Carzing
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| Private | |
| ISIN | 🆔 |
| Industry | E-commerce/car dealer |
| Founded 📆 | December 2015: 7 years ago |
| Founders 👔 | Brett Hankey Jay Kamdar Don Hankey |
| Headquarters 🏙️ | , , U.S. |
Area served 🗺️ | United States |
| Products 📟 | Car dealership |
| Members | |
Number of employees | |
| 🌐 Website | carzing |
| 📇 Address | |
| 📞 telephone | |
Carzing, formerly operating as Car Harmony,[1] is an American privately owned online car-buying marketplace based in Los Angeles. Carzing is best known for specializing in providing prequalified lending results for online car shoppers and providing consumers with the ability to instantly pre-qualify for auto financing.[2][3]
History[edit]
Carzing was initially founded as Car Harmony in December 2015.[4][5][6] In January 2017, it was rebranded into CarZing. The company was founded by President/Vice Chairman Brett Hankey, NowCom President & CTO/CSA of Hankey Group Jay Kamdar to build a premium online car shopping experience for customers and dealerships.[7][8]
Business model[edit]
Carzing operates as an online-only car dealer that offers consumers more transparency and insight into their purchasing options and empowers them to take control of their financing. Clients can structure a deal using down payment, term and monthly payment to find a car that aligns with their situation.[9]
As of 2020, CarZing has over 3 million new and used vehicles listed and has a network of over 30,000 dealerships on the site. From 2016-2020, CarZing's monthly prequalified shoppers has increased from a few hundred a month to over 30,000 per month.
Alliances and partnerships[edit]
In February 2020, American based Irish-domiciled multinational consumer credit reporting company Experian announced a strategic partnership with Carzing.[10] As part of the partnership, dealerships with AutoCheck subscriptions can now list their inventory on the company's website for no additional fees.[11][12] CarZing's partnerships include Westlake Financial, Experian, Credit Karma, Autolist, iSeeCars, CarGurus, TrueCar, and DealerCenter.[13][14][15]
References[edit]
- ↑ autofinancenews. "Car Harmony Mulls Prime Lender Partnerships".
- ↑ "Westlake Financial enters Canadian market". Auto Finance News. 2019-09-05. Retrieved 2020-12-01.
- ↑ "Experian announces exclusive alliance with CarZing to make AutoCheck vehicle history reports available on their website". finance.yahoo.com. Retrieved 2020-12-01.
- ↑ "Car Harmony to Expand Used-Car Offerings". Auto Finance News. 2016-07-26. Retrieved 2020-12-04.
- ↑ "bizjournals". www.bizjournals.com. Retrieved 2020-12-04.
- ↑ "Car Harmony Debuts New Online Used Car Shopping Service - socaltech.com". www.socaltech.com. Retrieved 2020-12-04.
- ↑ "Westlake Financial Strikes Canadian Partnership | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2020-12-02.
- ↑ "Westlake Financial Services and Nowcom Corporation Enter into a Strategic Partnership with Axis Auto Finance". www.businesswire.com. 4 September 2019. Retrieved 18 April 2023.
- ↑ "Axis Auto Finance Enters Into a Strategic Partnership With Westlake Financial Services and Nowcom Corporation". www.newswire.ca. Retrieved 2020-12-02.
- ↑ Remarketing Staff, Auto. "Experian forms exclusive alliance with CarZing to showcase vehicle history reports". Auto Remarketing. Retrieved 18 April 2023.
- ↑ "Experian forms exclusive alliance with CarZing to showcase vehicle history reports". Auto Remarketing. 2020-02-19. Retrieved 2020-12-01.
- ↑ "Experian Forms Exclusive Alliance with CarZing to Showcase Vehicle History Report | BIIA.com | Business Information Industry Association". www.biia.com. Retrieved 2020-12-01.
- ↑ Von Busch, Kirsten (1 November 2021). "Are You Leveraging Your AutoCheck Subscription for Online Listings?". Experian Insights. Retrieved 18 April 2023.
- ↑ "Westlake Financial and Nowcom Corporation Enter Into a Strategic Partnership With Source One Financial Corp". finance.yahoo.com. Retrieved 2020-12-02.
- ↑ "Axis Announces Closing of Private Placement with Westlake Financial Services and Nowcom Corporation". m.canadianinsider.com. Retrieved 2020-12-02.
External links[edit]
This article "CarZing" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:CarZing. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
