CARMAX is DONE! They have FAILED to DROP PRICES Fast Enough
HTML-код
- Опубликовано: 27 янв 2024
- Carmax is heading straight toward its own demise. Without making any drastic changes, they are bound to fail. 2024 will be a year full of price drops, especially within the used vehicle market. Right now, more than ever, they need to SLASHING their prices to remain competitive. Even if it is as a large loss. The "long game" is to cut prices 10-20% across the board now to save their company. Focusing on the customer instead of their shareholders and bottom line will serve them well. Psst... that advice is on that house, Carmax... - Dr. Untamed
The new and used car market has been struggling these last 6-7 months and things are about to get worse. Bad for how long? Not sure. Right now, there isn't a light at the end of the tunnel. The companies that cut their losses early and quickly will win. Vroom just went under, Carvana will likely go too... Do you think Carmax will crumble this year too? Let me know your thoughts!
What do you think Carmax needs to do to fix this issue?
Thanks for watching as always, I greatly appreciate your support as always! If you found ANY value in my video here, please consider Liking and Subscribing -it'd mean a lot! Thank you.
-Stay Untamed...
#carmarket #dealership #carmax #markettrends
ENGAGE WITH ME ON INSTAGRAM:
@untamed_motors 
Авто/Мото
Bottom line as a consumer we need to hold on to the vehicles that we got. If you don't buy they can't sell they won't make money. There's a breaking point for everything It's up to us.
There are a lot of women, and bany men too, out there that need to keep up with the Jones' unfortunately.
FOMO is strong for some.
As Mel Gibson said in brave heart. Hooooolddd, Hooooolddd
Baby, NOW YOU GOT IT... 🎉🎉
Crap like this all comes down to "We the People..." And if you can't use a ballot to deal with these a$&holes then use yer dollars.😂😂😂😂
I’m driving my 2007 fordF150 my check engine light came on . Ford said the charge $160 to check it . Advanced auto charge nothing.
CarMax is undergoing a name change to CarCollector.
Try car hoarder
Auto depot
Or Dustbuster.
They’re maxed out on car inventory so carmax isn’t a bad name either
dust collector
No dealership will drop their prices, greed has taken over their minds & hearts, I never support buy from anyone who are crooks.
That's good. The more stubborn they are, the fewer people willing to buy car. I want to see tidal wave of bankrupt dealership
When the dealers finally give up hope that prices will RISE again, they will capitulate and lower prices... most likely right before the recovery.
Actually if they were greedy they would drop prices to maximize profits but whatever man
My Toyota dealership has $5k off, on the 4 tundras they have on the lot
They overpaid and now they're stuck.
Love it UT! If you want to see real carnage, look at the exotic vehicles market. I've been in the market for a new Corvette C8 for a while now, and had a dealer try to sell me a 2023 Z06 with 900 miles on it for $186K (seriously) back in November. Went in the dealer yesterday, still sitting there, they are now asking $130K for it! Salesman (Mr. Optimistic) told me market is shot and they are significantly under water already. Haha, Greedy bastards!
Thanks brother. Serves em right for that kind of behavior… smh 🤦♂️
First off, Corvette is not an exotic. Secondly, no one was going to sell you a 23 Z for 130k.
@@jasonpatterson2143 Stay mad.
@@dialupdavid but he’s correct.
I'm going to go ahead and say what no one will admit. The lime green color on the Tacoma is hideous.
Wow youre such a rebel. But that the best color anyways
Lime green is my favorite color but I could never own a vehicle that color and look at it everyday
Shrek would disagree! lol
Sir, you are correct. Top 5 Tacoma color to me, Quick Sand, White, Voodoo Blue, Cavalry Blue and Cement,
You’re right. It should be gray, black or white like every other car on the road. What were they thinking.
My trucks got 300k, new engine at 230k, runs like new, and it’s PAID FOR!!!
Can’t beat paid for!
The best type of truck is a paid off truck 👌 💯
Dealerships are banking on tax time sales but with the current intrest rates, I think they're in for a rude awakening. I'm eager to see what happens.
People are going to spend their tax refunds on food, housing, repairs and stuff to stay afloat not buy new or semi new cars.
