Car Market Crisis?: What’s Next for Auto Buyers and Sellers | Aubrey Janik

Aubrey Janik discusses the potential crisis in the 2024 car market and how to navigate the challenges and opportunities it presents.
In this episode, car market expert Aubrey Janik joins host Andrew Brill to provide an in-depth analysis of the upcoming challenges for the auto industry. Janik, a seasoned car investor and Turo fleet owner, offers her insights into the potential crisis and explains how you can capitalize on market conditions.
Discover why Janik believes the car market is on the brink of significant disruption, what factors are driving these changes, and how both buyers and sellers can adapt their strategies to protect their investments. From buying and selling cars to leveraging platforms like Turo, this episode is packed with practical advice for navigating a turbulent market.
TIMESTAMPS:
00:00 - Introduction
02:01 - Car Market Changes
05:46 - Buying: New vs. Used
09:48 - Buying Used Safely
14:37 - Navigating Dealerships
17:59 - Vehicle History Reports
22:48 - Financing vs. Leasing
26:37 - Evaluating Car Value
30:56 - Future of EV Market
33:57 - Making Money with Turo
39:20 - Managing Turo Overhead
42:54 - Advertising Turo Rentals
44:24 - Urban vs. Rural Rentals
47:52 - Closing Thoughts
#car #cardealership #investing #wealthbuilding #automobile
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[@user-dl9pb8pl8v]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@FrancisSamuel-lh7ic]

Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Ann Marie strunk 🙌

[@HaroldWeaver-ho2rr]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@PiliesDavid]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Lisa Annette Robinson, has been an amazing experience.

[@MercyJoy-jn1eg]

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@SaliolGalbiati]

I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Ann Marie strunk 😊🎉

[@AubreyJanik]

Thank you for having me!

[@Wealthion]

Thanks for joining! Looking forward to having you back soon.

[@DoughnutswithSprinkles-wq4vo]

Thanks Aubrey. That was very informative. Following you on youtube now.

[@giampi4671]

Congrats to Aubrey, very informative video

[@rd9102]

Leasing is now and always has been a good deal for the Dealership, it's not good for any retail buyer almost at all.

[@v-2010]

Dealer model needs to go. Let manufacturers sell direct. States need to get rid of nonsense laws preventing it. So unconstitutional.

[@codygreenland9817]

Unions get involved and good luck getting your car fixed in less than 6 months. It will end up being cheaper to transport your car to Mexico to get fixed under warranty .

[@codygreenland9817]

The current system is de centralized. It’s not perfect but if you centralize it everything will be more money. The small town deal will be charging big city prices. And could give two shits about giving you a deal on anything knowing corporate pays the bills not the local customers

[@v-2010]

@codygreenland9817 Decentralized? The dealers all buy from the manufacturers, mark them up and then resell them to us. I understand that during the last century the manufacturers didn’t have the infrastructure to sell direct to retail customers. We’re not there anymore. I’m not saying to ban dealers but allow manufacturers to sell without the middleman.

[@steve410]

I need to upgrade my car badly but im waiting as long as possible

[@jobob47]

me too. still overvalued

[@bullmarketbear]

Same

[@alfredoddiaz8306]

Truth is that with internet and combatting dealerships that have nefarious practices, it is way harder for a dealership to negotiate the price down when so many want to raise the prices when you come in.

[@futonfave]

This is perfect timing. I am going to Naples Florida with 22 yr old daughter to buy a car. Looking at Honda, Toyota and Hyundai used. I have been in contact with dealerships and it is hard to get a price out of them. They want me to come and I am still in Phoenix. They are game players for sure. Thank you for your interview.

[@Miranda3730]

Oh wow! don't do Hyundai!

[@Wealthion]

Hey, Andrew here, good luck. As I said, I just went through the process. Do you homework online. Pick out a few cars you like at the price you like. I checked out the Carfax reports and inquired with the dealer. When you get to Naples, (which is beautiful by the way) take a look at the cars and make sure you'll be happy with the one you choose. I looked at many CPO cars and bought one for my son I never thought I would but it's perfect for him, in great condition and he's happy. Safe and reliable is what I was looking for. Went with a Honda Civic. I'd say enjoy the process but there is no way to do that. Look at it as a bonding experience with your daughter.

[@ericarseneau1904]

So it's okay for her to make money with cars but she thinks dealerships should give away the profit to customers. I agree that adding fake charges to the advertised price is wrong but there is nothing wrong with selling a new car for MSRP and making a profit. She paints all car dealers with the same brush. I have been selling new Honda cars for 36 years and we only charge MSRP plus tax and license. No made up admin fees or other charges. We also have such a small relative profit that we don't discount unless there is a factory rebate. It costs a lot of money to run a dealership and without a profit you won't last long.

[@redtiger7268]

You must work for one of the few honest dealers out there. I have been in the finance office multiple times where they tried to add on over $5k worth of "non-negotiable" add ons.

[@AubreyJanik]

The discussion about villainized dealerships isn’t one targeted towards what seems to be ones like the dealerships you work for - no one, including myself are complaining about making a profit. But what I do have a problem with is dealerships adding fees and framing them as “required”, negotiating in bad faith, and treating customers differently based on their own personal experience in the car market (ie: bias based on color, sex…etc) - all of which are major problems in the car market today. It may not be all dealerships, but it’s far too many of them.

[@jobob47]

great. give us the name of your dealership.

[@ericarseneau1904]

@@jobob47 In N.S. , Canada . Probably a little far to come buy a car :)

[@jobob47]

@@ericarseneau1904 too bad, I am down in New Mexico. so yeah.

[@olivialopez4163]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@rexchizzy5628]

Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Ann Marie strunk 🙌

[@tinalopez4936]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?