Tracking wholesale prices, used vehicle values, sales, and supply trends across the industry unveils a broad picture: We're getting closer to normalcy.
The used car retailer that bought the ADESA auction group this year blames high used car prices and rising interest rates for sinking consumer demand.
IARA Summer Roundtable: In a free-wheeling interview, entrepreneur and used car industry disruptor Ernie Garcia delivers insights on his mega-merger deal and a customer-friendly e-commerce model.
Used vehicle marketplace KAR Global has now sold all of its ADESA U.S. physical auction business to Carvana. KAR will continue to operate its online auction portal Openlane.
Carvana’s Ernie Garcia and Parkmyfleet CIO Kristin Slanina will bring their latest insights for consignors and auctions at the International Automotive Remarketers Alliance annual Summer Roundtable.
KAR will shed debt and can concentrate on digital sales, while Carvana gains access to more cars and dealer relationships. But questions remain.
The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
The new format offers features such as an improved vehicle photo gallery with a separate damages section, easier to find tire condition, and list of options.
Billed as the first of its kind, enterprise IoT innovation delivered by CoreKinect and Comcast’s MachineQ will help customers and employees locate vehicles faster at ADESA’s 70+ locations.
All-new Purchases Page Brings greater speed, simplification and centralization to buying on ADESA.
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