Cars.com | Jotup

CHICAGO AUTO SHOW WELCOMES RETURNING AND NEW SPONSORS

Retrieved on:

Montag, Februar 5, 2024

CHICAGO, Feb. 5, 2024 /PRNewswire/ -- Sponsors continue to show their support of the 2024 Chicago Auto Show with annual renewals from partners including Cars.com, ComEd, Powering Chicago, NASCAR, and Wintrust. Sponsors joining the show for the first time include AT&T, Volta, Weber, and US ARMY.

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Public Show Runs February 10-19, 2024
CHICAGO, Feb. 5, 2024 /PRNewswire/ -- Sponsors continue to show their support of the 2024 Chicago Auto Show with annual renewals from partners including Cars.com, ComEd, Powering Chicago, NASCAR, and Wintrust.
Powering Chicago returns for 2024 as a premier partner, once again bringing their EV Learning Center to the Chicago Drives Electric track.
The NASCAR Chicago team also returns to the Chicago Auto Show, this year with the opportunity to drive the Chicago Street Course on new racing simulators.
For more information on Chicago Auto Show sponsorships, contact the Marketing and Sponsorships Director, Jim OBrill at [email protected] .

Cars Commerce Addresses Automotive Retailers' Top Three Pain Points to Help Them Unleash Growth in 2024

Retrieved on:

Dienstag, Januar 30, 2024

Cars.com, OEM, SRL Diagnostics, Growth, Experience, Comparison, Acquisition, NADA, Original equipment manufacturer, OBD, Pain, News, Online shopping

CHICAGO, Jan. 30, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc. "), an audience-driven technology company empowering automotive, today shared the top three dealer pain points in 2024 and how the company plans to help its customers solve these challenges to unleash growth.

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CHICAGO, Jan. 30, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc. "), an audience-driven technology company empowering automotive, today shared the top three dealer pain points in 2024 and how the company plans to help its customers solve these challenges to unleash growth.
This news comes ahead of the 2024 NADA Show in Las Vegas Feb. 2-4, where dealers and partners can experience the Cars Commerce platform and its connected solutions live in booth #3421W.
We built the Cars Commerce platform to solve the connected-commerce conundrum in automotive.
Our platform unites the tiers and connects the shopper experience all while reducing complexity for retailers so they can sell more cars more profitably."

FordDirect Selects AccuTrade as its Preferred Vehicle Acquisition and Trade and Appraisal Solution For Its 3000+ U.S. Ford Dealers and Lincoln Retailers to Turn More Cars for More Profit

Retrieved on:

Mittwoch, Januar 24, 2024

Cars.com, Instant Cash, Learning, SRL Diagnostics, Consumer, Growth, The Shop, Ford, Shop, Acquisition, OBD, Vins, Online shopping

Half of the retailers leveraging the AccuTrade solution in the service drive in 2023 at least doubled their volume of service drive appraisals from January to December².

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Half of the retailers leveraging the AccuTrade solution in the service drive in 2023 at least doubled their volume of service drive appraisals from January to December².
"FordDirect's mission as a trusted partner and resource to our retailers is to work with the best vendors in the market to support the needs of all Ford Dealers and Lincoln Retailers.
"AccuTrade allows dealers to turn vehicle acquisition into a true profit center, ensuring they secure a healthy margin at the point of acquisition with a guaranteed offer backed by Cars Commerce."
Ford Dealers and Lincoln Retailers that are interested in learning more about AccuTrade, can visit the Cars Commerce booth (#3421W) at the 2024 NADA Show in Las Vegas Feb. 2-4 or visit www.carscommerce.inc .