@@LegolasD I hope you're right🤞
That's what I am noticing is most likely going to happen.@@LegolasD
Carmax preys on people with poor credit and poor knowledge of the market.
That’s the unfortunate truth
the thing is everyone searches cars they want on the internet....so if carmax is overcharging for a specific model, the buyer should have the brains to see that other listings have the same cars for less money...if people cant figure that out and still go with carmax then they deserve it i guess
@user-cj7dv2kc6d, two way street. It’s those same subprime customers who end up getting repoed. If CarMax holds the note, might as well burn it. By the time they get the vehicle back, it’s likely too damaged to take back- off to the auction for peanuts.
This is what what keeps people poor. Paying way too much for an asset that loses value with day of ownership and every mile driven + the cost of insurance, maintenance and fuel to fill these monster trucks.
They are banking on used car buyers not checking to see what cars are selling for new. Most shoppers expect that big dealers are up on current pricing, and buyers often go with the dealer if they feel like they are being treated fairly. CarMax just needs to take the hit, drop the prices and start moving the cars.
they are banking on tax time. I don't think it will happen for them. I am looking forward to the prices in the summer...
Their interest rates are insane, I can buy a used car right now, with my average credit rating of 676 and get a 6.99% interest rate, and I am almost up to a 680 credit rating, that would drop it to 4.99%. The interest rates at CarMax are like getting a loan from a Mafia loan shark, that should be illegal to charge an interest rate so high.
@@steves2241I’m over 700 and they gave even me a terrible rate. Only way to get their best rate is to have over 800 lol. Carmax is shooting themselves in the foot. They will sit on those cars for a while.
Anyone dumb enough to not be fully aware of what any vehicle is worth is also likely a repo risk. This isn’t like buying a pair of pants. I took an entire year to find my used vehicle and paid all in cash. You can bet the house I knew everything there was to know about that used vehicle.
Anyone dumb enough to not be fully aware of what any vehicle is worth is also likely a repo risk. This isn’t like buying a pair of pants. I took an entire year to find my used vehicle and paid all in cash. You can bet the house I knew everything there was to know about that used vehicle.
I have no idea how CarMax stays in business.
8.95% interest rate minimum is how
There is no shortage of idiots that buy from them!
the average interest rate for a car with good credit it 5% an 850 score will get you a 4%
@@jordancardenas7564did you watch the video? Carmax literally uses a grid to determine interest rate based on credit score and the lowest rate is 8.95%
@@jordancardenas7564who are those banks giving you less than 5% at the moment? I just started my auto loan for about a month and I’m at 5.4% rate. Haven’t heard of someone giving lower. That is with my 800 score or at least it was when I negotiated. But it will grow back soon.
It absolutely amazes me how much money people are willing to spend on vehicles that lose so much money.
For real. My wife and I make a good living but I do not understand how people can live with $1k a month car payments.
common sense for the most part is GONE Look at how ~half the country votes.
It appears that Carmax has overpaid for their inventory and now find themselves in a serious predicament. They can’t sell vehicles for their advertised price, which is nonnegotiable, and potential customers aren’t willing to pay Carmax price.
Their cost of doing business continues but revenue isn’t sufficient to keep them in business. They may not survive.
Their practice was always to buy low and sell high. I recall an insulting offer they gave me some time back. If they've paid too much for cars that practice has changed.
I think I hear a gurgling noise from one of them going under.
They will survive just fine. I bet they can replace those window stickers faster than I can type this reply, ha ha.
Good…I can’t say I feel sry for them. I’ve watched their prices and they have always asked for absurd prices on tundras
@joewoodchuck3824, a lot of dealers did overpay for inventory because they had to bid up to get cars during the inventory squeeze. No cars no business. It’s just that they didn’t realize the tide would turn so quickly. It’s hard to get cars again, but this time it’s because no one is buying new cars so they are not trading in their cars. Car Max may not be discounting because they can’t get in large numbers of replacement inventory anyway.
