CRAZY PRICES At Car Auction! Dealers IN TROUBLE! 

I’ve got a 22’ Canyon Elevation with just under 13k on the odometer. Mint condition. One owner. KBB appraised it at between $32 and $34k trade in value and $34 to $36k private party. Insane. Carnax offered me $31k sight unseen. I said no way.

Truck prices are out of bounds here in Northern Michigan, there's a rusty 2010 Silverado with 150k on it near me that's for sale at $12,000

Can pay you $9,000 cash

@@Nick-dd2xgonly a liberal will

Guess you havent seen a new silverado prices which are over $50k. Theyre selling the year model which is fairly recent and any car over 100k is 50% of lifetime but its not like its over 200k miles or something.

New or used, if they rip people off, they deserve to go out of business.

To hell with them. Let them starve.

Well you know it's a good use car dealer when hes got you convinced ha ha ha ha ha ha ha hes a car dealer I've. Been in the scheme 30 years dog and I have seen it all. Only thing I have not seen is what's happening in the market right now very unusual territory we're in.

The Finance person is the worst.

Not all used car dealerships are honest. It’s hard to find the honest one. I think I would feel more comfortable to buy from a good rating dealership.

Yeah, this was a great video!

I agree. I really liked this format. Please continue to use it. It was much easier to follow along with the vehicles.

Yep l felt the same, that Altima probably $6000 at best. Maybe sell for $7000 or $7500

Yeah "legit" Sure

I would never buy a salvaged car after having accidentally bought one many years ago. It had been in a wreck and was totaled by the insurance company. It was then sent to a sale where someone bought it, 'repaired' it, and sold it, somehow, with a clean title. I tried it out and it was nice, and it drove straight and true - for the test drive. I bought it and went home, but before I made it home 30 miles away, the alignment went out, and it was riding rough. The frame had been bent in the accident, and it was never going to be a good car no matter how pretty it looked. I got lucky that the dealer helped me replace it with something else, but that came close to being a very expensive mistake at a time in my life I couldn't afford such mistakes. The other thing about 'salvage' titles, and even 'rebuilt', I believe, is that insurance companies don't want to insure them, and if they do, they jack their already nuts monthly premiums up even higher.

And people like Dave Ramsey say to buy a $2000 beater that is still in good shape

@@timothygibney159 He's right but it's now a 3-4K beater.

Definitely

I was just thinking the same thing, my question is when does the bubble break?

@repentandbelieveinJesusChrist8 Remember when God murderd all the non Jewish babies at passover? Yeah that was uncool.

I saw a 2016 Camry with 415,000 miles they wanted $10k for. Base model.

​@@jackmeriustacktheritrix1114Fast and all at once. Scary times.

so should everything on new car dealers lots.

Auction comes down to two bidders. The high bidder is 1 bid higher than the previous bid.

@@clagueb3686 2 bidders equate to 2 idiots basically 🤣🤦🏾‍♂️🤷🏾‍♂️

true but the buyer is gonna re sell it for almost twice as much.

@@SuperTundra08 hey I’m not knocking anyone’s hustle - like that old saying “A new fool is born everyday” 🤣🤣🤣 I just don’t have the heart to do it, but I guess it’s gotta be done🤷🏾‍♂️🤦🏾‍♂️🤷🏾‍♂️🤦🏾‍♂️

You are correct

Those are people probably not responsible.

They have enough to either mod the vehicle or make the payments. Unfortunately, they’re not too bright.

Because they care more about looking cool over paying for the truck.

I can't understand why anyone buys a car they can't afford only for it to be repo'd.

That big trucks got repo written all over it

Repos.

It's an auction. Probably the majority are repos. So it is sold as is.

He has said before that even repos make more money when they are cleaned up.

@@last9up The margins are too tight on these to invest in cleaning.

Elbow grease is free….whoever owns these could get a few hundred extra for a simple wipe down.

This was perfect to me too. The transition back and forth of Brandon's inspection of the vehicle and the cuts to it rolling through was perfect

Agreed, I like this format.

Absolutely 💯. This is easily the best "dealer auction prices" video ive seen.

This is a waaaaay better format

I think Nissan Altimas come with a salvage title from the factory.

​@@papagiorgio3314Good one 🤣🤣🤣

The only salvage vehicles I would ever buy are sports cars that I'm willing to do alot of mods to like a Vette to race or track it a pick up truck and/or work vans that I'm absolutely going to dawg the piss out of.

Their bags are heavy and they are hoping to find that one person who hasn't been paying attention or is new. A greater fool if you will.