2024 Automotive Trends: Cars Commerce Explores Driving Forces Transforming Car Buying and Selling

Retrieved on:

Mittwoch, Januar 3, 2024

Cars.com, Geography, Big Three (automobile manufacturers), OEM, Inflation, EVS, Gen, Commerce, News, Uncertainty, Internet, YOY, Electrification, Employment, Generation Z, EV, Toyota, Online shopping

CHICAGO, Jan. 3, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company empowering automotive, today released its 2024 Automotive Trends. Economic uncertainty and tight inventory levels remain top concerns in 2024, but Gen Z provides a bright spot for retailers, with 80% of young shoppers moving from online to offline and opting to finish the deal in the showroom.1 American shoppers are supporting American workers as we head into the new year, with almost 50% willing to spend more on locally made vehicles.2 And despite the government's best efforts, consumers are eyeing EVs, but few are committing. The main questions steering the automotive retail landscape into 2024 are: Who's buying? What's available? And the biggie: What's the price tag?

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CHICAGO, Jan. 3, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc. "), an audience-driven technology company empowering automotive, today released its 2024 Automotive Trends .
The main questions steering the automotive retail landscape into 2024 are: Who's buying?
Consumers are feeling the impact of broad economic and political forces, especially in their wallets," said Rebecca Lindland, senior director of industry data and insights at Cars Commerce.
Cars Commerce predicts five trends will influence the auto industry in 2024 and beyond:
Buyers turn budget-savvy.

Auto Link Encourages Financial Institutions to Embrace Digital Auto Retailing Following Amazon Announcement

Retrieved on:

Mittwoch, Dezember 6, 2023

Auto Trader, Cars.com, Auto-linking, Machine learning, FIS, Research, TrueCar, CLO, Knowledge, Amazon, CMO, Online shopping

HARAHAN, La., Dec. 6, 2023 /PRNewswire/ -- Auto Link, a leading fintech and marketing company serving over 175 financial institutions, is delivering an important message to financial institutions ("FI") – pay close attention to the recent Amazon announcement.

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HARAHAN, La., Dec. 6, 2023 /PRNewswire/ -- Auto Link, a leading fintech and marketing company serving over 175 financial institutions, is delivering an important message to financial institutions ("FI") – pay close attention to the recent Amazon announcement.
Car financing starts with online car research and the research portal used controls the digital conversation and finance offerings.
Auto Link offers a turnkey digital alternative to keep FIs in the game and help them compete with Amazon and other digital marketplaces.
"We created Auto Link to help financial institutions stay connected with potential borrowers because of the shift to digital in auto research, buying, and financing.

13 Million Reviews Don't Lie: Cars.com Reveals Top Automakers With the Best Reputation

Retrieved on:

Donnerstag, November 30, 2023

Sale, BMW, Alfa Romeo, NYSE, Mini, Ford, Experience, Lexus, Fiat, Cars.com, Commerce, Mercedes-Benz, Genesis, Volkswagen, Mitsubishi Group, Volvo, Kia, Jeep, GMC, Online shopping, Retail, Automotive industry, Cadillac, Porsche, Audi, Subaru, Acura

CHICAGO, Nov. 30, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce"), an audience-driven technology company empowering the automotive industry, today revealed the major automotive brands that have the best reputation amongst consumers. The results were determined using data from the company's exclusive Experience Report, which analyzes consumer reviews on its marketplace about dealerships nationwide. In an era where online reviews significantly influence consumer decisions on what and where to buy, the Experience Report delivers insights into both strong and underperforming areas that impact a dealership's reputation.

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The results were determined using data from the company's exclusive Experience Report, which analyzes consumer reviews on its marketplace about dealerships nationwide.
In an era where online reviews significantly influence consumer decisions on what and where to buy, the Experience Report delivers insights into both strong and underperforming areas that impact a dealership's reputation.
"Based on the 13 million consumer-submitted reviews on Cars.com,1 we're able to provide data-driven insights — across brands, dealership groups and down to the individual dealer level — about strengths and gaps in the retail experience.
It factors in recent reviews more heavily, with those garnering fewer than five reviews in a 24-month span marked as "Not Yet Rated."

