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January 20, 2021
Why is the online used-car site Carvana so popular? What explains its explosive growth since its launch in 2013? The company sold 2,105 cars in 2014 and grew that figure an incredible 84 times to 177,549 cars last year. That’s an average annualized growth rate of 143% for five years. Carvana is successful because consumers realized that...
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