This investment round brings Vroom’s total capital raised to $721 million.
Carvana Opens Second Vending Machine in California
The new location, located in Ontario, Calif., stands eight stories tall and holds 27 vehicles.
The new location, located in Ontario, Calif., stands eight stories tall and holds 27 vehicles.
The vending machine, which will stand eight stories high and hold 30 vehicles, will be located in the Westminster, Calif., a city roughly 30 miles south of Los Angeles.
The Kansas City vending machine marks the first vending machine in Missouri and the 18th machine in the U.S.
ADESA is replacing its LiveBlock service with ADESA Simulcast, giving its customers an expanded method of joining live sales online, the company announced.
The investment will benefit Cox's Manheim by creating a partnership that will provide Manheim with 3D, 360-degree images, of the vehicles available on Manheim's online marketplace.
Shift currently operates in California and is the largest used car retailer in San Francisco. By year end, the company expects to sell approximately 8,000 used vehicles.
The wholesale industry is in the early stages of a digital transformation that's boosting sales at ADESA, KAR Auction Services CEO Jim Hallett said earlier this month. Online sales have driven 7% in overall volume growth during the quarter, and have helped offset waning sales at physical auctions.
Customers in Boston; Worcester, Mass.; Manchester, N.H.; and Providence, R.I. will now have the ability to have the used vehicles available through Carvana delivered to them as soon as the next day for free.
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