Dealer Auction Dilemma: I'm Risking a Massive Loss trying to sell My EV
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- Опубликовано: 17 мар 2024
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I brought my $103,000 Audi Etron GT Electric Vehicle to a dealer auction but the EV Car Market has Collapsed.
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Dealer Auction Porsche Taycan Audi Etron E-Tron GT RS Turbo S Cross Turismo Rivian Tesla Model 3 Y X S P75D P75 P100 specs 0-60 prices values for sale near me market adjustment are prices falling coming down when is the best time to buy EV Electric Vehicle Mach E Chevy Bolt Volt Nissan Leaf Best EV Most Reliable Wholesale vs. Retail
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I owned a Audi 40 years ago. I am still mad at Germany LOL.
Take the car home, quit bitching and take the car home
bring it back to audi as downpayment on what you want..
One match. One cent. Boom. It's all over. Car gehenna. Audi etrons are so hated. Cast thar demon off your lot
Get a Rs4 v8
To pay 81K for a used car to then have it lose at least another 30K in one year is nothing short of absolutely WILD!!!!
Par for the course for European luxury cars. Nobody wants to be around when the inevitable five-figure repair bill is handed down.
I wouldn't pay $30K for it. Big gamble at that price. What's the battery replacement cost, 20-30K?
@@g18886Right...and this is what's going to end the EV push despite what the government is trying to mandate. When people see how badly they are depreciating the future sales will be dismal and no company is going to continue building cars that they cannot sell and stay in business. Thankfully this is a consumer driven market and the government be damned.
Crying Wheels is very proficient in losing money on cars. "Buy high Sell Low". I have no idea how this guy stays in business. He should buy cars for 5K and sell them for 10K. The tax refund season is here. Nobody that buys used gets 81K for a tax refund. Some people never learn.
I don't get this guy. He's been in business for however long and he handles business like a total rookie
Market value on that audi ev is certainly not $70,000 my friend. Your auction dealer friends let you know pretty clear what they All thought.
There’s no friends at the auction…!
That's right, there are no friends at the auction.. something's worth what someone will pay for it I suggest with a car like that you do a little bit more effort on selling it ... not just at the auction, but maybe Nationwide there's an idea.
My advice.... It's a very unpopular car but nice to drive so.... Drive it!!! Use it daily.get your money worth from it. There is or was a guy who bought an Audi e Tron who found a number if faults in it and tried to get a refund. They refused so he began making videos advising people to never ever ever buy Audi e Tron. Audi saved 100 G but lost millions to people who wanted to buy an Audi but after they saw these videos ran away and bought .... TESLA ha ha ha ha ,(I don't own a Tesla, nor have shares)
Craig seems to be a common story. A friend bought a Lightning for $95k and after just 1500 miles decided to sell it because of limited range. CarMax and Carvana both offered $39k for the vehicle.
bargain!
That is quite the haircut 🙃
Awesome 😅
@@Logicallyspeaking4me He wouldn't have a choice.
That's why I always buy used 3-4 year old cars from first owners . They take the 50% depreciation
Man it’s problem and problem with this guy which he causes himself. Amazing he’s still in business.
I was thinking same thing.
Mr. Steps on rakes
1st World Problems man ..
To be honest it’s the nature of the business 😂
Sabotaging yourself by making stupid decisions is "nature of the business"? As a business owner I do not concur. @@ouzdram9964
There's a British guy on YT who bought a top spec Porsche Taycan about 18 months ago for £120K (USD 153K) and he became to hate it & wants to sell. His Porsche dealer does not want to take it in part exchange & he's been offered between £27K & £45K from other dealers ... for an 18 month old Porsche !!!
That "British guy on RUclips" bought it to promote this channel.
It worked.
The fact he's an idi0t is beside the point.
.
(Yes, I'm British and no, he isn't working watching)
that's coz the UK gov have screwed car manufactures by 'forcing' them to sell at least 30% EV cars (of ALL annual sales - which Tesla do), but other manufacturers don't want their EV cars back!
One of my neighbours is driving a 2023 one. Absolutely mental
Moral of story only buy car you're prepared to keep for a number of years, that also is not an ev.
How is the Audi e-tron GT not an ev?
@@ozzierabbit587 That's not what they meant, read between the lines
Incompetence is the norm today everywhere since the pandemic it seems. I feel your pain. It seems very few have pride in their work but want top dollar for everything .
