CARMAX Lots Are OVERFLOWING! They're In SERIOUS TROUBLE!
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- Опубліковано 25 лют 2024
- CARMAX Lots Are OVERFLOWING! They're In SERIOUS TROUBLE!
In this video we talk about CARMAX. I take you to CarMax's lot and show you just how full it is and how expensive their cars are. It's clear that CarMax is in trouble and their prices aren't sustainable!
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 - Авто та транспорт
Please LIKE this video and SUBSCRIBE if you haven't. It really helps me out!
They really are like a buy here pay here rip off😂 12k focus with 98 k miles wow! That car is about used up 😂
I love the support you guys have with other UA-camrs..like lucky Lopez and Ray & Zach. Feels like a team has developed to help guys like myself that still are sidelined until we pull the trigger on a good enough car deal.
Thank You So Much, for all your information and advice! Your YT collaborations, are awesome, too. In mid January '24, I found and bought a 2017 Toyota Camry LE, one owner, low mileage 69k, great condition. It was 17,500 OTD, in Denver, Co. It, was from a mom & pop family dealership. The car looks brand new. I could not wait too long, to get the car cheaper, bc I was without a car. May God Bless You 😊
I’m actually have to go to CarMax in this next days. You want me to film the prices of their vehicles up here in Maryland?
$12,000 for a 10 year old econobox with 100,000 miles is CRAYZEEEEE.
I paid 15k for a similar car back in the day.
The difference it had 8k miles on it
I paid 13k for a brand new Toyota Yaris iA in 2017 with 5 miles on it. The prices today are ridiculous. Im driving this Toyota til the wheels fall off
My c5 corvette was $18k with 58k miles on it. I got it right when the pandemic panic happened
That Focus is a $3k car. I wouldn’t buy a go cart from Carmax. Those clowns even do their own bodywork. Bondo city. 😂😂
In 2014 I paid around $10k for a 2004 Toyota Camry with 80k miles. I still drive it daily.
In my opinion- they are like Rooms To Go furniture stores. Their product is not furniture, it is financing! That’s where the money is.
Rtg is the shit 55 months no interest.
You are absolutely right
Correct. One reason they are horrid.
Rooms To Go has nice furniture at affordable, reasonable prices (and they deliver on time - ordered a houseful of furniture from them). Big difference compared to Carmax.
You are spot on.
They ran out of fools to buy their overpriced cars/trucks.
Everyone got laid off. Economy is the best it’s ever been though🙄
@@vince131s nope too many spending money they do not have 2% unemployment rate. 50% usa 7th grade reading level hard to get a real high pay job with low skills
Not enough fools can get them
@@yvnerservius1913, ha...ha...they tried, but the smart lenders stopped them. Their broke parents upstairs, could not qualify, either. Ha...ha...😅
They have not run out of fools yet. Many will soon be getting their tax overpayments back and the first thing they'll do is run to Carmax to buy an suv!
That company has been delusional throughout this whole time. Let 'em fold!
They could drop their price 20% and they still would be unreasonable.
Don't worry is fast approaching a 20% drop.
i went to carmax about five years ago and was blown away that the prices were non-negotiable. the old "my way or the highway". i took the highway.
i wouldnt set foot on one of those rip off lots.
As did I on two occasions and both times I went with the intent to purchase on that visit but with their take it or leave it attitude on price, finance term (almost twice the bank quote) and warranty prices, frankly was insulting
I go to carmax all the time. I have them line up all their sports cars and I take them all for a nice joy ride. Figure out what I like best Hassel free and then go purchase the car private party. Or sometimes I just do it for fun with no intention to buy anything ;)
good place to practice speed shifts.@@taylerellis378
@@lalutte65 i sold cars in college. bought my daily camry in 18 CL after being manhandled by NCD's and ucd's. bought a toy in 2022 old pony car thru fb. UCD's had junk. fb allows u to dm. there are still scammers but you can get clues about the buyers. I like FB for a used car.
