Amazon to Allow Car Sales on Its Website. CarMax and Carvana Stock Is Down.

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Amazon.com

will permit the sale of cars on its e-commerce platform, allowing it to handle some of consumers’ biggest-ticket purchases.

Amazon

(ticker: AMZN) said Thursday that it will begin online sales of vehicles next year. Hyundai will be the first brand available for purchase. The car maker named Amazon Web Services as its preferred cloud-computing provider to facilitate the online transformation.

“Amazon…

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