NEW DATA-DRIVEN, PERSONALIZED INSIGHTS REPORTS FROM CARS AVAILABLE AT THE 2023 NADA SHOW THIS WEEK, EMPOWER DEALERS WITH A COMPETITIVE EDGE

Rhea-AI Summary

CARS (NYSE: CARS) announces a range of innovative, data-driven reports for auto dealers, enhancing trade-in processes, brand reputation, and marketing strategies. These reports, available for free at the 2023 NADA Show in Dallas from January 27-29, include the Accu-Save Calculator, which streamlines vehicle appraisals, reducing time spent on trade-ins.

Additionally, the Experience Review leverages AI to analyze dealer reviews for reputation management, and the FUEL In-Market Map Planner targets audience plans using in-market audience data. These personalized insights aim to provide dealers with a competitive edge in the automotive marketplace.

Positive

• Introduction of three free personalized reports for dealers can enhance trade-in process efficiency.
• Accu-Save Calculator reduces vehicle appraisal time significantly, potentially increasing profitability.
• Experience Review provides actionable insights from dealer reviews, improving brand reputation.
• FUEL In-Market Map Planner enables targeted marketing using high-quality audience data.

Negative

• None.

Using Platform-Connected Data, CARS Offers Dealers a Free Preview of How to Maximize Their Trade-in Process, Brand Reputation and Targeted Marketing Efforts

CHICAGO, Jan. 24, 2023 /PRNewswire/ -- With the Cars.com Inc. (NYSE: CARS) platform further strengthened by recently integrated companies such as Accu-Trade and CreditIQ, the richness and scope of its data offering continues to grow. CARS will offer three free, personalized reports for dealers leveraging its platform-connected data at this week's 2023 National Association of Automobile Dealers (NADA) Show in Dallas Jan. 27-29.

Dealers can visit CARS Booth #509 in Hall A at the Kay Bailey Hutchison Convention Center Dallas or reach out to their CARS account rep to gain access to their personalized reports:

• The Accu-Save Calculator: Approximately 45%¹ of vehicles sold at a dealership have a trade-in attached. With a standard in-store appraisal averaging 20 minutes per vehicle, dealerships are wasting hundreds of hours on outdated trade-in processes. An Accu-Trade appraisal takes as little as two minutes, and its unique, patent-pending OBD scanner identifies reconditioning issues in 1 of every 4 scanned vehicles — something often missed in traditional appraisals — saving dealers thousands in profitability by identifying maintenance needs before acquisition. Using a dealer's current inventory feed, the report delivers a personalized summary of the time waste and opportunity cost of traditional appraisals and potential cost savings that could be realized by modernizing.
• The Experience Review: Reputation matters, and while dealer reviews through DealerRater offer valuable insights, it's now possible to leverage those reviews for macro-level business improvements. Through natural language processing, a type of artificial intelligence, CARS has developed a personalized report identifying which dealership areas are over- or underperforming based on the detailed content of reviews across Cars.com and DealerRater. The information helps dealers focus on opportunities to build a stronger brand reputation.
• The FUEL In-Market Map Planner: Dealers looking to maximize cost-effective market share growth must start with high-quality data. Back by popular demand, the FUEL In-Market Map Planner leverages Cars.com's pure, in-market audience data to build a customized, geographically targeted, multiscreen audience plan. Dealers can get a sneak preview of competitors' claimed territories to ensure prime placement in the markets that matter most. This year, the report includes in-market display, social and video.

Dealers looking for more information can visit CARS Booth #509 in Hall A at the Kay Bailey Hutchison Convention Center Dallas Jan. 27-29 at the 2023 NADA Show or reach out to their CARS rep.

Sources: 1.NADA data, franchise dealers only, December 2022

ABOUT CARS.COM

CARS is the leading automotive marketplace platform that provides a robust set of digital solutions that connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share.

In addition to Cars.com™, the Company's brands include Dealer Inspire®, a technology provider building solutions to future-proof dealerships with more efficient operations and connected digital experiences; FUEL™, an advertising solution providing dealers and OEMs the benefit of leveraging targeted digital video marketing to Cars.com's audience of in-market car shoppers; DealerRater®, a leading car dealer review and reputation management technology solution; CreditIQ™, digital financing technology and Accu-Trade™, vehicle valuation and appraisal technology. The Company's portfolio of brands also includes Auto.com™, PickupTrucks.com™ and NewCars.com®.

The full suite of CARS properties includes Cars.com™, Dealer Inspire®, FUEL™, DealerRater®, CreditIQ™, Accu-Trade.com™,  Auto.com™, PickupTrucks.com™ and NewCars.com®. For more information, visit www.Cars.com.

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SOURCE Cars.com Inc.

FAQ

What new reports is CARS offering at the 2023 NADA Show?

CARS is offering three new reports: the Accu-Save Calculator, the Experience Review, and the FUEL In-Market Map Planner.

When is the 2023 NADA Show where CARS will present?

The 2023 NADA Show takes place from January 27 to January 29, 2023.

How does the Accu-Save Calculator benefit dealers?

The Accu-Save Calculator streamlines vehicle appraisals, reducing time spent on trade-ins from an average of 20 minutes to as little as 2 minutes.

What technology does the Experience Review use?

The Experience Review uses natural language processing, a type of artificial intelligence, to analyze dealer reviews.

What is the purpose of the FUEL In-Market Map Planner?

The FUEL In-Market Map Planner helps dealers create targeted audience plans for market share growth using in-market audience data.