Amazon plans to enter the used car market

Amazon is planning to enter the used car market. Fan Jin, director of Amazon Autos, announced that the company will soon offer used cars for sale. Currently, Amazon has started selling new Hyundais on its platform. Amazon Autos is available in 68 markets, and the company aims to onboard as many dealerships as possible. This will allow dealers to sell both new and used vehicles through the Amazon platform. The goal is to create a system more like Carvana, where customers can complete their car transactions entirely online. Jin explained that Amazon wants to provide a fully e-commerce experience for car buying. Customers will have the option to shop online but can also visit a dealership to see the cars in person before making a purchase. In addition to selling cars, Amazon is considering offering add-ons like extended warranties and maintenance packages. The company’s move into the car market could make purchasing vehicles more convenient for buyers. Many shoppers dislike the traditional dealership experience, so an online option like this might be a welcome change.