Re:As Carvana crashes, used car dealers, not buyers, stand t...
by SoftTalker on Sunday December 11, 2022 @08:35PM
(#33949813)
This is the problem when SV startup approaches hit the world of physical products. This isn't software. To sell a car, you first have to buy one. You cannot create them out of bits and sell more at nearly zero marginal cost. Your inventory has a carrying cost. You're playing in a market. Carvana got caught buying high and having to sell low. Was there any securities trading firm or auto retailer experience on their management team or board?
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