Press Releases

Keep up with the latest news directly from TrueCar.

Gas Prices Fail to Sustain Hybrid Demand As Consumers Energize Full-Size Pickup Sales

“If you were to turn back the clock seven years, Prius was at the height of its game” said John Krafcik, president of TrueCar. “Demand was high, inventory was limited, and incentives were practically non-existent. Fast-forward to this year: Hybrid popularity is waning, and the country’s love of the full-size pickup truck is remarkable.’’

October 24, 2014

TrueCar Forecasts Strong Sales in October; Up 5.9% Compared to Last Year

“Fiat Chrysler’s growth, fueled by Jeep and Ram, has set up a dogfight this month, with FCA, Ford and Toyota battling for second place behind GM in total volume,” said John Krafcik, president of TrueCar. “Industry-wide, we’re looking at the strongest October since 2004, with incentive spending at healthy levels, and on-track to finish the year at 16.4 million units.”

October 23, 2014

TrueCar Mobile Car-Buying App Surpasses 1 Million Downloads

“We are seeing a tectonic shift from the old ‘shop online, buy-offline’ model to a future where consumers shop and buy seamlessly on their mobile devices,” said Scott Painter, founder and CEO of TrueCar. “This has to be one of the most aggressive technology mass-adoption curves in history.’’

October 17, 2014

TrueCar Announces “No Surprises” Initiative for Upfront Pricing Information on New Vehicles

“We here at TrueCar believe that truth and transparency are a more profitable way of doing business, and those ideals served as the impetus behind our decision to implement the No Surprises initiative,” said Scott Painter, founder and CEO of TrueCar.

October 15, 2014

TrueCar Certified Dealer Network Tops 1.5 Million Total Auto Sales, Over 500,000 Since November 2013

“The speed at which we’re growing validates our corporate blueprint to provide price confidence by allowing users to identify a fair price on a car and helping dealers build their brands by reducing friction in the buying process,” said John Krafcik, president of TrueCar.

October 14, 2014

GMC Sierra Tops the List of Best Savings in October, According to TrueCar

“The four best-selling full-size pickup trucks represent about 11% of the light vehicle market, but a much larger share of industry profitability,” said John Krafcik, president of TrueCar. “Still, their high MSRPs allow manufacturers substantial discounting margin, and we’re really seeing that now with 20% discounts available on many outgoing 2014 model year trucks. GM, Fiat-Chrysler and Toyota are all working hard to steal the thunder from Ford’s all-new aluminum-body 2015 Ford F-150, and consumers are going to reap that benefit.”

October 13, 2014

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