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Carvana grows as market stalls & its growth could be accelerated by agentic AI
Digital used-vehicle retailer Carvana reported robust growth in the third quarter and sees production constraints as its main hurdle to growing even faster. “There is clearly additional demand available to us if we can produce the cars,” CEO Ernie Garcia said on the earnings call. Sales of 217,385 units – Carvana’s first quarter over 200,000 […]
AI helps Lithia improve used profitability, though pricing still a challenge
Lithia & Driveway’s used-vehicle sales in the third quarter were a somewhat bright spot as new-vehicle sales showed some weakness. “In used vehicles, our pricing strategy continues to deliver,” chairman and CEO Bryan DeBoer said on group’s latest earnings call, “and it’s a great example of our ecosystem, technology and people all working together as […]
Q3 headwinds cause Cox to lower 2026 year-end outlook
Rising fuel costs. Spiking interest rates. Overall economic pressure. These are some of the biggest factors pushing Manheim’s Used Vehicle Value Index down in September as wholesale vehicle depreciation sped up. The Manheim Used Vehicle Value Index fell to 205.9 last month, down 0.6% year-over-year and 1.1% from August. The September results finished out a […]