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SVTPerformance's Chain of Restaurants
Road Side Pub
Carvana Update - Sold my truck
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<blockquote data-quote="thomas91169" data-source="post: 16599584" data-attributes="member: 40530"><p>Eh I definitely see them as a dying breed with maybe 2-3 decades max. Couple things working against them:</p><p> - Millennials and GenZ are big on instant gratification and little on ackward/difficult conversations, so negotiating/haggling is a no-go for them. Gen X and older millennials are the last base that wants to deal with a dealership. The gen that comes next is going to be even less-so interested in this exchange.</p><p> - Less are going to be purchasing vehicles due to the rise of ridesharing and rising costs of ownership. I don't see personal ownership sticking around once EV's become the norm and especially if a few companies produce a time-lease model (IE pay $X amount for X number of miles, touch a button and a car shows up minutes later on autopilot and takes you where you need to go). </p><p> - Rise and popularity of direct manufacturer to buyer model (ie Tesla), wysiwyg pricing model, no bs markups or tactics, etc.</p><p> - If they start taxing people per mile (See Buttigieg's latest), expect people to really shun away from personal ownership (alternatively, the rise of older beaters where a simple disconnect of a particular sensor will stop it from accruing mileage).</p><p> - I'm sure big name/big brand dealers will be around because it will also be able to leverage repairs/rentals, but your local used-car lot is going to go bye-bye as the Carvana's of the world take that place (see direct video streaming vs blockbuster).</p></blockquote><p></p>
[QUOTE="thomas91169, post: 16599584, member: 40530"] Eh I definitely see them as a dying breed with maybe 2-3 decades max. Couple things working against them: - Millennials and GenZ are big on instant gratification and little on ackward/difficult conversations, so negotiating/haggling is a no-go for them. Gen X and older millennials are the last base that wants to deal with a dealership. The gen that comes next is going to be even less-so interested in this exchange. - Less are going to be purchasing vehicles due to the rise of ridesharing and rising costs of ownership. I don't see personal ownership sticking around once EV's become the norm and especially if a few companies produce a time-lease model (IE pay $X amount for X number of miles, touch a button and a car shows up minutes later on autopilot and takes you where you need to go). - Rise and popularity of direct manufacturer to buyer model (ie Tesla), wysiwyg pricing model, no bs markups or tactics, etc. - If they start taxing people per mile (See Buttigieg's latest), expect people to really shun away from personal ownership (alternatively, the rise of older beaters where a simple disconnect of a particular sensor will stop it from accruing mileage). - I'm sure big name/big brand dealers will be around because it will also be able to leverage repairs/rentals, but your local used-car lot is going to go bye-bye as the Carvana's of the world take that place (see direct video streaming vs blockbuster). [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Carvana Update - Sold my truck
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