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Carvana Co. is an online used car retailer based in Tempe, Arizona. [2] As the fastest growing online used car dealer in the United States, it is known for its glass tower "car vending machines". [3][4][5] Carvana was named to the 2021 Fortune 500 list, one of the youngest companies to be added to the list. [6]
While CarMax is seen as the nation's largest used-car retailer, it has competition. With a significant shift in customer shopping habits, more online-only companies have worked to capture Carmax's share in the used vehicle market. CarMax unveiled an Omni-channel platform to allow customers to buy a car online, in-store, or any combination of these.
Constellation Automotive Group is a used vehicle marketplace. It was founded in the United Kingdom in 1946, as Southern Counties Car Auctions, and was a publicly traded company, BCA Marketplace, when acquired and taken private by TDR Capital in November 2019. TDR rebranded it to the current name in October 2020.
According to a separate, older iSeeCars.com used car affordability report, average used car prices are up 47.7% since 2019 and market share has dwindled from 49.3% to 12.4%.
In January 2011, TrueCar released ClearBook, a used vehicle index that analyzes the used car market in the same way TrueCar did for new cars. [13] [14] In May 2011, TrueCar acquired News Corp-backed Honk.com, a social car shopping platform. [15] In late 2011, TrueCar launched a television advertising campaign with commercials promoting its ...
If you’re looking for trends, it’s easy to see that, with the exception of the Toyota Highlander Hybrid and the Acura RDX, the cars on the top half of the list are all less expensive, going ...