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
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Selling to Grow
The question of whether you should sell your agency and if so, when, is up to you. But it’s a question worth asking to ensure you keep the business on the right path for yourself, employees and clients.
Read More →
Recalled Vehicles Hit 5-Year High
Though the number of events has fallen so far this year, impacted units are up significantly. Meanwhile, regulators consider consumer notification changes.
Read More →
Auto Group Acquires Top-Performing Rooftop
Car Pros sold its Kia Huntington Beach location to Sutherlin Automotive Group, marking the buyer’s third location in Southern California.
Read More →
China as Pacesetter
Automotive leaders huddled on where North America stands in the global picture and how it can strengthen its position against the Asian juggernaut’s surging industry.
Read More →
BMW Concept Car Makes Fuel to Burn
The prototype developed in concert with a South Carolina university engineering team generates more solar energy than it uses in a typical daily commute.
Read More →
South Carolina Auto Group Downsizes
Florida-based group Holler-Classic has acquired four rooftops, its first in South Carolina, from Dick Smith Automotive Group.
Read More →