Teslas at Auction - Why Dealers Wont Sell Their Tesla even though prices are dropping

Codename C.A.R.SPřed 3 měsíci

I have never hoped for businesses to fail like I hope the “market adjustment” dealerships fail in 2023.

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  Frosty GPřed měsícem

  ​@kagnewcobra Fact-checker; TESLA EV market crash. NOT really. It's about having the best marketing strategy ahead of any market condition and change. Tesla by design have positioned their infrastructure line production where they can produce EV at a lower cost, therefore they can make price adjustments high or low and still profit and that's something the competition can't compete without facing additional margin profit loss.

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  kirk hallPřed měsícem

  @kagnewcobra Sure real estate is high. However it well be higher in the future whereas a car keeps depreciating.

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  JimPřed měsícem

  @Don Rosalio I'm thinking the market will be worse by the end of the year. By then a large number repos should be hitting the market that also need to be sold.

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  Charles ProtheroPřed 2 měsíci

  Totally! They’ve been so smug for too long

Shy_Knee_Side_UpPřed 3 měsíci

Not overpaying needlessly is spot on. Refusing to over pay helps correct the market and forces the downward adjusts to happen faster.

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  David O'ConnorPřed 2 měsíci

  I used to have my theory back in the day when I saw this process has it been under another industry and I thought I would try it about twenty years,,,, but I can see it's up to the professionals as it's a full-time job in thank you for the channel

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  TheTechGuyZPřed 2 měsíci

  @You Tube greedy people trying to fleece you leaves a bad taste in your mouth. I feel the same as you... wife let it slip that my engine blew to a Kia dealer and the price went up $7k. I drove thirty minutes and bought the same car for $10k cheaper than theirs. Dumb greedy sales guy lost a deal that day. Don't ever consider the consumer desperate you are not the only dealer in the state.

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  100Mph PixelsPřed 3 měsíci

  Asians: "hold my pillow full of cash"

eddie7029Před 2 měsíci

The most informative Video on Dealer Auctions yet. As a former small Dealer I like how you have a pre-determined price that you'll pay and you stick to it otherwise it's real easy to get hyped up in the bidding process. Also great that you physically go to the Auctions. Looking forward to your other videos.

Brandon BennettPřed 3 měsíci

I was a retail dealer a few years ago. Now I’m getting back in as a wholesale dealer and this video was sooooooooo good I watched it twice. You are a gold mine Craig.

THE BORDERS FAMILYPřed 3 měsíci

I’ve been watching your videos for the last couple of years and just want to say that you’re doing a great job Craig. You do go on rants and I appreciate your rants and your valuable information. Thank you

trianj12Před 3 měsíci

Great explanation and insight info mechanics of dealer auctions. Very impressed with your evaluation of declining auto values week over week and ability to subvert your human side of self want to your business side of prudent restraint. Fascinating to watch your mental process at work. Great job 👍

Garage QeysPřed 3 měsíci

2 Thumbs up Craig. I appreciate these learning episodes... When you give us a look at whats happening on the ground level. It makes your channel worth tuning into.

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  Dean SockalingumPřed 10 dny

  Great video and no you did not overtalk just very informative thanks

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  Tezla FanPřed 2 měsíci

  110%

david meadowsPřed 2 měsíci

It's interesting to hear the thought processes behind dealership buying and selling and all of your extra comments on wanting versus needing a car. I am not a dealer but I'm afraid I usually fall prey to wanting rather than needing a new car.

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  Don RosalioPřed 2 měsíci

  Yeah, my experience is with used is always full of regrets and a money pit. Better to wisely buy new. My neighbor has all used cars and they are always getting fixed. It's a gamble for sure.

Rolfe HornePřed 2 měsíci

Hey Craig. I learned a lot about car inventory and dealer finance. Before I wrote this message, I thought about market models generally. If the Fed was able to explain its interest rate/demand/price model the way you have, the public would have a much better understanding of monetary policy.

Sam SPřed 2 měsíci

Definitely seeing the market adjusting locally in CT. Prices are dropping on used cars (now below suggest MSRP instead of above) and to a lesser degree, new cars (now about 2% below MSRP instead of above). As the shortage ends and the gluts start to grow expect prices to drop even more. A local dealership 6 months ago had 6 cars on the lot. Now they have almost 100. Huge difference in the last six months.

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  Liberty ManPřed 2 měsíci

  Carmax is looking for everything to be back to normal around September. They have stopped advertising to buy your car and are trying to unload the slow movers so the bite in the ass is not that bad when the market adjusts.

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  SN4RLPřed 2 měsíci

  Same, MSRP + $2k is what I am seeing on some new models. Used prices are slowly coming down, but nothing great yet. Still seeing one year old (low mileage) cars selling for over MSPR new. Hope demand in the next few months dies off more. I like going to a lot seeing 7 or 8 new of the same used model I am shopping for.