I want a car no price higher than 20k max. These car manufacturers are idiots.
Good luck with that.
look up the chevy trax, newest model starts at 20k.
not that you should buy it, but it does exist.
i understand wanting cheaper, but there are limits to how cheap they should make things. i wouldnt buy any car under 25k, and id look real hard into anything around 30k. 'things arent made like they used to be' gets WAYY worse when you go cheaper
you don't even need to spend 20k. I just bought a pristine 2016 Avalon with under 100k for $12,500 on Craigslist and there are many more.
@@lonewanderer3603theres no luck if everyone in the consumer market fks them over so i dont know why you responded like that.
@@lonewanderer3603 I found one cheaper than that, it's on my drive. 😜
The used car market and private sellers are just as insane. People want 8-10k for cars with 200k+ miles 😂
$38K for a 2020 SR5 4runner 🤣🤣🤣🤣 thats the base model, these dealers are complete jokes.
especially toyota dealers
You can get a new 2024 for 42K…this used market is sad
@@ethibodeaux7youre forgetting add ons and marketups so that 42k does not exist
@@unfairsanic5089 it does when you keep looking lol, had a dealership try to add a 10K markup and went to another do the same car and got it for MSRP and a discount lol
You people just allow dealerships to bully you out and instead of bouncing around or waiting you pull the trigger there, well at least in Houston, Texas it’s not a big issue
Just bought a 2023 4runner sr5 premium 20k miles from Avis car sales in FL in december of 2023 for 34k
GREED is what killed them
$38k for a 4 yo old 4runner is insane! I will continue to fix my cars until they turn too dust.
Guy at work went to CARMAX this past weekend and was told while he was on the lot that he needed to make an appointment to see the truck he was wanting to look at!! He told the guy he could kid his a** and he didn’t need an appointment to do it!!
I am not paying $20,000 for anything with 50,000 miles, let alone the ludicrous 100,000 plus club for that silliness. They can rot.
Some used cars like a Lexus would probably cost that. But it will mostly likely out live most cheap new cars like Hyundais or GM products.
I’m with you. I paid $27k for my wife’s car and it had 17k miles
A 2019 Toyota Tundra SR5 asking price is 30k with 105k miles, in Atlanta. SR5 CrawMax, nothing special.
This is crazy.
Something like a good Lexus model with 50,000 miles will still out last sever other brand new cars for the same price. They can easily get 300k with good maintenance.
Meanwhile I just paid 22k for 55k miled 19' Honda fit si. And this was the most reasonably priced si in my area. I actually tried CarMax for a 15' Honda fit with 48k miles for 17k. Ended up returning it due to too many issues. Surprisingly, they have a very easy return policy and refunded me my non-refundable transfer fees to get it shipped to my area.
My local CarMax has 758 cars in inventory. Cheapest car was 2014 Scion iQ for $10.6k!!!
TEN GRAND for a 10 year old econo-box?!?
CarMax has lost their mind.
Thanks for having me on the channel, Brandon! CARMAX needs to make some serious business model changes if they intend to remain successful through 2024 into 25.
Dealers haven't felt enough pain yet.
Let them feel more lol
CarMax is the Target of the car market. Overpriced but carry the same thing as everyone else around them.
Dang near any business model can work when things are going great, it's when things aren't going great is when you find out who had really bad business models. Time will always tell.
Our local dealer auction lot is packed like sardines...These dealers are all upside down on their inventory. No interest rate relief in sight...by May there will be blood in the water
Well said
@@garymcconnell4379 what will may look like for new and used car dealers?
The Toyota dealer here has his overflow lot PACKED. Looks more full than pre-Covid.
what state? camry here. I am surprised usually toyota dealerships post covid have a very slim inventory. are you trying to buy a new car
@@subaruamazon florida
Toyota lots here have lots of room
@@RonKnowsStuff ron, they are bastards down there. are you looking? id say GA or alabama or Ms. florida lv la very tough markets to buy.
