Carvana Co. announced financial results for the second quarter that exceeded its prior guidance. Gross profit per unit reached a record of $2,173. That is an increase of $672 year-over-year.…
Wholesale used vehicle prices increased 1.51 percent month-over-month in July. This brought the Manheim Used Vehicle Value Index to 136.9, which was a 5.1 percent increase from a year ago…
Carvana announced four new markets in Pennsylvania. The online retailer is now offering delivery to customers in Harrisburg, Lancaster, Allentown and York-Hanover. Carvana debuted in Pennsylvania in October 2016, offering…
Black Book’s Used Vehicle Retention Index increased by 0.5 percent during July. The Index now stands at 113.9, up from 113.3 in June and 113 in July 2017. The Black…
The Consumer Financial Protection Bureau recently found that Triton Management Group Inc. deceived Mississippi consumers in violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and violated the…
AutoNation Inc. saw a big jump in used gross profit in the second quarter. The chain reported that same-store used vehicle gross profit was $88 million. That is up 22…
The Consumer Financial Protection Bureau has scheduled a daylong symposium, Building a Bridge to Credit Visibility, for Sept. 17. This event will explore challenges many consumers face in accessing credit.…
Zero-percent finance deals were slower to materialize for car shoppers in July, according to Edmunds. Zero percent finance deals accounted for 6.92 percent of sales in July, compared to 11.34…
Sonic Automotive Group Inc. set an all-time record for quarterly pre-owned retail unit sales of 35,779 units. The company’s EchoPark standalone used-car stores retailed 7,459 units during the second quarter.…

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