With the addition of CARWAVE’s scale and financial performance, KAR expects to be immediately profitable across its North American dealer-to-dealer platforms.
August will be a fourth consecutive month of slowing sales and looks to be coming in even lower than our forecast of 1.2 million, a 9% decline from August 2020.
As younger generations of early tech adopters continue entering the car-buying market, we can expect interest in EVs to continue growing.
Haig Partners released its Q2 2021 Haig Report, a quarterly report that tracks trends in auto retail and how they impact dealership values.
The rate of depreciation has been slowing in recent weeks and this past week, the overall Car segment week-over-week change crossed back into positive territory, with six out of the nine Car segments reporting gains.