Consumers Can Sell Vehicles 100% Online with CarGurus Instant Max Cash Offer
CAMBRIDGE, Mass., July 30, 2021 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today announced CarGurus Instant Max Cash Offer, a new offering powered by CarOffer to help consumers sell their vehicles 100% online and have them picked up at the location of their choice. Starting with a roll out in Florida, Massachusetts and Texas, CarGurus shoppers in those states will now be able to digitally sell their vehicle to interested dealers via CarOffer’s Buying Matrix platform. Unlike many existing offerings to sell your car online, CarGurus Instant Max Cash Offer instantly presents consumers the highest offer available from the thousands of dealerships in the CarGurus/CarOffer network.
This latest offering addresses two of the most prevalent automotive retail trends currently facing the marketplace. First, consumer interest in completing more elements of buying and selling cars online versus in-person has accelerated rapidly. Second, dealerships are hungry to find new and efficient ways to acquire vehicles amid the current industry shortages.
Consumers can sell their vehicle 100% online with CarGurus Instant Max Cash Offer
How it works for consumers:
“We are headed towards a digital world where shoppers and dealers are both buying and selling vehicles online, and CarGurus is in a prime position to help both do so with the technology-first approach that we are known for in the industry,” said Sam Zales, President and Chief Operating Officer at CarGurus. “CarGurus Instant Max Cash Offer will not only let consumers sell their car online from the comfort of their home while securing the top offer from thousands of dealerships, but will also help those dealerships gain a competitive position amid this new digital retail environment and level the playing field with the industry’s largest consumer vehicle retail buyers.”
How it works for dealerships:
“Inventory acquisition is a major priority at Archibald’s and we often look for ways beyond auctions or trade-ins to purchase vehicles, and that includes searching for consumers who may not immediately come to us to buy a car,” said Danny Archibald, Owner of Archibald’s. “CarGurus’ large shopper audience coupled with this latest offering should increase both the quantity and types of inventory coming through our dealership, and we’re excited to see how it can work for our business.”
Dealerships interested in learning more about this program can contact their CarGurus sales representative or email FAQ@cargurus.com. Additionally, dealerships can read more about this latest offering on CarGurus’ Dealer Resource Center.
CarGurus® is a registered trademark of CarGurus, Inc. All product names, trademarks and registered trademarks are property of their respective owners.
© 2021 CarGurus, Inc., All Rights Reserved.
Cautionary Language Concerning Forward-Looking Statements
Healthcare: The Patient The Doctor and The Bill
Keynote Presentation - Open to all Badge Holders
Presentation Details TBA