News

CarOffer’s Dealer Enrollments Soar as its Instant Used Vehicle Trading Platform Provides Much Needed Inventory Supply

May 21, 2021

Yahoo Finance

More than 1,400 New Dealer Enrollments in March and April; Scott Johnston Named Chief Operating Officer

CarGurus, Inc. (CARG) Q1 2021 Earnings Call Transcript

May 7, 2021

Motley Fool

We are so impressed with the execution of the CarOffer team in Texas, which is rapidly growing key metrics, including enrolled and installed dealers and transactions. CarOffer more than tripled revenue year-over-year in Q1, which is a testament to more dealers recognizing the benefits of a digital wholesale platform.

CarGurus says CarOffer acquisition showing results Revenue rises 9% to $171.4 million

May 7, 2021

Automotive News

The company said CarOffer — the wholesale trading platform it completed a 51 percent acquisition of in January — grew in the last year while consuming very little capital.

Growing DFW startup faced a choice — go with PE firms or strategic acquisition? Here’s what it decided

March 15, 2021

Dallas Business Journal

Frankly, we had grown so fast, we needed to build more infrastructure to handle the volume, from the titling and funding and tracking, all those type of things. We actually took the time and built those things over about a 60-day period. Then, as dealerships became essential businesses, the used car market exploded.

Tough year changed industry for better

March 8, 2021

Automotive News

Commentary article by Bruce Thompson, CEO of CarOffer: “For years, there's been talk of retail processes going online; of consumers getting cars delivered to their door without ever stepping a foot in a dealership; of finance and insurance being seamlessly integrated into the entire sales experience. While access to such innovative solutions was available, those solutions were always an option, not a requirement. 2020 changed that.”

Online auto trader CarOffer doubling its headquarters with Addison move

February 26, 2021

Dallas Morning News

An online vehicle trading company is more than doubling its headquarters in a move from Plano to Addison.

PRESS RELEASE: DFW-Based CarOffer Subleases Over 60,000 SF for New HQ in Addison

February 25, 2021

CarOffer

CBRE announced that CarOffer is moving its corporate headquarters to Addison Circle One in Addison. The company subleased approximately 60,000 square feet of office space at 15601 Dallas Parkway and is expected to transition to the new facility on March 8.

C.A.R.Score Hits 3,000 Vehicle Inspections for Leading Dealer-to-Dealer Trade Network Provider, CarOffer

February 4, 2021

Dealer Specialties

“Dealer Specialties is nationally known for lot services and vehicle photography,” says Shane Marcum, president of Dealer Specialties. “Our coverage and ability to reach thousands of dealers in all major markets in the U.S. combined with our ability to record vehicle condition reports makes us a very strategic partner for CarOffer.”

CarGurus Announces Executive Leadership Transition

January 21, 2021

StreetInsider.com

[Jason] Trevisan…was appointed to the role of CEO as well as CarGurus’ Board of Directors in 2021… Most recently, he led the majority acquisition of CarOffer, an instant trade wholesale platform, which will become an integral part of the company’s digital wholesale strategy.

CarGurus completes deal to buy 51% stake in CarOffer

January 15, 2021

Auto Remarketing

CarGurus has wrapped up its purchase of a majority stake in CarOffer. The company announced early Thursday evening that its acquisition of 51% interest in the automated instant vehicle trade platform, a deal initially announced in December, had closed. CarGurus also has the ability to purchase CarOffer’s remaining equity interest over the next three years. When it was announced last month, the deal was valued at $275 million.

CAROFFER’S GROUP TRADE PLATFORM HELPS DEALERS OPTIMIZE PROFITABILITY, AUTOMATE INVENTORY MANAGEMENT ACROSS MULTIPLE STORES

January 15, 2021

Auto Success

CarOffer rolled out a new vehicle sourcing and trading solution to meet the inventory needs of dealer groups. Now, in-group dealers can leverage all of the power of the CarOffer Matrix platform but at a multi-store level, allowing them to buy, sell and trade among each other and match inventory needs to specific stores.

