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Online used-car retailer Carvana's first-quarter net loss widened to nearly $53 million, while revenue and vehicle sales both more than doubled to records.
The auction industry is likely to see fewer traditional wholesalers going forward, but they are evolving into online and smartphone app-based operations.
It was all hands on deck for an auction of used Lexus and Toyota vehicles on the retired aircraft carrier USS Midway.
Online auctions will continue to make inroads, but physical sites remain a necessity, a study prepared for the National Auto Auction Association found.
Shift Technologies, an online used-car retailer, is partnering with Manheim for services such as vehicle storage, reconditioning, imaging and inspections.
Used small cars drew lots of buyers at auctions March 16-23, pushing prices up the most in two years, as used-car dealers loaded up ahead of tax season.
Audi in the next 60 days plans to tweak to its certified pre-owned vehicle program to help improve dealer profitability, Audi of America President Scott Keogh told Automotive News.
The National Auto Auction Association's new safety guidelines are aimed in part at preventing dealership employees from distracting drivers in the lanes.
Digital price tags for vehicles bolster the one-price, no-haggle policy at two Florida Audi dealerships and shorten the buying process for customers.
A online search for the perfect CPO hatchback quickly turned into a technological nightmare, including accusations of attempted fraud.
As the number of vehicles coming off lease rises, Mercedes is incentivizing dealerships and consumers to push certified preowned sales.
Carvana's fourth-quarter net loss widened, while strong sales and revenue growth failed to match the retailer's prior guidance to Wall Street, which was not amused.
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