Looking to buy a used car? Wondering which dealership to visit? Look no further! Here are the top 10 retailers ranked by used-retail vehicle sales in 2020:
1. CarMax Inc. With a whopping 832,640 used retail units sold, CarMax is the clear leader in the used car market. Known for their no-haggle pricing and extensive inventory, CarMax has nearly 200 locations across the United States.
2. Carvana is an online-only dealership that allows customers to buy and sell cars entirely online. Despite only having 2 physical locations, they managed to sell 244,111 used retail units in 2020.
3. AutoNation Inc. With over 300 locations, AutoNation Inc. is a major player in the automotive industry. In 2020, they sold 241,182 used retail units.
4. Penske Automotive Group sold 39,540 used retail units in 2020 through their used car division, CarSense. With over 40 locations in the Northeastern United States, CarSense offers a wide variety of makes and models.
5. Sonic Automotive Inc. In addition to selling new cars, Sonic Automotive Inc. sold 34,208 used retail units in 2020. With over 75 locations across the United States, they offer a “one price” model for all of their used vehicles.
6. Lithia Motors Inc. sold 33,530 used retail units in 2020 across their 195 locations. In addition to selling used cars, they also offer financing, service, and parts for a variety of makes and models.
7. Asbury Automotive Group Inc. sold 32,642 used retail units in 2020. They have over 90 locations in the United States and offer an “e-price” guarantee on all of their used vehicles.
8. Sonic Automotive Inc. (EchoPark) offers a no-haggle, online-only option called EchoPark. They sold 31,324 used retail units in 2020.
9. Penske Automotive Group also sells used cars under the name “Penske Preferred.” They sold 26,559 used retail units in 2020.
10. Group 1 Automotive Inc. sold 24,097 used retail units in 2020 across their 140 locations. They offer a wide variety of makes and models, as well as financing and service options.
With so many options out there, you’re sure to find the perfect dealership for your used car needs. Whether you prefer to shop in person or online, these top 10 retailers have got you covered.
Introduction: Looking for the top used car dealership in 2020?
As a car enthusiast, I’m always on the lookout for the best dealerships to purchase from. And when it comes to used cars, there are a plethora of options to choose from. But which dealership sells the most used cars? After conducting some research, I discovered that CarMax Inc, Carvana, and AutoNation Inc, have topped the charts with the most used car sales in 2020. In this article, we’ll take a closer look at these dealerships, their sales figures, and what sets them apart from the rest.
CarMax Inc: A leader in the used car market with 832,640 units sold in 2020
CarMax Inc is a household name when it comes to buying used cars. And with good reason, as the company sold over 832,640 used retail units in 2020. With over 225 locations across the United States, CarMax offers an extensive inventory of US and foreign made vehicles at competitive prices. They also pride themselves on their 125-point inspection process and their exceptional customer service.
Key point: CarMax’s large selection, competitive pricing, and thorough inspection process make them a top contender in the used car market.
Carvana: A rising star with 244,111 used car sales in 2020
Carvana is a relatively new player in the used car game, but they’re quickly making a name for themselves. In 2020, they sold over 244,111 used cars, making them the second-largest used car retailer in the United States. What sets Carvana apart from the rest is their online-only business model. Customers can peruse their inventory, receive financing, and even have their vehicle delivered right to their doorstep without ever leaving their home. To ensure customer satisfaction, each vehicle undergoes a 150-point inspection, and Carvana offers a 7-day money-back guarantee.
Key point: Carvana’s online-only business model and convenient delivery make them a popular choice for those who prefer to shop from home.
AutoNation Inc: Coming in close with 241,182 used car units sold in 2020
AutoNation Inc sold over 241,182 used retail units in 2020, making them a close competitor to Carvana. With over 300 locations in the United States, they offer customers an extensive inventory of used cars to choose from, including luxury brands like Audi and Porsche. Additionally, AutoNation Inc offers certified pre-owned vehicles that undergo a rigorous inspection process and come with a warranty.
Key point: AutoNation Inc’s offering of certified pre-owned vehicles and luxury brands sets them apart from other used car dealerships.
The rest of the top 10: Who made the list and how many used cars did they sell in 2020?
The following dealerships round out the top 10 in used retail vehicle sales for 2020:
- Penske Automotive Group – 209,929 units sold
- Group 1 Automotive – 152,276 units sold
- Sonic Automotive – 127,841 units sold
- Lithia Motors Inc. – 112,772 units sold
- Asbury Automotive Group – 102,703 units sold
- United Auto Group – 85,838 units sold
- Jeff Wyler Automotive Family – 61,215 units sold
- Kendall Auto Group – 45,126 units sold
While they may not have sold as many used cars as the top three dealerships, these companies have still managed to make a significant impact in the used car market.
Factors that contribute to a dealership’s success in selling used cars
So, what factors contribute to a dealership’s success in selling used cars? Inventory selection, pricing, and customer service are all important factors. Additionally, dealerships that offer financing, warranties, and certified pre-owned vehicles are more likely to attract customers. The buyer’s experience plays a crucial role in whether or not they will return to the dealership in the future.
Key point: Offering financing, warranties, and certified pre-owned vehicles can set a dealership apart from its competitors.
The importance of customer service and quality inventory in the used car market
When buying a used car, customers want to know that they’re getting a good deal and a reliable vehicle. That’s where quality customer service and inventory come into play. Dealerships that make the effort to ensure their customers are happy and satisfied with their purchase are more likely to receive positive reviews and return business. Additionally, offering a variety of makes and models, including luxury brands and hard-to-find vehicles, can attract a broader customer base.
Key point: Quality customer service and diverse inventory can help a dealership build a loyal customer base.
Conclusion: Choosing the right dealership for your next used car purchase
When it comes to buying a used car, choosing the right dealership is crucial. The top three dealerships for used car sales in 2020, CarMax Inc, Carvana, and AutoNation Inc, have each made a name for themselves in the industry. Regardless of which dealership you choose, it’s important to consider factors like inventory selection, pricing, customer service, and additional offerings like financing and warranties. A little research and time spent shopping around can make all the difference in ensuring a positive used car buying experience.