Press Releases

Keep up with the latest news directly from TrueCar.

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

TrueCar projects June retail auto sales to expand 7.9% kicking off strong summer-selling season

“The summer sales season is starting with a bang,” said Eric Lyman, TrueCar’s vice president of industry insights. “Consumers are in the market in force and we expect this momentum to continue into July and August, helped by manufacturer summer promotions. New entries to mass and premium small utility segments are driving growth, while Americans’ love for trucks and utilities remains steadfast.”

June 25, 2015

TrueCar finds family sedans lead June savings as automakers seek to boost midsize car sales

Over the last three years June has proven to be the best time to buy a midsize car, with discounts averaging 8.2 percent off MSRP, based on a TrueCar analysis. This year’s drop in average gasoline prices – down 23 percent from a year ago to $2.80 nationwide per gallon as of June 14, according to AAA’s Fuel Gauge Report – has further enhanced the appeal of compact and midsize crossover utility vehicles at the expense of family sedans, triggering higher discounts on midsize cars.

June 15, 2015

U.S. grants TrueCar patents for proprietary data systems and methods

“People know TrueCar as an auto-buying service, but a better way to think of the company is as a massive data platform, hungry for as much relevant data as possible about all aspects of the buying and selling process,” said Mike Swinson, TrueCar’s chief data scientist. “We invest heavily to create sophisticated tools based on cutting-edge, deep-learning techniques that leverage this data to provide the most useful information to aid consumers and dealers with their decisions around the automobile purchase transaction.”

June 8, 2015

TrueCar expects record May on 62% growth in traffic on branded channel

“We’ve entered a very encouraging period of growth and expansion for the TrueCar-branded channel amid the best U.S. market in more than a decade,” said Scott Painter, TrueCar’s chief executive officer and founder. “We know that introducing transparency and efficiency to all aspects of the car-buying process leads to a better experience. It’s gratifying that nearly 11,000 forward-thinking dealers agree and work with us to serve modern consumers in a new way.”

June 5, 2015

Premium car and utility vehicle demand push automaker revenue to record $52 billion in May

Amid the best auto industry and economic fundamentals in a decade, TrueCar estimates the ATP for new light vehicles was $32,452 in May, up 4 percent from a year ago, while average incentive spending per unit shrank by $10 to $2,661.

June 1, 2015

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