CarGurus™ Instant Max Cash Offer Extends to New York, Maryland and Minnesota

About this update from Cargurus, Inc.

[{"type":"text","content":"CAMBRIDGE, Mass., Nov. 11, 2021 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced today it is bringing its seamless, convenient, and 100%-online car selling experience to more states as consumers look to trade in their vehicles for the best possible offer and hassle-free experience. CarGurus has added New York, Maryland and Minnesota as the latest locations to its phased national rollout of CarGurus Instant Max Cash Offer. Launched in late July, CarGurus Instant Max Cash Offer is based on the powerful synergies of the CarOffer-CarGurus partnership. Leveraging CarGurus’ leading online marketplace of approximately 29M unique monthly car shoppers in the U.S.1 with CarOffer’s Buying Matrix network of thousands of dealers across the country, CarGurus Instant Max Cash Offer brings consumers and dealers together as no other platform can do. The solution gives dealers access to much-needed inventory supply, and consumers looking to sell their car receive the highest buy order instantly from thousands of dealers throughout the U.S. In addition, the companies’ expertise in auto retail ensures the experience extends with a white-glove pickup and payment service. For more information on how it works, visit here. “We are thrilled with the early success of CarGurus Instant Max Cash Offer and we’re only halfway through our rollout across the U.S.,” said Sam Zales, President and Chief Operating Officer at CarGurus. “We are delivering a solution that simply hasn’t been done before – one that benefits dealers faced with a scarcity of inventory, and one that meets the demands of consumers for convenience, transparency, simplicity and a premium buy offer. Our rollout of CarGurus Instant Max Cash Offer is being done in a thoughtful, deliberately staggered way to ensure seamless scalability and reliability for everyone involved. The response so far has been outstanding and we are only at the tip of the spear in realizing the potential of our reach and capabilities.” One recent consumer shared his CarGurus Instant Max Cash Offer experience: “The offer was better than any offer I was getting from dealerships or people in general and it was just an offer I couldn’t turn down. It was a smooth and easy process for me to go through to get the car sold. I would definitely reco...

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