Something seemingly odd happened in the used electric vehicle market during the first quarter. Used EV supply was up more than 14% year-over-year, but the turn time on these cars was 18 days faster than it was in Q1 2025, according to the latest Industry Insights Report from Cars Commerce. Specifically, used EV supply (based […] [Read More]

Carvana set sales and revenue records during the first quarter, and founder and CEO Ernie Garcia highlighted how ongoing improvements in reconditioning are putting the online used-car retailer on a path to selling 3 million vehicles annually. Carvana reported late Wednesday that it retailed a record 187,393 units during the first quarter, representing a 40% […] [Read More]

Customers are likely to bristle at the money they shell out to buy a used car these days. Percentagewise, the jump in price from March to April was about three times the typical sequential change for a given month, says Carfax. But there may be some relief for shoppers on the other side of the […] [Read More]

Auction sales of electric vehicles climbed 46% in 2025 and continued along that trajectory in the first quarter. The full-year growth in 2026, however, could be even more significant, thanks to off-lease EV volumes nearly tripling in size, according to an AuctionNet report from the National Auto Auction Association. There were 159,280 EV sales at […] [Read More]

In February, Fullpath — the artificial intelligence-first customer data platform for the automotive industry — released its Auto Intelligence Index for January 2026, which includes data on how consumers are getting information about cars online. According to the organization’s data, dealer websites have received a significant increase — 15 times year-over-year — in website traffic […] [Read More]

Auto auctions and dealers are selling used electric vehicles at record or near-record clips. Sales of EVs at Manheim auctions reached a record high in the first quarter, according to parent company Cox Automotive, which also observed the second strongest quarter of all time for used EV sales in the overall retail car market. Manheim […] [Read More]

In 2025, AutoCanada reached its target of $115 million in annual cost savings. Mission accomplished. Turns out, though, that was only half the mission. Even as the dealership group’s drive for efficiency pulled it out of a deep financial hole toward stable ground, revenue, sales volume and profit all fell significantly in the fourth quarter […] [Read More]

Stingy supply and macroeconomic forces like tariffs and tax returns have driven up used-vehicle prices in March, with both dealers and consumers feeling the sting. JD Power said in a forecast Thursday that used-car retail prices for the month have averaged $30,166, which is $860 higher than March 2025. According to the Carfax Used Car […] [Read More]

ACV is not in the auction business. Or even in the wholesale business. Nor is it in the finance or transport business. Oh, sure, it does all those things. But during the company’s fourth quarter earnings call, CEO George Chamoun affirmed the company’s overarching purpose. “When you think about our differentiator, we’re not only in […] [Read More]

The used electric vehicle market has entered growth mode and so has one of its emerging retail leaders. Recharged — a Richmond, Va.-based used EV marketplace with online and brick-and-mortar elements — closed a $15 million Series A funding round in November, led by Isogone Ventures, and rolled out new locations in Fairfax, Va., Charlotte, […] [Read More]