CARS Closes Acquisition of The Accu-Trade Group, Adding Digital Vehicle Acquisition to the CARS Platform
Cars.com Inc has closed the acquisition of the Accu-Trade Group, which was announced last month. The Accu-Trade Group includes real-time, VIN-specific appraisal and valuation data, instant guaranteed offer capabilities and logistics technology.
Cars to Acquire The Accu-trade Group, adds Digital Vehicle Acquisition to the Cars Platform
Transaction Highlights:
Acquires powerful data and technology assets that allow dealers to efficiently buy and sell inventory through CARS’ extensive dealer network and tap into CARS’ massive in-market audience, improving dealer inventory turn and maximizing transaction margins
Enables real-time transparency on vehicle valuation and provides a trusted platform for secure online transactions for dealers and consumers looking to sell to qualified buyers
Further strengthens end-to-end capabilities on CARS’ platform, driving incremental revenue and ARPD opportunities
TrueCar Acquires Stake in Accu-Trade
Using the TrueCar Trade platform, consumers will receive a guaranteed offer for their used car. Offers can be delivered through TrueCar.com, the dealer’s website or on the showroom floor.
