BEWARE: The Car Market Is About To Get A LOT WORSE

BEWARE: The Car Market Is About To Get A LOT WORSE
In this video, I answer questions about the car market from viewers and also discuss the best and worst times to buy a car
Follow me on X: / cqa_brandon
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

[@joegresells2161]

Most my life I was a Ford guy (with a slight dip into the Jeep world). I bought a 2009 Toyota Sienna from my neighbor a couple years ago (had 209K miles) and I've put almost 50K miles on it with only MINOR repairs. Every button works, every light works, every latch works and I feel like this van is easily going to make it to 300K miles... I think I'm a toyota guy now.

[@jwuhome]

Same here. Bought a used prius with 160k miles. I think it can go over 300k easy.

[@dave3657]

I have a 1999 Sienna, 190K and still has the original exhaust. These are uber dependable.

[@mopars4life11]

I have a 2011 Toyota Sienna... with 397,000 plus miles all I've done is the Transmission... and brakes... tires and rebuilt the suspension... but everything still works and looks great...

[@joegresells2161]

@@dave3657 I bought the sienna for my business and driving Amazon flex. The automatic side doors are a must and although this is a 15 year old vehicle the automatic doors still function perfectly sometimes being opened and closed 50 to 100 times in one day. That's quality.

[@fishharvester9434]

Welcome my friend to the Toyota club. I said a long time ago never again with American cars.

[@1tojo]

Brandon I'm a 83 year old man and I'm not in the car market but I enjoy your insight into the car world and the economy of the country.keep the videos coming

[@mills2424]

Been hearing “wait a few months”for like 2 years now. It’s the “free beer tomorrow” sign at the bar.

[@matturner7763]

Trust me when I say that BUILD BACK BETTER is a flop. The economy is in a free fall with a crash landing coming up in a couple of months. If Biden gets hammered in Israel like he did in Ukraine it's going to be real bad crash

[@montestu5502]

Will he ever say, “Buy NOW!!!!”? Probably not.

[@N20Joe]

Be patient, these things happen in cycles and they usually take longer than you expect, but they do happen. Car prices will crash in the nearish future simply because they spiked so hard in the recent past.

[@diegoharo7943]

Prices have dropped in Illinois and Wisconsin from dealer mark ups in the thousands to manufacturer recommended msrp and some cars are below msrp……if you finance. If you pay cash they want msrp but some manufacturers have rebates of $1,000 if you pay cash which dealers must give you by law

[@kylemartin7557]

Great info as always, biggest problem with buying from individual these days is they all think they are dealers and want to ask premium price. Buy show up and look at vehicle and actually talk to them and the story changes and most of the time price comes down lol.

[@dtlusk24]

😊😊😊My 2017 camry xle has just turned 200k. Bought off showroom floor . The only thing I paid for was 1coolant flush 3 sets of tires and last summer the first set of front brakes. It doesn't leak or burn oil runs and drives and looks like new still minus front bumper cover has a lot of rock chips. Amazing machines!! My 2022 4 runner is equally well put together 0 complaints

[@Invertmini1212]

Toyota Camrys are the best cars.. Had my 2000 camry for 9 years at 387k miles. I swear by Toyotas in general. Funny you said you bought a 4 runner, I also did as well and couldn't be happier.

[@wantsanewvehicle]

Tax refunds this year are down ..by a lot. I normally get back about $1k, this year I'm getting back $161 and I know a lot of others who are not getting anything back as well.

[@wheeeeeha]

Gotta pay for the immigrants, Comrade.

[@jwill540]

​@@wheeeeeha you mean "replacements."

[@danielhunter1396]

Congratulations on a refund. I have not had one in 23 years

[@evos469]

​@@wheeeeeha no it's part of the tax cuts from the former president and it will get worst next year.

[@montestu5502]

Add $500 a paycheck to your withholding and you will get a huge check next year!!!! Seriously, getting nothing back is exactly where you want to be. Otherwise you are lending the government your money for free. Why would you do that?

[@michaelmccotter4293]

The most honest used car guy in America.

[@Psylliumhead]

In 2010 I bought a 2000 Durango from a new car dealership’s used car lot. He gave me the “we have an 80 point check certification on all our used cars”. I got in to leave and the headlights didn’t come on, it turned out to be a bad switch, I looked at him and said, “ it looks like you need to have an 81 point check certification”. He didn’t think that was funny. I still have that car.

