Carvana expands into new vehicle sales, potentially disrupting traditional auto dealership model
By
Michael Wayland
Summary
Carvana, a major used car retailer, is expanding into new vehicle sales by quietly purchasing seven new vehicle franchises since last year, primarily selling Stellantis brands (Chrysler, Dodge, Jeep, Ram). One Arizona store has become Stellantis' largest volume store in the U.S. Dealers and industry experts believe this move could significantly disrupt or reshape the century-old franchised dealer system for new vehicles.
Source
bskyCarvana expands into new vehicle sales, potentially disrupting traditional auto dealership modelcnb.cxKey quotes
· 3 pulledCarvana entering the new vehicle franchise business may be one of the most disruptive moves in the automotive retail industry in decades.
The company has quietly purchased seven new vehicle franchises since last year that primarily sell Stellantis' Chrysler, Dodge, Jeep and Ram brands.
Dealers and industry experts said they believe the move could significantly disrupt, if not reshape, the century-old new vehicle franchised dealer system.
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