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> One consensus is that Carvana/Vroom/Shift are buying cars at a loss to try and capture market share. They absolutely are. Where I live, these companies are (
by bityard 5y ago
> One consensus is that Carvana/Vroom/Shift are buying cars at a loss to try and capture market share.
They absolutely are. Where I live, these companies are (and have been before COVID) paying well above market rates for newer used cars from private sellers. On the flip side, all of your typical auto sales rags and sites that used to have listings from private sellers and used car dealerships are now mainly carvana listings.
- llampx 5y agoSounds like anecdotes about Zillow where they're working hard to buy up all the inventory they can.