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
Curt has 30 years of experience in the auto retail market and is the Former General Manager of ADESA Tampa and Sarasota where he won ADESA's auction of the year award in both 2011 and 2015. He recently ran Sales for ACV in Florida before leading ACV's floorplan offering for the region.
Interview Transcript
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