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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cars com Inc | NYSE:CARS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.38 | 2.16% | 17.97 | 17.985 | 17.35 | 17.50 | 58,022 | 15:38:00 |
Company's Connected Platform on Full Display in Booth 1426 at the 2025 NADA Show This Month
CHICAGO, Jan. 22, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce"), an audience-driven technology company empowering automotive, shares new data about the value of its connected platform. Dealer customers taking advantage of more than one of the platform's four core capabilities (Marketplace, Digital Experience, Trade & Appraisal and Media Network) on average receive up to 2x more leads and connections from consumers and sell inventory at least 10% faster than those using only one of the platform's capabilities.¹
"We've built an interoperable platform that helps our customers sell cars — plain and simple. Considering the most pressing challenges retailers are facing this year center around used-car acquisition strategies to drive more profit, audience targeting and competitive differentiation, I'm confident the Cars Commerce platform is the solution to drive sales, operational efficiency and profitability for our customers," said Alex Vetter, CEO of Cars Commerce.
According to a recent Cars Commerce survey, the top concerns of auto retailers in 2025 mimic challenges faced in 2024 — only their concern of acquiring more used cars more profitably grew 20 ppts year over year.² The top three 2025 dealer paint points are:
The Cars Commerce platform offers technology and solutions to advertise inventory and unique dealership brands, target and reach in-market shoppers, manage reputation, efficiently acquire used inventory directly from consumers, promote and differentiate dealerships across marketplace and websites, and, ultimately, operate more efficiently with a single provider.
The Cars Commerce platform four core capabilities include:
To follow Cars Commerce platform updates, visit here. To witness the Cars Commerce platform in action, visit booth No. 1426 at the 2025 NADA Show, the largest U.S. automotive event of the year, held at the New Orleans Ernest N. Morial Convention Center Jan. 23-26.
¹ Based on an internal analysis of Cars Commerce ~18,000 customer base, October 2024
² Cars.com Internal Data, 309 survey responses from dealers and dealership personnel, November 2024
³ Cars.com Brand Tracker, Q4 2024
⁴ Cars Commerce Internal Data, Dealer Inspire plus Marketplace referral data, Q2 2023
⁵ Internal Cars Commerce data and analysis looking at key events from 2,189 Dealer Inspire customers and 1,527 Dealer Inspire plus Cars.com marketplace customers, October 2024
⁶ Cars Commerce Internal data, Total Appraisals and Total Appraisals Won, January-December 2024
⁷ Cars Commerce internal data, January 2024
⁸ Cars Commerce Case Study with 25 Dealer Inspire plus Cars.com marketplace customers, October-December 2024
⁹ Cars Commerce internal data and analysis of Marketplace and Website customers plus addition of Media, January 2024
ABOUT CARS COMMERCE
Cars Commerce is an audience-driven technology company empowering automotive that simplifies everything about buying and selling cars. The Cars Commerce platform includes the flagship automotive marketplace and dealer reputation site Cars.com, innovative digital marketing technology and services from Dealer Inspire, industry-leading trade-in and appraisal technology from AccuTrade, an exclusive in-market media network, and powerful and predictive AI technologies that enable more efficient and profitable retail operations. Cars Commerce is the essential partner to stay one step ahead in automotive. Learn more at www.carscommerce.inc.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cars-commerce-platform-helps-retailers-sell-more-cars-faster-302357052.html
SOURCE Cars Commerce
Copyright 2025 PR Newswire
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