Carvana...sells used cars

They might survive in some form but they were overpaying and the market sunk.

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my understanding is they paid too much for used cars.

I think someone here posted they got a few thousands more than trade in at the dealer.

Post-pandemic? Really?

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My life goes smoothly and in regular intervals

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gadje
my understanding is they paid too much for used cars.

I think someone here posted they got a few thousands more than trade in at the dealer.

Yep, they were several thousand higher than any of the other places I checked when selling my late husband’s car.
I am not surprised they went under.

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Roswell, GA (Atlanta suburb)

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rgG
I am not surprised they went under.

They haven't gone under - OP was merely illustrating the company's reduced valuation during the last year. In face, Carvana had a strong market day last Friday: [www.marketwatch.com]

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It is what it is.

I wanted to sell my Volts to get a Model 3 but the wife wouldn't let me. Their prices were crazy. They were quoting me almost $15k for my 2013 Volt, even more for the wife's 2015 Volt.

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**************************************
MacResource User Map: [www.zeemaps.com]#

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ztirffritz
I wanted to sell my Volts to get a Model 3 but the wife wouldn't let me. Their prices were crazy. They were quoting me almost $15k for my 2013 Volt, even more for the wife's 2015 Volt.

Although with the recent Tesla price drops, you might come out the same today! (Less value for the Volt, but lower purchase price for the Tesla).

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N-OS X-tasy!

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rgG
I am not surprised they went under.

They haven't gone under - OP was merely illustrating the company's reduced valuation during the last year. In face, Carvana had a strong market day last Friday: [www.marketwatch.com]

Ah yes, my bad. Guess they are still around, for now.

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Roswell, GA (Atlanta suburb)

Zillow was following the same strategy in the housing market, but they pulled back.

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rgG

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N-OS X-tasy!

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rgG
I am not surprised they went under.

They haven't gone under - OP was merely illustrating the company's reduced valuation during the last year. In face, Carvana had a strong market day last Friday: [www.marketwatch.com]

Ah yes, my bad. Guess they are still around, for now.

Still around for now, but it appears they have reduced the areas to which they will deliver a car. Looking at prices on their site those also appear to have been reduced to be more in line with the current used car prices. They can survive if they have enough cash and other resources to handle the write down in value of cars they paid too much for last year.