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Used-car retail prices continue rise in March, posing challenges for dealers & consumers
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 […]
ACV’s next step: scaling AI technology to solidify its role as auto industry ‘disruptor’
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 […]
Used EV retailer charges forward with $15M Series A, new stores & executive hires
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, […]