Carvana to Integrate Vehicle Reconditioning Center into ADESA Golden Gate Wholesale Auction Site

Carvana Co. (NYSE:CVNA) is one of the most promising long-term stocks to buy. On September 9, Carvana announced its plans to integrate Inspection and Reconditioning Center/IRC capabilities into the existing ADESA Golden Gate wholesale auction site. The strategic move brings IRC operations alongside ADESA’s ongoing wholesale auction services and is designed to boost Carvana’s national reconditioning capacity.

The integration will use the existing infrastructure of ADESA Golden Gate, located in Tracy, California, a site that spans over 150 acres and offers ~25,000 parking spaces, having served wholesale customers for over five decades. By establishing a new pool of retail inventory in the Bay Area, the integration will support faster delivery times for Carvana’s local customers.

Wholesale customers at ADESA Golden Gate will also benefit from enhanced on-site capabilities in addition to the full functionality of ADESA’s digital and in-lane auction platforms. The efficient transition of the site is supported by Carvana’s proprietary software platform, CARLI, which ensures operational consistency and scale across the national reconditioning network.

Carvana Co. (NYSE:CVNA) operates an e-commerce platform for buying and selling used cars in the US. The company has a range of offerings, such as vehicle acquisition, inspection & reconditioning, online search & shopping experience, financing, and complementary products.

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Disclosure: None. This article is originally published at Insider Monkey.