I've always looked at carscama as shady, it's your typical used car dealership on wall street crack money steroids. Drive through any low income neighborhood and you will see lots of their license plates, they love them subprime buyers.
Carvana is sketchy, so is Drive Time, sketchy subprime dealer selling cars to sketchy people, although Carvana and Carmax are better than most new car dealers.
I've been following this story and I don't think you can get a better summation of all the elements. If Dave Erickson is writing his own scripts they are getting tighter and better.
I’m not sure why the negative comments about Dave and his website. He’s reporting. I don’t see any “bias” in his summation at all. Big news networks should take a lesson.
Dealerships suck and they are hurting for cash . Carvana may be shady but not as shady as local dealerships
videos for years: "Carvana in trouble". Still in business.
"subprime" immediately triggered 2008 financial crisis in my head
So, Carvana is bad and your website is good. That is a super biased opinion.
Well, I made 700% on Carvana stock in less than a year. I ain't complaining.
Yeah I knew someone that worked there. Said it was poorly managed. Kinda sucks though means consumers are still stuck dealing with sales people 😂
They also intentionally delay title transfers so the title is often 2-3 buyers out. Months. Significant amount of months.
This is why we need 100's more Luigis!!!
If carvana is bad than local dealerships are worse
How did Carvana even made it market leader boggles my mind. People are just damn stupid.
Hey how come you are not doing the press tours where they fly you to places to review new cars. I like presentation.
Caravans is good for common people. I don’t wish the company go out of business
No It isnt
The laws need to change. Get rid of steelerships and make the service and test drive centers worked by hourly employees.
I've always looked at carscama as shady, it's your typical used car dealership on wall street crack money steroids. Drive through any low income neighborhood and you will see lots of their license plates, they love them subprime buyers.
Thats what caused the 2008 recession in housing loans
I remember when they reported their quarterly earnings saying to myself there's no ducking way they made that much money per unit sold.
It was a good concise explanation, and no annoying music.
Overpriced cars sold to sub 500 credit score customers for 22% interest? What could go wrong?
Time to "short the heck" on CVNA.
It will blow up in your face, the short sellers are already leveraged to the max. They have no way out except to create propaganda
@@SJT.IN.KC85 couldn't be more false. There's lots of money still left to made shorting it. Once JPM bails, and they will, this stock goes much lower
@@scheby5348 Short it than 😆
Carvana is sketchy, so is Drive Time, sketchy subprime dealer selling cars to sketchy people, although Carvana and Carmax are better than most new car dealers.
I've been following this story and I don't think you can get a better summation of all the elements. If Dave Erickson is writing his own scripts they are getting tighter and better.
I appreciate the kudos. I come from a tv news broadcasting background... 15 years as a journalist before doing car topics.
The car business is shady.
Didn’t go on a run from $3 to 250 😂
I’m not sure why the negative comments about Dave and his website. He’s reporting. I don’t see any “bias” in his summation at all. Big news networks should take a lesson.
Last time the stock went from 360 to 4 back to 280.
I shorted it the first time. You bet I'm coming back for seconds
Has Grant Thorton made any comments? (Auditor)