Carvana Report Highlights How Customers Search for EVs
October 22 2024 - 7:00AM
Business Wire
Shoppers Dive into Features and Specs as EV
Interest Increases and Selection Grows
Carvana (NYSE: CVNA), an industry pioneer for buying and selling
used cars online, today released its EV Trends Report for Q3 2024.
The report focuses on consumer search behavior, showcasing the
increasing interest in electric vehicles (EVs) and evolving
preferences among shoppers.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241022435624/en/
Carvana's Q3 EV Trends Report (Graphic:
Business Wire)
Key findings from the report1 include:
- The EV share of make-model searches on Carvana.com has grown in
every quarter of 2024. Additionally, EV share of vehicle page views
grew by 226% year-over-year in Q3 2024, reflecting an ongoing shift
in shopper interests.
- EV shoppers indicate a preference for luxury features like
heated steering wheels and technology-forward features such as
adaptive cruise control and Apple CarPlay.
- Typical ranges for search filters used by both EV and internal
combustion engine (ICE) customers suggest that EV shoppers prefer
lower mileage and newer model years but are open to a higher price
range to accommodate this preference.
"At Carvana, we cater to a wide range of customers with varied
preferences, including those who enjoy cross-shopping different
fuel types," said Ernie Garcia, Carvana founder and CEO. "We are
committed to providing what our customers are looking for by making
strategic investments that enable them to understand and
confidently purchase EVs as simply and seamlessly as they would any
other vehicle from us.”
The full report provides additional analysis and information.
For details on shopping for a used EV and to easily browse the
hundreds of EVs on Carvana.com, please visit our guide to buying a
used EV.
About Carvana
Carvana’s mission is to change the way people buy and sell cars.
Over the past decade, Carvana has revolutionized automotive retail
and delighted millions of customers with an offering that is fun,
fast, and fair. With Carvana, customers can choose from tens of
thousands of vehicles, get financing, trade-in, and complete a
purchase entirely online with the convenience of home delivery or
local pick up in over 300 U.S. markets. Carvana’s vertically
integrated platform is powered by its passionate team, unique
national infrastructure, and purpose-built technology. Carvana is a
Fortune 500 company and is proud to be recognized by Forbes as one
of America’s Best Employers.
For more information, please visit www.carvana.com.
_______________________________ 1 Data
included in Q3 2024 EV Trends Report is sourced from Carvana.com.
All data referencing EVs refer to Battery Electric Vehicles
(BEVs).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241022435624/en/
MEDIA CONTACT: Carvana Communications
press@carvana.com
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