Carvana's Nashville, Tenn., vending machine. Photo courtesy of Carvana/BusinessWire.
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Friday, Feb. 25, 2022, 04:05 PM
Joe Overby, Senior Editor
Carvana’s agreement to buy ADESA’s U.S. auction locations for $2.2 billion is arguably the most landscape-shifting move to impact the wholesale auto industry in decades, if not ever. One might ask, though, why would a digital used-car retailer buy such a physical asset-heavy business as a bricks-and-mortar auto auction chain — especially at a time […]