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November 24, 2015 - Industry News

TrueCar Replaces Painter With Autotrader's Founding CEO

Starting Dec. 15, Chip Perry, who helped build Autotrader from a one-person startup to a $1.5 billion online marketplace, will take on the task of restoring TrueCar’s relations with dealers after a tumultuous summer.

Tags: Autotrader, Chip Perry, digital marketing, Scott Painter, third-party sites, TrueCar

November 3, 2015 - Industry News

AutoNation Posts $146 Q3 Increase in F&I Per-Copy Average

The group averaged $1,549 in F&I profit per vehicle retailed in the third quarter. Company officials noted that new-vehicle PVRs from self-generated sales, including F&I contributions, were about $800 higher than new-vehicle PVRs from sales generated by third-party lead providers.

Tags: AutoNation, quarterly earnings, third quarter, TrueCar

September 14, 2015 - Industry News

TrueCar President to Lead Google’s Self-Driving Car Initiative

John Krafcik is stepping down this week as president of TrueCar to take on a new role as CEO of the autonomous car division of Google.

Tags: AutoNation, Google, hiring, Hyundai, John Krafcik, Scott Painter, TrueCar

August 13, 2015 - Industry News

FTC Closes Antitrust Case Against Dealers, TrueCar Says

In a regulatory filing this week, TrueCar said it considers a federal antitrust case against dealers to be closed. The FTC was looking into whether dealers refusing to do business with the car-shopping site back in 2011 and 2012 violated the FTC Act.

Tags: antitrust, Brian Maas, California New Car Dealers Association, CNCDA, Federal Trade Commission, FTC, lawsuit, TrueCar

August 6, 2015 - Industry News

TrueCar’s Painter to Step Down

TrueCar CEO Scott Painter has announced that he will vacate his post in the wake of second quarter losses of nearly $15 million.

Tags: AutoNation, quarterly earnings, Scott Painter, TrueCar

August 4, 2015 - Industry News

Firm Suing TrueCar Files Second Mass Action Lawsuit

The firm that filed a mass action lawsuit against TrueCar in March has filed a second suit against the car-shopping site, this time on behalf of current TrueCar subscribers.

Tags: Bellavia Blatt, broker, California New Car Dealers Association, CNCDA, deceptive practices, lawsuit, Leonard Bellavia, TrueCar

July 29, 2015 - Industry News

CFS Appoints VP of Partner Development

Confident Financial Solutions has appointed of Tony Orlando as vice president of partner development.

Tags: hiring, TrueCar

July 21, 2015 - Industry News

Former TrueCar Exec Joins The Appraisal Lane

Former TrueCar executive Ken Potter has joined The Appraisal Lane, a new used-car trade network and communications platform being rolled out to dealers in select markets.

Tags: Ken Potter, new-vehicle leads, The Appraisal Lane, third-party sites, TrueCar, used-vehicle leads

May 21, 2015 - Industry News

TrueCar Denies Claims in CNCDA Lawsuit

The California New Car Dealers Association filed a lawsuit against TrueCar last Wednesday, alleging the that the shopping site is not in compliance with certain sections of the California Vehicle Code — a claim TrueCar has denied.

Tags: Bellavia Blatt, California New Car Dealers Association, CNCDA, lawsuit, TrueCar

May 20, 2015 - Industry News

CNCDA Files Suit Against TrueCar

The California New Car Dealers Association filed a lawsuit Wednesday against TrueCar, alleging that the shopping site is not in compliance with certain sections of the California Vehicle Code.

Tags: California New Car Dealers Association, CNCDA, lawsuit, TrueCar

April 27, 2015 - Industry News

Firm Suing TrueCar Adds to Litigation Team

Bellavia Blatt & Crossett has added Thomas Williams, Esq., to its litigation team prosecuting TrueCar for false advertising.

Tags: Bellavia Blatt, false advertisements, haggle, lawsuit, Leonard Bellavia, TrueCar

April 14, 2015 - Industry News

TrueCar Dealer Enrollment Hits All-Time High

TrueCar added 840 franchise and independent dealers in the first quarter of 2015, the biggest ever volume gain in company history, company officials said.

