Press Releases

Keep up with the latest news directly from TrueCar.

Subaru, Land Rover earn top overall brand honours in ALG’s 8th annual Canadian Residual Value Awards

ALG’s Canadian Residual Value Awards (RVA) recognize vehicles in 27 segments, ranging from City Car to Full-size Commercial Van, that are forecast to retain the highest percentage of their Manufacturer’s Suggested Retail Price (MSRP) after a four-year period for Mainstream brands and three-year period for Premium brands.

February 10, 2016

Automakers achieve record $38 billion revenue in January despite slower showroom traffic

“A number of automakers, notably General Motors and Nissan, hit the ground running in 2016, with revenue gains over last January,” said Eric Lyman, TrueCar’s vice president of industry insights. “We expect higher-margin utilities to stay in high demand with consumers, fueling record industry revenue this year of over $610 billion.”

February 2, 2016

Winter Storm Jonas flattens U.S. auto sales in January

“Jonas curtailed business for many dealerships on the East Coast, but January is typically one of the slowest months for the industry, especially following holiday and year-end sales events,” said Eric Lyman, TrueCar’s vice president of industry insights. “Severe winter weather isn’t ideal for car shopping, but we see signs of strength heading into 2016 and expect consumers to buy a record 18 million new vehicles this year.”

January 26, 2016

TrueCar to Announce Fourth Quarter and Full Year 2015 Financial Results on February 18

TrueCar, Inc. (NASDAQ: TRUE) will report its financial results for the fourth quarter and full year ended December 31, 2015, on Thursday, February 18, 2016, following the close of market.

January 25, 2016

Winter selling season brings savings on all-wheel drive vehicles in January

“Consumers looking for a vehicle ideal for winter driving should take advantage of savings on four-wheel drive vehicles this month,” said Eric Lyman, TrueCar’s vice president of industry insights. “When driving in harsher climates or going off road, all-wheel drive vehicles provide added security. For Subaru, AWD is standard on all models as a strategy to give customers added peace of mind.”

January 20, 2016

Huge year-end auto sales close generates record $58 billion revenue in December

“Average transaction prices topped $34,000 for the first time ever last month,” said Stacey Doyle, TrueCar’s senior industry analyst. “A rich mix of luxury vehicles and full-size pickup helped fuel this increase. We expect average transaction prices in 2016 to rise at a similar pace, around 2 percent.”

January 5, 2016

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