Supa DupaPřed 3 měsíci

Amazing stuff. Felt like a behind the scenes of the car sale business. Appreciate the transparency.

Thomas MazzolaPřed 3 měsíci

This is the best video you’ve done in a while . I see it as a real time market report. I’m in the market for a fun car. I’m watching your videos to see when I should buy

dave smithPřed 3 měsíci

I've been watching the Tesla prices for the last couple of months, just before Christmas the smaller dealers in the area gave up and dropped their prices by around $15k, at the start of this month a 2019 Model 3 LR with around 20k miles was $50k, now $35k. Carmax and Autonation are holding firm in the $50k range. Right now Carmax has 570 Model 3's, 191 of the are LR's, I guess they are praying they can shift a few more before having to bite the bullet and take the loss.

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  Liberty ManPřed 2 měsíci

  @Anti-Troll Comedian Carmax stock is down 20% When it gets down to 30 % BUY ! BUY ! BUY ! It's an excellent run copany .

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  HCJP BlueSkyPřed 2 měsíci

  At one point Carvana had 90% of Chevy Volt listings, on Ebay. All the newer (2016+)'s were 20-25k, with mileage hardly affecting price. Carvana is in the same boat as Carmax. The decision to "eat it" is tough, but at the pace of a large institutional/stock it can be slow enough to bankrupt.

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  Anti-Troll ComedianPřed 3 měsíci

  Carmax is going bankrupt so the cars will be cheaper soon. The Carmax cars have to go somewhere and Carmax stockholders took the hit.

C ChironePřed dnem

awesome video. thanks for being a dealer that's pushing to bring fair prices (with a little juice for you) to buyers. I'd drive up to NH to buy a car from you just because of a transparent video like this

Geoff ChownPřed 2 měsíci

Loved that Craig. I’m not a dealer, but I bought, drove and sold 19 BMWs over twenty years to avoid depreciation and you definitely make the profit when you buy not sell. Thoroughly engaging 👍

Toy Gun ReloaderPřed 3 měsíci

The depreciation on that Suburban is insane! (13:14) from $70,000 in 2018 to $23,000. Even with 130k miles on the clock, that's an absolute bargain. You got a great deal and timed the market really well.

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  Jim KennedyPřed měsícem

  Keep in mind that was suggested retail 70k, and 23 was his price at auction, note the $32k tag on the mirror. Suburbans have tremendous depreciation, deserved or not, for some reason Tahoes, not so much.

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  david brayshawPřed 2 měsíci

  The question now, is, what will the depreciation be like for its new owner. Cars: If you don't need one, just cut holes in your trouser pockets, it's pretty much the same.

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  Rapido20Před 3 měsíci

  That’s cause Nobody wants a crappy used Chevy gas guzzler

Michael MankowskiPřed 2 měsíci

I enjoyed learning about the car market. I have gone to auto auctions before as a driver. This gave me some great insight . Thank you. Keep up the great work. More talk means better teaching.

brad hPřed 2 měsíci

Fantastic video. I have a much better understanding of how the market works now. Seems like being a dealer would be really tough right now, even for you. Because there's a chance that you won't sell the car before the value goes down even more. Could an all-out crash be on the way?

Mark FPřed 3 měsíci

Thanks for the updates, good to see how quickly the market is changing. I like the 2018 suburban I see it listed on your site for $29,995 seems like a reasonable price for a 4-year-old vehicle compared to what a new 2023 suburban would cost. As far as the BMW, I guess it depends on a personable level, if it's less than 20% of your gross household income, sure why not buy it and have some fun. If it's a good chunk of money that would affect your household income especially as the overall economy is going through recession might be better to hold off and focus on cars that the economy will be looking for in tight times. Economical fuel-efficient vehicles.

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  chris heathPřed 3 měsíci

  Great cars and favoured by drug-dealers...just sayin...

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  David AndersonPřed 3 měsíci

  BMW's lose their value by 50% in 4 years. Very few technicians drive one.

Used Coach SalesPřed 2 měsíci

Thanks for your insight into trade auctions in the USA Craig. I buy double decker buses at auction here in the UK and I always say if the trade thought it was worth more then mine wouldn't be the highest bid. The whole purpose of the auction process is to see what the forced sale price of an item is. Tesla's are just another commodity and their value will be decided by the next person to want one, not the person who has it already. That is a beautiful BMW though, have you bought it yet?

Bruce AndersonPřed 2 měsíci

I am a retired used car dealer and everything you have said is 100% true and accurate. And... you are not in any way verbose. I just kept on saying... "Yes, he's on the right track!!!" Well done. I'll look forward to seeing your next installment.....

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  John EdwardsPřed měsícem

  There is a big difference between talking a lot and saying nothing, and talking a lot while saying something useful -- Thanks.

