TrueCar in the news.
In New York and LA, New Startup Communities Flourish
The density of the population in New York allows it to be the home to social/location-based companies like Foursquare and PlaceIQ as well as building/space startups such as WeWork,BoxBee, and MakeSpace. Because LA is more spread out, and everybody owns a car, companies like TRUECar and Cargomatic have been able to thrive.
TechCrunch | June 8, 2015
Subaru sells out: Will a fast growing carmaker decide to stay small?
Krafcik at TrueCar says the company could easily sell at least another 300,000 cars a year, based on how many people are searching for Subaru online. “Most automakers would have moved sooner,” he says. “To me, it looks like they’re OK with having this capacity constraint.”
Bloomberg Business | June 8, 2015
BMW’s Record May Trims Gap With Mercedes for U.S. Luxury Crown
“The expansion down-market has revolutionized the access to luxury brands,” Eric Lyman, a TrueCar Inc. analyst, said in an interview. “And with the aggressive lease deals, you can get into a luxury brand for less than you’ve ever been able to.”
Bloomberg Businessweek | June 2, 2015
May US auto sales likely to beat forecasts
Analysts had forecast that lower sales to rental car companies and other fleets would drag down sales. But car buying site TrueCar.com said sales to individual buyers jumped 7 percent over Memorial Day weekend, thanks in part to promotions like zero-percent financing on the new Hyundai Sonata sedan.
The Associated Press | June 2, 2015
Spending on New Cars Hits All-Time High, Even as Loans Stretch to Record Lengths
“New vehicle sector and segment preference indicates consumers are confident about the economy and their finances,” said TrueCar President John Krafcik. “Not only are these shifts to premium brands and utilities telling from an economic indicator standpoint, they signal sizable revenue gains automakers should reap this year.”
The Detroit Bureau | June 2, 2015
Ford F-150 output pinched by frame shortage, workers say
TrueCar last week said demand for the F-150 has compelled Chevrolet, GMC and Ram to increase discounts on their trucks in an attempt to keep Ford from stealing market share. Average transaction prices for the F-series have risen about $3,200 from a year ago, to $42,500, TrueCar said.
Automotive News | May 29, 2015