Carvana CEO: Uncertain Future for Used Car Prices
Originally Published 2 years ago — by CNBC
Carvana CEO Ernie Garcia acknowledges that used car prices are currently too high and it's difficult to predict when they will come down. The company has been working to cut costs and make vehicles more affordable for customers, but external factors such as supply chain disruptions and interest rates are beyond their control. Despite the challenges, Carvana has managed to reduce expenses and improve the car buying experience. The company's shares have seen a significant increase this year.