It’s stupid how dealers would rather lose 5 grand selling their car at the action. Rather than losing 5 grand selling to a customer who could bring their family or friend or come back in the future to give you more business.
For similar reasons why food selling businesses would rather throw out their unsold food, than give it out. Customers would try to time it, waiting for the the deal/steal..
I recently went to a Kia Stealership and looked at a 2021 Nissan Maxima with 63K miles on the odometer. The price was advertised for $18K, so I asked for the OTD price after giving them my zip code. They came back with an OTD price of $24,737 with $4,495 in added BS accessories like tinted glass, door edge guard, etched window glass, and some anti-theft device. I told them the vehicle had been on their lot for over 5 months, according to Car Gurus, and they were still trying to take advantage of customers. I laughed in their face and told them to send it to auction. They have called me every day since and have lowered the price to $21,544 OTD, at which point I told them to go pound sand. I truly hope all the dealerships like this one go bankrupt for their dishonest sales practice.
It's kinda of funny how they expected to sell anti theft devices. I would expect that on a Dodge Charger not on a Maxima. Lol. But seriously speaking the only way to get good deals right now it to buy from private owners.
I have friends who are sales managers or GM's at franchise dealerships. The owners are old-school dinosaurs and feel that selling a vehicle for a loss at the dealership comes with liability. They would rather sell it at auction and feel they've washed their hands of it. They also believe that it affects their gross average, and they look at vehicles in two separate buckets wholesale and retail. Their ego gets bruised if the gross on the retail side gets skewed. They would rather take a wholesale hit and know that most dealers do from time to time. It's really a game of egos. The customer doesn't realize that the dealer overpaid for the trade to get the deal done and already packed that amount into the new vehicle. Ego's are HUGE in the car business and often get in the way of sound decision-making. It seems like 2020-2023 gave them permanent brain damage.
@@amatod4 I had an 1986 SR5 and it rusted to dust after 13 years and 120,000 miles. Blown head gaskets, 7 bad alternators and a slew of other problems turned me off to Toyota for decades. I guess if you own one, keep it down south.
Why can’t the public attend car auctions? Why is a dealer license needed. I say we cut out the middleman and let the public purchase vehicles at market prices.
It seems that for the states, it’s all about control. And tax money, of course, and control. Oh, and did I mention control and money? All the hoops that the small lots have to jump through.
Why can’t the public buy at action well let me tell you . 1st you need a Dealers license Dealers insurance Schooling to become a dealer Surety bond A building and property to sell And lots of money Also most people have no Clue on how to buy our fix cars
Obviously you have not dealt with the public. I stopped selling things on ebay because of the idiocy, and that's nothing compared with an auto purchase.
Can't sell to the little guy directly. The dealership license is just a buffer so ppl aren't consistently whining to the auction house. I'd love to go to an auction, but America is only fair when you pay for it.
Most cars built between model year '21 and '23 have issues along with the later built 2020s. Largely due to Quality control being lossened up, and the whole Chip Shortage issue. My wife is curently looking at a new used SUV, and her pre requisites for buying are being manufactured February 2020 or earlier even going back to 2016 before the pandemic started. We are taking our time though. She might buy new if some serous deals start being advertised later this year, but prices need to come down a good bit more for that to happen!
@@djrickyb The 3rd gen Tacoma had terrible reliability issues. Toyota ignored all kinds of common issues that the 2nd gen Tacoma had and then added a bunch more. They switched from using US-built rear axles to importing poorly made axles from Thailand that howl terribly at highway speeds for about half of owners. The 3.5L has had a variety of tuning issues, high pressure fuel pump failures at low mileage, smoking and stumbling when climbing inclines that the 4.0L V6 had zero issue with, oil leaks, coolant leaks, stalling when taking off from a stop, grenading for unknown reasons at 100k miles, etc. The 6sp auto has had all kinds of issues as well. Some guys are desperate enough that they tune their truck at the risk of voiding their warranty. Despite all that, they are probably going to be more reliable than the brand new 2024+ Tacomas, just like the 2nd gen Tacoma is more reliable than the 3rd gen.
About a month ago I stopped by at a dealer to take a look at a 2019 Grand cherokee pretty loaded, 60k miles they had on display. Just for fun. They asked for $24k + all the fees and tax. They are still texting me. They are down to 18k OUT THE DOOR! Still way too high. Make them work for your money!!!
My car is three years old with 60,000 miles. Local dealer offered me next to nothing in trade. Told me tradein values have been declining. No explanation why all the used cars on the lot have not come down at all.
You have a very high mileage car for the age. An average miles driven per year is 12k milles, you are at 20k. Your car has very little value in a dealers eyes because it won't sell. I wouldn't buy your car, I would get the 3 year old car with 35k miles.
It's because car dealerships are magical places. When you drive your used car onto the lot to trade it in, it is a steaming pile that is stinking up the place. But as soon as you sign over the title, it miraculously transforms into a gold-plated, diamond-encrusted gem worthy of top dollar.
I had been thinking about the same thing. Except for it to be a restomod with a modern engine for better economy and power. Plus you can have a restomod customized exactly the way you want it.
People just want reasonable car payments and a reliable vehicle. Remember the mini trucks in the 1990s? If you built exactly those trucks today and sold them for 20k they'd be on waiting lists.
Brain rot. Too many people actually believe the hype of Toyota trucks being million mile trucks. I bet they didn't even check the frame for rust. For all they know, the owner spent half the year in the rust belt and the frame has huge holes in it, and the engine is burning a ton of oil. If they're lucky, the engine has had a terrible oil leak and the oil was enough to save the frame from terminal rust rot.