You've developed a new series...cars I love to buy and lose money on! Can't wait to see what you buy next!
Hello Craig I am not a big media user, but I am so happy that my son turned me on to your site. I believe what you are doing is so informative and interesting to people like me that have no idea of the bulls**t small dealers have to navigate.
Thank you and God bless
Hey Craig, no worries, people paid $50k over sticker for Tesla Plaids ($150k) and they are now worth $75k. You will be fine! Black widow is an aftermarket upfit package, Grille, lift, wheels, brake caliper covers, leather interior upgrades. A major waste of money!
Don't worry Craig makes a significant portion of his income on the car content as well... he's ok.
Tesla doesn't charge over sticker. this is not correct.
Hey everyone it's Craig from crying wheels!
that is very funny !
looks like he has fallen victim to the algo's. they're telling him to create disaster videos. it started when he towed the boat from FL.
"The Man" is always kicking Craig down.
exactly!!! this guy is so annoying!!! always crying about something white entitlement!!!!!
Lmaoooo
Even Audi loses money on Audi's.
Craig, stop putting stickers sideways on your windshield. It's childish and stupid. Fast and furious days are gone 😂😂😂😂
I think it would sell for more money without the sticker
Electric cars are going to be like a washing machine, not worth anything on resale
Depends which one. Luxury ones like Audis and Teslas, I agree with you.
For "Regular consumer" ones like the Chevy Bolt, it is much cheaper when new. Just received a dealer offer on mine for a trade-in I'm thinking about doing after owning it for 7, almost 8 years and depreciation is similar with what I would expect from a ICE car of the same age. In my situation, I used it everywhere I needed everyday I needed it. As a bonus, the car paid itself almost twice in gas savings with the mileage I did.
@@leewaymodels as soon as the warranty on the battery runs out it is unsellable.
I don't think you will get anyone near 70k for it. You'll be lucky to get 40 or 50k.
Probably 55. Craig has it 10k over MMR. He can either take the hit now or later. MSRP doesn't matter. He's also forgetting to add EV tax credits he likely got when he bought it. I don't see a fan paying him 10k more than what it's worth
@@awsomo53
Would you pay 55K for it?
Agree. As we’ve seen, EV’s are losers long term. Not sustainable. A market scheme gone horribly wrong. Just another example of lobbyists manipulating the market to stuff money in congressman and senators pockets.
I was thinking in the low 50's, but just a guess on my part.
I see it for sale on Carguru between 49k and up
Commenting before I watch. I was in the commodity business for the last 15 years of my working life and I can tell you that your First Loss is your best Loss!!
Why not sell the ETron on Bring a Trailer or some other nationwide auction where you'd get a lot more qualified buyers than a local auction?
Then he would realize the market price is really low atm. Many are panic selling these because of fear.
Black widow is a conversion company. They used to be called southern comfort which is why it still has the 2 tone fade paint. That was a staple of the former southern comfort trucks.
Manhiem absolutely sucks lately. They have no competition so they can get away with higher fees, poor customer service, and the most inconsistent and biased inspection/condition reports. Some viewers might think that you are being petty/bitchy about them dropping the ball, but their mistakes cost you thousands of dollars and your time. No one at these auctions takes pride in their work and their bias for only the top volume sellers is now not even hidden. I'm THIS close to just being done with the auctions and buying only off the street. The selling prices on the street may be $1,000 higher, but after fees, transport, and less risk (since you can inspect it more), it's actually a better deal. Plus you get the title right away.
I hate scuffing my wheels. Hate it. It's like the worst feeling ever. I'm screaming Fuck! at least 19 times straight. You handled that very well sir.
An Audi GT with the same mileage and year around here is $60k. There are 4 of them available at that price point. I am not sure about the market in Danville, but at 70k it would be too high here.
There are two near me with less miles for $48K at a dealership. Chicago area.
@@dazzlingd yep saw it, depreciation is brutal, almost like a 7 series lol
What you failed to recognize is that those vehicles are all titled as lemons. I stopped everything to go see if it was true. I was ready to hop on a plane tomorrow...once again ppl on the internet who have no idea what they are talking about. @@fisephalnoxt
Dump it Craig. What can you do, keep it another year, next year it’s worth 20k?!?!
