CarGurus Provides Contactless Options to Purchase a Vehicle
As shoppers adhere to their local regulations for conducting retail activity, CarGurus’ new array of search features will help those who are able to shop for a vehicle to do so safely. For those subscribing dealerships, the new search filter and vehicle description features can be applied to their inventory on CarGurus.com. Those dealerships can opt into any or all of the following services that they are able to provide to shoppers:
- Social Distancing Appointments – Dealers can schedule appointments with shoppers to visit their dealerships, and confirm specific timing to ensure social distancing
- Virtual Appointments – Shoppers can schedule a virtual meeting with a dealership to conduct a virtual walk-around of the vehicle
- Contactless Purchase – Shoppers can either pay for or finance a vehicle remotely, by either phone or email, and any paperwork will be delivered to them
- Free Test Drive at Home – In up to a 25 mile radius for the
U.S. andU.K. or roughly a 50 kilometer radius inCanada , vehicles can be brought to a shopper’s residence so they can safely test drive it with no commitment to purchase - Free Home Drop Off – In up to a 25 mile radius for the
U.S. andU.K. or roughly a 50 kilometer radius inCanada , a dealer will deliver a vehicle and the associated paperwork to those shoppers that commit to purchasing it
“At our core,
Dealer Resources:
Dealers that are interested in learning more about CarGurus’ contactless features for COVID-19 can contact their
U.S. - https://dealers.cargurus.com/contactless-service-usCanada – https://dealers.cargurus.com/contactless-service-ca.htmlU.K. - https://dealers.cargurus.com/contactless-service-uk.html
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Cautionary Language Concerning Forward-Looking Statements
This press release includes forward-looking statements. All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding improvements to our site user experience, new features and product offerings, the value proposition of our products, our business and growth strategy, and our ability to help our dealer customers and consumers, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “guide,” “intend,” “likely,” “may,” “will” and similar expressions and their negatives are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation: risks related to our rapid growth and ability to sustain our revenue growth rate; our relationships with dealers; competition in the markets in which we operate; market growth; our ability to innovate and manage our growth; our ability to expand effectively into new markets; our ability to realize benefits from our acquisitions and successfully implement the integration strategies in connection therewith; natural disasters, epidemics or pandemics, like COVID-19 that have negatively impacted our business; our ability to operate in compliance with applicable laws; as well as other risks and uncertainties set forth in the “Risk Factors” section of our Annual Report on Form 10-K, filed on
Contact:
pr@cargurus.com
Source: CarGurus, Inc.