New car dealerships, have price gouged for so long, that they have long since lost the ability to price for reality. The soon(tm) crash of new vehicle prices and potentially new car dealerships going bankrupt is a beautiful thing to all of us car consumers who have had to put up with this BS for years now. It will soon be time for beer and popcorn, and then car consumers can enjoy the show
Good story, but that is not what is going to happen. Like not at all. Allocations and innovation in floor planning will change the landscape of these packed dealerships somewhat. Production will trend down in coming years. Dealerships will continue to survive by expanding used vehicle offerings and taking advantage of manufacturers discounts and finance incentives. The smartest dealers will find ways to gain incremental allocations for those quicker selling value price-point cars. Which manufacturers will increase production on. They’re already starting now.
Used dealers in my area are stocking up on Mercedes, Honda's, and Hyundai's, and I mean stocking up. Give it a few more months of this and we're going to see some scary stuff. 99% of the population have no idea what's up ahead... hard times. This is also the last stand for the middle class and during the next recession in 2035'ish the middleclass will be wiped out for good. Real scary stuff ahead of us. Either you'll be making it, or you won't; we can now clearly see this in USA and Canada.
I agree. Printing 40% of the M1 money supply in 2020, caused rampant inflation. Couple that with a decade of zero to near zero prime rate by the Fed, we are fucked. Unfortunately, the average citizen is concerned with their Stanley Cups and whatever other bullshit, is rammed down our throats to placate the masses.
7:01 I started a small car dealership amd my method was everything under $5000 and cash only. I ended up closing when the pandemic started because I didn't have much capital, but I was planning to put up a huge sign that said all cars under $5000 Your ways are the closest ive seen to mine, no other dealers I was aware of wanted to sell cars in that price range. I wish I had stuck it out But I was worried about buying cars after the pandemic when they jumped up to What I was selling them for at auction I had no problemsellingit just had become hard to replace them.. I was averaging $1000 profit per car after repairs and cleaning them myself.
I have a friend who has a lot 10k and under he cleans them himself has them fixed painted. Aims to make 500$ a car. His lot is full doesn’t sell anything. Our lot makes 3-10k per car and we sell 3-4 a day. 30k$+ trucks sell better.
The Toyota PU with the dents on the passenger side. It is called having kids with a stick whacking the side of the truck and doing so just because they can.
Doesn't explain why it was traded in after a year. It's a red flag when a Tacoma is traded in so soon. The 3rd gens have been known to have issues and Toyota doesn't always agree to fix things like howling rear diffs or driveability concerns that aren't addressable just by updating the software.
That 2001 Tacoma with 285k miles that sold for $4,700 is pretty much the theme at Kansas City dealer auctions on Toyota, Honda or Mazda vehicles with over 200k miles on them... Over Bid Heaven... Yesterday I seen a 2010 Mazda 3 with 189k miles and air in the brake lines sell for $3K(plus fees)...
I guarantee some of these bidders get burned severely by blindly buying those high mileage cars because "iT's A tOyOtA iT's JuSt BrOkEn In!" If you're bidding on a 10+ year old Toyota pickup and you don't get down and look under the truck to make sure there's still a frame there, it's only a matter of time before you lose your a** on one. And some of those newer Mazda's require so many hours of labor to get to major components that you are going to burn yourself on labor and part cost (like you correctly point out). Those CX-5's have issues like turbo coolant leaks that take an insane amount of labor just to get to the problem.
@@kidamere2408 And if you wait until after you bring it home to look underneath and the frame is rotted out like they are famous for, it's worth whatever scrap price is.
💯 Absolutely! In Western Nebraska sideway hail is very common. Dealers could not get insurance unless vehicles were parked under steel canopies and this is when you saw such damage on sides of vehicles. Also, they frequently had "Hail of a Sale" on damaged inventory.
I get an auction list from a local fund raising auction in Norfolk VA, which receives donated vehicles. This week's list included six repossessed vehicles, something I have not seen before.
That is outrageous. They repo'd peoples cars only to turn around and give them away? Meanwhile the people still have to pay on the debt of those cars. I think this qualifies as theft.
The dents on the TRD is due to the wife parking on the right side of that car in the garage, and not giving an sh*t about her husband's car. She opened their drivers doors to go in/out, and backseat driver side to get stuff out of it. How do I know this... I have an Acura that has a ton of dents on the passenger side of my car all around the same height, which I didn't know for about six months.
That Toyota truck may be part of the recall where the engine grenades due to metal debris. There’s also a ton of transmission overheating and QC issues.
@@nathanwilson3182 3rd gens have had plenty of issues with the transmission. The 3rd gen is a decent truck, but with that huge variety of issues they develop, they are a faaaaaar cry from "solid'. A 2nd gen owned by a guy that kept up on rust prevent is a truly solid truck. The 3.5L powertrain was a huge downgrade in terms of reliability and the fact that Toyota moved axle production to Thailand at the start of the 3rd gen (leading to tons of rear diff issues and leaks) was a huge downgrade in durability. Guys that think that 3rd gens were great never owned a 2nd gen or are coping because they gave up their solid 2nd gen for an inferior 3rd gen.
@@hochhaul Toyota has been losing a ton of business in Thailand to the Chinese, gotta do something with that production capacity and cheap labor. Look for more Thai content.
They didn't even look at the frame first. Insane considering they don't know what kind of life that truck lived and having owned one myself, they rusted as bad or worse than the 2nd gens that Toyota got sued over.