@@subaruamazon Brandon wants me to get a Toyota but you are right, scumbags are down here. We will travel as far as Tennessee when we are ready. We are very blessed to have a home in GA too so traveling to get a good deal is no problem. Getting off my wallet - that’s another story
My local carmax dealerships are loaded with inventory! Sales area is empty with no customers! Went by all 3 of them and they still say they cannot negotiate which is their regular policy but it’s crazy! They could make a sale if they asked reasonable prices.
I bought a 2022 CRV-EXL 3 months ago for the wife at a Toyota used lot. Right next door is a new Toyota dealership. It is FULL of trucks.
I made a comment about how many vehicles are on the lot. I was told that "all of those are sold, the owners just haven't picked them up yet." Of course I thought, yeah, right.
@@justsayin3600 yeah…. They lied. New Tundras have discounts on them all over the area I’m in. I wouldn’t buy a 22 or 23 either though to be fair, they have too many problems.
I gave proof to a salesman that the used car I wanted was being sold for a higher price than the equivalent new model. He said, "No, that's wrong.". So I left and went elsewhere where you can HAGGLE!
my 2012 Passat TDI SEL just hit 199k miles today. It has a slight issue going uphill with the turbo - but other than that drives pretty good - dealership want to offer me $1000 for trade-in when they are selling similar vehicles in the 6-8k range..... Such a joke - if they just made me a decent offer on my car i would actually consider upgrading - but since not - they get nothing - screw those greedy bastards!
Keep that Passat! Put a few bucks into it with a GOOD VW mechanic & wave at your dealer as you go by!
Tundra has 32k miles and it’s only $4k less. I don’t understand the people that buy from CarMax. But they are out there.
FYI- According to the IRS the Average refund amount: $1,395 in 2024, down 28.9% from $1,963 in 2023
But it is enough to make a down payment for a 12K or 15K used car.
i am not feeling refunds will have the impact they would have in the past.
@@artfquinn That assumes they have the credit to obtain a loan, which is getting much harder to qualify for.
@@subaruamazon Agreed, and with the banks tightening credit health standards and rising interest rates it's going to be even harder. I gave up my car in 2019 and never look back. After 30 years on the road in sales for the printing company I owned, I'm very happy to use UBER or Lyft when necessary.
@@johneisenberg5065 how do u go to the grocery store? how do u go to the atm machine?
The prices of cars have forced me over the years to effectively become a mechanic by necessity. I do all my own work on my 20 year old honda, if i dont know how to fix it, i look up how to do so. Barring lifting the engine out, i can do everything simply because i cannot afford a mechanic let alone getting into auto debt.
Pull the engine if you have to. Get a engine lift from harbor freight super cheap. Nothing on cars is really all that hard to fix with help from experienced retired youtube mechanics and the right tools.
Same. And the high price of car repair and my mistrust of others....I especially do not care for paying for business's overhead
I’m the same way. I’m learned a lot and now I’ve got many tools that I can use on future vehicles.
@@taylerellis378 most honda passenger cars the industry standard is to drop the subframe. there is no need for engine hoist. two floor jacks a couple 2x4blocks and a jackstand will get most. You CAN pull from top but why do that to yourself. its 6 more bolts to pull from below. (the way it was installed) its not difficult.
I have a 750 credit score. I can’t get a loan under 12 percent apr. I’ll pass
I have an 826 credit score and 50k cash to buy something.. l'll pass too
These rates are criminal. Prices will come down because most people cannot afford 12+% interest on a used vehicle for 65k.
That's crazy
@loumason6120 849 score and 100k and I am not going to buy or trade for anything. I have 23 Tacoma,22 Silverado 2500 and 2020 Mustang. These vehicles will be maintained and kept for a long time.
Tax times doesn’t change the fact that consumers cannot qualify for loans they are tapped out on financing and many have no savings.
There's a COPART wholesale auction house beside 95 North in Rhode Island. Both the front lot and the back lot absolutely packed full. Like 10,000 cars on site. Amazing to see!
