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Even with supply up 14%, used EVs sell 27% faster in Q1
Something seemingly odd happened in the used electric vehicle market during the first quarter. Used EV supply was up more than 14% year-over-year, but the turn time on these cars was 18 days faster than it was in Q1 2025, according to the latest Industry Insights Report from Cars Commerce. Specifically, used EV supply (based […]
Garcia highlights reconditioning adjustments as key to Carvana building more record-breaking quarters for sales & revenue
Carvana set sales and revenue records during the first quarter, and founder and CEO Ernie Garcia highlighted how ongoing improvements in reconditioning are putting the online used-car retailer on a path to selling 3 million vehicles annually. Carvana reported late Wednesday that it retailed a record 187,393 units during the first quarter, representing a 40% […]
Amid unusual monthly rise in used-car retail prices, ‘silver lining’ remains for consumers & dealers
Customers are likely to bristle at the money they shell out to buy a used car these days. Percentagewise, the jump in price from March to April was about three times the typical sequential change for a given month, says Carfax. But there may be some relief for shoppers on the other side of the […]