Amazon’s Foray into Online Vehicle Sales to Disrupt Local Car Dealership Dynamics with Hyundai Partnership
Following Amazon’s announcement, shares of these local car dealerships dropped by as much as 8% on Thursday, while Amazon’s shares experienced a minor decline of approximately 0.5% during the trading session. Local car dealerships like Carmax, Autonation, and Carvana face a surge in competition as Amazon declared its plans to initiate online vehicle sales next … Read more