Beepi merges with mobile car-buying platform co-founded by Scott Painter

Beepi Inc., an online used-vehicle marketplace, has merged with Fair.com, an upcoming mobile car-buying platform founded by former TrueCar CEO Scott Painter and two other industry veterans.

Incentives, excess new-car inventory, put a drag on used vehicle values

An increase in new-car incentives and “channel stuffing” -- excess new-vehicle inventory on dealers' lots -- caused used-vehicle prices

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