PRESS RELEASE: CarGurus Completes Acquisition of CarOffer

January 14, 2021

Intrado GlobeNewswire

CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today announced it has completed the acquisition of a 51% interest in CarOffer, with the ability to buy the remaining equity interest in the company over the next three years. The acquisition adds wholesale vehicle acquisition and selling capabilities to CarGurus’ portfolio of dealer offerings. CarOffer was founded by auto industry veteran, Bruce Thompson, who will continue to lead the CarOffer brand and team from their Plano, Texas location.

CarGurus Completes Acquisition of CarOffer

January 14, 2021

Benzinga

"We are thrilled to welcome the CarOffer team to the CarGurus family and excited to join forces to drive further innovation and value for our customers," said Jason Trevisan, Chief Financial Officer at CarGurus. "Digital wholesale creates exciting new opportunities for efficiencies in the marketplace, especially as more of the automotive buying journey shifts online. By combining CarGurus and CarOffer capabilities, we can deliver a powerful new solution for dealers to buy and sell the right inventory at the right price. We believe this will not only be a win for dealers, but for consumers as well."

CarGurus Completes Acquisition of CarOffer

January 14, 2021

Yahoo Finance

NEWSCarGurus Completes Acquisition of CarOffer

January 14, 2021

Global Banking & Finance Review

“I’m incredibly proud of what the CarOffer team has accomplished so far, and I can’t wait to begin this next phase of our growth in partnership with a company as pioneering as CarGurus,” said Bruce Thompson, founder and CEO of CarOffer. “We see tremendous potential in this combination, and we look forward to getting to work integrating our capabilities and continuing to build better solutions for dealers.”

CarOffer acquisition opens new possibilities for dealers

January 14, 2021

CarGurus: Dealer Resource Center

As part of our ongoing commitment to providing dealers with more of the tools and services they need to get ahead in today’s digital-centric auto marketplace, we are very excited to announce that we’ve completed the acquisition of a 51% stake in the wholesale vehicle acquisition and selling platform CarOffer.

CarGurus Completes Acquisition of CarOffer

January 14, 2021

StreetInsider.com

CarGurus Completes Acquisition of CarOffer

January 14, 2021

Market Screener

“We are thrilled to welcome the CarOffer team to the CarGurus family and excited to join forces to drive further innovation and value for our customers,” said Jason Trevisan, Chief Financial Officer at CarGurus. “Digital wholesale creates exciting new opportunities for efficiencies in the marketplace, especially as more of the automotive buying journey shifts online. By combining CarGurus and CarOffer capabilities, we can deliver a powerful new solution for dealers to buy and sell the right inventory at the right price. We believe this will not only be a win for dealers, but for consumers as well.”

CarGurus Completes Acquisition of CarOffer

January 14, 2021

Associated Press

PRESS RELEASE: CarOffer's New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

January 7, 2021

PR Newswire

CarOffer, retail automotive's first automated instant wholesale vehicle trade platform, rolled out a new vehicle sourcing and trading solution to meet the inventory needs of dealer groups. Now, in-group dealers can leverage all of the power of the CarOffer Matrix platform but at a multi-store level, allowing them to buy, sell and trade among each other and match inventory needs to specific stores. Centralized control, real time appraisals and one bill of sale give dealer groups a new edge to increasing profitability and efficiency.

Asbury Automotive : Caroffer's New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

January 7, 2021

Market Screener

Asbury Automotive Group (NYSE: ABG), one of the largest automotive retail and service companies in the U.S. with 91 dealerships, is among the first to enroll its stores in CarOffer's Group Trade platform. Asbury first approached CarOffer seven months ago with the idea to develop this tool and teams from both companies worked together to build this innovative group trade platform.

CarOffer's New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

January 7, 2021

Yahoo! Finance

"At Asbury, we're committed to evolving the auto retail experience using the most innovative and performance-driven solutions available," says David Hult, president and CEO of Asbury Automotive Group. "The CarOffer Group Trade platform streamlines vehicle sourcing and brings much-needed simplicity and optimization to the inventory process. It allows our dealerships to keep inventory flowing seamlessly without raising their hand to bid on a vehicle or taking focus away from servicing our guests."

