CarGurus shifts from listings to AI agent, playing larger role in consumer journey & dealer workflow
CarGurus booth at NADA Show 2023. Photo by Joe Overby.
Premium Content
Sarah Fretwell, Correspondent
CarGurus reported third quarter revenues climbed 12% year-over-year to $258 million, as it continues to ramp up its artificial intelligence capabilities and integrate products into more steps of dealership workflows. During its Q3 conference call, the company highlighted strategic initiatives such as the launch of StockVantage and the expansion of its data-driven tools, including VINMax, […]
The Independent Auto Auction Services Corporation, which is a consortium of independent auto auctions, is in negotiations to acquire Auction Academy, which is affiliated with TPC Management Company. TPC founded Auction Academy in 2011. The transaction is expected to close by year’s end. Under IAASC, the program would “continue its mission of developing industry talent […]
When companies talk about artificial intelligence, the conversation often starts with the tools: which model, which agent, which task can be automated. Our experience has been that the first question is more basic: What are we trying to accomplish together? At Block Bridge, we are building Trust Bridge Network to help make automotive commerce more […]
America’s Auto Auction has expanded in Florida, announcing Tuesday it has acquired Vemo Auto Auctions Gainesville. The group now has more than 55 locations throughout North America. This is the ninth purchase America’s has announced in 2026. Vemo has a physical auto auction in the Gainesville areas as well as a mobile sale in Cocoa. […]