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The shifting reliance on used vehicle sales in 2021 was seen up and down the Automotive News annual list.

Carvana-ADESA deal has automakers rethinking auction plans

Carvana’s pending acquisition of ADESA U.S. has prompted some automakers and dealers to rethink or sever their relationship with the No. 2 U.S. auction house.

Carvana’s pending acquisition of ADESA U.S. has prompted some automakers and dealers to rethink or sever their relationship with the No. 2 U.S. auction house.

Carvana’s pending acquisition of ADESA U.S. has prompted some automakers and dealersto rethink or sever their relationship with the No. 2 U.S. auction house to avoid doing business with the used-vehicle retailer that’s become a fast-rising competitor.

Carvana CEO Ernie Garcia last week acknowledged that a “small handful of both buyers and sellers” have opted — at least in the short term — to not do business with ADESA in light of the deal.

Lithia CEO Bryan DeBoer, during last week’s first-quarter earnings call, said he believes seven manufacturers recently have pulled vehicles from ADESA. Automotive News confirmed that Toyota Fin- ancial Services chose to end its relationship with ADESA effective April 1, a spokesman said. read more

The Italian brand wants consumers to have a hands-on experience with its first electrified entry ahead of the Tonale’s U.S. release in early 2023.

The EV maker is defying industry trends with record sales despite supply chain issues, and it is now turning to a longtime passion of CEO Elon Musk: automated driving.

Entering the EV era will require Lexus to not only engineer all-electric cars but reengineer the production process that builds them.