[@PickSixCards]

I wait all day for these

[@fryingnemo552]

Good I love messing with the angry sellers on the Facebook market place

[@als7594]

As a Prius owner I suggest nothing over four years old. My 2010 needed a battery at 9 years and 78k miles. Remember this on hybrids, it isn't miles it's YEARS old. You'll hear of owners getting 200k-250K miles and the battery is still fine. Those vehicles are racking up 25k-40k miles a year like being used by a cab company. The third party companies that rebuild these batteries say most of the high voltage batteries, are going bad between nine and eleven years. I was lucky that my dealer and Toyota stepped up when my battery died. If they hadn't, it would have been around $3,500 to replace the original battery. I ended up paying $2,300 to replace my battery. If you're looking at a three year old Prius with 30-35K on it, it's priced right and has a clean CarFax, grab it, you won't be sorry.

[@RonBand01]

Brandon, I am on my second Prius. I bought My first new one in 2010. I drove it 160K and sold it and bought a 2017 new. I have 80K and it still has nearly 100% battery life showing. This one is a Lithium. I love the looks of the new 2024 but the Toyota place will not bargain on them anymore. This 2017 gets 65 mpg in summer and 57 mpg in the winter. That's tough to beat.

[@r2dad282]

Know how new car dealers are getting destroyed the past 3 months because they misjudged the market? That can happen to used car dealers as well. Remember, "past history is no guarantee of future results" ie Tax Time cycle has always meant you can sell all your cars. 2024 might challenge the meta. Great channel, appreciate your content!

[@chelsiestinson9494]

People can afford his cars without that tax check.

[@kevinhuerta-ponce138]

Ford made billions in profit last year just by selling gas trucks cars and suvs. Even with the huge loss from Evs the current market strategy is yielding great results. I can only imagine how well the other brands did. Why would prices ever go down again.

[@evos469]

This year taxes dont expect to get big refunds or a refund at all from the federal government unless poor with a lot of kids under 17yo.

[@magnus073]

Thank you for being so honest. I really enjoy your channel.

[@dandahl5964]

Oxymoron....honest car dealer

[@patbromwell8701]

Even worse government intelligence 😮

[@kevinmcpherson6999]

Not this year, dude. People don't buy nothing. You're foolish if u do. Pay your bills. Let these guys go out of business

[@beansmayne4581]

Lots and lots and lots of stupid out there nowadays

[@dystopiandream7134]

Currency in circulation has increased almost 3x. Auto prices are never going back to where they were. It's basic arithmetic.

[@jarad0714]

Thank you so much for your insight on my question I really like the videos and listen to what you were saying. Thank you so much.

[@hiatuz3512]

Buying from Individuals is stupid they are worst than dealerships. Just have the vehicle checked by a mechanic no matter who you buy from.

[@douglasvoncannon3073]

My CPO came with a 5-year 100000 powertrain warranty. Price was right. No brainer for me.

[@stoehrcov]

I have learned so much from this gentleman

[@pelotas56]

Seen alot of auto experts videos.. all talk about tax season this and that. Many even say buy off individual/ private sector. The problem I got with this is the scamming flippers. As a mechanic I've seen way to many rip off in this section

[@gsctht123]

You also see many more Toyotas than Honda becouse Toyota sells more than twice the amount of cars in the US than Honda.

[@robingraves8710]

I'm a dealer rep for an auction company. The entire company is getting wrecked except for 3 markets. Not pretty. High reserve and low bids

[@Brooks77351]

There’s a local lot that’s open once a year, tax time. It’s a buy here pay here and they stock up with 100 or so cars that are gone within a month.

[@jmorris023]

$13k for 110k miles is crazy. Should be like $7500.

[@ScottishTerrorsInLA]

Not anymore and probably never again.

[@henryrifleownerpa1813]

Lol I'd give you 1200

[@jmorris023]

@@ScottishTerrorsInLA Nah, prices have started to come down in LA now. There are decent cars turning up with 50K for $10 grand now. Still a shortage, but they're there.

[@hiatuz3512]

@@jmorris023 yes some prices will go down but for the most part it will stay stagnated only reductions you will see are temporary due to repositions and small dealers and big dealers like vroom going bankrupt those cars when they hit the auctions will lower prices overall temporarily, but manufacturers are no longer producing the same volume as what consumers are used to. Supply

[@jimmykelly2809]

Most and I mean 75-80% of defaults on those loans are for cars below a certain price. That price is what the tax time used market is at. Aren’t you worried about that being a used car dealer. How many people are going to get approved when their financing won’t go through?