I’m in RI , what exit off 95? That’s crazy
IAAI in Cincy the same ,, Manheim Louisville same
It's in the town of Exeter@@rsxboss302
Those older New England rust buckets are getting REAL hard to sell.
@@twoc400s5 Even the rust buckets will sell if the price is right.
Carmax prices are insane
$500.00 for a used car drive it till the wheels fall off give it to the junk yard and go get another.😮
Old cars are easy and cheap to fix...
@@breckfreeridecheap to fix them DIY only. Car maintenance costs are rising.
the thing is you cant find a 500 dollar car that drives fine lol
i dont see 500 cars anymore.
@@subaruamazon easy to find in the junk yard
CarMax needs to consult Jay Leno ASAP as their car collection is just regular vehicles Not Collectables!
Refunds lol
People are going to be in for a big surprise
My 2010 Lexus Rx350 has 180k miles on it. I've had it for a decade and it still runs and drives like new. I will keep it until it dies.
Carvana and Carmax are the newest FTX, its a house of cards with manipulated financials.
Studied the Carvana balance sheet about a year ago. They have some enormous debt but they managed to push much of it out a couple years. When it comes due so will the bankruptcy. Yes, a house of cards.
CarMax used to be Circuit City. If you're a 90s kid you know.
Where service is state of the art.
I remember buying one of my most favorite video games ever at Circuit City as a kid. Back in ‘06, 6 years old and had Spy Hunter 😎😎 great game.
Real ones know compusa.
Outta business........😅
I noticed today a local car lot was overflowing as well. It’s happening everywhere.
Apparently Carmax does not realize that when a new car leaves the lot it depreciates 30%. Hope they go out of business. Nothing but crooks.
Carmax won't go anywhere. They own all the car auctions. That's how they get only the very best used cars for themselves and leave everyone else with the junk.
Say it again
I got taxes done early. Federal return is about 85% down from normal. Some states are upping their returns to compensate but it’s still a lot less.
There may not be a spike in buying this season.
Ford focus is a $2000 car.
Even if they cut the prices on half (50%) on those 100 thousands dollars plus, still cars are too expensive.
It's like that with almost everything.. clothes,sneakers, cars .. 50% of don't mean shit when the items are being marked up. Cars being 100k when they mite of been 50k before so when it's marked down %50.. your paing for it used just as much as it would of costed brand new
We lost control. Things are gonna get real rough.
im in the market. but im in no hurry to spend. ill buy when they ask reasonable prices for the cars. i am not under any pressure to spend cash. they are insane to depreciate the value of a used car for 1-2k per year since new. i hear ya, brandon - but lots of us CAN buy, we just arent paying what they want. we dont HAVE to buy a car. let em eat cake.
my camry keeps me out of this market thank goodness.
Hold the line!
@@anotheruser5654 I will i just pray no one smacks me.
@subaruamazon insurance should then cover you. I don't worry about this at all. Someone hit my last car, Insurance called it a total loss and gave me the money to get a new one. The only thing that sucks is if you've customized your car, which is why I'm not customizing this one.
@@Tential1 ten, i am a middle aged man. no big speakers in the trunk lol. i had a tough time buying a good camry because it is competitive to buy them. It is what it is. I would see if i could add money and buy a 15 to 17. i like the look.
Dealers here in Jacksonville are doing the same prices for cars with 40-70k mile on Toyotas, it’s ridiculous.
The simple solution to clearing the lot: Lower the prices. They seem afraid to do that.
I just shake my head as I watch my neighbors flexing on each other buying bigger SUVs, trucks, new additions on their homes, swimming pools. People have gone absolutely insane and they are going to be really desperate when they lose their jobs. Sad to see so much reckless spending just to flex on your neighbors.
Lol same! Mercedes, Porsche,and Infinity. All purchased within a year! I just cant😂😂😂
Carmax's target demographic will not care that you can buy a new one for cheaper.
Those prices are way too high. As you said, much better to buy new.