They better not run those through the auction ! They will get nothing for them
They rather do that than humble themselves
These dealerships would rather take the loss at auction than give someone an actual good deal
we make money off fat auction fees and we just sell it what we bought it for boom problem solved happens every thursday
In 2020 I paid 29,900 for a brand new Rav 4 premium with zero financing. And these clowns want that same price for a 2019 with 45K on it.
I always hated that slogan.. no haggle price… “because it’s already reduced” never, ever bought anything from carmax.
I have sold to them, and that can be helpful as long as you have low miles, under factory warranty, popular and have no history of accidents or damage
Carmax lives off people that don’t have the credit to hassle. Nobody with good finances buys at carmax
Dealers need to wake up and realize that what they have in the vehicle does not determine it’s value . Take your lumps and move on ..
Just like they always love to point out to people needing to trade in a car, or just sell a used car to a dealer, as they lowball their offer while trying to dealersplain to customer's that what we paid or put into or still owe has nothing to do with how much we can expect to get for our car, and we should just be able to accept and get over our bad decision and loss easily, and just move on! But now they are not willing to accept reality and drop prices below what they, unwisely as it turns out, overpaid for the cars, and are still trying to find "suckers" who unfortunately are not taking the time to study the current market and current lowest average sale prices for similar used cars. Plus hoping to take advantage of people already either uneducated as to how credit works, or have had some serious financial disaster fall on them, and they don't know how to shop around to get the best interest rate possible that they qualify for. Plus they don't do the price comparison between all the costs associated with buying a used car through them at their ripoff interest rates, and possible unknown mechanical problems, and loss of covered time left on any remaining warranty and just paying the now small difference usually to get a brand new car with full warranty available. Slimey snakes where their no haggle policy is touted as a good for the customer selling point, but in the end, all customers not paying cash will definitely get screwed, and most often even those paying cash will also get screwed by overpaying.
Time for dealers like these to take their medicine and shut down for good. Lord knows they've screwed the public long enough...
Something is only worth what someone is willing to give.have fun dealerships!
There are still so many stealerships here in Cali. I wasted hours trying to get a 24 4Runner trd pro they kept giving me the runaround and they finally told me an out the door price of 72k. Their reason is they are very rare and have to add a market adjustment of 12k plus the addendums. I just got up and left, my current car is still good looks like it will have to last a lot longer.
Why didn’t you realize they were doing this before you stepped foot on their lot?
Ship one from a different state and save 20k
Exactly, there are other states that have these TRD Pros on the lot with the MSRP price with no markup and not selling so fast, some even sit there for a couple of weeks. You can easily deliver one on a trailer for up to $2000 or you can drive it yourself if you want to do that.
While people are out there trying to buy $50K, $60K or $70K cars... I'm concentrating on paying off my mortgage. I believe a man with no mortgage or car payment is a great man.
@@Steven_Falcon
A lot of dealer still add addendums to the car when they do a credit check, and they’re not on the window sticker. It’s actually illegal.
I bought a 2000 Toyota 4 Runner in 2005 for $10,000 from a small independent dealer. I looked at an identical year and model at CarMax on sale for almost $18,000 (their no haggle price). I did not haggle with CarMax and bought the $10,000 one from the small independent - they were the same quality wise and similar mileage, I still own the vehicle.
They should just start a monthly rental business model. They can be the Aarons of car rental. They need to pivot to a new business model.
That's a good idea. The issue would be furniture is cheap, those cars aren't. If the bunk bed is snapped in half they haven't lost a lot. If the F150 is snapped in half it would hurt.
Do you mean leasing cars?
Repo yards are filling up here in central Florida
but they still selling for close to retail so i dont get it either whole sale is right at retail
I feel like "a day of reckoning" to greed- filled dealerships has come. Rightly so.
Selling cars has been a license to print money, no matter the economy, for 100 years. No reason to think that will change.
@@Thisoldhiker Your right. I know their games as many are.
Considering interest on a new vehicle is lower than on a used vehicle, Carmax apparently expects you to pay the same amount, if not more, for a used vehicle as you could get a new one for.
The auto industry is imploding right before our eyes. Going to be painful for many but hopefully this resets the madness thats taken place during covid.
