We are failing!
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- Опубликовано: 11 ноя 2023
- My biggest failing moment is the toys for tots drive. Help us make this not FAIL! SEND A TOY!
Mike's Car Store 8379 State Rd 64 Georgetown, In. 47122
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Get your Swag chevydudestore.com/
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𝘊𝘢𝘳 𝘉𝘶𝘺𝘪𝘯𝘨 𝘛𝘪𝘱𝘴 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦 𝘪𝘯-𝘥𝘦𝘱𝘵𝘩 𝘥𝘪𝘴𝘤𝘶𝘴𝘴𝘪𝘰𝘯𝘴:
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FOLLOW ME everywhere:
ChevyDude.net
#Chevrolet #Louisville #mikescarstore
I am the owner of Mike's Car Store In Georgetown, In. We sell used cars near Louisville Ky and ship nationwide. we look forward to helping you. mikescarstore.com
Buying a Car Doesn't Have to Suck™ 
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Do you accept cash for the toys? I have no idea what toys boys and girls want. My late wife and I pretty much gave up on Xmas about 20 years ago. But that doesn’t mean I can’t help someone else have a great Christmas. Christmas is for kids.
No cash. Just get in Amazon and pick random toys and send them. Thank you 🙏
Thanks Mike, I’ll do that. I suppose I could also talk to a couple of neighbours who have young children. Where there’s a will, there’s a way. Thanks for pointing me in the right direction which leads to other right directions.
@@ChevyDudewhy not set up a registry for gifts. It would make a good video you and the misses and maybe even others at the car store going thru a store scanning items. Walmart and Target both have a gift registry.
❤
@@ChevyDudeare you in Louisville
Always stress and bumps in the road being self employed. You will get through this and thrive. Wishing you the best. Let go and let god
I love your videos Mike and I do miss you uploading videos on the regular. But I think we all understand how busy you are with all that you have going on. Your business is doing great and it would be awesome to see you own a Chevrolet dealership someday! Good luck with everything!
Wish you nothing but success Chevy Dude
The main problem is that auction car quality is really bad right now.
Right
Customers are holding on to their 5-10 year old cars on account of ridiculous new car prices and interest rates.
He would have to figure out how to buy cars through other means. Like we buy your car advertising.
That’s because the bubble burst, everyone thinks their junk is worth a fortune. Those days are long gone.
No it’s he’s way way too cocky
A click bait title to the video I would say.Mike you're so well liked, you don't need to resort to that. I would watch your videos, no matter what the title is
How’s it click bait? I literally tell you the 3 things we are failing at. (4th if the mechanic doesn’t start tomorrow) 😀
@@ChevyDudenah, the title makes it sound like you are going under, and that’s not what the video title implied. I agree, I was disappointed in the decision on the title as well.
Hang In there 💪. I know you can do it. You are an inspiration to me after I heard your story. I believe in you
Hi Mike, in memory of my sister Chris who got a group of us together to buy toys to bring to the Toys for Tots every year, I just placed an order on Amazon to send 3 scooters and 4 LEGO toys. I hope this helps you toy fill a truck but more importantly help bring a smile to a child on Christmas.
They will be delivered Wednesday and Thursday this week.
George
Many blessings to you, kind person!
I would try to keep the mechanical reconditioning out of house as long as possible. Less of a headache to deal with.
Most businesses take a few years to turn a profit. With interest, inflation and underwater vehicles it could take awhile. Plus repos and junk coming from auctions. Most all dealerships are having a rough sales year. Might take a couple more years before things get better. Just hang there keep the videos coming and keep the money coming in from youtube and any other outlet, that should help keep the dorrs open. There will be better days ahead.
It has not been easy for anyone that depends on the car and truck industry the last few years. Evan my company has struggled. Our biggest issue has been finding work trucks for our fleet. It took 2 years to get one fleet order. You just got to work through it and manage the issues the most efficient ways you can. Keep focused on customer satisfaction it will pay off!
Good mechanics already own their own shops OR are already employed. This one is going to be supremely challenging. Happy hunting!
Keep your head up! It’ll get better.
Good Luck Mike. What ever will happen... will happen. Go with the flow.
You have to respect this man's hustle.
Wishing you the best
Good luck with the new employee. Sounds like this is a great opportunity for someone!
Mike...Love your videos and you are right I wish I could stream at least 1 or 2 nights a week! Keep up the good work brother...Wathced you for years!
