This startup pits dealerships against each other to bid on your used car

A startup called Bidbus has created a marketplace where dealerships bid against each other for your used car. Sellers upload their car details and multiple dealers make offers. The average offer is $2,000 to $3,000 higher than what Carvana offers. Bidbus has raised $15 million in Series A funding led by Ibex Investors. The company currently operates in California and Texas and plans to expand. The founder got the idea after getting low offers for his mother's car.

Selling a used car has always been a hassle. Services like Carvana offer convenience but pay less than market value. Dealerships may pay more but the process takes time and effort. Bidbus combines the best of both by letting dealers compete online. The used car market is huge and inefficient. Many good cars sit in driveways because owners do not know their true value. Bidbus says the problem is not that cars are unaffordable but that the market is inefficient.

If you sell a car, Bidbus could get you thousands more. It makes the car selling process easier and more fair for regular people.