January 2013

NADA UCG: Economic Factors Contributing to ‘Plateau’ In the Auction Lanes

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A variety of social and economic factors seem to be affecting the wholesale market, says NADA Used Car Guide, including dropping consumer confidence and Social Security tax increases. 

NADA UCG reported these factors are contributing to the current “plateau” in the lanes.

Over the course of the current week, NADA expects used prices across all segments to remain flat as AuctionNet wholesale prices are expected to remain essentially unchanged compared to their two-week averages.

Carvana Launches 100 Percent Online Used-Car Retailer in Atlanta

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With technology advancing and new programs and offerings being launched daily in the mobile and digital world, it is hard to find something you can’t do online these days. Customers can ever browse, finance and buy a car entirely online.

Carvana, backed by DriveTime, has launched a completely online car retailer in Atlanta, touting what it calls a convenient car buying process as well as next-day delivery.

With a focus on mid-market and luxury vehicles, Carvana will launch its services in the Atlanta metropolitan area.

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