4 ms·
Carvana still has thousands of cars. Disclosure: I work there, I think we’re pretty neat.
by rblatz 7y ago
Carvana still has thousands of cars.
Disclosure: I work there, I think we’re pretty neat.
- jedberg 7y agoYeah, but not the one my wife wants. :) I check your site every week, but as far as I can tell, the inventory isn't turning over much right now. I don't know if you can share publicly, but if you can, I'd love to know what the inventory turnover rate is right now, or at least how many new cars are added to your platform each week.
- rblatz 7y agoSorry, I’m not 100% sure what I can share. But I do know that we are still adding cars to the site daily.
- anoncareer0212 7y agoHow do you sell used Teslas for more than new? Started seeing this frequently over the last couple months. Makes it hard for me to pull the trigger Today's: https://imgur.com/a/A2PbB7J https://imgur.com/a/A2PbB7J
- rootusrootus 7y agoAs unbelievable as it sounds, there is a whole segment of the car-buying public that is so convinced that used cars are always a better financial choice that they won't even look at new cars. I had this exact observation when talking to a used car salesman at a lot that sold both new cars and used ones right next door to each other. His used cars of the same model were more expensive than the new ones (which had big rebates). I asked how that even worked, and he enlightened me that it isn't the same market for the same customer, so it doesn't matter.
- dwaltrip 7y agoWhen is a new car a better financial choice?
- NullPrefix 7y agoMostly when it's cheaper
- mywittyname 7y agoBuying a car is never a sound financial choice. That being said, if you buy a new car from a company that is known for solid resale value, you keep it for a long time, and you maintain it well, you may end up with nearly the same TCO over 10 years as a used one. Timing can also work in your favor. If you buy a new car when car sales are down, once demand picks back up, the value of your car will rise along with demand. Not saying you'll make money on the deal, but that depreciation can reverse. Take 2009 for example, car sales in the US fell by nearly half. So if you bought a new car for $20k, it might have been worth maybe $13k or so on the used market in 2011, but by 2013, used car prices were going crazy and the same car might have fetched $16k. I've been tracking the monthly value of all my cars in a spreadsheet for a decade now. It's kind of interesting to watch how much the KBB value fluctuates each month.
- deleted 7y ago[deleted]
- ericmay 7y agoIs now a good time to sell a solid used car? I guess, if I’m in a strong financial position and have a used car and plan on getting something new, am I better off trying to sell it now or before the Coronavirus hit? What do you think?
- rblatz 7y agoSo the used car market doesn’t know what Covid-19 means exactly to car values. Sales across the industry are down, and auctions have halted. So price discovery is harder than usual. So it could be a good time because prices may fall further, or maybe not they may bounce higher. It’s likely not better than pre-covid, but so many things influence the used car market that it’s pretty up in the air right now. I say if you get a value that seems fair to you, then it’s a good time to sell. Edit: also depending on your state it may make more sense to buy and trade the car in the same transaction. You can get some pretty hefty sales tax benefits from that.