Online Car Buying Trends

AutoInformed.com on Carvana Equity to pay debt Stock Offering - May 2019

Carvana vehicle vending machine.

Carvana, the auto retailer in the U.S. and an e-commerce platform for buying and selling used cars, has released an online car buying analysis. Based on a claimed tens of thousands of purchases and millions of site visits, it’s a look at online car shoppers during 2019.

In the report, some comparisons can be drawn between the traditional car shopper and the online car shopper:

  • Sedans, as an example, were popular with online car buyers in 2019, as well as with Millennials.
  • Online car buyers are also fast. One vehicle on Carvana was live on the site for just 9 minutes before a customer completed the purchase process. This compares to the average three hours one may spend at the dealership.

“We’ve amassed a wealth of data from the 177,549 cars we sold online in 2019, providing valuable insights for our industry-first report of online car buying,” said Ernie Garcia, Carvana founder and CEO.

More at Trend Setter: See what made car buyers tick in 2019  

 

About Ken Zino

Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
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