Cars.com

Cars.com's Your Garage Gives Car Owners Market Power for Trade-Ins and New Purchases, Showcased in Latest 'Possibilities' Ad

Retrieved on: 
Tuesday, April 2, 2024
Partnership, Radio, Garage, Possibilities, Leo Burnett Worldwide, IOS, Android, Cars.com, Satellite navigation device

CHICAGO, April 2, 2024 /PRNewswire/ -- Car-shopping marketplace Cars.comⓇ (NYSE: CARS) unveils Your Garage, a powerful tool designed to provide car owners with the ability to track the value of their vehicle over time so they can make a more informed decision. Much like tracking the value of a home, Your Garage offers a hub for consumers to keep track of the financial trajectory of their vehicles and know when it comes time to trade it in what the expected value should be when they enter the market. Cars.com will expand its "Possibilities" brand campaign to include new advertising to introduce Your Garage. 

Key Points: 
  • Cars.com will expand its "Possibilities" brand campaign to include new advertising to introduce Your Garage.
  • Your Garage serves as a one-stop hub for car owners to manage their vehicles and plan for the future.
  • List Your Car for Free: Consumers looking to maximize the return on their current vehicle in this profitable market can list their car for free.
  • Your Garage is live on the Cars.com site and on the Cars.com app, available on Android and iOS platforms.

AMC Entertainment Holdings, Inc. Board of Directors Elects Sonia Jain to Serve as a Director of the Company, Effective March 1, 2024

Retrieved on: 
Friday, March 1, 2024
General Entertainment, Entertainment, Film & Motion Pictures, Sundance Institute, AMC, Science, Commerce, Warner Music Group, Electrical engineering, WPP, Television, MCI Systemhouse, Cruise line, Small business, Assistant, Management, Jainism, Miramax, Starwood, Apple Inc., MCI, Vail Resorts, Computer science, Digital, Cars.com, Princeton University, Convoy, WPP plc, LLP, CFO, Epic Games, Nike (company), Norwegian Cruise Line, Computer science and engineering, Senior advisor, Audit committee, Harvard Business School

AMC Entertainment Holdings, Inc., (NYSE:AMC), the largest theatrical exhibitor in the United States and in the world, today announced that the Company’s Board of Directors has elected Sonia Jain to the AMC Board of Directors, effective March 1, 2024.

Key Points: 
  • AMC Entertainment Holdings, Inc., (NYSE:AMC), the largest theatrical exhibitor in the United States and in the world, today announced that the Company’s Board of Directors has elected Sonia Jain to the AMC Board of Directors, effective March 1, 2024.
  • Jain brings to the Board extensive financial and accounting experience, including as a chief financial officer (CFO) of a publicly traded company.
  • Prior to her initial tenure at Cars.com Inc., Jain served as CFO of Redbox Automated Retail LLC from September 2016 to June 2020.
  • AMC Chairman of the Board and CEO Adam Aron commented:
    “It’s a privilege to welcome Sonia Jain as a new Director on AMC’s Board.

The Reviews Are In: Cars.com 2024 Dealer of the Year Awards Recognize the Best Local Car-Shopping Experiences Across America

Retrieved on: 
Wednesday, March 6, 2024
Delivery, Cars.com, Car dealership

CHICAGO, March 6, 2024 /PRNewswire/ -- Car-shopping marketplace and dealer reputation site Cars.com® (NYSE: CARS) — home to more than 13 million dealership reviews, the most industrywide — today unveiled the winners of its annual Dealer of the Year Awards (DOTY), presented annually to the top automotive dealers. Out of the more than 50,000 U.S. and Canadian auto dealers with profiles, 987 were honored as Cars.com DOTY recipients based on more than 1 million online consumer reviews submitted in 2023.1 Winners were selected based on average star rating, total number of reviews and dealer response to those reviews — all key drivers of repeat and referral business.

Key Points: 
  • "A consumer submits a dealership review every 27 seconds on Cars.com, providing dealers with valuable real-time feedback and shoppers with firsthand information about a dealership's customer experience."
  • Award-winning dealers earned 21x more consumer reviews than non-winning dealers, highlighting the importance of online reputation and how it helps build long-term, trusted relationships between a customer and dealer.
  • Year after year, high levels of responsiveness and individual dealership employee accountability are the most reliable predictors of dealer success in the DOTY Awards.
  • More than 195,000 dealership employees received over 1.4 million individual ratings last year, an 8.5% increase from 2022.1
    This year's Cars.com Dealer of the Year Award winners include:

2024 CHICAGO AUTO SHOW CONTINUED STRONG PRESENCE FOR 116TH EDITION

Retrieved on: 
Thursday, February 22, 2024
EVS, Toyota, Commonwealth Edison, Ford Explorer, EV, Social media, Lucid, McCormick Place, NASCAR, Equinox, Buick Envision, GMC, Escalade, Wintrust Financial, Traverse, Ford Mustang, Chicago Auto Show, BMW, Shell, Ford, Land cruiser, Kia Carnival, UAW, Volkswagen ID. Buzz, Volkswagen, AT&T, Cars.com, Exploration, K5, SUV, Research, Kia, Hyundai, Student

CHICAGO, Feb. 22, 2024 /PRNewswire/ -- The 2024 Chicago Auto Show came to a successful close on Monday, Feb. 19, after a 10-day run at McCormick Place.

