U.S. News is extending its deal with TrueCar for an additional two years. As part of the new agreement, TrueCar will provide the media outlet's website visitors with access to pre-owned vehicles available through its certified dealer network.
New projections from TrueCar and J.D. Power show the industry heading to its best September sales month since 2007, with sales expected to be as much as 9.7% better than last year.
TrueCar adds four new members to its National Dealer Council, a 20-member advisory panel of automotive retailing experts. With the new additions, the council now represents all major automakers.
For the first time in company history, TrueCar posted revenues exceeding $50 million. The feat was attributed to gains in the firm’s dealer count, market share and transactions.
The first application to be developed by TrueCar Labs will be “Sell My Car," a mobile application that enables consumers to get an upfront offer on their current vehicles.
Auto Dealer TV's Jennifer Nebrich reports on a new study that reveals the gap between what consumers believe dealers make on new-car sales and the NADA's figures. Also this week, dealership buy/sell activity is on the rise, while Tesla makes gains in New York and New Jersey.
Car buyers believe that dealers make about five times more profit on the sale of a new car than they actually do, according to a new study commissioned by TrueCar.
Car buyers believe Honda and Mercedes-Benz deliver the highest quality vehicles, according to a report from ALG.
Last week, TrueCar announced the pricing of its initial public offering of 7,775,000 shares of its common stock at a price to the public of $9 per share.
John Krafcik, former Hyundai Motor America's president and CEO, has been named president of Web-based dealer network TrueCar.
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