PRESS RELEASE: CarGurus Completes Acquisition of CarOffer

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...

Read More

PRESS RELEASE: CarOffer’s New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

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...

Read More

Warning! Twists & Turns Ahead!

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.

Read More

Having Trouble Finding Quality Used Car Inventory? 7 Tips

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...

Read More

As we were saying, used vehicle sales and demand continues to rise.

 

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...

Read More

The Future to Managing Your Inventory

Amid the coronavirus crisis, the automotive industry has been just one among many to see drastic changes in function. The crowded, fast paced auctions that used to draw thousands of dealers is no longer the go-to source for stocking up on...

Read More

Dealers: Be Open to Change but Keep Things Simple

The way of doing business and buying cars is forever changed due to the pandemic. In normal circumstances, dealers would take some time to explore different solutions that digitized, centralized or modernized all or part of their services and...

Read More

Dealers: Pre-Owned Optimism and Supply Chain Disruption are Creating Dislocation

The way of doing business and buying cars has most likely forever changed due to the pandemic. What we’ve witnessed in the last three weeks has been the fastest “V” shaped pre-owned recovery we’ve ever seen. As the largest auction houses in the...

Read More

Surviving and Thriving Used Auto Sales During and After COVID-19 Pt. 3

What does it mean now that auto sales are categorized as essential, and lights can go on and doors can open? What it doesn’t mean is business as usual. Everyone is faced with a new challenge: How do I operate profitably during this transition to...

Read More

Surviving and Thriving Used Auto Sales During and After COVID-19 Pt. 2

What does it mean now that auto sales are categorized as essential, and lights can go on and doors can open? What it doesn’t mean is business as usual. Everyone is faced with a new challenge: How do I operate profitably during this transition to...

Read More