[CamaroSSStlfan]

Originally Posted by mcintyre1969

Thats $2k! Transport fees are going to eat into that big time. Employees, rent, insurance .... Yeah, I think it is a terrible business model.

Same thing I posted. They buy your car at an inflated price and sell it at an inflated price.


I have another theory to it too why they pay a lot to get a car and sell it for a few grand more than a dealer does but it's not enough to make up the cost like you said insurance, transport, payroll, etc.


Like the Camaro they're eating up the used market for these cars. With vroom buying all the cars up right now it gives dealers less inventory to work with. So basically Vroom, Carvana, etc. is buying up inventory and hogging it. So this gives them a bigger market share.


So they're offering more $$ than dealers to get your car in order to gain a bigger market share. Even if this cuts big time short term into their profits it still allows them to bulk their inventory up.



Right now vroom on auto trader has a ton of Camaros compared to my local dealers. Despite this the Vroom prices are about 3 grand higher and more miles than my local dealers.


basically they're trying to hog the inventory for used cars so you have to buy from them.

[BlaqWhole]

Originally Posted by mcintyre1969

Thats $2k! Transport fees are going to eat into that big time. Employees, rent, insurance .... Yeah, I think it is a terrible business model.

Again, multiplied by thousands and it is a good business. They're not selling YOUR car. They're selling THOUSANDS of cars. As an example, how much do you think truckers are getting for a day's worth of work? Maybe a few hundred dollars. So if they're hauling 5 cars at $2K a piece then they bring in $10K. If they do 2 loads a day then that is $20K a day. Most truckers are paying their own fuel unless they are working for a company. But at $20K a day for one trucker, even if gas costs $2K and the driver gets $400 that still leaves about $17,500 a day.

Granted it might not be full loads all day every day. And it might not be $2K each car...some cars might fetch more and some less. But you get the point. I'm telling you they are not doing this to lose money. I don't know why you guys think they're out here buying cars high and selling them low and losing money. Why would anyone operate or continue to operate a failed business? It wouldn't have even gotten off the ground if it wasn't a worthwhile venture. And the fact that they're still out here buying high and they're selling what they bring in very quickly has got to mean something.

[mcintyre1969]

I didn't take in account delivery fees, warranties, financing. Not bad!

In 2020, Vroom sold 15,543 more vehicles than in 2019, a YoY increase of 82.0%. ... Gross profit per vehicle actually declined due to lower selling margins, but strong profit growth in products (warranties, financing, etc) resulted in total e-commerce gross profit growth of 89.4%.Mar 24, 2021

[BlaqWhole]

Originally Posted by mcintyre1969

I didn't take in account delivery fees, warranties, financing. Not bad!

In 2020, Vroom sold 15,543 more vehicles than in 2019, a YoY increase of 82.0%. ... Gross profit per vehicle actually declined due to lower selling margins, but strong profit growth in products (warranties, financing, etc) resulted in total e-commerce gross profit growth of 89.4%.Mar 24, 2021

Perhaps due to the Pandemic since a lot of dealerships were closed. However I do still think this is going to be a good thing for companies like Vroom. Not many people have the time or desire to spend all day in a dealership. I could definitely see the benefits to paying slightly more but not having to be in a dealership being pressured into shit all day. And there are still a lot of areas that are being heavily impacted by the Pandemic. I mean it is just like online shopping. You order what you want and have it delivered right to you without hassle.

[CamaroSSStlfan]

Originally Posted by BlaqWhole

Perhaps due to the Pandemic since a lot of dealerships were closed. However I do still think this is going to be a good thing for companies like Vroom. Not many people have the time or desire to spend all day in a dealership. I could definitely see the benefits to paying slightly more but not having to be in a dealership being pressured into shit all day. And there are still a lot of areas that are being heavily impacted by the Pandemic. I mean it is just like online shopping. You order what you want and have it delivered right to you without hassle.

My Camaro last Sept went pretty smooth. If I didn't have a trade in it wouldn't take long at all. Paperwork process, loans, etc. was just over 2 hours. The finance guy understood I didn't want extended warranties and I made it clear.