[@mike635machine]

The problem with buying from a private seller compared to a dealership is that the dealership is at least concerned about a negative review. The private seller has your money and couldn’t care less if you have complaints

[@antonchigur764]

The used car you buy from the dealer used to be from a private seller a couple of weeks early. Let's say I'm private seller,selling my car for 10k,I can sell it to you for 9k if u bring me the cash,or I can go to the dealer,get a new car and they can take my car like a trade in for $7k,they will clean it,do oil change,replace a light bulb,the window that doesn't go up and then they will sell it to you for $14K. That's how it works,you think they care about a review?

[@Tony-yn5un]

⁠@@antonchigur764I’m a dealer. I put alot of time and money in getting these vehicles ready for sale. Yes sometimes I luck up getting cars that just need an oil change. But, a lot of times it’s not that simple. Headaches arise all the time. Bad transmission, Bad engine you name it. If problems arise after the sale I always take care of my customer you can’t always do that with a private seller. I do it because I’m able to get these issues fixed cheaper compared to the average individual and it’s the right thing to do.

[@Justkevin377]

Everytime a luxury car gets transfered by Carmax from Calif. to Dallas, Tx. it sells fast.

[@moisdawg]

Smh i’m pretty much convinced a lot of ppl including me are never gonna be able to get a decent car at a reasonable price anymore, and just stay priced out of owning a car in general (i dont have one). Getting priced out of basic things is the new normal. But maybe not having to deal with a car can have more pros than cons.

[@MrJintensive]

Tax time? I think most people rather eat than buy a car.

[@toddprater14]

Exactly dude, and interest rates to borrow money is too much … this is one of the main reasons why trucks are not selling a 70k loans at 1.9% was like what 21-2400? Now a 70k truck at even say 7% the interest on a 60month loan is like -12-14,000… screw that… save your money try to buy in cash ain’t giving no bank 12k to buy a truck… banks suck are they giving us 7% on our money we have saved in bank account?? No - screw them pay cash .. make yourself wait till you have the funds - the you have no car payment

[@OneOut1]

If I was still in the used car wholesale business I would be sending every car I could get bought for 15k or more to California. Cars 15k and less probably don't have comp. Insurance to pay out after the flood.

[@alext802]

Can you do more videos on new cars? Some videos for the higher income people? People buying/ leasing cars in the 40k-70k range?

[@chrischarlton6155]

Most Prius use an old school nickel metal hydride battery (brand new ones don't) which last a LONG time, they just don't store as much energy and are heavier than lithium batteries

[@Jeffrey7348]

I'm fully retired and I hate tax time, gotta pay more taxes after paying all year long, so can't afford a new vehicle!!! 🙁

[@ozzierabbit587]

On the other hand, I'm fully retired and don't pay any state or federal taxes. That's the way I planned it.

[@robertclubs9908]

Thanks again for your update.

[@rileyoconnor3727]

Would love prices actually reflecting the titles

[@curtissimmons1085]

CPO can potentially be worth it if its the manufacture doing it and it extends the factory warranty through the manufacture directly

[@Johnny-bm7ry]

When everyone waits till end of the year to buy, then collectively we will cause a price spike then. The best thing to do is for all the denand to spread evenly throughout the year.

[@nikolinabaga3924]

but not everyone is smart enough to do that... that's the point. the collective will continue to spend big. there's a reason this video doesn't have millions of views

[@timkis64]

you'll get a better deal by sitting on your tax money for 3 or 4 months.there are rewards for waiting it out.

[@dystopiandream7134]

And lose 5-6% each year through inflation? It's not a good idea to hold onto US Dollars for any extended period of time right now. Prices will never go back to 2015 levels. Just as Prices never went back to 1950s levels. It's delusional to think that waiting during an inflationary period is going to benefit you.

[@bpb5541]

IMO we get a car market crash sometime this year and will continue into 2025. This will include used and new cars. I don't believe the Job numbers AT ALL. I think things are much worse than we are led to believe.

[@Justkevin377]

The luxury cars at Carmax are selling well.

[@Invertmini1212]

Honestly im glad I drove my 2000 V6 toyota camry into the ground.. Had it for 9 years and it had 386k miles on it when it was sold for a whopping $1000. I could have easily gotten into a car payment and kept up with the Joneses. I then bought a Toyota 4 Runner 4 years ago out right when the prices weren't crazy and my dealership who sold it to me asked to buy it back when the prices went up and I refused 😅 If you're gonna get a car look into Toyotas, they're realiable and cheap to fix... Everyone I know who owns a Toyota is a happy driver.