I went to a toyota dealership to look at a camry and then all of a sudden they were trying to get me to buy a car when I was just looking. They where then trying to get me to trade my car and kept pushing me to buy it. I told them I was just looking over and over again and they would not take that as the final awnser. I was frustrated that I made up an excuse and left. They called me back hassling me to a point that they were willing to mark down a 2024 toyota corolla 5000 dollars off so that I would buy a car from them. God I felt frustrated.
Here is an odd one for you while looking at new CX-5s the one they gave us to test drive and sell had white cat or dog hair in the rear. What I assume happened was someone bought it and this dealership gives you five days to return it. Whoever put the car back on the lot didnt clean the hair out. Disgusting when your paying full price new. Just want people to know when you buy a new car they will pull out the one with the most miles or one they use for test drives a lot, don't buy that one. One CRV they tried to sell us had a TPM light on I don't want to see any light alerts on something new period.
Just bought a 2024 gmc 1500 sierra elevation , 4x4 , v8, bucket seats center shifter looks prretty nice on the inside. Put 13k down plus a 3500 rebate put me where i wanted to be in financing. Out the door price was 58k. Obviously that doeant include the interest but it wasnt terrible. I had to jump on it after looking for 7 months for the exact vehicle in the configuration i wanted and the price was below 60k. Wish these trucks were cheaper. I think the whole car industry needs a revamp
That 2023 Tacoma at the end may have one of those 2.4 engines that are subject to a recall - apparently no dealers will touch them, even Toyota dealers.
Brandon, I just bought a 2001 Toyota MR2 spyder with 79000 miles. I got it for $9,050, $10,000 OTD. The dealer had it for 3 month in prime time to sell a convertible. It had all 4 shocks blown, and all 4 tires cupped. I spent $1200 to replace all 4 shocks, and tires. I spent another $800 on other things, so I have $12,000 in it total. The Kbb trade-in value was $8,400, retail was $11,500. Why would a dealer not spend the money on shocks, and tires to get another $2,500?
You were correct. That 2001 tacoma got twice what i would have bid and then a few hundred more.😅 I used to love bidding them toyota trucks up to way more than anyone should have paid. I think maybe they get sent to Mexico or something. Can get them way cheaper from private owners.
I love my Hyundai buying them since 1999 gave 1 to our son when we got a new one ,2003 kia suv now 100,000 miles I loved sold to my good friend,2011 they're all absolutely still in great shape. Our 2011 has 90,000 not bad huh? All 3 month oil changes filters. Praise God I love these vehicles cheaper then American made cars.
Does any one care ....? Car dealings are been screwing thier customer service for decades both on the show room and in the service department with thier Mafia extortion prices and making warranties and consumer law optional
My local Ford/Ram/Jeep dealership has moved all of their Rams to the back of the lot and have nothing but used vehicles in front. Why? Because they can't sell the Ram trucks but they can sell used vehicles. Car haulers are bringing in used vehicles almost every day. This is what is keeping the doors open and cash flowing. This is at one of the largest dealership groups in the US.
I will walk before I buy a vehicle over 50,000 for the price anywhere near what they are asking. I drive and pick up vehicles for a dealership and am embarrassed at the prices they are paying and asking for vehicles on the lo5!
They have lost their mind that truck is completely worn out nasty it's worth nothing I can't imagine anybody paying more than maybe $500 for that completely worn out Tacoma that's like a garbage dumpster on wheels😂😂😂😂 Guess there's a fool born every second
The CX 5’s have 0 % finance deals right now. Even if you stretch it out to 60 months it’s half of what interest rates are. That’s probably why that was on the auction post on the lot.
These are covid cars were dealers payed a premium and sold for way more and they had expected the market to remain like that for 10yrs+. In South Florida a chevy dealer is selling a 20 silverado custom with 50k miles for 32k something while a new 24 custom which they have about 100 on the lot are at 29050 as they reduced the price by 200 last wk.
I paid $20k for my 2012 2WD Tacoma new. With new truck prices the way they are - even if they are coming down a little - looks like I'll be keeping my old Taco for a long time to come.
The 2024 Tacoma is terrible anyways. Let Toyota keep their grossly overpriced and inferior truck. The 2nd gen is peak Tacoma reliability as long as the frame is regularly protected from rust. The 3rd gen was the beginning of the decline of the Tacoma.
prob with that Last Taco is any buyer buying one that new and high trim level is going to expect a perfect truck.. I cant imagine the seller who traded that in didnt take a beating unless it was a repo.. I didnt catch the sellers name on it..
That Tacoma went for twice what it's worth in any sane state. a 1st gen needs to live its entire life in the desert or the frame is totally rotten by now. 5 years ago I saw a 2nd gen Tacoma nearly break in half on a lift because the frames rot out so easily and severely.
Yeah, I'm nuts. To further clarify, that's what I estimated it would go for. Not what I would pay for it. In my experience, you're asking for trouble with a truck if it's less than $7000.
On the subject of the 2023 late-model cars appearing at the auction - it's a tough selling market. Interest rates are high. And I mentioned it before - the mid-engine euro exotics I buy new, from franchise dealers - I paid 6 figures for my most recent purchase in 2021. I still have the 2003 I bought new from the dealer. It has just under 7k miles. The new one has just over 2k miles. This dealer a few months back told all its customers "If your car is 20 years or older we no longer will service it" - being that this is the only one of 2 dealers of the brand in our state - - I sort of wonder, after he eliminated a good portion of his repeat buyers - keeping in mind the small buyer pool for 6-figure exotics - I wonder how that jackhole is doing these days. Based on what I see coming to auctions - a 2023 Mazda? - I suspect he has revisited his decision to eliminate all those possible trade-ins and revenue from repairs. It's my understanding - although I'm not in the business - that the repairs part of a dealership can be healthy contribution to the dealership's total revenue. This brand is not the only mid-engine exotic brand available. I can't figure out the thought process.