Now that vehicle owners are giving up their cars, auctions are desperate getting rid of cars.
starting a used lot through out covid and after has not been easy. so i feel your pain. we are deff not at the place we want to be yet. granted we started with almost no money. turning cars has not been an easy task
Hang in there, live in Illinois and been keeping a eye on your inventory. Thanks
Have you called the Dude to tell him what you want? I'm sure he can keep an eye out for you where he gets his stock from!!!!
The car business or really any kind of business right now is hard to run. The economy/higher interest rates don’t help when people are maxed out in debt. Ression/laying off of jobs uncertainty of what’s gonna happen in the future has paused a lot of activity in big purchases. These last few years was just a temporary sign of wealth. Even big franchises big box stores are having problems selling cars.
I love the intro straight into it. No bs
I wish you the best of luck!
I have heard from many people the hardest part of running their business is finding employees that want to work. It is a sad state of the world.
It's very true!
Pay them its thats simple mechanic should make 100000 a year without benefits thats 45$ a hour roughtly
You would think that would be enough,¿but it isn't. Also where did you get the idea a mechanic that doesn't own his own shop should make 100K per year?@@jasonleatherwood2172
treat people right and pay them well, and you wont have that issue!
Yes you still have the issue.@@reformedartist8528
Keep your head down and keep grinding. One day you will look up and think. "How the heck did this all this success happen?"
Very sorry to hear that. I hate to say business is fold… you’ll have a good year. Trust me.
It's it crazy that I want to see your endeavor succeed? Not at all! You seem to be legit 👍💯 definitely like the efforts and growth I've seen so far.
The deal is made at the buy not the sale, and most dealers cannot buy cars correctly. Facts
Things will improve stay positive
I will be praying for that for you. You make good video 📹❤
Mike you rock
What about providing a space for people who are selling their cars privately. Let them park their car in a specific spot in your lot. That way a seller doesn't have to worry about strangers coming to their house, and a buyer can look at a lot of cars at the same time. Charge them a daily fee or a fee when they sell their car. The seller would meet the buyer at your lot and you have nothing to do with the sale. It would even get customers to check out your inventory.
You should sell sheds on that large lot. Sheds and cars....👍👍
Dont just buy cars at auction...search ads..marketplaces..olds folks garages😅...and estate sales turn over some rocks youll find gold 👍
Mike, you’re on the right track. I love your videos my love watching you when you’re at the Chevy dealership, so far, you been successful with your car dealership been in sales for almost half my life thing I would dress is maybe like a uniform for your employees that makes everyone look professional I. have noticed in some of your videos it looks like everybody’s going to a barbecue . Could be wrong, but maybe something to think about .
I have a car lot in Oregon but I’m struggling to sell. I wish I can sell that many cars in one week lol. What marketing companies do you use? Autotrader is very expensive 😅
Finding a great Tech is the most difficult position in a small independent car dealership.
Scotty Kilmer
@@alinatamashevich3354quack
I saw your ad on FB for someone to do your DMs. I work from home now and would like to apply.
I just wish your dealership was closer.
Yeah having a dealership is tough no doubt. Where i live in a city of almost 500k people I've seen so many dealers like yourself come and go after some time, and im talking after 2-4 years. Hang in there and everything will work out just fine.
Better to have 15 good quality cars than have the other half just sit to make inventory look attractive that are junk. Enjoy your videos.
DUUUUUUDE! Was that because of ME? I mean, buying the Grinches? Cause I mentioned that in a previous video, and yeah.....due to the current economy, I can barely pay bills as it is. I'd have loved to sent you a case of Grinches, but not able to this year. Hopefully NEXT year!!! (fingers crossed)
I live in Texas, but if I lived near you, I'd definitely love to help you out any way possible on my days off (I work from home here). Not only because you people are good people, but you're a good businessman, and honest businessman, and I think that deserves all the help and assistance you can get!!! Plus, I'm bored outta my mind on my days off, when I'm not able to get overtime. LOL
But yeah, if I hadn't mentioned it before, I was in the retail industry when I got out of high school back in the 80s. I was in retail until 1999 when I switched to office work, so I learned a LOT about "ins and outs" of retail, which pretty much apply to all sects of retail.
I have some thoughts you might ponder over..........
* Buy some "filler" stock for the lot. "Filler" stock are vehicles you can sell for under $7000.00......mostly known as "cash cars". I know you want to carry the best merchandise you can get, but in order to attract more nosey shoppers, you need to have some filler stock/cash cars on hand.
