https://www.vroom.com/sell/sitemsg

 

Probably not the last either!

 

I guess she no long digs it.

And Pastor Steve Newlin is out of a job again, rough times!

 

Well….bye!

 

Yeah and Shift went belly up as well, leaving Carvana. The effects of this I think had a significant impact on used car pricing as they were engaged in a buying war. Similar to the predatory lending issues we experienced in the aughts, same sorta thing happened with these companies, coupled of course with other market factors like supply chain issues, low interest, etc.

 

Carvana still is avoiding bankruptcy, right? It bought a car from me recently, and that was a glass-smooth process. Too bad it couldn't get their back-office in order and locked itself out of so many selling markets.

Good ideas, bad management; I expect the same is true with Vroom.

 

We sold a couple cars to carvana, stupid easy and they paid way more than I expected. Carvana can't operate in Michigan anymore for some reason, don't know if vroom had the same issue.

 

I sold cars to Shift and Carvana, super easy, and got more than top dollar for my cars. They really were in a buying war with each other to keep each other from getting inventory, which was great for sellers like us, but bad for buyers since it inflated the used car market.

 

We sold my wife's Wrangler at the beginning of the lockdown after trying to sell it privately for a couple weeks. This was at the height of their venture capital investments and they offered me 20% over what the private sale price would have been at the time. It was a no-brainer and I'm sure is what helped start the crazy pricing of used cars. I've said it before in another thread, but we threw on her original wheels and tires that were just at their wear bars - we had a set of take off wheel/tires from another Jeep she had been using- and when I found the car for sale in New Mexico - I live in New Jersey - they had literally done no work to the car. No new tires, not even a clean. So it's a great place to sell cars, but I would never buy a car from them.