Latest OnLine Editon  Read Here

Carvana Moves into LA

Carvana Moves into LA Featured

Carvana Co. has moved into the nation’s largest car market.
The company recently launched operations in Los Angeles. This is Carvana’s 37th market.
Less than five years after selling and delivering its first car in Atlanta, Carvana has rapidly expanded its local market presence.

Last modified on Wednesday, 06 September 2017 16:59
Rate this item
(0 votes)

Related items

  • Dealers Grow Less Optimistic

    More dealers feel market conditions are weakening.
    The Cox Automotive Dealer Sentiment Index fell to 45 in the third quarter, which means more dealers felt market conditions were currently weak relative to those who felt market conditions were strong.
    Pricing pressure, increasing costs of doing business, declining profits, slow customer traffic and a lack of inventory, especially for independent dealers, are the factors that drive dealers to be less positive about the current market.
    Dealers were more positive about the next three months. More dealers expected conditions to be strong in the future, compared to those who think conditions will be weak.
    Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the index measures dealer perceptions of current retail auto sales and sales expectations for the next three months as “strong,” “average” or “weak.” The survey also asks dealers to rate new car sales and used car sales separately along with a variety of key drivers including consumer traffic.
    Responses are used to calculate an index where any number over 50 indicates that more dealers view conditions as strong rather than weak.

  • AFC Partners with TradeRev for Promotion

    Automotive Finance Corp. announced a promotion aimed at encouraging dealers to "go digital."
    The promotion allows dealers to pay no AFC floor plan financing fees and zero percent interest for 45 days on any vehicles bought and sold on TradeRev. TradeRev offers live, one-hour digital auctions.
    The TradeRev – AFC promotion runs until Dec. 31.

  • Hearst Auto Unveils New HQ

    Hearst Autos announced the opening of its new permanent office in Chamblee, Ga., just outside of Atlanta.
    Located in Chamblee’s Antique Row district, the office has an open floor plan dedicated to optimizing workflow, including whiteboard spaces that allow teams to share ideas openly and track design sprints over multi-day sessions. The decision to move into a new space was based on the company’s strong growth over the last year and its desire to establish a permanent Hearst Autos presence in Atlanta.
    The company commissioned local artist, Yoyo Ferro, to paint a custom mural in the reception and kitchen areas, and employees collaborated on Atlanta-inspired conference room names.