Typically, and I know you know this since you worked at a dealership, advertising "cash cars" can bring in more eyeballers and nosey bargain shoppers that have to pass by your "fine" stock in order to get to the cash cars, which are typically in the rear of the lot.
*Filler stock/cash cars can be perks for you as well. Not only do they bring in bargain shoppers, and nosey shoppers.......they fill empty spaces on your lot, which make your lot look MUCH more inviting to nosey shoppers and lookeyloos. I've seen many used car places in the DFW area do this. They have the top line stuff up front, and the filler stock near the back, and usally have at least 5-10 of them.
*Find rare or not often found colors to stock. I am particular about my vehicles. They MUST be a dark, sparkly grey with dark grey or black interior, or a dark burgandy with dark grey or black interior. I will not buy anything else. I also will not buy anything over 80K miles thats had more than one owner.
My recent vehicle is a 2012 Acadia, which I've been waiting to buy SINCE 2012! (bought it in 2017)
Ater years of keeping an eye online, I finally found a FIVE STAR rated used car dealer in Dallas, that not only has his own mechanics, he has ALL of his stock in a converted warehouse! And he buys the NICEST vehicles!
He was asking the right price, for the right Acadia. I went to test drive it, asked my series of questions, he showed me the CarFaxes on it. I was happy, traded in my truck right then for the downpay on the Acadia, and I've never been happier!!!!
I'd think at least ONE "popping" color on your lot will attract people like me as well. I'm talking greens, yellows, purple, chocolate brown (another fav color of mine), and that Electric Blue which is extremely nice.
One or two on the lot is sufficient for your size business. It's an eye catcher for sure, and usually brings in a lot of lookeyloos.......it does around here.
*Since you live up North, might I suggest offering to give your vehicle buyers discounted undercarriage coating. Where they get the underside of their vehicle cleaned and coated against rust and weather.
*Buying filler stock/cash cars can be easy and cheap. You can buy old cars people are looking to get rid of cheap, you can buy vehicles from people that just want them gone, and you can buy cars cheap that people just don't need anymore. This can be from car rental places, little old ladies, people who bought something and decided they just didn't want it anymore, or individuals looking to sell their old vehicles for money for a downpay on something else. Those types of thing. Most prices down around my area would run about $1000-$1500.
Always take your mechanic with you. Buy what won't need much repair.......usually under $500. And sell it for $5K plus.
I would also think about a 60 day warranty on these filler stock/cash cars as well. It makes the buyer feel more special because not very many used car dealers will do this with their cash stock. And you and your lawyer can set the terms of the warranty, so nobody gets taken advantage of.
*What kind of person does "filler/cash" stock interest? School kids, college kids, parents looking to get their kid their first vehicle that can't afford much, people looking for a second vehicle, people in need of "cheap" wheels, people who love "classic" vehicles, and people who don't like all the computerized stuff on these more modern vehicles.
And of course, all of this gives you MORE OPTIONS to place on your advertisements. "Cash cars" available! "Lime green" Dodge Charger on the lot NOW! Buy it before its gone! 1997 Cadillac Fleetwood, MINT condition, only $$!!
*And think of your lot as Noahs Ark........2 of everything. 2 trucks, 2 small sedans, 2 large sedans, 2 SUVs, 2 compacts, 2 heavy duties, 2 sports cars, etc...... Gives the illusion of a wide range of vehicles on your lot.
*Some used car dealers down here also rent trailers for hauling and moving. Not that you need to get into that, but just a thought.
Something to spark the ole grey matter hopefully, and give you an idea to beef up your lot and bring in the shoppers!! I'm sure you know all of this already, but sometimes we get so involved with making things great, we can forget the little things.
🙂👍
You should make people pay for this kind of stuff. You basically gave a whole college course on how to run a small car lot.
What percentage of your sales involve trade in's? Does that vary with the prices of your cars?
You need to buy off marketplace and CL. We call all of them that we can.
How's Grant? Not a bad problem selling the cars fast.
Is grant the one that Mike says “walked out”?
@drizzy1920 no. Grant is an amazing asset to us. A employee at my detail company walked out.
What is the deal on the motorhome I think I saw on the lot. Been looking.
I believe the dealership to have is Subaru. There are not that many and look around at how many cars are on the road. All Subarus are all wheel drive except the 2-seater BRZ.
you will do well
Honestly, I blame this on the economy for the way things are
You should try to get in with the new car stores in the area. I'm sure you have connections. Some car dealers are able to buy all the trade ins that come in. That way they don't have the hassle of wholesaling them to the auction. You might have some losers in with the good vehicles but I've seen dealers make this work. Safe travels.
