Carvana Shares 2020 On the net Car or truck Buying Insights and Developments in New Report

PHOENIX–(Enterprise WIRE)–Carvana (NYSE: CVNA), the next greatest utilised automobile retailer in the U.S. and leading e-commerce system for buying and offering applied cars and trucks, has introduced its 2nd yearly on line automobile purchasing report. Soon after an unprecedented 12 months that observed record e-commerce adoption throughout the board, Carvana examined hundreds of countless numbers of buys and millions of web page visits to discover insights that built on-line vehicle shopping for 1 of the best traits in the U.S. final 12 months. Hindsight is 20/20, as they say, so Carvana unpacked last year’s details to come across out what is driving purchasers into 2021.

“Car prospective buyers have been waiting for a safe and sound, transparent, and successful way to invest in cars online, and the functions of 2020 only helped accelerate the advancement that we ended up now creating,” reported Ernie Garcia, Carvana founder and CEO. “We’ve examined the data from additional than 244,000 buys very last year, exhibiting some exceptional trends in on the net car or truck shopping for, and how we’re positioned for far more and much more customers selecting to purchase their future vehicle on the net.”

Highlights from the 2020 report contain upticks in electric powered auto (EV) adoption and increasing demand from customers for Teslas in certain. On normal, Teslas sell just 37 times following acquisition—about fifty percent of the time of other motor vehicles in Carvana’s stock. The report also addresses past year’s most well-liked purchases, which include the Chevrolet Equinox, Honda Civic and Accord, Nissan Rogue, and the Ford F-150. On the full, on the net vehicle buyers are receiving speedier: a person Carvana vehicle was stay on the site for just one particular moment prior to the motor vehicle was locked for buy in comparison to the ordinary four hrs a person could devote at the dealership.

Further insights and the total 2020 On line Car or truck Customer Report can be observed at: little bit.ly/carbuyerreport

About Carvana (NYSE: CVNA)

Established in 2012 and primarily based in Phoenix, Carvana’s (NYSE: CVNA) mission is to change the way folks obtain autos. By eliminating the traditional dealership infrastructure and replacing it with technological innovation and excellent consumer service, Carvana offers customers an intuitive and practical on the web automobile obtaining and financing platform. Carvana.com enables people to swiftly and very easily shop much more than 20,000 autos, finance, trade-in or market their latest auto to Carvana, indicator contracts, and schedule as-soon-as-up coming-working day shipping or pickup at 1 of Carvana’s patented, automated Motor vehicle Vending Equipment.

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