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Dealer use of Accu-Trade, DealerClub gains momentum for Cars.com
While announcing that Cars.com’s Accu-Trade used-car appraisal tool surpassed 1 million quarterly appraisals, CEO Alex Vetter said Accu-Trade and the Cars.com digital wholesale auction platform, DealerClub, are increasing in number of users. That is happening as dealers move to “tech-first products that advance the industry’s long-term goal of improving profitability,” Vetter said in the company’s […]
EVs a silver lining in sluggish, pricy used-car market
Three-year-old used vehicles just posted third-quarter prices at heights not seen since 2022 and reached their slowest Q3 turn times in eight years. But one segment is offering some relief amid high prices and sluggish turn times: used EVs. That’s according to an analysis this week from Edmunds, which said average transaction prices for 3-year-old […]
Carvana tests same-day vehicle delivery with an eye on future sales
Carvana’s used unit sales in its third quarter set a new sales record. The company is also making strides toward its previously announced goal of selling 3 million used vehicles annually within the next five to 10 years with a pilot program that provides same-day or next-day delivery of vehicles to customers in its Phoenix […]