Dallas Auto auctions run then through detail and have PGR guys take out the dents. The only ones that would not touch the cars are the as-is, usually repos

I suspect the auction doesn’t wanna have to pay for the extra labor required to clean every car that comes in

Trashy people own trashy trucks.

Not far from cpaa

A really good detailer with a good old steam extractor and standard cleaning could have made those cars look far better. People are complaining about how they can't get help. A lot of young men do this as a hobby. Get some talent--pay them good and you have detailers for hire. Kids used to do that with the high-end (Audi, Porsche, Saab, Volvo, and Exotics) & these kids (back in the day) had beepers and a portfolio of their work in big binders. They charged high rates because the managers waited until the weekend to call or needed it done yesterday. It worked out for them and a few bought duplexes & then flipped them. Smart kids.

I agree with a thorough recon. I've attended the Manheim in Dallas a hundred times but this auction shown here is much much smaller and attended by those with buy here pay here lots ( tote the note). No franchise dealer buys anything that has a salvage title. These cars will be noted out and repo'd and noted out and repo'd again and again for a big profit. Any repairs needed will be added to the customer's note. They have their own in house mechanic/recon guy.

There's a local car lot here with good number of Vehicles for sale but they are dingy and not clean Inside... That turns me off.

Since Covid, things have changed radically in the quality of vehicles. There's not enough inventory to make a difference!

Glad you think so!

about $75K

I’d love to know what the actual cost of a truck is!

I bet the margins are like Air Jordan's ...lol.

Wholesale is $8K

Dealers love selling spec'd out trucks. Thats where they & manufacturer make money. It's why you rarely see base trucks

no one else would either. That is why he is making money selling the dirt cheap cars people can pay cash for.

Facts

Thanks! Will do!

Just don't let them middleman you out of $1000 profit for $200 worth of work.

I would buy from you Ron!

Can I come to your dealership when you start it?

@@redghost3170 absolutely! We will say what we do and do what we say!!

@@rodger7029 nope. It’s the exact model Brandon uses for his lot but adding the service bays. I have tons of retail experience and it will work.

I remember my first fantasy business. Hope it works for you

Good to hear!

I can see prices coming down around november-february, after student loan payments start. Folks won't be able to make payments, leading to repo's, leading to more inventory.

this is the result of $33trillion in debt, starting as many foreign wars as possible and in general pissing off most of the world. this is soros favorite game- crashing economies. inflation will continue to rise, along with interest rates. car makers are gearing for huge production drops as 2030 looms ahead, they are switching to fewer more expensive vehicles - a industry wide drawdown. the idea being that only rich people will have cars.

​@@orbitalair2103..... I've said the same thing unfortunately lot of people don't believe me.... 🙄 a lot of people don't want to face reality... let alone face the reality of what their agenda is🙉

@@orbitalair2103 Most rich people won't spend that much either for cars even though they can afford it. That's how they got rich in the first place by being good at managing money.

He’s the editor

Haha I'll let them know... They are me...

What would you say it's worth? I'm looking at them currently. Curious what an owner thinks

@@SeanPennII I’m not sure because the market is so nuts. Newer (2015ish) with same mileage but you’re gonna be at least $30k likely more. There’s a 2007 nearby for $12k but it’s got 160k miles which I think is asinine. I think it’s worth about $10k but market looks like it’s more. I’m not into gouging anyone but then I gotta turn around and get another set of wheels and I get juiced. I figure a dealer would buy it for $5k and try to sell it for $15k.

Yup. You couldn't get me into one of these cars without putting on a Tyvek suit, gloves and respirator.

@@truthhandler6828 $10 a month?

Dealerships have been ignoring the cars they send to auction for a couple years now. I worked for a place that would bring a guy in for paint, one for dents, one for rim reconditioning… made the cars really nice. Coincidentally, those cars sold in days and not weeks. Those were the days.

That's not going to happen my friend. The car market is absolutely ridiculous right now.

Thanks,👍👍👍

aka an ebay title

Not really a big deal. If you just plan on driving it, it hurts the value but I’ve had lots of salvage title cars that were great drivers.

That could be a separate channel they can make. That'd be cool. It would even be *fairly instructional*, but not complete, which is fine. I'd probably watch that!

It’s amazing how people will drop serious money on a new car and then never clean it in its life. My buddy bought a $40000 Lexus only 5 years ago and the interior looks like a horse stable.

