Recent Stories
Carvana aims to raise more than $500M with new debt, equity

One analyst estimates the additional capital should provide the used-vehicle retailer, which has been unprofitable since it went public in 2017, with enough cash through the second half of 2020.
With digital retailing going mainstream, sales should be easier, right?

Automotive digital retailing has reached its tipping point, as automakers such as Toyota roll out programs to certify vendors in this realm.
Digital retailing grabs automakers' attention

For automakers, digital retailing is now seen as essential as other tools at franchised dealer, vendors say.
Carvana touts growth potential as investors await profit

Even with the rapid growth, how much longer can investors in the online used-car retailer stomach losses?
Costco's rising used-car sales grab attention

After a modest gain this year, the Costco Auto Program is predicting its pre-owned vehicle sales will double in 2020.
Carvana’s losses mount amid 'sustained hyper growth'

Carvana said its revenue more than doubled for a 21st consecutive quarter as it expanded into 24 new U.S. markets.
KAR posts higher revenue in Q1, but TradeRev rollout still weighs on bottom line

KAR's TradeRev business showed an operating loss of $16.8 million in the first quarter as the company continues to invest in expanding the online auction service.
CDK turns to Silicon Valley for tech talent
April takes a bit of air out of U.S. car sales

Any hopes for a "spring bounce" fell flat as U.S. auto sales fell for a fourth straight month in April.
Bridging the gap between sales, service

At Ferman Chevrolet and Mazda stores in Tampa, Fla., weekly fixed-ops meetings that include sales personnel are helping the sales and service departments bridge the divide that often exists between the two in many dealerships.
CDK halts 10 quarters of lost auto business

The company had a 50 percent year-over-year reduction in site losses during the period as CDK continues to change its culture to be "more customer-centric," CEO Brian Krzanich says.
CDK's Q3 revenue climbs on improved dealer retention

The company grew its dealer sites for the first time in 10 quarters.
A buyer's market for digital retail software?

The big public retailers left little doubt while presenting their latest earnings reports that digital dealing is now a fact of life in mainstream auto sales — and with plenty of room to grow.
April showers on retail auto demand

Volume likely will rise thanks to a favorable calendar -- April has an extra selling day -- but the light-vehicle SAAR probably dropped year over year, analysts say.
CarWave expands online auction platform

CarWave may not be novel, but its apparent success in the online auction business shows there's a thirst for digital auctions.