I WAS WRONG, The Car Market Is WAY WORSE Than I Thought

I WAS WRONG, The Car Market Is WAY WORSE Than I Thought

My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.

Thanks for watching and please feel free to leave any comments you may have in the section below!

And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!

*None of this is meant to be construed as financial advice, it's for entertainment purposes only.

#UsedCarMarket #CarPrices #carmarket #usedcarprices

[grumpyoldman]

An entry-level strip down Ford F-150 with a V6 2 wheel drive single cab $53, 000 at a local in southeast Wisconsin... they are completely out of their damn Minds !

[thein-famouselguapo]

Prices are still 30-40k overpriced. Let them sit!

[billd]

I'm 74 years old and have forced myself to pay cash for all my cars since my first used 1962 VW that I bought in 1969 for $500. I think you are seeing what happens when people stupidly borrow more than they can afford.

[zoftigbeatnik]

Anyone who buys a new, expensive car beyond their means only does it to impress others or is crazy. I have a beater and no car payment. Don't care what people think of my car.

[richdiana]

Don't be scared, Brandon. Take your program national. It is sorely needed. You're doing a great job. Keep it up, Dawg.

[agoogleuser]

The problem is, I can't impress strangers in traffic with a $2500 car. I can't impress my neighbors. I can't impress my relatives. I can't impress my buds. So I need a $105K Ford Black Mamba Big Dick Edition to show them who's boss. I guess I'm stuck with my $1800/mo payment ... plus insurance, fuel, and maintenance.

[quixomega]

The average person can't afford a $1000 car payment and all the carmakers are only making overpriced luxury models, even Chrysler and Nissan, which is why they can't sell anything.

[TIA-oz]

Even if people could pick up a new car for 10, 000 less, most people couldn't afford the insurance.

[davethewave]

I started a used car lot in November of 2022. In 2023 I was paying way more than I thought these cars should cost but in order to get the decent cars I had to pay the money. I started selling cars $5k and under but slowly crept up to $10-11k cars. I did the dumbest thing of using a floor plan back in January-March of this year to fill my lot with nice cars in the $6-12k range. In April the bottom fell out and cars totally stopped moving. No one was buying anything.I struggled, sold a couple of personal cars (68 Charger, 70 GS455). I have finally moved almost all the higher priced cars and anything I had under $5 moved easily during this time and kept me afloat. I even sold my daily driver G5, I started driving this beat up 2001 Impala and then sold it. I agree 100%, cars $5k and under will drive the car business for the rest of the year and probably into next year. The auction prices have fallen 40-50% and now I can get under 100k cars for a realistic price. But I'm not buying because the stupid floor pan hamstringed me. I will never use it again. I'm in bad shape but I will survive to fight another day and this time I'll stick to my original game plan that worked so well the first year, cash only coming in, cash only going out!!!

[RandysFiftySevenChevy]

Drove by the busiest car wash in town today. Usually on a Friday its packed.
Not one car in line.

[corvettemode]

Man I think it’s pretty badass that you have your own dealership. And sell them for a good price. It’s just cool. What a life accomplishment. To be able to manage that business and upload good content on YouTube as well.

[shanes]

I went from a paid off year old truck to a 20 year old single cab truck I bought for cash from a buddy. Paid off my wife's car loan with the money. I'm preparing for a financial collapse that I believe is inevitable.

[JoshuaTrinityWolf-dcup]

You are in the sweet spot for the next 5-10 years. Congradulations and thanks for the economic lesson.

[agentjacob]

Everyone seems to focus on price patterns, but volume often gets overlooked. I've been learning it more and believe that mastering volume with price action really enhances technical analysis!

[donsmnc]

News flash people don’t have any money, you can say it we know it. In every crisis there are people who prosper while most others don’t that is you Brandon enjoy it while you can

[OhioVworld]

Working folks paying 70K for a car is hilariously bad. Take your bring home income. Take a third of it. Your car should be that in total purchase price.

[LillyKC]

I have a 2012 FJ Cruiser with 64K miles I bought new for under $30K. It's garaged, & never needed anything else other then scheduled maintenance. I recently replaced the battery for the first time. I'll never sell it because I really love the car. When I see today's prices I feel very fortunate indeed, to have something comfortable & reliable that gets me through the snow! Never thought it would turn out to also be a great investment.

[randywhelchel]

Dealers going BK? BEST news I have heard in a LONG time 🎉🎉🎉🎉🎉

[jeffreybischoff]

I have a 2012 Honda CRV (EXL with AWD) with 83, 400 miles. I bought used back in 2018, with 37, 000 miles, at a KIA stealership.
I've always bought used/ CPO. A part of me would like to upsize/upgrade to a Honda Passport or Ridgeline. Bigger vehicle, engine, cargo room, and passenger room. So far the Ridgeline is in the lead. Also a part of me, would like to buy brand new, at least once in my life.
However, my CRV is still running, paid off, and I loathe stealerships. So the other part of me, says save money, don't waste it, on a vehicle.

[joshuadolan]

Lucky’s channel provides a nice explanation as well on why dealers can’t lower prices…

It’s always a warning sign for the economy when extreme value businesses like our friend has here flourish while sticker retail feels the pain