HOW BAD IS THE USED CAR MARKET RIGHT NOW?! (2024) FT. EAG Specialist Cars

Calvin's Car Diary

24 Jan 202423:39

Summary

TLDRThe video follows YouTuber Calvin meeting with Richard, owner of EA Specialist Cars, an M car dealership hidden behind a building in a small village. Calvin tours the shop and learns how Richard grew up on the site which has been in his family for generations, slowly transforming it from a construction site into a thriving dealership. Richard shares his passion for BMW M cars and how he focuses on buying and selling special limited edition models. The tour highlights an extremely rare white M4 GTS, Porsche Turbo X, and Richard's new M4 CSL with only 25 miles, discussing the unique details and performance of these exclusive cars.

Takeaways

😊 Richard started his M car dealership out of passion and experience with the cars
🚗 They have grown the business over 20 years starting with just 1 car
🏢 The dealership is located behind a convenience store on a family-owned site
👪 Richard's son has now joined the business as the 5th generation
🔧 They do all car prep and mods like wrapping in-house
💰 During COVID they pivoted to focus just on BMW M cars
⏬ M car prices have dropped recently but should rebound
😍 The M3 Touring and M4 CSL are extremely cool and rare cars
👷‍♂️ Richard daily drives a pickup truck despite having amazing cars on site
💡 They tried a satin wrap on a white M3 to differentiate it and protect the paint

Q & A

Why hasn't Calvin bought himself a new car yet?
-Calvin explains he is waiting for the right time and right deal. As a car dealer, he reinvests profits back into the business rather than buying himself expensive things.
What is the history of EAG Specialist Cars?
-EAG is a family-run business spanning four generations. It started on the same site over 100 years ago as a builders merchants and has evolved into a specialist BMW dealership under the current owner Richard.
Why did Richard decide to specialize in BMW M cars?
-Richard has a personal passion for BMW M cars, having owned several models himself over the years. He felt focusing on his favorite cars played to his strengths and allowed him to stand out.
How has the used car market been affected recently?
-Both Richard and Calvin explain the market, especially for high-end models, has dropped significantly in the last few months. This has made trading more difficult.
What makes the M4 GTS special?
-The M4 GTS for sale at EAG is one of only 6 made in white. It has a carbon fiber body kit, upgraded suspension and brakes, and only 25 delivery miles.
Why did the M4 CSL cause issues for Richard initially?
-When Richard advertised the new M4 CSL for sale, BMW contacted him regarding where he had sourced it from. There were tight restrictions on the initial allocation.
What modifications and services does EAG offer?
-EAG has an in-house team to fit performance parts like carbon fiber, wrap vehicles, and apply paint protection film. This gives them a unique selling point.
How has the site developed over the years?
-The site has been in Richard's family for over 100 years. It has evolved from a builders yard, to selling petrol, to having a small dealership unit out back, to the large specialist centre there now.
Why does Richard daily drive a pickup truck?
-Despite being surrounded by exotic BMWs, Richard chooses to daily drive a humble pickup truck as it's easy to chuck his things in the back and drive without worrying about damaging expensive paintwork or interiors.
What cars make up EAG's current stock?
-EAG focuses solely on stocking BMW M models. Their inventory includes used M2s, M3s, M4s as well as SUVs like the X3M and X5M.