Carvana's dealer license suspended.

M2 EQUITYBITES-May 18, 2022--Carvana's dealer license suspended

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Auto Business News - 18 May 2022

US-based Carvana, an online used-car retailer, has had its dealer license suspended in Illinois.

The Tempe-based firm's license has been suspended after the Secretary of State's police department launched an investigation in February following consumer complaints. Authorities had received about 90 signed complaints that prompted them to launch the investigation.

State officials have suspended the firm's license to sell cars and trucks since May 10. It is alleged that the company failed to properly transfer titles for vehicles it sold...

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