[@outlet6989]

The words 'Certified Used Cars' on a dealer's business sign is a legal term, meaning the cars on his lot are 'Certified' to be used cars. Nothing more or less. The word certified does not imply the vehicle was inspected and/or repaired. The meaning of the words inspected or repaired is up to the dealer's discretion. Inspected could mean the dealer has inspected one hundred percent of the vehicle or he has looked at the car a hundred times. What a salesperson means when he says the vehicle has been inspected and needed repairs made are just that, words. The big question is, will the dealer present certified documents detailing what the car inspection revealed, good or bad, to a buyer and a work order listing any repairs completed? Just my food for thought.

[@empirefoundation6328]

"2017 Mazda5"... Mazda5 was discontinued years before 2017. They meant to say 2017 Mazda Cx5...now with 110k miles that should retail for a bit less than $15k...if it's the base model Sport FWD.

[@paulgodbey304]

Sounds like they mean Mazda CX 5, not Mazda 5 which was discontinued in 2015. CX 5's start new at just under $30000.

[@peterkwok9608]

Good advice Brandon 😎😎👍👍

[@uo2230]

It's amazing how many sellers of Hybrids say battery good w 200k etc etc. The battery can't be like new at that. My mechanic told me when I told him I wanted to buy a used hybrid he said "just buy a good 4 cyl like Corolla, Civic, Focus (before 2012) etc you'll be better off in the long run".

[@benjaminhollar7462]

Aaand that’s how he keeps you coming back 😂

[@martingriggs6362]

Brandon, the Mazda 5 ended production in 2018. I think you are thinking a CX-5. Not the same vehicle.

[@Chinunit22]

People need to stop paying these dealers these outrageous prices, no 20 year old high mileage beater should cost over 8 grand

[@jimmulderig743]

Even the certified vehicles are garbage these days.

[@truchartsczar]

It's not. GM and Ford just announced good earnings and raised their forecast.

[@toddprater14]

They also raised prices again same truck I looked at last year $79600 . 2024 model $80241…

[@davidbrodeur50]

Great info! As usual I appreciate your opinion but I've been waiting for months now to buy a new toyota 4runner. All I hear is don't buy. When should I buy? My local dealer doesn't have crazy markups that you have showed us to avoid. The price seems fair. About 50k for a new 4runner TRD premium.

[@montestu5502]

No reason to wait now for a new vehicle. I think he is mostly talking about used. A new Toyota isn’t likely to get any cheaper.

[@oneolmanbodybuilt5906]

I'm not claiming better, but I have a 2007 mazda with 220ooo. Kept the oil change fairly often and never drove it extremely fast. Although I'm starting to see a small oil leak. 🤪💪

[@thegrandpencil4374]

How in the hell are you basically releasing the same video, over and over again, and still getting people to watch them? It’s absolutely insane.

[@dannytavakol285]

Its like the same headline over and over again...."the market is doomed" "dealers are upside down" "Car market is getting WORST" "Car market is going WORST QUICK" ...

[@thegrandpencil4374]

@@dannytavakol285 Exactly lol. And he's not the only one. There are so many other KZbin channels doing the exact same thing. Worried expression, fire, lightening or tornados in the background, huge words such as DANGER, IT'S OVER, CAR MARKET COLLAPSE etc, all in caps... and people keep watching them. Over and over and over again. Same video. Same topic. Yet the car market never collapses and everything is just fine... rinse and repeat, ad nauseam. I'm just glad there's at least one other person who's smart enough to see it. You truly made my day lol.

[@dannytavakol285]

I was wondering if someone would eventually notice lol@@thegrandpencil4374

[@MarkTilds-kb2ye]

Unfortunately, I think this year is different.

[@markrudolph683]

Certified vehicle means it has a 3 year warranty

[@PickSixCards]

What up B. Yes

[@CQALive]

Yo!

[@RonKnowsStuff]

Brando!

[@CQALive]

Ron!

[@iddddaduncan]

Two months from now your sales will still be flat, people are tapped out.

[@mike7933]

Define a lot worse? It’s like complaining the price of milk needs to be higher, why pay more for transportation. Unless you have a ton of negative equity, cheaper cars are a good thing imo

[@MegaTony805]

Some CPO’s give you 100k mile warranty like Hyundai 👍🏽

[@seanfattireguythomas2994]

All a cpo is you just buying a extended warranty the dealer Doesn’t look at anything on the cars I have seen a few even the high end Mercedes with big problems because it was really checked out so don’t fall into the CPO trap

[@Troy_Built]

Being in the auto repair industry for decades I strongly agree Toyota is by far the best out there.

