April 22, 2019 | by DAVID MULLER | Autonews.com
Even as used-vehicle sales and revenue are on the rise, dealers are facing increased competition.
The industry's most prominent new competitor in the used-vehicle market, online startup Carvana, debuts at No. 8 on Automotive News' list of the top 100 retailers based in the U.S. ranked by used-vehicle retail sales. Carvana retailed 94,108 vehicles in 2018, more than double what it sold the year before. The company was not on the 2017 list.
Since it went public nearly two years ago, Carvana has... Read more