This startup pits dealerships against each other to bid on your used car
Startup Bidbus has raised $15 million to scale its digital marketplace that allows car dealerships to bid on used vehicles from private sellers. The platform aims to increase market efficiency and provide consumers with higher trade-in offers than traditional services.
Why it matters
The startup addresses inefficiencies in the used-car market, potentially changing how consumers trade in vehicles and how dealerships source inventory.
Selling a car is a pain. You can take the easy route and use services like Carvana, but you may wind up with thousands of dollars less than your car is worth. Or, you could hope for more by going to a dealership, but the dealer’s offer can vary wildly depending on what they’re looking for, never mind the extra time and effort on your part.
The article provides a straightforward business report on a funding round and the company's value proposition.
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