×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: GM | Carvana | online used car marketplace

GM Challenges Carvana With CarBravo Online Used Car Marketplace

Carvana car vending machine
A Carvana eight-story car vending machine that dispenses used cars to customers in Huntington Beach, California. (Getty Images)

Tuesday, 11 January 2022 12:34 PM

General Motors Co. said it will launch a new, online used vehicle market called CarBravo that will allow the automaker and its dealers to challenge Carvana Co., Carmax Inc. and others profiting from selling second-hand vehicles.

GM's CarBravo site will aggregate vehicles owned by Chevrolet, Buick and GMC dealers, as well as cars and trucks that GM's consumer finance arm controls after taking them back from rental car agencies or vehicle leases. GM officials said the company's dealers have about 400,000 used vehicles in stock.

GM said consumer launch of CarBravo will come in the spring.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
General Motors Co. said it will launch a new, online used vehicle market called CarBravo that will allow the automaker and its dealers to challenge Carvana Co., Carmax Inc. and others profiting from selling second-hand vehicles.
GM, Carvana, online used car marketplace
96
2022-34-11
Tuesday, 11 January 2022 12:34 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved