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Featured News

GWC Now Offers Service Contracts Nationwide
GWC Warranty is now able to operate in all 50 states.

The service contract provider has r...

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Lithia Expects Strong Pre-Owned Performance
Lithia Motors Inc. saw double-digit growth in its used-car operations in the first quarter, a trend ...

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AutoNation Sells More Used Cars
AutoNation Inc. reports that retail used vehicle unit sales increased 12 percent overall and 11 perc...

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GM Financial Reports Results
General Motors Financial Co. announced net income of $150 million for the quarter ended March 31, co...

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GWC Now Offers Service Contracts Nationwide
Lithia Expects Strong Pre-Owned Performance
AutoNation Sells More Used Cars
GM Financial Reports Results

Used Car News | Home

CarWoo Gets Funding, Hires Execs

CarWoo announced the closing of a $6 million funding round, bringing total funding to more than $12 million.

With the funding, CarWoo is adding industry veterans Rudi Thun, formerly general manager of AOL Autos, and Phil Yeh, previously with Dealix.

CarWoo finalized the additional funding from investors InterWest Partners, Comcast Ventures, Blumberg Capital, Raymond Tonsing and others.  Having more than quadrupled its dealer network over the past year to over 11,000 dealers, CarWoo intends to use this round of funding to continue that level of growth with their consumers, to launch new products, to further develop the team and to cultivate strategic partnerships.


 

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