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Both CarMax and Carvana are great platforms for buying and selling used cars, but which one is better? Here's a full overview to help you make your decision.
Edmunds.com Inc. (stylized as edmunds) is an American online resource for automotive inventory and information, including expert car reviews based on testing at the company's private facility. The company is headquartered in Santa Monica, California , and maintains an office in downtown Detroit , Michigan . [ 1 ]
Abuses akin to ballot stuffing of favourable reviews by the seller (known as incentivized reviews), or negative reviews by competitors, need to be policed by the review host site. Indeed, gathering fake reviews has become big business. [2] In 2012, for example, fake book reviews have been revealed as significantly affecting ratings on Amazon.
Consumer complaints against car dealerships are usually investigated by the Attorney General's office in the state where the dealership is located. In states where the DMV licenses and regulates car dealerships, the DMV may have responsibility for initially handling consumer complaints and the state AG's office becomes involved only when there ...
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Carvana, which has gotten frothy after skyrocketing from near-bankruptcy, fell 11% on the news. Hindenburg also pointed out that the stock trades at a much higher multiple than peers like CarMax ...
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Carvana had a gross revenue of $1.12 billion, up 13% for April–June 2020. [14] 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 ...