Once touted as the Amazon of used cars, online retailer Carvana seems to be nearing the end of its formerly successful existence. With an abundance of inventory, rising interest rates, and record losses, Wall Street analysts are saying Carvana’s collapse may be imminent. Regardless of Carvana’s fate, online car buying is now a facet of the automotive landscape. From a consumer perspective, Carvana provided a largely painless experience thanks to its price transparency and maximum transaction efficiency, excelling at the two facets that consumer data shows as common friction points in the car buying or selling process. Read original article here.
