CAR DEALERS PANICKING Over Recession Fears! They're Doing THIS!?!?

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CAR DEALERS PANICKING Over Recession Fears! They're Doing THIS!?!?
In this video you will get to see what car dealers are actually paying for their cars and trucks at auction!
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

[@carquestionsanswered]

Here’s how to enter the sweepstakes for FREE: ridge.com/cqa. Which prize would you choose? Let me know in the comments!

[@carlostovar1192]

How do I locate auction in my area? I want to try buying there instead of on a lot.

[@johnrinck4883]

They're doing everything but lowering the prices.

[@patton3338]

I can't wait for all the sob stories in a couple years. "We ran a dealership for 23 years, we just don't know what happened. All we did is price gouge everyone..."

[@JohnWalsh2019]

@@patton3338 LOL

[@patricktheplumber5482]

I can’t stop thinking about the dodge wagoneer all going over 100k absolutely mind FN blowing it’s a car to drive my family in not a Ferrari !

[@gmarks1559]

​@@patton3338 💯 😂

[@technical19d34]

Neighbor with deep pockets bought one, already been in the shop several times for recalls and glitches.

[@luciano-km7mq]

No tears. No pity. Just Karma

[@ehole593]

Let em rot.

[@deonambrose]

My nearest dodge dealer has hundreds of Chrysler jeep and dodge cars that have been sitting for a year now. None of them were bought.

[@johnedwards5738]

Reap it lol... that's what they get for shitting on consumers

[@Asheriko]

These scumbags dealership screwed people left and right for 4 years since covid..... I hope they pay now.

[@luciano-km7mq]

@@Asheriko 4 years? How about 44 years!

[@SupraSav]

Everyone started smoking crack during covid thinking everything from hand soap to toilet paper is worth 3x the price. Welcome back down to Earth, space cadets. Keep holding onto your dollars folks. Lets see how long dealers can hold out.

[@user-dt3sq7rw3b]

News flash, dollar now only buys 1/3 of pre-coof $$. Government regulations making US vehicles cost more on purpose. Peasants use public transportation

[@ILoveTinfoilHats]

It's funny how the same people who say "that's just the new price" are the ones that complain about inflation on their grocery store bill the most. Can't have both

[@sburns2421]

@@ILoveTinfoilHats They are also the ones that put home offers in 10% over asking price to make sure they get it and will be mailing the keys to the mortgage company when they are underwater.

[@lot2196]

I saved every penny.

[@Goodyear1776]

Inflation is a real phenomenon caused directly by a growth in the money supply (aka, the govt printing money, of which it did a ton in early COVID). In fact, inflation used to be measured only by how many dollars the govt printed, but that formula was changed in the 1980s to now measure the effect of money printing, which is the inflation indices we have today. Also, in abstract terms, whatever price people pay and companies can charge IS the price, regardless of how ridiculous it may seem. That being said, we will never go back to the pre-pandemic prices for a large majority of goods. The dollar has already been devalued by 30% and the government continues to grow our deficit.

[@Random-rt5ec]

$80+Grand for a new truck? The Middle Class has been wiped out.

[@horseathalt7308]

LOL....$40+Grand for a new truck! That's just wrong.

[@thereissomecoolstuff]

I’m doing well. Can write a check for any car I want. I will not pay $80k for a truck. There has to be an adjustment.

[@karabinb4514]

Yup have a 2015 it’s my lifer truck ..65 thousand new was crazy enough..

[@diviningrod2671]

Jeebus bought my 01 4runner in 2020 $2800 ,now it's got 315k, still good

[@kawkasaurous]

​@diviningrod2671 it's probably worth more now lmao

[@halfpeltalt]

Auto dealer greed and buyer irresponsibility has reached a tipping point.

[@rkujay]

My father in law...a former exec for Sears, once asked what sort of margins car dealers work under. I told him it was roughly nine percent. He scoffed and said: "Sears won't get out of bed for less than thirty/". However, as you read these pages, you'll note that car people are criminals.

