Press Releases

Keep up with the latest news directly from TrueCar.

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

TrueCar and AOL Partner to Reach 12 Million Monthly Unique Visitors By Powering Autoblog’s ‘Smart Buy’ Program

“With nearly 12 million visitors per month, AOL’s Autoblog is one of the most viewed automotive websites in the world and a source I refer to on a daily basis,” said John Krafcik, president of TrueCar. “By selecting TrueCar’s platform to power the Smart Buy program, AOL is providing savvy car enthusiasts with a great tool to ensure their next car purchases are delightful and hassle-free.”

October 9, 2014

TrueCar Reports Positive Indicators on Industry Health

“The industry is operating within healthy post-recession levels,” said Larry Dominique, president of ALG and executive vice president of TrueCar. “The ratio of incentive spending to average transaction price is lower month over month. We’ll be watching incentive levels for unhealthy behavior as brands looks to steal some year-end market share.”

October 1, 2014

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