Press Releases

Keep up with the latest news directly from TrueCar.

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

TrueCar projects July retail auto sales to expand 4.2% amid resilient consumer demand

“With strong retail demand from consumers, July is a solid start to the second half of 2015 and the industry is on target to hit TrueCar’s annual 17.1 million-unit projection,” said Eric Lyman, TrueCar’s vice president of industry insights. “This summer, consumers continue to be confident in the U.S. economy, a trend made particularly evident by their penchant for premium brands. That segment’s growth has outpaced mass-market brands this year, and this month, most notably, Acura and Lincoln should see double-digit growth.”

July 28, 2015

Technology veteran Don Robertson joins TrueCar

“I’m excited about TrueCar’s potential and the opportunity to help the company get to the next level in terms of talent,” Robertson said. “We’re going to be scaling up in all areas and my focus will be on making sure everything is in place to make TrueCar a top destination for quality tech talent.”

July 15, 2015

TrueCar finds July is ideal month for premium sports car deals amid summer selling season

“Summer is the perfect time to cruise in a convertible, and it turns out that July is also the best time to buy one,” said Eric Lyman, TrueCar’s vice president of industry insights. “Detailed analysis of real-time market data allows TrueCar to identify the optimal month to buy for every type of consumer, from those in the market for subcompacts all the way up to exotic luxury cars.”

July 14, 2015

TrueCar concludes partnership with AutoNation

“We have an unwavering and long-term focus on a transparent car-buying experience,” said Scott Painter, TrueCar’s chief executive officer and founder. “We’re grateful for the years of cooperation we’ve enjoyed with AutoNation, but could not make an exception for them.”

July 9, 2015

TrueCar announces its users have bought over 2 million vehicles from TrueCar Certified Dealers

“It took eight years to hit the 1 million sales mark, and 19 months for the second million,” said Scott Painter, TrueCar’s founder and chief executive officer. “We’re thrilled that modern consumers are responding to transparency in vehicle pricing and a better car-buying experience — delivered by our nearly 11,000 franchise and independent Certified Dealers, the best in the industry.”

June 29, 2015

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