[@rkujay]

Consumers....always smarter than car people who do this every day...rejected the negotiation process that, as far as anyone can tell, the consumers designed. General Motors put Saturn (remember them?) and Oldsmobile on "one price". They immediately rose to the top profit per unit in the system. You don't like to negotiate? Fine, but it'll cost you.

[@Goodyear1776]

If someone showed up at your door and wanted to give you $10,000 for a car you paid $1000 for, would you say no? If not.. then you are also "greedy"

[@diegoharo7943]

@@Goodyear1776the difference is the buyer himself was the one who offered to pay more, the seller was not the one who put a sale price of 10k on the car

[@diegoharo7943]

@@Goodyear1776businesses took it upon themselves to raise prices

[@Lazlazor]

*imagine getting repo'd on a 2006 acura in 2024*

[@ILoveTinfoilHats]

Is that even possible? They won't finance anything older than 10 years here.

[@domini384]

@@ILoveTinfoilHatsIt would be dealer financed not a bank

[@michelle-lz8tg]

it could have just been a trade in the dealer just wants to now get rid of.

[@johnkruton9708]

Those are the buy here with pay stub. Exorbitant interest rate and you pay every 2 weeks when you get paid. Lose your job they repo the car and rinse repeat.

[@samoz6865]

Blame buy here pay here dealers. They're selling old cars at obscene prices. Last year I saw this 2009 Honda Fit at such a dealership. I stupidly thought it would be cheap. The dealer wanted $8,995 for a fifteen year old car with 239,000 miles, and don't you dare forget the $279.00 processing fee in top of the price.

[@Demonglo-]

It's sad that dealers would rather send a vehicle to auction instead of lower prices to give the customer a good deal. Treat a customer right and it's a customer for life.

[@kh867]

That 14 Chevy 2500 is not worth $18k... more like $7500 at best. These dealers are out of their mind paying that much.

[@MrComerford77]

The thought of a bank financing a 10yr old truck with 150k in the 19k range is just insane to me.

[@Sondan1988]

No reserve met.....LMAO !! --- Dealerships haven't been caring about reserves when they were charging these CRAZY prices over the last several years.

[@josephoberlander]

Same as current real estate. Sellers are loopy out of their mind on their asking price and the buyers are all unwilling to gamble on someone else's project/flip gone wrong.

[@carepackageman]

These big CEOs severly misjudged the market producing these 100k luxury cars.

[@BA-lt2tx]

From greedy to bankrupt in under 12 months flat... :)

[@simonjusticier333]

Like a car salesman once told me, "there's an ass for every seat". Now I know by ass, he meant a sucker!

[@andretolliver5875]

It’s not a recession, it’s Americans refusing to be overcharged. If they dropped the price they’d be flying off the shelves.

[@B126USMC]

Not currently in a recession; however, there is going to be a recession!

[@oimfc37]

Lol Americans are anything blue price conscious. It's cause the credit cards are maxed out.

[@sloppyjoe400]

im just glad people are finally being sensible and not paying these ludicrous prices...

[@emilyfeagin2673]

I sell houses cheaper than sone of those trucks

[@soundmind192]

I think credit tightening and people being more broke has a lot to do with it. I'm sure some are not as ignorant as before.

[@sloppyjoe400]

@soundmind192 In reality, people need to stop thinking they need the latest and greatest vehicle! There's nothing wrong with driving an older, used car or truck. Here in another month, I will have all my debt paid off, and I, for the rest of my life, will never finance another car. Car payments keep people broke

[@samoz6865]

I've given up on trying to buy a decent cheap used car for work. Between the prices, taxes, doc fees, insurance, registration, title, tags, etc...just forget it.

[@flyingspirit3549]

As always, Brandon, thanks for a chance to look "behind the curtain" into a world that most of us never see.

[@thescharm454]

The curtain of junk cars ?? How bout nice product ?

[@brucekeller5259]

He’s not telling the whole story I don’t think

[@va-115airframer7]

I have no pity for what happens to car dealers or lawyers. The two most predatory professions that have ever been.

