TrueCar in the news.
TrueCar Auto-Buying Website Raises $70 Million in U.S. IPO
About 3.2 percent of new vehicle sales in the U.S. were handled by TrueCar in the first quarter, the company estimates. TrueCar’s revenue, which jumped 75 percent in the three months through March, comes from fees paid by dealers participating in its network, according to the filing. The company remains unprofitable, the filing shows.
BLOOMBERG | May 15, 2014