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Carvana

Carvana Settles Dispute with State of Illinois

The used car retailer will continue to operate in Illinois under some restrictions.

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Used Vehicle Prices Drop as Other Costs Remain High

The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.

Carvana’s Stock Plummets Amid Bankruptcy Fears

Creditors join together to negotiate with used-car retailer.

Vroom Cuts Losses in Q3

Vehicle retailer trims costs, increases profit per vehicle.

Carvana’s Q3 Disappoints

Used-car retailer misses expectations in face of industry pressures.

Michigan Judge Denies Carvana Request

A Michigan Court of Claims judge has denied Carvana's request for a temporary restraining order against Michigan Secretary of State Jocelyn Benson for suspending its Novi dealership operations.

CarMax Retools Approach After Disappointing Q2

Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.

Illinois Suspends Carvana Dealer License

The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.

Used Vehicle Prices Skyrocket as New Vehicle Inventory Wanes

Wholesale used vehicle prices have increased 37% over the past 20 weeks and used retail prices rose 15% since the end of 2020.

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Why Dealership Staff Fear Digital Retailing (and What to Do About It)

Dealers see the potential for more sales, higher profits, and improved CSI scores that digital sales and F&I can bring. Your employees fear the loss of job security and the burden of new responsibilities.

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