[@daveplem]

Not as predatory as cops.

[@godmotheru]

Top comment!!!

[@MikeJohnson-nr4yo]

Don't forget real estate agents!

[@seanjennings6889]

It’s amazing the amount of reasons why prices don’t come down. 😂

[@Random-rt5ec]

Obama’s Cash4Clunkers Where government crushed millions of used cars causing used car prices to soar.

[@hankchinx1748]

But not 1 single good reason for why they went and are staying sky high 😂

[@oneguy2952]

If dealers could not figure out the prices of cars going up like they did and didn't expect them to drop, they should be out of business.

[@LuisMartinez-ed6we]

170 thousand miles is almost gone all the problems will start as soon as you buy that truck. Stay away from that truck. Please.

[@turbotheamericanstaffy]

No one wants to take the hit. Manufacturers, dealers or wholesalers. Keep this sh*t up and you’ll all go under.

[@qwatson1692]

Love to see dealers being concerned about their floor plan due to slow sales! Customers have the power but seldom use it! Gotta keep your foot on dealer’s neck to force their hand!

[@authentichomestead]

How is a car that is a 2006, almost 20 years old, a repo? Somebody must have drastically over paid for that car!

[@mrbob19561]

Creative finance

[@tknapp]

Suggestion Brandon: See if one of the dealers would let you focus on him at an auction and explain each car he did or didn’t bid on and why including what he paid. Might give another perspective. 👍🏻 Also, you could tell him you’d make him a viral star 🤩. 😁

[@davidthomas2719]

Your comment is understated "dealers trying to score a homerun on every deal" is worse than you think. The dealerships are desperate and will say anything to bring us in. Only to unload all of their expenses on us at signing. NO THANKS 🖐️ 😂 I'll buy private party from here on

[@roadmap999]

So you know - in the commercial office market, landlords are offering 1-2 years of free gross rent on 10 yr terms. But they won't lower the rents because that would snooker them forever.

[@Mymenagerie714]

Whats happening to our economy is being done intentionally.

[@aerithgrowsflowers]

Seems like normal long term debt cycles to me

[@kentalanlee]

Correct. Now ask yourself, why is the Fed doing this to us? Who wants it this way? Who profits from it?

[@JohnS-il1dr]

Yup inflation is a form of tax on us

[@aerithgrowsflowers]

@@kentalanlee probably to avoid negative interest rates

[@horseathalt7308]

You can see the NWO globalist shills reporting for duty here to try and take your eye off the ball. There is no question that it is an intentional destruction of our entire western civilization. All aspects of life are being destroyed in the west.

[@bersig]

Take the hit and sell the inventory at a discount. The longer you hold onto it the worse it will get. Consumers have spent their paycheck, they've spent their savings, and their credit cards are maxed out. They have no money left. Even if they did, their taxes are going up. Their grocery bills are going up. Gasoline and electricity prices are going up. You're product is competing directly with all of that and you're at the back of the line. You will lose. It isn't going to get better any time soon. A loss of $500 is better than a loss of $5000.

[@TennesseeEcoman]

The “Chip” shortage seems to be over but prices are still high. 🤷‍♂️

[@tigersilberhannes9153]

How can you repo a 2006 car? Thats 18 years ago!!!

[@mcar12]

20 year car loan

[@CustomerService-ni6wi]

the same way you can tax it still, re-sell it a bunch of times.

[@TheIrvingsylva]

@@CustomerService-ni6wi talk about the greatest grift ever….

[@TheIrvingsylva]

18,600 is still too much for that 2014 Silverado base

[@danc9440]

That vehicle has been bought and sold 5 or 6 times by now. I bet the last buyer had less than a year before it went into Repo.

[@kentalanlee]

Credit doesn't last forever. Even for dealers. A haircut is coming.

[@roberts.3712]

People can't pay for cars....they are broke.

