We have been building our vehicle recommender and marketplace since June 2018. In 2019 we operated a dealership beta offering free listings and referrals in exchange for product feedback. On December 23rd 2019 we extended the free beta program to May 1st 2020 to allow more audience generation before transitioning to commercial release.
This week we reached out to all our customers and based on their feedback regarding business disruptions we have decided to waive 100% of listing fees indefinitely.
No action is needed as we have disabled billing for all customers that was originally planned for May 1st 2020. We will also continue paying third party inventory data fees on behalf of our customers.
We will monitor the disruption to dealership operations due to the Coronavirus and extend our free listings program to support our customers with zero cost advertising and referrals.
In addition, Driverbase will double our monthly advertising investment to accelerate audience growth.
We are excited to put our recommender based campaigns to work and allow dealers to benefit from lower user acquisition costs while offering drivers a more efficient car search experience. We expect month over month traffic increases to continue despite the reduction in overall car search volumes.
We will be in communication with our dealer advisor council in the months ahead and will not resume charges until we see conditions improve.
As an early stage venture thank you for your continued support.
User generated vehicle ratings track owner satisfaction levels for all popular models
SEATTLE — (BUSINESS WIRE) — Today, Driverbase Inc. announced Vehicle Graph® now includes consumer ratings coverage for all popular models and has progressed from beta to general availability. Every day, people use Driverbase to generate personalized vehicle recommendations by setting their unique preferences and rating a current vehicle. This release increases the influence consumer ratings have on vehicle recommendations and allows drivers to conduct more detailed inventory searches on the marketplace.
“Consumers continue to struggle with and pay for 900+ touchpoints on average per car search using the traditional marketplaces and dealership websites. Driverbase enables car shoppers to harness the power of artificial intelligence to make smarter car purchase decisions,” said Dan Jackson, CEO at Driverbase Inc.
User generated vehicle ratings track owner satisfaction levels
Represents all new & used cars, trucks and SUVs
Actively monitors future releases and model lineup changes from all automotive manufacturers
About Driverbase Inc.
Founded in 2018, Driverbase Inc. is an automotive marketplace that provides drivers with personalized vehicle recommendations and connects them to local dealership inventory. Our mission is to deliver the best car search website experience. Driverbase has compiled vehicle information and implemented artificial intelligence and machine learning techniques to calculate the optimal vehicle recommendations for every driver.