[@pennykessler2873]

i am looking at camaro 1995 25,000 miles $ 12,000 or toyota celica 1997 35,000 miles for $12,000 which is better deal

[@adamhatcher6620]

Just don't buy unless it's an absolute necessity!!! Let the stealerships lose some of all the gouging money

[@timothynelson6918]

Do you ever take vehicles to auction? If so have you ever bought one and then sent it back to auction?

[@deanmitchell9568]

Brandon did the 574,000 miles Siena sale yet?

[@paulgodbey304]

If I really needed to buy a car before the end of February, would I still be able to get a decent price on one of the 15000 or less vehicles such as a Toyota Highlander or a Volvo XC 70 or XC 90?

[@bigmike1552]

It’s time to get some new titles it’s like they’re all the same

[@frederickmoller]

"GREAT"!

[@markmoore273]

No deals in Denver

[@erikbusenbark4865]

Wait about another 5-10 years!

[@michaelvanhorn3271]

I really want to hear a few months from now how sales went... I think he will be disappointed, hope i am wrong.

[@michaelmccotter4293]

Brandon? Where is your business located?

[@CabbageSniffer]

Carvana stock still going up lol

[@Danette2007]

Just got my state tax refund yesterday. 🤷‍♀️

[@653j521]

No state tax.

[@bulldog161]

I hope the lying cheating dealerships go out of business. I would rather buy direct. F- - - the dealerships!

[@olanderdecastro52]

Or the market is going to get a lot better is you’re a buyer!

[@sunnym.4077]

You trust individuals to tell the truth? Wouldn't local used dealers want a strong local reputation for selling acceptable vehicles?

[@CQALive]

Dealers mostly get their cars from auctions. They don't have the history other than what you can get from a report.

[@sunnym.4077]

@@CQALive Appreciate you replying, yeah your right that does make sense. So the best path is have a good set of questions that should have informed answers if they took care of their vehicle.

[@specag31]

Ask their neighbors, " That ax hole turned it on at 5 a.m. and redlined it before oil could get pumped.

[@davidsherrer1583]

It's February. When are you taking your Christmas tree down?

[@CQALive]

They already took it down... If It were up to me I would leave it up all year

[@vibeworldmeta]

Good thing my warranty is still good and I just fixed my transmission. 200k miles baby!!

[@MrEhole]

I just rebuilt my POS Jetta. F the dealerships.

[@conservatron]

The last point about Toyota having the most reliability - seems like the word has finally gotten out because they’re harder to find and even harder to get at a reasonable price

[@billbob4856]

They don’t know about Scion though. Scions are rebadged Toyotas and can be had for far cheaper

[@agoogleuser7834]

@@billbob4856what years and models are best?

[@billbob4856]

@@agoogleuser7834 Most issues with them follow their Toyota counterparts of the same year. The Tc has a Camry engine and transmission. 2007-2010(I think) have oil burning issues. The xD is pretty much a Toyota Yaris w/ more doors. The FR-S is somewhat the odd one out because it has a Subaru motor. It’s 99% the same car as the Subaru BRZ and is a rebadged Toyota 86

[@MrEhole]

Why no manual transmissions on your lot sir?

[@ScottishTerrorsInLA]

He said people were burning up the clutches on test drives and average people don’t want them. Average people are dumb, lazy, and bad at most things though.

[@ImerzOnline]

Limits the amount of potential buyers. There are fewer and fewer people that know how to even drive a manual anymore

[@megadumploads]

You keep saying the car market is bad but when I try and buy a car prices are still high so stop lying

[@carlthornton3076]

Very Good!... #86 ✝ {2-7-2024}

[@ganeshnarayan5505]

This video is already loaded.

[@kevinrice7635]

🎉car dealer of Genius aaaaaiiiiiiiieeeeeee I'm outta here.

[@jeffreydevine6199]

I liked your videos when you walked around a car lot and also auctions! Lose the father and son! That son needs to get a real job! You were entertaining by yourself!

[@joeyork9891]

Its pretty sad if your getting a refund. It just means you over paid on taxes all year. People thing refund checks are found money. You could of paided off you credit cards with money, car, insurance. Medical, mortgage

[@eddym5532]

Buyig a car with more than 50,000 miles is risky. Unless you get a fair price. The only one you can gamble is with a Toyota is very reliable.

[@Lacesout2529]

Sure hope it does get a lot worse so I can finally afford to buy a new car

[@WillyC-p3m]

You'll be out of business with that take it or leave it attitude! It aint gonna happen this year bub! I don't know what kind of games your playing?