Earnings
Q4 2024 marked CarShares’ second quarter following initial investments and preparation. The quarter began with a coolant hose issue which caused our first vehicle to go out of commission for repairs. The hose was replaced but shortly after a different coolant hose failed. This issue kept persisting with different components of the coolant system causing the vehicle to remain out of commission for the rest of the quarter.
Two new vehicles were purchased during this quarter, but similar issues did arise. The vehicles purchased were a Dodge Journey that was out of alignment- the alignment did not take so we replaced all of the rear suspension parts but have still been unable to keep it aligned. The other vehicle purchased was a Crysler Town & Country, but it has so far been unable to pass emissions.
With only $54 in gross revenue for Q4, CarShares saw a loss in value of $5,473.39. With an initial valuation (including new investments) of $15,938.20, and a current valuation of $10,464.81 this represents a loss of 34.3%. This loss is due to the current scale of our fund, where individual assets make up a large percentage of our portfolio. Our attempts at diversifying more quickly meant purchasing less expensive vehicles which has lead to a lot more downtime than expected. The next vehicles that we purchase will likely be based on reliability more than focusing on cost for diversity reasons.
Holdings
At the close of Q4 2024 our holdings included:
| Vehicles | ||||
| Year | Make | Model | Trim Level | Miles |
| 2012 | Chevrolet | Cruze | LT | 129000 |
| 2012 | Dodge | Journey | SXT HD | 113000 |
| 2012 | Crysler | Town & Country | Touring | 129000 |
| Cash in the Bank |
| $0.00 |