AccuTrade Certified by Stellantis Digital as a Trade and Appraisal Solution for its 2,500+ U.S. Retailers

CHICAGO (August 6, 2024) - Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc. "), an audience-driven technology company empowering automotive, today announced that AccuTrade, a Cars Commerce solution, has been certified by Stellantis Digital as a trade and appraisal solution for its 2,500+ U.S. based retailers.

More than half of U.S. car buyers plan to trade-in a vehicle prior to purchase¹. AccuTrade speeds transaction time by equipping everyone in the dealership with turnkey and transparent acquisition solutions that complete an accurate appraisal in under five minutes - from anywhere. In fact, retailers are unlocking new growth for their business by acquiring inventory directly from their service drives. Total service drive appraisal volume for AccuTrade customers has increased 30% in the first half of 2024 compared to the same time period last year.

"We look forward to helping more Chrysler, Dodge, Jeep, Ram and Fiat retailers transform vehicle acquisition into an enhanced profit center," said Doug Miller, president and chief commercial officer of Cars Commerce. "Our customers are facing increased financial pressure and competition, requiring more efficient operations. AccuTrade helps dealers acquire the right vehicles for their market at the right value, and avoid expensive reconditioning costs, ultimately allowing them to offer competitively priced vehicles for their customers and turn inventory faster."

Since 2022, Chrysler, Dodge, Jeep, Ram and Fiat retailers have had access to AccuTrade Core as an on-program baseline solution. Now they will have access to the upgraded AccuTrade Connected product, which offers advanced features and technology including:

• Advanced Vehicle Appraisal Engine: AccuTrade's state-of-the-art appraisal technology allows dealers to identify, find and procure the exact vehicles they want for their lot. AccuTrade's advanced bottom up valuation algorithms use real-time market data, VIN-level details, and comprehensive vehicle history to provide the most accurate trade-in values in the industry. With Cars Commerce's no-risk vehicle divestment options, dealers are protected with a guaranteed alternative if they procure a vehicle that is not retailed.
  
• Direct Access to Consumer Inventory: Instant Cash Offer capabilities provide the 28 million³ in-market consumers on Cars.com instant and transparent cash offers for their exact vehicle. The solution can even value vehicles that others cannot: volatile EVs, rare, exotic, older than 1976, newer than this year, and those that have over 100k+ miles.
  
• Integration on Any Dealer Website: The AccuTrade appraisal engine and Instant Cash Offer capabilities integrate seamlessly with a dealership's existing website solutions. Dealers are able to label the capabilities using their own unique brand, empowering them to better compete without having to build proprietary branded technology. The offering also includes simple marketing tools to help dealers attract more shoppers and extend their reach beyond their website with in-store displays, mailers or online ads with a QR code and deep link campaigns.
  
• Plug-in Appraisal with OBD Scanner: Dealers can generate a VIN-specific valuation with AccuTrade's Onboard Diagnostics tool, a bluetooth enabled hardware extension that can easily be plugged into any vehicle anywhere. The technology enables dealers to obtain vehicle condition data directly from the vehicle's electronic control units to quickly create a tailored and transparent consumer-facing condition report.

Dealer enrollment for AccuTrade Connected began April 1, 2024 with co-op eligibility starting in June 2024. Chrysler, Dodge, Jeep, Ram and Fiat retailers who are interested in learning more about AccuTrade, can reach out to their Cars Commerce sales rep or visit www.carscommerce.inc.

¹ Cars.com Consumer Metrics Report, Q2 2024
² Internal Cars Commerce Data, AccuTrade Service Drive Volume, 1H 2024 YOY
² Internal Cars Commerce Data, Total Unique Visitors to Cars.com, Q1 2024

ABOUTCARS COMMERCE
Cars Commerce (NYSE: CARS) is an audience-driven technology company empowering automotive that simplifies everything about buying and selling cars. The Cars Commerce platform includes the flagship automotive marketplace and dealer reputation site Cars.com, innovative digital marketing technology and services from Dealer Inspire, industry-leading trade-in and appraisal technology from AccuTrade, an exclusive in-market media network, and powerful and predictive AI technologies that enable more efficient and profitable retail operations. Cars Commerce is the essential partner to stay one step ahead in automotive. Learn more at www.carscommerce.inc.

Stellantis North America
Stellantis (NYSE: STLA) is one of the world's leading automakers, aiming to provide clean, safe and affordable freedom of mobility for all. In North America, it's best known for producing and selling vehicles in a portfolio of iconic, innovative and award-winning brands, including Jeep®, Chrysler, Dodge//SRT, Ram, Alfa Romeo and Fiat. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, while creating added value for all stakeholders.