Retailers vie for squeezed used-vehicle supply
Carvana sources around 80% of its retail sales from consumers
Used-vehicle supply is constrained, creating a competitive market for dealers and retailers looking to acquire used cars directly from consumers. Car Pros Automotive Group relies on lease returns as the main source of its used-vehicle inventory, which represents 30% of the franchise dealership’s sales, President and Chief Operating Officer Juan Alarcon told Auto Finance News. […]
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