Dealer Partners Sell 500,000 Cars Using TrueCar

SANTA MONICA, Calif., March 26, 2012 /PRNewswire/ -- TrueCar, Inc., an online automotive information and communications platform focused on creating a better car buying experience for dealers and consumers today announced that its thousands of Certified Dealer partners have sold over 500,000 cars using the TrueCar platform.  Consumers want a hassle-free car buying experience and dealers want high-quality sales velocity.  TrueCar helps achieve these goals by providing unbiased market information on new car transactions and supplying an online communications platform through which dealers and consumers can communicate with each other.  TrueCar powers some of the nation's largest and most well respected membership and service organizations auto buying programs. 

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The TrueCar service continues to gain momentum.  It took TrueCar Certified Dealer partners nearly five years to sell their first 100,000 vehicles through the TrueCar platform.  Since then, the service has become more popular, with Certified Dealer partners selling the next 100,000 cars in nine months, six months and five months, respectively, before its latest feat in just over four months.

"This is a testament to the value of TrueCar and the consistently great experiences our dealer partners provide to consumers daily to sell a vehicle," said Bernie Brenner, Chief Strategy Officer at TrueCar, Inc. "We look forward to our dealer partners selling the next 500,000 cars while continually working to create a better car buying experience for both the dealer and consumer."

The 500,000th car sold by a TrueCar Certified dealer was a 2012 Ford F-150 in Columbus, CA to a car buyer using the USAA Car Buying Service.

About TrueCar, Inc.

TrueCar, Inc. is an online automotive information and communications platform focused on creating a better car buying experience for dealers and consumers.  Consumers want a hassle-free car buying experience and dealers want high-quality sales velocity.  TrueCar helps achieve these goals by providing unbiased market information on new car transactions and by supplying an online communications platform through which dealers and consumers can communicate with each other.  TrueCar's market-based information provides both consumers and dealers with an accurate and comprehensive understanding of what others actually paid recently for similar vehicles, both locally and nationally.  TrueCar's communications platform then allows informed, ready-to-buy consumers to communicate directly with participating dealers.  Some of the nation's largest and most well respected membership and service organizations rely on websites powered by TrueCar to help educate their members and customers who are in the automotive market.  TrueCar is headquartered in Santa Monica, CA, and has offices in San Francisco, CA, and Austin, TX.  After experiencing dramatic growth since 2006, TrueCar is developing a suite of products and services centered on radical clarity through the comprehensive analysis of market data and information.  TrueCar's participating dealer partners have sold over 500,000 new vehicles to TrueCar users nationwide.

You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.

SOURCE TrueCar, Inc.