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Used Vehicle Sales

Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.

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Several Sedan Segments See Values Drop

Overall values for car segments that Black Book tracks were up marginally on average, however, a majority of the individual segments reported lower values.

Agencies Conduct Used Car Rule Compliance Sweep of Dealers

The Federal Trade Commission, working jointly with 12 partner agencies in seven states, conducted the first compliance sweep of car dealerships since its amended Used Car Rule took effect earlier this year, the regulator announced.

ADESA's Online Sales Increase 7% in Q1

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.

Carvana Opens New Car Vending Machine in Florida

The structure stands eight stories tall and holds 30 vehicles, similar to other Carvana vending machines. This marks the 11th vending machine nationwide and the third vending machine in Florida for Carvana.