Valuation on site vs what state says car is worth

Asked by Aug 16, 2016 at 08:49 AM about the 2012 Hyundai Genesis 3.8L

Question type: Shopping & Pricing

I checked with the state of GA what the value of a car is for ad valorem and it 3500 less then what your sites states for the same car (using VIN) what would the difference be?

1 Answer

12,625

The answer is simple: CarGurus helps dealers sell cars. Because of the unique way that CarGurus ordinates its search results, 95% of the leads sent from CarGurus to dealers each month are for inventory that has been validated by CarGurus as a Great, Good or Fair deal. As a result, these leads convert to sold vehicles at rates far above the industry average. Consumers going to dealers from CarGurus do so with 3rd-party validation that the car in question is a Fair to Great deal. No other listings site on the web generates lead inquiries with this built-in pricing validation." MORE INFO.. "At issue is the way CarGurus lists the prices of used vehicles on its website, including projected savings below market value and price drops. “… A savings claim or discount offer is prohibited except to advertise a new motor vehicle,” the DMV’s letter, obtained by F&I and Showroom, read, in part. “No person may advertise a savings claim or discount offer on used motor vehicles.” The Texas DMV Enforcement Division says that unless CarGurus removes the “offending advertisements” within 30 days, it will take action against dealerships with inventory listed on the site to the tune of $10,000 in administrative penalties each day a violation occurs, as well as other disciplinary actions."

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