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TRUE - Truecar Inc
$4.75
0.13(2.81%)9:00:01 PM 1/20/2021
TrueCar, Inc. is an automotive pricing and information website for new and used car buyers. The service allows users to see what others paid for any new or used vehicle in their local area and receive upfront prices from a network of over 15,000 TrueCar Certified Dealers. TrueCar is paid by dealerships so they can be introduced to and communicate with potential new and used car buyers. TrueCar reports its users purchase approximately 1 million cars from dealers in its network each year. The company is headquartered in Santa Monica, California, with a sales office Austin, TX. TrueCar was originally incorporated under the name "Zag.com Inc." in Delaware in February 2005. Scott Painter and Tom Taira, along with other co-founders, started the business to provide white-label auto-buying programs to affinity groups. The company's initial partner was Capital One in order for its customers to arrange financing, access upfront pricing, and locate inventory online. Other TrueCar co-founders include Jim Nguyen, Oded Noy, and Bernie Brenner.
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Stock news

    01/14/2021TRUE
    TrueCar Forecasts 16.0 Million New Vehicle Sales for 2021

    TrueCar, Inc. projects 16 million new light vehicle sales for 2021, an increase of 10% from the previous year. Retail sales are expected to reach 13.9 million, an increase of 9.6% from 2020.

    12/29/2020TRUE
    Which Automotive E-Retailers Could be the Carvana of 2021?

    Online auto retailing holds massive opportunities and is likely to transform the automotive market in a big way in the coming years. TRUE, AN, SAH and CARG are placed well to cash in on the same.

    12/28/2020TRUE
    TrueCar Forecasts Industry Retail Sales Soar 34% for the 4th Quarter

    Average Transaction Price Hits All-Time Record December 2020 Retail Sales Chart Retail Sales Change (DSR): Percent Difference Year-Over-YearSANTA MONICA, Calif., Dec. 28, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. projects that total retail sales for Q4 are expected to be up 0.6% from last year when adjusted for the same number of selling days and up 34.2% from Q3 when adjusted for the same number of selling days.Total new vehicle sales will reach 1,605,101 units in December 2020, down 6.5% from a ...

    12/17/2020TRUE
    TrueCar Shares Best End-of-Year Cash, Lease and Finance Deals on New Vehicles for December 2020

    Plus Best Deals on Used Vehicle and Trade-InsSANTA MONICA, Calif., Dec. 17, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced its list of the best end-of-year deals on new and used vehicle purchases and trade-in values for December 2020. “December has typically been the best month to buy when it comes to getting a discount off the sticker price, and the last day of the year has been the best day,” said Nic...

    12/16/2020TRUE
    Consumer Interest in Online Vehicle Shopping and Delivery Peaks in TrueCar’s Latest COVID-19 Vehicle Shopping Study

    Fewer Consumers Expect to Delay Purchase Despite Surging Cases TrueCar COVID-19 Vehicle Shopping Study Impact on Vehicle Shopping TrueCar COVID-19 Vehicle Shopping Study Factors to Encourage Dealership Interaction TrueCar COVID-19 Vehicle Shopping Study Factors to Encourage Vehicle PurchaseSANTA MONICA, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, released the sixth wave of its study into the impact...

    12/8/2020TRUE
    Best Time To Buy A Car: Shopping On These Days And Months Will Save You Tons Of Money

    The best time to buy a car can’t be boiled down to any one day or month. Here's what experts say about best times of year to buy a vehicle for maximum savings.

    11/30/2020TRUE
    TrueCar Closes Sale of ALG Subsidiary to J.D. Power

    SANTA MONICA, Calif., Nov. 30, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announced today that it closed the previously announced sale of its ALG subsidiary to J.D. Power. The total consideration of $135 million includes an upfront cash payment of $112.5 million received at closing, and total deferred payments of up to $22.5 million based on certain financial results. This transaction enriches TrueCar’s cash balanc...

    11/24/2020TRUE
    TrueCar and ALG Forecast New Vehicle Retail Sales Rise for Third Consecutive Month

    Average Transaction Prices Jump Nearly 5% Year-Over-Year for November 2020 Retail Sales Change Chart November 2020 Sales Forecast Retail Sales Change Chart SANTA MONICA, Calif., Nov. 24, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. and its ALG, Inc. subsidiary project total new vehicle sales will reach 1,243,630 units in November 2020, down 0.5% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an...