CarGurus Used Cars Vs. J.D. Power
J.D. Power has cemented a reputation for professionally accumulating and analyzing data in the best interest of consumers. For the automotive field, verifiable & unbiased information of real-world experiences endured by real vehicle owners is gathered through surveying the market from the third month to the third year of vehicle ownership.
The feedback generated from verified vehicle customers is used to segment the car market by price & size to create car ratings. Eventually, from these ratings, we derive the J.D. Power 100-Point Score (an overall rating per model per year) based on the following categories, weighted as indicated:
- Driving Experience (30%)
- Quality and Reliability (30%)
- Dealership Experience (30%)
- Resale Value (10%)
The 100-Point Score can be converted into four classifications for a high-level summary:
- Among the Best (90-100)
- Above Average (81-90)
- Average (70-80)
- Below Average (0-69)
On top of all that, serving consumers with a fuller understanding of car pricing and value, our J.D. Power Verified Fair Price is a dependable indicator that one is not overpaying for the desired vehicle. Using the purchasing information from over 12 million retail transactions each year, we keep close tabs on the average price and the price range paid by the majority of the people. Dealers who qualify will have the J.D. Power Verified Fair Price badge applied! Seeing that badge grants the assurance that the price is close to the average in that region.
Who CarGurus Is
CarGurus works only inside the automotive industry, and all of its services surround cars and listing vehicles. CarGurus does offer extensive reviews of different cars and some limited advice on how to select one vehicle over another. There is also some preferred pricing and valuation information, and it does assist with automotive research in an useful way.
CarGurus Used Cars
CarGurus is a consumer-minded website that uses customer reviews to rate and rank dealerships. Dealers can also post on the site and provide subscription services and deals to potential customers. The website provides essential information about the listed vehicles, such as accident history, title status, ownership history, features, amenities, and estimated payments.
The algorithm used also serves to find the best businesses and isn't impacted by advertising or other common forms of bias. The best companies show up in search results based on user preferences, and CarGurus also provides detailed assessments of each vehicle offered.
The specifications listed for each car can vary. Still, each one plays a part in the overall evaluation of the vehicle with advanced analytics providing an extensive list of pricing information and other comprehensive details regarding amenities. There is also a lot of information available on negotiation skills and tactics and estimated payments.
CarGurus focuses primarily on the consumer, which makes it easy for individuals to list their vehicles or buy another vehicle from the site. Both the consumer and dealers are allowed to post on the CarGurus website for free, and there are subscription services available to dealerships. If someone buys a vehicle from a seller, there is a fee for that transaction, and CarGurus has formed partnerships with over 40,000 different businesses nationwide.
It is also possible for consumers to get pre-qualified for financing on the CarGurus website before they head to the dealership, which can save time and streamline the process. The site also offers a trade-in calculator that provides instant estimated values for any used car, and this information is helpful when buyers are forming expectations before heading to the dealership.
Consumers can also use the CarGuru website to discover automotive reviews posted by experts in the automotive industry, and there are also resources for finding information about technological advancements, vehicle performance, and how cost-effective specific vehicles are during their lifetime.
The CarGurus site also posts preview articles for models that are soon to hit the market that year or the next, and advanced information about innovations that buyers can look for or expect. Buyers can also ask CarGurus questions on their website, and the answers come from industry experts. These questions cover a range of topics, including maintenance, finding parts, vehicle features, and vehicle reliability.
CarGurus has begun to explore the international market, and listings for vehicles have expanded to Canada, Spain, Germany, the United Kingdom, and Italy. The company went public in October of 2017 with its official IPO, and CarGurus continues to expand its presence worldwide with an ever-growing number of dealer partnerships and buyers in a broader range of locations.