1047 ET - Amazon's planned used-car business would likely be more of a threat to third-party listing sites like CarGurus than online marketplace Carvana, Bank of America analysts Michael McGovern and Justin Post say in a report. Amazon Autos, which lets customers browse and buy new Hyundai vehicles, is adding used cars to its repertoire soon, General Manager Fan Jin said on a podcast this week. Amazon's expansion could help drive consumer interest in buying vehicles online. Amazon's model is closer to third-party platforms, while Carvana's broader selection beyond Hyundai models gives it a competitive edge, the analysts say. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 10:47 ET (14:47 GMT)
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