dealers

New Vehicles, Used Cars, Automotive Dealers, Costs & Evaluations

Transport infrastructure consists of the fastened installations, including roads , railways , airways , waterways , canals and pipelines and terminals resembling airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (together with fueling docks and fuel stations ) and seaports Terminals could also be used both for interchange of passengers and cargo and for maintenance. Gasoline stability requirements are set by the standard ASTM D4814. This standard describes the assorted characteristics and requirements of automotive fuels for use over a variety of working conditions in floor autos outfitted with spark-ignition engines. A automobile salesmen is accountable for selling cars to prospects. The only non-luxurious German automaker currently in the United States, Volkswagen provides German engineering at inexpensive prices. It additionally produces the fun-to-drive Golf and GTI, two of the best small vehicles on the market.

Limitation of Legal responsibility. Nothing in these Phrases affects … Read More

CARS Closes Acquisition of CreditIQ Automotive Fintech Platform, Enabling Instant Financing for Consumers, Dealers And Lenders

Published: Nov. 9, 2021 at 5:30 AM MST|Updated: 9 hours ago

CHICAGO, Nov. 9, 2021 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, has closed the acquisition of CreditIQ, announced last week. CreditIQ is a cutting-edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying.

(PRNewsfoto/Cars.com Inc.)
(PRNewsfoto/Cars.com Inc.)

Cars.com paid $30 million at the closing on November 5, 2021, which was funded using cash on hand. There may be future payments of up to an additional $50 million in performance-based cash consideration to be earned over the next three years.

“The acquisition of CreditIQ technology facilitates CARS’ entry into the rapidly-growing, multi-billion dollar Auto Finance market, expanding our TAM beyond the $35 billion Auto Advertising and Dealer Technology markets we operate in

Read More

CARS Acquires CreditIQ Automotive Fintech Platform, Enabling Instant Financing For Consumers, Dealers and Lenders | News

CHICAGO, Nov. 4, 2021 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, announces it has signed a definitive agreement to acquire CreditIQ, a cutting edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying. Consideration for the transaction will be $30 million at closing, funded using cash on hand, with the potential for up to an additional $50 million in performance-based cash consideration to be earned over the next three years. The transaction is expected to close this month.

“The acquisition of CreditIQ technology facilitates CARS’ entry into the rapidly-growing, multi-billion dollar Auto Finance market, expanding our TAM beyond the $35 billion Auto Advertising and Dealer Technology markets we operate in today. We’re excited to participate in this space with powerful digital solutions for dealers that

Read More

Car dealers reveal the new normal for buyers, from zero haggling and non-refundable deposits to sight-unseen purchases

A man looks at his phone on the hood of an SUV at a car dealership

A confluence of factors has upended the market for used and new cars in the past year, drastically changing how Americans buy cars. Valery SharifulinTASS via Getty Images

  • The pandemic has thrown the market for new and used cars totally out of whack.

  • Cars are flying off of lots as quickly as manufacturers can produce them, and prices are sky-high.

  • The buying frenzy has people pouncing on cars they never would have considered before.

  • See more stories on Insider’s business page.

Cameron Johnson, a fourth-generation car dealer with nine franchises in Virginia, was taught growing up that every morning when a dealer wakes up, their used inventory is worth less than it was the night before.

But in today’s absurd car market, that wisdom isn’t holding up.

A buying frenzy coupled with an historic shortage of vehicles on lots has sent used-car values soaring nearly 30% since last

Read More