Houston Crosta
π€ SpeakerAppearances Over Time
Podcast Appearances
Right?
Like, I don't know.
My point is, I don't see how anybody in this industry that's holding crazy inventory is staying afloat right now, unless they're going into massive debt or they have other sources of income.
Correct.
And not only that, you have like recurring costs, right?
Like your rent stays the same or your mortgage stays the same.
Your insurance stays the same.
Your power bill stays the same.
So that's depreciating your fleet at all times, right?
Because ultimately you have X number of cars to sell.
X potential profit, right?
And so your overhead consistently is taking away from your profit every single day.
And so the more days you don't sell cars, the more days you lose all of your potential money.
And then if the market shifts, we haven't even talked about that part.
What if the market shifts 10%?
Now you have no profit in the cars.
Now you're just eating up all of your money.
I don't know, man.
The car business is wild.
During the pandemic, there was a lot of big dealerships that went bankrupt.