Zag Partners with Vast.com to Expand Used Car Platform
10/18/07 – Zag, the Santa Monica-based online auto sales company, has announced that it will partner with San Francisco-based Vast.com, which runs a vertical online auto sales service, to create a new used car search solution. Zag says it is integrating the Vast.com platform to attract used car shoppers with a better experience and convert them to buyers for Zag’s premium dealers.
Zag works with brands and affinity groups, and private labels its Internet research and shopping technology that includes an exclusive nationwide network of auto dealers. It says it currently serves 60 million members, primarily though deals with Capital One, USAA and thirteen AAA clubs across the U.S. The company’s value proposition is that consumers can complete more of the auto-buying transaction online—everything from selection, pricing, searching inventory and accessorizing to financing and insurance.
Founded by Scott Painter, founder and former CEO of CarsDirect.com, Zag’s investors include Global Research Partners, Capital One, Capricorn Investment Group and Anthem Ventures.
Zag – www.zag.com
