Cars.com parent company Cars Commerce has acquired DealerClub, a digital wholesale auction platform that facilitates transactions between automotive dealers. With this move, Cars Commerce expands into the wholesale market, the company said in a Friday (Jan. 24) press release. “By integrating DealerClub’s technology onto the Cars Commerce platform,...
With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this week that private equity firm Thoma Bravo is looking into selling Canadian digital automotive marketplace Trader, which it acquired in...
Consumers — especially younger generations — are conducting more and more purchases digitally, but especially for high-consideration, large-ticket items such as cars, many shoppers are not willing to give up the in-person experience. In an interview with PYMNTS, Rebecca Lindland, senior director of industry data...
The pandemic-era supply chain issues that hit the car industry may have abated. But that doesn’t mean things are back to normal, and — as Seeking Alpha noted in a report Sunday (Sept. 3) — that’s good news for the used car sector. According to...
June 28, 2024
With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this week that private equity firm Thoma Bravo is looking into selling Canadian digital automotive marketplace Trader, which it acquired in 2016. The company’s valuation could be $2.9 billion or more […]
March 11, 2025
American car buyers are reportedly speeding up their shopping due to tariff worries. As Reuters reported Tuesday (March 11), car dealers have an average three-month supply of vehicles, and car companies have so far gotten two reprieves on tariffs since President Donald Trump said they would go into effect. Still, the report added, uncertainly has consumers scrambling. […]
January 24, 2025
Cars.com parent company Cars Commerce has acquired DealerClub, a digital wholesale auction platform that facilitates transactions between automotive dealers. With this move, Cars Commerce expands into the wholesale market, the company said...
September 03, 2023
The pandemic-era supply chain issues that hit the car industry may have abated. But that doesn’t mean things are back to normal, and — as Seeking Alpha noted in a...
March 02, 2022
Online automotive marketplace Cars.com Inc. has finalized its acquisition of the Accu-Trade Group, which was announced last month, bringing real-time, VIN-specific appraisal and valuation data, instant guaranteed offer capabilities and logistics...