Massive Collapse in Used Car Prices and Bankrupt Dealers Is Coming Right Up

Link: https://mishtalk.com/economics/massive-collapse-in-used-car-prices-and-bankrupt-dealers-is-coming-right-up

Graphic:

Excerpt:

https://threadreaderapp.com/thread/1604114489133223937.html


CarDealershipGuy

Carvana may have just quietly started liquidating:

The company is now advertising its *retail* inventory to *wholesale* dealers.

Look at the $5,000 price difference. Wild times.

These are all retail-ready cars being advertised to other dealers – likely at a big loss.

(h/t RayMF for submission)

Alright everyone is asking how to take advantage – here you go:

Dealers: If you’re willing to buy one of these cars for consumers at a flat $600 mark-up, please comment below.

Consumers: If you want one of these cars and willing to pay a flat $600 mark-up, DM the dealer.

Author(s): Mike Shedlock, CarDealershipGuy

Publication Date: 17 Dec 2022

Publication Site: Mish Talk, Twitter