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re: Do you think car dealerships will become obsolete?

Posted on 2/3/24 at 11:10 am to
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8795 posts
Posted on 2/3/24 at 11:10 am to
All of those online companies are filing for bankruptcy. See vroom and carvana
Posted by TDTOM
Member since Jan 2021
14835 posts
Posted on 2/3/24 at 11:11 am to
No
Posted by WonPercent
BATON ROUGE
Member since Aug 2023
483 posts
Posted on 2/3/24 at 12:40 pm to
“All of those online companies are filing for bankruptcy. See vroom and carvana”

This guy gets it.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
7548 posts
Posted on 2/4/24 at 3:57 pm to
quote:

All of those online companies are filing for bankruptcy. See vroom and carvana


Some of that was due to the used car market going bonkers due to inventory issues and cheap money allowing them to grow unchecked, now it is starting to flip and they have overpriced cars on their lot they cannot sell without eating a loss. Also financially it makes no sense for a consumer to buy a 2 year old used car at 18% interest when you can go to a dealer for a new vehicle that maybe a little more but you can finance in the single digits.
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