carsales.com, an online marketplace, has purchased Trader Interactive.
Trader Interactive connects over 13 million consumers monthly to over 9,500 dealers while improving their profitability.
“I’ve worked with the carsales leadership team over the last 12 months and have been extremely impressed. We can see how compatible we are from a culture and strategy perspective,” said Lori Stacy, Trader Interactive’s CEO. “The backing of carsales, along with their domain expertise from their worldwide marketplace portfolio, will enable us to accelerate innovation across all of our verticals while refining and improving both the buying and selling experiences for our consumers and dealers alike.”