CarOffer Blog

As I write this, I’m thinking how much every industry has changed over the last year. More than changed, actually — progressed in unimaginable ways.

The Buying Matrix is one of the most powerful features on the CarOffer platform. We spoke to Jeff Bittancourt, Director of Operations to hear why this solution is so unique.

Dallas – February 25, 2021 – CBRE announced that CarOffer is moving its corporate headquarters to Addison Circle One in Addison. The company subleased approximately 60,000 square feet of office space at 15601 Dallas Parkway and is expected to...

Group Trade is one of the newest features on the CarOffer platform. We met with Nick Gerlach, VP of Dealer Relations to hear why this solution is so powerful.

1. Buying Discipline

We believe dealers have better things to do than spend hours in auction lanes – physical or simulcast - acquiring vehicles that are less than ideal for their market and overpaying for what they do get. CarOffer takes dealers’...

Cambridge, MA, January 14, 2021 – CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today announced it has completed the acquisition of a 51% interest in CarOffer, with the ability to buy the remaining equity interest in...

PLANO, Texas – January 7, 2021 – CarOffer, retail automotive’s first automated instant wholesale vehicle trade platform, rolled out a new vehicle sourcing and trading solution to meet the inventory needs of dealer groups. Now, in-group dealers...

This year, we’ve all watched demand for used vehicles gather strength and momentum with each passing month in 2020. And while the sales opportunities have surfaced, not all dealers have been able to take advantage of the situation.

By now, all dealers have experienced the mind-bending twists and turns of the 2020 used car market: sharp rises in demand, the scrambling for inventory, the pressure of overpaying for vehicles mid-summer, and the wide margins between wholesale...

 

There is a lot of news and interest these days surrounding the used vehicle market. Many analysts and industry leaders are surprised by the spike in used car sales and demand, which means many dealers were unprepared for it and didn’t stock...