"CarOffer delivers a new, improved way of managing inventory that helps dealers take control over their operations by being less reliant on auctions and traditional methods of acquiring inventory. And it’s not just the vehicle acquisition - it’s the other processes along with it like transportation, physical condition reporting, and titles - that are consolidated into a simplified process on one bill of sale. Simple, effective, and proven. It’s a new day and a new way of doing things. That’s CarOffer."
CarGurus Acquires 51% of CarOffer
CarOffer launched in August 2019 and joined the CarGurus family in January 2021. We are a fast growing environment, modernizing the automotive industry one step at a time.
Who We Are
The years of experience and expertise our employees have, has been an integral part of our success. The values of our company shine through each team member and make this a great place to work.
Years of Innovating in the Auto Industry
From the creators of American Auto Exchange, RedBumper, and Pearl Technology... we are disrupting the automotive industry once again.
CarGurus buys majority equity position in CarOffer, creating a partnership that will bring next-level car buying experiences to dealers and consumers alike.
CarOffer launches in August of 2019. The industry's first instant trade platform.
Pearl360 is born and integrates several of the Pearl applications into one platform. Focuses primarily on pre-owned vehicles.
Pearl Proximity is developed as a digital marketing platform with dynamic keyword retargeting + enhanced geo-fencing technology.
Express retail platform, ShowroomXpress™ is introduced. Multiple payment options for consumers. Integrates with every US lender delivering payments in seconds.
VehicleXchange is launched. An equity + marketing application. Introduced pre-screen technology to the auto industry, leveraging Experian partnership.
Trade-In Concierge, a consumer vehicle acquisition platform enabling dealers to buy inventory directly from consumers.
Pearl Technology Holdings Company is formed to launch automotive technology innovations.
NewCarIQ - the industry’s first new car management platform. Incentive mapping, syndication, ordering, recommendations, SmartPrice. Sold to CDK in 2015.
Pre-owned inventory management, RedBumper is brought to market with integrated equity tools, messaging, appraisals, recommendations, and Group Trade. Sold to CDK in 2014.
LaneLogic is born as a Pre-owned market maker. Processed thousands of monthly transactions. Introduced “Put Bids”. Handled titling, logistics, processing, + bidding.
American Auto Exchange (AAX), the Industry’s first pre-owned investor management platform - appraisals, Recommendations, Group Trade. Sold to JM Family - 2005.
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