Carvana’s CEO is optimistic about the used car market. Here’s why

So far the company has sold about 2 million vehicles, with sales now running at a rate of 400,000 per year. Since it started selling cars in 2013, Carvana has disrupted the U.S. used vehicle market with no-haggle pricing and an online buying process that cuts out the often-dreaded salesman.The Tempe, Arizona, company took advantage of many buyers’ fear of negotiating with a dealer, letting them purchase vehicles via computer and have them delivered to their homes.CEO and cofounder Ernie...