Amazon announced it will begin selling cars online starting in 2024, beginning with Hyundai vehicles sold by dealerships. This news sent shares of major online used car seller Carvana and other auto dealerships like CarMax down 5-6% on concerns about new competition from Amazon. Amazon's deal with Hyundai also includes integrating Alexa voice assistant into Hyundai cars in 2025 and using Amazon Web Services for cloud services.