[@vickijohnson9367]

If people understood the finance industry, they would realize there is a point where finance plans in leaving a civilization high and dry, where derivatives and CDS are more lucrative. Finance really doesn’t care, debt is the economy, so they are too big to fail. Finance should have never been deregulated. This credit (debt) created boom has to explode, that’s how finance is designed post-deregulation. The top 1% makes money either way, boom or bust, they do not care, they have already transferred their creations to businesses, governments and citizens. We hold all the debt they create.🎯

[@Skyking6976]

Yep…I could see dealerships doing car loans to the poorly educated during the pandemic with free covid money forced to buy high end trim models and then doing some type of CDS on the tranches and making money when those $1,000 payments stopped coming in😂

[@Jesus81364]

Went to buy a used car that had been on the lot for over 60 days. They wouldn’t sell it for the online price without adding 800 dollars of BS add ons 19:10 (nitrogen tires). Dealers really are refusing to lower prices.

[@sburns2421]

I live in a little town of liquor stores, churches, and used car dealers. The dealers occasionally brag about how much they make, claiming they can buy cars at auction for $2k, putting $1k in it, and selling for $7k.

[@timbusch1786]

And you believe them?

[@sburns2421]

@@timbusch1786 considering the lifestyle of a few of them, yes

[@john_nip_nop]

Maybe they are selling merchandise in addition to used cars (drugs, stolen property, gambling room in the back.) The car lot is how they launder the funds.

[@sburns2421]

@@john_nip_nop one way is to have a car hauling business too. I knew one that never had anything but the same POS on his lot but always was super busy hauling cars across the country and into Mexico. Things that make you go hmmm. But you could tell from a mile away he was dirty

[@godmotheru]

2012 Infiniti sold for $4500, and the dealer will go put it on the lot for 27K with almost 200K miles. The greed is DIABOLICAL

[@swaky5138]

I currently work at a major automotive supplier and our production for Stellantis has absolutely dropped off a cliff.

[@x3dominator28]

I’ll be so happy when East Tennessee has less than five dealers. All Of them deserve to go out of business. Reset the industry

[@ivangotyokes]

5 years ago I used to want some type of mid level luxury vehicle. $30-35k...I could never afford that. Fast forward to today, I make over $100K a year and can't afford a $30K new base level economy car with prices and interest rates combined.

[@HanleiHess]

Ur vids are consistently good, thx.

[@sinewave5020]

Waiting....waiting... Sitting on the sidelines, waiting for the 50% off sales. Till then, just keep maintaining and driving my 2006 Honda, that should be good for 300k miles.

[@BillybobThorton-q7w]

07 for… oops, i mean mazda fusion. 😁 only at 172,000 miles. Will drive this vehicle until its bolts grandkids have grandkids

[@ChrisBrown-yk6bb]

Nextime i go to buy a car I plan on telling the dealer about the market adjustment discount they are going to give me.

[@angiekelch604]

It sucks, my daughter got rear-ended and her car was totaled. It's so hard to find something with low miles at a decent price. She's better off buying something new. I told her to look to see if they had add on's, if so walk away and look somewhere else. Watching your videos has helped understand what to look for. Thx for all you do!!

[@ILoveTinfoilHats]

Make sure their insurance actually gives you the current value of the car, not the it *was* worth price. You'll probably have to fight them for it, I'm sure commission based lawyers would help you out

[@sinewave5020]

Look for a used Honda Element...check for rust though. Good 300k mile cars

[@osvalditochirino3428]

All the Uber folks the new norm is 15k plus a year mialeage I think

[@RCXDerp]

Its rough even lightly used Honda Fits are holding value, such a weird time

[@markscott9622]

Bad for them. Good for you. Good for us!

[@rakeshmahadeo672]

Prices not going down in Florida .

[@rakeshmahadeo672]

I am used car dealer .I not going back to Auction till October .

[@RonKnowsStuff]

Where’s your lot and what is your target market?

[@rakeshmahadeo672]

900 N scenic highway Frostproof .5000 and under

[@horseathalt7308]

You know all that money that Crooked Joe has been sending to Ukraine and Israel under the guise of helping their war efforts? LOL Only a tiny fraction of that cash is used for those war activities, the rest is laundered and then most of it is returned to Biden lackies and handed out to those in cahoots with the communists trying to take over and ruin the country, quite a bit of it goes to "supporters" like hispanics that will vote for these criminals.