Have you ever wanted a 'classic car'? It would be less expensive to find a nice rust free classic car and rebuild it, plus it would be worth a lot more than any new car, plus it would keep it's value!
Correction. "They are not selling this for..." They are selling that crap at that price. They are asking.
Years ago I bought a couple of cars from Carmax. That was when regular dealers were not being competitive and honest with their used car inventory. Now those dealers have woken up that they were losing a lot of business to places like Carmax and Carvana and are now offering better competitive deals on their used inventory. In fact, they are doing better than the big national wide used car retailers.
Yeah, i bought a rare car from them that had 38k. Now it has 193k. They were way better value 12 years ago. They were only a few percent more than typical used car dealership and way better quality. Now its the reverse.
Some Lexus don’t have a lot of km because the customer base tends to be older. Toyota and Lexus usually depreciate the slowest out of all major brands
The two Carmax locations near me are absolutely stacked with cars and trucks that are rotting away.. Almost every car dealership around Marietta GA is loaded down as well... Prices are still stupid high and quality is slipping. Not in the market for a car or truck but really enjoy your insights into the market.
And the dealerships near Carmax in GA all have their prices higher than Carmax after adding their ridiculous fee + add-ons. They don't even want to negotiate.
let them sit.
I pass by that Toyota dealership in Austell everyday 🤣🤣🤣 it’s packed to the gills
They are getting ready to sell to people willing to give up their tax refunds. People are so dumb. They treat their refund like a spring bonus. Unfortunately this year I think people are going to have no choice but to pay for necessities.
@@LSHoangi still look at carmax because the dealerships will be more expensive for you at the wnd for putting add ons
Carmax lots look like a great place to find shelter for the night if you're homeless.
Yes to your point MSRP's and dealer incentives are slowly showing. However, the new car dealers are STILL hammering their overpriced ADD-ON fees. Went out last week and couldn't believe it , fees...fees....fees.... averaging like $1800 -$2000 per unit. Are these dealers ever going to wakeup and realize that new car buyers are PISSED ??????
They will do it as long as they can get away with it...
The price of vehicles at CarMax is too damn high!
Roger that from Pompano Beach, Florida
...the one next to my Costco is huge,
and yet I never see more than 1 or 2 people on their lot
.... many times, no one.
Wow that is a huge dealer ... that is wild
They are selling Used Civics for the exact same price as a new one.
Good. Letem rot. Nearly every car is 60K+. 100K trucks. Ridiculous.
Crazy. For comparison, I bought my 2015 Focus SE in 2020 with like 8K miles on it for $10,000.
I have visited my local Carmax dealership several times, about 4 visits between April 2023-Nov. 2023.
Not ONE TIME did a salesman initiate a conversation with me about purchasing a car.
This Carmax is laid out in a such a way, the customer must enter the showroom, to gain access to the parking lot of vehicles for sale.
These visits occurred on Tuesday/Wednesday mornings, not busy times like a weekend or an evening.
I’m in Detroit. You should see it up here. Stellantis probably has at least a million vehicles lined up for miles at multiple locations. I took a video last time I drove by.
I just want to see these online dealers go under. I want to see some big dealers that got greedy go under as well. This collapse can go longer than expected with the banks panicked
I’m gonna keep stacking cash to hopefully buy a new Camry hybrid for a reasonable price in a few years after the Toyota dealers adjust their prices..sticking with my 2015 Highlander running strong still at 101K miles 💪🏾
That highlander is just broken in!
When was the last time you've seen new car prices fall over the last 20 years?
You won't be able to stack enough cash to keep up with the MSRP's.
07 camry 148k. i want a new camry but wont do a thing now. will keep changing oil at 4k instead of 5k to keep this car on the road. I wonder if one can get a camry for 28k? msrp is 26.5. perhaps 28.5. will take a lot of work. an le would be nice before the sixes and the 8 speed trannys go the way of the dinosaur.
@@user-kn4xv6hv4pthey fell in 2008 and 2009 and again in 2019.
