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Classified in: Transportation, Business
Subjects: CON, NPT

CarGurus and AMVOQ Announce Partnership to Expand Inventory Visibility for Used Car Dealers



Leading car shopping site joins Québec's premiere non-profit used car organization to boost dealer exposure and increase consumer connections

CAMBRIDGE, Mass., May 18, 2018 /CNW/ -- CarGurus, a leading global online automotive marketplace, today announced a strategic partnership with AMVOQ (Used Car Dealers Association of Québec), the largest non-profit organization for used car dealers in Québec. With this collaboration, AMVOQ members will have the ability to list their inventory on CarGurus, gaining access to high-quality connections from the site's fast-growing consumer audience.

CarGurus has a proven track record in helping dealers increase their lead volume, and in collaboration with one of Québec's top used car dealer organizations will provide a valuable resource for the province's dealer community. The alliance further emphasizes CarGurus' commitment to the Canadian market and a dedication to providing best tools in the market for third-party listings.

"Dealers rely on CarGurus as a technology-driven resource to connect with highly qualified, ready-to-buy car shoppers," said Diego Sanson, Vice President of international business development at CarGurus. "By forming this relationship with AMVOQ we hope to reach and educate more dealers on the advantages of CarGurus' market leading technology and ultimately, help them sell more cars."

CarGurus brings trust and transparency to the car shopping process, helping shoppers easily search local listings, find great deals and connect with top-rated dealers. The company uses advanced technology and data analytics to analyze thousands of listings and provide consumers with search results ranked and rated in order of which offer the best deals from the best dealers. Dealerships work with CarGurus because the company delivers an efficient customer acquisition channel driven by the volume of high quality connections to the site's users. CarGurus not only offers products that help dealers acquire these customers and build their brands, CarGurus also helps dealers market and sell their cars more efficiently.  

"AMVOQ is particularly proud of this collaboration with CarGurus. This arrangement will allow our members to have privileged access to an online advertising platform that is becoming increasingly important in our market," said Steeve De Marchi, Executive Director at AMVOQ. "Our partnership with CarGurus is part of a data enhancement strategy to allow AMVOQ members to have an increased digital presence and improve their competitiveness."

As an AMVOQ partner, CarGurus will work closely with the organization's representatives on communicating to dealers the value of a digital marketing strategy rooted in advanced technology. In addition, CarGurus representatives will be available to dealers at the AMVOQ Annual Conference.

Canadian dealers wishing to activate their inventory on CarGurus and learn more about other advertising programs can call (855) 344-4814 or contact your AMVOQ representative at 1 800-569-7007 #3

About CarGurus
Founded in 2006, CarGurus (Nasdaq: CARG) is a global, online automotive marketplace connecting buyers and sellers of new and used cars. The Company uses proprietary technology, search algorithms and data analytics to bring trust and transparency to the automotive search experience and help users find great deals from top-rated dealers. CarGurus is the largest automotive shopping site in the U.S. based on monthly unique visitor traffic (source: ComScore Media Metrix Multi Platform, March 2018). In addition to the United States, CarGurus operates online marketplaces in Canada, Germany, Italy, and the United Kingdom. To learn more about CarGurus, visit www.cargurus.ca.

CarGurus® is a registered trademark of CarGurus, Inc.

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 the partnership arrangement with AMVOQ, our product offerings and platform, and the value proposition of our products, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "intend," "guide," "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 operate in compliance with applicable laws as well as other risks and uncertainties set forth in the "Risk Factors" section of our Quarterly Report on Form 10-Q, filed on May 3, 2018 with the Securities and Exchange Commission (SEC), and subsequent reports that we file with the SEC.  Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. We are under no duty to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

About AMVOQ:

Used Car Dealers Association of Québec (AMVOQ)

Founded in 1989 by used car dealers, AMVOQ is a non-profit Association with more than 1300 members, represented in all regions of Québec. They offer used vehicles of all categories.

The mission of AMVOQ is:

Because selling used cars is our profession.

CONTACT: Shannon Todesca, 617-315-1130, stodesca@cargurus.com

SOURCE CarGurus


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