[@horseathalt7308]

You Tube censoring my posts again. That's deliberate, TPTB are keeping the prices high to make us all poor.

[@trunkmonkey4938]

OMG a Expedition Limited new is about $80K to $105K and used brings $20K after only 5 years! That's ~$72.5K loss in 60 months (Loss of $1,200 per month + what your payment was) . WAKE UP PEOPLE stop buying this crap. Fix up your old cars. Tell the manufactures and dealer to shove it.

[@dirtcurt1]

I bought a new 2006 King Ranch. I swore I would NEVER do that again at 48K out the door. $700 a month for 6 years was painful. I was making 100k a year and my mortgage was about $600 per month. I'm retired on a decent retirement, and I still have that truck and the 2000 I bought new for $28k in 2000. I might think about another at $40k but that's it, I'll keep em running till I'm dead

[@randalluthe4792]

I guess the dealers should have thought about these costs when they kept asking asinine prices above MSRP, playing games with customers and refusing to sell vehicles when they had the chance. Let alone the manufacturers not making affordable vehicles for years to begin with. Now they are paying the price for pissing everyone off...

[@Greg_Chase]

That Ford mini pickup at the beginning. - new motor and transmission - new suspension/ball joints - replace tailgate (from Ebay or salvage yard) - new tires You're into it for a lot less than the $60,000, $80,000, $100,000 for a new pickup. Super low insurance, no loan on it, etc. I love it. They stopped making them. Too much value for people who haul stuff, "we gotta make these people spend more" and they did. Such a useful work vehicle. You can put a cap over the back and start all manner of delivery services (jobsite supplies, parcels, auto parts delivery to dealers, etc). I love those affordable mini pickups. We have been hauling all kinds of stuff for our rentals for over 20 years now. "You can't have too many friends" "You can't have too much opportunity" "You can't have too large a hauling capacity in a mini pickup" .

[@darylarmentrout252]

250,000 miles dude

[@Greg_Chase]

@@darylarmentrout252 I have experience buying non-running vintage vehicles (motorcycles) from the 1960s and 1970s (and a few from the 1980s and 1990s). My collection grew to 250 before I sold the collection. Most people are probably aware that you can revive a non-running vehicle, and a lot of people can learn that a few key parts of a vehicle, if re-done or replaced, can put the vehicle back on the road and make it reliable. Maybe not as reliable as a new car that comes with a warranty, but if you have the means and know-how to understand what parts of a vehicle need the most attention to make it roadworthy, you can have a useful vehicle. There's no way we'd spend $60,000, or $80,000, or $100,000 on a new vehicle. "You pay for what you don't know." I suspect that if you gave Brandon or his team a non-running vehicle, they could assess it in 30 minutes (or less) and know what to do to get it back on the road. Machines are cool. We have a small group that works on electromagnetic acoustic resonance devices to create artificial gravity propulsion - see our twitter/X account called "GreatSunnyDays" - figuring out machines, working on machines, is a great hobby.

[@talktomehnice]

Been ready to buy but prices are unreachable $$$!

[@larrydixon-vi7ld]

That silver truck is rougher than a stucco bath tub

[@brandonhodge4778]

My local dodge dealer in tx Litterally sent 25% of there inventory to auction yesterday instead of lowering there prices. I’m like dude yall gonna go out of business sooner or later

[@GerryMatestic-bw2zi]

The great shakeout is coming,when the depression hits only a few auto companies will survive.....All the zombie companies will fail....It will be something to see.....

[@MattKamowski]

Bidders should collaborate and not bid at all or just low-ball bids to control the market. A month with no bids the prices will drop considerably 😮 But people are way to competitive 🤣

[@RTMDPropertymaintenance]

Never buying a new truck again. Not ever. I make good money - but I can see this horrible investment does nothing but cripple the buyer. You lose everything. Paying way too much to get what ? It still depreciates immediately…. It winds up being of no value at all in a short time - then you buy another one. Crazy to spend this money. Buy land. Buy gold. Buy silver. The day of affordable trucks and suv vehicles - is over for me. I just can’t believe new trucks doubled in price in 5 years.

