Press Releases

06

Aug '20

TrueCar Agrees to Sell its ALG Subsidiary to J.D. Power for $135 Million

Board of Directors authorizes $75 million share repurchase program Proceeds from sale of ALG used to support this repurchase program, fortify balance sheet and maintain strategic flexibility SANTA MONICA, Calif. , Aug. 06, 2020 (GLOBE NEWSWIRE) -- TrueCar , Inc.

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06

Aug '20

TrueCar Reports Second Quarter 2020 Financial Results

SANTA MONICA, Calif. , Aug. 06, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the second quarter ended June 30, 2020 . Second Quarter 2020 Financial Highlights Second quarter total revenue of $62.7 million , down (28.8)% from a year ago.

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03

Aug '20

ALG Forecasts Average New Vehicle Transaction Price Up 3.3% for July 2020

Automaker revenue increases for the first time since March 2020 SANTA MONICA, Calif. , Aug. 03, 2020 (GLOBE NEWSWIRE) -- ALG, Inc. , a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects average transaction prices (ATP) to be up 3.3%

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27

Jul '20

TrueCar’s ALG Forecasts Vehicle Sales Continue to Recover for July 2020 Despite Economic Re-Opening Rollbacks

SANTA MONICA, Calif. , July 27, 2020 (GLOBE NEWSWIRE) -- ALG, Inc. , a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects total new vehicle sales will reach 1,189,928 units in July 2020 , down 18% from a year ago when adjusted for

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24

Jul '20

TrueCar to Announce Second Quarter Financial Results on August 6

SANTA MONICA, Calif. , July 24, 2020 (GLOBE NEWSWIRE) -- TrueCar , Inc. (NASDAQ:TRUE) will report its financial results for the second quarter ended June 30, 2020 on Thursday, August 6, 2020, following the close of market. Mike Darrow , President and Chief Executive Officer, and Noel Watson, Chief

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01

Jul '20

ALG Forecasts Average New Vehicle Transaction Price Up 3.2% for June 2020

Automaker revenue down 25% due to continued COVID-19 impact SANTA MONICA, Calif. , July 01, 2020 (GLOBE NEWSWIRE) -- ALG, Inc. , a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects average transaction prices (ATP) to be up 3.2% or

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25

Jun '20

TrueCar’s ALG Forecasts Vehicle Sales for June and Q2 2020

New and used vehicle sales continue to recover from April lows SANTA MONICA, Calif. , June 25, 2020 (GLOBE NEWSWIRE) -- ALG, Inc. , a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects total new vehicle sales will reach 1,098,960

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01

Jun '20

ALG Forecasts Average New Vehicle Transaction Price Up 4.6% Year-Over-Year for May 2020 Driven by 0% Interest Rate Offers

Automaker revenue down 29% year-over-year due to COVID-19 impact SANTA MONICA, Calif. , June 01, 2020 (GLOBE NEWSWIRE) -- ALG, Inc. , a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects average transaction prices (ATP) to be up

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28

May '20

TrueCar Announces Strategic Restructuring

Workforce Reduction Expected to Reduce Annualized Expenses by Approximately $35 Million SANTA MONICA, Calif. , May 28, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) announced today a strategic restructuring of its workforce to reinforce its pursuit of a best-in-class car buying experience.

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26

May '20

TrueCar’s ALG Forecasts Vehicle Sales for May 2020

Vehicle sales show signs of positive recovery following states reopening economies SANTA MONICA, Calif. , May 26, 2020 (GLOBE NEWSWIRE) -- ALG, Inc. , a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects total new vehicle sales will

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