spanning the country, according to Dino Bernacchi, chief marketing officer.
At the same time, the company launched an e-commerce platform allowing consumers to buy a car online and have it shipped to their home no matter the location, and in March EchoPark named Stephen Carvelli as its first ever chief technology officer.ĮchoPark currently has 39 dealerships throughout the U.S.
new car boom from going bust.EchoPark Automotive operates dealerships that sell 1-to-4-year-old cars, and in May expanded its lineup by adding 5-to-8-year-old cars. But Sullivan and others are betting that more affordable offerings could reach here soon – and help keep the U.S. in the coming weeks, a limited-volume, stretch version of the Volvo S60. We’ll see the first Chinese-made vehicle go on sale in the U.S. But with that market cooling, there’s growing talk about finally targeting America’s buyers. entries, in part, due to technical and safety concerns – and the fact that the Chinese market has sucked up everything they can build. Hyundai and Kia now offer luxury models and fewer low-end bargains.Ĭould China come next? Makers from the Mainland have been promising to cross the Pacific for close to a decade. In decades past, as car prices rose, Americans turned by the millions to then-cheap Japanese and Korean products. Paired with like-new loans, they’ve become the option of choice for many long-time new-car buyers.īut analysts like David Sullivan, of AutoPacific, Inc., suggest there could be another gap opening up.
These typically are off-lease products with low mileage that have gone through extensive inspections and, if necessary, repairs. Another trend is the emergence of the so-called Certified Pre-Owned, or CPO, vehicle.
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