Consumer Tips

E-commerce explosion impacts 2020 car buying trends

Highlights from the 2020 report include upticks in electric vehicle (EV) adoption and growing demand for Teslas in particular. On average, Teslas sell just 37 days after acquisition—about half of the time of other vehicles in Carvana’s inventory.

Should you use your tax refund to buy a car?

According to the market research firm Harris Interactive, one in three vehicle owners plan to spend some or all of their tax refund checks on their car, truck or SUV, and nearly a quarter of them will be trading in their current vehicles for a new or used car.

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