CarSavers Best-in-Class Technology is Changing The Way The World Buys and Sells Cars
CarSaver is the #1 rated eCommerce marketplace and FinTech platform for OEMs, dealers, and lenders. CarSaver's end-to-end digital retail platform automates the entire online auto buying process, from first click to home delivery, and is the first and only enterprise platform that gives consumers the ability to buy, finance, lease, insure, and sell all the top brands of new and used vehicles entirely online.
In addition to building a top-rated auto eCommerce marketplace and FinTech platform technology, CarSaver also powers eCommerce and digital auto retail for some of the biggest brands in the world, including Nissan (Buy@Home), Walmart (Employee Vehicle Purchase Program), and has strategic partnerships with TruStage (formerly CUNA Mutual Group), Shop.com, iHeartMedia, and more.
“Our commitment to building enterprise eCommerce technology that provides exceptional digital auto buying experiences that benefit both the consumer and our partners is the key to our success. Our technology is truly changing the way the world buys and sells cars.” - Chad Collier, CarSaver CEO and Founder
In a world where consumer expectations have shifted because of seamless retail experiences delivered by Amazon, Apple, Uber, and others, CarSaver understands the need for a frictionless car-buying experience. By providing transparent pricing, a convenient online purchasing process, and home delivery, the company eliminates traditional hassles, saving consumers time and effort.
CarSaver was recently recognized for the second year in a row in 2022 as an Inc. 5000 Honoree, placing No. 1,633 with an impressive 385% 3-year growth. In 2021, CarSaver was named an Automotive News PACE Award winner— the prestigious award honors automotive suppliers for superior innovation and technological advancement. CarSaver was recognized for launching the first end-to-end, 100% online car buying platform for new, used, and certified pre-owned (CPO) vehicles, and its work with Nissan to power the Nissan@Home experience.
Last November, Coral Springs Nissan was declared the automaker's #1 largest-volume dealership worldwide under Executive Manager William Cafarella, who credited his success, in large part, to Nissan Buy@Home and the CarSaver Vehicle Upgrade Program.
“It’s a game changer. Customers love it because they can go to their own bank, get a lifetime warranty for security, and use the latest technology where they can buy a car with no-nonsense and in some cases, without stepping foot in a dealership.” Cafarella emphasized, “If we’re not on top of technology and systems like this, then we won’t be #1 anymore.”
Over the last year, CarSaver has formed critical partnerships with TruStage (formerly CUNA Mutual Group), EECU (a $3.6 billion credit union institution with 16 financial centers across Dallas/Fort Worth), and Teachers Federal Credit Union (one of the largest credit unions in the United States with $8.8 billion in assets and more than 420,000 members) to launch the industry's first online marketplace and fintech e-commerce platform built for credit unions.
"The auto finance industry is going through a digital transformation, and it's important for credit unions to lead in this space," said Bob Trunzo, former President and CEO of TruStage, since retired in 2023. "CUNA Mutual's (now TruStage) commitment to driving digital innovation that enables seamless customer experiences has never been stronger. CarSaver’s technology is revolutionary, and their leadership team has deep industry experience and a track record of success.”
CarSaver's Automated Upgrades also help customers avoid costly repairs by upgrading their vehicles before major issues arise. CarSaver's proprietary platform identifies the credit union's auto loan members who qualify for an upgrade and then links them to a personalized portal where they can explore their upgrade options. With a click of a button, members can complete the entire transaction online and have the car delivered to their home or picked up at a local certified dealer.
According to the Credit Union National Association's Monthly Credit Union Estimates report, credit union members account for $407 billion in outstanding auto loans. An estimated 13.6 million credit union members qualify for an upgrade, representing the potential to generate $476 billion in vehicle sales and new loan originations.
CarSaver’s award-winning technology is setting a much-needed precedent of change in an archaic and dated industry, positively impacting the entire auto and auto finance space, from OEMs, dealers, lenders, and the consumers the industry serves. CarSaver is changing the way the world thinks about how the auto buying and selling industry should and will function in the future, and builds and delivers technology to the marketplace that facilitates this much-needed change.
Nomination Title: CarSaver
