Why Car Dealerships Refuse To LOWER PRICES

Why Car Dealerships Refuse To LOWER PRICES


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!

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

#UsedCarMarket #CarPrices #carmarket #usedcarprices

[crocketteerden]

I really believe a dealership would go belly-up rather than lower prices to help a customer out.

[wd]

I hope they don't lower prices and eventually go out of business. Then we can buy direct and save 10k to 40k off these insance prices.

[boba.]

Two years ago I walked away from the marked up truck MSRP's. I then purchased a beautifully restored '72 Chevy C-10 with a 350 and 5speed on the floor with overdrive. Easy to work on myself. No confusing and expensive electronics. So far nothing but the 3k mile oil changes. A flawless ride for $18, 000. A true workhorse.

[keithbrigman]

Would love to have a new truck but I’m afraid these auto makers have priced me out sad day for a lot of Americans

[JM-eryl]

Husband has a paid off 2015 Silverado 1500 with 76, 000 miles. He checked into the cost of a 2500 truck and decided to keep his current ride. Dealers need to learn the hard lesson they can't continue to price gouge consumers indefinitely.

[brianwashere]

Not lowering prices in favor of paying $500 a month in floor plan interest for a vehicle THAT WILL NEVER SELL AT THAT PRICE is a GREAT strategy for going bankrupt. When these vehicles have been on your plan for 400+ days get a clue. Lower prices or they'll be there another 400 days. Open your eyes, realize the reality on the ground. Take your lumps and go out of business because that is where you're heading.

[cadman]

Not to mention banks won’t lend money to consumers for a truck that’s 20-30k over priced. And ppl don’t wanna borrow at the current rates. Formula for disaster

[ssjqixw]

The dealers now hosted on their own petards as well as exposing all of their weakness, fake fees and market adjustment garbage. More Americans than ever have learned from CQA, CarEdge and a handful of other YouTube posters just how greedy dealers really are. Knowledge is power.

[anthonygarland]

Dealerships have the absolute right to choose what stump to die on. R.I.P

[VMATTC]

$ 100, 000+ markups could be part of the dealers problem.

[TATERNUTS]

I unfortunately had my old truck die in May last year so I had no choice but to get a new used one. I paid 27, 400 cash for my new one and it's prob only worth 22k now. It's hard to stomach a 5k loss in value in 6 months but I own it outright so luckily I don't have negative equity like most people now. Car markets crazy now

[dwhite]

You seem like a unicorn; an honest used car dealer. In another year our granddaughter will be needing a car. We might just come up to NC from Georgia to see what you have.

[jsd]

It’s hard to make less profit after you’re fat and have lost your edge. Sad really. It happens that way with a lot of businesses. The owners and managers will eventually face the reality or their replacements will.

[dougcox]

The dealerships shouldn't be the ones dropping these big prices. It's the manufacturers that is marking these prices up. Having a relative who worked in a factory in management and knowing what it cost to build they made. $60, 000.00 - 70, 000.00 and up cost less than $20, 000.00 to build. This is nothing but Greed!! I have friend who has a friend that is in management at the Corvette plant. In 2019 he told me that his friend would not tell him the
cost to build them, but he told him "You Can Take The MRSP On Any Corvette and CUT IN HALF And they would still make money" My friend told me this to my face.

[robedmund]

And the waiting game continues. Thank God for spare parts, the cash to buy them, and for PATIENCE! Most Americans can out wait the dealers.

[jerryding]

I agree. Toyota Tundras are like F-150s, i have seen many 23 tundras are still on the lot (aged 6-9months), and no price drop at all.

[vardashan]

Can confirm on the used side as well. I am trying to buy a large 3 row used SUV for my wife. We need one having 4 older kids + dog and we travel 8-10 hours for week+ visits to see relatives. While dealers lower prices over time (can see price history on car search engines) they refuse to negotiate with an actual buyer. They refuse even when I tell them I will buy it today. Wife's SUV has 234k mi, is totaled from hail damage and now needs major engine work so we cannot even drive it anymore. Literally the best offer I got from talking to these used dealers was to lower a 46k suv by $265 which was immediately negated by their "dealer fee".

[markrichards]

Just inherited from my mom a 2018 Camry SE with 20k miles. Garage kept, rarely used last 3 years. All maintenance done and I detailed it bigtime. Have been driving it here and there and have had complete strangers ask me if I want to sell it. Talked to a few of them. Same story, dealer garbage and don't have many used cars that are nice that aren't ungodly overpriced. She paid 23k back then brand new. One dude said he would give me 22k. Pretty lousy out there.

[jimsmithnyny]

One major problem with dealers is that they think cars are similar to houses real estate and cars appreciate in value, and that cars have equity in them😂😂.

[allenhanks]

The service department pays for all operations. Payroll, expenses, floor plans, building, utilities, taxes, owners trip to Hawaii, etc. sales are for fun.