- First Name
- ¬Harry
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- Sep 21, 2022
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- Location
- The South East
- Vehicle(s)
- 2006 Dodge Dakota Club Cab V8 4x2
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- 2.0L EcoBoost
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- #1
OffLeaseOnly, a major player in used cars, appears to be in the process of shutting down after 23 years of business. The company owns 5 dealerships in South Florida that holds 1500 vehicles in their inventory. If you visit their website, their banner states, "Off Lease Only is closed to the public. We apologize for any inconvenience...."
Below is a leaked internal memo outlining their situation. They cite rising car prices and interest rates as causes of their failure, but a source claims the new owner gambled on their inventory and lost too many times. It is too early to say whether or not this is the start of a larger trend, but it speaks to the overall increasing volatility of the car market.
Source: https://twitter.com/GuyDealership
Below is a leaked internal memo outlining their situation. They cite rising car prices and interest rates as causes of their failure, but a source claims the new owner gambled on their inventory and lost too many times. It is too early to say whether or not this is the start of a larger trend, but it speaks to the overall increasing volatility of the car market.
Source: https://twitter.com/GuyDealership
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