David LampePřed 3 měsíci

Great video good communication about the market and the future of the car market. We all have to throttle our wants and try to determine needs. Nice job kept it moving and didn’t get stuck on anything. I wish I could channel your thought process when I buy a car I’m always getting the shaft.

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  Lance SabinPřed 3 měsíci

  The biggest trick at car dealerships is turning a want into need

Bob StovallPřed 2 měsíci

I work with car dealers every day and I really like the way you present on this video. Looking forward to more of your content.

CameronPřed 3 měsíci

This is the same issue with the C8 Corvettes now. All those dealers that overpaid for the ones that owner's flipped are having to drop prices pretty dramatically.

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  Clayton BouldinPřed měsícem

  To quote Nelson Muntz, "Ha ha!!!"

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  AsphaltPřed 2 měsíci

  Karma

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  Frank KeelPřed 2 měsíci

  The base model demand dropped months ago.

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  JCPřed 3 měsíci

  The non Z06 C8 market has gone down and there’s a ton of inventory out there to confirm that. Once the C8 Z06 buzz wears off then the entire C8 market will continue to slide.

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  SkippyPBPřed 3 měsíci

  @Reggie Carreiro these C8s are not losing its value as fast as people want them. There are still many dealers across the states are still adding a $10k plus markup up. Unfortunately, there are plenty of folks that will gladly pay that. This is usually the case for C8s that are in dealer inventory. Still a 15 month wait if you want to order a new one. So the demand is still there. They are still trying to fill orders for 2021 deposits.

Nicholas TaylorPřed 2 měsíci

Really liked the video and I think the greedy dealers should burn as they did not care about the customer 12 months ago and honest people like yourself should keep going and help the world keep ticking along

qtrmirobPřed 2 měsíci

Just ran across your channel. I love the detail you go into! Anymore very rare to find a dealership that is honest. I ran across a Ford dealership that is Amish owned. Greatest people to deal with. I'll make the drive! Great video!

James RyanPřed 2 měsíci

Great content. Thanks for the honesty and information. You don't talk too much, you rationalize and think out loud which is added valuable content.😄

Marc McReynoldsPřed 3 měsíci

My first new car was at ~13.5% for 48 months, which was a long time considering that the standard had been 36 months for new cars (and 24 months for used?) until not long before that (1970s and prior). But we paid it off in 18 months, so not too bad. As others have noted, lower/longer payments at least give you some flexibility as to how you handle things, should your cash flow improve. People who buy 30-year (or especially 99-year) bonds probably aren't going to hang on to those until maturity either.

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  jebes909090Před 11 dny

  Jesus man 😅😅😅

hitman6191Před 3 měsíci

I love how you keep it real, thank you for all you do.

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  S APřed 3 měsíci

  For keep it real, this dealer has a shit load of terrible reviews

Aaron BrittPřed 3 měsíci

Tesla used prices are dropping in the retail market, mostly because Tesla has dropped prices for December delivery by $7500 to keep people from cancelling their orders. Tesla had been seeing a lot of cancellations because the Fed is bringing back rebates on Tesla's starting 1/1/23. When new prices drop $7500, it affects the used market. Problem is used car managers at franchise dealers are afraid of getting their asses chewed off by general managers for losing money at auctions. They're gonna start getting hammered by their floorplan companies pretty soon and are gonna have no choice but to drop prices soon.

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  Frosty GPřed měsícem

  @TigerInTheWoods Fact=checker; TESLA EV market crash. NOT really. It's about having the best marketing strategy ahead of any market condition changes. Tesla by design have positioned their infrastructure line production where they can produce EV at a lower cost, therefore they can make price adjustments high or low and still profit and that's something the competition can't compete without facing additional profit loss.

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  John StuddPřed měsícem

  @Kman 007 You have been figuring out the the things the greenie extremists living in their fantasy world don't want you to know. The EV'S are nice toys for the rich. But long term ownership costs compared to massed produced gas cars, for the vast majority of the population make them a losing proposition. I would not, and could not even consider an EV. I have other things I need to spend my money, like eating and paying my bills. I bought my current compact gasser 15 years ago new for about $15k. Have not had a car payment for about 12 years. I do just about all the maintenance(anything except an exhaust system). Other than normal wear items, I have not had to spend any money to speak of on any unusual, unexpected repairs. Insurance is about $300 every six months. It still looks good, runs great, drives well. Yeah! I'm going to run right out and enslave my self to a huge amount of debt to be cool and buy a Tesla, make Greta happy and do my part to save the planet! HAHAHA.

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  Jeffrey BlantonPřed 2 měsíci

  @djyoutubo That’s good to know. I learn an English language lesson in the CS-tv comments daily! I’m sure I have an error in this comment that needs correction. 😂

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  Kman 007Před 2 měsíci

  They are dropping cause the 4 year lease people realize they suck balls to maintain. My model s cost me a model 3 to keep on the road. Who wants that crap when you can buy a lot of gas and oil changes for your $400 door handles and $2500 brake job. Not to mention my $18000 fender bender. Ridiculous cars to own. Oh and the extra $100 a month insurance. Reality is hitting tesla owners.

