Carvana Expands into New Vehicle Sales
Online used car retailer Carvana has expanded its operations to include the sale of new vehicles. The company has acquired seven new vehicle franchises since last year. These franchises primarily focus on selling brands from Stellantis, including Chrysler, Dodge, Jeep, and Ram.
Carvana, known for its online platform for buying and selling used cars, has announced an expansion into the new vehicle market.
Since last year, Carvana has acquired seven new vehicle franchises. These acquired dealerships primarily retail vehicles from Stellantis's portfolio of brands.
The brands featured in these new franchises include Chrysler, Dodge, Jeep, and Ram. This move marks a significant shift for Carvana, diversifying its business model beyond its established used car sales platform.
According to CNBC Business, this expansion could have implications for the U.S. automotive retail market.