CarOffer's New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

January 7, 2021

Stockhouse

CarOffer, Asbury team to develop in-group vehicle trade platform

January 7, 2021

Auto Remarketing

Teams from CarOffer and Asbury Automotive Group have collaborated to build a group trade platform that allows dealers within the same group to buy, sell and trade vehicles between one another, thereby tailoring inventory distribution to the specific needs of individual stores within the group. CarOffer’s Group Trade platform gives dealers the ability to utilize the CarOffer Matrix platform and do so from a multi-store vantage point. Asbury, which brought the idea of this platform to CarOffer seven months ago and worked with the company to develop it, will be among the first groups to enroll its dealerships in the platform.

CarOffer’s New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

January 7, 2021

AP News

"We believe our new Group Trade platform is a break-through for the industry,” says Bruce Thompson, CEO and Founder of CarOffer. “We took the power of the Buying Matrix and dialed it in at the group level so that groups could maximize their buying power and optimize vehicle demand among store locations. It creates opportunities for profitability and scalability that have never been seen before, and we are thrilled that Asbury is leveraging this tool across their stores.”

CarOffer's New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

January 7, 2021

Financial Times

CarOffer's New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

January 7, 2021

StreetInsider.com

CarOffer's New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores

January 7, 2021

Benzinga

Leadership Podcast: Social Networking

January 1, 2021

AutoSuccess Podcast

3:08 - On the latest AutoSuccess podcast, Bruce Thompson explains how "social media is the new 'word of mouth' which is critical in the business world." Click the link below to hear Bruce's views on social media and its relevance today in business and growth.

CarGurus’ $275 Million Acquisition of Majority Stake in CarOffer

December 15, 2020

Global Legal Chronicle

The acquisition will add wholesale capabilities to CarGurus’ portfolio of dealer offerings, creating a complete and efficient digital solution for dealers to sell and acquire vehicles at both retail and wholesale.

CBT automotive newscast: December 11, 2020

December 11, 2020

CBT News

[1:08] CarGurus is making a move to acquire a majority stake in the instant trade platform, CarOffer. The online automotive marketplace announced the acquisition in a press release on Thursday, allowing the company to add wholesale capabilities to CarGurus’ portfolio of dealer offerings. The move to expand into wholesale will be a key in the company’s overall platform strategy, which currently includes a robust digital retail offering for both dealers and consumers. The company said that the combination of CarGurus’ dealer network and CarOffer’s instant trade technology creates a very powerful selling platform.

Automotive deals pick up the pace this week led by CarGurus and CarOffer

December 11, 2020

CBT News

[1:20] The big news this week is that CarGurus has agreed to purchase a majority stake in CarOffer, the automated instant vehicle trade platform founded by serial entrepreneur Bruce Thompson, who launched the company in 2019. It seems like everything Bruce touches turns to gold.

PRESS RELEASE: CarGurus Agrees to Acquire a Majority Stake in Instant Trade Platform, CarOffer

December 10, 2020

Intrado GlobeNewswire

CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today announced it has entered into a definitive agreement to acquire a 51% interest in Plano, TX-based CarOffer at an enterprise valuation of $275M, with the ability to buy the remaining equity interest in the company over the next three years. The deal is subject to certain regulatory approvals and other closing conditions.

CarGurus to buy 51% stake in CarOffer

December 10, 2020

Auto Remarketing

In a deal that would expand the company into wholesale, CarGurus has agreed to purchase a majority stake in CarOffer, an automated instant vehicle trade platform. CarGurus, which would acquire 51% interest in this deal, has the ability to also purchase CarOffer’s remaining equity interest over the next three years. The deal is valued at $275 million. The purchase would give CarGurus the ability to offer dealers additional wholesale capabilities, leading to a digital solution by which dealers can sell and acquire retail and wholesale vehicles, the company said.

CarGurus (CARG) to Acquire a Majority Stake in Instant Trade Platform, CarOffer

December 10, 2020

StreetInsider.com

CarOffer is an automated instant vehicle trade platform that is disrupting the traditional wholesale auction model with technology that enables dealers to bid, transact, inspect and transport seamlessly. The acquisition will add wholesale capabilities to CarGurus’ portfolio of dealer offerings, creating a complete and efficient digital solution for dealers to sell and acquire vehicles at both retail and wholesale. The expansion to wholesale is a key component of CarGurus’ overall platform strategy, which also includes acceleration of a robust digital retail offering for dealers and consumers.