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  Geoff WoodgatePřed 2 měsíci

  @Deipatrous exactly. There is nothing special about batteries and electric motors.

Mel MontañoPřed 3 měsíci

I recently just opened my used car lot and all the content you put out is very helpful

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  almarkowbenderPřed 3 měsíci

  @M G lmao right

Steve CookPřed 2 měsíci

Really good information, had family on the dealer side. My uncle managed a Buick/Chevrolet for a thirty years. My parents never paid retail for a car. When I started buying car I made a lot mistakes, my uncle always said buy what you need not what want.

Kelly ChapmanPřed 3 měsíci

You also have to consider that the market for a used super high end BMW is quite small. Families with that budget could get into something pretty nice AND brand new for that price. And ....BMWs aren't exactly known for low ongoing maintenance costs.

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  chris heathPřed 3 měsíci

  I used to think BMWs were quality cars, till I realised people were talking about replacing engines, transmissions etc....I'm a VW Beetle man, had a few - engine out ? 4 bolts. Those guys knew their stuff. But 6 volts - sheesh - come on man ! (Air cooled simplifies a lot...)

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  Lance SabinPřed 3 měsíci

  It’s a Great Toy if Your a Car Guy! I prefer AMG’s Myself, never lost big on one yet! I always keep the miles low, once they hit 30K+ time to get out and get a different one! But that is a great looking BMW! 67K miles, pretty close to that 70K mark, unless it’s really taken care of with All the service’s done and paperwork & dealership records to back it up? Don’t remember if it was a #1 owner car, I think that’s a big deal too! 2-3 owner cars I stay away from. Just my two cents worth. Great Video Man & Thanks

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  Darcy WarnerPřed 3 měsíci

  It's not a family car. It's a car you could take them in, but its not a family car.

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  Mikael JonssonPřed 3 měsíci

  Moneypits... 🤑

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  The AdvoCATePřed 3 měsíci

  All along the video i was saying "don't, don't"

K QPřed 3 měsíci

I bot a 2021 Tesla Y in June 2021. I drove it all over the US for a year, and put 22K miles on it. I sold it in May 2022 for the same price I paid for it a year earlier at 0 miles. Got out at the peak of the market, and bought a used 2012 Subaru Outback with the cash equity I had built up in the Tesla. Good times.

MB GROCOTTPřed 12 dny

Every week, you might lower your bid, if only by a little bit. That adds another factor for the seller to consider, especially if you are the only bidder on the vehicle from week to week.

Scott HoranPřed 3 měsíci

Very informative video. Personally I appreciate you repeating the same concepts, strategies, and ideology more than once.

BertyboyPřed 3 měsíci

This is one of your best videos so far! I used to be at a Chevrolet store in Cleveland Ohio and I was F&I I did new car used car and GSM. With our used cars we were on a 60-day turn unless it was something real special. And I had a wholesale account I don't know if dealers do this anymore when I would wholesale a car if I would make money on it the profit would go into a separate account on our statement and if I had cars that were getting old I could take the money out of that account and write them down whether I retailed the car or wholesaled it. They probably don't exist anymore but I used to buy a lot of cars at the curb from wholesalers. They were a lot cheaper than the auction and when I would do my reconditioning a lot of times if I had to wholesale it I could get out of it okay at the auction even with all Recon costs. This past January I bought a 2018 Porsche Panamera sport Turismo 4S certified with 52,000. It was the least expensive 4S in the marketplace for $63,000 everything else was in the '80s and '90s. I now have 72,000 miles on the car. The best I can do for this car wholesale is $50,000. The good news is I had a 2018 E300 with 120,000 miles on it and if the market weren't so crazy it would have been worth somewhere in the mid teens. I wholesaled it for 27. I miss the business and I'm thinking of getting back in it especially when I see videos like this thank you very authentic 100% truthful

Jacob HughesPřed 2 měsíci

Thanks for sharing your knowledge of how cars are sold and bought in the states ....totally different way it works here in NZ. We are over paying $$$ for every thing .

John HarrisPřed 2 měsíci

Keep bringing them prices down !!!!!!! Doing a great job kind sir !!!!!! And thanks for sharing the insider information thank’s

Blue BoyPřed měsícem

Very informative video and you do not have a lot of "drama" as most CS-tvrs have

Frank PortigianoPřed 3 měsíci

Loved the video glad you didn't buy any of those cars the values are dropping rapidly why pay more when you could pay less. You didn't let your impulse buys lead you down a dark road. Good Job

Matt PerezPřed 3 měsíci

Love this type of video to see changes in real time and your thoughts on the market. Thanks!

