Press Releases

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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21

May '20

TrueCar Extends Financial Support to Dealer Partners into June

SANTA MONICA, Calif. , May 21, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announced today the continuation of financial payment relief for its dealer customers through June.

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19

May '20

Vehicle Shopping Now Higher than Pre COVID-19 Levels with Consumers Seeking Custom and Remote Purchasing Solutions

According to TrueCar Marketplace Data and 3-Wave COVID-19 Car Buying Research SANTA MONICA, Calif. , May 19, 2020 (GLOBE NEWSWIRE) -- TrueCar , Inc., the most efficient and transparent online destination to find a car, today published COVID-19 car buying insights based on TrueCar’s own marketplace

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07

May '20

TrueCar Reports First Quarter 2020 Financial Results

SANTA MONICA, Calif. , May 07, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the first quarter ended March 31, 2020 . First Quarter 2020 Financial Highlights First quarter total revenue of $83.5 million , down (2.4)% from a year ago.

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04

May '20

TrueCar Expands Military Car Buying Support with Launch of ‘TrueCar Military’

Dedicated Military Car Buying Program Offers Exclusive Military Incentives and Benefits for the Nation’s Military TrueCar Exclusive Military Appreciation Package Includes: Up to $2,000 in automaker Military Incentives on select brands and models Up to $4,000 in repair and auto deductible

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01

May '20

ALG Forecasts Average New Vehicle Transaction Price Up 5.7% Year Over Year Fueled by 0% Interest Rates and Longer Loan Term Offers

SANTA MONICA, Calif. , May 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 5.7% or $1,986 from a year ago and up 2.0% or $713 from March 2020 . 

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