Plano startup CarOffer valued at $275M after acquisition

December 10, 2020

Dallas Business Journal

A Plano startup is getting acquired in a deal that values the company at $275 million. CarGurus, a publicly traded company in Massachusetts, announced Thursday it has entered into an agreement for 51 percent of North Texas’ CarOffer. The deal also gives the ability to buy the remaining stake over the next three years.

CarGurus nabs majority stake in Caroffer

December 10, 2020

Seeking Alpha

“CarOffer is disrupting the traditional wholesale auction model in the same way that CarGurus gained our position as the leading online consumer automotive marketplace in the U.S., by leveraging technology, data and analytics to build more transparent solutions," says CarGurus CFO Jason Trevisan

CarGurus Agrees to Acquire a Majority Stake in Instant Trade Platform, CarOffer

December 10, 2020

TMCnet

CarGurus to acquire 51% stake in CarOffer for $275M

December 10, 2020

The Fly

CarGurus Jumps Into Wholesale With Stake In CarOffer

December 10, 2020

Forbes

“Buying Matrix enables any dealer to buy and sell vehicles wholesale by aggregating buyer interest and matching them with seller interest of thousands of dealers across the country without the burden of timed auction,” said CarGurus president and COO Sam Zales on a webcast with financial analysts. Essentially Buying Matrix automatically matches the buy orders to vehicle inventory, allowing sellers to accept an offer and check out.

CarGurus jumps into wholesale with a stake in CarOffer

December 10, 2020

NewsBeezer

The move is significant as rising transaction prices for new vehicles have made them inaccessible to many consumers who have turned to used vehicle lots instead. This puts pressure on dealers to add inventory and compete in wholesale auctions for the highest quality and most attractive brands, styles and body segments. In fact, as of November, the average transaction price for a new vehicle rose 1.3% year over year to $ 39,259, according to Kelley Blue Book.

Plano-based CarOffer sells majority stake in car trading platform for $140 million

December 10, 2020

Dallas Morning News

Plano-based car trading platform CarOffer is selling a majority stake in the company to a bigger online automotive player for $140 million. The cash and stock deal gives publicly traded CarGurus a 51% stake in the firm founded in 2019 by auto industry entrepreneur Bruce Thompson. CarGurus also can buy the remaining 49% over the next three years under terms of the deal.

CarGurus acquires majority stake in Texas startup

December 10, 2020

Boston Business Journal

The Massachusetts company is taking a 51 percent stake in CarOffer, which has created platform for used vehicles.

CarGurus Agrees to Acquire a Majority Stake in Instant Trade Platform, CarOffer

December 10, 2020

CarGurus

Acquisition Will Fuel CarGurus’ Platform Growth, With Expanded Capabilities To Help Dealers Buy and Sell Wholesale Inventory

CarGurus Agrees to Acquire a Majority Stake in Instant Trade Platform, CarOffer

December 10, 2020

Yahoo! News

CarGurus to buy majority stake in CarOffer

December 10, 2020

Automotive News

CarGurus is investing $140 million for the stake -- half in cash, half in stock, a spokesman said in an e-mail to Automotive News. The transaction gives CarOffer an enterprise value of $275 million, CarGurus said in a statement announcing the deal Thursday. The agreement includes the ability for CarGurus to buy the remaining equity interest over the next three years.

Strong Nov. auto transactions indicate investors are optimistic about future

December 4, 2020

CBT Automotive Network

CarOffer has over 1.5 million vehicles available for dealers to purchase, and premium offers at the point of vehicle appraisal within 2-5 seconds. Dealers can double the number of vehicles traded in every month at a 150% higher average profit.

Best Auto Auctions to Work For: 2020 Honorees

October 26, 2020

Auto Remarketing: Best Auto Auctions To Work For 2020

CarOffer is proud to be named one of the best auto auctions to work for this year alongside 8 other honorees. Auto Remarketing’s Best Auctions to Work For is a free workplace study for the auto-auction industry that recognizes the best auto auctions to work for on an unranked basis.

CarOffer Names ACERTUS as Exclusive Transportation Provider

October 18, 2020

Auto Success

ACERTUS, a tech-enabled automotive logistics and services company, announced it has been named the exclusive transportation provider for CarOffer, the instant wholesale vehicle trading platform.

