• Stop being a LURKER - join our dealer community and get involved. Sign up and start a conversation.

A day in the life of Carvana.

Viracocha

Getting Refreshed
Jan 6, 2010
92
34
18
First Name
Cooper
Chad you nailed it on the head. Carvana is heavily reliant on their data science team to determine what their acquisition price should be. Good quality used vehicles are a very in demand commodity, so MMR and other Valuation engines may not suffice as competition for resources increases.

The true winner is going to be whomever has the best success in convincing the consumer that they are the right avenue to sell of their trade. Ideally preserving the wholesale trade tax advantage along the way...
 
  • 1
Reactions: Retail My Ride
Visit Generations Digital

Retail My Ride

Getting Refreshed
Feb 14, 2020
36
19
8
USA
First Name
Jim
Chad you nailed it on the head. Carvana is heavily reliant on their data science team to determine what their acquisition price should be. Good quality used vehicles are a very in demand commodity, so MMR and other Valuation engines may not suffice as competition for resources increases.

The true winner is going to be whomever has the best success in convincing the consumer that they are the right avenue to sell of their trade. Ideally preserving the wholesale trade tax advantage along the way...
We come at it from a totally different angle for sourcing the highest quality, most demanded cars. We call it Triple-Win - all three parties (seller, dealer and buyer) come away from transaction as winners! Good read: https://www.retailmyride.com/articl...-to-get-more-money-for-your-car-rv-motorcycle
 

Attachments