CarGurus Experiences Explosive Growth As Top Online Auto Community
Over 300% Annual Traffic Growth and 250,000 Pieces of User-Submitted Content Since Launch 2 Years Ago.
Cambridge, MA – May 6, 2008 - CarGurus (www.cargurus.com), a leading online automotive community, announced today record growth as it marks its second anniversary. Since the initial beta launch of CarGurus.com in March 2006, the CarGurus network (including www.cargurus.com and its Facebook application Car IQ) has seen 325% annual traffic growth, with more than 700,000 unique monthly visitors in March 2008, making CarGurus.com one of the top 70 automotive web sites in the world.
CarGurus’ active community of auto fans continues each week to contribute new content (user reviews, photos, videos, questions and answers, etc.). With over 250,000 pieces of user-submitted content, CarGurus has become a great resource for auto consumers to get firsthand information from other automobile owners.
Continuing its focus on online automotive communities, CarGurus recently launched an application on Facebook - Car IQ. In its first three months, Car IQ has already grown to include more than 500,000 subscribers and is now one of the most popular automotive applications on Facebook.
"We launched CarGurus two years ago because we saw a real need for an open-architecture online auto community where consumers could freely exchange information and ideas," said Langley Steinert, CEO of CarGurus. "With the explosion of social media over the last two years, the timing has been great, and our site has been a natural fit for this market."
"We have been particularly impressed with the growth of our Facebook presence," remarked Steinert. "As a social network, Facebook is a natural environment for automotive communities like CarGurus. We are excited about the many possibilities this platform represents for our automotive community."
About CarGurus LLC
Located in Harvard Square, Cambridge MA, CarGurus LLC is an online automotive community founded by Langley Steinert, formerly Chairman and co-founder TripAdvisor LLC. CarGurus' founders, board, and investors bring a wealth of experience from such leading web companies as TripAdvisor, eBay, Expedia, and Yahoo. For more information about CarGurus visit us at www.cargurus.com.