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CarDealershipGuy

Dec 17 • 7 tweets • 3 min read

Carvana may have just quietly started liquidating:

The company is now advertising its *retail* inventory to *wholesale* dealers.

Look at the $5,000 price difference. Wild times.

These are all retail-ready cars being advertised to other dealers - likely at a big loss.

(h/t RayMF for submission)

Alright everyone is asking how to take advantage - here you go:

Dealers: If you’re willing to buy one of these cars for consumers at a flat $600 mark-up, please comment below.

Consumers: If you want one of these cars and willing to pay a flat $600 mark-up, DM the dealer.

🤝

@DougDeMuro

Hey, @DougDeMuro, saw your comments.

Carvana has been an incredibly inflationary force in the wholesale used car markets. Tough to quantify this impact but it’s significant.

Respect you a lot and open to showing you how and why Carvana’s actions may crush used car prices.

I’ll talk more about this and how you can take advantage in my next newsletter, subscribe for free dealershipguy.com

Okay now it gets interesting… !!

Carvana web visitors are DOWN 45% month over month!

You don’t just lose 45% of your web traffic WITHOUT shutting off your marketing.

This tells me that they are likely in severe cost-cutting and downsizing mode.

@gatrmf47

Quick shout-out to @gatrmf47 for noticing and submitting this content this morning (name didn’t get tagged in my previous post)

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More from @GuyDealership

CarDealershipGuy

@GuyDealership

Dec 18

Disturbing consequence of rapidly rising interest rates:

People are rolling back miles on cars at absolute RECORD numbers.

Today, more than 1.9 million cars on the road have had their odometer rolled back - a 7% increase from 2021.

Let me explain:

1 Vehicle valuations are plummeting, mainly due to rapidly rising interest rates.

2 No one was prepared for such a sudden fall.

And… *drum-roll*…

3) If you’re a dealer (or a consumer) and want to increase the value of a vehicle, there is only one (illegal) way:

Roll-back the miles.

To be clear, this is a SMALL minority of scummy, unethical dealers & consumers and isn’t indicative of the majority of people (!)

But still.

Read 6 tweets

CarDealershipGuy

@GuyDealership

Dec 16

This morning I discovered something *extremely* alarming happening in the car market, specifically in auto lending.

I'm now convinced that there is a massive wave of car repossessions coming in 2023.

Here's what I discovered (and what no one knows):

Background:

Over the past 2 years, many people took out exorbitant loans on cars.

Car values were inflated (and frankly, still are to some extent).

But many people simply had no choice and bought an overpriced a car.

Well...

Car valuations are now plummeting.

Some cars have declined in value as much as 30% y/y.

And these same people that took out these big loans are now "underwater".

Basically, they owe banks more on these cars than they are worth.

And the banks are well-aware of this...

Read 18 tweets

CarDealershipGuy

@GuyDealership

Dec 15

How to become a billionaire:

Find a way to slash the days dealers hold cars in inventory.

let me explain…

Past 2 years any shmuck could buy a car, hold, and make money.

But that’s over now.

Rates are up, sales are down, and efficient matters again.

Historically, dealers held on to used cars for an average of 60 days (excl. 2020-2021).

But in a deflationary environment, even 60 days is risky.

If they want to survive 2023, used car dealers will need to find every possible efficiency.

Read 7 tweets

CarDealershipGuy

@GuyDealership

Dec 6

my FREE car buyer/seller network is LIVE!!!!

Car buyers: Tell us exactly what car you want

Car sellers: Get dealers to compete for your car

Car dealers: Get FREE leads in exchange for providing ethical biz practices (Max 150 dealers, first-come, first-serve)

link below 👇👇👇

Try it now @ dealershipguy.com

DEALERS: Please allow 24-48 hours for leads to populate.

But there's more...

Why did I decide to do this?

After launching my private car buying service I was overwhelmed with inquiries.

I received over 750 car buying requests in the first week alone (!)

Well, now ANY ethical dealer can help my followers if they agree to follow these guidelines:

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CarDealershipGuy

@GuyDealership

Dec 1

My tweets get 70M+ impressions per month.

Time for an experiment… 🤑

Sellers: Post a 1 sentence description of your car and an asking price.

Buyers: Tell us what car you’re looking to buy and by when.

Should I start doing 'Matchmaking Mondays' on the first Monday of every month?

@elonmusk

FYI @elonmusk this is an interesting use-case for Twitter and could directly compete with FB Groups (!)

Just need to make a couple enhancements to the UI/UX and this could blow FB groups out of the water.

Read 4 tweets