Atlantabased autotrader, founded 12 years ago, hopes the move will boost advertising revenue. The cruise acquisition shows that gm is serious about autonomous driving, as is almost every other oem, said akshay anand, kelley blue book s manager of commercial insights. Jun 27, 2019 down payment and tradein as with regular financing, you may need to put down some cash or use your current vehicle as a tradein, in which case you will need to go to kelley blue book kbb to determine your current cars worth. Autotrader buys kelley blue book for undisclosed sum autoblog. Kelley blue book new and used car price values, expert. Car owners can trade in their car for another or sell their. Autotrader to announce kelley blue book acquisition by. Autotrader kelley blue book cox automotive headquarters. The acquisition is expected to close by the end of the year. Kelley blue book tradein range the tradein range is kelley blue books estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. Virtually synonymous with car research and shopping, kelley blue book is the most recognized and most used thirdparty brand by u. Oct 25, 2010 in september kelly blue book made a bold move and dropped autotrader as its source of advertised dealer inventory and moved over to a payperlead model having its inventory powered by. Dec 19, 2019 the global companys 34,000plus team members and family of brands, including autotrader, clutch technologies, dealertrack, kelley blue book, manheim, nextgear capital, vinsolutions, vauto and xtime,are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many. Since 1926, kelley blue book has been helping car shoppers and the automotive industry with trusted pricing on new cars, certified preowned cars and used cars.
In december 2010, kelley blue book was purchased by autotrader. Kelley blue book provides the trusted resource which provides vehicle buyers and sellers with information on new and usedvehicles. Kelley blue book will operate as a subsidiary of and continue to be headquartered in irvine, ca. Maintaining its status as the trusted resource for car values is a top priority for kelley blue book along with its toprated website. Cox automotive is an atlantabased business unit of cox enterprises, formed in 2014 to consolidate all of coxs global automotive businesses, including kelley blue book, xtime, autotrader. Top autotrader, kbb execs discuss how acquisition can. Oct 26, 2010 said today that it will acquire kelley blue book, which will continue to operate as a subsidiary. Oct 26 reuters online automotive advertising company may announce on tuesday its acquisition of car pricing service kelley. There site is designed to give you more control of the buying. Represented in numerous strategic transactions, including its acquisitions of kelley blue book and vauto.
Til kelly blue book has been purchased by autotrader used. We are excited about the growth strategy he has developed for the company, said chip perry, president and ceo of. We are excited about the growth strategy he has developed for the company, said chip perry, president and ceo of autotrader. Cox enterprises to buy back autotrader stake reuters.
Kelley blue book provides the trusted resource which provides vehicle buyers and sellers with. Kelley blue book instant cash offer is a platform for consumers to get the value of their vehicle backed by a check from a dealership. Browse our collection of autotrader buys kelley blue book information for news stories, slideshows, opinion pieces and related videos posted on. October 26, 2010 announced on tuesday that it has acquired kelley blue book. These features should be stressed in advertising and as part of the sales process. Oct 26, 2010 oct 26 reuters online automotive advertising company autotrader. Oct 26, 2010 tweet share post auto sales site autotrader is acquiring kelley blue book in a deal that is expected to close by the end of the year. Jan 03, 2014 cox enterprises to buy back autotrader stake. In 1995, kelley blue book created its company website, which contained tips and pricing information from its hardcopy guide. In exclusive interviews with dealer communications and the wall street journal, autotrader president and ceo chip perry and kelley blue book president and ceo paul johnson talked about the background and the. The acquiring of kelley blue book comes on the heels of autotrader finalizing its agreement to secure vauto. Jacci grillo director of sales northeast kelley blue book. Perry explained the thought process for why autotrader made these deals within just a. Kelley blue book instant cash offer integration with vauto.
After youve acquired the vehicle you have seven days to decide whether to resell it on your lot or sell the car to autotrader for the full tradein amount. Kelley blue book instant cash offer provides you with a seamless way to acquire the inventory you need directly from consumers already on your lot or on your website and it provides the transparent and trusted customer experience todays car shoppers demand. Automobile classified advertising site plans to acquire one of the most venerable names in car shopping kelley blue book. Oct 01, 2015 the completed deal ends a more than fourmonth process to bring the two companies together. Kelley blue book honored for 2011 spotlight deal of the year. Like it or not, autonomous cars are coming, and coming fast. Feb 11, 2020 today kelley blue book announced the integration of its instant cash offer tool with vautos provision tool to help dealers win more trades and maintain or improve efficiency during the appraisal. Autotrader and kelley blue book announced earlier this week it is working with lendingtree to offer more auto lending options. Kelley blue book honored for 2011 spotlight deal of the year award by association for corporate growth orange county. As part of the deal, will also acquire kbb sister companies cdmdata and cdm dealer services.
Oct 27, 2010 automobile classified advertising site plans to acquire one of the most venerable names in car shopping kelley blue book. Kelley blue book, the company so intertwined with the process of valuating cars and trucks for buyers and sellers that it became part of the american vernacular, has been sold. General motors buys autonomous driving startup autotrader. Til kelly blue book has been purchased by autotrader used car seller and nada guides has been purchased by j.
In december 2010, kelley blue book was purchased by. Dec 16, 2010 closes the kelley blue book acquisition december 16, 2010 fusion diginet, the automotive marketplace and consumer information website, has completed its transaction to acquire kelley blue book, the provider of new car and used car information. The deal is expected to close by the end of the year. Top autotrader, kbb execs discuss how acquisition can benefit. Today kelley blue book announced the integration of its instant cash offer tool with vautos provision tool to help dealers win more trades and maintain or. With this acquisition, it would only make sense to have s inventory will once again be powered by autotrader. It helps to have a trusted pricing source on your side. Any down payment will need to be subtracted from the transaction price. The pending deal, announced tuesday, would give atlanta. Oct 26, 2010 kelley blue book, the company so intertwined with the process of valuating cars and trucks for buyers and sellers that it became part of the american vernacular, has been sold. Furthermore, is committed to maintaining and strengthening kelley blue book s role as the trusted resource for vehicle valuation and other important information consumers. Cox automotive is an atlantabased business unit of cox enterprises, formed in 2014 to consolidate all of coxs global automotive businesses, including kelley blue book, xtime, and manheim. Autotrader buys kelley blue book articles, photos and.
Instant cash offer tradein tool kelley blue book b2b. Autotrader buys kelley blue book for undisclosed sum. Kelley blue book was acquired by autotrader on december 15, 2010 publishing company out of 60 sectors in the mergr database, publishing ranked 47 in number of deals in 2010. Jacci grillo director of sales northeast kelley blue. Kelley blue book of irvine provides price information on new and used cars. We help validate and build credibility for vehicles, dealerships and financial partners through awards, inventory and brandbuilding solutions, pricing data, and tradein and acquisition tools. Atlanta less than a year after acquired kelley blue book, the industry is beginning to see the results of how these two companies. In september kelly blue book made a bold move and dropped autotrader as its source of advertised dealer inventory and moved over to a payperlead model having its inventory powered by. Find used cars and new cars for sale at autotrader. After its acquisition, the company operated as a subsidiary of autotrader.
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