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  777 LogisticsPřed 3 měsíci

  @almarkowbender ok alma

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  almarkowbenderPřed 3 měsíci

  @777 Logistics He could ask, and my answer would be not spending it on useless CS-tv comments. It's pretty clear to anyone with a brain it's a waste of money.

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  almarkowbenderPřed 3 měsíci

  @Zamin Ali Yes I am not wasteful.

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  Zamin AliPřed 3 měsíci

  @almarkowbender So your saying you are cheap! Got it.

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  777 LogisticsPřed 3 měsíci

  @almarkowbender does he ask you why you spend YOUR money the way YOU do? People worried about other people's money 😅

paul masonPřed 3 měsíci

This was definitely interesting though you did over explain it somewhat 😊 I used to think Teslas were amazing but my neighbour has a Kia EV6 GT which is pretty awesome (slightly ugly rear) but super quick, great range and doesn’t feel cheap inside.

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  Zamin AliPřed 3 měsíci

  This is a Scam alert 🚨 Scam alert 🚨

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  🆆𝒉𝒂sap±①③②⑤⑤①⑧⓪⑦②④Před 3 měsíci

  💬💬🔝🔝🔝Thanks for watching Let's talk now I have something to share with you

Rich DunhamPřed 3 měsíci

I know nothing about the used car market, nor do I have any interest in becoming a dealer … yet I LOVE your videos and the informative content you provide. Keep up the great work and NO, you don’t talk too much 😂.

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  Zamin AliPřed 3 měsíci

  This is a Scam alert 🚨 Scam alert 🚨

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  🆆𝒉𝒂sap±①③②⑤⑤①⑧⓪⑦②④Před 3 měsíci

  💬💬🔝🔝🔝Thanks for watching Let's talk now I have something to share with you

Junito Punto CommPřed 2 měsíci

Sir, thank you foe spreading your knowledge 👍🏼 I knew a lot about this but I learned a lot too…not everyone is that transparent !!

Leland MaurelloPřed 2 měsíci

VERY informative!! Thank you. Market forces truly at work from the source!

john fenderPřed 2 měsíci

Your channel is great. Very informative and entertaining.

Mr ThomasPřed 3 měsíci

Keep doing what you do. Great job.

Nate VanderloonPřed 3 měsíci

Great video I enjoyed it. Us consumers really need a break prices on everything have been too high for too long

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  TheBenjammin5150Před 2 měsíci

  But they were so happy to get their stimulus checks.

vertialPřed 3 měsíci

I buy and sell cars as a side hobby in 🇦🇺, the market here has slowed down but people still asking ridiculous prices and the cars don't sell. Which is good for me as I go in after 1 week and they open to negotiations since I'm probably the first to come see it. The best thing I've learned in buying and selling cars is set your % profit and keep rolling through cars rather then holding on.

Ernest KumehPřed 3 měsíci

Very helpful video. Thanks a lot. Are dealers licenses different prices in different states?

Miss GoElectricPřed 2 měsíci

2:15 LOL. TRUTH! The improvement on Model 3 and Model Y from 2019 to 2021 is SIGNIFICANT. Tesla doesn't wait for a cycle to end for a refresh. They constantly improve the vehicles with hardware and materials. We look forward to seeing what you get and what you think of the Supercharger network compared to your CCS experience on the Charge Across America.

Zachary ZygmuntowiczPřed 3 měsíci

My dad had a 2010 suburban and sold it in 2015 with 330,000 miles. He traded it in because the transmission started shifting weird and he didn't want to deal with it. Other than basic maintenance, it didn't need anything major repaired. Maybe some suburbans require more maintenance and my dad got lucky.

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  Efficient RVer (formerly Hybrid Life)Před 2 měsíci

  Anytime a modern GM passenger vehicle gets 330K miles before drivetrain problems, you got lucky. They're farther down the slippery slope of reduced quality now than in 2010. And they're farther from admitting and acting upon it than Ford is, not that I'd buy either one now. I ordered a 1989 Suburban new. Quality was a lot higher back then, and it still had a leaking head gasket by 46K miles, thankfully under warranty. The quality level of stuff right down to the fan blades in the heater blower, power window motors, and 1000 other little things has always been iffy compared to my family's primary brand, Toyota. But thanks to a family member's GM employee discount, I had 3 new GM vehicles that I had few or no problems with. 1992 Saturn SL2 4 cylinder 5-speed manual. 1998 S-10 pickup, 4 cylinder 5-speed manual. 2003 Olds Silhouette minivan (which many people had problems with, but not me).

YourDailyBlockchainPřed 3 měsíci

Great vid - as a dealer are you able to finance your auction purchases or do you need to pay cash. Still super happy I sold my used 4Runner at the top of the market to buy a brand new 2022 4Runner in late 2021. My friend bought his brand new Tesla around the same time and price of my new 4Runner. Wonder which vehicle has dropped in price more…. Doesn’t matter - we’re not selling.

