Auto sales platform fully absorbs Texas-based digital automotive wholesale business.
Accelerated purchase of remaining stake in the digital wholesale marketplace meant to bolster growing synergies between the two companies.
Analysts cite larger inventories, higher interest rates and economic uncertainty as the reasons.
CarGurus.com reveals the average listing price for a new electric vehicle stood just under $60,000 at the end of June, marking a 13% increase since February.
Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices.
A study by CarGurus Inc. released this week finds Americans may need less encouragement than originally believed to make the switch to electric cars and trucks.
CarGurus survey shows more education and awareness needed around auto loan literacy.
Through the collaboration, dealers using CDK websites will gain exposure for their inventory as well as high-quality leads from CarGurus.com. CDK will also leverage the online automotive marketplace’s anonymized, aggregated data in its suite of automotive digital marketing solutions.
GarGurus has named Sara Welch senior vice president of consumer marketing. The 10-year marketing veteran previous held executive marketing roles at Gazelle and TripAdvisor.
Ford is now syndicating its dealers’ new-vehicle inventory to CarGurus.com, a vehicle-shopping site that has drawn criticism for the way it rates dealers and their deals.
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