CarGurus, an online automotive marketplace, has broadened its appeal with a major push into wholesale vehicle sales. According to Forbes, the company announced an agreement to purchase a 51% stake in web-based wholesale trade platform CarOffer, which is based in the United States, and “will have the option to purchase the remaining equity in CarOffer over the next three years.” The move is significant and will bring the company closer to consumers opting for used over new cars. (Source: Forbes) Read the original article…