Manufacturers over produce vehicles and nobody is buying them. Manufacturers are screwing themselves because dealership interest rates are killing them with vehicles sitting for over a year. There's still tons of 2023 available, and 2025 vechiles from some manufacturers are coming out. Which manufacturer will be the first to close stop.
Toyota needs to stop Tundra production and focus on fixing the 200k Tundras with defective engines. It's not like 2024 Tundras are selling right now anyways.
Dude I tried to buy a 2012 Camaro from a dealer and he had to finance it at 72 months just to get it to be affordable. I’m not gonna finance a 12 yr old car for 72 months that nuts!
Fire sale! Im a salesman for benz, this CDK bullshit is killing us.
Karma finally hitting the dealerships
@@pojack9979 Right on.
Nope, benz are overpriced junk and people are realizing it. Nothing to do with the hack it just proves it.
Any decent production models available for under 35k?
Maybe a parallel universe of people waking up and not being taken advantage of.
It’s stupid how dealers would rather lose 5 grand selling their car at the action. Rather than losing 5 grand selling to a customer who could bring their family or friend or come back in the future to give you more business.
That customer will expect 5k off for the rest of their purchases.
They need the money NOW to pay bills - can't wait.
@@Ar938they won’t get it. Tough break.
Can’t crash the market. Control prices
For similar reasons why food selling businesses would rather throw out their unsold food, than give it out.
Customers would try to time it, waiting for the the deal/steal..
I recently went to a Kia Stealership and looked at a 2021 Nissan Maxima with 63K miles on the odometer. The price was advertised for $18K, so I asked for the OTD price after giving them my zip code. They came back with an OTD price of $24,737 with $4,495 in added BS accessories like tinted glass, door edge guard, etched window glass, and some anti-theft device. I told them the vehicle had been on their lot for over 5 months, according to Car Gurus, and they were still trying to take advantage of customers. I laughed in their face and told them to send it to auction. They have called me every day since and have lowered the price to $21,544 OTD, at which point I told them to go pound sand. I truly hope all the dealerships like this one go bankrupt for their dishonest sales practice.
It's kinda of funny how they expected to sell anti theft devices. I would expect that on a Dodge Charger not on a Maxima. Lol. But seriously speaking the only way to get good deals right now it to buy from private owners.
Greedy prix can all go under. I have zero tolerance for their four year gouging on consumers
I have friends who are sales managers or GM's at franchise dealerships. The owners are old-school dinosaurs and feel that selling a vehicle for a loss at the dealership comes with liability. They would rather sell it at auction and feel they've washed their hands of it. They also believe that it affects their gross average, and they look at vehicles in two separate buckets wholesale and retail. Their ego gets bruised if the gross on the retail side gets skewed. They would rather take a wholesale hit and know that most dealers do from time to time. It's really a game of egos. The customer doesn't realize that the dealer overpaid for the trade to get the deal done and already packed that amount into the new vehicle. Ego's are HUGE in the car business and often get in the way of sound decision-making. It seems like 2020-2023 gave them permanent brain damage.
Appreciate you explaining the buckets and how they are treated!
Prices are still way to high for these pos cars.
Price is not the only issue 8.9 rates, with good credit,
$4700 for that 23 year old Tacoma is insane.
litlebit cleaning and touch up and 10k
Cash car no new car dealership will be interested in.
The 23 Tacoma to fix will be huge if it has that much damage. It's a nightmare waiting to happen.
Damn, I had a 2001 4wd manual SR5 with 250,000 miles, and I sold it for 3, 500. I did sell it to a friend, he got a great deal.
@@amatod4 I had an 1986 SR5 and it rusted to dust after 13 years and 120,000 miles. Blown head gaskets, 7 bad alternators and a slew of other problems turned me off to Toyota for decades. I guess if you own one, keep it down south.
Why can’t the public attend car auctions? Why is a dealer license needed. I say we cut out the middleman and let the public purchase vehicles at market prices.
That would be a grand free-market idea
It seems that for the states, it’s all about control. And tax money, of course, and control. Oh, and did I mention control and money? All the hoops that the small lots have to jump through.
Why can’t the public buy at action well let me tell you . 1st you need a Dealers license
Dealers insurance
Schooling to become a dealer
Surety bond
A building and property to sell
And lots of money
Also most people have no
Clue on how to buy our fix cars
Obviously you have not dealt with the public.
I stopped selling things on ebay because of the idiocy, and that's nothing compared with an auto purchase.
Can't sell to the little guy directly. The dealership license is just a buffer so ppl aren't consistently whining to the auction house. I'd love to go to an auction, but America is only fair when you pay for it.
Recent Tacomas have been having way too many quality issues. They are coasting on their reputation.
More reason for me to hang onto my 2012 Taco, I guess. It's still chugging.
Most cars built between model year '21 and '23 have issues along with the later built 2020s. Largely due to Quality control being lossened up, and the whole Chip Shortage issue. My wife is curently looking at a new used SUV, and her pre requisites for buying are being manufactured February 2020 or earlier even going back to 2016 before the pandemic started. We are taking our time though. She might buy new if some serous deals start being advertised later this year, but prices need to come down a good bit more for that to happen!