Hightouch Acquires HeadsUp to Bring AI to the Composable CDP

Retrieved on:

Donnerstag, November 16, 2023

Acquisition, SAN, PetSmart, Contentful, Cars.com, Grammarly, Marketing, Advertising, AI, CDP, Sales

SAN FRANCISCO, Nov. 16, 2023 /PRNewswire/ -- Hightouch, the leading Data Activation company, announced today that it has acquired HeadsUp, the AI conversion engine for product-led growth. Hightouch will integrate the AI and ML-driven complex data models created by HeadsUp to build warehouse-native Customer 360 profiles into its Composable Customer Data Platform (CDP). These new capabilities will empower data and marketing teams to make the most of their existing data and use it to power operations, advertising, and more.

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Hightouch will integrate the AI and ML-driven complex data models created by HeadsUp to build warehouse-native Customer 360 profiles into its Composable Customer Data Platform (CDP).
The company's CEO, Lee, will join Hightouch as part of this acquisition to spearhead AI and ML-driven Customer 360 development in the data warehouse.
"We're thrilled to acquire HeadsUp and to welcome Earl Lee to Hightouch," said Hightouch co-CEO and co-founder Tejas Manohar.
To address this need, Hightouch raised $38M this summer and launched a Customer 360 Toolkit in the cloud data warehouse.

Cars.com to Participate in Three Investor Conferences in November

Retrieved on:

Donnerstag, November 9, 2023

NYSE, RBC Capital Markets, Fireside chats, Commerce, Conference, Internet, Sonia, Telecommunications, Cars.com, InterContinental New York Barclay Hotel, Hotel

CHICAGO, Nov. 9, 2023 /PRNewswire/ -- Cars.com Inc .

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CHICAGO, Nov. 9, 2023 /PRNewswire/ -- Cars.com Inc .
d/b/a Cars Commerce (NYSE: CARS) ("Cars Commerce"), an audience-driven technology company empowering the automotive industry, today announced that Alex Vetter, Chief Executive Officer of Cars Commerce and Sonia Jain, Chief Financial Officer of Cars Commerce will host meetings at the following three investor conferences in November:
Conference: RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference
Fireside Chat: A webcast of the 1:50 p.m.
ET fireside chat will be accessible on the Events section of the Cars.com website and will be archived on that website
Location: InterContinental New York Barclay Hotel, New York
Location: The Thompson Central Park Hotel, New York
To schedule a one-on-one meeting, please contact your representative at RBC Capital Markets, D. A. Davidson and Needham.

Cars.com Inc. Reports Third Quarter 2023 Results

Retrieved on:

Donnerstag, November 2, 2023

CHICAGO, Nov. 2, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce" or "the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the third quarter ended September 30, 2023.

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CHICAGO, Nov. 2, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce" or "the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the third quarter ended September 30, 2023.
We delivered strong results for the quarter driven by increased market adoption of our products.
Third quarter ARPD grew 9%, or $213, year-over-year to $2,548, primarily driven by the 2023 Marketplace Repackaging initiative which concluded this quarter.
As of September 30, 2023, Dealer Customers totaled 18,715, compared to 18,785 at the end of the second quarter of 2023.

Cars.com Inc. Acquires D2C Media Inc., Expanding Cars Commerce Platform into Canada in Accretive Transaction

Retrieved on:

Donnerstag, November 2, 2023

Knowledge, OEM, CAD, NYSE, Commerce, Original equipment manufacturer, Acquisition, Growth, Cars.com, Hand, USD, D2C, Video game, Online shopping

"The acquisition of D2C Media presents an exciting opportunity to expand Cars Commerce further across North America.

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"The acquisition of D2C Media presents an exciting opportunity to expand Cars Commerce further across North America.
In addition, with this acquisition Cars Commerce will now be endorsed by approximately 60% of OEMs operating in Canada, with significant runway for additional growth.
Based in Montreal, D2C Media was founded in 2003 and has approximately 95 employees distributed throughout Canada.
More information on the transaction will be provided on Cars Commerce's third quarter earnings call.