As Carvana crashes hard, used car dealers — not buyers — stand to win big

Dec 9 2022 by Business Insider

 
Carvana could be facing bankruptcy, but its vehicle buyers should feel relatively protected, experts say.

MARK RALSTON/AFP via Getty Images

Used car retailer Carvana has come crashing down after a strong two years. Now, many are wondering if the company will go bankrupt. Consumers have a few things to keep in mind if that happens, experts say.

After a blockbuster few years during the COVID-19 pandemic, Carvana has seen 98% of its market value evaporate and its stock plunge to just $4.81 as of...

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