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Ford South Austin Texas dealer
More exit vehicle hunt as prices soar and options dwindle, study says

Most of those sitting on the sidelines are well aware that the market is being affected by a shortage of microchips, the research showed.
National Auto Auction Association
NAAA cancels 2021 annual convention

The decision comes just weeks before the annual event was set to take place in Chicago, and marks the second straight year the show was called off due to the coronavirus pandemic.
Inventories were 53 percent below 2020 levels at the start of August, Cox Automotive said.
Worry stems from low supply, not high prices

Justin Buzzell, corporate director of finance at #1 Cochran, said the Pennsylvania-based group "saw a little bit of a pinch" in the early days of the inventory crisis, which has mostly been the result of a shortage of semiconductor microchips.
KAR agrees to buy Carwave in deal valued at $450 million

The online platform allows dealers to wholesale and buy vehicles from anywhere.
Attendance at Findlay’s auction, here, has received a boost from one nearby operated by CarMax.
Findlay Auto Group's auction centralizes wholesaling

Having a CarMax auction literally next door helps.
CDK logo
CDK reports mixed Q4 results as it looks to integrate Roadster

The acquisition of the digital retailing firm has helped CDK provide dealerships with a "modern retailing experience," COO Joe Tautges said on an earnings call.
Used Vehicles
Online used-vehicle retailers eye market normalization
Why Carvana was hit with 180-day penalty in N.C. county

A customer wasn't able to receive proper vehicle registration and plates to operate the vehicle legally in the state.
Vroom
Vroom's net loss grows in Q2 despite threefold revenue increase

The online used-vehicle retailer managed to grow its salable inventory in a period when auto retailers were scrambling for cars to sell.
Carvana
Carvana dealer license suspended in N.C. county for 180 days
Cars return to lanes at some ADESA sites

The auction giant's parent company, KAR Global, is testing the return of vehicles to lanes at 11 U.S. locations.
A new wholesale world: Cars easier to locate

LotVision, Manheim's system of tracking vehicle locations at the company's sprawling auction sites, is now expected to be completely rolled out by the end of September.
Cryptocurrencies such as Dogecoin and Bitcoin are still not widely used by car buyers, but that could change, experts say.
Some say cryptocurrency payment option in auto retail is poised to grow

Few dealerships accept crytocurrency as payment, and the motivation for those who do seems to stem from curiosity and marketing instincts vs. practicality. That could change in the coming years.
Per-vehicle success lifts Carvana to its first profit

Higher profitability long term is linked to the used-vehicle retailer's continued success in buying cars from customers and improving reconditioning capabilities.
Carvana posts first profit as public company; inventory remains tight

The online used-vehicle retailer said it would have sold more vehicles if it had had more cars and trucks to sell, reflecting the low inventory situation affecting most auto retailers in the U.S.