By on June 6, 2017

Carvana dealership, Image: Carvana

Carvana, the company we previously razzed for its innocuous multistory automotive contrivances, has suddenly found itself facing some legitimate problems. The car dealer is now famous for two things: vehicular vending machines and a majority shareholder with criminal ties to a major savings and loan scandal — who also happens to be the father of the business’ CEO and co-founder.

The organization is also facing a share price that has dipped 40 percent since its April 27 IPO. However, that can likely be blamed on an over-saturated used car market. Secondhand cars are incredibly affordable at the moment so, if you wanted to support Carvana or any other used vehicle vendor, now would be a good time. You just have to be alright with doing business with Ernie Garcia II, the ex-con investors are likely going to blame if the share price doesn’t bounce back.  (Read More…)

Recent Comments

  • 28-Cars-Later: Very likely but its apples to oranges.
  • 28-Cars-Later: Shouldn’t the sales dept. simply intercept potential Explorer buyers at the door and redirect...
  • FormerFF: For looking at, sure, for driving, no way, the Corvette would be a much better car to drive.
  • FormerFF: It is a bigger car, and it drives like a bigger car.
  • FormerFF: Do it!

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