Skip to Content Facebook Feature Image

Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Seattle

News

Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Seattle
News

News

Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Seattle

2025-07-28 21:01 Last Updated At:21:10

SEATTLE--(BUSINESS WIRE)--Jul 28, 2025--

Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced plans to bring Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Seattle wholesale auction site. This move not only increases Carvana’s national reconditioning capacity but also enhances its offerings for both retail and wholesale customers in the region.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250728033406/en/

Located in Auburn, Washington, ADESA Seattle has served wholesale customers for more than four decades. The 40-acre site with 4,000 parking spaces offers substantial infrastructure to support Carvana IRC operations alongside ADESA’s ongoing digital and in-lane auction services. In connection with this move, Carvana has already begun hiring in the area and expects to create approximately 100 new jobs across entry-level and skilled roles in inspection, reconditioning, and fulfillment over time.

“Adding IRC capabilities at ADESA Seattle deepens our presence in the region, bringing more selection and faster delivery options to local retail customers and more robust auction services to our wholesale partners,” said Brian Boyd, senior vice president of inventory at Carvana. “We’re proud to strengthen our customer offering and continue growing our team in the Pacific Northwest.”

With this integration, Carvana is expanding its total reconditioning capacity and establishing a new pool of retail inventory in the Seattle area, unlocking faster delivery times for local customers. Wholesale customers will benefit from enhanced on-site services while continuing to access the full functionality of ADESA’s in-lane and digital platforms.

The site’s efficient transition to an IRC-enabled facility is supported by Carvana’s proprietary software platform, CARLI, which drives operational consistency and scale across the company’s national reconditioning network.

Forward Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Carvana’s current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, strategy, future performance, and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning.

Forward-looking statements include all statements that are not historical facts, including expectations regarding our operational and efficiency initiatives and gains, our strategy, forecasted results, including forecasted Adjusted EBITDA and forecasted retail units sold, potential infrastructure capacity utilization, efficiency gains and opportunities to improve our results, including opportunities to increase our margins and reduce our expenses, trends or expectations regarding inventory, anticipated benefits of integrations, job creation and future staffing needs, and our long-term financial goals and growth opportunities. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Among these factors are risks related to: our ability to utilize our available infrastructure capacity and realize the expected benefits therefrom, including increased margins and lower expenses; the benefits from our initiatives relating to ADESA; the larger automotive ecosystem, including consumer demand, global supply chain challenges, and other macroeconomic issues (including the imposition of new or increased tariffs); our ability to raise additional capital and our substantial indebtedness; our ability to effectively manage our rapid growth; our ability to maintain customer service quality and reputational integrity and enhance our brand; the seasonal and other fluctuations in our quarterly and annual operating results; our relationship with DriveTime and its affiliates; the highly competitive industry in which we participate, which among other consequences, could impact our long-term growth opportunities; the changes in prices of new and used vehicles; our ability to acquire and expeditiously sell desirable inventory; our ability to grow complementary product and service offerings; and the other risks identified under the “Risk Factors” section in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. Carvana does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise.

About Carvana

Carvana’s mission is to change the way people buy and sell cars. Since launching in 2013, Carvana has revolutionized automotive retail and delighted millions of customers with an offering that is fun, fast, and fair. With Carvana, customers can find a car, get financing, trade in, and complete a purchase entirely online with the convenience of delivery or local pickup as soon as the same day. Carvana’s unique offering is powered by its passionate team, differentiated national infrastructure, and purpose-built technology.

For more information, please visit www.carvana.com.

About ADESA

ADESA is a leader in wholesale auto, providing comprehensive remarketing and logistics solutions that help OEMs, financial institutions, fleets, and dealers source, sell and manage cars efficiently and profitably. ADESA customers across the country enjoy access to its extensive physical auction network, robust digital offerings, and value-added services. ADESA is owned by leading online automotive retailer Carvana (NYSE: CVNA). Learn more about ADESA here.

Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Seattle

Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Seattle

HINWIL, Switzerland--(BUSINESS WIRE)--Jan 16, 2026--

Audi Revolut F1 Team today announced a multi-year partnership with Nexo, the leading digital assets platform. The strategic partnership sees Nexo become the team’s inaugural official digital asset partner, placing Nexo’s next-generation digital tools on a global stage.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260116368670/en/

The partnership marks a pivotal moment for both organisations as Audi Revolut F1 Team enters Formula 1 and Nexo accelerates its growth as a premium digital asset platform. Ambitious and performance-driven, both brands are aligned around a shared trajectory of innovation and disciplined execution, underpinned by a common engineering mindset and a focus on performance at the highest level.

Over the course of the partnership, Nexo will activate globally through premium experiences and digital-first engagement. Exclusive opportunities designed to bring fans and Nexo clients closer to Audi Revolut F1 Team will include exclusive access, co-created content and education, and next-generation immersive brand experiences.

Stefano Battiston, Chief Commercial Officer of Audi Revolut F1 Team: “Today, we are proud to welcome Nexo as our official digital asset partner at a moment of strong growth for both organisations. The partnership reflects a shared ambition to scale with discipline and innovation, and to create tangible value — from exclusive experiences to new ways of engaging our global fanbase and Nexo’s clients.”

Antoni Trenchev, Co-founder, Nexo: “Nexo was built for a demanding reality: instant, self-directed, and always on. Partnering with Audi Revolut F1 Team at the start of their new era is a statement about how we see the future. As the team’s official digital asset partner, we will bring meaningful utility and premium experiences to a global audience, grounded in the same discipline and precision that defines success in motor sports.”

About Nexo

Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.

Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 150 jurisdictions. With over $11 billion in AUM and over $371 billion processed, we bring lasting value to millions worldwide. Our all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and liquidity solutions, including the first crypto debit/credit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.

Official website: nexo.com

About Audi Revolut F1 Team

Audi Revolut F1 Team is the official factory team of Audi, as the brand enters the FIA Formula 1 World Championship for the first time in 2026. This project, in which Audi will create its own hybrid drive system ('power unit') developed in Germany, represents the ultimate expression of the manufacturer's ‘Vorsprung durch Technik’ philosophy and embodies a long-term commitment to compete at the pinnacle of motorsport with the clear objective of challenging for world championships by 2030. Audi Revolut F1 Team is based in three locations: the power unit is developed by Audi Formula Racing GmbH at the Audi Competence Center Motorsport in Neuburg, Germany; the chassis is engineered and race operations are managed from the state-of-the-art facilities of Audi Motorsport AG in Hinwil, Switzerland; while the Audi Motorsport Technology Centre UK in Bicester, United Kingdom, provides a foothold in the heart of 'Motorsport Valley', with direct access to top F1 talent and key strategic partners. This integrated structure provides complete control over the project, embedding a culture of precision, innovation, and relentless performance. Audi’s entry is strategically timed to coincide with new Formula 1 regulations focused on increased electrification, as the electric share of the hybrid drive is raised to almost 50%, and the introduction of 100% sustainable fuels. The entry into Formula 1, one of the most important platforms in the world, serves as a high-tech catalyst for the entire Audi brand, acting as a global stage to demonstrate technological leadership and connect with new, diverse audiences by creating cultural impact that resonates far beyond the race track.

Audi Revolut F1 Team Welcomes Nexo as Official Digital Asset Partner

Audi Revolut F1 Team Welcomes Nexo as Official Digital Asset Partner

Recommended Articles