Gotta say I'm absolutely loving this style of videos you're doing. I've always watched your videos but these have me specifically seeking out your channel. Im in the market for a 4R Pro and following closely to determine the best time to pick one up.
I appreciate the boots on the ground video too. All from the comfort of my home.
The car market isn't coming back. This is part of the great reset
If takes tons of pain coming to reality. In tech industry, college grads made $300k right out of internships. As much as or more than people who had been there 20+ years!!! Now tech is going thru correction.
I have a car for $7000 and no payments,in stead I travel more
Good for you. Thats what i plan to do, pay 100% cash
Those prices and interest rates are insane, you would have to be out of your mind to buy a car from CarMax.
I couldn’t imagine looking here and feeling good about buying something 🤷♂️
100% correct. Only a fool would give them what they are asking.
@@jamesgullo8240 I ran into a guy I used to work with yesterday at Walmart, he is the finance manager for a small used car lot near me now, they have about 30 to 40 cars. So we talked about cars and interest rates for loans.
He told me they offer pretty good deals on cars and pretty low interest rates, way better than CarMax. He said CarMax is robbing people.
He gave me a couple examples, he said if I bought a $7.000 car from him, and my credit rating was between 630 and 680 he could get me a loan for 6.99%, if I put $2.000 down on it. So that would be a $5.000 loan at 6.99%, and if I did a 24 month loan the payments would only be $225 a month.
He also said if my credit rating was over 680 the interest rate is 4.99%, and over 720 it's only 1.99%. Compare that to CarMax and what they are asking is so bad it should be illegal.
So crazy. Appreciate the price comparisons between new and used and the interest rate factors you include. Good video Untamed!
Thanks for tuning it man! Much appreciated!
I cant believe they didnt come out and tell you to stop filming their inventory for this video. Car Max has always been where people who can't get a new car from a reputable dealer go to buy a used car for the same price but now the interest rates are even higher than they were 4 years ago.
I brought an immaculate vehicle into CarMax just for fun and they offered my half the blue book value. 😂😂😂 I laughed in their faces and walked out
Was looking for a used Kia K5 for my son last weekend, dealers in my area are selling what we've been looking for from around $21K to $23K. Happen to look on CM and they were easily $25k+ for the same car with more miles on it! I can't believe how expensive they are and don't budge on the price! They're screwed if they don't get in their prices in line!
I'm gonna need a 35-40% drop in prices before I buy.
I have noticed this trend in car finance and other finance markets, like housing or credit cards. Many average Americans try to live honestly, like paying their debt, and no bank or financial institution helps them instead of scamming them. The Credit Score system is the biggest scam to keep the poor as poor forever. I am not saying or proposing a socialist kind of system, yet within this market, it can make a system that benefits manufacturers and consumers by minimizing middle-crony financial scammers. For example, if a consumer has a fair to poor credit score, interest levels should be low to minimize. Otherwise, the consumer is unable to pay the installment. And obvious default is unavoidable. As an average consumer, I don't want to default on my car payment because it will badly affect to my financial future. I believe 95% or higher consumers are like that, and cars and manufacturing industries are essential for the US economy, yet if consumers can't afford auto finance and financial institutes acting like blood-sucking vampires, the market fall is unavoidable.
Buy a salvage car. then.
Same here. I've been holding the line for about 4 years now. I can hold another 5-8 years easy. Maybe more. This has gotten so ridiculous.
Im sitting in a mazda dealership as im writing this, and I'm showing the salesman this video and comments.... It just saved me $2500 😂😂😂
Carmax used to be unusual because it was one of the few dealers with clear pricing. Now most dealers list their prices on the internet.
$1,500 a month payment? Can my family live in it?
Story is that Carmax is carrying over $3 billion in inventory. It would be interesting to know if they carry that inventory on their books at their purchased price or at the retail value. I would guess just their floorplan costs (interest payments) $25 million per month.
I believe they are waiting for tax season to some how save them. Not gonna happen. Layoffs will offset any idea of that.
Do all these dealerships really think tax season is going to save them , I mean it what else could they be holding out for?
