Day: November 9, 2021

Global Automotive Aftermarket Part Market Revenue Analysis and Industry Forecast, 2021 to 2027 Top Most Key Players Robert Bosch GmbH, Denso Corp., Magna International Inc., Continental AG

The concentrate on Global Automotive Aftermarket Part Market has been uncovered by MRInsights.biz for a conjecture time of 2021-2027. The goal of the report is to furnish the purchaser with a game-plan in their separate areas. The report definitely centres around the driving element of the general market and furthermore of each fragment independently. The intrigued customers can expand upon the business systems in explicit regions by utilizing on the contemporary pattern investigation of the company. It also provides crucial strategies adopted by key organizations catering to the Automotive Aftermarket Part market

The examination depends on the development possibilities of the business which considers the worldwide information of notable and base years. The report on Automotive Aftermarket Part market gives a broad and extensive perspective on the item and its applications in the drew in end-client enterprises. It incorporates esteem chain elements and value volume investigation of the items presented

Read More

CARS Closes Acquisition of CreditIQ Automotive Fintech Platform, Enabling Instant Financing for Consumers, Dealers And Lenders

Published: Nov. 9, 2021 at 7:30 AM EST|Updated: 1 hour ago

CHICAGO, Nov. 9, 2021 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, has closed the acquisition of CreditIQ, announced last week. CreditIQ is a cutting-edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying.

(PRNewsfoto/Cars.com Inc.)
(PRNewsfoto/Cars.com Inc.)

Cars.com paid $30 million at the closing on November 5, 2021, which was funded using cash on hand. There may be future payments of up to an additional $50 million in performance-based cash consideration to be earned over the next three years.

“The acquisition of CreditIQ technology facilitates CARS’ entry into the rapidly-growing, multi-billion dollar Auto Finance market, expanding our TAM beyond the $35 billion Auto Advertising and Dealer Technology markets we operate in

Read More