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  аlex_712Před 2 měsíci

  Dealers have easy access to auctions floorplans. The interest on those lines of credit is 12% to 18% .

Empire FoundationPřed 3 měsíci

There are a couple of 2018 Tesla 3 EVs posted on Backlot that don't even have a $27k bid. This same EV last year was always listed for over $50k. An EV that was originally $35k and $25k after rebates and incentives in 2018.

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  M BPřed 3 měsíci

  Looks like the Model Y is the suv most want. If they are getting a Tesla.

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  Empire FoundationPřed 3 měsíci

  @777 Logistics dealers only

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  777 LogisticsPřed 3 měsíci

  Is that for the public ir dealers only?

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  Empire FoundationPřed 3 měsíci

  @Andrew Shevchuk it has its perks and it has its issues... So I'm so so on them.

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  Andrew ShevchukPřed 3 měsíci

  How do you like Backlot?

Justin StrunkPřed 3 měsíci

Wait to see what the market does for Tesla after the 1st of the year. I think there is still a lot of room for a price correction. If you have time take a look at the used inventory on the Tesla website. There is a LOT of used inventory Tesla is sitting on and I have watched them drop the prices on their own used inventory to get it moving.

NLD 09Před 3 měsíci

Great video. Since I am in the market for a used car right now, this gives me an idea where used car value is going.

Kevin DupreyPřed 3 měsíci

The issue with auctions in my area is a flooded market of buyers who don't own a car business being riders on a another wholesale account. The owner of licence rents out his privileges to multiple people at 800 per month. These people usually bring in family and friends weekly who bid up selling prices making it impossible for dealers to make decent profit. This usually turns bad because titles are not readily available to actual potential owner who expects a road ready vehicle at jump street. I use to buy cars for car dealer who was legit but he sold business. I miss the action and rush of auctions still to this day.

Donald CooperPřed 3 měsíci

Very enjoyable. I love extra talk. The tangents are food for thought. Thank you for this video

JCPřed 3 měsíci

The 2020 M5 in that spec is an awesome car but you’d have to get it at around $62K since it currently retails at $70K.

e73kPřed 3 měsíci

two years ago the Model Y was about ~20k lower on average this year. We have a ways to fall.

John SpelmanPřed 3 měsíci

Your auction and sales videos are the most helpful on CS-tv

SilurianPřed 2 měsíci

Very interesting. Same thing seems to be going on with used vehicles here in the UK also.

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  moltitraderPřed 2 měsíci

  Enlighten us please

Ron SaunchegrowPřed 3 měsíci

Buying the BMW from a business aspect wouldn’t be smart. But a video of you and your wife in a drag race between the BMW and Tesla would be a fun video to watch! We all don’t always have the ability to make a wise business decision when it comes to our vehicles. There are plenty of Stellantis owners… lol! Thanks for the great content.

Shy_Knee_Side_UpPřed 3 měsíci

Craig, the floor plan payment idea only applies to dealers the run on credit. Many larger dealers buy cars cash and not credit so there are other variables you’re not accounting for.

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  Ed CPřed 3 měsíci

  It’s still money tied up that’s not producing an income

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  BertyboyPřed 3 měsíci

  I was in the business a long time and know a lot about it nobody pays cash for their used cars that's very old school and that's if you owned one or maybe two stores. Any more it's all Floorplan. And also even if they were paid for in cash the dealer is going to loan itself money so they're going to charge interest internally on it to the Department so it's really no different

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  777 LogisticsPřed 3 měsíci

  No big dealer buying cash. There's so many advantages of credit if used wisely.

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  TickleMittsPřed 3 měsíci

  I can agree with skigod9, worked in the office at a large dealer and they exclusively use floor plans

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  skigod9Před 3 měsíci

  Actually a lot of large franchise dealers us floor plans.... I personally know a franchise dealer with 20 plus locations with a billion dollar floor plan

ThehustlindadPřed 3 měsíci

I’m glad I watched this. I almost bought some delayed title vehicles last week. I didn’t think of the fluctuation in the market after 30+ days.

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  777 LogisticsPřed 3 měsíci

  Wait til February or so

Dan FPřed 3 měsíci

The first loss is ALWAYS your best loss. Waiting 3 for 4 weeks only adds to their agony.

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  Zamin AliPřed 3 měsíci

  This is a Scam alert 🚨 Scam alert 🚨

• 

  🆆𝒉𝒂sap±①③②⑤⑤①⑧⓪⑦②④Před 3 měsíci

  💬💬🔝🔝🔝Thanks for watching Let's talk now I have something to share with you

Brad ZyczynskiPřed 3 měsíci

Very good video I personally love the commentary and explanations of everything!

