Insider Intelligence: Carvana Now Among Top 10 US Retailers by Ecommerce Sales
Hi Carey​, In its latest retail ranking forecast, Insider Intelligence (formerly eMarketer) is including Carvana for the first time. The online-only car dealer is now the eighth largest US retailer in terms of ecommerce sales, having surged past several more established retailers in recent years. Please see below for the full press release. Let me know if you wish to interview an analyst directly. Please note: this email has also been sent to your colleagues at Auto Channel, The​​​​. Best, Douglas Clark Global Director of Public Relations +1 (646) 863-8807 dclark@insiderintelligence.com (mailto:dclark@insiderintelligence.com) https://u7061146.ct.sendgrid.net/ls/click?upn=LHDupLGQbJrIBf0glmWFG9QBjSe3t8xd6NI4sYeEvJNwv9RAi5RqFlck0gPqCSj8OzDxrl2HrKQur055kA0VPDl-2FlQmHqeD-2FXUZKxJkuqeiUQJkjjDLDSjNewDFNfqQ8CQYukgNnGpH2OVHsOU6cyxCqD0uw3vuI0f1exHJWVNxkhl-2BgtcYKcXSbJxhgRIhmn-yl_kfytytOqXJMoRhb2oyNeM-2FcljueGrqKFILtw-2BUtBDCZc-2B7jSduJFzsW9AulIlN6LstdX7xxdwiKAV3YjflfpWVtB9AlUqjfyCQaePlCEPpBlyCJVadzRLEhPLdcGzv0bzc2lIKrD7BYFUsIohqj1AOQr5E3HSOxKGMrGnOHJXhDo-2Bveovf5BfWrMXsfvDqpvs9iFlJWOyspxcLt3tn1568usdbWUzXIP4rs0CKCqPUFns0QCZH-2BlROLJ2aW5AVmbXspDIPiTCQKXV-2Fp9aEES-2BY8SqXCKeVCsvRekpLhSq-2FwnDeB5GmHbLwa43N1B-2B3hm2FPEJY0SAssN5XNjScQ9IhJhYNIsKvOrQQyx1-2FCwlJU-3D (https://u7061146.ct.sendgrid.net/ls/click?upn=4tNED-2FM8iDZJQyQ53jATURVab3pVaqK23Td8WxqRj-2BSGpXYUVy0w13DvOAhFZPJlGJ3H_kfytytOqXJMoRhb2oyNeM-2FcljueGrqKFILtw-2BUtBDCZc-2B7jSduJFzsW9AulIlN6LstdX7xxdwiKAV3YjflfpWVtB9AlUqjfyCQaePlCEPpBlyCJVadzRLEhPLdcGzv0bzc2lIKrD7BYFUsIohqj1AOQr5E3HSOxKGMrGnOHJXhDo-2Bveovf5BfWrMXsfvDqpvs9iFlJWOyspxcLt3tn1568Xbp7f1d8-2FjLChmeeHc3cTsQ1DoEm5B5Ccdk9C-2BE5Lfe0gQxbhkxH9KOSdzD7Ezo1yfiwQKjMKZdxfGozvAWNetzMOTY6voBl2SMRxlZq53fMYDWdRZeu5vrEg20DlWta-2BlFGPPNCM1B1PEsgq8S0k-3D InsiderIntelligence_Black.png ------------------------------------------------------------ Carvana Now Among Top 10 US Retailers by Ecommerce Sales Carvana is America’s fastest-growing e-tailer February 23, 2022 (New York, NY) – Americans have taken to buying cars online, so much so that ecommerce car dealer Carvana is now among the top 10 US retailers by ecommerce sales. This year, it will become the seventh largest US retailer by online sales, surging past established retailers like Best Buy, Costco Wholesale, and Wayfair, according to the latest retail forecast from Insider Intelligence (formerly eMarketer). 273094.jpg By the end of 2022, Carvana will reach $19.11 billion in online sales, up 50.0% over last year. That puts its share of US ecommerce sales at 1.8%. The company experienced meteoric growth during the pandemic, as consumers shied away from visiting car dealerships in person. “Carvana did a great job of making consumers feel more comfortable about buying a car online,�?? said Whitney Birdsall, forecasting analyst at Insider Intelligence. “It lowered buyers’ risk of purchase by offering a money-back guarantee and a seven-day return policy. It also offered the convenience of getting the car delivered or collecting it from a car vending machine. Also, because Carvana only sells used cars, it benefited from the semiconductor chip shortage that affected new car dealers.�?? 273095.jpg Carvana’s gain in ecommerce share comes at the expense of older retailers. In 2021, it displaced Wayfair, whose sales declined 4.6%. Wayfair was hit hard last year with supply chain and inflation issues, but its growth will rebound this year. In 2022, Carvana will surpass Best Buy, Costco Wholesale, and The Kroger Co. in sales and remain competitive in terms of ecommerce share. eMarketer-us-auto-parts-retail-ecommerce-sales-2020-2026-billions-of-us-retail-ecommerce-sales-273093.jpeg Looking more broadly at the US car market, just 5.2% of auto and parts sales will come from ecommerce, or $86.26 billion in 2022. But we expect Carvana to make up 22.2% of the entire US auto and parts ecommerce category this year. 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