GM to Sell New Cars on eBay

zzebaymotors

Select GM dealers will sell new cars through eBay as part of a four-week trial. CNNMoney has more:

Under the program, which begins Tuesday, consumers will be able to bargain with the dealers for Chevrolet, Buick, GMC and Pontiac cars and trucks from model years 2008, 2009 and 2010. The program ends Sept. 8.

The new car shopping website, gm.ebay.com, will feature a “wide selection” of up to 20,000 new GM vehicles at “competitive prices,” the companies said in a press release.

Customers will be able to buy cars outright at the advertised price using the Web site’s “Buy It Now” option. Alternatively, customers can suggest a price under the “Best Offer” option, which may then be negotiated with the dealer.

The eBay program will only apply to California dealers. I shudder to think of the shipping costs if the buyer is located far away.

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Business Notes

Ford stock jumped to $7.50/share today, after the company posted a surprise profit.

Apple is killing it with its new iMac, Magic Mouse, and Mac mini.

GM will shut down Saturn as a result of the collapsed Penske deal.

Google has purchased reCAPTCHA, which could help its text scanning project.

The postal service is offering workers up to $15,000 to leave their jobs.

... More Biznotes


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