CEO Craig Smith and CTO Cole Smith, co-founders and brothers, know they are going up against established players like Carvana, CarMax, Autotrader or CarGurus. In a way, that helps, they said. “These ...
As a result, Mello said, “Nissan inventory is just piling up on dealership lots, with an average day supply just over 80.” This compared to other companies, including General Motors (GM) and Honda, ...
The quarter marked a turning point for Carvana, with a substantial rise in retail units sold, amounting to 108,651 units -- a 34% year-over-year increase. Total revenue reached $3.655 billion, a leap ...
The reason why is that the CarMax dealership has to make a profit when it sells your car at an auction or to another party. Buying a car from CarMax is a relatively straightforward process.