacoma that won't break the bank...
End of May. ...mid to late June....keep your eyes on those smaller 'family' dealerships. Good Luck! 😇
Ok, I waited til the end of the video. I have been watching your channel for months (s). I noticed you finally moved that red nissan xterra. Congrats 😊
I can wait till summer, fall, winter. I just keep saving more money. But I have a car and a price I am looking for.
Glad to see you actually doing some real work over there--finally! ;) Great video, Brandon: informative and made me laugh out loud at least three times!
Thanks John!!!
If good honest dealership owners are selling some cars, then Im happy. Congrats brother man on moving some metal and helping some people out who need affordable cars.
One thing we like about Brandon is that he never advertises his dealer. He is the most trusted Car RUclipsr making content. Never change buddy...
And on another note....... Let's Go Brandon
He was honest enough to say about a year ago that if he advertised, he could not keep up with the demand.
Great respect to you and your team Brandon. I love to hear about companies like yours doing well.
Ive been watching cars on Craigslist and offerup for the past couple months. Many cars $5k and below that looked good just flew off the shelves as soon as those taxes came in. Cars $7k -$12k are still sitting there.
I find myself nodding along to many of the insights shared in this video. The notion that indiscriminately buying inventory without discerning deals is currently impractical resonates with me. Given the slow pace of car sales leading up to tax season, it's logical to anticipate a similar trend post-tax time. While the economy isn't in dire straits, it's evident that consumers are prioritizing necessity over luxury, likely opting for purchases that don't add to their monthly financial burdens. This leads me to believe that more affordable vehicles will see a rise in demand, as families seem to be steering clear of commitments that could strain their budgets further. It's a cautious approach reflective of the times, and it's fascinating to see how these dynamics play out in the used car market, as highlighted by the experiences shared in the video.
:) GO Brandon! WELL DONE and THANKS for all you share and Do! Wish i lived in your area, as SO HARD to find an HONEST Person and Business! ALL the BEST and Cheers!
Wishing you and Crew continued success ❤!!!
I appreciate your statement about NOT exposing the location of the dealership.
Much love and respect linked with more Blessed Success !!!
congrats on your sales and hope it keeps going for you and your team
Good on you mate. I enjoy your channel and I’m happy you’re weathering the storm.
Shows where our society is headed. Good positioning and business model 👍
My sister just bought a vehicle from you guys, thanks for the leap year sale :) Thanks Branden and crew!!
Congratulations you have done it
Many business owners never get to that point always appreciate your videos. Thank you for sharing.
You are doing well. Keep up the great work my friend.
I appreciate your insight and info.
As someone that's car died on Christmas day, I've been working really hard to not impulse buy. It's so hard not having a car (luckily I WFH). Last car I bought was 2016. It's crazy how expensive the newer used cars are. Looking at a used RAV4 or CX-5, but man, the used CPO prices make you just want to hold out and buy new. Ugh.
Congrats Brandon on your success. 😎😎👍👍Good luck on selling your vehicles for the rest of this tax season.
Thanks 👍
I'm surprised that no one has picked up that Honda Fit you've had in the background in your recent videos. That's probably the best used car to buy right now in terms of reliability, fuel economy, insurance costs, etc.
Too tiny
@tamjeanell. It’s bigger on the inside, like a Tardis.
@@tamjeanell people buying at these price points should worry about the factors I mentioned above. The fit is large enough to carry 4 people comfortably plus groceries.
@@tamjeanellthe Honda fit is huge and I’m 5 10 I can sleep flat in the back comfortably
Congratulations on you guys selling your vehicles.👍😁🎉
I really really enjoy listening to you even though I probably don't live anywhere is near you.
I spent a couple of decades in the car game from lot-lizard to service manager to selling new BMWs and Volvos and even Winnebago "coaches" for 6 figures + when a hundred k was real money.
The reason you are doing well is simple. Price point.
The potential downside for your customers is the cost of fixing a high mileage beater.
They've already shot their financial wad. And when the thing breaks and the estimate is near what they have into the car - it's over.
And it's part of a plan.
Make hay when the sun shines! Best wishes for continued success!
Good morning. Good to see you again 😊👍
I think u r awesome, I wish florida had an honest salesman like you.
Thank you for not pimping your shop. 👍🏼
I watch your videos and I’m not even in the market for vehicles in the price range of your lot. Currently looking for a widebody redeye challenger and possibly a srt cherokee, but the info on dealerships and pricing fluctuations is useful and interesting.
They will buy from you because you and your dealer are honest.👍
Love this guy!! I would buy a car from him any day.
Brandon, Thank You So Much!
Back in early January, you advised to look at buying a car before 'Tax Refunds" hit. I listened to ya,
I believe there will be some dealers who sell tons of cars and others within a mile will fail miserably. This time of the year is when the reputation you have developed either pays off of bites you in the butt. People do business with names that are top of mind. If they don't know who you are, where you are at, what you sell, what your price range is etc Don't be surprised if your sales are low.
I've learned many new things about cars thanks to your videos. My leason for today was to never buy a used car during tax refund season. If I bought one of your cars and told you I was considering buying a Car Shield extended warranty what would you tell me? I love to go car shopping with my neighbor. Did I forget to tell you he is a retired master mechanic?
Congrats 🎉thanks for sharing 👍👍
Great Video. You’re a good comedian!
