Thursday , February 27 2020
Garcia brings lofty Carvana goals to World Congress

Garcia brings lofty Carvana goals to World Congress

Carvana CEO Ernie Garcia notes the used-vehicle market is large enough to go around. Roughly 40 million vehicles are sold annually, and the largest player, CarMax, has 2 percent market share. Still, Carvana wants to climb the ranks — Garcia’s goal is to sell 2 million used vehicles annually — up from a likely number of 175,000 in 2019.

Garcia could share more on his strategy for getting there when he joins a roster of industry leaders headlining the Automotive News World Congress March 24-25.



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