TrueCar Extends Financial Support to Dealer Partners into June
“The automotive sector is on the path toward recovery,” said
Darrow continued, “Since our first quarter earnings call earlier this month, traffic to our marketplace has continued its upward trend, with volumes exceeding pre COVID-19 levels in recent weeks. Moreover, we’re continuing to see state level restrictions ease and dealerships that had previously suspended our services in late March are returning to our marketplace to take advantage of the growing demand.”
“While we are encouraged by the data we are seeing, our priority is to continue supporting our dealer partners through this pandemic. As such, we will extend our billing relief into June,” added Darrow.
TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry's most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new and used cars – all with a clear view of what's a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including
For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free)
Email: firstname.lastname@example.org Investor Relations Contact:
Danny VivierVice President, Investor Relations & Strategic Finance email@example.com (424) 258-8771 Public Relations Contact: Shadee Malekafzali Senior Director, Public Relations firstname.lastname@example.org (424) 258-8694
Source: TrueCar, Inc.