Indexing 2+ Million “live” listings a day, CarGurus helps consumers figure out if a car listing is “under” or “over” its real regional market value.
CAMBRIDGE, Mass., October 27, 2010 — CarGurus® (http://www.cargurus.com/), a leading online automotive community, announced today that its DealFinder service has just added Regional Pricing to its offering.
Based on a daily analysis of 2+ Million “live” car listings as well as historic pricing models, DealFinder calculates what a car listing is really worth. This analysis includes factors for mileage, car model, car trim and options and then compares that “instant market value” to the seller’s listed asking price for the car. Consumers can then see first-hand if the car in question is above or below its real “instant market value.” Based on a consumer’s search criteria, the resulting car listings are ranked based on which cars offer the best savings (below the real “instant market value”). Consumers can quickly see which listings are “good” or “bad” deals.