Carvana Crashes Used-Vehicle Dealer Rankings
Carvana broke into the top 10 in its first appearance on Automotive News’ list of the nation's Top 100 Used Retailers, more than doubling its output to more than 94,000 units and outpacing the Asbury, Larry H. Miller, and Ken Garff groups.
Carvana debuted at No. 8 on Automotive News’ latest rankings of America’s largest-volume used-vehicle retailers.
Photo by zombieite via Flickr
(Bobit) — Digital disruptor Carvana was the nation’s eighth-largest seller of pre-owned vehicles in 2018, according to Automotive News’ latest rankings of the Top 100 Used Retailers. The company sold 94,108 used cars and trucks last year, more than twice its 2017 output, following an aggressive growth plan that put Carvana in 85 markets by the end of the year and another 30 so far in 2019.
CarMax remains No. 1 by a mile, moving 721,512 units in 2018, a 7% increase, well ahead of No. 2 Penske (282,500) and No. 3 AutoNation (237,722). Carvana’s debut knocked Ken Garff Automotive Group off the top 10 list, which was otherwise largely unchanged from 2017:
CarMax
Penske Automotive Group
AutoNation
Lithia Motors (No. 5 in 2017)
Group 1 Automotive (No. 4 in 2017)
Sonic Automotive
Hendrick Automotive Group
Carvana
Asbury Automotive Group (No. 8 in 2017)
Larry H. Miller Dealerships (No. 9 in 2017)
Other big year-over-year gainers include Chapman Automotive Group, which climbed 15 spots to No. 18, and Feldman Automotive Group, which debuted at No. 79. Falling down the rankings were Tuttle-Click Automotive Group (down 17 spots to No. 100), McCombs Automotive (down 12 to No. 67), and Bergstrom Automotive, Russ Darrow Group, and Mac Haik Auto Group (down 11 spots apiece).
Total pre-owned sales among the top 100 grew 9.7% to 3.4 million units, and that group’s share of the total used-vehicle market improved to 8.6% from 7.8% in 2017.
To read the full Automotive News report, click here.
Originally posted on Auto Dealer Today
More Industry
Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →