Carsales has introduced a suite of new AI-driven features aimed at streamlining dealer operations and enhancing customer engagement through its AutoGate platform.

NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- New York Global investment firm Marbanc International has entered into a 30-day exclusive due diligence period to acquire automotive research platform Cars.net. Cars.net was launched in 2021 and helps consumers obtain the best prices for new vehicles whilst simultaneously introducing qualified buyers to automotive dealerships across the United States. The proposed acquisition includes the software, database, intellectual property and coveted Cars.net domain name. Marbanc International plans to expand Cars.net globally via joint venture partners in the automotive industry, with a focus in United States, United Kingdom and Australia. The group has already forged relationships with experienced automotive industry professionals who have expressed interest in formalizing commercial arrangements with Cars.net. Industry giant Cars.com, the NYSE-listed automotive company, is widely recognized as owning the world’s most valuable domain name (Cars.com) which in 2016 was valued at US$872 million according to regulatory filings

Carsales has appointed Ben Tyers as its new head of content, as the automotive marketplace shifts its content strategy to focus on consumer-first content and broadening its reach to meet diverse audience needs.