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No Break For Carvana, the ‘Amazon of Used Cars’

No Break For Carvana, the 'Amazon of Used Cars'

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Concerns are mounting around Carvana, the ‘Amazon of used cars’.

The car online store was loved by investors during the pandemic. They hailed the new economy, which wanted consumers to buy everything online: groceries, office equipment, airline tickets, meals, clothes, homes and cars.

caravan (CVNA) – Get a free report was a pioneer in a new way to buy and sell vehicles with its car-automatic model.

The group also benefited from disruptions in vehicle manufacturers’ supply chains, which had caused a large imbalance between the demand and supply of cars at the expense of supply. As a result, car prices had risen sharply, so used car prices were competitive with new cars. Interest rates were also close to zero, giving Carvana a double advantage. It was easy for the consumer to finance the purchase of a vehicle and Carvana was also able to use the debt market to expand. The company went into debt five times during the pandemic.

Source: https://www.thestreet.com/technology/no-break-for-carvana-the-amazon-of-used-cars?puc=yahoo&cm_ven=YAHOO&yptr=yahoo



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