[HN Gopher] Vroom, Carvana, Shift thrive during pandemic
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       Vroom, Carvana, Shift thrive during pandemic
        
       Author : prostoalex
       Score  : 20 points
       Date   : 2021-10-03 01:01 UTC (22 hours ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | loser777 wrote:
       | Sold a 4-year old car to CarMax for $22k, (bought at MSRP @$27k
       | in 2017). Didn't need another car immediately, so I was
       | comfortable placing an order for a new car at MSRP (with ~3
       | months needed for delivery). As unfavorable as the housing market
       | is for wfh-ers looking to upgrade, the car market is a different
       | story.
       | 
       | Was suprised to see Carmax omitted from the title, though it was
       | mentioned in the article.
        
       | darkwizard42 wrote:
       | The used car market has exploded (as the article calls out) which
       | has heavily contributed to this.
       | 
       | That being said the experience aspect is awesome and I've had 3
       | friends use Carvana to buy their pandemic vehicles with no
       | complaints and nothing but good things to say about the service.
        
         | fiddlerwoaroof wrote:
         | I've been sort of wondering if I should sell my year old Model
         | 3 and buy a new one because of this: between price increases,
         | delivery times and the used car market, it almost seems
         | financially irresponsible to hold on to it.
        
           | eightysixfour wrote:
           | I sold mine for the same reason.
        
           | bink wrote:
           | That's what I did when prices started to get nuts earlier
           | this summer. I got offers from Carmax, Carvana, and Vroom.
           | One was >$1k higher than the others for whatever reason and
           | since we didn't need to be paying insurance, taxes, and
           | maintenance on two cars while working from home we got rid of
           | one of them.
           | 
           | The car sold for $3k less than we paid for it 5 years ago and
           | with twice the mileage now. My plan was to buy again when
           | prices calmed down but at this point I have no idea when that
           | will be.
        
       | _benj wrote:
       | disclamer: work for carvana... the cool things is that fueled by
       | all this growth, in spite of carvana being a large-ish company
       | there's still so much tech innovation and greenfield projects in
       | this space which makes it quite fun to be part of this used-car-
       | frenzy!!
        
       | paxys wrote:
       | The real test will be whether they are able to continue to make
       | money once the car market gets back to "normal" (whatever that
       | will mean)
        
       | mupuff1234 wrote:
       | Any explanation as to why VRM is performing so poorly?
        
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       (page generated 2021-10-03 23:01 UTC)