[@mushethecowboycook9353]

While you’re in concord/charlotte and I live in Raleigh as a small KZbinr, I recently went to a number of new dealers and saw the same thing you’re seeing’s. I kept laughing as i counted 15, 20 of different models. Keep up the good information

[@albutterfield5965]

I don't understand how many of the dealers are keeping the doors open. Here in Texas I see dealerships that are closing down some of their secondary lots and truck lots and consolidating everything on one lot.

[@MyLifeThai371]

Our chevy and Ford dealer don't have anymore parking spots for their brand new 2024 pickups. The cheapest truck is $45,000 for a regular cab short bed work truck with rubber floor. 4x4 is the only option on it. Unaffordable!

[@leos3003]

The moment I've been telling you for month's about is here. The dealers are going off the cliff and the prices are going to swing back way to the other side. Very soon we'll be buying good cars for $20K that you'll be able to drive for 20 years in comfort.

[@MichelleScott-um2iz]

This was well made, rly liked it.

[@mlrllama]

2024 Q4 is going to be bad across the board. We haven't seen the last of the tech, financial and banking layoffs. Credit card debt just hit over $1 trillion nationwide. Foreclosure rates are steadily increasing...car repossessions are up over 20 percent as of July 2024... Car market is about to go tits up.

[@warriorplutotrent3827]

If you have it priced right it will sell. I'm a used car dealer and i sell every month of the year. I also have tons on returning customers from friends and family. I usually have my vehicles priced right under the competition. No taxes nor extra fees. Doesn't hurt to do the customer right.

[@mrcnorth7149]

New car dealers and manufacturers hopefully will wake up before they all go bankrupt

[@troyprudhomme8222]

We don't hope anything but hurt for these dealerships

[@badasstutorials1489]

I bought a 2020 Equinox brand new. 2 main reasons im holding on to it is my loan is 3.99% and dealer prices are still outta their minds. Ive never carried a note to term before but for the first time in my life it just makes sense!!!

[@Slebonson]

Greed it has been there since the beginning of time.

[@uo2230]

18600 for a 10 yr old truck w almost 170k is ridiculous. It should sell at auction for 11k and retail 15900 or a bit more. Way better off buying a 2005 or so as those don't have SFM (DOD) and are easier to work on. Yeah the transmissions will go out but you can replace it for 5k andbthe truck is good for another 200k.

[@cameronjenkins5304]

I am seeing prices crash here in Colorado. Christmas is going to a great time to buy!

[@pukavoket]

22K miles on the 392 Green Hemi is equivalent to 30K with all the Hot Rodding those car get.

[@csjackson76]

When a car is repossessed is the remaining balance on the car what it costs to purchase the car ?…..

[@john_nip_nop]

The market sets the price of the vehicle. If the amount realized, after expenses, is more than the balance owed then the seller (lender) is required to refund it to original buyer. It is in the loan contract and consumer law. Often there is a deficit, not a surplus, and the borrower is on the hook for that (interest clock running.)

[@jeremiahtonello4644]

All the auctions we go to are selling at retail prices. There is no room to make money especially if you have to put repairs in the vehicle. Nothing is going down across the board. Although there is an increase of more vehicles, but the quality is terrible on most and the prices are high.

[@john_nip_nop]

Auction prices are high only if bidders make them high. Someone must have a strategy to make a profit on what they are buying.

[@magicmanservices]

you said it all right there.

[@rlvtrader]

I'm seeing signs of the used car market near my area correcting finally, from individual sellers.

[@kevinparks777]

APR average is 15% now. No way would I ever finance for that

[@jerrylundegaard2592]

As of July 2024, the average car loan interest rate is about 9 percent. For people with super prime credit (780 +) the rate is about 5 percent new and 7 percent used while for deep subprime (under 500) the rate is 16 percent new and 22 percent used.