And CarFax is not gonna say a word about the failing transmissions on 2012-2018 Focus and Fiesta. It's well known that they ALL go bad but oh no it's fine. Sleezy.
and Fusion.
Those cars are only worth buying if they are the manual transmission models. I saw a guy on UA-cam that did his own manual transmission conversion on his Focus and documented the process. He did it because he did not want to hassle with the auto transmission anymore.
CarMax is hedging everything on public desperation. People having no other place to turn for a vehicle, so they get stuck paying ridiculously overpriced vehicles at 24% interest.
With an interest rate that high, CarMax has become purely predatory.
Biggest problem with buying a second hand EV, aside from the constant price drops, the new buyer has NO IDEA the battery condition. If it was always super charged (to 100%) in a hot climate for example it will have more degradation than normal.
And for the price of a new battery you could almost buy a new car...
Carmax has been overstocked for awhile now. Yet, they still stay in business.
I wouldn't use the term "overstocked" for carmax. They want their lots full. When they get close to capacity they start paying less for cars and end up making more money per car or lowering prices on all inventory.
At what point does some place like carmax realize this isn’t working for us? Meaning what there are pricing these cars at is not workings for them because no one is buying them at these crazy prices. LOVE YOUR VIDEOS BROTHER. THANK YOU FOR THEM.
Thanks as always for showing the Camry's
Love love love these collab vids! Keep them coming. It’s nice to have different perspectives.
Brandon, great point regarding Carmax not following Carvana's direct to consumer channel. After all, it also didn't work for Vroom.
People will pay the carmax premium just for up front pricing and not having to deal with slimy dealerships. Not to mention, msrp is close to carmax pricing but as you highlighted in other videos, msrp + dealer add ons + fees makes the price significantly more than carmax prices.
Remember that you now can actually buy a brand new vehicle with price incentives for less than Any used equivalent model vehicle at CarMax and that's a fact. CarMax is for those who enjoy losing money and getting ripped off.
Those days are over
That's insane for a used Camry
Plus CarMax tends to sell better quality cars than other used dealers and they have a good return policy and basic warranty. I had a good experience with them previously. I think their prices are probably too high at the moment but I'll check them out whenever I'm looking to buy a vehicle.
@@raiden031 That's why you pay new vehicle prices for used ones, warranty and condition, but again on the negative side you pay new vehicle price for the same new vehicle with brand new factory warranty from an authorized franchise dealership that's brand spanking New. I rather buy it New from a franchise dealership if the price is almost the same as used CarMax vehicle. How about you? Do you prefer to pay the same price for the same make and model used or wouldn't you rather buy it Brand New from an authorized franchise dealership. I much prefer New if the price is almost the same!! Only one thing is missing from the New vehicle that you get standard at Carmax, used vehicle fart seat smell 💩. New vehicles don't have this additional bonus.
It would be intereting to know the real repossession numbers.
Keeping my current vehicle. I hope Carmax gets there 🥜 kicked in! Ridiculous prices on that lot!
My current 2016 Hyundai SE was bought from CarMax back in January 2019 for $12,998 and it had only 21k miles. I paid my car off in 4 years and now enjoying this paid off car with no intention of buying another car in the next four or so years. Currently the car just turned to 77k miles on the way home for work and has been spot on dependable needing only a battery and two sets of tires. I cannot imagine buying a Ford Focus with 95k miles with that putrid automatic transmission! I lucked out and had my 22 year old bought new 1997 Ford Escort bite it back in January 2019 just before the market went nuts. I would have bought another Ford (was a Ford owner for almost 40 years), but Ford stopped building cars and the ones you could buy new were worthless after that transmission fiasco. I've very happy as a Hyundai owner.
Be safe and careful.😊👍🙏
I watch your channel as well as others on the car market.... And what is extremely irritating to me as a consumer is this.... The dealers are having trouble selling over priced crap from their lot, so what do they do... Hang on to it until they HAVE to take it to an auction where other dealers buy it for cheaper and the original dealer loses money..... Why..... Then if they are going to lose money on it ANYWAY.... Don't they just quit being PRICKS to customers and give them the discount?
