SunTrust Partners With TrueCar
A week after adding a former dealer association exec to its management team, TrueCar announced that it has forged a relationship with SunTrust Bank to provide the bank’s customers with direct access to its auto buying service.
SANTA MONICA, Calif. — A week after adding a former dealer association exec to its management team, TrueCar announced that it has forged a relationship with SunTrust Bank to provide the bank’s customers with direct access to its auto buying service.
The SunTrust Auto Buying Service will be located at www.suntrust.com/autobuyingservice. It will be made available to the bank’s existing customers.
"SunTrust prides itself on providing our clients with easy access to the best financial products and services available," said Jeff Hooper, head of consumer lending at SunTrust. "This partnership with TrueCar is a natural extension of our commitment by providing an easier auto buying experience along with SunTrust's attractive auto financing options."
On Monday, TrueCar issued a press release announcing the addition of Pat Watson to its management team. The former executive vice president and CEO of the South Carolina Automobile Dealers Association will oversee all relationships with dealer association at the national, state and metro level.
“I have an immense amount of respect and admiration for the team at TrueCar and the innovative service they have built to benefit dealers and consumers alike,” Watson said. “I look forward to working with ATAEs (Automotive Trade Association Executives) across the country in an effort to create relationships that will further advance the understanding and value of TrueCar’s service and vision.”
Watson’s appointment comes after TrueCar’s business model came under fire from state dealer associations, state regulators, dealers and a group of dealer advocates led by the magazine’s columnist Jim Ziegler. “TrueCar is committed to partnering with and serving dealers. Having Pat join our team is symbolic and extremely meaningful,” said Scott Painter, founder and CEO of TrueCar. “His is a true advocate for dealers and will help TrueCar stay focused on making sure that our dealer partners’ needs are met.”
As for the company’s new relationship with SunTrust, Bernie Brenner, chief strategy office for TrueCar, said: “SunTrust is one of the most respected companies in financial services. This partnership expands the range of services for their clients. We look forward to helping their clients enjoy a hassle-free car buying experience."
More Digital

Zurich Launches Advisor IQ for F&I Manager Coaching
The new platform uses real transaction data and artificial intelligence-driven insights to help car dealerships improve consistency and performance.
Read More →
F&I in the Digital Age
Digital retailing has not made the F&I manager obsolete. If anything, it has revealed how valuable the role can become when technology is used correctly.
Read More →
Need for Speed: EV Apps Lack Consistency
Fifty-five percent of surveyed EV owners said their mobile applications had a major or moderate impact on their purchasing decisions, but connectivity issues remain a problem.
Read More →
Four Keys to Your Digital Trail Defense
Federal regulators are cracking down on hidden fees. This protective measure could mean the difference between winning and losing a lawsuit or surviving a duel with the Dark Side.
Read More →
Hyundai Hosts Tech Talent Forum
Technology leaders from Hyundai Motor Group will have open discussions at the inaugural HMG Tech Talent Forum on topics ranging from autonomous driving to 'smart' manufacturing.
Read More →
Dealers Seek Actionable AI
Dealers are facing growing frustrations with current generic artificial intelligence tools, according to a survey by Lotlinx, which found they want a solution that understands their inventories.
Read More →
Reahard & Associates Forges New Integration
The firm's F&I Insight tie-up with The Impact Group’s ImpactMenu platform is designed to enhance finance-and-insurance transaction recording for auto dealerships.
Read More →
Registration Open for Reynolds Amplify Retail Summit
Advancements with Reynolds' AI Agent, Rey, will take center stage this August at the Park Hyatt Aviara in Carlsbad, Calif., near San Diego.
Read More →
Automotive Training Academy by Assurant Grows Offering
A new Atlanta location on Reynolds and Reynolds' docuPAD e-contracting system is designed to broaden access for auto professionals.
Read More →
Assurant Debuts Virtual Solution for Dealers' Staffing Challenges
Company says on-demand access to F&I specialists is shown to boost dealership efficiency and profitability.
Read More →