SAN JOSE, Calif. - Online marketplace eBay Inc., best known for its auctions, is buying undisclosed assets of CARad.com, an online auction management service in Texas that is used by car dealers.
eBay also said it has formed a partnership with kbb.com, whereby the online information service makes eBay Motors its exclusive auction partner. eBay had a similar partnership with AutoTrader.com until Dec. 31, 2002.
Terms of both deals were not disclosed. eBay, which wants to increase business with auto dealers this year, says it helped sell more than 300,000 used vehicles in 2002.