- CarGurus' fortunes have been tied to the sagging sales of used car dealerships across the U.S.
- Dealers have had to deal with a plethora of issues, including store closures, constrained car supply, and increased e-commerce competition.
- As we look ahead to re-opening in 2021, however, we can hope that advertiser budgets will return to CarGurus.
- CarGurus remains one of the top sites for used car research in the U.S., and that dominant position will help dealerships compete for virtual traffic against the likes of Vroom and Shift.
For further details see:
CarGurus: It May Feel Like Dumpster Diving, But This Stock Is A Diamond In The Rough