You went into the used car business in one of the most difficult times to do so, especially it want to be ethical. Even new dealerships can't get mechanics as not enough are entering the field. Many can't afford cars as retail prices and loan interest rates have jacked up.
F being in business too much taxes and bs I use to be in a own a small heating fuel company No way I ever do it again investing and hoping to get on return good luck with that .
Me and my wife we decided to help those kids in need specifically for me that never had a child hood or a toy. So to pay it forward we going to start sending you toys from California
Send toys but don’t send toys we want to play with🤣🤣🤣
More videos !!!!
When do you plan to asphalt the parking lot?
I miss seeing you put happy customers into a brand new Corvette!! The good old days!
Add a lil “ghetto curb appeal” : low end tuners/custom cars/lifted jeeps
Sorry to have lowered your inventory but we are super pleased with the van Grant sold us!
We will let it slide. 😂😂 enjoy your van!
You should come to Georgia and attend Red Top Mountain Auto Auction.
Inventory is an issue everywhere. The push to scrap old vehicles and the COVID supply chain problems Mena manufacturers have been concentrating on getting high end vehicles out vs basic models to ensure maximum profit. That's why trucks are $40-50K now for ridiculous not suitable for actual working purposes rolling shiny city trucks.
Anyway got some toys headed your way.
Hi Dave, buy the way, Google maps has your location as Faith Automotive, not Dave's Auto. I was thinking of taking a drive down to you from Berkeley, IL (any vans there?)
whos dave?
Sounds like you need a relationship with a finance company to build your inventory. If youre really turning over cars in 10 days, your added floor plan costs would be minimal.
Sounds like you need a wholesale buyer to get you inventory from auction!
Is it true that used car prices are dropping like crazy?
one problem is finding good cars that you can sell ...... there are a lot of cars out there but since you want to sell only cars that you have checked and found no major issues with is hard to do .....
Frank is feeling so deflated over the state of things. lol
What was the place you suggested to replace your cars Key Fob ?
tomskey.com/?ref=ChevyDude
Looking to upgrade to a 3/4 ton, I'll give you a deal on my f150 platinum.
Floor plan ?
New York got ur back always
This is the 2nd year of many blessings with all due respect why is my man frank laying out there like that 🙏 😢😢😅😅
He’s a lazy bones 😂😂
MIKE YOU NEED A SEASONED BUYER AT AUCTION;S WITH IN 500 MILE'S OF YOUR STORE LOOK,TOUCH AND FEEL THE UNIT'S.I BOUGHT AND HAD A BUYER WHEN OWNED MY VAN AND TRUCK OUTLET ON LONG ISLAND N.Y. SOLD 25-30 UNIT'S PER MONTH THAT'S HOW TOO HANDLE YOUR BUYING PROBLEM.BUT FINDING SOMEONE TO TRUST.NOT EASY.
Business boom in a down turn car market. I wish you all the luck.
Almost in the same sentence....."we are failing........I have almost one million dollars saved up" Love this channel!
A million for a car lot that sells much newer cars with low miles only gets them maybe max 50 quality cars plus utilities, expenses and pay roll for everyone working . And if the vehicle needs service before selling then that id also acounted for. It goes super fast. My small lot where i work we only buy maybe 5 okay cars max at a time on a budget for just cars sub 40k and it goes pretty fast.
You can fail and have money in the bank.
@@19mychannel Yeah, its my understanding it is a tough business. Hopefully this guy is getting some YT income to help out.
Mike I think you need 6 or so “top flight” vehicles like corvette, Land Cruiser etc. I’d sell u. My 23 Z06 70th anniversary! That would be ideal. Also adding to you building in front to create a showroom is something I’d do.
why does he always exit the door at first lol
I was gonna ask how much are you willing to "overpay"? I'm in Vegas and would relocate. I really want out of Vegas, but need to have a good job to move to. Was a Nissan dealer tech for 4 years. Worked in a few independent shops as well. Everything from repairs to 2k HP GTR builds.
Can you talk about the car industry more meaning pricing and demand
You need an easy access inventory, including prices, on your web site or a web site specifically for cars only and include your business address. Also, you need an easily identifiable hot link to instagram. I don't follow anyone on instagram and there are lots of people like me out there. Suggest you make videos that only include information about each car you have, a walk around detailing engine, equipment, inside cab and so on. Also, consider shipping to customers. I suspect that most people will not make a long trip to purchase a car unless it is a spectacular price. Personally, if I knew that I was getting a great price on a car I wanted, I would fly to your location. Also, consider Toyota, Lexus, Honda and Acura.
