TrueCar in the news.
On the IPO On-Ramp
Before he left Wall Street in 1999 to co-found TPG Ventures, Michael Guthrie had participated in many IPOs as an investment banker. Earlier this year he found himself on the other side of the process—as CFO of TrueCar, a car buying and selling platform, which went public in May, raising $70 million.
CFO | September 15, 2014
Why Are Car Buyers Borrowing More?
Indeed, interest rates on car loans dropped from 5.5 percent in 2008 to 4.2 percent currently, while the average loan term increased from 64 months to 68 months over the same period, according to Morgan Hansen, senior analyst with ALG, the analytics arm of TrueCar.
Bankrate | September 15, 2014
Incentives Prop Up Sedan-Heavy Strategies
“Most of the incentive growth we have seen is in product segments with low demand — mid-sized or large sedans,” Krafcik says. “As this trend goes on, the brands with three-sedan strategies are going to be in worse shape on incentive spending than the crossover brands.”
Automotive News | September 13, 2014
Best New Car Deals in September Include Three Redesigned Best-Sellers
True Car released its September list of vehicles offering the best savings on dealer lots. The big news? In August of 2014, it took about 73 days to sell one of the top four midsize sedans — that’s up 56 percent compared to last year. The big-volume Toyota Camry tops the list.
Autoweek | September 12, 2014
The Best Deals On The Longest-Lasting Used Cars
It’s easy to see why: The average transaction price for a new car hit $31,252 last month according to TrueCar.com, which leaves a large number of U.S. households priced out of the new-vehicle market. A prudent, median-income household is able to afford only 54.8 percent of the average new-car cost, according to the latest Auto Buyer’s Affordability Index compiled by Requisite Press.
Forbes | September 11, 2014