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re: Is Carvana about to go belly up?

Posted on 11/5/22 at 8:15 am to
Posted by tigersfan1989
Baton Rouge
Member since Oct 2018
1265 posts
Posted on 11/5/22 at 8:15 am to
Why are used car prices falling rapidly? I didn’t realize this was happening
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40885 posts
Posted on 11/5/22 at 8:38 am to
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 by Strannix
District 11
Member since Dec 2012
49025 posts
Posted on 11/5/22 at 1:00 pm to
quote:

Why are used car prices falling rapidly? I didn’t realize this was happening


Interest rates
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