TrueCar in the news.
Read This Before You Judge March’s New-Vehicle Sales Too Harshly
For the record, TrueCar forecasts a minimal 0.8% decline in overall industry sales, compared to last year’s March. However, some auto investors will quickly remember that last year’s severe winter weather all but froze new-vehicle sales in January and February before that pent-up demand was released, resulting in a very strong March in 2014.
The Motley Fool | March 30, 2015
The Next Big Automotive Boom: Super-Luxury SUVs
TrueCar (TRUE) executive vice president Larry Dominque says that car-based crossover SUVs have become popular precisely because those old compromises have been largely engineered out. Compared to the truck-based SUVs of old, today’s crossovers have much-improved handling, sleeker styling, and better fuel economy, he says — while preserving the traditional SUV advantages of cargo space and all-weather capability.
Daily Finance | March 27, 2015
With Car Dealerships’ Ranks Thinned, the Survivors Thrive
Stewart Easterby, chief operating officer of TrueCar, said that dealers like Mr. Cochran were realizing that they were better off riding the wave of the Internet revolution than trying to fight it.
“You might sell some cars for less, but you’re going to make it up in volume,” Mr. Easterby said. “Both the consumer and the dealer wind up winning.”
The New York Times | March 26, 2015
U.S. auto sales poised for rare monthly decline
“Spring has officially sprung, but much of the country is still pushing away snow piled up at the doorstep,” Eric Lyman, vice president of industry insights for TrueCar, said in a statement. “Given what a strong month last March was, this slight decline in total volume isn’t surprising. We’re bullish on the retail outlook for the second half of the year, and the industry remains on track to reach TrueCar’s 17 million-unit projection for 2015.”
Automotive News | March 26, 2015
Car sales are on a streak we haven’t seen in 50 years
“The industry hasn’t been at the 17 million-unit level since 2005, and considering that the U.S. population has expanded by roughly 9 percent since then, it’s clear we’re in a market with strong natural growth drivers,” said John Krafcik, TrueCar’s president, in a press release. “Even in the economic boom years of the 1990s the industry didn’t achieve six consecutive years of growth.”
Business Insider | March 26, 2015
Economist Innovation Forum to feature startups, disruption, ‘dinosaurs’
A “Can dinosaurs dance?” panel will look to address large organizations’ adversity to major change and discuss whether startups have staying power. That panel will include Exelon’s Sonny Garg, GE FastWorks’ Vivienne Goldstein, TrueCar’s Scott Painter and Environmental Financial Products’ Richard Sandor.
Chicago Tribune | March 25, 2015