This is the prime example not to purchase a EV. The depreciation is ridiculous on EV’S.
I made that mistake. Going back to ICE. Staying there.
Thank god your Chanel is doing well to offset the loss on any cars. Great Chanel and content
The trick to not running into something in a tight fit like your trailer, is open your drivers window and watch your left front tire. Aim it as close as possible [1-2"] from the left side whatever, ...the other side will be good. [Obviously with a known width]
Craig I love you Show but lately you seem to be whingeing too much please less talk get back to buying cars at the Auction i enjoy seeing that Just my thoughts that’s
EVs are not real cars. They are just appliances… I’d never own one, even for 80% off!
Don’t
You should have bought the Daihatsu for your brother.
It's a Japanese Kei car. 660cc intercooled and turbocharged 64hp.
You did good with the Toyota Soarer.
aren't Daihatsu's made by Toyota?
@@chivosadventures8171They were bought by Toyota, but Daihatsu is still a seperate division from Toyota.
There is no used car market for expensive EVs. Period.
Not anymore there was.
Wow, this is crazy! Sounds like the auctioneer messed up with your Audi, but snagging that Lexus SC400 for under $2000 is epic! Manual swap project time? Here for the journey Craig!
You're never going to have the price you want for the E-Tron, in England the Taycan looses 60% of their value in 2 years.
Bought a Taycan 4s for 62k with 14k miles every option original MSRP 141k, good luck at 70k the used EV market is dying with 2nd hand buyers.
All EVs are sinking ships Craig. There are ZERO EVs where the values are appreciating. Nobody wants a used EV with a degraded battery pack that costs more than the vehicle is worth!
You really have no idea
It's not a $11k "loss" if you used it for a year. It's the cost for using it for a year.
Man some of these comments are toxic. Thanks for sharing not only the ups, but the downs of the business as well for those of us who are actually interested. People expecting someone to be enthusiastic about losing money on a purchase is crazy to me.
Mabye you can get someone too steal it or burn it down in a parking lot so you can do insurance claim
great stuff thanks , nice to see papa AL.
I feel your pain brother! Keep on truckin along.
No more ev Craig at leat not for a 100k. They are like A Maserati with the depreciation 😢😢
Take a sip of tea every time Craig says German quit
That's an old joke
I do miss him though
@@FlyingWheelsare you live right now? How do you edit a live?
When you lose good help you realize just how good it was.
German was a hack
Surely you would be better selling at a Public auction especially that new a car selling at a Dealer auction drastically reduces what you will get for it because they will only pay trade prices.
I would dump that electric toaster whatever it takes.🤣
FWIW, the municipal Colorado with the Orange seal at 7:20 *might* have come from my town. Even though it is blurred, it looks really familiar!
I'm amazed you expect any other result with your industry experience. I'm just Joe public and I can see that all these EVs are sinkholes. Being AUDI makes it even worse
I remember seeing your post on the ACNA Classifieds Facebook group and writing a comment about you having priced it too high. This car is the stereotypical example of EVs crashing their values at an astronomical rate. Plus Audi doing insane discounts on new ones does not help.
I guess everyone needs a 'crazy fast' Porsche with 600hp, especially when you're schlepping the kids around.
Ok try this get the auction to market it/advertise it call some California dealers let them know its being auctioned then run back thru the auction to see if marketing changes the price
Nice video. Earliest ever ice out at Lake Winni! See you at Braun Bay soon!
Next time have you or your staff check the website to see if it’s on there in advance
Run the Audi through the same dealer only auction again 2 weeks from now... but this time hand hold the auction to get what you expected/they promised.... the marketing, website visibility, showcased in the front, great auction number, etc. It's the right venue, just a bad day of circumstances.
I have a 97 ls400,love her
I had an ‘99 I sold two years ago after having it for 12 years. Best car ever made!
I just got a 1996 LS 400. Have 2 get a new computer, and a ton of other stuff including all the seats or get em reupholstered
Just purchased a 1996 LS 400 with 102K miles.
How much did you pay for yours? I just got one in pretty decent shape, with 116K miles on it from the original owner for $1900. With all the maintenance records. Cars just aren't selling like they used to. I mean the guy had on marketplace for 2 months at $2800 and he couldn't sell it.
That’s amazing. That’s a lot of car for not much money.
