Cazoo’s market cap was $7 billion, which has now decreased 96% to $240 million. Carlotz’s market cap was $1.2 billion and now it is $30 million (96% decline). Shift’s peak market cap was $850 million, it is now $43 million (95% decline).
Vroom’s peak market cap declined by 98% from $8.2 billion to now $142 million. Carvana’s peak market cap was $65 billion it is now less than $3 billion (95% decline). However, no other sector with the new-age disruptive approach for a category saw as much decline as the so-called new-age used car dealerships or retailers. These companies are also down substantially in value due to weak capital markets. Then there are other new-age market leaders such as Uber for ride-sharing, Airbnb for lodging, Netflix for OTT, PayPal for Fintech, and DoorDash for food delivery. However, in the last 10-15 months, market capitalisations of Carvana, Vroom, Shift, Carlotz, and Cazoo have declined by 90% to 98%.Īt the same time, while Apple, Microsoft, Google, and Amazon are down substantially due to a very weak capital market, the decline in their value is only 30% on the low side and 45% on the higher end.
What is common among Carvana, Vroom, Shift, Carlotz, Cazoo, and Auto1? They all are automobile dealerships that have come up in the last 10-12 years and called themselves new-age car dealerships or retailers who were supposed to disrupt the used automobile retailing for the 21st century.
0 kommentar(er)
