Used Cars in Peril

by | Nov 18, 2022 | Resources | 39 comments

Used Cars in Peril

https://preview.redd.it/ge1sr3nzmjy91.jpg?auto=webp&s=4c0c95da8bf65a755719cf17b87eaaed8de2c3b0

Used Cars in Peril



View Reddit by Aura_FinancialView Source

Used Cars in Peril


LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing


See also  Crude Oil $80 Key Level
Truth about Gold
You May Also Like
Used Cars in Peril

Recession Imminent

Chick-Fil-A has been skimping on sauce. This morning I ordered 4 sauces with my two burritos and...

Used Cars in Peril

$AMD YOLO FINAL BET

https://preview.redd.it/vfu59hvvne7c1.jpeg?auto=webp&s=8a063d717641ec12bf69ca30b3ccc987a1ffc32c...

39 Comments

  1. slightlysketchy_

    So tell me why a 2005 Civic is still 12,000 here

  2. BushwickNormie

    10% decrease from a 100% increase is still +80% lol

  3. raptorjesusIam

    What a surprise that when the used car market gets hugely inflated from Covid and the chip shortage that there would eventually be a crash that would rival previous large drops.

  4. Foot0fGod

    I cannot believe people shilled this shit company

  5. Cupcak_carl

    Please do! My 15 year old car is barely holding on.

  6. [deleted]

    Caravana is the Michael Scott paper company.

    “Why do you think no dealerships were able to beat your trade in values?”

    Also you will never make money charging subprime customers a 2-3% markup. REAL subprime banks charge like 18% interest because they know they ain’t getting more than 6 months worth of payments from anyone who qualifies for an 18% car loan lol

  7. STONKvsTITS

    Just a vending machine for Cars

  8. Fancy_Chip_5620

    The pre-owned market may have corrected but Facebook marketplace is forever fucked

  9. mofa90277

    You can’t really be a viable car vendor when you’ve been accused of hundreds of cases of title fraud and entire states have suspended your license.

  10. Potato_Octopi

    Should help with inflation!

  11. sw3rv1n77

    Bought my 2016 Tacoma with 6k miles for 35k in 2017. Sold it last March with 59k for 35k to a Toyota dealership.

  12. charliebrown22

    Good news, with respect to inflation

  13. GlitteringEar5190

    How is this company still listed in stock exchange. Total scams. The owners sold their stocks at ATH.

  14. blackrussian023

    Retail prices are still not reflected. Asking prices remain very high.

  15. Revolutionary-Tank74

    I work at a dealership, have access to multiple dealership brands.

    Our grosses are still record high

  16. JoseArcadi0

    Someone tell me where are those cheaper cars please

  17. Otherwise-Rock-5137

    So this means I’ll finally be able to move out of my moms basement into a 2006 Honda CR-V….. massive W!

  18. scottmtb

    I hope people made money on options for this. The real question is if carvana goes under, will it crash the used car market.

  19. felonious_musk

    Perfect timing. Sold my car to Carvana in February for more than I bought it for in 2018.

    Didn’t really need a replacement so didn’t buy another one. Ready to pounce when a good deal shows up now.

  20. WackyBones510

    It’s year/year though? Doesn’t seem remotely comparable to the other point marked on the chart that fell to -10% after a fairly normal market the year prior.

  21. Z06916

    Sounds bullish should probably bet the house on Cvna calls Expiring in three days

  22. GnomerDomer

    Good I need a new truck

  23. Shavenballz

    This will bullwhip when nobody can afford a new car

  24. VisualMod

    >That’s really interesting stuff, I had no idea used car prices were crashing. Thanks for sharing!

  25. Mb7dingdang

    Car-what-a? If you want to buy used car you just look on Facebook marketplace or Craigslist and buy it from the owner. Craigslist has gotten kind of risky nowadays…. People will rob you.

  26. ch4m4njheenga

    This week in our series of “ What goes up comes down”…

  27. PunkNDisorderlyGamer

    Cash for clunkers time baby!!!!!

  28. Strappedkaos

    Carvana is Drive time.
    I don’t care how good the business model is, Drive time is the scum of used cars and if it’s associated then it can’t be good.

  29. HotdogsArePate

    Fuck yes

  30. Carterknowsitall

    I bought my 2014 Honda Accord sport for 11.5k 1.5 years ago with 125000km on it. Now they are going upwards of 15-18k with over 100000km on them.

  31. Alone-Tackle-17

    Used market will stay high demand till demand catches up . We have at least 6 months

  32. ConfidentWin3397

    Haha haha good one, now tell me that house prices are going down again.

  33. Past-Track-9976

    The fact that used cars lose value, made headlines.

    I can’t wait to tell my grandkids, how great the covid bubble was. We might not see another one for a couple decades.

  34. 111001011001

    The retail price is still high

    The wholesalers ran out of money

  35. SnakePlissken123

    These cars are overly inflated and well due a correction.

  36. Hivemindnation

    Do the dealers need loans to buy inventory at wholesale?

  37. Dark_Tint

    They will file bankruptcy and be gone soon.

  38. Zmoneybigbucks

    So what you’re saying is the bottom is in? Calls it is.

  39. Excellent_Eggplant87

    How is KMX and AN still going up?

U.S. National Debt

The current U.S. national debt:
$35,950,262,427,779

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size