The News Media of the Pre-Owned Industry
Carvana CEO Ernie Garcia during a panel discussion at the IARA 2022 Summer Roundtable. Photo courtesy of IARA.
Just like it had for the past nine years, Carvana entered 2022 positioned for growth.
But supply chain issues and a historic rise in interest rates resulted in a dramatic used-vehicle affordability issue.
Those and other factors helped lead to ...