The extended warranties on used cars are a waste. I either buy them used with warranty left on them, or so low miles that there likely isn't any issues. Also, the cars that vroom and Carmax sell tend to have more miles on them. I'm not buying a performance car with 38k miles. I can find them on dealer lots with under 25k miles.



I can't imagine buying a car online without looking it over, test driving it, etc.



I guess for millennials who don't know how to negotiate because their dads never taught them then Vroom and Carmax easier, BUT you're paying 3-4 grand more for the same car.


The dealers were never closed here. The sales guy who sold me my Camaro said their sales tanked during the lockdown when unemployment was high last April and May and they had to lay some of the staff off as a result.

[BlaqWhole]

Originally Posted by CamaroSSStlfan

My Camaro last Sept went pretty smooth. If I didn't have a trade in it wouldn't take long at all. Paperwork process, loans, etc. was just over 2 hours. The finance guy understood I didn't want extended warranties and I made it clear.

That may be your particular experience but it does not always go as smoothly for everyone. Wait until you go to a dealership that has only 1 finance guy and you're in line behind 3 others. That 2 hours will turn into you driving home at 10 pm. Been there done that. Not to mention, you had a reasonable person you dealt with. Some of these other dealerships have guys who are very pushy. Maybe it won't work on someone going there to buy a Camaro SS. But they'll for sure take advantage of others. It happens all the time.

Originally Posted by CamaroSSStlfan

The extended warranties on used cars are a waste. I either buy them used with warranty left on them, or so low miles that there likely isn't any issues. Also, the cars that vroom and Carmax sell tend to have more miles on them. I'm not buying a performance car with 38k miles. I can find them on dealer lots with under 25k miles.

Not necessarily and definitely not so on cars like a Camaro or Mustang where it is more than likely that the previous owner beat the shit out of it and/or modded it to hell and returned it to stock when they turned it in. Or on cars like BMWs and other higher end vehicles where costs can get very expensive.

Originally Posted by CamaroSSStlfan

I can't imagine buying a car online without looking it over, test driving it, etc.

A lot of them give you the option to test drive and do a look over upon delivery and before you accept it. These places are not out to scam people, they're just priced high. And again, i wouldn't even consider it high priced. I just think the market itself is increasing.

Originally Posted by CamaroSSStlfan

I guess for millennials who don't know how to negotiate because their dads never taught them then Vroom and Carmax easier, BUT you're paying 3-4 grand more for the same car.

Not for nothing, but then that wouldn't be the Millennial's fault, now would it? It would be the fault of their Gen X parents who didn't teach them properly. And for the record, I am not a Millennial. However, I don't care to negotiate and I feel like I shouldn't have to. Negotiation is nothing more than favoritism. Why should I have to spend hours and hours negotiating while some other person can walk in and get that same price for being attractive or for being someone's nephew or this or that? I couldn't care less. I've been in dealerships where I saw someone get a killer deal while others didn't. And I walked right out of there because to me it is completely unfair. But to each their own. At least the online sites are offering the same prices to everyone. And for the record, those awesome prices you negotiated just meant that they absorbed the losses elsewhere and made up for it. $1K off the price for a car you bought just means bringing up the price elsewhere. Or a slight increase across the board. Or perhaps you just think you negotiated a good price when all along they inflated the price to begin with and you just talked them into bringing it down to what they were gonna list it at originally before inflating it. LOL!! Trust me, these dealerships are NOT suckers. You're not negotiating anything.

Originally Posted by CamaroSSStlfan

The dealers were never closed here. The sales guy who sold me my Camaro said their sales tanked during the lockdown when unemployment was high last April and May and they had to lay some of the staff off as a result.

Well up here in the Northeast while the Pandemic was raging thru every hospital I work in and we were all in crisis mode and our morgues were full and we had to get refrigerated trucks to store bodies in because we had no more room and where we ran out of vents and had no more hospital beds you can bet your ass that all the dealerships were closed even if for a short period of time. When they reopened it was with limited staff and by appointment only and even then you couldn't enter the place. So I'm glad everything was just peachy keen wherever you're from. But again, the online sites were pretty much the safest way to buy a car at that point.

