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For buyers, the site offers listings of new and used vehicles for sale from dealers and private sellers. [3] [16] It can search for cars through categories: make and model, price range, style, drive type (automatic or manual), engine type, color (exterior and interior), mileage and number of doors.
Users can search for specific cars in their local area and compare listings by price, features, and dealership reputation. [8] The company also offers a discussion platform for car enthusiasts and automotive experts, who submit questions, offer insight, gather and share information, and provide reviews.
Throughout that year Carvana sold 244,111 vehicles and posted annual revenue of $5.587 billion, making it the second largest online used-car retailer in the U.S. [15] As of November 2023, Carvana's as-soon-as-next-day delivery was available in 300+ markets nationwide. [16]
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In January 2011, TrueCar released ClearBook, a used vehicle index that analyzes the used car market in the same way TrueCar did for new cars. [13] [14] In May 2011, TrueCar acquired News Corp-backed Honk.com, a social car shopping platform. [15] In late 2011, TrueCar launched a television advertising campaign with commercials promoting its ...
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