Stay in the loop on our blog Shares of CarGurus, Inc. (NASDAQ:CARG), an online platform … The widespread economic uncertainty is increasing consumer demand for financing.

CarGurus Tutorials and Tips; Blog; COVID-19 Resources; COVID-19 Follow-up study offers a glimpse into the new normal of car shopping Posted by Beth Burke on July 21, 2020 Tweet; As a follow-up to the Consumer Sentiment Study we presented in April, CarGurus surveyed an additional 779 shoppers in June to see how their feelings toward car shopping have changed during the pandemic. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. The survey suggested several reasons for this increase in purchase intent: As both delayed and new purchasers enter the market, it’s crucial for dealers to offer innovative shopping solutions, both in-dealership and online, to address evolving consumer needs.

This is important not only for your own well-being, but also to help prevent the spread of the coronavirus. What’s new at CarGurus? Of these, 63% intend to purchase a vehicle in 2020. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. In April, we launched our Driving Difference campaign to support our dealer partners and help promote the creative ways they are evolving their businesses in this new environment. When compared to.

Many respondents indicated that the pandemic has changed their feelings towards mobility, particularly in the short term. Of these, 73% intend to purchase a vehicle in 2020.

Overall, the study shows that despite lingering near-term delays in car purchases, most sales are not expected to be lost in the long term. �_��t����U�Ƒ��I���S�|�a� ��ֳ���B�s��P�kn]O��T��A. COVID-19 Drives Automakers to Offer Low-APR Deals and Deferred Payments; How to Clean Your Car to Help Prevent the Spread of COVID-19; U.S. Automakers Respond to the Coronavirus Pandemic; Updated on: May 28, 2020
The remaining 37% initially planned to, but have delayed their purchase.

CAMBRIDGE, Mass., July 21, 2020 -- CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today released its second COVID-19 Sentiment Study. Tweet; As consumers emerge from … Amid the current COVID-19 lockdown, the company is now offering ways for its subscribing dealers in the UK to safely communicate and connect with consumers.

For more information on how to disinfect a car, CarGurus has published a guide to However, fewer respondents reported delays (69% in June versus 79% in April), and very few shoppers plan to delay purchases indefinitely (2% in June versus 8% in April). Quarterly product updates, Top 2020 US used car searches on CarGurus, by state. In April 2020, CarGurus surveyed 501 UK shoppers on their sentiments toward car shopping during the COVID-19 pandemic.

Now we’re inviting dealers to share their stories: tell us how you’re #DrivingDifference. Now 60% plan to (or did). According to the study, 49% of car shoppers planned to finance their purchase before the pandemic. ����h�>��࠸���Ě��Bg We've created this page to bring you the latest updates and resources from CarGurus, all in one place.
What happened. Dealers should be ready to adapt to buyers with new motivations for buying, additional financial stress, and evolving expectations around in-store safety measures. If you’re concerned your car might have come into contact with the coronavirus – for example, if a person with COVID-19 symptoms has traveled in it – you should disinfect it. © 2020 CarGurus, Inc., All Rights Reserved. �8G����33g&���rӌ��]y�Qԍ�, �Ö$nto�'CQ5��˶�=�%_�a�67u祩�?�8�v�}��h��o�"ۘ�X}�k�_}�C-�Q"�DE�+�R��EK��M^9��������z!�D3eW��%����Kw2�^��<2�?= Key takeaways Lagging, but not lost Auto sales are delayed, but most are not lost. The decrease in delays suggests that consumers are returning to the market as dealerships across the US re-open.

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