@@Randrew The 4.0 is ten times better than the 3.5 in the 3rd gen. I hate myself for trading my 2nd gen for a pos lemon 2016 Tacoma.
@@djrickyb The 3rd gen Tacoma had terrible reliability issues. Toyota ignored all kinds of common issues that the 2nd gen Tacoma had and then added a bunch more. They switched from using US-built rear axles to importing poorly made axles from Thailand that howl terribly at highway speeds for about half of owners. The 3.5L has had a variety of tuning issues, high pressure fuel pump failures at low mileage, smoking and stumbling when climbing inclines that the 4.0L V6 had zero issue with, oil leaks, coolant leaks, stalling when taking off from a stop, grenading for unknown reasons at 100k miles, etc. The 6sp auto has had all kinds of issues as well. Some guys are desperate enough that they tune their truck at the risk of voiding their warranty. Despite all that, they are probably going to be more reliable than the brand new 2024+ Tacomas, just like the 2nd gen Tacoma is more reliable than the 3rd gen.
The 2024 are not reliable anymore.
About a month ago I stopped by at a dealer to take a look at a 2019 Grand cherokee pretty loaded, 60k miles they had on display. Just for fun. They asked for $24k + all the fees and tax. They are still texting me. They are down to 18k OUT THE DOOR! Still way too high. Make them work for your money!!!
Doubt it. Nobody selling that with a clean title 18k OTD.
@@alexvaldes7075 EOM and EOQ. They must be doing pretty bad.
Funny my 2019 Grand Cherokee with 17k miles is only worth 14k on trade in. This is why I'm driving it into the ground because it's all a scam.
@@StevenShenkoskyYou can sell that all day on your own for 20k no problem with that mileage even with the small 3.6L
Love this type of video, showing auctions and the prices and your thoughts.... Great content
My car is three years old with 60,000 miles. Local dealer offered me next to nothing in trade. Told me tradein values have been declining. No explanation why all the used cars on the lot have not come down at all.
You have a very high mileage car for the age. An average miles driven per year is 12k milles, you are at 20k. Your car has very little value in a dealers eyes because it won't sell. I wouldn't buy your car, I would get the 3 year old car with 35k miles.
It's because car dealerships are magical places. When you drive your used car onto the lot to trade it in, it is a steaming pile that is stinking up the place. But as soon as you sign over the title, it miraculously transforms into a gold-plated, diamond-encrusted gem worthy of top dollar.
If I were to pay big money for any of those vehicles, I would go buy a fun classic car from the 60’s maybe early 70’s.
I sell antique cars and trucks makes my carlot make money.
I had been thinking about the same thing. Except for it to be a restomod with a modern engine for better economy and power. Plus you can have a restomod customized exactly the way you want it.
People just want reasonable car payments and a reliable vehicle. Remember the mini trucks in the 1990s? If you built exactly those trucks today and sold them for 20k they'd be on waiting lists.
Early 2000s tacomas. Just buy a good used one and its good to go for another 20 yrs
2001 Toyota Tacoma with 285k on it for $4700 what in the hell is the world coming too? Plus whoever bought it will ask even more for it. It is INSANE.
Brain rot. Too many people actually believe the hype of Toyota trucks being million mile trucks. I bet they didn't even check the frame for rust. For all they know, the owner spent half the year in the rust belt and the frame has huge holes in it, and the engine is burning a ton of oil. If they're lucky, the engine has had a terrible oil leak and the oil was enough to save the frame from terminal rust rot.
New car dealerships, have price gouged for so long, that they have long since lost the ability to price for reality. The soon(tm) crash of new vehicle prices and potentially new car dealerships going bankrupt is a beautiful thing to all of us car consumers who have had to put up with this BS for years now. It will soon be time for beer and popcorn, and then car consumers can enjoy the show
Really? Govt will just bail them out.
I'm not so sure that's what's going to happen. We'll see.
Good story, but that is not what is going to happen. Like not at all. Allocations and innovation in floor planning will change the landscape of these packed dealerships somewhat. Production will trend down in coming years. Dealerships will continue to survive by expanding used vehicle offerings and taking advantage of manufacturers discounts and finance incentives. The smartest dealers will find ways to gain incremental allocations for those quicker selling value price-point cars. Which manufacturers will increase production on. They’re already starting now.
Used dealers in my area are stocking up on Mercedes, Honda's, and Hyundai's, and I mean stocking up. Give it a few more months of this and we're going to see some scary stuff. 99% of the population have no idea what's up ahead... hard times. This is also the last stand for the middle class and during the next recession in 2035'ish the middleclass will be wiped out for good. Real scary stuff ahead of us. Either you'll be making it, or you won't; we can now clearly see this in USA and Canada.
I agree. Printing 40% of the M1 money supply in 2020, caused rampant inflation. Couple that with a decade of zero to near zero prime rate by the Fed, we are fucked. Unfortunately, the average citizen is concerned with their Stanley Cups and whatever other bullshit, is rammed down our throats to placate the masses.
Exactly dude! New world order, no middle class just 2 classes of people only: the haves which are the 1%... and all the rest have nots.
I really like the editing, show the car on the lot, jump to it in the lane, repeat. Much easier to follow and enjoy.
Take a look at those boats behind you. I'd be interested in seeing what kind of boats get brought to that auction.
7:01 I started a small car dealership amd my method was everything under $5000 and cash only.
