CarGurus

WOW - what a way to kick off 2024 🎉 ! We're thrilled to be #1 on Built In's Best Places to Work in Boston list and #3 in the US overall! These awards celebrate "companies that provide the most attractive total rewards packages for their employees." And that makes this recognition especially meaningful to us. We're proud to offer our Gurus an array of benefits, programs, and perks that empower them to thrive personally and professionally in their daily lives 🌱 🏆 🚀 CarGurus helps people confidently buy and sell cars exactly how they want--AND we're a fantastic place to work. Join us for the ride! Check out our Built In profile: https://lnkd.in/e-iNb336 Explore our open roles: https://lnkd.in/grt24vtE #GreatToBeAGuru #BPTW2024 #2024BuiltInBest

🌟 MEET THE GURUS 🌟 Say hello to Elliot Haney, Senior Video Producer! 🚙 Elliot films, edits, and publishes video reviews of new cars on CarGurus' YouTube channel. He even makes an appearance himself now and then ❤️ Elliot is genuinely passionate about cars, enabling him to bring an authentic perspective to his reviews while doing what he loves. It's a win-win 🥁 Outside of work, you'll find Elliot reading sci-fi or jamming on the drums. He's a proud dad to one son, who is excited to be a big brother within the next few weeks! #GreatToBeAGuru #MeetTheGurus

2024 was the year that many organizations began truly using—and finding business value in—generative AI. Learn how companies can navigate the risks and drive responsible adoption in this Mass Technology Leadership Council article from CarGurus Senior Information Security Risk and Compliance Analyst Jared O'Connor💡 🚗 🚙 https://lnkd.in/dWjU-jPC

📌 DID YOU KNOW? Sunday, November 17th was #NationalERGDay! CarGurus has 8 Employee Resource Groups (ERGs) that welcome, support, and connect Gurus. Their insight, engagement, and creativity make our community better every day ☀️ 🚗 🚙 Learn more about our ERGs—and CarGurus' broader approach to diversity, equity, inclusion, and belonging—in this VentureFizz spotlight: https://lnkd.in/eybfHHP8 #GreatToBeAGuru

What's happening with pricing on new and used EVs and hybrids? Great conversation with Kevin Roberts at CarGurus on finding in its latest report, along with data from Cars Commerce and J.D. Power #EVs #hybrids #autos

Prices for used cars shifted into reverse this year, and the price gap between used and new cars has never been larger, writes Dalvin Brown. Buyers could save a record $20,000, on average, by choosing used over new, according to Edmunds's analysis of third-quarter sales. The gap was closer to $15,000 a few years ago. That doesn’t mean used cars are any cheaper to own. Insurance, maintenance and repairs have all grown more expensive. “Today’s drivers are being hit with a trifecta of rising costs—car values, insurance rates and still-high interest rates,” said Kevin Roberts, director of economic intelligence at CarGurus. “This translates to a monthly payment calculation that demands a lower price for many of today’s shoppers.” With Apple CarPlay, advanced safety systems and other amenities found in cars dating back eight or 10 years, there isn’t as big a feature gap as there was in the past when buying used. And it helps that vehicles now often last well beyond 200,000 miles. “You used to never want to buy a used car with anything approaching 100,000 miles,” said Karl Brauer, an analyst at iSeeCars, a car-buying marketplace. “Now you can buy a 120,000-mile Toyota that is barely over halfway through its easily estimated lifespan.” Read more: https://lnkd.in/eJe8uiiT

Hot off the presses - our October Market Intelligence Report is now live. Key insights include: ⤴ Demand on the rise: After a decline in Sept., new and used retail demand ticked back up, increasing 5% month-over-month for used and 4% for new (up 6% and 8% year-over-year, respectively). 💲 Used prices decline as inventory stabilizes: Used car prices are down 5% year-over-year. This is due, in part, to stabilizing inventory, which includes an increase in CPO options. ⚡New hybrid prices on par with ICE: The price of hybrids and ICE vehicles have converged. Compared to the same time in 2023, the spread between the two was over $4K. 📚 Read the full report here: https://cargur.us/17HVpc Insights via Kevin Roberts

🌟 MEET THE CG COMMUNITY 🌟 Introducing CarGurus Salutes Service Employee Resource Group (ERG)! ❤️ CG Salutes Service supports employees with military backgrounds as they navigate civilian work and the tech space, and assists the broader veterans' community. Justin Hammill (Systems Administration Manager), Kelly Haydu (VP, Information Security and Technology), and Kurt Bolgen (Senior Manager, Sales Acceleration Partners) lead this ERG 🏅 In honor of #VeteransDay, CG held a special recognition ceremony to acknowledge the courage and sacrifices of Gurus who have served in the Army, Navy, Marine Corps, Air Force, and Army National Guard 🌱 Through CarGurus' Drive Change Service Weeks, we partnered with three impactful organizations that support military veterans and their families. Guru volunteers built furniture for veterans with Mission Of Deeds, prepared meals with New England Center and Home for Veterans, and assembled veteran wellness packs with Home Base #GreatToBeAGuru #MeetTheGurus

We're proud to see one of our own recognized by Automotive News as a 2024 Rising Star. Congrats to Brad Rosenfeld, EVP of Digital Retail, for this distinguished honor. Learn more about Brad and his focus on helping to optimize the online to in-store experience for both dealers and shoppers: https://cargur.us/17HRYd

“We celebrate every win, and when things don’t go as planned, we learn and adapt for the next opportunity.” Learn how CarGurus' Dublin-based UK sales team leader Deirdre Ní Dheá fosters collaboration, growth, and support among her teams in the Built In article below, and apply for open Dublin roles here: Account Executive: https://lnkd.in/dABksNJt Sales Development Representative: https://lnkd.in/dC2ZR3xR Built In: https://lnkd.in/dCcXM-_q