TrueCar in the news.
May Sales to Get Lift From Retail Demand, Holiday Deals, Extra Weekend
“The industry is back to the level we expected at the beginning of the year,” he said. “Chrysler, GM and Nissan are all benefitting from increased demand. They are able to pull back on incentive spending.”
AUTOMOTIVE NEWS | May 23, 2014
GM Sales Appear Resilient Amid Recalls, Dealers Optimistic
Toyota’s recall of more than 9 million vehicles in 2009 and 2010, partly related to unintended acceleration, led to a dip in sales and resale prices for the brand, said Larry Dominique, executive vice president at industry researcher TrueCar.com. But it dissipated when negative headlines about the recalls faded, he argued.
REUTERS | May 23, 2014
Q&A: CEO Scott Painter on TrueCar’s $70 million IPO
Never heard of TrueCar? Founder and CEO Scott Painter wants to change that. Celebrating its 10th anniversary later this year, the Santa Monica car-buying platform reveals to users how much other consumers in their area have paid recently for the cars they’re interested in purchasing.
L.A. BIZ | May 22, 2014
For Automakers, Internet-Connected Cars Are A Balancing Act
Typically the development cycle for a vehicle has been four or five years, Lyman says. “So trying to implement the technology that people are used to and plan for that three to five years out in advance is almost an impossible task for the automakers.”
NPR | May 21, 2014
Newly Public TrueCar Tests Trade-In Program
With a strong balance sheet and $70 million raised in last week’s initial public offering, TrueCar has cash to develop new products, including an online vehicle trade-in service being tested by USAA members, new TrueCar President John Krafcik said.
AUTOMOTIVE NEWS | May 19, 2014