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May 21, 2015 - Industry News

TrueCar Denies Claims in CNCDA Lawsuit

The California New Car Dealers Association filed a lawsuit against TrueCar 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, TrueCar.com

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, TrueCar.com

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

April 22, 2014 - Industry News

AutoNation Sets F&I Record, Puts Lead Providers on Notice

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 Files for IPO

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

TrueCar Reaches 1 Million Vehicle Sales

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

November 19, 2013 - Industry News

TrueCar Ranks Among Fastest Growing Tech Companies

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

New TrueCar Policy Raises Questions

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

TrueCar Dealer Council Adds Six New Members

With the six new additions, TrueCar’s dealer council now includes 20 members who operate 276 franchises in 19 states.

Tags: TrueCar, TrueCar Dealer Council

May 16, 2013 - Industry News

TrueCar Pulls from Hearst Media for New CTO

Mike Dunn

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

TrueCar: Transaction Prices Up 1.1 Percent in March

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

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