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Carvana, the online used car marketplace, has agreed to buy Kar Global's Adesa U.S. auction subsidiary for $2.2 billion in cash, an acquisition aimed at adding another revenue stream as well as a ...
Not many used car auto buyers know the brand name Adesa, but there’s a decent chance your car was bought or sold at one of their landmark auto auction houses. If you get a chance to check out a ...
Carvana (CVNA) acquires ADESA U.S.'s physical auction business for a valuation of $2.2 billion to spur growth and economic improvements.
[12] [13] In 2022, Carvana acquired ADESA, the nation’s second-largest wholesale auto auction chain, for $2.2 billion to increase its real estate footprint. [14] In response to the COVID-19 pandemic, Carvana introduced touchless delivery and pick-up in March 2020. [15]
Manheim, Inc. is an automobile auction company. As a subsidiary of Cox Automotive, a subsidiary of privately owned Cox Enterprises, Inc. based in Atlanta, Georgia, Manheim's primary business is wholesaling vehicles via a bidding process using traditional and online formats.
A fact from List of most expensive cars sold at auction appeared on Wikipedia's Main Page in the Did you know column on 8 September 2011 (check views). The text of the entry was as follows: The text of the entry was as follows:
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