Carvana, ADESA, & US Auto Wholesale Auction Market
Former General Manager at ADESA and Director at ACV Auctions
inpractise.com/articles/carvana-adesa-and-us-auto-wholesale-auction-market
Why is this interview interesting?
- ADESA will potentially lose 70% of dealer inventory and 50% of fleet inventory under CVNA ownership
- OPENLANE is a unique asset for KAR
- CVNA supposedly didn’t inspect the auction lane when visiting ADESA
- Carmax’s wholesale auction is not efficient and takes up valuable retail space
- A potential Carmax / ACV Auction deal could be effective vs CVNA / ADESA
Carvana, ADESA, & US Auto Wholesale Auction Market(March 17, 2022)
Curtis Farris
Former General Manager at ADESA and Director at ACV Auctions
Interview Transcript
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