ACERTUS now exclusive transportation provider for CarOffer

October 12, 2020

Auto Remarketing

ACERTUS will support CarOffer’s mission to help dealers trade, source, purchase and move used inventory faster... “CarOffer is revolutionizing dealers’ ability to access and trade used inventory, and we are so proud to have been serving as their logistics partner since day one,” Cope said.

CarOffer Names ACERTUS as Exclusive Transportation Provider

October 5, 2020

Acertus

As the sole transport provider for CarOffer, ACERTUS will support their ongoing mission to help dealers trade, source, purchase and move used inventory faster.

Podcast: Managing Pre-Owned Inventory

September 25, 2020

Auto Success: The Podcast

Bruce Thompson, CEO of CarOffer, discusses how to manage your pre-owned inventory in light of the pandemic’s economic impacts and disruptions.

Auto Dealers Face Pre-Owned Market’s Ups and Downs

August 20, 2020

Wards Auto

It’s like the wild, wild West. Here’s how to ride through it.

The Wild, Wild West of the Pre-Owned Industry

August 1, 2020

Auto Remarketing

Over the last few months I’m very pleased to say that optimism paid off. Not because I’m trying to build a reputation as an industry fortune teller, but because the dealers that adopted an optimistic outlook and managed their inventory accordingly are very well positioned now to meet the booming demand for used.

The Wild, Wild West of the Pre-Owned Industry

July 21, 2020

Automotive News

CarOffer — Giving Dealers an Alternative to Vehicle Acquisition (Page 32)

July 1, 2020

Auto Success

The platform [CarOffer] creates instant liquidity, allowing dealers to source inventory by placing limit purchase orders for vehicles they need with accuracy and automation, so they have the inventory to meet demand and don’t suer from being underwater with aged inventory.

8 reasons for pre-owned optimism

May 18, 2020

Automotive News

CarOffer founder and CEO, Bruce Thompson, shares his reasons to focus on staying optimistic and having a pre-owned vehicle strategy for when COVID-19 restrictions lift.

Car Dealers Use New Ways to Buy, Sell Wholesale Vehicles

May 18, 2020

Wards Auto

Dealer-to-dealer networks give guaranteed prices on used-vehicle inventory.

PODCAST: Bruce Thompson of CarOffer returns to show

May 6, 2020

Auto Remarketing Podcast

CarOffer founder and chief executive officer Bruce Thompson returns to the Auto Remarketing Podcast to talk about what fuels his optimism about the pre-owned car market, the re-opening of automotive markets in Texas, updates on CarOffer and more.

Reasons for Automotive Optimism

May 5, 2020

Wards Auto

CarOffer founder and CEO, Bruce Thompson, shares his reasons to focus on staying optimistic and having a pre-owned vehicle strategy for when COVID-19 restrictions lift.

COMMENTARY: 8 reasons for pre-owned optimism

April 21, 2020

Auto Remarketing

CarOffer founder and CEO, Bruce Thompson, shares his reasons to focus on staying optimistic and having a pre-owned vehicle strategy for when COVID-19 restrictions lift.

North Texas car dealerships are reopening showrooms after receiving ‘essential’ designation

April 21, 2020

Dallas News

Many dealerships have remained partially open in North Texas because they provide repairs and rentals. They moved the buying process online, delivered vehicles directly to homes and conducted "virtual test drives.” But dealerships can’t support their businesses through online sales alone, said Bruce Thompson, owner of Plano-based CarOffer and a serial entrepreneur in the car dealership industry.

CarOffer Brings Powerful New Consumer Acquisition Tool To Market

April 9, 2020

Auto Success

CarOffer, the automated instant wholesale vehicle trade platform, announced it is bringing to market early a new consumer vehicle acquisition channel for its dealer partners — for free.

Digital Motors, CarOffer, PointPredictive aid ailing industry

April 9, 2020

Auto Finance News

CarOffer, too, is supporting dealerships with the early release of its Consumer Buying solution, which it is providing for free until the pandemic subsides. The tool is designed to help connect auto dealers with consumers that want to buy, sell or trade a vehicle through integrated document management and customer relationship management systems.

