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CarGurus' New Car Demand Index fell over 3% year-over-year in January amid declining consumer confidence and sentiment driven by current economic concerns.
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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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HOFFMAN ESTATES, Ill. — CDK Global today announced a strategic relationship with online automotive marketplace CarGurus. Through this collaboration, users of CDK websites will gain exposure for their inventory on CarGurus.com as well as leads from CarGurus shoppers. CDK will also leverage CarGurus’ anonymized, aggregated data in its suite of automotive digital marketing solutions, allowing ... Read More »
Read More →AUSTIN, Texas — On Monday, the Texas Department of Motor Vehicles Enforcement Division determined that CarGurus’ online advertisements are now in compliance with state law — after the vehicle-shopping site revised its practices. In April, the Texas DMV issued a letter to CarGurus advising that the way it lists used-car prices on its website violated ... Read More »
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