AutoWeb brings used-car acquisition platform to 2nd market
AutoWeb has taken its CarZeus used-vehicle acquisition platform to a second market: Austin, Texas.
CarZeus buys cars directly from consumers and resells them in the wholesale market. Its first market was San Antonio. AutoWeb purchased CarZeus from founder Phil Kandera and McCombs Family Partners this summer.
“We are excited to expand our vehicle acquisition service into the Austin market and continue our efforts to scale and enhance this exciting offering. This will allow us to cater to the needs of consumers in a second community in Texas,” AutoWeb president and chief executive officer Jared Rowe said in a news release.
“The acquisition of CarZeus represents another step in our transformation from automotive digital media provider to transactionally-focused matchmaker. What we do best is identify consumers’ preferences and then match them with a service provider that can best accommodate their specific needs during the complex and multi-choice transaction of purchasing and disposing of vehicles,” Rowe said.
“CarZeus is already benefitting from AutoWeb’s highly efficient and scalable ability to engage and curate an audience of vehicle disposal intenders, and we intend to build upon this momentum.”
In addition to Austin, AutoWeb has plans to expand CarZeus to more markets.