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CarsDirect was founded in 1998 by Scott Painter, launched from the business incubator Idealab. It was the first company to sell vehicles online directly to consumers, rather than referring consumers to brick-and-mortar dealers.
With the advent of the Internet, the process of selling cars has undergone a considerable change. More than 70% of car purchases in the United States start with research on the Internet. It empowers buyers with knowledge of the features of comparable cars and the prices and discounts offered by different dealers within the same geographic area.
In the United States, direct manufacturer auto sales are prohibited in many states by franchise laws requiring that new cars be sold only by independent dealers. Tesla maintains that, to properly explain to their customers the advantages their cars have over "traditional" vehicles with an internal combustion engine, they cannot rely on third ...
WalletPop's Lan Nguyen chats with Scott Painter, founder of CarsDirect.com, Zag.com and TrueCar.com. Painter, who fell in love with cars at 14, has founded 30 companies, half in the automotive ...
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Welcome Joe. We admit it: We love Trader Joe’s. The specialty grocery store has everything from amazing frozen meals to a great selection of inexpensive cheese and organic produce.
September 8, 2011: The plant manufactured its 10,000th car, a white Passat TDI. The number included pre-series cars, technical training cars, dealer experience cars as well as customer cars. November 2011: The Passat is named the 2012 Motor Trend Car of the Year. [46]
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