Carvana Makes Shift Into New Car Business

Used-car giant Carvana is reportedly making a push into the new vehicle market. As The Wall Street Journal (WSJ) reported Monday (May 18), the company has acquired a network of seven Stellantis dealerships, a move that the report said is disrupting traditional sales models while alarming established franchise owners. This expansion began with a pilot earlier this year when Carvana purchased a dealership in Casa Grande, Arizona.