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These “disruptors” (Vroom, Carvana) all have those same costs of buying vehicles, maintaining them, and marketing them. They haven’t disrupted any of those thi
by kube-system 3y ago
These “disruptors” (Vroom, Carvana) all have those same costs of buying vehicles, maintaining them, and marketing them. They haven’t disrupted any of those things.
- _ea1k 3y agoTBH, I'm surprised that there aren't more efforts to organize a shift in that approach. Something like an agent model could potentially work really well here. Right now, this seems to only happen with specialty and classic cars, but I don't see why it couldn't work for any car. Just drop the car off and get a check when it sells, with their cut taken out. Then again, there might be issues aligning incentives.
- bombcar 3y agoThat’s just consignment sales, the problem is that most people selling a car need the cash now or quickly - often because they just bought a new one (hence selling it to the dealer for the down payment) or otherwise need to liquidate. If you have time to sell you can list and wait.
- _ea1k 3y agoTrue, it won't work if they need the cash immediately. I think that's not always the case, though. There's a middle ground here where you can wait a bit, but really don't want to deal with Facebook Marketplace level buyers. I'm guessing this is why the space is growing so quickly with specialty vehicles.