Sad to see them go, there are so many things wrong with the way Americans are treated when buying and selling a car. Even though I work for a company in the same space it was great to have a company like them around to keep us on our toes.
Most people understand that like trading in anything used, you get what you bargain for. The quality varies, prices vary and you risk buying crap sometimes. Don't like that? Pay a bit more and buy extended warranty or precertified cars.
To sell your car, there's KBB, carmax, cars.com and any dealer you want to buy a car from.
Beepi was just one of the many options (no hassle no haggle). However, instead of being a marketplace like cars.com, it took ownership of the transaction probably with hopes to take a bigger chunk of the transaction but effectively became a dealer. Car dealer margins are like 2%. At a 5x multiple, it would be worth 10% of Sales.