That’s insane Untamed. Carmax is definitely headed for disaster. Great Coverage on the Car market 👍🏼
Just sold my Camry Hybrid to Autonation for $23,000. CarMax only offered me $21,000. Now we wait some time and get that 4Runner off road or Trd Pro 😎. Great videos great info
U n every other clown wannabe Toyo owner...all waiting on a Foreskinner yuppee mobile. Good luck with that sport.
That's not a bad deal, for just dropping off a car and not even having to answer a phone. You did alright.
They want us to buy..not me. They wanted me to agree to a $8,000.00 increase over
suggested sales price a year ago. Perhaps many dealers should go broke. 😊
If dealership banks stop lending to subprime buyers then CarMax will have all of the business it ever wanted. Sad but they may be banking on this.
As long as CarMax doesn’t hold the note. Hold the note on these “buyers” and it’s RIP.
Thanks for your reporting!😊
You know a lot untamed . Greatly appreciated
Newsflash to Carmax - it isn't 2021 anymore, you can't jack the prices like this. Their employees must be experts at Candycrush and other mobile games by now.
But their CEO said he thinks prices are too high as well😂 this insanity has to stop.
Vroom just went out of business. I would never buy a car without inspecting it.
In Florida there was a company called Off Lease Only they recently closed all their locations. Due to people not buying. I feel so bad for the employees that went to work only to discover they no longer have a job. These prices are ridiculous and I personally will wait before I start to buy again.
i know exactly where this is. i live here too. i’m so glad you’re doing this here because our market is different than other markets. everywhere outside our state dealerships are responding to the market drops but somehow here in our state these greedy dealerships are holding out. it’s disgusting.
Appreciate your support man! Haha, yeah it’s as if they’re pretending nothing has changed… smh 🤦♂️
I bought a truck from CarMax in 2011 at a really good price. These days it’s crazy how they are charging new prices for heavily used vehicles
Makes you wonder if they're just going to assume that everybody is going to run out and buy new (to them) vehicles with upcoming tax return season. It might be why they are holding the line 😂 For the vast majority of Americans, It's the one time a year they receive a "chunck" or lum sum of money. I've seen buddies get upwards of 10k on a return (children). A lot of them use this once a year opportunity to purchase a new to them vechicle. Unintelligent? Probably....but it happens every tax season. March through May (typically) is the busiest time for car sales.
Typically those buyers are in the “under $20k” range.
@sboy1955 maybe even more like 10k range...
Tax return people don't buy cars that expensive
This channel is grossly underrated - great stuff, man!
Glad you're staying on top of this Untamed. Hard to predict how this will shake out.
Appreciate your support brother 🙏🏼
I've gone to Carmax several times looking for a truck. Their prices are no different than a true dealer. I'll take an established dealer with a certified vehicle any day. But I'm not buying right now. I'm tired of the 10,000 over sticker price because the dealerships think they have us over a barrel.
New to your channel. Used car dealer in Northeast. Mainly Toyotas and Hondas from 2011 to 2021. RAV4s biggest seller. Occasional Highlanders, many Camrys, Corollas, and Civics.
While there is another RUclips channel that goes to different new car lots I have seen in your history you are VERY familiar with new Toyota Trucks, so price comparison with Car Max is interesting. Not familiar with their business model, the nearest one to me is Hartford, CT. I guess the appeal is many different types of vehicles in one place, maybe multiple financing sources, and good values given in trade ins.
Our Tacomas / Tundra sit for long time. 2012 Honda Civics very popular, even later 2017 - 19 Civics are popular for us. Good first car for many starting out in life. Nissan Versas Note and Sentras also popular with 1st time / frugal buyers.
We stay from Jeeps. At once were popular, but proven unreliable. Wranglers overpriced, often junk.
Car Max promotes no haggle price. Rarely to never negotiate.
Thanks for sharing this. Great insight from a dealer. 🙌 💯
I feel the really "cheap" used cars (12k and below) are going to hold their value (the good ones anyway), especially with tax time here.
Yeah you’re right. People just want an affordable, reliable vehicle now days.
I just can't understand how Car Max is still in business! Everyone knows their used cars are marked up too high. When I drive by Car Max in Clearwater, Florida, I never see customer cars parked at the store!
