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[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]
Studies have found that some auto dealerships charge higher interest rates or otherwise raise their prices to females and ethnic minorities, including Asians, and African Americans. [18] [19] These issues have sometimes resulted in lawsuits, including class action lawsuits, against the dealers on the basis of discrimination based on nationality ...
In 2003, Barrett-Jackson opened another annual auction site in Palm Beach, Florida, [6] [60] where it continues as of 2023. [61] It is held annually at the South Florida Fairgrounds, [62] typically in late March or early April. [63] A Las Vegas auction was added in 2008, [64] held annually at the Mandalay Bay resort.
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At the same time, Ugly Duckling was developing its own software, and CEO Gregory Sullivan said this company was the only one buying car dealers in 1999. Markets added included Orlando, Florida and Richmond, Virginia. [16] In 2001, sales were $541.7 million, [16] and the headquarters moved to a former Mega Foods grocery. [21]
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