@@CMills1975 Probably the most reliable and amount of car for the money, period. You can't beat it lol.
That's barely broken in.
Those are GREAT cars, over designed to go 300K-400K miles. Cheers!
I had a ‘92 Lexus SC300 with the 5 speed. Probably the best car I ever owned.
That Lexus SC400 was a STEAL! I remember my mom taking me with her to the Toyota dealership when I was a kid around 1999 and she test drove a new Solara first, then a Celica, then a used 94 or 95 SC400 that I guess was a trade-in and I thought it was cooler than both the other new ones lol - I think they denied her credit at the time because she came home with a 92 Chevy Cavalier Z24 the next day 😂
I used to valet park cars back in the late 80s and early 90s. The sc400 and sc300 were my absolute favorites. Quiet and fast. It was when Lexus was brand new. I remember getting into LS 400s and couldn’t believe how quiet. If I remember correctly when you open the door the steering wheel tilted up and in automatically to make it easier to get into and out of the car.
Bro, MSRP of an EV is meaningless !
Other dealers only know EVs are IMPOSSIBLE to sell and the value is in freefall!
You should write a book: “Art of the Loss.” On a different note, how does your marriage survive all the car drama and financial losses?
The losses, offset the gains at tax time I'm sure. Probably works out well, considering he has youtube money to claim as well.
You have to get your head back on. You buy cars to retail them. Not keep them. But one car a year that you love and drive it. Be prepared to lose your butt when you go to sell it. People don’t have the same tastes as you.
Havent seen a SC400 in forever, was my fav car when I was younger until a Chicago cop t-boned me leaving a Bulls game.... good thing those lexus doors were double reinforced! So miss that Nakamichi sound system that blew everything else away back then.. had so much fun w/ that thing
That car today isn't worth more than 60K retail. But whatever bath you will take today will pale in comparison to the bath you with take once the BYD electric cars go on sale for 18K new in the US. Rip that bandaid off fast and call it a stupid tax. Lol
I like to know what brand will byd be under to make it on US soil
who wants that China crap? Some look for every $ but I think most want sth where they can rely on and with good service. Buy a Toyota or Honda if on a budget and not China experiments.
@@edci9370 great question... maybe they will rebrand as FUSA
Truly enjoy your videos
we are not in the car business to love cars we are in the business to sell them a real car dealer
Craig, when you realized the Audi wasn't registered and the wheels were scratched, that was the time to pull it from the auction. You say you love the car, it already took the depreciation hit, consider fixing the wheels and keep it.
Pretty cool you keep your fans in your videos. So many get hostile when a fan crashes a video.
Whenever I see an audi on the road I feel sorry for the driver.
Haha same here. My cousin got a used audi. Don't know what she was thinking .with 50k miles . She drove it for 2 years and something in the transmission failed .going to cost thousands to repair . So she just drives it back and forth just to work like 9 miles total. If she wants to go further she takes her mom's 2006 toyota camry lol
@@kustomchevy27 People who don't know about cars always like shiny cars lol
I’ve driven Audis for years. Love them.
I would of gotten back in the car and left and tried it at a different auction who gives the car some notice..
My dream car since I was 20 was to own a STI, life has gotten in the way and I am now 45 and still do not own one.... Maybe one day.
EV is nice for those that want one. I just never had a problem with my ICE. I'm glad that we have options and maybe one day I'd give it a shot but it won't be for at least another 10 years from the videos I've watched.
The good thing is the auction services of that company is useless don't use those services of that auction
You aren't getting 50k for that thing, anyone buying in the back of their head is saying I'll be doing a 25k battery swap later on when it dies
won't die. Bigger problem is the depreciation. New cheaper EVs every week and technologies develop fast. It will last you a long time if you keep it until the end. But it'll never sell well.
That scratch make you not even want to drive it. What movie is that from Craig? Hint, look at my ruff, look at my ruff 🤣
we picked up one of the 1st gen scs under 1k. no one knew what it was. great car and simple to maintain
edit. oh nice ya got it for under 2k! def a steal for that condition
You would think the auction would make the oversight up to you- how bout promoting the heck out of it for an upcoming auction and giving you a discounted commission for the inconvienence. Where is their customer service at??
I would go for an IROC Convert since you're into old school. Iam sure your family of 5 would love to push and get you unstuck on your way to the ski hills. LOL
He doesn’t end up selling it
Waste of time
Not at all. It is a great lesson for all of us to not be so stupid.
