eBay acquires Caramel to reduce risk and complexity of online car sales
1. eBay plans to acquire Caramel to enhance vehicle transaction services. 2. Caramel helps users with verification, financing, and paperwork in car sales. 3. The move aims to improve trust and reduce scams in vehicle transactions. 4. eBay faces competition from Amazon's entry into the online car sales market. 5. Acquisition expected to close in Q1 2025, financial details not disclosed.