[bastawhiz]

When I went to buy my car from Carvana, the guy that helped me said that the cost of used cars was incredible. People were buying cars, then trading them in a month or two later for a profit. He suggested I come back in a month or two to do the same to get a newer model.

I'm not sure what the folks at Carvana were thinking, but it seems like even with a wild used car market and high inflation, this shouldn't reasonably be possible. Or at least, their sales associates shouldn't be pushing it.

[Mistletoe]

Myself and many members of my family made some great easy sales to Carvana (they drive a truck to you!) and car dealers (they had to pay more than Carvana to get a car) way above market price several times during lockdown. I would like to thank the early investors in Carvana for these great deals and only wish it could have continued longer.

>Who invested in Carvana? Carvana has 3 investors including JPMorgan Chase & Co., Ally Financial, and Citi.

[KennyBlanken]

What's funny is seeing the correction in action on cars.com / autotrader.com. You can see the price history, and dealers even just 6 months ago were asking outrageous prices and have since slashed their asking prices because they can't move the things, because new cars are cheaper or not much more expensive, have a warranty, and better financing.

[bombcar]

That’s what kills these things - they think it’ll never change and start acting accordingly.

And of course it turns out that car companies are actually going to keep making cars.