Autotrader.com

Last updated
Autotrader
Company type Subsidiary
IndustryE-commerce software
Founded1997;27 years ago (1997)
Headquarters Atlanta, Georgia, U.S.
Area served
United States
Australia
Key people
Stephen Rowley (CEO)
ProductsDigital automotive marketplace, pre-packaged software
Owner Cox Enterprises
Number of employees
859
Parent Cox Automotive
Website

Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information. [1]

Contents

The firm is based in Atlanta, Georgia. [2] [3] Since 2018 it has also been operating in Australia. [4]

Autotrader.com is owned by the Cox Automotive subsidiary of Cox Enterprises.

History

Autotrader.com was founded in 1997. [2]

It was derived from Auto Trader magazine, first published by Stu Arnold in 1973. He sold the business in 1988 to Cox Enterprises, an Atlanta-based media chain. [5]

In 2010, Providence Equity Partners purchased a 25% interest, becoming a minority owner in the company. [6] Kleiner Perkins Caufield & Byers is also an investor.

In 2010, a tool was added to the website to get an instant trade-in offer. [7]


Australian branch

In August 2016, Cox Automotive bought out News Corp Australia's 55% stake in CarsGuide.com.au, forming the new automotive venture, Cox Automotive Australia. [8] [9] [10] In the two years following, Cox Automotive worked with buyers and sellers through various avenues and identified a gap in the market. [11] This eventually led to the launch of the Autotrader.com.au website in October 2018, alongside the Australian arm of Kelley Blue Book. [11] [12] In May 2020, eBay Classifieds group acquired Cox Media, which is the subsidiary of Cox Automotive that runs Autotrader. [13]

The Australian branch operates slightly differently due to the specifics of the Australian market. The website styles itself as the 'automotive marketplace where everyone wins.' [14] It suggests that it benefits buyers by providing them with dealer reviews, which allow buyers to review their experiences with sellers, as well as the Price Advisor provided through Kelley Blue Book; [15] while sellers would benefit from having better-informed and more confident buyers. [15] CEO Shaun Cornelius stated that the website is "cutting out legwork for dealers as they receive leads from buyers who are more primed and ready to purchase." [16]

The website aggregates new, demonstrator and second-hand cars. For buyers, the company provides access to support and guidance, to allow them to make a more educated purchasing decision. They also provide transparent information about the dealer of the car, including the location, the name, a photo of the sales manager, their dealership rating and buyer reviews. [14]

Products and website

Autotrader.com offers services that help consumers buy cars, sell cars, or research car purchases. [3] For buyers, the site offers listings of new and used vehicles for sale from dealers and private sellers. [3] [17] It can search for cars through categories: make and model, price range, style, drive type (automatic or manual), engine type, color (exterior and interior), mileage and number of doors.

Those wishing to sell to a dealer can ask for offers from their local area. [17] [18] After taking their car to the dealer to verify its condition, the owner may then sell for the offered price, either as cash or trade-in value. [7] [18] Sellers may purchase an ad package with a description, and upload up to 30 photos.

The firm has an editorial team that reviews new and used cars and provides tips and advice via videos, articles, and social media content. [17] [18] The firm offers its products and services online and on its iPhone, Android, Windows 8, and iPad apps. [17] [18]

The firm owns and operates AutoTraderClassics.com, an online marketplace of classic, antique, and specialty automobiles.

Recognition

Autotrader earned the 2010 Most Useful Automotive Site, from J.D. Power and Associates, the 2012 Information Week 500 Award, and the 2013 Dealers' Choice Diamond Awards for both New and Used Vehicle Internet Leads. [2] [19] [20]

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References

  1. ↑ "Home page". Autotrader.com. Retrieved 18 June 2013.
  2. 1 2 3 "Autotrader.com Helps Car Shoppers Go Green". ABC News. Archived from the original on 24 June 2013. Retrieved 18 June 2013.
  3. 1 2 3 "Company Overview of Autotrader Group, Inc". Bloomberg Businessweek. Archived from the original on June 22, 2009. Retrieved 18 June 2013.
  4. ↑ Wallbank, Paul (2018-11-28). "US giant Cox Automotive launches Autotrader in Australia". Mumbrella. Retrieved 2019-01-04.
  5. ↑ Group, A. I. M. "Original founder of Auto Trader magazines dies in Florida at 82 - AIM Group". https://aimgroup.com/ . Retrieved 2024-08-11.{{cite web}}: External link in |website= (help)
  6. ↑ Kershner, Jeff. "Autotrader.com is Sold to Providence Equity Partners". Dealer Refresh. Retrieved 18 June 2013.
  7. 1 2 Meece, Mickey (13 October 2011). "Used-Car Dealers Have a Deal for You. No Kidding". The New York Times. Retrieved 18 June 2013.
  8. ↑ "News Corp Sells Stake In CarsGuide As Merger Sees It Become Part Of Cox Automotive". B&T. 2016-08-09. Retrieved 2019-01-04.
  9. ↑ Perkins, James. "US AUTO CONGLOMERATE TO TAKE OVER CARSGUIDE". Business News Australia. Retrieved 2019-01-04.
  10. ↑ "News Corp to exit CarsGuide". Australian Financial Review. 2016-08-08. Retrieved 2019-01-04.
  11. 1 2 Wallbank, Paul (2018-11-28). "US giant Cox Automotive launches Autotrader in Australia". Mumbrella. Retrieved 2019-01-04.
  12. ↑ "Kelley Blue Book launches in Australia". GoAutoNews Premium. 2018-10-01. Retrieved 2019-01-04.
  13. ↑ "EBay Classifieds acquires Cox Australia". Archived from the original on 2020-06-09.
  14. 1 2 "Autotrader". Autotrader. Retrieved 2019-01-04.
  15. 1 2 "Home-grown Autotrader launches". GoAutoNews Premium. 2018-11-29. Retrieved 2019-01-04.
  16. ↑ "Autotrader expands footprint to Australia". Auto Remarketing. 2018-12-04. Retrieved 2019-01-04.
  17. 1 2 3 4 Paglia, Ralph. "AutoTrader Acquires VinSolutions – An Auto Industry Insider's Perspective". Automotive Digital Marketing. Retrieved 18 June 2013.
  18. 1 2 3 4 Craig, Ted. "Autotrader.com Buys vAuto". Used Car News. Archived from the original on 24 June 2013. Retrieved 18 June 2013.
  19. ↑ "Awards and Honors". Autotrader.com. Retrieved 18 June 2013.
  20. ↑ Chang, Richard S. "Kelley Blue Book Sold to Autotrader.com". The New York Times. Retrieved 18 June 2013.
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