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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 […]
EV lease returns could nearly triple this year: What that means for auctions, consignors & dealers
Auction sales of electric vehicles climbed 46% in 2025 and continued along that trajectory in the first quarter. The full-year growth in 2026, however, could be even more significant, thanks to off-lease EV volumes nearly tripling in size, according to an AuctionNet report from the National Auto Auction Association. There were 159,280 EV sales at […]