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.
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.
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.
John Krafcik, former Hyundai Motor America's president and CEO, has been named president of Web-based dealer network TrueCar.
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.
TrueCar filed a statement this week with the Securities and Exchange Commission for a proposed initial public offering of its common stock.
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.
California’s Parkway Hyundai delivered the milestone sale for the vehicle pricing and information site. The vehicle was purchased by a military retiree.
‘Da Man’ finds himself blindsided by an FTC investigation long after mending fences with TrueCar and its founder.
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.
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