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re: Is Carvana about to go belly up?
Posted on 11/5/22 at 8:15 am to UltimaParadox
Posted on 11/5/22 at 8:15 am to UltimaParadox
Why are used car prices falling rapidly? I didn’t realize this was happening
Posted on 11/5/22 at 8:38 am to tigersfan1989
quote:
Why are used car prices falling rapidly? I didn’t realize this was happening
Bunch of factors lead to lack of demand. Higher interest rates, higher new inventory due to chip shortage easing, consumers worried about recession... Etc
Just starting to head back to a more balanced market. Look at black book trends, used cars have been falling 1% week for a while now and it is only accelerating
Posted on 11/5/22 at 1:00 pm to tigersfan1989
quote:
Why are used car prices falling rapidly? I didn’t realize this was happening
Interest rates
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