Carvana Q1 net loss surges on expansion outlays

Carvana, in its first quarterly report as a publicly traded company, reported a sharply wider loss on costs related to its expansion even as revenue surged.


Will Facebook be the next big thing in online used-car ads?

Facebook has the potential to be a major force in used-car sales with a new feature called Marketplace, which eases concerns about dealing with strangers.

Sign up for our weekly newsletter

Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

MORE USED CAR NEWS SALES MARKETING
Online auction ACV adds 8 markets

ACV's expansion to eight additional markets shows that, despite the collapse of Beepi, there are still other startups seeking to find a niche in the remarketing world.

CPO sales flat year-over-year

U.S. certified pre-owned sales at the largest automakers have risen just 0.2% through April, bogged down in large part by significant declines at 3 of the 4 largest players.

Mini seeks higher used-car sales

Mini executives want the brand's U.S. dealerships to pursue used-car sales with more vigor, so they're offering bonuses to dealerships that hit used-volume targets.

May U.S. auto sales projected to rise -- slightly

U.S. new-vehicle sales are expected to rise very slightly in May from a year ago, narrowly snapping the industry's streak of four consecutive monthly declines. But one forecaster is cutting its outlook for the year after the spring selling season has come in weaker than anticipated.

Newsletters