No dealerships in my town are selling much of anything because they overpaid and are still over charging
The used car market culture is very interesting and these videos are great.
I am not part of the market just looking for my kids first car so I see some of this first hand, But in FL its not exactly the same as what its like here.
I’m happy to see you sell many cars. Probably because your prices are good . 👍
Every time I've gotten a new car and they use a drill to put it on they strip it out or break the clips lol. When I got my camera I told them do not put them on. I will.
My buddy just got his Tesla repoed. Guess he might be showing up at your lot looking for a car he can afford
Congrats that business is good for you!!!
I sold cars for two years all together at about three different dealerships. It was a VERY hard way to make a living!!!! It was feast or famine and management was always on our ass. Plus the customers were rude and combative toward myself and my associates. I take my hat off to anyone that can do it for a sustained time and make a career out of it. Alot of paperwork and alot of stress. And you better be a people person or it will not work. Keep up good work Brando.
To many I know is having to pay in this year pretty messed up. I'm gonna hold off from purchasing as long as I can. God bless you all
Joe Biden has to eat too.
@@IP0MonsturdFJB...😢
You do stuff Brandon. You write checks.
Congrats on the good sales.
Thanks for the great vid.
Glad you enjoyed it!
Biding my time 🙇🏾♂️. Stacking cash. Building credit. Waiting for the crash.
Awesome wish I knew reputable car dealership in Illinois like you guys!
Yeah, tax season has been much worse for a lot of us, at least the ones who are honest when filing. Many people aren't filing honestly, so of course its gonna be good for a ton of people. I dont think anyone that was saying this tax season would suck were taking that into account.
Yeah this will be the first year I’ll owe the irs. I still haven’t submitted my files yet lol
2021 Tundra TRD pro $49k
2024 Tundra TRD pro $74k
Prices are not going down.. EVER.
Unfortunately I have to agree with you, maybe a slight discount on the outrageous markups, maybe!
A lot of wishful thinking among wannabe car buyers and wannabe home buyers.
I’m still waiting for the return of the nickel candy bar and 25 cent a gallon gas.
You guys be safe and careful.😊👍🙏
"I do stuff! I'm doing things right now!" 🤣
Hahaha
Good Afternoon Brandon 🌞🤩 Happy Hump Day 😃
You too!
I love how you addressed the comments of you not doing nothing at your own business 😂😂.
You be the runner and the muscle!
Even Brandons cars are Up priced for Tax time from 2500 to 4500 to 3500 to 5500 for same cars. Wait until June if possible for any new purchases.
Good luck my boy🎉
Thank you!
Dealer in Northeast. Tax time later. Hondas and Toyotas from $ 9500 to $27,000. 8 economy cars around $10,000. More economy cars coming from garage not ready yet.
Guess what: Many buyers haven't bought in 7 years. Only want SUVs. Can't afford to buy for more than $10,000. SUVs we have are $17,000+. These buyers NOT INTERESTED in sedans.
Others who have more $$$ are interested but being picky because other dealers have inventory due to slowing economy. We don't finance so it is difficult because people can come up with $5,000 relatively easily but not $10,000.
Are two repair shops are slow because around here people are frugal and are waiting for tax time (later) to due maintenance on cars.
We get alot of repeat / referral business but higher insurance costs are keeping some people on the sidelines.
Looks like you need a decent & quick suction cup mount for your camera. Just hold the mount for your selfies, but you can super quickly suction it to the hood/window/whatever of a car so it'll stay put when you need both hands. They're pretty cheap and definitely worth it. Also good for doing videos while your driving (slap it up on the front/passenger window inside).
another video of great content from you. keep up with the outtakes. enjoyable.
I'm really happy that you are selling like you're supposed to. I swear some people just love doom and gloom. I hope you sell them all 🍀🍀🍀🍀
Thanks Kyler!
He will never see a drop in customers during tax season. His clientele will always spend during tax season no matter how bad the economy is.
The end of your videos are always funny
I find it completely sad that people need the government to be they're piggy bank. Money back from a tax return is an overpayment of your taxes. You collect no interest when the government saves your money for you. There are ways of figuring out what you owe and making sure that you pay very close to that amount. Then you just save the money yourself and go buy a car when you have enough money saved.
It’s a sensible approach to ‘make hay while the sun shines’.
This was fascinating! Thanks for the insight on your business and market.
How do I find a used car dealer like yourself that is trustworthy in my area?
I consider myself as a pretty good RUclips sleuth. A tip of the hat sir. I mean I know you are in NC but that's about it.
This vid was different than most. Kind of enjoyed it. Looks like you guys have a good time at work how many ppl work for you?
I think we are going to go this route a little more... Kind of getting tired of just talking about the car market news
Lot boy Brandon, People respect a guy that works for his money.
Excellent
Looking at the prices on the windshields at your lot I would buy one from you if I was in the market.
Keep an eye on your team. Make sure that they don't do shady biz😮
I wish we had car dealers like you where I live in north east and central Pennsylvania.
Wow good job great number 👏👏.. i think your in the perfect price point in this economy 👍 all the best from the bonkers uk..
Thanks 👍
Nice day today 💯💯
Get that $ good man. You deserve it.
Stack them deep sell them cheap. Love the channel!
If I can’t put $500 down & keep my car payments & insurance premiums within my budget..I refuse to buy & mess up my cashflow/savings!!!!!