![]() On the other hand, Facebook and Craigslist don’t manage transactions made on their sites. Their sites are company managed and guarantee all products and services. These experiences are mitigated with companies like Carvana and Vroom. People have been using peer-to-peer (P2P) marketplaces for a long time and are familiar with the scams, safety risks, lack of information, misinformation, ghosting, and other unprofessional activities that sometimes happen. Another option is to search listings posted online by car dealerships, such as Carvana or Vroom. They can also visit auctions or use peer-to-peer marketplaces like Craigslist and Facebook Marketplace. ![]() In 2022, the used car dealers industry is expected to grow by 4.7 percent and experience a CAGR of 5.5 percent until 2027.īesides car dealerships, people find used cars by searching classifieds for private sellers, using a car broker, car concierge, or a car subscription service. This is a stronger growth rate than the overall economy. The market size of the used car dealers industry reached $160.4 billion in 2021 after experiencing a compound annual growth rate (CAGR) of 3.2 percent since 2017. Now with the new car shortage, there’ve been increased sales and increased prices for used cars. The high demand was fueled by excess cash flow after pandemic-related travel restrictions. ![]() There’s a shortage of new cars fueled by an undersupply of microchips, coupled with high consumer demand for cars. ![]() But the market has encountered a big issue as of late. In a battle between the two, Carvana vs car dealerships: which should you pick?įor generations, standard car dealerships have been the go-to solution for customers wanting a car, new or used. The decision involves both local in-person car dealerships and online-only car dealerships like Carvana. There’s a comparison any prospective car owner should consider today. ![]()
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