I ended up closing when the pandemic started because I didn't have much capital, but I was planning to put up a huge sign that said all cars under $5000
Your ways are the closest ive seen to mine, no other dealers I was aware of wanted to sell cars in that price range.
I wish I had stuck it out But I was worried about buying cars after the pandemic when they jumped up to What I was selling them for at auction
I had no problemsellingit just had become hard to replace them..
I was averaging $1000 profit per car after repairs and cleaning them myself.
I have a friend who has a lot 10k and under he cleans them himself has them fixed painted. Aims to make 500$ a car. His lot is full doesn’t sell anything. Our lot makes 3-10k per car and we sell 3-4 a day. 30k$+ trucks sell better.
The Toyota PU with the dents on the passenger side. It is called having kids with a stick whacking the side of the truck and doing so just because they can.
That sounds more of a description of an occurrence than what it’s actually named.
Spot On !
Doesn't explain why it was traded in after a year. It's a red flag when a Tacoma is traded in so soon. The 3rd gens have been known to have issues and Toyota doesn't always agree to fix things like howling rear diffs or driveability concerns that aren't addressable just by updating the software.
I thought you were cutting the amount of videos you’re putting out. Still the hardest working person on RUclips
Apparently you've never heard of Vice Grip Garage.
I thought SCOTTY K. was🤔⁉️
That 2001 Tacoma with 285k miles that sold for $4,700 is pretty much the theme at Kansas City dealer auctions on Toyota, Honda or Mazda vehicles with over 200k miles on them... Over Bid Heaven... Yesterday I seen a 2010 Mazda 3 with 189k miles and air in the brake lines sell for $3K(plus fees)...
why the used market is stupid thats a 1k truck
@@kidamere2408 scumbag dealers buy the clean high mileage trucks and re-sell with rolled back odometers
I guarantee some of these bidders get burned severely by blindly buying those high mileage cars because "iT's A tOyOtA iT's JuSt BrOkEn In!" If you're bidding on a 10+ year old Toyota pickup and you don't get down and look under the truck to make sure there's still a frame there, it's only a matter of time before you lose your a** on one. And some of those newer Mazda's require so many hours of labor to get to major components that you are going to burn yourself on labor and part cost (like you correctly point out). Those CX-5's have issues like turbo coolant leaks that take an insane amount of labor just to get to the problem.
@@kidamere2408 And if you wait until after you bring it home to look underneath and the frame is rotted out like they are famous for, it's worth whatever scrap price is.
The dented tacoma makes me think of hail damage on a windy day, under a carport
💯 Absolutely! In Western Nebraska sideway hail is very common. Dealers could not get insurance unless vehicles were parked under steel canopies and this is when you saw such damage on sides of vehicles. Also, they frequently had "Hail of a Sale" on damaged inventory.
I get an auction list from a local fund raising auction in Norfolk VA, which receives donated vehicles. This week's list included six repossessed vehicles, something I have not seen before.
That is outrageous. They repo'd peoples cars only to turn around and give them away? Meanwhile the people still have to pay on the debt of those cars. I think this qualifies as theft.
Yes, promising to pay someone for something then not paying and forcing them to reclaim it is like theft.
Thanks for the video. Very informative. Nice calm non toxic followers too. Good work man. Keep it up.
I'm a railroad freight conductor and we are swamped with autoracks (car haulers). Who's buying all this??
11:00... average miles for that 2023 Toyota Tundra are 15k miles...so 27K miles is a lot of miles for that vehicle.
The dents on the TRD is due to the wife parking on the right side of that car in the garage, and not giving an sh*t about her husband's car. She opened their drivers doors to go in/out, and backseat driver side to get stuff out of it. How do I know this... I have an Acura that has a ton of dents on the passenger side of my car all around the same height, which I didn't know for about six months.
Oh,shit😂
Got my oil changed this morning. Tons of $100K Sierras on the lot. 😂
That Toyota truck may be part of the recall where the engine grenades due to metal debris.
There’s also a ton of transmission overheating and QC issues.
I think it's the Tundras with the bad motors. The Tacos have the bad transmissions.
Your confusing the 3rd and 4th gen tacoma. That 23 model is a solid truck.
No, that's the new 3rd gen junk Tundra. Though a ton of 2016-17 Tacomas of that same generation have grenaded despite meticulous maintenance.
@@nathanwilson3182 3rd gens have had plenty of issues with the transmission. The 3rd gen is a decent truck, but with that huge variety of issues they develop, they are a faaaaaar cry from "solid'. A 2nd gen owned by a guy that kept up on rust prevent is a truly solid truck. The 3.5L powertrain was a huge downgrade in terms of reliability and the fact that Toyota moved axle production to Thailand at the start of the 3rd gen (leading to tons of rear diff issues and leaks) was a huge downgrade in durability. Guys that think that 3rd gens were great never owned a 2nd gen or are coping because they gave up their solid 2nd gen for an inferior 3rd gen.
@@hochhaul Toyota has been losing a ton of business in Thailand to the Chinese, gotta do something with that production capacity and cheap labor. Look for more Thai content.
Always love the auction videos!
Prices at a DFW area auction today were High.
Are the auctions in DFW open to the public?
IT'S OVER BOYS. For the 34th time.
35th I believe
That 2001 Tacoma was trashed. 3 years newer than mine and 120,000 more miles, in that condition at that price at a dealer auction.
They didn't even look at the frame first. Insane considering they don't know what kind of life that truck lived and having owned one myself, they rusted as bad or worse than the 2nd gens that Toyota got sued over.
