The online used car retailer, Carvana, will open its newest vehicle vending machine off Interstate 8 in Mission Valley on Wednesday. Unlike a traditional used car dealership, customers order a car online and either have it delivered or they can pick it up via the novelty machine (complete with a giant coin). Additionally, there was an added demand for used cars as the supply of new cars was constrained by chip shortages and delayed availability for parts. During the fourth quarter of 2023, San Diego’s used car market declined about 3.5 percent year over year, according to data from the New Car Dealers Association of San Diego County. As a result, used cars are sitting on the lot a little bit longer.

Source: thestar February 24, 2024 02:58 UTC