General Motors Company (GM +0.2%) is launching an online used vehicle market this spring called CarBravo. While the platform is expected to largely facilitate sales to dealers, it places GM in closer competition to online sellers like Carvana (CVNA +2.9%), CarMax (KMX -0.7%) and Vroom (VRM +5.7%).
The new site is expected to debut this spring with Chevrolet, Buick and GMC dealers offering GM-branded vehicles as well as used vehicles from other automakers.
https://seekingalpha.com/news/3787229-general-motors-plans-t…
KMX down only slightly on the news. I guess GM is not as scary as Amazon.