The World

Automaker Bids on Ebay

General Motors is now letting consumers buy new cars on the auction site eBay. The Takeaway is joined by Louise Story, financial writer for The New York Times, and John McEleney, chairman of the National Association of Automobile Dealers.

General Motors is trying something new: it’s letting consumers buy new cars on the auction site eBay. Will it work? Approximately three million used cars have been sold online in the past, but to-date, no car dealer has sold new cars this way. Louise Story, financial writer for The New York Times, takes a look. We’re also joined by John McEleney, chairman of the National Association of Automobile Dealers, as he explains what the GM-eBay partnership means for private dealers across the country.