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Auto sales platform fully absorbs Texas-based digital automotive wholesale business.
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Accelerated purchase of remaining stake in the digital wholesale marketplace meant to bolster growing synergies between the two companies.
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Analysts cite larger inventories, higher interest rates and economic uncertainty as the reasons.
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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.
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Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices.
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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.
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CarGurus survey shows more education and awareness needed around auto loan literacy.
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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.
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'Da Man' wonders if the lead-generation business is gasping its last, wheezy breath.
Read More →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.
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