Carvana’s losses widen as the used-car market stalls

Discussion in 'Current Events' started by sec, Feb 24, 2023.

  1. sec

    sec Well-Known Member

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    https://www.cnn.com/2023/02/23/business/carvana-earnings/index.html

    HYPERLINK has full article


    snip

    In 2022, the company sold fewer cars than it had the year before — the first time that’s happened in nine years — and the company’s losses grew as the used car market soured...............

    The number of cars Carvana sold in the fourth quarter last year dropped 23% from a year earlier to about 87,000 while overall revenue declined 24%.


    end snip

    Another industry suffering the downturn. And the beat goes on
     

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