Auto auctions and dealers are selling used electric vehicles at record or near-record clips. Sales of EVs at Manheim auctions reached a record high in the first quarter, according to parent company Cox Automotive, which also observed the second strongest quarter of all time for used EV sales in the overall retail car market. Manheim […] [Read More]

In 2025, AutoCanada reached its target of $115 million in annual cost savings. Mission accomplished. Turns out, though, that was only half the mission. Even as the dealership group’s drive for efficiency pulled it out of a deep financial hole toward stable ground, revenue, sales volume and profit all fell significantly in the fourth quarter […] [Read More]

Stingy supply and macroeconomic forces like tariffs and tax returns have driven up used-vehicle prices in March, with both dealers and consumers feeling the sting. JD Power said in a forecast Thursday that used-car retail prices for the month have averaged $30,166, which is $860 higher than March 2025. According to the Carfax Used Car […] [Read More]

ACV is not in the auction business. Or even in the wholesale business. Nor is it in the finance or transport business. Oh, sure, it does all those things. But during the company’s fourth quarter earnings call, CEO George Chamoun affirmed the company’s overarching purpose. “When you think about our differentiator, we’re not only in […] [Read More]

The used electric vehicle market has entered growth mode and so has one of its emerging retail leaders. Recharged — a Richmond, Va.-based used EV marketplace with online and brick-and-mortar elements — closed a $15 million Series A funding round in November, led by Isogone Ventures, and rolled out new locations in Fairfax, Va., Charlotte, […] [Read More]

CarGurus CEO Jason Trevisan began the company’s fourth quarter and annual earnings call by calling 2025 a “pivotal year” for the company. “We accelerated product innovation, expanding how we serve dealers and consumers as a marketplace, software, and data company, drove significant growth and profitability, and returned capital through disciplined share repurchases,” said Trevisan during […] [Read More]

After announcing a 43% increase in retail sales in 2025, bringing total retail sales to 596,641, the Carvana executive team talked about everything from recon and GPU health to artificial intelligence and post-sale opportunities on their most recent earnings call. Looking back at the year, the quarter, and the company’s current position, Carvana CEO Ernie […] [Read More]

Used cars could be the “rational choice” for many shoppers re-entering the market. And that viability is already showing up in the numbers for early 2026. There were nearly 493,000 used-vehicle retail units sold last month, which was the strongest January for pre-owned sales since 2021, according to the latest Used Market Report from JD […] [Read More]

Sonic Automotive thinks of its EchoPark used-vehicle business as “the Costco … of the pre-owned world.” Sonic’s president Jeff Dyke made that comment during Sonic’s fourth quarter 2025 earnings call on Wednesday. Although he didn’t immediately explain what he meant by the Costco comparison, he said later that EchoPark’s combination of being a low-cost provider […] [Read More]

At the start of last year, OPENLANE CEO Peter Kelly challenged his teams with four key annual goals. Those were: to grow the customer base and vehicle transaction volumes, improve financial performance, and position OPENLANE for long-term success. During the webcast to announce OPENLANE’s fourth quarter and full-year 2025 earnings results, Kelly said the company […] [Read More]