TrueCar in the news.
Light trucks drive U.S. industry to 4.6% April gain
Fiat Chrysler’s 5.8 percent advance from a year-earlier marked the automaker’s 61st consecutive monthly gain. Nissan Group and General Motors were back in the winning column after March sales declines. Ford Motor Co. ended a two-month skid, while Hyundai defied analysts’ forecasts of a drop.
Each of those companies were among the biggest spenders on incentives last month, according to TrueCar.
Automotive News | May 1, 2015
Escalade comes first when large SUV supplies are tight
Along with pickup trucks, these large masters of the highway generate the largest profit margins of the company’s entire product line, and Escalade, which sells on average for more than $80,000, is the biggest profitmaker of them all, according to TrueCar.
Detroit Free Press | May 1, 2015
GM U.S. Sales Top Estimates Amid Strong U.S. Light-Truck Demand
The month’s results may be the best since 2005, said Eric Lyman, vice president of industry insights for Santa Monica, California-based automotive pricing firm TrueCar Inc. With U.S. gasoline prices down by about a third from a year ago, sales of large and luxury sport utility vehicles soared 31 percent in the first quarter, while family sedan sales fell 3 percent, according to researcher Autodata Corp.
Bloomberg Business | May 1, 2015
Ally deal enables Mitsubishi to cut costs for capital, infrastructure
“You’d think there’s no better time to try to run a captive right now because the cost of funds is unbelievably low,” Larry Dominique, executive vice president at car-pricing service TrueCar Inc., told Automotive News.
Yet small automakers still can’t get capital as cheaply as large automakers or banks, he noted, and maintaining a captive lending arm takes hundreds of employees and constant investments in technology. “Banks already have all that infrastructure set up,” Dominique said, “and that gives them a tremendous advantage.”
Automotive News | April 29, 2015
TrueCar Chief — The Future of Car Buying is on your Smartphone
“Because we’re the only company that really is a transactional platform in automobiles, we can now invest millions of dollars in saying what is the future of car buying,” Painter said Wednesday. “We believe it’s going to be on your phone. We believe you’re going to be in control of the transaction.”
TheStreet | April 29, 2015