No Sales At Auto Auctions Are CRUSHING Car Dealers
No Sales At Auto Auctions Are CRUSHING Car Dealers
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Wholesale used car prices are still falling. Thankfully, retail used car prices are starting to catch up! Ray and Zach take you through the data to show you why cars are becoming more negotiable with every passing week.
Long way to go before dealers actually lose money on the retail side. Huge margin between retail and wholesale
Money is an issue that everyone has for a better and luxurious life, it was hard for me until I started an investment which is now helping me generate an earnings of $ 15,435 per week
Jesus Christ guys prices fluctuate on a seasonal bases since forever! It does not “crush“ the dealers since most right down old age units quarterly. If you’re going to report at least be accurate.
Going down from ridiculous highs doesn’t move the needle.
Here’s something I’d like you to talk about. How about title 15 and why is anyone asking for down payments when it’s unlawful. Also when you except a vehicle why does the lender get paid in full and we pay again. 😮you know exactly what I’m talking about. You sound like a lawyer that says he protects your rights.
I went in to a popular dealership yesterday and was shocked to see many people doing deals for cars. Don’t know if they were new or used but they were buying. I am looking for an old car. The one I’m interested in is a 2004 Buick Centura, one owner. Listed at $6999, way too much of course. I won’t pay more than $3500 if my mechanic approves. They hadn’t even serviced it when they showed it to me and I think that’s a very bad way to sell a car. Even offered to wholesale it to me. I said no.
retail prices will not drop cause dealersuck
I hope they choke on the inventory.
So, does this mean my car is worth less when I take it to the dealer or try to sell it myself?
Prices are down $100
New video time as prices are down
Fail
There is still a shortage of vehicles. Their is no telling how many vehicles get totaled out daily. These people whose vehicle has been totaled get sent out the door with a check that can’t pay for a new vehicle. The number of buyers grows daily. Give us the statistics on totaled vehicles. Can include flooded.
If dealers have less cars, they have to sell them for more. It’s simple economics. They sold them for very low margins for years. Also, during the boom, customers were getting more than ever for their trade
The ads from Car Gurus and Autotrader that pop upon Facebook are the exact same prices.
What about pricing for 2018 Dodge Durango rt
When used car dealers own all the books they can set the price. All book values are set by the dealerships. It’s all a scam, they tell you what they want you to think.
Here in Louisville KY the used cars that were on the lot last month are now 3-5k more than last month. Lol
They need to go even lower to be useful for consumers overall because of the hike and interest rates
Jeep told me I had to pay 6k market adjustments. I said nah.
You’re a little dramatic there drama queen. I get it you’re trying to hype up your videos, but cars are not sinking like boat anchors. You’re kinda coming off uneducated or stupid.
Car dealers by and large deserve anything that comes their way. They caused this animosity. They will now live with it!
I’m in the market for C5 – C6 Vette ,, which are getting long in the tooth,, still waaaaay overpriced !!
LOW BALL your dealers. If it 30k offer 26k and stay firm. MMR is down approximately 15% from January. Over 42% of car loans are being defaulted on as we speak. Low ball your local dealer and stay firm. You’ll get the car much cheaper.
Prices aren’t falling. Theses goods were already over valued, and now goods and services are returning to true market value.
I like your videos guys but here in Northeast Arkansas the prices are still high and people are buying like crazy. It’s pickup country here and they fly off the lots I think if people want a new or used vehicle they are going to pay for it no matter the price. Thanks for the videos.
Dealers in CA are not taking their full allocations for some brands. That is telling you something.
Looked at 2014 Camaro ss w 14k miles on it. Dealer price was 32k dropped to 30k I offered 26500 and told them good luck on selling this w the inventory at the auctions. I got a call an hour later with my offer.
😊
Bullsht im a used car dealership….not yet wait 2 years…then u will see that those two ….potato couchs smh
In the long term no one actually really wants this to happen. I have thought about this. If you think $75k $50k or $40k is a decent price what makes you think people will buy at $20k or $10k on a brand new car. I believe the car companies will actually stop auto production before they start to lose major money. Ask your self since when did actually owning a car become on same value as owning a home? It was never supposed to be this way.
sounds like 1/2 the cars that are at auction are basically crap
here is what we were predicting back in April with all the data to back it up, https://youtu.be/ys6a_OBEWtU
Would not new cars would cost more in coming days? I’m sure factory have to pay higher cost to build a car in todays market than 3 years ago because cost of labor, high inflation and supply chains. I can see used prices gotta come down at some point
I say screw the dealerships and I hope they choke on their overpriced units. I am waiting as long as possible before buying a truck. I may lose money on my trade but I am willing if I can get a fire sale price or at least a price that is reasonable and negotiable. Dealers playing the victim on here are laughable after the crap they pull and have pulled on customers in the last few years.
Well so many people come to this country and “game” our system for whatever they can get. Well it’s all catching up to them. Sowey
Car price all way drop at the end of the year becsue cars are one year older now and you can’t beat the holidays
I like Lexus and I’m seeing 5K off , if the car has been sitting since June
I am in the market for a used truck. I have been looking since the beginning of October. I have found four trucks at four different dealers I would buy if priced right. All four trucks are just sitting. The good news is I don’t need a vehicle so I have time to wait. I have the cash they have the steel guess time will tell if they get my cash for their steel.
Anyone else notice the negotiation section on Car Gurus has changed now? They’re trying to make prices look better than what they really are, and don’t want to say how long cars have been listed anymore. The cracks are getting bigger
Here’s the thing. "A lot of people aren’t willing to take the loss…" – they already HAVE taken the loss. Just unrealized. It won’t get better.
GOOD!!!! I hope all the greedy fuckers go bankrupt and lose their dealerships and licenses.
I’ve been shopping for a Hyundai Tucson SUV and it doesn’t seem like the dealers I’ve encountered are willing to go down on price very much. The first dealer I went to said that wouldn’t go above MSRP if I bought a new vehicle from them but they didn’t have the color I wanted. The second dealer went way above it to try and sell me a vehicle which I didn’t like the color and the third one had a different MSRP on the same vehicle I’m wanting to buy and then tried to sell me a package I didn’t need and also didn’t have the color of the Tucson I wanted on the lot, but I could put $1,000 down to reserve one they had coming in which would end up as part of the down payment if I purchased or financed through them. Pretty much every dealer has had a different MSRP for the same vehicle and didn’t want to negotiate very much. What do the dealers know that we buying it don’t know? It used to be you could go into a dealership and they did whatever they could to make the deal, now they seem reluctant.
Waiting on them palaidaides to drop haha
Nothing new there happens every year
I’m going to be 51 years old next month and 2008+ Corvette prices are coming down. It maybe time to upgrade from my Solstice GXP next year. 🤔 Thanks for all the insight on prices.
Still waiting for 2017- 2019 Corvettes to go down…
waiting for a crash prices ,only way i can afford one. 1% is nothing.
This is a great reason for dealers to add higher ADMs to new vehicles, to drive buyers to their used lot.
Dealerships and auctions been ripping people off for the last 4 years. Even with these price drops we are no where near the prices before dealerships began gouging.
Hahah I hope so many go out of business
make it up in the backroom,, ding ding ding. The customer isn’t really saving overall because the interest rates are going up