Press Releases

Keep up with the latest news directly from TrueCar.

August SAAR increase to 17.4 million, with full Labor Day sales impact pushed into September

“Despite the tough comparison with last August, robust demand for crossovers and pickup trucks continues this month and the industry is right on plan to hit our revised 17.2 million-unit projection for 2015,” said Eric Lyman, TrueCar’s vice president of industry insights. “Last August was a very strong month, with a built-in sales bump from Labor Day. With the Labor Day delay, we anticipate a lot of buying activity in September.”

August 26, 2015

TrueCar finds August is best time for minivan deals

“Minivans have been overlooked as a result of the rise of the crossover, but they’re phenomenally useful,” said Eric Lyman, TrueCar’s vice president of industry insights. “Nothing comes close in terms of practicality, and much progress has been made in styling for the minivan segment as a whole.

Consumers, especially those with families, shouldn’t dismiss these dependable vehicles, particularly given the generous savings this month.”

August 17, 2015

TrueCar raises 2015 U.S. new vehicle forecast to 17.2 million units

“At the current pace automakers should bring in a record $560 billion in revenue this year,” Krafcik said. “The impressive revenue gains were a by-product of a rich mix of high-margin vehicles, resulting from increasing sales of premium brands, pickups and crossovers, against a backdrop of restrained incentive spending.”

August 10, 2015

TrueCar Reports Second Quarter 2015 Financial Results

“We have reset our guidance and the team is working diligently to drive operational improvements that will yield both revenue growth and, more importantly, a return to expanding Adjusted EBITDA margins,” Mr. Guthrie said.

August 6, 2015

Automaker revenue to reach record $47 billion in July

“Right now the industry is genuinely vibrant benefiting from robust consumer demand that is enabling automakers to pull back incentive spending,” said TrueCar President John Krafcik. “Consumers are feeling more affluent, and with more disposable income to invest back into the economy, the auto sector is thriving. These factors create an ecosystem that’s poised to deliver record high revenues.”

August 3, 2015

TrueCar and Sonic reach settlement in trademark dispute

TrueCar CEO Scott Painter confirmed resolution of the dispute with Sonic: “Protecting our valuable intellectual property is of paramount importance to our business, so we are pleased to resolve this litigation. Sonic has been a valuable business partner in the past and we look forward to re-establishing a mutually beneficial business relationship with them in the future.”

July 29, 2015

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