[jamala00]

Originally Posted by ember1205

What is it, then, they they're doing right?

It appears they are about three years old and haven't turned a profit yet. Every earnings report is negative, and their guidance through the remainder of 2021 is that they will continue to lose money. This shows that they may still trying to buy their way into the market and/or set themselves up to be acquired.

I haven't looked into their financials. I believe Tesla was around for a number of years before turning a profit as well.

[Trak-Toy]

One thing I’ve noticed about Vroom is they never seem to offer their best price first time you list the car. I listed my former SS 1LE on Vroom and the first time the offer was low IMO. I said no thanks. I listed it again 3 weeks later to compare it to Carvana, and the offer was $2k higher! Makes sense from a business perspective to give a lower initial offer. I bet a lot of people just take the initial offer and run with it.

[Racerman27410]

They may just be loading the cars into containers and selling them overseas for a very considerable profit. I have a friend that does that with used motorcycles.

[arpad_m]

Originally Posted by jamala00

I haven't looked into their financials. I believe Tesla was around for a number of years before turning a profit as well.

Even if they turn a profit now, which I'm not sure about, it's solely because of carbon credits the big 3 purchase from them

[Thill444]

Originally Posted by ember1205

The 'value' part of their offers doesn't really show up until you're talking 2019 or older. The 2020 and 2021 cars are simply too new and still suffer the very heavy depreciation levels.

They are currently selling a 2019 2SS Convertible w/ 10k on it for $44k. That's "precariously close" to the price of buying a brand new one, so it doesn't make sense for them to buy -my- car for $43k-$44k because a new one would cost less once they add in their markup.



What is it, then, they they're doing right?

It appears they are about three years old and haven't turned a profit yet. Every earnings report is negative, and their guidance through the remainder of 2021 is that they will continue to lose money. This shows that they may still trying to buy their way into the market and/or set themselves up to be acquired.

Caravan offered me $42K which is just about what I paid out the door. Definitely considering it.

[CamaroSSStlfan]

Originally Posted by Thill444

Caravan offered me $42K which is just about what I paid out the door. Definitely considering it.

Damn. How do you people get Camaros so cheap? Here in FL before the shortage you couldn't get a steal like that on a new 1LE

[TP2SS]

Vroom offered me 37,500 a week ago. If production keeps getting pushed back and prices continue to rise, I'm seriously gonna consider selling. It's a summer toy for me and I spend most of my summer on my sailboat. I probably didn't need to buy the SS in the first place, and I don't need it, but I just wanted one!
Gonna be hard to turn down every penny I put into it since Dec '19, which I'm not too far away from (purchase + tax + shipping from UT + winter storage + cover + windscreen + floormats + 2019 SS wheels with a set of all-seasons). Only thing I don't have covered yet is the insurance I've spent!