00:00 It's Benzinga and here's what's on the block.
00:02 - Amazon announced it will be selling cars online
00:04 starting in 2024,
00:06 beginning with the Hyundai vehicle sold by dealership.
00:09 This news sends shares of major online used car seller,
00:12 Carvana, and other auto dealerships like CarMax
00:15 down five to 6% on concerns about new competition
00:19 from Amazon.
00:20 Amazon's deal with Hyundai also includes
00:22 integrating Alexa voice assistant into Hyundai cars in 2025
00:27 and using Amazon web services for cloud services.
00:30 - For all things money, visit Benzinga.com.
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