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Topic: CarOffer

What’s new at CarGurus? Quarterly product updates

Posted by Beth Burke on May 16, 2022

The CarGurus Product teams have been hard at work, continuing to build new features and product enhancements that give our dealer partners more of what they need to succeed. Here are the key CarGurus product improvements you can expect now, and in the weeks to come.

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Topics: CarGurus news, CarOffer, Digital Deal, inventory, mobile app, product updates

CNBC on how CarOffer is opening up the used car market for dealers

Posted by Meg Bernazzani on March 16, 2022

“A faster, more reliable way for dealers to access inventory that other dealers want to unload because different cars sell well in different markets.”

On Monday, CarOffer, part of the CarGurus network, was featured in a segment on CNBC’s The News with Shepard Smith. The story captured the value CarOffer provides to dealers, showcasing how they’re opening up the market for used cars by trading them with other dealers and providing a glimpse into the energetic, stock market-like atmosphere helping fuel their growth.

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Topics: CarOffer, inventory, inventory acquisition, used car market

Sell My Car program now available in California

Posted by Beth Burke on February 22, 2022

We’re excited to announce that we’ve expanded the Sell My Car program to include our first state on the West Coast! Sell My Car is now available to shoppers and dealers in California. 

No need to request access – dealers subscribed to both CarGurus and CarOffer will be automatically enrolled in this program as “landed dealers.” Being a landed dealer means you’ll get exclusive first access to local inventory sold through the CarGurus Sell My Car page. 

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Topics: auto industry news, CarGurus news, CarOffer, inventory, Sell My Car

CarOffer reaches major milestone with 10,000 enrolled dealer rooftops

Posted by Beth Burke on February 15, 2022

We’re thrilled to announce that CarOffer, which is now part of the CarGurus network, has reached a milestone with 10,000 enrolled dealer rooftops on its automated instant wholesale vehicle trade platform – offering our dealers more opportunities to acquire and offload inventory. The impressive benchmark comes only two and a half years after launching its Buying Matrix™ platform, a revolutionary approach to vehicle ordering that provides dealers with an instant, efficient, and cost-effective way to buy, sell, and trade inventory.  

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Topics: auto industry news, CarOffer, inventory

Takeaways from Navigate ’21: optimizing wholesale to drive profitability for dealers

Posted by Meg Bernazzani on November 8, 2021

“The ability to source inventory from a variety of different places, we think, is a gamechanger.” – Bruce Thompson, CarOffer Founder & CEO

As the chip shortage persists and inventory remains scarce, traditional inventory sources are no longer cutting it. Instead, dealers are looking beyond standard wholesale auctions to partners like CarGurus and CarOffer to help them acquire vehicles online.

At Navigate last month, CarOffer Founder & CEO Bruce Thompson and CarGurus VP of Product Management Andrew Grochal explained the advantages of digital wholesaling. They also gave dealers a look at how our innovative technology is helping them overcome today’s inventory challenges. You can find their full Navigate session, CarOffer and CarGurus: Optimizing Wholesale to Drive Profitability for Dealers, here. Some tangible takeaways include the following.

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Topics: CarOffer, inventory, used cars, wholesale

How CarGurus and CarOffer are helping dealers fuel their pre-owned pipeline

Posted by Meg Bernazzani on August 26, 2021

March 28, 2022 Update: We’ve expanded the Sell My Car program yet again! It is now available to shoppers and dealers in the following states: Arizona, Ohio, North Carolina, & South Carolina.

The full list of states now includes: Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, North Carolina, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington D.C.

We know inventory acquisition has always been a challenge for dealers that’s only become increasingly complicated due to shortages caused by the pandemic. And though used car inventory has started to bounce back slightly, recovery has slowed and levels have not returned to what they were.

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Topics: CarGurus news, CarOffer, inventory, inventory acquisition

What’s new at CarGurus? Quarterly product updates

Posted by Meg Bernazzani on August 6, 2021

The CarGurus Product teams have been hard at work, continuing to build new features and product enhancements that give our dealer partners more of what they need to succeed. Here are the key CarGurus product improvements you can expect now, and in the weeks to come.

Read more
Topics: CarGurus news, CarOffer, inventory, product updates, rpm

NEW: Sell My Car program gives dealers first access to CarGurus shopper inventory

Posted by Meg Bernazzani on July 30, 2021

March 28, 2022 Update: We’ve expanded the Sell My Car program yet again! It is now available to shoppers and dealers in the following states: Arizona, Ohio, North Carolina, & South Carolina.

The full list of states now includes: Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, North Carolina, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington D.C.

At CarGurus, we’re constantly innovating and exploring new products and services to give our dealer partners, large and small, more of what they need to succeed. That’s why we’re thrilled to announce a new feature that lets dealers acquire inventory directly from our #1 audience of car shoppers.

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Topics: CarGurus news, CarOffer, inventory, Sell My Car

3 essential takeaways from our webinar CarGurus & CarOffer: Two platforms, one vision

Posted by Meg Bernazzani on June 23, 2021

CarGurus President & COO Sam Zales recently hosted a webinar in partnership with CarOffer’s CEO Bruce Thompson to discuss current industry trends and how dealers can lean on the CarGurus and CarOffer partnership to drive profitability.

Unfortunately, due to a technical problem, the webinar recording is unavailable. You can download the slides here, or take a look at these three essential takeaways:

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Topics: CarGurus, CarOffer, inventory, inventory acquisition, inventory sourcing, trends, wholesale

CarOffer acquisition opens new possibilities for dealers

Posted by Jeremy Sacco on January 14, 2021

As part of our ongoing commitment to providing dealers with more of the tools and services they need to get ahead in today’s digital-centric auto marketplace, we are very excited to announce that we’ve completed the acquisition of a 51% stake in the wholesale vehicle acquisition and selling platform CarOffer.

For those who aren’t familiar, CarOffer is an innovative inventory management platform for modern car dealers to buy, sell, and trade with automation and ease. Unlike traditional vehicle auctions, which require manual bidding and vehicle evaluation, CarOffer’s proprietary Buying Matrix technology lets buying dealers create standing buy orders and provides instant offers to selling dealers.

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Topics: CarOffer