India, June 16 -- Carvana, the online retailer that revolutionized the used-car market, is making a bold move into new vehicle sales by acquiring seven franchised dealerships. Experts in the industry suggest this could significantly change the traditional auto retail landscape in the U.S.
Since last year, Carvana has welcomed seven dealerships that mainly sell Chrysler, Dodge, Jeep, and Ram vehicles from Stellantis. Notably, one of these locations in Casa Grande,
Arizona, has quickly become Stellantis' highest-volume dealership in the country, selling over 700 new vehicles in just one monthin impressive jump from the usual 30 to 50 monthly sales prior to the acquisition.
This expansion allows Carvana access to the profitable new-vehicle ...