IP InterviewPublished April 7, 2022
Carvana, ADESA, & US Auto Wholesale Auction Market
inpractise.com/articles/carvana-adesa-and-us-auto-wholesale-auction-market
Executive Bio
Curtis Farris
Former General Manager at ADESA and Director at ACV Auctions
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
Interview Transcript
Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.
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