CARS Connected Platform Arms Retailers to Efficiently and Profitably Elevate the Retail Experience
CHICAGO, Jan. 19, 2023 /PRNewswire/ -- As the automotive industry faces disruptions from ongoing inventory challenges and macroeconomic forces, auto retailers nationwide are focused on solving three core challenges in 2023, according to a recent survey by Cars.com Inc. (NYSE: CARS):
CARS will showcase how its platform of connected solutions solves these challenges at the industry's largest annual gathering next week, the 2023 National Association of Automobile Dealers (NADA) Show in Dallas. Dealers can visit CARS Booth #509 in Hall A at the Kay Bailey Hutchison Convention Center Dallas Jan. 27-29.
"Retailers face new challenges this year as new-car inventory returns, used-car supply shrinks and prices normalize. Dealers' competitive advantages will come from efficient operations, marketing and customer experience," said Alex Vetter, chief executive officer at CARS. "We continue to integrate solutions into our proven platform that help dealers understand where and how to optimize the retail experience as it moves from online to offline — where the final mile of the sale is best left to the pros."
According to Cars.com data1, new-car inventory increased on the marketplace for the seventh consecutive month in December, reaching levels not seen since the spring of 2021. Used-car inventory fell for the fifth straight month in December.
More than 80% of dealers surveyed by CARS2 identified the following as the top three pain points for 2023:
To learn more about how CARS can help retailers with their 2023 goals, visit CARS Booth #509 in Hall A at the Kay Bailey Hutchison Convention Center Dallas Jan. 27-29 at the 2023 NADA Show.
Sources:
CARS is the leading automotive marketplace platform that provides a robust set of digital solutions that connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share.
In addition to Cars.com™, the Company's brands include Dealer Inspire®, a technology provider building solutions to future-proof dealerships with more efficient operations and connected digital experiences; FUEL™, an advertising solution providing dealers and OEMs the benefit of leveraging targeted digital video marketing to Cars.com's audience of in-market car shoppers; DealerRater®, a leading car dealer review and reputation management technology solution; CreditIQ™, digital financing technology and Accu-Trade™, vehicle valuation and appraisal technology. The Company's portfolio of brands also includes Auto.com™, PickupTrucks.com™ and NewCars.com®.
The full suite of CARS properties includes Cars.com™, Dealer Inspire®, FUEL™, DealerRater®, CreditIQ™, Accu-Trade.com™, Auto.com™, PickupTrucks.com™ and NewCars.com®. For more information, visit www.Cars.com.
SOURCE Cars.com Inc.