Carvana Hits Milestone

By Staff Writer October 07, 2024

Carvana announced that as of Q3 2024, it has sold more than 2 million cars to and purchased more than 2 million cars from customers since the company’s founding in 2013. In celebration, Carvana shared a report with insights from its first 4 million cars bought and sold.

“Carvana’s mission has always been to change the way people buy and sell cars, and we are honored to have delivered on that goal for millions of customers and counting,” said Ernie Garcia, Carvana founder and CEO.

When Carvana launched in 2013, e-commerce was virtually non-existent in the used car market. Just years later, the company’s customer-centric, technology-driven model came to define the e-commerce category and rapid customer adoption made Carvana the fastest-growing automotive retailer in history.

Carvana sold its 1 millionth car in Q4 2021 after about 9 years in operation. From there, it took just over 2.5 years for the company to sell its 2 millionth car in Q3 2024.

Carvana’s pace in buying cars from customers accelerated even faster when it started ramping up this offering in 2018. The company bought its 1 millionth customer car in Q1 2022 and reached its 2 millionth just over 2 years later in Q2 2024.

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Last modified on Friday, 11 October 2024 10:40