carvana
In current market conditions franchised car dealerships that normally only purchase 4-5 CR [Condition Rating] cars are having to purchase 2-3 CR Cars. This presents problems most dealers don’t normally have to handle with heavy reconditioning. Exterior dings, dents & scratches + wheel scuffs & the list goes on. Interior odors, buttons missing or not…
Read MoreEveryone is enamored by the Carvana & Vroom’s (www.carvana.com) (www.vroom.com) in the automotive space now. How are they any different? This article points out some of things they are doing: https://www.fool.com/investing/2020/06/01/how-carvana-is-disrupting-the-used-car-industry.aspx If you deal with automotive retailers daily like we do there is an inside look into the beast that is the automotive retail industry.…
Read MoreIt looks like VROOM will be filing for an IPO in the near future. It’s estimated they will have a valuation of $1.93 Billion while aiming to raise $300 Million in the IPO. Most automotive retailers have recently been cutting into profit margins by slashing prices to lower inventory counts. Carvana Co. [CVNA] (www.carvana.com) is…
Read MoreCarvana is expanding into Hagerstown, Md., Salisbury, Md., Charlottesville, Va., and Roanoke, Va. — The unique way they merchandise inventory has paid huge rewards thus far and they are gaining online shoppers trust to do an almost fully online purchase process. ** https://www.autoremarketing.com/retail/carvana-launches-4-mid-atlantic-markets ** Carvana now offers as-soon-as-next-day vehicle delivery in 129 markets across the…
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