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No Rest for Carvana, the ‘Amazon of Used Cars’


Concerns are growing around Carvana, “the Amazon of used cars”.

The online auto retailer is an investor favorite during the pandemic. They praise the new economy that wants consumers to buy everything online: groceries, office supplies, travel tickets, meals, clothes, homes and cars.

carvana (CVNA) – Get a free report pioneer in the new car buying and selling method with the car vending machine model.

The group also benefits from supply chain disruptions by automakers, which have caused a huge imbalance between auto supply and demand with supply costs. Thanks to that, the price of cars increased sharply, the price of old cars competed with the price of new cars. Interest rates are also close to zero, which is doubly beneficial for Carvana. It’s easy to finance the purchase of a car for consumers, and Carvana can also enter the debt market to finance its expansion. As a result, the company went into debt five times during the pandemic.

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