George Arison
๐ค SpeakerAppearances Over Time
Podcast Appearances
So that was about a year and two quarters ago.
I don't think I can get that answer, but it's way more than we need to finance where the business is today.
Because one of the crucial things you're kind of managing for in this industry is time to sell.
Because you have a depreciating asset, right?
And so you don't actually want to have too much inventory on hand at any given time because you want to move your inventory quickly.
Um, it varies, uh, between low and 30 days, high end 55 days.
Okay.
It depends on the type of inventory we're dealing with.
The more expensive cars take longer to sell.
Yeah.
Um, versus the cheaper cars, value cars, actually.
Um, I don't know what Carvan is right now, but when, when they went public, I think it was 120 days.
Oh, wow.
It was definitely, definitely shorter than their IPO.
Cause I think it's unfair to compare us to them now.
Cause they've just had, you know, hundreds of millions of dollars of marketing since then.
Uh, and so it's like,
what that timeline might be now is very different.
But at IPO time, I think it's a fair comparison.
Yeah, we were planning on going out in the next month or so, basically, to start the funding process.