Always enjoy your videos. Great Job.
So I have shopped some 4Runners recently and by saving some of these vehicles through various sites, prices are dropping, some are still selling (not sure at what price) but it amazes me how many 4 runners there are out there, yet they still are holding firm on price. I am sure you can negotiate quite a bit more than recent months but, wow is all I have to say.
The dealers haven’t felt enough pain yet. Let the market bottom out. Let more dealers go out of business, eff em for the past 3 years in gouging us.
thank you for your service! Wish I could get stationed in Italy - that'd be the dream.
I like how your channel shifted to this type of content and you're getting a lot of more views too. 👍🏻
I have an ‘07 Toyota Tacoma double cab that’s been in storage for years with no battery.Before I stored it I changed the oil and added fuel stabilizer in the gas.Just the other day I bought a battery,checked all the fluids beforehand then turned the key.Fired right up.Looks like I’ll be hanging on to it cause car prices today,new and used,are insane!!!😵💫
i worked at CarMax, yes they should go through and update the window stickers, but it's not a priority. look up the same car online 🙂 they drop prices every other week or every week. if they cut back on lot washing the cars they definitely cut back on caring if the stickers are updated.
This is such a good video to watch before going on a used lot. Do you think there will be any downward pressure on prices this year? Haven't seen it yet.
Thanks brother. Yeah I'd suggest looking come April... Retail should theoretically catchup with wholesale by then.
If a dealer doesn't turn autos fast enough, they will go out of business.
Great show and very insightful! Love the content
Fuuuuuuuudge…the prices on the used Tundra & 4 Runner is Inconceivably NONSENSICAL 🤪
Your right untamed right now you can buy a 2023 Lexus GX 460 premium plus msrp 65,000 you can easily pick one up and for 5 grand off or more some Lexus dealership have like 36 Gx460 sitting on the lot and the best part is Lexus is offering 2.9 % 48 months, grab one before before there is no more, 2023 is the last year for the V8
You changed up your style and getting a lot views now. You doing what is trending now…good work
My guess is the used cars were bought when the market was up and now it is down the dealerships don’t want to sell at a loss. We will see how long they can keep their heads above water
I agree. I am monitoring prices on several different types of potential purchases and their 1 to 3 year old cars are grossly overpriced. Still prices seem to be lower on the 5 to 7-year-old models but still not enough.
The problem is those dealers paid to much for those vehicles and they’re now stuck,the smart move would have been to send those vehicles to the auction after a week or two when there was a shortage of vehicles,the dealers that did are going to be ok the ones that didn’t will be out of business soon
Vehicle auctions don't want vehicles that are priced too high to sell. These auctions already have acres of cars that they can not sell. They are hooking up some of them to make room for cars that they can sell fast.
Great video, thank you for what you’re doing
Thank you for watching! Appreciate the support.
I was just looking for a 21 Tundra TRD Pro. Found one at a Toyota dealership that was priced at 50k+ Reconditioning+ Tax and title. They told me 66k OTD. 😂 It had 40k miles. I wanted to at least look at it. It was sold the next day. Crazy! People are still buying!
Looking for a used Pre 2022 Tundra right now. I'm not in any hurry-don't need anything until next fall, and it seems like prices are coming down. There's a lot of Tundras on KSL here in Utah that have been on there for months.
i want a pre 2022 as well...i dont want a crappy hybrid or turbo v6
I learned a lot from this video, thank you sir.
Ive been watching a 2018 ford mustang being priced at 25,998...they dropped it by 1k 3 weeks after I found it...its STILL there. (its a blue 2018 ford Mustang ecoboost premium if you are interested)
I went ahead to a dealership and bought one for the same price. that was a 2020 with lower miles with more tech too
Eco boost is junk.
is it really? @@vicariousjohnson9823
Seems like every video in this segment says the industry is collapsing. Every used dealer we talk to won't budge on prices and one in fact raised the price $500 the day we were looking at the car. Retail is not showing downward movement in used market.
Auto market. Housing market. Ammo shortage vids all have the same theme.
Retail always follows wholesale market by a quarter. Much of the huge downward swing took place since last month. Think we’ll see it unfold in the retail space come April.
