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Talk Your Book: Car Dealership Guy
Animal Spirits Podcast
The Carvana Rise and Fall
Carvana was a victim of their own success in a way. The fact that lending is just gotten tighter is hurting used car dealers and overall sales all across the country. Santander, a huge subprime consumer lender, auto lender, they just had like a two billion dollar bond portfolio that they were going to sell to the market. And we're seeing that now impact us on the sale side. It's not that the demand is necessarily dry. But it's lending has gotten a lot tighter unless you have great credit or are putting a significant amount of money down.
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