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Average Used Car Prices Reach High

Average Used Car Prices Reach High

Staff Writer Nov 12, 2018 Financial News

The average used-vehicle price reached $20,084 in the third quarter, according to Edmunds. This is the highest average price since 2005 and a 3.5 per...

AG Sues Dealers for Missing Titles

AG Sues Dealers for Missing Titles

Staff Writer Oct 31, 2018 Legal News

The Ohio attorney general has filed consumer protection lawsuits against two different Cleveland used-car dealers accused of failing to deliver vehicl...

Carvana Rewards Employees with Stock

Carvana Rewards Employees with Stock

09-11-2018 449 BHPH News Staff Writer - avatar Staff Writer

Carvana Co. retailed 25,324 units in the third quarter for revenue of $534.9 million. Total gross profit was $57.3 million. Both profit and loss were affected by an employee share bonus. In recognition of Carvana selling its 100,000th vehicle, CEO Ernie Garcia III recently committed to give each current employee 165 shares of his personal stock once they reached their one‐year employment anniversary. The giveaway is worth up to $35 million at the announcement date’s stock price.

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UCN Video News Report

Sept. 13th: News with Ted Craig 

 

 

 

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