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KKR, Baidu, Coatue to invest $170 million in China online used-car platform

2015-03-18 07:23:45| Auto Dealers - Topix.net

Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday they will jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market. Uxin will use the funds to expand a newly launched platform where auto retailers sell used cars to individuals, the companies said in a joint statement.

Tags: online china million platform

Annville Auto Center getting out of used-car sales

2015-03-04 22:42:54| Auto Dealers - Topix.net

Annville Auto Center, 896 E. Main St., will soon cease selling used cars and focus on wholesaling cars. Jeremy Long -- Lebanon Daily News The business, located at 896 E. Main St., will now focus solely on wholesaling cars, said facility manager Tom Risser.

Tags: center auto sales auto center

Carlypso, Beepi aim to ease the pain of used-car sales

2015-02-19 02:47:01| Auto Dealers - Topix.net

Miles Bennett-Smith, left, and his mother Elena Bennett are all smiles after purchasing a 2013 Honda Insight from Carlypso, a new online service for used-car buyers, Saturday, Feb. 14, 2015, in San Carlos, Calif. Chris Coleman the cofounder of a new online service for used-car buyers called Carlypso, hands paperwork to Elena Bennett, left, and her son Miles Bennett-Smith to complete their purchase of a 2013 Honda Insight, Saturday, Feb. 14, 2015, in San Carlos, Calif.

Tags: sales aim pain ease

AAA Mid-Atlantic takes on used-car dealers, opens its own sales lot

2015-01-27 15:53:58| Auto Dealers - Topix.net

AAA Mid-Atlantic has decided to expand into used-car sales, adding to a growing list of services it offers beyond roadside assistance and auto insurance. The not-for-profit organization has set up a sales lot on Brewster Avenue near the Philadelphia International Airport in Philadelphia for what it calls its "Select Pre-Owned Auto Dealership."

Tags: sales lot takes opens