Plenty of open parking spaces in a storage lot for a car dealership in California. MediaNews Group via Getty Images Scarce new- and used-car inventory in 2022 should give way to slightly better availa...
Tag: UsedCar
Carvana Stock Rout Hits 97% This Year With Used-Car Prices Crumble
(Bloomberg) — Online car dealer Carvana Co.’s shares tumbled to an all-time low as investors grow more concerned about the continuing decline in used-vehicle prices. Most Read from Bloomberg The...
Carvana Shares Plunge to Record Low as Used-Car Prices Fall Fast
(Bloomberg) — Carvana Co. wiped out about half of its market value in just two trading sessions as the stock plunged to an all-time low on deepening gloom about used-car sales. Most Read from Bl...
Carvana Sinks on Earnings Miss, Bleak Outlook on Used-Car Demand
(Bloomberg) — Carvana Co., the online platform for used-car sales, reported third-quarter results that missed Wall Street expectations, citing a deteriorating economy and softening demand for pr...
How This Mexico-Based Used-Car Seller Became The Most Valuable Startup In Latin America
Used-car sales unicorn Kavak is expanding to Chile, Colombia, Peru and Turkey, espousing transparency and efficiency in the fragmented used-car market. Founder and CEO Carlos García Ottati explains ho...
Used-car prices are down from record highs, easing the impact of inflation
A sign advertises cash paid for used cars in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale used-vehicle prices have notably fallen from a record ...
Used-car prices are still sky-high — but they may be easing
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images Wholesale used-vehicle prices fell in February from Janu...
Vroom Stock Stalls Out as Used-Car Seller Posts Disappointing Quarter
Text size Vroom’s revenue was higher than anticipated, but the used-car seller lost more money than expected. Gabby Jones/Bloomberg Tight supplies and soaring prices for new cars continue to hav...
Used-car prices may be easing, research shows
Jim Watson | AFP | Getty Images Used-car prices may be starting to soften, research suggests. After surging through the pandemic by as much as 50%, prices in the used-car market showed some easing in ...