Time to sell?

husam2012 · 05-03-2022, 05:32 PM

IMO the market is definitely about to pop. Carvana just reported that sales are slowing down a lot. Interest rates are about to skyrocket and houses are sitting a lot longer than they use to a few months ago.

I just sold my 2011 sport for 23k to Carvana, my 2019 Nismo to a FB buyer, and bought a 370z from the auction for $6k delivered with a blown engine(140k on the car). Swapped a motor in and did all the modifications I like on these cars for track duty and I'm still under 10k. Also got a 2010 GTR with the difference between the 2 sales lol

VHRpurr · 05-03-2022, 05:57 PM

Quote:

Originally Posted by husam2012

IMO the market is definitely about to pop. Carvana just reported that sales are slowing down a lot. Interest rates are about to skyrocket and houses are sitting a lot longer than they use to a few months ago.

I just sold my 2011 sport for 23k to Carvana, my 2019 Nismo to a FB buyer, and bought a 370z from the auction for $6k delivered with a blown engine(140k on the car). Swapped a motor in and did all the modifications I like on these cars for track duty and I'm still under 10k. Also got a 2010 GTR with the difference between the 2 sales lol

Carvana lost their backside as they lost $500 MILLION, not exactly a small chunk of money, but they have enough investors that will unfortunately keep that crap business going, and Vroom…. Their stocks are down 99% after the Texas Attorney General all but sued them out of existence…

babyzilla · 05-04-2022, 09:04 AM

Quote:

Originally Posted by VHRpurr

Carvana lost their backside as they lost $500 MILLION, not exactly a small chunk of money, but they have enough investors that will unfortunately keep that crap business going, and Vroom…. Their stocks are down 99% after the Texas Attorney General all but sued them out of existence…

I'm being lazy...do you mind giving me the quick summary of exactly what happened with Carvana and Vroom? Thanks!

DaveZ03 · 05-04-2022, 09:10 AM

Quote:

Originally Posted by babyzilla

I'm being lazy...do you mind giving me the quick summary of exactly what happened with Carvana and Vroom? Thanks!

This maybe?
https://www.cbtnews.com/carvana-bett...on-investment/

05-03-2022, 05:32 PM	#1 (permalink)
husam2012 Track Member Join Date: Mar 2015 Location: Michigan Posts: 553 Drives: 370Z Nismo Rep Power: 9471	IMO the market is definitely about to pop. Carvana just reported that sales are slowing down a lot. Interest rates are about to skyrocket and houses are sitting a lot longer than they use to a few months ago. I just sold my 2011 sport for 23k to Carvana, my 2019 Nismo to a FB buyer, and bought a 370z from the auction for $6k delivered with a blown engine(140k on the car). Swapped a motor in and did all the modifications I like on these cars for track duty and I'm still under 10k. Also got a 2010 GTR with the difference between the 2 sales lol JARblue, MZ DAIZY, Falconquey and 1 others like this. __________________ Creator of the GTR TT Conversion Kit, NA Record Holder (401WHP) Ecutek Master Tuner (VQ37, VR30, VR38, B58, S55, S58) BTWTuning

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