Tags: internet leads, lead generation, Scott Painter, TrueCar, TrueCar Dealer Council,

March 11, 2015 - Industry News

TrueCar Responds to Claims in Mass Action Lawsuit

The lead provider calls Bellavia Blatt & Crossett’s mass action suit challenging its business practices “meritless.”

Tags: Bellavia Blatt, lawsuit, Leonard Bellavia, TrueCar

March 10, 2015 - Industry News

Mass Action Suit Filed Against TrueCar

The law firm of Bellavia Blatt & Crossett has filed a mass action lawsuit against TrueCar, claiming that the lead provider’s business practices constitute false advertising.

Tags: Bellavia Blatt, lawsuit, Leonard Bellavia, New York, TrueCar

December 11, 2014 - Industry News

Trucks Outselling Premium Brands Over $50,000

TrueCar's projected list of the top selling vehicles with a transaction price over $50,000: Graph via TrueCar.

Pick-up trucks and SUVs account for 6 of the 10 best selling vehicles with transaction prices over $50,000, TrueCar reports

Tags: luxury vehicles, New-Vehicle Sales, trucks, TrueCar

November 18, 2014 - Industry News

Land Rover, Toyota Earn Top Honors in ALG's Residual Value Awards

Land Rover and Toyota earned top honors during ALG's 15th annual Residual Value Awards, which looks at 26 vehicle segments and forecasts which will retain the highest percentage of MSRP value after three years.

Tags: ALG, awards, Land Rover, residual values, Toyota, TrueCar

October 15, 2014 - Industry News

TrueCar Dealers to Dislcose Doc Fees, Accessory Pricing

TrueCar's 9,000 certified dealers have agreed to disclose costs for vehicle accessories and non-governmental doc fees under the firm's new 'No Surprises' initiative.

Tags: certified dealers, online shoppers, TrueCar

September 30, 2014 - Industry News

U.S. News Extends Deal With TrueCar

U.S. News is extending its deal with TrueCar for an additional two years. As part of the new agreement, TrueCar will provide the media outlet's website visitors with access to pre-owned vehicles available through its certified dealer network.

Tags: certified pre-owned vehicles, partnership, TrueCar

September 25, 2014 - Industry News

Industry Could Realize Best September Since 2007, Reports Say

New projections from TrueCar and J.D. Power show the industry heading to its best September sales month since 2007, with sales expected to be as much as 9.7% better than last year.

Tags: J.D. Power and Associates, New-Vehicle Sales, SAAR, September, TrueCar

September 23, 2014 - Industry News

TrueCar Expands Dealer Council

TrueCar adds four new members to its National Dealer Council, a 20-member advisory panel of automotive retailing experts. With the new additions, the council now represents all major automakers.

Tags: TrueCar, TrueCar Dealer Council

August 12, 2014 - Industry News

TrueCar Posts Record Revenue in Q2

For the first time in company history, TrueCar posted revenues exceeding $50 million. The feat was attributed to gains in the firm’s dealer count, market share and transactions.

Tags: Scott Painter, TrueCar,

June 26, 2014 - Industry News

TrueCar Launches Product Incubator

The first application to be developed by TrueCar Labs will be “Sell My Car," a mobile application that enables consumers to get an upfront offer on their current vehicles.

Tags: John Krafcik, mobile applications, TrueCar

June 24, 2014 - Industry News

TrueCar: Car Buyers, Dealers Have “Trust Gap”

Car buyers believe that dealers make about five times more profit on the sale of a new car than they actually do, according to a new study commissioned by TrueCar.

Tags: customer experience, profitability, survey, TrueCar

May 20, 2014 - Industry News

TrueCar Announces Pricing of Initial Public Offering

Last week, TrueCar announced the pricing of its initial public offering of 7,775,000 shares of its common stock at a price to the public of $9 per share.

Tags: initial public offering, IPO, TrueCar

May 1, 2014 - Industry News

Former Hyundai CEO Named President of TrueCar

John Krafcik, former Hyundai Motor America's president and CEO, has been named president of Web-based dealer network TrueCar.

Tags: Hyundai, TrueCar

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