Craig,
It's not rocket science mate. The Audi EV is a rapidly depreciating asset and you've two options:
- suck up the lost value and keep it as a personal family car
OR
- meet the market, advertise it for $55,000 and offer low cost Finance, Insurance, and Care Plan and hope to pick up some dealer commissions from these add-on items
You keep it longer, You lose.
You gotta clear it asap.
Warmest Regards - David from Melbourne, Australia
🥸👌🍷🍷❤️❤️🦘
55 is still above market, market value is around 49k for the mileage
You are so entertaining. I totally get that other businesss suck as well as most people 🤣🤣🤣
Hi Greg truly feel for you this auction day
Love the videos! I'm not a EV fan but it looks pretty cool. I've been painting cars for the last 30 years and just built a ls swapped 59 corvette best car ever! I'm also in the north east and hate winter, best daily driver Toyota Tundra.
Sure the E-Tron has lost loads of $$$ even more reason to keep it as its done most it's depreciating now
the problem is the battery. Idk about the US but I think there is a 8 year warranty on it. After that it is worthless. Depreciation continues.
why arent you selling it retail instead at auction
Nobody is buying that thing! He was one of the few suckered that did!
Well you certainly made that young fan's day being on the channel so it wasn't really a waste of your day.
I parked my cycle next to one during bike week. You’re right, they are “mean looking “. First one I had seen in person.
Hello
If you don’t mind me asking, what dealer auction do you use?
They are 95k and up here in Canada and mostly well over 100k. No point in buying a car and dumping it after a year or two. I keep cars for a long time so not much of a depreciation hit. My oldest one is a mint white 2010 S4 with 455hp and a monster daily driver. The last 2 911's were sold for a bit more than cost. One after 2 yrs and the other after 5 yrs. That etron could be driven for 10 years plus. Audi uses separate cells that can be replaced according to their website. My current modern type 911s is worth more than what I paid in 2020. A fool would be $4700 per month on a 42 month lease for this 911. I have no loans on any cars.
educational!!
Boom! Karma quote is from Couples Retreat.
I loved my Turbo Taycan almost two years ago when pricing was $130ish. I took a bath and now much much cheaper. Give it a thought.
Audi and Porsche definitely need to rethink their pledge to go all EV in the near future. The EV has its place for some people but these manufacturers that believe that they consumers will drive the EV market to even 50% in the near future are simply in for a massive wake-up call. EV's aren't even 10% of the market in new vehicle sales and demand has fallen off a cliff. In addition, the massive depreciation isn't going unnoticed by new car buyers and also shows just how little faith people have in buying a car powered by a used battery.
Black Widow is an outside company that upgrades a factory truck. They are dropshipped from the factory. 20 to 30k package.
I would die to have Craig’s issues. Poor guy 😮
Just keep it man!!!!
(SCA) Southern comfort America performance puts together the Black widow edition f-150s.
I love that lexus sc400 ive always wanted on and hey you could always do a video about the etron on how its been to own if for a year
lol Craig ranting………should’ve taken it to Mecum! 😂😂😂😂
When you can recharge an ev as easily as a petrol vehicle, I would consider buying one. I usually buy cars when they are 10 years old or even older though…..
I wonder what the Daihatsu sold for. Ive always wanted a small RHD vehicle.
Awesome content um never load a car at night time and it gets scratch on the trailer then the repair afterwards the next morning
The Lexus was a real good buy, as to the Audi; they are called "toys" for a reason. I bet you are going to get clipped for another $650 to repair those wheels. Glad I am in the meat & potatoes end of car biz. IMHO, without a MMR and doing the marketing the right way, selling this unit would be tough. The Manheim sale at Bordentown N.J. or Manheim, PA might be the best place the sell the Audi. Lot's of deep pockets and export buyers who love exotics.
Those high end EV,s seem to be depreciating by around 50% in the first year and then the depreciation just seems to keep ongoing. Porsche tycans are droppeinglike a stone, some are nearly unsaleable. I would take a 20-25 loss and move it on before its worth nothing. A tycan battery is over 50k to replace, Audi must be similar as they are the same platform
How do you do that kiind of damage.....when there is no pressure?.....
Send it back to auction, but this time confirm your number before taking the car.