Earlier quoted context omitted.
Is that a joke? Parting out cars is very labor intensive and only makes economic sense in limited circumstances. Outside the HN bubble, most US consumers still want internal combustion vehicles regardless of gas prices.
Just a tongue in cheek way of suggesting the vehicles are worth less than the sum of their parts. I don't know that there's a HN bubble . Devotion to ideology seems to be kept in check by people known for their work who'll occasionally come down off the mountain. what's the difference between a bubble and a point of view? Is my BoF meetup biased because we're sticking to certain subjects?
Carvana to cut 1,500 jobs as online auto dealer’s troubles mount
91–94 of 94 posts
Re: Carvana to cut 1,500 jobs as online auto dealer’s troubles mount
#92Earlier quoted context omitted.
There isn’t going to be a fire sale. Their margins per car are positive and have only contracted about 20%. The margin isn’t enough to sustain their business, but the cars are priced in line with the market. Worst case, they would restructure in chapter 11 and continue to operate retail as normal.
> Worst case, they would restructure in chapter 11 and continue to operate retail as normal. The market need that Carvana met was reducing the hurdles of buying a used car for those people who generally don't buy used cars. The biggest hurdle is financing. The second biggest is fear of getting a lemon, which is why they have those inspections, guarantees of service and taking the vehicle back. The last hurdle was doi…
how could that possibly make any business sense to do?
Re: Carvana to cut 1,500 jobs as online auto dealer’s troubles mount
#93I've purchased 2 vehicles through Carvana, and honestly the process was fantastic. I feel I got a fair deal on both vehicles, the quality was good, and everything as advertised. I did all the paperwork online and when I showed up to pick the car up was in and out in just a few minutes. The only problem I had was that the delivery tower didn't work when I dropped the coin in both times. First time the car was for me a…
This is completely anecdotal but there's been a couple of times during COVID when I was stuck at a light next to a Caravana truck on it's way to drop off a car and I noticed what appeared to be non-trivial issues underneath the car. I just don't get how people can buy a used car without seeing it or sending over a professional to look at it first.
Re: Carvana to cut 1,500 jobs as online auto dealer’s troubles mount
#94Earlier quoted context omitted.
I bought a Nissan Rogue two months ago with Carvana - it had a 7 day no questions refund, free repairs for a year, and we got to test drive for 30 mins before they signed it over to us. Overall I felt very comfortable with this purchase, much more than a small local dealership or even worse a stranger on some FB group.
I buy older cars than Carvana seems to deal in, but I love the Craigslist and FB cars. I get to the meetup point early (better if it's at their house where I can make judgments from that), and then I watch them drive up. Talk to them for a while, see if they're knowledgeable, etc. Then inevitably you get a name over the course of messaging/texting/email, and you can get more insight about their background. You get to…