September 25, 2014 - Industry News
New projections from TrueCar and J.D. Power show the best September car sales in 7 years with over 1.2 million light-vehicles being sold this month, 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 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
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, TrueCar.com
June 26, 2014 - Industry News
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
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
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
John Krafcik, former Hyundai Motor America's president and CEO, has been named president of Web-based dealer network TrueCar.
Tags: Hyundai, TrueCar
April 22, 2014 - Industry News
F&I gross profit per vehicle retailed reached a record $1,407 for the nation’s largest dealer group, but the achievement was overshadowed by the warning executives issued to lead providers.
Tags: AutoNation, lead generation, Mike Jackson, quarterly earnings, TrueCar
April 8, 2014 - Industry News
TrueCar filed a statement this week with the Securities and Exchange Commission for a proposed initial public offering of its common stock.
Tags: initial public offering, IPO, SEC filing, TrueCar
November 19, 2013 - Industry News
California’s Parkway Hyundai delivered the milestone sale for the vehicle pricing and information site. The vehicle was purchased by a military retiree.
Tags: Parkway Hyundai, TrueCar
TrueCar ranked 154th on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Tags: Deloitte, technology, TrueCar
September 10, 2013 - Industry News
TrueCar takes fire for new write-off policy that requires dealers to pay for every TrueCar user who walks through their door and buys a vehicle. The company’s chief executive said the new policy was added to provide clarity, not to punish loyal users of the service.
Tags: Brittany-Marie Swanson, policies, Scott Painter, TrueCar, TrueCar Dealer Council, TrueCar.com
June 6, 2013 - Industry News
With the six new additions, TrueCar’s dealer council now includes 20 members who operate 276 franchises in 19 states.
May 16, 2013 - Industry News
TrueCar hires Mike Dunn as its new chief technology officer. He most recently served as CTO for Hearst Interactive Media, and has held similar positions with Time Warner and Dell Online.
Tags: automotive, chief technology officer, Dell, Internet, Mike Dunn, online, Santa Monica, Scott Painter, technology, TrueCar
April 2, 2013 - Industry News
The average transaction price for light vehicles was $31,087 in March 2013, an increase of $339 over last March. The average incentive for light vehicles was down $44 compared to last year.
Tags: incentives, Light-Vehicle Sales, transaction prices, TrueCar, TrueCar.com
March 12, 2013 - Industry News
TrueCar wins the award in the "Business Intelligence Solution, New Version” category.
Tags: awards, Stevie Award, TrueCar
February 26, 2013 - Industry News
According to TrueCar, February’s SAAR sits at 15.7 million units, the highest SAAR since 2007. Estimated incentive spending is at nearly $2,400 for the month.
Tags: 2013, February, fleet, New-Car Sales, retail, SAAR, TrueCar
January 31, 2013 - Industry News
TrueCar predicts January’s SAAR will reach 15.4 million, the highest reading since 2008. It also predicts that incentive spending will drop to its lowest level since October 2005.
Tags: January, New-Car Sales, sales predictions, TrueCar, TrueCar.com
January 3, 2013 - Industry News
December was an ideal month for manufacturers. Transaction price rose to record levels while incentive spending continued to fall, TrueCar reports.
Tags: manufacturer incentives, New-Vehicle Sales, transaction prices, TrueCar, vehicle sales
December 27, 2012 - Industry News
TrueCar says the industry is on pace to sell more than 1.37 million units this month, which would put the SAAR at 15.6 million units.
Tags: Incentive Spending, New-Vehicle Sales, SAAR, TrueCar, used-car sales
December 11, 2012 - Industry News
November’s SAAR reached its highest level since the start of the Great Recession, and TrueCar predicts even bigger things for December.
Tags: December, Hurricane Sandy, November, SAAR, sales, TrueCar
December 4, 2012 - Industry News
November transaction prices, which rose to their highest level in almost a year, show that budget-minded consumers aren’t skimping on modern conveniences.
Tags: November, SAAR, transaction prices, TrueCar
November 29, 2012 - Industry News
If TrueCar’s November sales prediction holds up, the industry will have realized its highest SAAR reading since February 2008.
Tags: SAAR, social media, TrueCar, TrueCar.com
November 19, 2012 - Industry News
The auto information site debuted a new print and TV ad that highlights 'a transformation of the company’s culture.’ Officials say the company’s makeover is the result of its work with its dealer council.
Tags: advertising, print, Scott Painter, TrueCar, TrueCar Dealer Council, TrueCar.com, TV
November 8, 2012 - Industry News
TrueCar and OpenRoad Lending forge alliance to improve dealer-to-consumer relationship, according to officials.
Tags: Bernie Brenner, Chris Goodman, financing, Internet, OpenRoad Lending, TrueCar
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