Used Cars

Safety first for next auction group leader

NAAA's board is expected to vote on mandatory safety standards for auction members at this month's annual convention, changing how buyers can act in the lane.

Expansion costs drag down Carvana's Q3 net

Carvana more than doubled revenue and unit sales in the third quarter but losses mounted as the newly public used-vehicle retailer continued its national rollout.

UPDATED: 11/8/17 1:55 pm ET - corrected
UPDATED: 11/1/17 4:19 pm ET - adds stock update
KAR stock price rises on strong Q3, higher dividend and forecast

KAR Auction Services' stock price rose Wednesday after the company reported solid third-quarter results.

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MORE USED CAR NEWS SALES MARKETING
Scott Painter's startup gets big lift

A startup trying to create a new channel for selling used vehicles just got almost $1 billion -- and a de facto endorsement from two major industry players.

Fast recon boosts high-quality used inventory

As profit margins for new vehicles shrink, dealerships are looking to make more money from selling used cars and trucks. The number of U.S. vehicles coming off lease represents a treasure trove of potential inventory.

ADESA's parent buys rest of TradeRev

KAR Auction Services has acquired all of the TradeRev technology that allows dealers to electronically buy used vehicles before they reach physical auctions.

Why disasters today pack more wallop

Rising coastal populations and technology-laden vehicles, which prompt insurers to be quicker to declare a damaged vehicle a total loss, are driving salvage auction growth.

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