Carvana Buys ADESA Car Auction Business in $2.2 Billion Deal 🚗
Carvana, an online used car retailer based in Tempe, Arizona, has announced they will be acquiring car auction business ADESA. ADESA offers the largest selection of low-mileage, one-owner cars. I chat with Nick Johnson about why Carvana, a non platform linear car seller, would want to get into the B2B car auction business. Is this a good buy for Carvana’s business, which going by its stock price has had a rough time lately? Does the increased prices in used cars and strained supply chain play into this move by Carvana?
00:00 – Subscribe and Fight Big Tech
00:21 – Is Carvana a true marketplace platform?
01:12 – What is ADESA and why did Carvana buy it?
04:51 – Will Carvana Digitize B2B vehicle auctions?
#Carvana #UsedCars #ADESA
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