Press Releases

Keep up with the latest news directly from TrueCar.

ALG Industry Report: New Commercial Vans are Hauling in Big Cost-of-Ownership Savings

“Escalating fuel prices have placed greater importance on fuel economy for commercial fleet owners,” said Larry Dominique, President of ALG and Executive Vice President of TrueCar. “These three European-style vans feature lighter-weight construction and better fuel-efficiency than their predecessors.  By improving fuel efficiency from an average of 14 mpg from a few years back to nearly 20 mpg today, US Business owners will save hundreds of millions of dollars each year.”

September 18, 2014

Bloomberg Veteran Alan Ohnsman Joining TrueCar as Senior Vice President/Chief Communications Officer

“This young Santa Monica company is building a truly innovative service that harnesses data and technology to reduce car-buying stress and improve the process for dealers and automakers,” Ohnsman said. “The chance to work with its world-caliber team of automotive heavyweights, and TrueCar’s product, tech and dealer teams is a rare and exciting opportunity.”

September 16, 2014

Toyota Camry Tops the List of Best Savings in September, According to TrueCar

“The four top-selling midsize sedans all have savings well above historical norms,” said Scott Painter, Founder and Chief Executive Officer of TrueCar.  “For those consumers who do not necessarily need the functional benefits that higher-demand crossovers provide, these sedans offer compelling value and fuel efficiency

September 12, 2014

TrueCar Reports on Auto Industry Performance: A “Tale of Two Industries” Is Emerging

“This has been – and will continue to be – a great year for the industry,” said Krafcik. “Consumer confidence is high and employment numbers are strong.  As consumers shift from lower-priced, high-discount sedans to higher-profit, higher-demand small and midsize utilities, manufacturers that offer a diverse portfolio of vehicles will continue to reap the rewards of this revenue-expansive cycle.”

September 11, 2014

TrueCar Reports New Vehicle Transaction Prices Continue Growth Trend, Up 2.4 Percent Year- Over-Year in August

“While it has become fashionable to criticize incentive spending levels, the reality is the ratio of incentive spending to transaction price this summer is consistent with the healthy industry levels we’ve seen since 2011,” said John Krafcik, president of TrueCar. “GM is the poster child here, with their industry-leading average transaction price increase of 12.9% comfortably outpacing a modest incentive increase of 3.5%.”

September 3, 2014

TrueCar Forecasts Automotive SAAR to Hit 16.6 Million in August

Incentive Spending as a Percentage of Average Transaction Price Graphic

August 27, 2014

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