TrueCar in the news.
Subaru Hits the Sweet Spot with the 2015 Forester
The Motley Fools story says, analysts at TrueCar report that through the first eight months of 2014, the small and midsize utility market segments have gained 1.8 percentage points of market share in the U.S., while their sedan counterparts have lost 1.4 percentage points. The big shift has benefitted the Subaru brand in a big way.
Torque News | September 16, 2014
TrueCar (TRUE) Renews Partnership With AAA
“We founded TrueCar to help the members of our affinity partners get fair deals on vehicle purchases. Over the course of our relationship with AAA, its members have saved more than $100 million off MSRP through the auto-buying program,” said Scott Painter, founder and CEO of TrueCar.
StreetInsider.com | September 15, 2014
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