_skibbity-jibbity-glibbity-bibbity_ - - - S O L D !
I wouldnt pay more than $2k retail for that taco.
Some sucker will buy it for 5k when I say the word "Toyota"
They won't mind paying for repairs
😅🤣😂
Growing up in the 60’s and 70’s and seeing what you / we are calling cars 🚗 is Heartbreaking 😮
You’re so welcomed in my world. Thank you for your insight.
You're a star, keep shining bright!
Saving up paying cash for 2nd car no more crazy interest rates
I just saw an old grand caravan for $8.5k on the side of the road.
Prices are still ridiculous!
Infinity is Japan's Chrysler.
Auction videos are the best content!
I went to a toyota dealership to look at a camry and then all of a sudden they were trying to get me to buy a car when I was just looking. They where then trying to get me to trade my car and kept pushing me to buy it. I told them I was just looking over and over again and they would not take that as the final awnser. I was frustrated that I made up an excuse and left. They called me back hassling me to a point that they were willing to mark down a 2024 toyota corolla 5000 dollars off so that I would buy a car from them. God I felt frustrated.
Ive seen these types of videos for years now.
When is it really gonna be over?😂
Here is an odd one for you while looking at new CX-5s the one they gave us to test drive and sell had white cat or dog hair in the rear. What I assume happened was someone bought it and this dealership gives you five days to return it. Whoever put the car back on the lot didnt clean the hair out. Disgusting when your paying full price new. Just want people to know when you buy a new car they will pull out the one with the most miles or one they use for test drives a lot, don't buy that one. One CRV they tried to sell us had a TPM light on I don't want to see any light alerts on something new period.
What was the carfax like on the Mazda and Toyota? Franchise dealers are getting picky with what they keep again.
Just bought a 2024 gmc 1500 sierra elevation , 4x4 , v8, bucket seats center shifter looks prretty nice on the inside. Put 13k down plus a 3500 rebate put me where i wanted to be in financing. Out the door price was 58k. Obviously that doeant include the interest but it wasnt terrible. I had to jump on it after looking for 7 months for the exact vehicle in the configuration i wanted and the price was below 60k. Wish these trucks were cheaper. I think the whole car industry needs a revamp
You’re touching the interior of those cars again, dude, lol
That 2023 Tacoma at the end may have one of those 2.4 engines that are subject to a recall - apparently no dealers will touch them, even Toyota dealers.
dude.....what about those 2 service body trucks in the background??...
Day 320. Another video titled "its over". Unsure when it will in fact be "over".
My g35 had 285,000 miles on it and drove from Alabama to Las Vegas and was perfect until T-boned.
Only maintenance.
Avoid the CVTs and you're good
I could smell the interior of the Tacoma
I'm not sure the ozone machine could temper the scent in that thing.
Smelled like cooked meth
Brandon, I just bought a 2001 Toyota MR2 spyder with 79000 miles. I got it for $9,050, $10,000 OTD. The dealer had it for 3 month in prime time to sell a convertible. It had all 4 shocks blown, and all 4 tires cupped. I spent $1200 to replace all 4 shocks, and tires. I spent another $800 on other things, so I have $12,000 in it total. The Kbb trade-in value was $8,400, retail was $11,500. Why would a dealer not spend the money on shocks, and tires to get another $2,500?
Hahahahhha. They don't fix anything.
They don’t have unlimited manpower and the service center actually makes them money.
You were correct.
That 2001 tacoma got twice what i would have bid and then a few hundred more.😅
I used to love bidding them toyota trucks up to way more than anyone should have paid.
I think maybe they get sent to Mexico or something.
Can get them way cheaper from private owners.
I love my Hyundai buying them since 1999 gave 1 to our son when we got a new one ,2003 kia suv now 100,000 miles I loved sold to my good friend,2011 they're all absolutely still in great shape. Our 2011 has 90,000 not bad huh? All 3 month oil changes filters. Praise God I love these vehicles cheaper then American made cars.
Flying to Wilmington, NC to buy a 4Runner. Hope I don’t overpay.
Toyota in my town here in MO cant sell new tundras!! I mean who wants a overpriced truck with a Bad motor in it!!
3:38 Yep, transmissions assembled by Brad are not always reliable.
Does any one care ....?
Car dealings are been screwing thier customer service for decades both on the show room and in the service department with thier Mafia extortion prices and making warranties and consumer law optional
I saw some sailboats in the back of the parking lot. Does that auction do sailboats too?
After an admission from a friend who bought a Tesla and her monthly payments were lower than those for her Jeep wrangler I am not surprised
My local Ford/Ram/Jeep dealership has moved all of their Rams to the back of the lot and have nothing but used vehicles in front. Why? Because they can't sell the Ram trucks but they can sell used vehicles. Car haulers are bringing in used vehicles almost every day. This is what is keeping the doors open and cash flowing. This is at one of the largest dealership groups in the US.
That Tacoma being a stick is a guaranteed export vehicle to Central and South America!
Love your channel. Would love to see an Alex recon video.
I will walk before I buy a vehicle over 50,000 for the price anywhere near what they are asking. I drive and pick up vehicles for a dealership and am embarrassed at the prices they are paying and asking for vehicles on the lo5!
15k for that Mazda was crazy good
They have lost their mind that truck is completely worn out nasty it's worth nothing I can't imagine anybody paying more than maybe $500 for that completely worn out Tacoma that's like a garbage dumpster on wheels😂😂😂😂 Guess there's a fool born every second
It gets sold overseas
What did the avalon sell for?