Key Points: 
  • CHICAGO, Feb. 22, 2024 /PRNewswire/ -- The 2024 Chicago Auto Show came to a successful close on Monday, Feb. 19, after a 10-day run at McCormick Place.
  • The 116th edition of the show welcomed nearly 260,000 guests to experience the latest cars, trucks and SUVs, automotive technology and electric vehicles.
  • Lucid and Tesla both made a first-time Chicago Auto Show debut and Mazda returned, courtesy of Napleton Auto Group.
  • "We're hopeful this was a one-year decision, and that Stellantis brands will return to the 2025 Chicago Auto Show," said 2024 Chicago Auto Show Chairman JC Phelan.

Cars.com Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024
Acquisition, The Company, Depreciation, OEM, D2C, Cars.com, Investment, Growth, Original equipment manufacturer, Shop, The Shop, Webcast, Video game

CHICAGO, Feb. 22, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc." or the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • (NYSE: CARS) (d/b/a "Cars Commerce Inc." or the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the fourth quarter and year ended December 31, 2023.
  • Fourth quarter ARPD grew 7%, or $162, year-over-year to $2,523, primarily driven by the 2023 Marketplace Repackaging initiative.
  • Total operating expenses for the fourth quarter were $164.7 million, compared to $148.4 million for the prior year period.
  • OEM and National Advertising spend is also expected to be up year-over-year, but historically has experienced some seasonality from the fourth quarter to the first quarter.

Volkswagen's 'An American Love Story' Ad Zooms Ahead With 394% Surge in Traffic on Cars.com During the Big Game

Retrieved on: 
Monday, February 12, 2024
Beetle, Volkswagen, Tacoma, Washington, BMW, SUV, Attention, Cars.com, ID, Big Game, EV9, Research, Kia, Sport

CHICAGO, Feb. 12, 2024 /PRNewswire/ -- Automakers that bet big on prime-time advertising were among the winners of last night's nail-biting Big Game with significant spikes in consumer traffic to their pages on car-shopping marketplace Cars.com® (NYSE: CARS). Kia, Toyota, Volkswagen and BMW made waves with prime-time commercials highlighting electric vehicles and pickup trucks — but Volkswagen won the competition with a sizable 394% spike in traffic on Cars.com following the airing of its ad, "An American Love Story."

Key Points: 
  • "We've regularly seen automakers receive double-, even triple-digit traffic bumps on Cars.com after their ad airs during the game — and this year was no different.
  • Used Volkswagen Microbuses and Beetles, which were prominently highlighted during Volkswagen's evolutionary ad, saw a 4,020% and 1,307% lift in traffic, respectively, after airing.
  • Toyota's New Tacoma pickup truck, the focus of Toyota's ad, received a 1,223% increase in traffic after airing.
  • Cars.com analyzed site traffic patterns for advertised car model pages during the eight minutes before each spot aired and again eight minutes after.

"CHICAGO DRIVES ELECTRIC" INDOOR TEST TRACK, POWERED BY COMED, RETURNS TO THE CHICAGO AUTO SHOW FLOOR

Retrieved on: 
Wednesday, February 7, 2024
Volta Charging, Lucid, Growth, McCormick Place, Shell plc, Lightning, Commonwealth Edison, Transport, Safety, IBEW, Torque, Investment, EV, Ford F-150 Lightning, Cars.com, Hyundai, Education, Sale, EVS, Ford, Workforce, Chicago Auto Show, Fireworks

CHICAGO , Feb. 7, 2024 /PRNewswire/ -- The 2024 Chicago Auto Show welcomes new and returning brands to its indoor electric vehicle (EV) test track, Chicago Drives Electric, powered by ComEd. This expanded EV hub will be a one-stop destination for attendees to experience the latest brands and to learn about all aspects of EV mobility and lifestyle, including at-home charging, range anxiety, maintenance and associated EV ownership costs.

Key Points: 
  • The Chicago Auto Show serves as the perfect backdrop to offer hands-on experience and education by industry experts."
  • Last year, brands that participated on the Chicago Drives Electric track tallied a total of 20,000 ride-alongs.
  • "Powering Chicago is proud to be a premier sponsor of the Chicago Auto Show and, as Chicagoland's No.
  • 1 resource for EV charger installations, we're thrilled to support the Chicago Drives Electric EV indoor test track," said Executive Director Elbert Walters III.

