Dealer.com Expected To Stay In Burlington Under New Ownership
Burlington Mayor Miro Weinberger said Monday that he anticipates that Dealer.com will continue to grow in Burlington after parent company Dealertrack’s sale to Cox Automotive. The sale was first reported by VTDigger.
“I was encouraged to hear from Dealertrack co-president Rick Gibbs that he anticipates that, as part of Cox Automotive, the company will continue to invest and grow here in Burlington,” Weinberger said in a statement. “I look forward to our continued work together to create and sustain more great jobs in Burlington’s South End.”
Dealer.com was acquired by Dealertrack in a $1 billion deal in late 2013. Now, Cox Automotive is reportedly paying $4 billion to take over Dealertrack. Cox Automotive is known now as the owner of the Kelley Blue Book and Autotrader.com.