CarOffer’s New Traffic-Generating Tool Will Help Auto Dealers Drive Sales During COVID-19

April 9, 2020

Dallas Innovates

Amidst the global pandemic, CarOffer brought its Consumer Buying feature to market ahead of schedule—and is making it free for the time being.

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

Yahoo Finance

Recognizing the challenges facing auto dealers during the pandemic crisis, CarOffer's new feature is focused on helping dealers reduce overhead, drive traffic and generate sales.

CarOffer : Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

Market Screener by 4 Traders

CarOffer, retail automotive's first automated instant wholesale vehicle trade platform, announced today it is bringing to market early a new consumer vehicle acquisition channel for its dealer partners – for free.

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

AP News

“The Consumer Buying solution is a product we planned on introducing later this year but given the unprecedented crisis COVID-19 has inflicted on our industry, we felt strongly that dealers need it now,” says Bruce Thompson, CarOffer CEO and Founder.

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

Cision PR Newswire

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

WFMZ-TV 69 News

Enhanced CarOffer Platform Helps Dealers Generate Instant Traffic and Sales During COVID-19 Crisis

CarOffer brings free consumer acquisition tool to market

April 8, 2020

Auto Remarketing

Helping auto dealers overcome the challenges of the COVID-19 pandemic, CarOffer has introduced a new feature to bring automation and efficiency to marketing and selling vehicles.

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

Morningstar, Inc.

Enhanced CarOffer Platform Helps Dealers Generate Instant Traffic and Sales During COVID-19 Crisis

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

MarTech Series

Enhanced CarOffer Platform Helps Dealers Generate Instant Traffic and Sales During COVID-19 Crisis

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

Tyler Morning Telegraph

Recognizing the challenges facing auto dealers during the pandemic crisis, CarOffer's new feature is focused on helping dealers reduce overhead, drive traffic and generate sales.

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

Star Local Media

CarOffer Brings Powerful New Consumer Acquisition Tool to Market

April 8, 2020

Auto Dealer Today

CarOffer Brings Powerful New Consumer Acquisition Tool to Market, Free and Ahead of Schedule

April 8, 2020

El Paso Inc.

Recognizing the challenges facing auto dealers during the pandemic crisis, CarOffer's new feature is focused on helping dealers reduce overhead, drive traffic and generate sales.

Fintech CarOffer creates used-car ‘stock exchange’

March 5, 2020

Auto Finance News

CarOffer, launched in September 2019, is a self-proclaimed “real-time Stock Exchange” for used vehicles, Thompson said. “Its just like placing a limit order in the stock market for Apple shares.”

NADA Daily 2020

February 14, 2020

Automotive News

See the CarOffer cover wrap on Automotive News’ NADA 2020 daily issue.

CarOffer’s Used Car Bidding Platform Hits $60M in Monthly Sales

February 12, 2020

Dallas Innovates

[CarOffer] says dealers can trade up to 30 percent more vehicles in the first 30 days using the platform, which is “retail automotive’s first automated instant wholesale vehicle trade platform.”

CAROFFER CELEBRATES RECORD MONTHLY SALES AND DEALER ENROLLMENT

February 10, 2020

AutoSuccess

[CarOffer] heads into the new year celebrating record monthly sales of $60M coupled with unprecedented 100% dealer rooftop growth in January.

CarOffer Soars into 2020 with Record Monthly Sales of $60M and 100% Month-Over-Month Dealer Enrollment

February 9, 2020

NBC 2

Company’s Automated Instant-Trade Platform is Transforming How Dealers Buy, Source and Trade for Pre-Owned Inventory

CarOffer reports record $60 million in monthly sales

February 7, 2020

Auto Remarketing

According to CarOffer, dealers can trade up to 30% more vehicles within the first 30 days of implementation.

