GettaCar's now Getta, and it's buying dealerships

[Greg Spencer]

The community here's probably familiar with GettaCar, which is an online dealer with a geographic focus on Philadelphia, Washington DC and a few other nearby markets. The CEO announced this week on LinkedIn that it's now "Getta" and it's buying dealerships and turning them into digital-retail -- or 'omni-channel' -- powerhouses. These guys don't disclose revenue figures, but say they're growing quickly and a year ago, they announced a $25M fundraise. At the same time, they're doubling down on brick-and-mortar retail at a time when the big online competitors (Carvana, Vroom) centralize processing and put their showrooms online. What do you all think?

Introducing the new Getta: Getta is on a mission to modernize the car… | Getta

Introducing the new Getta: Getta is on a mission to modernize the car buying experience by acquiring traditional dealerships and digitally-transforming them…

www.linkedin.com

 

[BEW01]

At the prices franchised dealerships are selling for $25 Mil ain't gonna go very far