Carvana Steps Out of Digital, to Acquire Adesa Auction House for $2.2B

Carvana  (CVNA) – Get Carvana Co. Class A Report is being proactive as it fights against rising used car prices and increased competition amid a global shortage of semiconductors that continues to hamper the auto industry.

Used vehicle sales totaled 40.9 million units in 2021, according to Cox Automotive, an all-time record that represented 10% year-over-year growth. 

This increase was despite prices that soared in 2021, bringing the Manheim Used Vehicle Value Index to a record high of 236.2 in December, implying a 46.6% jump year over year.