General Motors Start Selling New Cars on eBay
Earlier this year car maker General Motor, who own brands like Pontiac and Chevrolet, filed for bankruptcy. However, from July this year, they have managed to break out and have stopped receiving bankruptcy protection.
Now that they have moved on, they are trying some new methods for being in more car sales. They are currently investigating in 2 new ways to sell cars. The first one is car leasing, which they had previously pulled out of this time last year. General Motors are currently planning to return to the contract hire market this year. As it’s coming directly from General Motors, they might be able to offer some very cheap van leasing offers as they can undercut much of their competition because the cars come straight off the production line.
The second method that’s being trialled is a deal with the American online auction website eBay. As of August 11th, within the California area, General Motors started listing brand new Buick, Chevrolet, GMC and Pontic cars onto the online auction site.
The listings will be run up until September on a trial basis, but with the almost all of the Californian GM dealers already signed up, the system is already becoming popular. The system will work by customers buying the cars for the listed price, or they can haggle for a lower price. Once a car is bought via the site, the customer is then required to travel to one of the listed retailers and pick up the car.
If the system is said to be successful by both eBay and General Motors, they will look to bring the system in across the entire United States. Also if other companies see the methods being successful, I wouldn’t be surprised if we saw other manufacturers offering car leases such as a Mazda lease.