[Silveradoss573]

Despite what a certain person keeps saying about carmax, vroom etc about buying high to gain control of inventory and what not. I have 3 standing offers on my car. Carmax is 32K which is where I bought mine 3 years ago with no regrets btw. Carvana is 32.5K and a Chevy dealership not 15 minutes away just offered 32K. And for shits I did some comparison shopping between car max and a few of my local dealers. Camaro, Tahoe, Silverado 1500 to name a few. And pretty much between the dealers in my area vs say carmax, the prices on used units are all pretty much the same across the board.

[CamaroSSStlfan]

Originally Posted by Silveradoss573

Despite what a certain person keeps saying about carmax, vroom etc about buying high to gain control of inventory and what not. I have 3 standing offers on my car. Carmax is 32K which is where I bought mine 3 years ago with no regrets btw. Carvana is 32.5K and a Chevy dealership not 15 minutes away just offered 32K. And for shits I did some comparison shopping between car max and a few of my local dealers. Camaro, Tahoe, Silverado 1500 to name a few. And pretty much between the dealers in my area vs say carmax, the prices on used units are all pretty much the same across the board.

Damn. I would go to your local dealer since it's closer and unload it. Are you looking for a gen 6 1le? Profile says you got a 2015. Unload or trade in the 2015 and get a 2016 2ss and just pay the small difference. For a Gen 5 1le and 32k I'd pounce on that offer and upgrade ASAP. Then again you can wait a few months and be offered less for the car BUT the prices of the others might go down too and the Chevy dealers if they have shipments of 2021 and 2022s coming in might want to discount those used 6 gens to clear them off the lots.

[CamaroSSStlfan]

Originally Posted by BlaqWhole

That may be your particular experience but it does not always go as smoothly for everyone. Wait until you go to a dealership that has only 1 finance guy and you're in line behind 3 others. That 2 hours will turn into you driving home at 10 pm. Been there done that. Not to mention, you had a reasonable person you dealt with. Some of these other dealerships have guys who are very pushy. Maybe it won't work on someone going there to buy a Camaro SS. But they'll for sure take advantage of others. It happens all the time.



Not necessarily and definitely not so on cars like a Camaro or Mustang where it is more than likely that the previous owner beat the shit out of it and/or modded it to hell and returned it to stock when they turned it in. Or on cars like BMWs and other higher end vehicles where costs can get very expensive.



A lot of them give you the option to test drive and do a look over upon delivery and before you accept it. These places are not out to scam people, they're just priced high. And again, i wouldn't even consider it high priced. I just think the market itself is increasing.



Not for nothing, but then that wouldn't be the Millennial's fault, now would it? It would be the fault of their Gen X parents who didn't teach them properly. And for the record, I am not a Millennial. However, I don't care to negotiate and I feel like I shouldn't have to. Negotiation is nothing more than favoritism. Why should I have to spend hours and hours negotiating while some other person can walk in and get that same price for being attractive or for being someone's nephew or this or that? I couldn't care less. I've been in dealerships where I saw someone get a killer deal while others didn't. And I walked right out of there because to me it is completely unfair. But to each their own. At least the online sites are offering the same prices to everyone. And for the record, those awesome prices you negotiated just meant that they absorbed the losses elsewhere and made up for it. $1K off the price for a car you bought just means bringing up the price elsewhere. Or a slight increase across the board. Or perhaps you just think you negotiated a good price when all along they inflated the price to begin with and you just talked them into bringing it down to what they were gonna list it at originally before inflating it. LOL!! Trust me, these dealerships are NOT suckers. You're not negotiating anything.


Well up here in the Northeast while the Pandemic was raging thru every hospital I work in and we were all in crisis mode and our morgues were full and we had to get refrigerated trucks to store bodies in because we had no more room and where we ran out of vents and had no more hospital beds you can bet your ass that all the dealerships were closed even if for a short period of time. When they reopened it was with limited staff and by appointment only and even then you couldn't enter the place. So I'm glad everything was just peachy keen wherever you're from. But again, the online sites were pretty much the safest way to buy a car at that point.

For a couple months we were shutdown, but our governor finally saw the shutdown was BS and that it did nothing to stop the over hyped China flu and said hell with it. And our hospitals didn't have these stacks of bodies piled up and the fake news said Florida was dying from it.


My aunt passed away in the ICU last Nov up in the Tampa area. They had ONE covid patient in ICU when I was there. My cousin is a lab manager at a hospital in downtown Tampa and said it wasn't as bad as the media said it was and she works at the largest hospital in Tampa.


