About CarSense
CarSense is a company based in Chester Springs (United States) founded in 1997 was acquired by Penske Automotive in December 2016.. CarSense offers products and services including Vehicle Sales, Financing Services, Trade-in Program, and Maintenance Services. CarSense operates in a competitive market with competitors including Carvana, CarGurus, CarLotz, Vroom and Copart, among others.
- Headquarter Chester Springs, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Penske Automotive
(Dec 01, 2016)
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Products & Services of CarSense
CarSense offers a comprehensive portfolio of products and services, including Vehicle Sales, Financing Services, Trade-in Program, and Maintenance Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for buying used cars with no-haggle pricing
Assists with vehicle financing from various lenders
Facilitates trading or selling vehicles for fair value
Offers servicing for all vehicle makes and models
Funding Insights of CarSense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CarSense
CarSense has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Penske Automotive. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial vehicles and parts are dealt by Penske Automotive.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CarSense
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CarSense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carsense Comparisons
Competitors of CarSense
CarSense operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carvana, CarGurus, CarLotz, Vroom and Copart, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| domain | founded_year | HQ Location |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Used cars are purchased and resold online through Vroom's platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Online listing platform for used cars
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carsense
Frequently Asked Questions about CarSense
When was CarSense founded?
CarSense was founded in 1997.
Where is CarSense located?
CarSense is headquartered in Chester Springs, United States. It is registered at Chester Springs, Pennsylvania, United States.
Who is the current CEO of CarSense?
Gene Niconovich is the current CEO of CarSense.
What does CarSense do?
CarSense was founded in 1997 and is headquartered in Chester Springs, United States. An online platform is operated to facilitate the buying and selling of used cars within the automotive sector. Transactions between buyers and sellers are supported through digital listings and connections. The company is led by President and CEO Gene Niconovich, with operations centered on the used vehicle market.
Who are the top competitors of CarSense?
What products or services does CarSense offer?
CarSense offers Vehicle Sales, Financing Services, Trade-in Program, and Maintenance Services.
Who are CarSense's investors?
CarSense has 1 investor. Key investors include Penske Automotive.