This week on the Mobility Tech & Connectivity Show we are focused on the used car business. Kicking things off will be myself and Jay as we run through recent developments in the used car business, including an update on the Hertz bankruptcy (see below). Also…KAR posts $32M net loss in Q2, but CEO expected worse; KAR Global to buy BacklotCars for $425 million; Ohio approves tax credit for Carvana distribution center near Cleveland; Cherokee Media Group’s All-Digital Used Car Week Set for November
As we enter into the second full month of a global shutdown, one where the difference between being classified as an essential or non-essential business could mean life or death for many dealerships, one thing is clear – the need to adapt is critical.
Video and podcast featuring the live web chat with Lotpop owner Jasen Rice and Host Ryan Gerardi talking about Used Car SAAR rates remaining steady in September, Used Car Sales continued hot streak, rising depreciation, Ally Auto’s recent investment into Fair, and Costco’s used used car program gaining attention.
Carvana wants to buy your car and let you conduct 100% of the transaction online. They will give you a quote, come get your car, and hand you a check. But is this the best way to go? Here’s what to consider with Carvana’s offering.