CarOffer Soars into 2020 with Record Monthly Sales of $60M and 100% Month-Over-Month Dealer Enrollment

February 6, 2020

PR Newswire

Company's Automated Instant-Trade Platform is Transforming How Dealers Buy, Source and Trade for Pre-Owned Inventory

CarOffer Soars into 2020 with Record Monthly Sales of $60M and 100% Month-Over-Month Dealer Enrollment

February 6, 2020

Auto Blog

Company's Automated Instant-Trade Platform is Transforming How Dealers Buy, Source and Trade for Pre-Owned Inventory

CarOffer Soars into 2020 with Record Monthly Sales of $60M and 100% Month-Over-Month Dealer Enrollment

February 6, 2020

CarSizzler

Company's Automated Instant-Trade Platform is Transforming How Dealers Buy, Source and Trade for Pre-Owned Inventory

CarOffer Soars into 2020 with Record Monthly Sales of $60M and 100% Month-Over-Month Dealer Enrollment

February 6, 2020

Market Insider

"We've primarily used CarOffer to acquire inventory," says Mike Miskus, Used Car Manager at Indiana's Team Toyota. "We've purchased over 70 units through the platform in the last couple of months and found it to be a fantastic new way to source upstream vehicles. It's allowing us to continue double-digit year-over-year pre-owned sales increase."

CarOffer Soars into 2020 with Record Monthly Sales of $60M and 100% Month-Over-Month Dealer Enrollment

February 6, 2020

ASCCA

"CarOffer is the best tool we've seen in years – it's powerful and simple to use," says Chuck Kramer, COO of Foundation Auto Corp.

CarOffer Soars into 2020 with Record Monthly Sales of $60M and 100% Month-Over-Month Dealer Enrollment

February 6, 2020

AskAutoExperts.com

The company heads into the new year celebrating record monthly sales of $60M coupled with unprecedented 100% dealer rooftop growth in January. The perfect storm of an experienced team, a CEO serial entrepreneur, and a no-risk solution has set CarOffer up for early success and a strong outlook for 2020 with rooftop projections in the thousands by mid-year.

CarOffer Soars into 2020 with Record Monthly Sales of $60M and 100% Month-Over-Month Dealer Enrollment

February 6, 2020

AutomotiveAftermarket.org

"CarOffer's solution is unique and fills a need in our industry. We have successfully bought and sold units on CarOffer, and the system has allowed us to trade for 20-25% more vehicles due to its real-time offers at point of appraisal. And, we enjoy the ability to order our Gold and Platinum units in the system knowing they will get delivered as expected. I encourage every dealer to look at CarOffer."

CarOffer jumps in with instant trading

January 13, 2020

Automotive News

Bruce Thompson’s latest auto retail business is CarOffer, which lets dealers unload or stock up on used inventory.

Auto Remarketing Podcast: CarOffer Founder & CEO Bruce Thompson

December 6, 2019

Auto Remarketing Podcast

CarOffer founder and chief executive Bruce Thompson joined the show from Used Car Week 2019 last month in Las Vegas. Thompson talks about the market challenges his new company aims to solve and more.

Executive Profile: Bruce Thompson of CarOffer

December 6, 2019

Auto Remarketing

Car Dealers, Go All-In With Trade-Ins

November 5, 2019

Wards Auto

TBR 2019 3rd Quarter Vendor M&A Report

November 1, 2019

The Banks Report

Plano startup with $20M in backing revving up growth with used car marketplace for dealers

October 31, 2019

Biz Journals

Tool Promises More Trades

August 19, 2019

Used Car News

CarOffer Launches New Instant Wholesale Trade Platform Designed to Reverse Current Margin Compression Trend

August 14, 2019

Auto Success

CarOffer has created an entirely new way for dealers to win more trades, acquire more used inventory, and sell more cars for less cost.

CarOffer: Instant wholesale trade platform can reverse margin compression

August 7, 2019

Auto Remarketing

CarOffer™ Launches New Instant Wholesale Trade Platform Designed to Reverse Current Margin Compression Trend

August 6, 2019

Yahoo Finance

CarOffer™ Launches New Instant Wholesale Trade Platform Designed to Reverse Current Margin Compression Trend

August 6, 2019

Cision PR Newswire

New Wholesale Platform Promises to Reverse Margin Compression

August 6, 2019

Auto Dealer Today

[CarOffer] was designed to address today’s most pressing challenges surrounding appraisal win ratios, aging inventories, acquisition and selling of used vehicle inventory, and helping dealers reverse the current margin compression trends without monthly subscription fees or contracts.