CHICAGO -

On Monday, Cars.com launched Price Comparison Graphs, a new set of tools which provide consumers more context around the price of a used or new vehicle.

The new pricing tools designed for its website and mobile app show how factors such as trim, mileage and certification impact the price of vehicles in a car shopper’s individual market. 

"One of the top concerns for any vehicle owner or shopper is price: 'How much will this repair cost? What is a fair price for this car?' We have always been committed to bringing more transparency to automotive, and our next bet is on improving the industry's pricing decision tools so consumers can better understand why a car is priced a certain way," Joe Keehnast, principal product manager at Cars.com said in a news release.

Seventy-four percent of dealers say the Price Comparison Graphs will have a positive or neutral impact on their dealership, according to Cars.com.

"In 2015, we rolled out our fair-price estimator tool to provide more information on local service and repair costs. Now we're focused on enhancing the shopping process even further through vehicle pricing tools that keep consumers more engaged on the site, build trust between them and our dealer partners and facilitate a quicker path to purchase," Keehnast added.

Additionally, The Dealer's Circle Community, a new dealer panel was launched by Cars.com in October.

The new panel “allows the company to test ideas and ensure their consumer offerings will make a positive impact on local retailers across the country,” the company explained.

Currently, The Dealer's Circle Community has 400 members.

Cars.com said it expects the panel to reach 1,000 dealer participants by the end of the year.

The company also has a consumer panel used for testing that has an estimated 4,500 members throughout the country.

By the end of Q1, Cars.com said it plans to roll out Deeper Feature Comparison which will offer car buyers added qualifiers such as drivetrain, engine cylinders and transmission into the Price Comparison Graphs.