Alex WadePřed 2 měsíci

A couple things: I really appreciated the depth of explanation. I usually don't watch vids that are half an hour cuz you only have so many hours. This was worth watching, because it helped me understand why the fact that I KNOW that the market is plummeting but I don't SEE the market plummeting when I look for a car... that's thing one. Thing two - you gotta take off that hat more my man, you got the best hair ever and you cover it up for the whole vid!

Gordy HamiltonPřed 3 měsíci

On the outside, it seems so easy. Buy wholesale, sell retail. I'm certain that your videos and explanation about the motor trade have saved enthusiastic amateurs from getting absolutely scalded in your business. Thank you for pulling back the curtain.

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  pete smittPřed 2 měsíci

  @Gordy Hamilton the channel should block the username so they can't make scam comments.

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  Gordy HamiltonPřed 3 měsíci

  @Zamin Ali thank you for the alert. I've already reported it. CS-tv is riddled with this nonsense. All we can do, is keep alerting and reporting.

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  Zamin AliPřed 3 měsíci

  This is a Scam alert 🚨 Scam alert 🚨

• 

  🆆𝒉𝒂sap±①③②⑤⑤①⑧⓪⑦②④Před 3 měsíci

  💬💬💬🔝🔝🔝Thanks for watching Let's talk now I have something to share with you

Harrison ChevyPřed 3 měsíci

Thanks, you are full of information and insight. Just keep talking and educating. As a car 🚙 guy and lot selling I really appreciate the educating, thanks so much.

P RichterPřed 3 měsíci

I would like to buy a used EV. With Tesla adding Dec Jan Incentives and the 2023 $7500 tax incentive I would think in a year that used Tesla's will drop dramatically in price. New ones in 2023 will basically be cheaper than used ones forcing used pricing to drop. Lots of folks will be taking it in the shorts.

Billy DuffanyPřed 3 měsíci

Doesn't a dealer have to pay a fee each time they run a car through an auction weather it sells or not?

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  Anti-Troll ComedianPřed 3 měsíci

  @J Marsh Spellcheck don't like "whether" that's why I just go ahead and spell it wrong. Most people are stupid anyway when it comes to spelling.

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  J MarshPřed 3 měsíci

  whether

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  mac daddyPřed 3 měsíci

  "Weather"?

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  Abraham_- -Před 3 měsíci

  yeah just a no sell fee which is like 20 bucks. But every auction is different so I don't know much it is there . But yes there is a fee

JamalPřed 2 měsíci

Very helpful. How can I get into auctions as a non-dealer?

aubrey WrightPřed 2 měsíci

Love the info! Re-confirms what I've been thinking! Keep up the great vids! 🏁

flatworm00Před 3 měsíci

Great video! I wouldhave a very hard time justifiying paying over market price for any car...I took me 5 years to by my Corvette, cause prices were just not right. I do not have anywhere near the knowledge that you do, so I am sure you will make a good decision.

Happy AtticusPřed 2 měsíci

Great knowledge, articulate and sensible delivery. Top draw!

Dennis MolinaPřed 3 měsíci

Great video, please keep them informative!

twofstu1Před 3 měsíci

You don't talk alot, you share alot of good information. Thank you.

Chris WallacePřed 3 měsíci

Very interesting. Great detail. Yes, you do free associate a bit, and delve a little too much into your emotion, but it’s not bad and it’s not pointless, it’s simply not organized. Again, interesting and educational. Thanks

Roy PerryPřed 3 měsíci

Ive been watching the low end of the market under 5k this gives me hope. In SoCal retail used car prices are still high but in the next 3 months the dealers will have to move the metal.

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  Zamin AliPřed 3 měsíci

  This is a Scam alert 🚨 Scam alert 🚨

• 

  🆆𝒉𝒂sap±①③②⑤⑤①⑧⓪⑦②④Před 3 měsíci

  💬💬🔝🔝🔝Thanks for watching Let's talk now I have something to share with you

pachiefbrodyPřed 3 měsíci

The best channel for this content. Thanks Craig!

Luke22022Před 3 měsíci

Very informative. Don't overpay! This week it's $65.

Craig TPřed 3 měsíci

This is such a good video I learned so much from you in just this video So I’m sharing it with family and friends And I will like and subscribe This video is 10 stars out of five stars ⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️ My best wishes always from Las Vegas Craig Bravo 👏🏻

DrRickPřed 3 měsíci

My thoughts on the BMW are you end up in a game of hot potato. Right now buyers for a $70K used car are few and far between, so you have to hold it a while to off it. Even if you’re lucky and the price doesn’t drop any further, the longer you own it the more likely it is to break. With the cost to fix those things you’d be counting your blessings to break even on it. I know your heart wants it, but your brain should say ouch! I don’t want to be holding a hot potato!

