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Opinions on Amazon digital sales launch with Hyundai

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#11
Greg Spencer said:
I didn't know this was a general problem with online sales. The article explains it's due to people with poor credit not wanting to face the embarrassment of rejection at a physical dealership
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Hi Greg, LTNTT.
Made you a preplexity.ai page on Carvana's spectrum of FICO scores.

[] sidebar[] Poor credit ppl need the dealer to do a lot of 'work' to find a car that the bank will finance for them. Its a lot of work and most dealers and they dont have the bandwidth for it. Our pal @Matt Lasher is Pres of Streamline auto and it's a perfect fit for this 'mega niche'. Matthew Lasher - streamline.auto | LinkedIn

TTYL!
 

✨ AI Highlights

Automotive professionals discuss Amazon's new car sales partnership with Hyundai, which launched publicly in January 2024 and has sold only ~400 vehicles so far, with disproportionate appeal to consumers with poor credit scores (550-650 range). Dealers and industry veterans confirm this credit-score pattern is typical across digital automotive retail platforms, attributing it to credit-challenged buyers avoiding the embarrassment of in-person rejection and being more willing to share financial information online. The consensus suggests the slow initial sales are unsurprising given the program's newness, seasonal timing, and the fact that subprime lending through online channels is an established market dynamic, with comparisons drawn to Carvana's similar customer base.

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