Officially, the shoe dropped. Michigan just suspended their license.
Nearly guarantee, more will quickly follow. These guys are bad news.
Stock has dropped from +$300 to $17 this year. Suicide by stupid.
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Officially, the shoe dropped. Michigan just suspended their license.
Nearly guarantee, more will quickly follow. These guys are bad news.
Stock has dropped from +$300 to $17 this year. Suicide by stupid.
Yeah, I don't think many will be surprised if Carvana goes belly up. Same with Carmax and the other used car places. Maybe they don't go bankrupt but there will certainly be some debt issued. They all loaded up with used cars paying peak prices.
I think the major issue is they don't do required titling paperwork promptly or at least that's been the biggest complaint in FL.
That’s what I have read too. Been going on for a while with Carvana. I haven’t heard the title issues with the others. Many people have said their cars are sitting parked after purchasing from Carvana with the line….the title is on its way. Some have been over 6 months. I’m sure some states are a little more lenient than others on how many temp plates you can get without a title but in NH you would have issues right away.Quote:
Originally Posted by BarryFL