Cars to acquire the accu-trade group, adds digital vehicle acquisition to the cars platform

Chicago, feb. 8, 2022 /prnewswire/ -- transaction highlights: acquires powerful data and technology assets that allow dealers to efficiently buy and sell inventory through cars' extensive dealer network and tap into cars' massive in-market audience, improving dealer inventory turn and maximizing transaction margins enables real-time transparency on vehicle valuation and provides a trusted platform for secure online transactions for dealers and consumers looking to sell to qualified buyers further strengthens end-to-end capabilities on cars' platform, driving incremental revenue and arpd opportunities cars.com inc. (nyse: cars) ("cars" or the "company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today announced that it has signed an agreement to acquire 100% of the assets of accu-trade, galves market data and made logistics ("accu-trade"), which includes real-time, vin-specific appraisal and valuation data, instant guaranteed offer capabilities, and logistics technology. consideration for the transaction will be $65 million in cash at closing.
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