Lifestyle

The father-son billionaires behind online used-car seller Carvana saw their fortunes soar $5 billion in a day as the company projects record profits

Ernie Garcia II and Ernest Garcia III, the father-son team behind online used-vehicle sales platform Carvana, saw $US5 billion added to their net worths on Tuesday as the company posted record profits. The coronavirus pandemic put used cars in high demand as Americans seek to avoid public transit, Piper Sandler […]
The father-son billionaires behind online used-car seller Carvana saw their fortunes soar $5 billion in a day as the company projects record profits
News

The pandemic is changing how people buy cars forever as dealerships post virtual tours on YouTube and bring cars to customers’ homes to test drive

With foot traffic to dealerships basically nonexistent, dealerships and automakers are figuring out how to adapt in a post-pandemic world, reports the Wall Street Journal. Many are pivoting toward virtual walkthroughs and tours. Automakers such as Mercedes-Benz are questioning the need for big retail spaces. Visit Business Insider’s homepage for […]
The pandemic is changing how people buy cars forever as dealerships post virtual tours on YouTube and bring cars to customers’ homes to test drive
News

The coronavirus pandemic is forcing car dealers to change the way they sell and deliver vehicles. But not everybody knows how to do it successfully.

The COVID-19 has forced car dealers to radically alter their business models in a matter of weeks. With showrooms shut down and both customers and employees worried about safety, dealerships have embraced online sales, digital financing, and touchless deliveries in ways that they had resisted for years. Going back to […]
The coronavirus pandemic is forcing car dealers to change the way they sell and deliver vehicles. But not everybody knows how to do it successfully.