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.
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.
Each policy is different, but most service contracts do not cover all repairs. Repairs for brakes, clutches, and other common parts that can be repaired during routine car maintenance may not be in the service contract.