Carvana CoCarvana is testing a new-vehicle sales model that could expand its revenue base beyond used cars.
Carvana is testing a new-vehicle retail model in Dallas that keeps every purchase online, using franchised dealerships as test-drive centers and service locations rather than traditional sales floors. The company has expanded to seven Stellantis franchised dealerships and plans to grow its new-vehicle business while supporting used-vehicle trade-ins. Carvana currently offers roughly 3,000 new vehicles nationwide compared with more than 60,000 used vehicles. The firm is refining inventory selection and customer experience before deciding whether to expand the Dallas concept.
Carvana CoCarvana is testing a new-vehicle sales model that could expand its revenue base beyond used cars.
Caesars Entertainment Corporation
Stellantis NVStellantis franchised dealerships are used as test-drive and service centers, potentially increasing vehicle sales.