The automotive market is surging amid COVID-19, and companies such as Carvana are reaping the benefits. Carvana has been an innovator in the space, with its high-profile vending machines in multiple major markets. And in recurring payments, the subscription commerce sector appears to be weathering the economic storm, and could even emerge more formidable when the pandemic recedes. All this, Today in Data.
Data:
293%: Increase in the Chicago Tribune’s digital subscriptions in March.
64.4K: Number of units Carvana sold in Q3.
32.9%: Amount by which the U.S. gross domestic product has slipped since March.
10M: Number of new subscriptions to digital media services from February through July.
$1.544B: Amount of revenue Carvana registered in Q3 amid a surging automotive market.
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