Carvana mostly sells very lightly used vehicles. And they have been selling (or at least listing) Broncos (some with under 100 miles) for 15-20k over new MSRP.This has nothing to do with ADM on new vehicles. This is a USED car seller versus Ford, a NEW car seller with a product that is high in demand. How would their demise mean that a high volume new vehicles ADm would go away????????
These are not independent markets.
If Carvana collapses completely, that means a ridiculous number of "used" vehicles will hit the market at an adjusted wholesale rate.
That will drive down the market price for used vehicles, which in turn will pull down the market price for new ones.
But, they only have about 160 Broncos listed. So I wouldn't expect a huge impact.
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