CARMAX CAN’T SELL CARS or TRUCKS! They Are in BIG TROUBLE!
Car Questions Answered
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In this video I go to a Carmax. I want to see what kind of used car prices they have and if they have started to lower their used car prices. I am a used car dealer that follows the used car market and I wanted to see what the largest used car dealer in the country with its used car prices.
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If you are buying a car from Carmax you might as well buy a new car Carmax prices are outrageous and always have been
I was in the process of buying a used 2016 Porsche Macan even paid for a pre purchase inspection $275 and I was waiting to find out if the headlight could be repaired. The dealer didn't want to do any paperwork till they knew for sure the headlight could be repaired. I followed up with them periodically to see if the headlight issue was repairable and not a $2100.00 module repair but received no response. I finally got the salesman on the phone and found out they sold the car. I felt ripped off by the dealership because basically I paid for the pre inspection for someone else. I was so pissed off but now I feel I dodged a bullet.
Carmax's cars are overpriced
At those fraudulent prices nobody can afford sh*t …. What did they expect?
After all of them screwing people am good with all of them going under and am happy about it.
CarMax can sell cars. They need to lower prices and won’t.
I aint buying until I see a 50% price drop.
For anyone who says stealership: I coined that term!
EXACTLY LOWER THE DARN PRICES…..THE GREED IS KILLING THEM
I have a 2007 Lexus RX350 in excellent mechanical condition and a few scrapes on the body. I plan to sell it and get a used Lexus, perhaps 1-3 years old. In your opinion, and I know it's a hard question, when do you see used car prices bottoming out? This summer? Next Christmas? Summer of '24? Thanks!!!
CARMAX CAN'T SELL CARS or TRUCKS! They will sell when the price goes down ! Wait until carvana dumbs cars into the market !
I have a 2006 Chevrolet Duramax diesel… 99,000 . 1 owner since 12,000
Watch , the hidden secrets of money on YouTube
After your video went to there website.
There are no bargains there!
That want a lot of money for cars with heavy mileage. There low mileage cars,of which there were few,were rediculas and not that far off from a new ones.
People are tired of being screwed .
It's all caused by crazy people being all too willing to pay way over MSRP. If sheeple wouldn't have paid those stupid prices none of this would have happened. Now normal people are paying the price when those paying to people pating too much should take all the losses. Just don't buy anything til the thieves get hungry enough to price correctly amd the morons run out of money/credit.
I think Carmax WILL fail and it is by "top level" design.
They selling a lot of cars with alot of miles for over 20k, you cam a brand new car with no miles for the same price
just bought a truck/son, yes too much over avg price, but that feature to repair them free is great like a $1,000 repair.+ another…i use to sell you dealers auction prices M + another…love your stuff
You're a decent man, CQA, to share consultation with the common man.
The real estate mogul, Zillow has stopped its home buying spree. As far as I'm concerned, brother, the tyranny of this woke culture of insatiable greed is in the real estate and automotive markets.
Remember the 87,000 new IRS agents? The government's in on this too. They're like a bunch of pickpockets gouging high prices from those who actually work for a living.
If these greedy fools backtracked on their sleazy business tactics to return to honest & modest prices they would make more money in the long run. I've seen it time and time again.
Anyone remember The Andy Griffith Show episode of the traveling salesman? There was a good moral in that one that today's morally illiterate will never learn. A smiling face is no indicator of virtue. GOD keeps a record of it all, brother, "for we shall all stand before the judgment seat of Christ."
So "be diligent that ye may be found of him in peace, without spot, and blameless" and not stand with the unrepentant, which are a dime a dozen, even in the church!
I know I'm preaching to the choir.
Carmax haters in action !
One month to return the car if you’re no satisfied, three months free repairs
Vehicles have to meet certain requirements and quality , extended warranty available.
I have bought five car from them and never had a problems with “Carmax’s cars” the rest is 💩
They’re done buying cars because they overpaid for just about everything they have when it was booming and now they’re left holding the bag.
I just bought a 2023 Hyundai Elantra, $2200 more than a used 2018 w/67K miles. Didnt make sense to buy used.
They just bought mine 3500 ram and paid it off plus gave me more on top.Carmax good
Carmax is overpriced, their model is not working no more in this environment.
In short- Hold. the deflation is coming.
So how is Carmax no haggle pricing working out for them
tHeY cAn’T sElL cArS
Don’t be like the largest used car dealer in the country, be like a YouTuber
It appears that over the past couple of weeks that your tone has become more urgent regarding pricing in the used car market. From "maybe in 4 to 6 months" to "seems like it's happening right now."
I need a new truck – but with your advice – gonna wait.
Thanks!
They have jacked up the car prices why pay 28k for a3 year old car with 100k miles when the same new car cost 33k may as well buy the new one it would last longer
Glad to know Carmax is going through he'll. Hopefully it would stay that way!
The main reason why CarMax is more expensive than others is because you're getting me absolute best of the best vehicles, most of them are from like fleet usage or former rentals so they're in top condition and they go through many many checks to make it to their lot, that being said a lot of trade ins that they get they sell off at auction because they don't meet the CarMax standards.
Thank you for this info brother. Good stuff
CARMAX had a great Maxcare but they changed it back around 2010 it went from the best used car warranty to the worst.
In my recent experience, I did notice they consistently dropped the price on a vehicle I was tracking (approx $1K every 2-3 weeks). However, they stubbornly refused to negotiate ANYTHING with me. I tried getting a deal on their warranties – No go. I tried getting a deal on their APR – No go. Meanwhile, their lot was over-flowing with used cars. Carmax is bringing the pain on themselves. By the time they wake up, it'll be too late. Enjoy the collapse Carmax ! KMA.
I’m in Montreal
I’m dealer 12 years
I think. Price of car going up little bid not going down EV price going down. 20% Toyota price 40% up
2010-2020
CARMAX might go the way of Circuit City where they was formed out of.
When the market is soft you can not even sell "Giveaways"
Selling less with more profits = Selling more with less profits
The higher interest is not the only reason for the sluggish sales. The government tightening on free money and the inflation are the other two.
KBB is a joke! No one on craigslist selling based on KBB except some undisclosed junks!
We really appreciate your honesty on your videos. I believe in the long run this will build customer loyalty and help you grow in business. A lot of dealership need to learn from you on being transparent. Keep up the great work.
CarMax prices………………..are too FCKIN HIGH………….They think they are doing folks a favor with the "NO Haggle Pricing"……NOPE