CHICAGO –

Perhaps it takes a shopper longer to decide which vehicle they want from your inventory than it did for the acquisition of DealerRater by Cars.com to close.

Cars.com announced on Monday that it closed the acquisition of DealerRater, a transaction first announced a week ago.

The companies reiterated that terms of the transaction were not disclosed.

“We are pleased to bring DealerRater into the Cars.com family of industry-leading products and people as we create the largest dealer review platform in the automotive sector,” said Cars.com chief executive officer and president Alex Vetter, who spent time with Auto Remarketing explaining why this deal can impact dealerships.

“With this acquisition, Cars.com has solidified its position as the leader in online automotive reviews and the preeminent authority for car shoppers and owners on what to buy, where to buy and who to buy from,” Vetter continued.

Since Cars.com launched its reviews in 2011, the company has maintained its transparent model for generating consumer feedback, which better serves shoppers and customers. The addition of DealerRater and its review database further strengthens this value proposition.

“We are happy to be joining Cars.com and are proud to share a similar foundation,” DealerRater chief executive officer Gary Tucker said. “DealerRater is uniquely positioned to lead the industry transition to finding not only the right dealer, but connecting consumers with the right person at the right dealer.”