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Los Angeles startup Bidbus operates a digital marketplace where dealers bid on used cars, yielding sellers $2,000 to $3,000 more than Carvana. The company raised a $15 million Series A led by Ibex Investors. Bidbus has helped sell around 10,000 cars and works with dealership groups like Lithia Motors and Penske Automotive.
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Summary by ByteBrief
New EV Sales Have Cratered, But the Used Market Is Setting Records