I just sold a 1 month old hyundai that I bought as a beater commuter to carvana for 3.5k over what I bought it from the dealer...(18k OTD, drove it for work for a month and put 3k miles on it, then sold it to Carvana for 21.5k)
this is some zillow level scary sh!t for whoever has stocks in these online autodealers, as it can't sustain itself long term and just that (less qualified) people can get auto loans easier (especially those high rates that these online dealers now offer) nowadays and just as easy as they got those loans, they'll easily not pay them once the market turns
I'm about to go back to the local dealer to buy another hyundai as a beater and see if this used car market will keep being idiotic