New 2024 Jeep® Wrangler Named Best SUV of 2024 by Cars.com

Retrieved on: 
Wednesday, February 7, 2024
Anxiety, Rubicon, SUV, Wrangler, I-4, Jeep Wrangler, Safety, Freedom, V-6, Radio, PHEV, Peffer, Cars.com, Best

Jeep® Wrangler, the most iconic and recognized SUV ever, earns prestigious Best SUV of 2024 from Cars.com

Key Points: 
  • Jeep® Wrangler, the most iconic and recognized SUV ever, earns prestigious Best SUV of 2024 from Cars.com
    Award applies to new 2024 Wrangler lineup, including Wrangler 2.0- and 3.6-liter gas models, V-8-powered Wrangler Rubicon 392 and plug-in hybrid Wrangler 4xe
    Electrified Wrangler 4xe delivers 49 MPGe, 21 miles all-electric range and nearly 400 miles total range with no range anxiety
    Cars.com says Best SUV of 2024 winner represents ultimate in capability, value and versatility
    The new 2024 Jeep Wrangler offers nine available exterior colors, including new-for-2024 Anvil, and multiple open-air freedom options, including three top choices (soft top, hard top and Sky One-Touch Power Top), two door choices (full doors and half doors), and top and doors off
    The new 2024 Jeep Wrangler is the Best SUV of 2024, according to Cars.com.
  • The award applies to the entire 2024 Jeep Wrangler lineup, including Wrangler 2.0- and 3.6-liter gas models, the V-8-powered Wrangler Rubicon 392 and the plug-in hybrid Wrangler 4xe , which delivers 49 MPGe, 21 miles all-electric range and nearly 400 miles total range with no range anxiety.
  • "For 2024, Jeep has made the Wrangler and Wrangler 4xe, a plug-in hybrid variant, even better, thanks to key updates that improve their capability and comfort," said Jenni Newman, Cars.com editor-in-chief.
  • "The 2024 Wrangler is versatile, capable and a deserving winner of our Best SUV of 2024 award."

KIA TELLURIDE NAMED 'BEST FAMILY CAR OF 2024' BY CARS.COM

Retrieved on: 
Wednesday, February 7, 2024
HEV, Multimedia, SUV, Travel, Kia, NBA, Photography, Safety, EVP, PHEV, Kia Telluride, Cars.com, Kia Sorento, Gasoline, Best

IRVINE, Calif., Feb. 7, 2024 /PRNewswire/ -- The 2024 Kia Telluride was named Cars.com's Best Family Car of 2024. The Telluride was also a finalist for the Best SUV of 2024 category alongside the 2024 Kia Sorento. The 2024 Kia Seltos was a finalist for Best Car of 2024, the outlet's top category.

Key Points: 
  • IRVINE, Calif., Feb. 7, 2024 /PRNewswire/ -- The 2024 Kia Telluride was named Cars.com's Best Family Car of 2024 .
  • "We are honored to receive Cars.com's Best Family Car of 2024 award for the rugged and capable 2024 Kia Telluride," said Steven Center, COO & EVP, Kia America.
  • The six different categories include: Best Car, Best SUV, Best Pickup Truck, Best Family Car, Best Luxury Car and Best Electric Vehicle.
  • The Best Family Car is evaluated based on crash tests, safety features and accommodation of family members and their gear, alongside family-friendly amenities.

Hyundai IONIQ 5 Named Best Electric Vehicle of 2024 by Cars.com

Retrieved on: 
Wednesday, February 7, 2024
EV, Virtue, Cars.com, Hyundai

FOUNTAIN VALLEY, Calif., Feb. 7, 2024 /PRNewswire/ -- Hyundai's award-winning IONIQ 5 1 electric SUV was named Best Electric Vehicle of 2024 by Cars.com for a second year in a row, surpassing all 2024 EVs tested by Cars.com's editorial team of expert car reviewers.

Key Points: 
  • FOUNTAIN VALLEY, Calif., Feb. 7, 2024 /PRNewswire/ -- Hyundai's award-winning IONIQ 5 1 electric SUV was named Best Electric Vehicle of 2024 by Cars.com for a second year in a row, surpassing all 2024 EVs tested by Cars.com's editorial team of expert car reviewers.
  • "Being awarded Best Electric Vehicle by Cars.com for a second year in a row is further recognition of IONIQ 5's enduring excellence," said Ricky Lao, director, product planning, Hyundai Motor North America.
  • "This is the second year in a row the Hyundai IONIQ 5 won our Best Electric Vehicle — and rightfully so," said Jenni Newman, Cars.com editor-in-chief.
  • All models that are new or fully redesigned for the 2024 model year and previously awarded are eligible for Cars.com's Best of 2024 awards.