@@UntamedMotors Well I'll take you at your word. I'm no expert but I've been hearing about collapses for a year plus and nothing yet in retail. Repos are up, no sales are up at auctions, lots are backing up and nothing.
I hope you're right.
Carmax prices are so uncompetitive I don’t bother looking.
Those Tacoma’s are going for $40k where I’m at. That was a good price.
Look the fed is not cutting rates until May they better cut prices ! That jeep is ridiculous Carmax is crazy
So looked online today and new Toyota Tundra Hybrid Pro MSRP at 78,000. A lot more than the 58,000 used you showed. Now granted that was MSRP but even with a 10% reduction still a hunk higher thannused
I’ve sold my last 3 cars to Carmax ver trading in and always came up a winner
That is great to hear 🙌
Paid $36k for my Durango new. Sold in October to Carmax for $35k. 3 years later. Was in prime condition w only 13k miles. But still, 3 years later.. crazy. I was glad to cash the check...
24% per year interest rate ain't too bad when you think about it. My Uncle Jimmy used to work in the lending business back in the day and he charged 25% per week and if you didn't pay up on time he would break your fingers and take your car too.
Haha good ole Uncle Jimmy 😆 😬
Northern Colorado? I was there a month ago. Sold our 2018 Jeep Renegade. There was a White Genesis that had major rear quarter panel damage. You could tell it was covered in bondo. It was way overpriced.
Got 2 tunde’s back in the day at Carmax / Toy- Kenosha/ (no longer) 6:34 , the deals went away in 2019 .
This lot looks more like a long term parking at the airport! All dealerships are going to take on this appearance soon.
You’re absolutely right… inventory is just piling up everywhere.
The ‘23 Solar Octane TRD Pro I’ve had my eye on for about a week or two now from them 😂😂.. Waiting to see if they’ll drop the price at some point
Hey mate. What is your opinion on price?
2022 Silverado LT Crew Cab 2500 4x4 Diesel 40k miles. Prior rental, is CPO, cloth interior, vinyl floor, aluminum wheels ,new tires. $50,000
Adj MMR(what they would expect to get if they took it to auctions) on that Mach-E is $28,500.
I love how you're trolling CarMax at their own lot without them kicking you out.
i notided yesterday that they are building a new Carmax lot about 2 miles from my home which also has about 10 new car dealers in the same area. I was stunned by this.
Dang that is wild… not the best time for them to building another establishment.
@@UntamedMotors I almost wrecked my car when i saw the sign. I had thought it was a Hyundai dealership being built.
Largest shareholders of CarMax is Vanguard and BlackRock....Now you know what's up
They pay CarMax enough money that these cars can sit for years
So about that green Tacoma. You said (starting at 1:32 to 2:02) "now a days you can buy a bran new one of these from Toyota PRETTY EASILY while still getting $4K to $5K BELOW MSRP". Well, please tell us where you can easily find these New Tacomas 4-5K under MSRP I am very interested in hearing what you got to say on this.
You should also interview the customers too - it was not just the dealers who got greedy, this market was propped up by idiots who overpaid. I got tired of hearing people say "it's the market now" and "this is the market pricing".
I have two vehicles I want to replace, for about a year now, but I refuse to do business with any dealerships because they are all ridiculous
I am surprised that their floor plan hasn’t impacted them as of date!
I live in chicago and ive been shopping around for a mazda cx 9 2022 signature. Carmax actually has a better deal than the mazda dealership I went to. They were 1k above the dealer price, but no haggle is worth more to me as a first time car buyer
Repos are so backed up that banks are offering bonuses to drivers to repo their cars first. Watched a video at a dealers auction that didn't get a single bid. Most dealers are banking on tax return season but those cars are in the few thousand dollar range tops.
These big dealers that overbought on overpriced inventory are looking at bankruptcy and asset liquidation very soon.
Avis has 2 year old 4 runners for 34k on their website with 9 percent interest, mileage 30 to 45k.
Untamed- I picked up my Solar Octane 4Runner TRD off road last Tuesday. My only regret is that I should have traded my Tacoma in sooner for the 4Runner.