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Wyler

How Jeff Wyler Automotive plans to use its innovative new retailing...

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Jeff Wyler Automotive Family recently launched a 100% online car buying solution to compete directly with disruptors like Carvana and Vroom. Kevin Frye, the...
Carvana

Carvana posts $439 M net loss for Q2, sales volume increases

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Last Thursday, Carvana completed its second-quarter earnings call between the company, shareholders, and analysts to discuss performance and corporate activities. According to an official...
Automotive Ventures

Agency model presses on in markets outside of the U.S. plus...

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Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Automotive Ventures

A closer look at Carvana’s marketplace project and AutoNation’s new captive...

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Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Carvana

Illinois Secretary of State revokes Carvana’s dealer license for the second...

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For the second time in two months, the Illinois Secretary of State's office has revoked Carvana's dealer's license and banned the retailer from selling vehicles in...
Carvana

4 lessons car dealers can learn from Carvana’s missteps

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Carvana has been in the news for all the wrong reasons this year. A blockbuster agreement to purchase ADESA U.S. has been completed, but...
Carvana

Carvana’s operations in Illinois have been suspended

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Illinois has suspended Carvana's dealer's license after an investigation found that the company “improperly” gave residents out-of-state registration tags and failed to transfer car titles within...
Carvana

Carvana cuts 2,500 jobs after posting net loss of $506M

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In a regulatory filing this week, Carvana said that it has laid off 2,500 of its employees, accounting for 12% of its workforce. Most of the...
EchoPark

Sonic Automotive opens EchoPark retail hub in Missouri

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In a press release this week, Sonic Automotive said that its EchoPark brand has now expanded into Missouri as part of its goal to have 90%...

Carvana sales drop in Q1 for the first time ever

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After performing exceptionally well throughout the pandemic, Carvana reported that overall sales had dropped for the first time ever. Carvana sales totaled 105,185 for the first...