The Collapse of the $10–20K Used Car and What The Industry Is Doing To Save It

If you’ve tried to buy a “cheap” used car lately and ended up wondering if you’d accidentally clicked “private jet,” this one’s for you. Today I’m joined by DriveItAway’s CEO, John Possumato and Voyager Global Mobility’s Director of Remarketing, Ray Maldonado, to talk about how shrinking used car inventory is squeezing both dealers and consumers and what’s actually being done about it.

We get into Voyager and DriveItAway’s new rent-to-own and direct-to-dealer programs, how cutting $1,200+ in wholesale friction can suddenly make 80–90K-mile units truly affordable, and why consignment is a lifeline for independents constrained by floorplan limits. Then we zoom in on used EVs: why mileage matters less than on a gas unit, how high mileage EVs can be incredible value if you know how to evaluate them, and why this is central to true transportation “enablement” for working families.

This isn’t just a Carvana play but a blueprint any dealer can execute. “You now have the knowledge!” Live long and prosper. 🖖