Carvana slides on wider-than-expected loss as used car demand shrinks
The used-car retailer said retail units sold in the quarter declined 8% to 102,570 and it expects a further fall in the current quarter.
In a letter to shareholders, Carvana said the monthly payment for a customer buying a typical car has jumped 22% in 2022 from last year, significantly outpacing the soaring cost of living.
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