used car sales

American Car Center Shutters as Auto Loan Delinquencies Rise
American Car Center Shutters as Auto Loan Delinquencies Rise
February 26, 2023  |  Retail

Subprime lender American Car Center has reportedly closed amid a rise in auto loan delinquencies. The Memphis-based used car seller notified employees Friday (Feb. 24)...

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Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
January 31, 2023  |  Economy

Inflation and an uptick in new vehicle production have dampened the market for used cars. That’s according to a report late Monday (Jan. 30) from...

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Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
November 08, 2022  |  eCommerce

The rubber meets the road for the online car platforms. Amid Carvana’s disastrous stock plunge and disappointing earnings — and Vroom’s numbers from Tuesday (Nov....

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CarMax Earnings Point to Shaky Used Car Market
CarMax Earnings Point to Shaky Used Car Market
September 30, 2022  |  Economy

CarMax’s recent results signal some trouble spots that extend far beyond the used car industry and hint at some of the fires that may flare...

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Car Importers Tap Power of Platforms to Tame Price Volatility
Car Importers Tap Power of Platforms to Tame Price Volatility
September 09, 2022  |  Cross Border Commerce

In a way, used cars are like stocks, options and bonds from the point of view of Ryan Davidson, founder and CEO of Trade X,...

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How Used Cars And Sales Taxes Are Building The Digital Future
How Used Cars And Sales Taxes Are Building The Digital Future
December 16, 2019  |  Today In Data

Can digital technology really take the hassle out of used car sales – and compete with dealerships and lots? Is there a better way to...

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New Car Sales Are Hurting The Value Of Used Cars
New Car Sales Are Hurting The Value Of Used Cars
August 22, 2017  |  Economy

With car sales in the U.S. increasing for seven straight years, it is having a negative impact on used car values. According to a report...

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Carvana Used Car Sales Up 120 Percent In First Quarter
Carvana Used Car Sales Up 120 Percent In First Quarter
June 07, 2017  |  Retail

Carvana, the eCommerce platform for buying used cars, announced Tuesday (June 6) its first quarter results, which showed it sold 8,334 cars, an increase of...

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Carvana Opens Another Used Car Vending Machine In US
Carvana Opens Another Used Car Vending Machine In US
February 08, 2017  |  Vending Machines

Imagine dropping in a coin and watching your newly purchased vehicle be retrieved and brought down to the ground floor. For people in Austin, Texas,...

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