Got a used 2000 Honda Civic EX for sale. Slight miss, slight hesitation and PA rust. Other than that it is cherry! will sell cheap! HA!
How much does it weigh?
I hate to say it but if you have to question if he is going to show up on Monday, then you picked the wrong guy. Also, this is one heck of a bad time to be a car salesmen. But I am sure you been through these kind of hard times before so hopefully you make it through unscathed.
I think you’re great. I’ve been talking to the guy at flying wheels and am really close to a purchase but I’ve put that on hold because you really seem like you care about your costumers. I’d like to talk and see if you can do anything. I’m not much on car salesman but you’ve managed to change my mind. I filled out a form on the website and if I get called back I’d really like to see if we can do something. Good luck and God bless.
How far off is your own chevy dealership?
Hey Mike, how often do you sell BMW's??
There is no reason you can’t buy cars from the auctions, you should hire a buyer. Someone who knows the dealers and the buyers.
I retired after 50 yrs in car repair business. Went to work picking up cars at auctions in Nashville and Indianapolis. Very few of those cars were worthy of an honest car salesman like Mike. I suspect I would reject 75% of the cars. Sad what goes through those auctions.
@@dharley189 That’s very true , I sold cars and later managed the used car lot for a Lincoln Mercury dealer. I learned you had to get to know the people at the auctions. From the ring men to the auctioneers to the owners of the auctions. You also had to know the sellers and the dealers. I know times have changed but setting at your computer bidding on cars you can’t hear or touch doesn’t seem the best choice.
I by no means was a expert and made some mistakes but I would go into the shop and talk to our mechanics to learn what to listen for before buying a used car. From selling for years then buying cars at auctions it was all a learning experience.
I found the longer I was in the business the more I disliked it. The hours were terrible. There were no such thing as paid holidays and the only day off was Sunday. The money was good but you had to look at every new customer as your paycheck. When I sold cars The people you gave the best deals to always thought you ripped them off. And when I managed any decline in business the dealer blamed on you. I will never forget 9/11, the dealer came in my office I had the radio on listening to what was happening. The dealer walked in and told me to shut my radio off. I should be doing things to create business not listing to the attack . That was when I lost all respect for the owner of the dealership and the car business.
Need a cloning machine for my dude. Make at least three of him.
March on family your values matter…!
nice setup with rich, how is that fail..
Rich has to work on his customers cars. So ours will get pushed to the side. Him being one guy it’s a difficult juggling task.
Also does not help that is interest rates are insanely high. I would be in the market but not paying 7+% interest rate, when rates go back to 2 to 3 % I'll look..
Isn’t it a option to buy your used cars straight from a dealer ? I can imagine a GM branded dealer doesn’t want to put a Toyota or BMW in his inventory used cars. Buying them straight away saves them the auction troubles and faster return money .
Do you buy cars with rebuilt titles?
Dude I don't know where you get time. I get it. I have only 2k subs, I get calls all the time with questions about my content (bonded titles, mechanic liens, etc) I don't seem to have time to put out new videos. And I have about 5 cars in inventory and I sell basic transportation and BHPH. All that being said, you have a lot more going on then I do and I wouldn't beat yourself up.
Did the auction company/dealer refund you for your transport fee?
Wishing you the best luck to grow in this economy.
If you can get past 2024, you can get through anything!
Operating any business in a bad... no, worse than that, I am going to go with a horrible? Detrimental? Catastrophic? Whatever adjitive you want to use... economy isn't helping. Car prices are on the rise just like everything else. I find that when gas prices rise, which is the blood of the economy, everything is connected to it like a short bungee cord. Prices of everything shoots up with it but when gas prices fall like they recently have... suddenly that bungee cord turns into a parachute, slowly falling to match the low gas prices. This is likely due to all the lost sales where only minimal amounts of food, gasoline and shelter was bought by most people during the high gas price era.
I would hire the mechanic you rent the shop to.
Hey Mike 👋 Not sure why the note never made it but my company is the one who sent you the 50 slinkies along with a chevy wall clock (clock was for you) We sent you an email about it but assumed you get a bunch of emails. Hope you enjoy!
- Mudders Creative 🎄
Do you still have your salesperson?
😊