Carmax prices very, very heavy. Used to work in car sales, specialized in used cars.
Sometimes it is best to bring the prices down to what you paid for them and get them sold as many as you can so you can keep from going into debt or bankruptcy!!!👍
You need to be filthy rich or insane to be paying these prices. Cars are like Bic lighters, you buy them cheap flickem until they don't flick anymore, toss it and buy another.
Great content! Super job on the channel. Thank you for the video.
I don't know about other states, but I live in Arkansas, where you can still buy a nice home for those prices, and if you pay it off in seven years, it will still be worth what you paid for it, if not more! You'll be lucky if your vehicle is worth half what you paid! I'd rather finance to buy a house than waste money on an overpriced new car!
I can't think of a possible worse time to buy from Car Max, especially if you have a trade. They have been resistant to come down in prices, but have come way down in their trade offers. Add high interest rates to that and I really wonder about who would actually still buy there???
Planning to buy a car soon. Hoping prices come down! Great video!
Dumb.
@@Kevin-mk6jo why dumb? I need a car. Planning to buy one soon. Not from CarMax obv. But need to buy a car nonetheless.
@@RookieRider93 wait till May 2024, if you can. U will thank me later.
Nope.
@@Kevin-mk6jo You mean April 2025, he will be thanking me
I bought my 2012 Camry back in 2016 with 29k miles for $12,900. Makes me glad that it's got another decade of life in it at least because these prices are ret@rded.
The business model was to use wall street money to buy all the used cars via carmax, carvana, vroom etc. Artificially creating scarcity and pumping the price of the used cars.
Heard on the radio yesterday 2/26/24, Holmes Tuttle and Jim Click Ford here in Tucson, AZ, are giving 10,000 BELOW MSRP. They must be hurting to get rid of their inventory.
But then they add 8k in ridiculous fees probably.
Very helpful and informative video as always❤
I drive a 23 yo accord and love it. Who wants to for these stupid prices? I bought this Honda for 9k in Jan 2006. F this market.
WOW amazing TY so much ,,Keep up the great work
They can all go out of business - won't buy from any of these fine ripoffs!!
If car max went under the inventory to the market would be phenomenal it would really bring prices down. I can’t see how car max is surviving at the moment there next quarterly earnings is April 11 which I feel will tell us where the market is really going to go.
I was watching two Toyota tundra’s on carmax. 2018 1794 edition 4x4 they wanting 40 grand. The original MSRP was 48 grand. Five years old and only depreciated 8 grand? That’s nuts!!!
They need to drop prices by 50% before level headed ppl buy!
Their financials seem to continue to beat expectations...
Thanks for the update.
No sympathy for manufacturers/big box dealers. They were all happy to take that extra cash without thought, time to pay the piper! My son is buying his first car this spring and it will be a cash sale as he has saved and saved. THe car market, like the real estate market, needs a massive and painful correction.
Still driving my 1992 Chevy K2500.
1996 Yukon SLT.
Waiting for the colapse. Incoming!!!
Carmax = Cars at Max pricing
People have been duped into thinking buying used is a better deal. In most cases it is not
Disagree…You have to know which used cars to buy… Stay away from American used cars as well as BMW,Fiat,some Volkswagen and Mercedes(pricey repairs)
Stick with Toyota and Honda..
Carmax for years has always charged 3,000-6,000 or more on used cars…On the other hand if you buy their warranty they stand behind their cars.
Not true, please watch Scotty Kilmer on YT. Scotty, has been a mechanic, for about 53 years. In other words, he knows cars inside and out, he buys used cars, and for cheap. Listen to Scotty and find a good mechanic, to thoroughly check out car before purchase. 😊
@@bernadettemartinez1901 maybe watch someone that actually is t living in the past a d is bought and paid for. He knows little to. Thing. Always
Great videos very knowledgeable salesman / Dealer