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Short Take: CarDay launches service

Online used car auctioneer CarDay launched services today in Boston, Hartford and Providence. The auction company says that all vehicles are inspected and have a 6-month, 6,000-mile warranty. CarDay has $25 million in funding from Goldman Sachs, Odeon Capital Partners, Citigroup Investments and Sierra Ventures. It plans to spend $8 million on an advertising campaign in the New England area over the next several months.

Online used car auctioneer CarDay launched services today in Boston, Hartford and Providence. The auction company says that all vehicles are inspected and have a 6-month, 6,000-mile warranty. CarDay has $25 million in funding from Goldman Sachs, Odeon Capital Partners, Citigroup Investments and Sierra Ventures. It plans to spend $8 million on an advertising campaign in the New England area over the next several months.