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We conducted several survey monkey surveys to random audiences starting back in 2018 to vett the viability of building a business that would support this new market. The sentiment was clear that consumers would prefer a remote process if one existed.Most said the same exact thing about Tesla for many years. CARVANA's business model in my opinion is flawed for several reasons. The concept is very good but the reliance on the used car market and the massive infrastructure in flatbed trucks just do not scale effectively. My comparison is the concept of selling remotely and it can be accomplished for 1/16 of the cost at the dealer levelTRUE
We conducted several survey monkey surveys to random audiences starting back in 2018 to vett the viability of building a business that would support this new market. The sentiment was clear that consumers would prefer a remote process if one existed.
Most said the same exact thing about Tesla for many years. CARVANA's business model in my opinion is flawed for several reasons. The concept is very good but the reliance on the used car market and the massive infrastructure in flatbed trucks just do not scale effectively. My comparison is the concept of selling remotely and it can be accomplished for 1/16 of the cost at the dealer level
TRUE
