Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run rampant. Loans themselves — where there were loans to be gotten — were expensive. And as detailed here, delinquencies have...
For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still) high interest rates — tough to afford for many consumers, as the spate of recent earnings reports from the online...
CarGurus has been rolling out new artificial intelligence (AI) features to give both dealers and consumers the information they’re looking for. With these offerings, the digital platform for shopping, buying and selling new and used vehicles has improved engagement, delivered insights and increased efficiency, CarGurus...
Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender on the online automotive platform, CarGurus said in a Monday (Jan. 29) press release. With over 70% of car shoppers wanting...
November 08, 2024
Offering car dealers and shoppers value beyond the leads it has traditionally delivered is paying off for digital auto platform CarGurus. The company’s fastest-growing product is its Digital Deal tool, which enables consumers to start their financial application, book an appointment and start a trade-in online before completing the process at the dealership, CarGurus CEO […]
February 26, 2024
CarGurus has been rolling out new artificial intelligence (AI) features to give both dealers and consumers the information they’re looking for. With these offerings, the digital platform for shopping, buying...
January 29, 2024
Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender on the online automotive platform,...
November 09, 2023
Digital automotive platforms are adding features and cutting costs as they continue to cope with a challenging economic environment. CarGurus executives said Tuesday (Nov. 7) during a quarterly earnings call that...