I used to work at a Carmax in Kenosha, WI--it was one of the larger stores that originally had 9 lines of new vehicles in addition to the usual used ones. The back lot was several acres so, in addition to retailing cars we also used it for Carmax wholesale auctions. I would frequently drive the vehicles for the auctions and I saw a very wide variety of cars in various states of cleanliness and repair/disrepair. Sometimes there were vehicles that went through that were surprisingly nice--there was an early 1980s Jeep Cherokee that had about 150k miles that felt like it was brand new--it had fewer rattles than the average new Chevy of that era (late 1990s.) There were also the bad ones---the worst that I drove was an Olds Cutlass Ciera that was so filthy that I had to put towels on the seat due to unidentified fluids. The headliner was also loose and the prior owner was a frequent user of Pomaide. I put one of the towels on my head. It was like one of those cars you see near homeless encampments but with the rags and garbage removed.

Kudos to you for raising kids well (teaching respect for property)! When I was a kid, eating ice cream in the car was a NO NO (now it's obvious why, LOL!),

I'm surprised how many vehicles show up where the seller doesn't even bother to run a vacuum cleaner through it, or throw out the large pieces of trash, like cups, napkins, fast food wrappers, toys, etc. It's like they stopped caring.

Thanks... A lot harder to do but worth it I think

Go to the gas station with that mentality you buy gas for double same thing Your logic makes no sense

It boggles my mind why people wouldn't pay twice as much for a 20 year old Toyota vs. a 10 year old Chevrolet!

Ummm he bought a bunch of unreliable pos's lol he is typical and so is his lot.

@@scottr8360Don’t let boggle your mind. It’s simple, you can’t fix stupid!

@@scottr8360 Simple none car guys have never heard of Toyota reliability so they buy the chevy because its newer

Wow a vehicle that does more then vehicles that don’t example a truck is bigger can tow fits more people does more things then say a sedan and you ask why does it cost 50 vs car for 25 Wow

Lmfao

Thanks... It was a lot harder to edit but made it better I think

@@carquestionsanswered great editing!!!

​@@carquestionsansweredlove the new format. Could definitely see the effort you put into it and it paid off!

@@carquestionsanswered Your efforts were definitely appreciated. Since Alex didn't get that hair cut, maybe you should make him do you editing? Then again, he won't cut his hair shorter, so could he be trusted to cut the videos short enough? 😆

Haha thanks... It was hard... I am my editor

I would never buy one of those trash cans. You know if people treated their car or truck like that, they neglected the engine and transmission even worse. I wouldn't want it at any price.

Realistically a salvage car is useless on paper The car is totaled and someone stated that you can buy it and drive it. A salvage car is worthless on paper The car got totaled and you can buy it and drive it You don’t want a salvage car in this market It’s worthless

Do you ever have other dealers try to silence you about being honest about the prices of the cars? Love your channel

And that my friend is why you make 78 k a year. Not because of the expenses , but because of how you manage your expenses. Props to you, I’m young but I blow my money fast. I don’t make no where near 78k but I definitely blow a lot of my take home pay😂

It's really the way to go. Patience, buy a good one used. If it lasts you 5 or 6 years, you've saved nearly a new cars worth of money. New cars are kind of a joke. I really don't understand why people buy them.

Dealers only or have a buddy who is a dealer let you in on a guest pass if the local auction allows it. Plus, you'll be telling your buddy how much you're willing to spend plus fees on top of the base price. Also, a good thing to know is there are literally no warranties for the most part, even if it ran at green light or ride and drive or dirve train guaranteed. That being said, if you come across a lemon you liked but it's the day after the sale or even the same day evening afterward, and you didnt know it was bad then your stuck with that car. That being said, most dealers won't even bring their friends to an auction because if the friend backs out, they'll be stuck with a unit they didn't want in the 1st place. unless some sort of contract is written that makes you buy that car no matter what the case may be.

Same question!

Not possible at some dealer only auctions. Some dealer only auctions though have public sales, such as government cars etc..

Feel bad for what? Realistically there is nothing different then everything in stores and gas being higher then it was yesterday Realistically everyone wants more for less

Just the smarter folks that realize they don’t “need” a new car and can pay cash for something and still have leftover for repairs down the line. It’s really tough to justify borrowing money when the interest is more than a couple points.

You MAGA Trump fan !!!!

Yes haha

Thanks Richard!!!!!

And…….crickets

you can always throw it back into the auction Red light and hope for the best

You should see the racket new car dealers are running... buy a new car, 6 months later see how much that same dealer will give you for trade in

I did that. They offer half what the sold it to me. Toyota Corolla 2014. @@modernneanderthal6970

Glad you enjoy it!