4 reasons Carvana decided to buy ADESA auctions

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Carvana’s agreement to buy ADESA’s U.S. auction locations for $2.2 billion is arguably the most landscape-shifting move to impact the wholesale auto industry in decades, if not ever.

One might ask, though, why would a digital used-car retailer buy such a physical asset-heavy business as a bricks-and-mortar auto auction chain — especially at a time when the wholesale car business is moving further online?

What’s in it for Carvana?



Source : AutoFinanceNews