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OPENLANE priorities: Marketplace, tech, customer experience
Digital used-vehicle marketplace OPENLANE is working to offer what its CEO describes as the most diverse commercial and dealer inventory available. That is part of the first of “three differentiating priorities” OPENLANE is working on toward its strategy to build on the momentum of its strong third quarter of 2026. During OPENLANE’s third quarter 2026 […]
CarGurus shifts from listings to AI agent, playing larger role in consumer journey & dealer workflow
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, […]
CarGurus credits new dealer product offerings with Q3 growth
CarGurus saw double-digit revenue growth in the third quarter despite dealerships facing a tougher macroeconomic environment and consumers’ continuing affordability concerns. “While we have been encouraged by the sequential improvement at the dealer level, we do not believe that dealer enthusiasm has returned to 2025 levels driven primarily by dealer margin pressure. For the consumer, […]