[@skeletony2812]

I wonder what shops cost when restoring a car. Id rather put 20k into my truck than buy some new over priced over tech bullshit

[@floridaman7]

Getting a car repainted is a nightmare. Everything else not so bad

[@skeletony2812]

@floridaman7 I don't care much about the paint. It's decent and I would wrap it if anything. I want it restored mechanically and the interior. 20k should be enough for that right?

[@floridaman7]

@@skeletony2812 what year model truck?

[@skeletony2812]

@@floridaman7 02 Silverado decent shape just want it to feel like new again

[@floridaman7]

@@skeletony2812 whats wrong with it? Is it a crew cab?

[@FlashTriggr]

Your content is really great, good mix of humor with the reality of the market, and for the car guys getting to see what rolls across the line. Really engaging content you make during the auctions

[@zbeast]

and yet... I still see used cars on the retail side where people are trying to get like $3000+ what the car should cost..

[@kurtmeyer5017]

i dont care what anyone says i wont pay that for a 10 year old car.. ill walk

[@Leviathan02464]

I need a pickup and have been shopping around for one..no real brand loyalty as I have owned them all before. I have great credit and good income but I REFUSE to pay these ridiculous prices

[@troyprudhomme8222]

This whole auction industy is disgusting.

[@daveplem]

How do you figure? Too much transparency for you? Let me guess… you are a used car dealer with a full lot of overpriced cars nobody wants?

[@troyprudhomme8222]

@@daveplem I'm a RN lol

[@user-mg6qp5th6f]

SAME thing in the housing market. People who overpaid and now the prices are tanking and they are upside down and unable to sell unless they take a loss on it.

[@Xchangeevery138]

$18.6? For a 2014? What? They are cheaper here in facebook Vegas surrounding area. It seems your auction is priced higher than marketplace??? What??

[@mikeyhanson78]

As a person that works at a automotive production facility they are literally cutting costs on anything they can, they are not paying suppliers, sometimes we even run out of paper towels! I don't think they will ever lower prices, they will go down with the ship before they do that.

[@chipdiamond2628]

Finally the prices are going down .

[@TheBrittCrew]

Went to a dealer auction only in Minneapolis in the early 2000s. A few years old Silverados were going for 6-9 grand. 90s Ford's they could sell for 500. The markup is wild.

[@wojtylo]

I am checking on jeep prices in Chicagoland. Two dealerships already lowered their prices on 24 Grand Cherokee L Limited by 10k !! From 55k to 45k. It is starting to show.

[@zodiac_blue9116]

Funny thing is, if bidding was open to the public, they would make way more money.

[@MrThebirddog]

Trying to buy a older Camry, still want 10k. Keep it

[@Boodieman72]

Recession fears? Where have they been the last 2 years?

[@AlexSanchez-gh8ov]

Although I’m not in the market for a car at the moment I still enjoy watching these videos

[@janvanhaaster2093]

why at such auctions they can't just talk normal so that everybody can hear the bids? now you need a translator....

[@Zack_G_E]

Nissan is selling trucks at a reasonable price right now probably wont last long though

[@Murrayfan]

Evidently the market im in hasnt gotten any memos of people not being able to afford cars. Found 4 different cars that i was interested in ( looking nationwide for used cars ) and every single one sold the day they were listed before i could even get a picture of the vehicle from the salesmen that i spoke to

[@justingualducci5972]

They aren't coming down😊

[@junkinwithjoseph1946]

Had a Ford dealership locally who added $30,000 to the price of a new truck during covid. They called it adjusted value.

[@davidk5093]

The $800 vehicle will need like $8,000 in repairs just to make it a safe drivable car

[@1990HondaEFHatch]

Best response to this video is “Well, well, well”

[@chuckhunter1410]

The way they screwed everyone over the last several years they should have plenty of room to lower prices! It's a joke the way these dealerships operate! And now thanks to the Internet their busted!

[@MrStrutus]

The dealers still selling cars expensive