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Carvana's Vertical Integration of the Car Business
The different parts of the business are still so fragmented, or you know, like they're just disconnected. So if you have the scale to effectively have your own bank and F&I company, then that's a big plus for dealers. But it obviously takes a lot of money in order to provide that experience. And let's say Carvout this, like niche in their local market where they're differentiated in the minds of the consumer, has a hard time ever competing online.