Partner Interview
Published January 13, 2025
Carvana: ADESA & the Rental Fleet Remarketing Process
inpractise.com/articles/carvana-adesa-rental-fleets-remarketing-process
Executive Bio
Former Executive at Fusion Auto Finance
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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When you run the cars, what percentage sell? Give me the lay of the land.
Typically, captive sales are around 60%, which is good. Most are in the 70% to 80% range on the first run. Auctions consider 60% to 65% a good sale percentage. Rentals and fleet companies are probably in the low 30s, 20% to 30%. For example, Sixt sales are about 18% right now because we're doing a large percentage of sales via direct sale, which is hand-to-hand, avoiding those exorbitant expenses. We can offer a lower buy fee too.
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