Largest Used-Car Dealer? You'll Be Surprised!

December 27, 2004 06:53 AM

Largest Used-Car Dealer? You'll Be Surprised!

Excerpt: An adjunct of the phenomenal online auction business that started out selling trinkets among flea-market junkies, eBay Motors has grown to the point that this year it is expected to handle more than $7 billion in transactions.

Quiz time: Who is the nation's largest dealer in used cars?

If you say anything other than eBay Motors, you flunk.

An adjunct of the phenomenal online auction business that started out selling trinkets among flea-market junkies, eBay Motors has grown to the point that this year it is expected to handle more than $7 billion in transactions.

Although only a middleman -- eBay Motors owns no inventory -- it has proven a potent marketplace in which mostly used cars change hands for as little as a few hundred dollars to as much as several hundred thousand dollars.

By offering such safeguards as an escrow service, independent vehicle inspections and transport -- all for a fee -- as well as the eBay feedback forums that largely keep buyers and sellers honest, eBay Motors has created an atmosphere in which deals can be done among people a continent apart.

READ FULL STORY ...

5 Tips: Buying A New Car (January 15, 2005)

You may not be one of the "gear-heads" in Detroit this week for the Annual North American International Auto Show, but you're still gawking at the hot wheels. Why not start the year in a new driver's seat? Getting the best deal can be tricky ...

Reinventing The Wheel (And The Tire, Too) (January 03, 2005)

THE first automobile to use air-filled tires was a racecar built by André and Édouard Michelin in the early 1890's. More than a century later, the French company founded by the Michelin brothers is so identified with pneumatic tires that its mascot, Bibendum, is a ...

Cutting Auto Costs With Car Sharing (December 27, 2004)

Some people consider driving a car enjoyable; others look at it as a necessary evil. Either way, it's a big expense, and one that's growing all the time between the initial purchase cost, maintenance, insurance and rising gas prices. In urban centers, there's also the ...

Holiday Car Shopping (December 22, 2004)

The presents are all unwrapped. The egg nog is finished. The kids are playing with their new toys. So what do you do while you wait for the new year? You could go car shopping. "Most anyone will tell you that this time of the ...

Read all 11 posts in the same category of Car:

It Pays To Surf For Auto Loans Online - Jan 23, 2005
5 Tips: Buying A New Car - Jan 15, 2005
Reinventing The Wheel (And The Tire, Too) - Jan 03, 2005
Cutting Auto Costs With Car Sharing - Dec 27, 2004
Holiday Car Shopping - Dec 22, 2004
8 Top Auto Maintenance Myths - Dec 19, 2004
Buy a New 2004 or a 2005? - Dec 17, 2004
Bargains On Stranded Cars - Dec 02, 2004
Tips For Saving Fuel - Nov 26, 2004
Leasing Demystified - Nov 26, 2004

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