CarGurus Continues to Support U.S. Dealers with Rate Reductions for June

About this update from Cargurus, Inc.

[{"type":"text","content":"CAMBRIDGE, Mass., April 29, 2020 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global automotive marketplace, today announced a comprehensive 20% rate reduction for the month of June for its subscribing dealerships in the United States. CarGurus was the first among the major U.S. online automotive marketplaces¹ to offer discounts to dealers for April and has continued to offer discounts for May and now June.\n The June discount is intended to provide extended cost relief, enabling dealers in the U.S. to continue to connect with shoppers on the CarGurus platform and benefit from pent-up demand heading in to summer. An April survey by CarGurus showed that 73% of U.S. car shoppers surveyed say they plan to buy a car in 2020. Among those shoppers, 49% plan to purchase a vehicle in the next three months and only 8% of those who were planning to buy in 2020 before the pandemic said they were delaying their purchase indefinitely. “We’ve seen tremendous resilience from our subscribing dealers as they manage and adapt through these challenging times, and we are committed to helping with those efforts,” said Sam Zales, President and COO at CarGurus. “We hope the June discount, as well as the other free services and resources we are offering, can help dealers best position their businesses to weather the crisis and turn the corner to recovery.” While COVID-19 social distancing guidelines have forced many dealerships to close their sales operations, many of CarGurus’ dealer customers continue to engage shoppers online and through socially distant methods. To promote those capabilities, at no charge, over 5,000 dealers worldwide have signed on take advantage of CarGurus’ new Contactless Services features. Dealers can find more COVID-19 information and learn how CarGurus can be a partner and resource at this time by visiting the Driving Difference area of the CarGurus Dealer Resource Center. Dealers with questions about discounted rates should contact their CarGurus representative or call 1-800-CARGURUS. CarGurus also announced June discounts to subscribing dealers in the United Kingdom, and the company plans to make an announcement on Canada discounts at a later date. _______________________________¹ CarGurus defines major online automotive marketplaces in the U.S. as CarGurus.com, Autotrader.com, Cars.com, and TrueCar.com About Car...

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