New vehicle sale expected to exceed 15.7 million units. A 1.3% increase over 2023.
Good job B-Man!!
$4700 for a 23 yr old Toyota is just foolish. I hope it sits and rots until they are forced to sell it for half of what they paid.
The CX 5’s have 0 % finance deals right now. Even if you stretch it out to 60 months it’s half of what interest rates are. That’s probably why that was on the auction post on the lot.
That Tacoma would be a project car for the right price.
The Taliban wouldn’t even use that Tacoma for a car bomb, rough shape is an understatement.
Dealers sending car to auction and asking retail price BIG JOKE
Can you show some Prius’s. I need to buy two or three for my company. Unless they have been in an accident, everyone wants over book retail
When that Toyota with the dings sell for less than 15k, THATS when the car market has dropped😊. Thats my ideal number for a brand new QUALITY truck😂😅
Recently bought a 2024 mazda for 28k before taxes and was laughing when they expected 25k for a used 2023 cx-5
I thought I was hearing things...
$25K for a used CX5 lol
These are covid cars were dealers payed a premium and sold for way more and they had expected the market to remain like that for 10yrs+. In South Florida a chevy dealer is selling a 20 silverado custom with 50k miles for 32k something while a new 24 custom which they have about 100 on the lot are at 29050 as they reduced the price by 200 last wk.
Good video. One of
Your better ones.
I paid $20k for my 2012 2WD Tacoma new. With new truck prices the way they are - even if they are coming down a little - looks like I'll be keeping my old Taco for a long time to come.
The 2024 Tacoma is terrible anyways. Let Toyota keep their grossly overpriced and inferior truck. The 2nd gen is peak Tacoma reliability as long as the frame is regularly protected from rust. The 3rd gen was the beginning of the decline of the Tacoma.
prob with that Last Taco is any buyer buying one that new and high trim level is going to expect a perfect truck.. I cant imagine the seller who traded that in didnt take a beating unless it was a repo.. I didnt catch the sellers name on it..
$875 for the Taco and I'd be very interested. $4700 is just stupid.
Not bad, I guessed 5K on the Tacoma because that's about what I'd pay for it.
if you could give the KBB value. so, a comparison can be made if it's a good deal
That 01'4x4 Tacoma went for half as much as it would here in Cali. Last year I sold my 02' TRD 2WD w/186k for $7000.
That Tacoma went for twice what it's worth in any sane state. a 1st gen needs to live its entire life in the desert or the frame is totally rotten by now. 5 years ago I saw a 2nd gen Tacoma nearly break in half on a lift because the frames rot out so easily and severely.
@@hochhaul Indeed. It spent its entire life in the SoCal desert and had no frame rot at all.
I said $6500 on that Tacoma until you showed the backs seats. Then I was like ugghhh....$4500. Nailed it ...
Are you nuts? It isn't worth more than $2500 and that's if somebody actually bent down and checked the frame and looked for major oil leaks.
Yeah, I'm nuts. To further clarify, that's what I estimated it would go for. Not what I would pay for it. In my experience, you're asking for trouble with a truck if it's less than $7000.
On the subject of the 2023 late-model cars appearing at the auction - it's a tough selling market. Interest rates are high.
And I mentioned it before - the mid-engine euro exotics I buy new, from franchise dealers - I paid 6 figures for my most recent purchase in 2021. I still have the 2003 I bought new from the dealer. It has just under 7k miles. The new one has just over 2k miles.
This dealer a few months back told all its customers "If your car is 20 years or older we no longer will service it" - being that this is the only one of 2 dealers of the brand in our state -
- I sort of wonder, after he eliminated a good portion of his repeat buyers - keeping in mind the small buyer pool for 6-figure exotics - I wonder how that jackhole is doing these days. Based on what I see coming to auctions - a 2023 Mazda? - I suspect he has revisited his decision to eliminate all those possible trade-ins and revenue from repairs.
It's my understanding - although I'm not in the business - that the repairs part of a dealership can be healthy contribution to the dealership's total revenue.
This brand is not the only mid-engine exotic brand available. I can't figure out the thought process.
I could fix the dimples on the side of that Tacoma. It's not hard or time-consuming.
I dont know why but here in savannah toyota still charging 1500+ for nitrogen. And other so called installed equipment.
Manufacturers over produce vehicles and nobody is buying them. Manufacturers are screwing themselves because dealership interest rates are killing them with vehicles sitting for over a year. There's still tons of 2023 available, and 2025 vechiles from some manufacturers are coming out. Which manufacturer will be the first to close stop.
Toyota needs to stop Tundra production and focus on fixing the 200k Tundras with defective engines. It's not like 2024 Tundras are selling right now anyways.
All the cars out there and these high mile junk cars are still going for that much? people need to stop paying these prices for the used cars too!
You need to do like a TV shows do and but "Special Guest Star Alex" on your thumbnail whenever he appears on a post.
Dude I tried to buy a 2012 Camaro from a dealer and he had to finance it at 72 months just to get it to be affordable. I’m not gonna finance a 12 yr old car for 72 months that nuts!
26.5k is the price that I would pay for a Tacoma like that. That would be for me considered normal. But we are still too far away from that.
i am looking at newer wrecked ford rangers. Nobody is bidding on them. I might can afford one this winter.
the 2023 tacoma is there because it probably a possible recall on the engine
That's the 2022+ TUNDRA. Though the 3rd gen Tacoma has had plenty of catastrophic engine failures too, but mostly 2016 and 2017 model year trucks.