eBay and carmaker Saturn today announced they are teaming to sell used cars at the online auctioneer's Web site.
Saturn, a unit of General Motors, and its retailers will inspect used
cars--not limited to Saturn or GM models--that will be sold on eBay and on
the co-branded eBay-AutoTrader.com site.
For Saturn, the move comes as sales of its cars have slumped dramatically.
Less than a month ago, the carmaker said it will lay off 490 workers from
its Wilmington, Del.-based assembly plant--about 20 percent of its 2,413
Meanwhile, eBay has bet on tapping into the growing number of consumers
shopping for used cars on the Internet. The number of used-car buyers
seeking help on the Internet almost doubled last year to 26 percent and
could reach more than 50 percent by 2003, according to a J.D. Power &
In March, the online auction leader teamed with AutoTrader.com to create
the Internet's largest auction site for buying and selling used cars.
Financial terms of today's deal were not disclosed.