carvana

  1. Jeff Kershner

    PR & News Make It or Break It for Carvana??

    Why Carvana Stock Hit the Brakes Today Shares of the online car-buying company Carvana were crashing today after a Wells Fargo analyst cut the company's price target, just one day after a Wedbush analyst downgraded the stock and cut his price target for its shares. Making matters worse for the...
  2. Jeff Kershner

    Texas Sues Vroom, Responding to Consumer Complaints

    Some customers say they have waited months for their license plates Texas Attorney General, Ken Paxton has filed a deceptive trade practices lawsuit against Vroom Automotive. Paxton noted that consumers have filed over 5,000 complaints since 2018 with both the Better Business Bureau (BBB) and...
  3. Greg Spencer

    GettaCar's now Getta, and it's buying dealerships

    The community here's probably familiar with GettaCar, which is an online dealer with a geographic focus on Philadelphia, Washington DC and a few other nearby markets. The CEO announced this week on LinkedIn that it's now "Getta" and it's buying dealerships and turning them into digital-retail --...
  4. Jeff Kershner

    DMV troubles with Carvana

    I've been hearing through the grapevine where customers (2 acquaintances) ran into some concerning issues with the DMV when trading/selling their vehicles to Carvana. I tried to get a grasp for their issue(s) but I was not able to pinpoint exactly what business policy could be causing the issue...
  5. Jeff Kershner

    #RefreshFriday The September 2021 Auto Biz News | DealerRefresh

    September 2021 Auto Biz News from DealerRefresh Our first ever news Vidcast on RefreshFriday! Bring your comments to this one folks as @Jeff Kershner and @Alex Snyder get interactive with every topic discussed. Fair ends subscription Rumors of layoffs JM&A + DealerPolicy + Darwin and what...
  6. Greg Spencer

    Anyone listing their inventory on Carvana?

    A year ago, I wrote an article about Carvana's experiments with third-party listings. https://aimgroup.com/2020/08/14/carvana-enters-into-marketplace-territory/ Carvana was listing cars from other dealers, and selling them as their own. Sort-of. The dealers who owned the cars weren't named. In...
  7. Jeff Kershner

    #RefreshFriday Managing through this TEMPORARY Inventory Crises | Steve Stauning

    Steve the Sh*t Sandwich Stauning joins is this week for RefreshFriday. We’re talking about what you SHOULD and SHOULD NOT cut to get through this temporary inventory crisis. @Steve Stauning also wants to discuss Carvana and Vroom at the auto auctions, along with a few other newsworthy items...
  8. Jeff Kershner

    PR & News Online used-car seller Shift to go public in Q3 joining Vroom and Carvana

    Online used-car seller Shift Technologies Inc. plans to go public in the third quarter, looking to ride the momentum of rivals Carvana Co. and Vroom Inc., whose valuations have jumped as the pandemic propels them past traditional dealers. Highlights from the article include: Shift would go...
  9. Retail My Ride

    A day in the life of Carvana.

    New disruptor world according to Carvana. They bought a 2014 RDX this morning via Manheim Simulcast w/ MMR $14,000 for $15,200. Their buddies at CarGurus say Retail IMV is $16,300. But, their private seller cash offer on CarGurus.com is $12,700-$13,500 from guess who? Their buddies at Carvana...
  10. Dan Sayer

    CarGurus' Sell/Trade and Value feature steers shoppers to Carvana?

    Maybe this has been running for a while? I feel like I was cheated on! I've stood up for CG in this forum when they were accused of scraping the interwebs for everyone's inventory but this is starting to feel like I'm picking the wrong horse. If you click on the Sell/Trade tab on CG and start...
  11. Alex Snyder

    Dealers ain't going to die, says Cliff Banks

    https://www.linkedin.com/pulse/why-dealer-franchise-model-go-extinct-cliff-banks/?published=t Cliff makes a great argument against all the people nay-saying the future of car dealerships. The argument I like most is the one about all dealers being able to implement the exact same technologies...
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