I went out to eat regularly after lockdown when you could eat inside on a regular basis. My mom is 73 and we both work with the general public. We knowingly did not get sick, both still alive and kicking right now. Only two relatives got it. Both VERY minor symptoms. My cousin's bf who shares the same apartment got it for about 3 days and felt better after that.


I bought my Camaro last sept and I didn't think once of catching the China Flu when test driving or visiting the dealer. Finance manager even told me I could take my mask off in his office.

[JoeCamaro444]

Vroom has raised the price of the Camaro I sold to them AGAIN! 😂
It started at $40,999 a couple weeks ago, then went up $500 last week. Now it’s up another $500, to $41,999! 🤷🏻*♂️

[CamaroSSStlfan]

Originally Posted by JoeCamaro444

Vroom has raised the price of the Camaro I sold to them AGAIN! ��
It started at $40,999 a couple weeks ago, then went up $500 last week. Now it’s up another $500, to $41,999! ����*♂️

That's odd. When I put in my zipcode on autotrader the other day Vroom reduced the prices on a few of the models.


I see you're in MA though. Could it be that they sell it for more in MA since it's early summer and they figure the demand could be higher up there compared to here in FL? Like I said in other posts, my region of FL the 6th gen v8s don't seem to sell really well at all here. Even pre covid the chevy dealers don't like carrying the v8 models around here.

[Silveradoss573]

Originally Posted by CamaroSSStlfan

Damn. I would go to your local dealer since it's closer and unload it. Are you looking for a gen 6 1le? Profile says you got a 2015. Unload or trade in the 2015 and get a 2016 2ss and just pay the small difference. For a Gen 5 1le and 32k I'd pounce on that offer and upgrade ASAP. Then again you can wait a few months and be offered less for the car BUT the prices of the others might go down too and the Chevy dealers if they have shipments of 2021 and 2022s coming in might want to discount those used 6 gens to clear them off the lots.

It's not going anywhere. You know it's funny only becuase we are not looking to buy a new car. But I still have my 2011 Silverado I bought brand new. A little over a year ago none of the dealers wanted to give me anything for it. And of course they would hardly move off their overpriced new trucks prices. Now we have them calling and basically begging for my truck. 2 places have offered almost 10K over their pathetic offers not to long ago. Have to say i don't feel to sorry for them.

[CamaroSSStlfan]

Originally Posted by Silveradoss573

It's not going anywhere. You know it's funny only becuase we are not looking to buy a new car. But I still have my 2011 Silverado I bought brand new. A little over a year ago none of the dealers wanted to give me anything for it. And of course they would hardly move off their overpriced new trucks prices. Now we have them calling and basically begging for my truck. 2 places have offered almost 10K over their pathetic offers not to long ago. Have to say i don't feel to sorry for them.

All the automakers were hit to some extent by the semi conductor plant fire and also the shortage, BUT it seems the GM bean counters got hit the hardest of them all.


The local Hyundai, Kia, Honda dealers while they're not as full as they're usually they still got a lot more inventory compared to the GM dealers here and even Ford.



Typical GM bean counting. I don't understand GM. It seems all they care about is saving a few $$.



Do you think GM learned their lessons with the semi conductors? Hopefully there is no unrest with Taiwan and China or that could cause more problems.

[JoeCamaro444]

Originally Posted by CamaroSSStlfan

That's odd. When I put in my zipcode on autotrader the other day Vroom reduced the prices on a few of the models.


I see you're in MA though. Could it be that they sell it for more in MA since it's early summer and they figure the demand could be higher up there compared to here in FL? Like I said in other posts, my region of FL the 6th gen v8s don't seem to sell really well at all here. Even pre covid the chevy dealers don't like carrying the v8 models around here.

Perhaps it is regional. I’ve just been keeping an eye on the Vroom prices on these cars, daily, especially the Camaro I recently sold to them.

They first uploaded my car with no photo yet, with the 4646 miles it had when they picked it up. They listed it for $40,999.
About a week later the photos went up, and the car had 4675 miles! lol. Price also went up by $500. Last photo is from today, $500 higher. Just watching and laughing.