Maybe repurpose them as cannabis dispensaries? On Fri, Nov 18, 2022 at 4:18 PM dan penoff.com via Mercedes < mercedes@okiebenz.com> wrote:
> And excuse me if I sound like an old fogey, but how stupid was that. “Wow! > I get to put a giant coin in a massive 5 story machine and my car comes > down an elevator and is delivered to me!" > > Stupid. I’m betting many of these will be empty monuments to excess in a > few years. > > -D > > > > > On Nov 18, 2022, at 4:05 PM, Buggered Benzmail via Mercedes < > mercedes@okiebenz.com> wrote: > > > > The other problem they had was spending huge amounts of money on those > huge vending machine parking structures instead of renting cheap land or > warehouse space somewhere. They got way ahead of themselves in the > infrastructure without proving the business model. It was “cool” and “edgy” > > > > --FT > > Sent from iFōn > > > >> On Nov 18, 2022, at 3:58 PM, Allan Streib via Mercedes < > mercedes@okiebenz.com> wrote: > >> > >> Yep. Used cars are not like software. You can't create infinite copies > at no marginal cost and sell them for pure profit. They are actually hard > assets and have a carrying cost just to keep them in inventory. There's > only so much margin in the pricing (even allowing for buyers who will > overpay because they like the "no stress/one price" buying experience) and > labor and overhead for all their concierge services will quickly eat that > up. When the market contracts things go upside down quickly. > >> > >> > >>> On Fri, Nov 18, 2022, at 15:35, Buggered Benzmail via Mercedes wrote: > >>> I read an article about their situation. It was a a really bad > business > >>> model from the beginning, although interesting. They overpaid for > >>> inventory and didn’t have a good way to recoup their money and > >>> overhead. Plus a lot of people were having problems with the cars and > >>> carvana was not honoring warranties. > >>> > >>> I had a woman friend who treated them like buying clothes, she’d see a > >>> car she “liked” and they’d bring it by her house on one of those > >>> trucks, she’d say nah…. I have no idea where their depot was but I’m > >>> sure they had to move the cars some distance so time, fuel, vehicle > >>> busy. She did this like 3X that I know of, never really had an > intent > >>> to buy one. > >>> > >>> Interesting too that whenever I’d see one of these trucks it was > always > >>> driven by a young woman. > >>> > >>> --FT > >>> Sent from iFōn > >>> > >>>>> On Nov 18, 2022, at 3:21 PM, Allan Streib via Mercedes < > mercedes@okiebenz.com> wrote: > >>>> > >>>> High interest rates starting to hurt demand for used cars. Carvana > stock has lost nearly all its value. Maybe prices will start to come back > to earth? > >>>> > >>>> > https://www.bloomberg.com/news/articles/2022-11-18/carvana-says-it-will-cut-1-500-jobs-as-company-s-troubles-mount > >>>> > >>>> If that's paywalled, below is an archive link. > >>>> > >>>> https://archive.ph/99DvI > >>>> _______________________________________ > >>>> http://www.okiebenz.com > >>>> > >>>> To search list archives http://www.okiebenz.com/archive/ > >>>> > >>>> To Unsubscribe or change delivery options go to: > >>>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>>> > >>> > >>> _______________________________________ > >>> http://www.okiebenz.com > >>> > >>> To search list archives http://www.okiebenz.com/archive/ > >>> > >>> To Unsubscribe or change delivery options go to: > >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >> > >> _______________________________________ > >> http://www.okiebenz.com > >> > >> To search list archives http://www.okiebenz.com/archive/ > >> > >> To Unsubscribe or change delivery options go to: > >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >> > > > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