Voidcall3rPřed měsícem

Hi, first of all very enjoyable and informative video. Being a European in the EV market myself I was wondering if you as a profesionnal in the car buisness are noticing an increased interest in European car brands across the US? Do U think it will get more popular in the future and why? I would love to hear ur toughts on this. thanks

Mike SkidmorePřed 3 měsíci

It's amazing how much you can learn about a car if you read the owners manual .. Back in the '60's '70's '80's cars were so simple you didn't really have to read the owners manual.

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  The Crazy SwedePřed 2 měsíci

  Some manuals are rather like fat doorstopper bricks. I once rented a car and had to read the manual to be able to drive it. If I had bought the car, I would have taken a day to go through it and write my own slimmed manual. The manual was NOT practical to read... We have gone from the button-pressing society to the spending-a-day-reading-the-manual-just-to-be-able-to-start-the-car society.

Ken OsbornePřed 3 měsíci

I really like BMW M5's. I'd say wait to buy the car for your original bid. On another note I like the 2000's year of M5, one year in particular comes only in a Manuel transmission and its my favorite body style. I prefer a Manuel transmission. Also thank you for breaking it down and explaining how the dealerships markets work, it helps me understand things better.

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  Melanie16040Před 2 měsíci

  @Jeff Chastain E60 also came with an available manual transmission.

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  Jeff ChastainPřed 2 měsíci

  Nothing like an E39

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  Dave TPřed 3 měsíci

  Manuel transmission🤣

LuisPřed 3 měsíci

I don’t know about the situation of many out there but in my situation I literally just got my Tesla model 3 standard basic one. Used the $7500 tax credit and the free 10k supercharger miles and honestly the only reason I pulled the trigger was because my Rogue which is paid off was crapping out on me, so I sold it and now the $650 with tax monthly payments I’m using $200 what I made from the Rogues profit of selling it and I only pay $450 on top of the gas I’m saving monthly which is about $100 I say I’m paying a bit less than what say Toyota, Kia or even Nissan quoted me for a new camry, Altima or other. Again in my situation it just made sense, otherwise I would’ve just continued to hold off.

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  Prolific Queen NyPřed 3 měsíci

  I’m currently in an extended lease. I was going to get my paid off car fixed but it kept giving me issues and safety is my first priority. I’m going to test drive some EV cars next week.

Craig TalbotPřed 2 měsíci

Love the added info! Upbeat and insightful.

greg aPřed 3 měsíci

Can u imagine what happens if carvana goes under and those cars are released to the market. Great video. Why do titles take so long to get at times ?

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  Ray JohnsonPřed 3 měsíci

  In Minnesota, we have an expedite service for an additional $20--Title in 7 days !!

CalBob750Před 3 měsíci

I’ve watched Mecum and Barrett Jackson on TV. What is the commission on a sale at one of these auctions for dealers. Also, I imagine the talk about loss for the dealer is something the accountants calculate to lessen the actual dollar loss for the dealership.

Mice InOzPřed 3 měsíci

No, good info, just plenty of detail. As a dealer, it is a wonder you risk any money at all with a downward market. No matter what you pay for something, it may still go further down in value before you get to list it, and then you are owning it for too much.

Bill MPřed měsícem

I had a 78 formula with the same 350 for many years. Mine had a 4speed Saginaw and a 4 barrel. I went through lots of clutches and transmissions.

TwanngocrazyPřed 2 měsíci

DUDE I LOVE UR VIDEOS NOW!!! I respect the energy and honesty! I'm looking to get a model 3 or maybe even a Y since these price cuts r so nice. I was going to put $20,000 down. Should I not? I don't want to lost equity like you mentioned. How much should I pout down?

Go Leafs GoPřed 3 měsíci

Craig does a seller pay a fee each time the vehicle runs thru the lane regardless of whether it sells or not? I mean as an auction it must be kind of frustrating to run the Teslsa every week and have the seller unwilling to sell the car for what appears to be current market value? Just curious ..... not feeling sorry for the auction by any means as there fees on a sold car are pretty "healthy".

FormosanPřed 3 měsíci

Rant on Craig! We're here for the real talk on current car auction pricing and you deliver it.

Lost in Australia - DavePřed 2 měsíci

I have noticed a lot of Tesla's at my local car yard, they don't seem to be moving so thanks for the tips on how the market works.

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  Clayton BouldinPřed měsícem

  Same here. A couple have popped up and have been there for a bit. I stopped to look at a Model 3 just to see what they are asking. 2018 Model 3 $45k marked down to $42,500 and it was pretty beat up too. It needs new tires, the interior was okay and it had a couple of dings.

Michael WillsPřed 3 měsíci

You are doing God's work. I want a second Tesla and need the prices to come down. Step 1 is you get these used Tesla prices down to a sane price.

TheBenjammin5150Před 2 měsíci

Great video. You really know your stuff.