SANTA MONICA, Calif., Feb. 26, 2013 /PRNewswire/ -- TrueCar has announced that its more than 5,500 dealer partners nationwide have sold over 700,000 new and used vehicles to users of TrueCar sites. Founded in 2005, TrueCar is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers.(Logo: http://photos.prnewswire.com/prnh/20110118/LA31413LOGO)
"Many car buyers fear overpaying when buying a vehicle, and their ability to see what others paid for similarly-equipped vehicles provides them confidence," said TrueCar Executive Vice President of Operations Stewart Easterby. "TrueCar Certified Dealers provide users with guaranteed savings and a professional experience at the dealership, leading to a simple, fast and fair process for both consumers and dealers."
TrueCar recently redesigned its website to reflect the company's new brand, look and feel, which is exemplified in automotive industry print and consumer TV advertising that debuted in November 2012. The ad campaign conveys TrueCar's mission: To drive transparency in the auto-buying process and enhance the consumer-dealer relationship.
In addition to individual users accessing TrueCar.com, consumers can also communicate with a TrueCar Certified Dealer through one of TrueCar's 380 affinity and employer partners (including USAA, American Express, Consumer Reports, AAA, GEICO, Yahoo! Autos, Capital One and multiple credit unions). These partners help their members, customers and employees receive a positive car-buying experience from TrueCar Certified Dealers.
The 700,000th vehicle sold was a new 2013 Mazda CX-5 purchased at Biggers Mazda in Elgin, Ill., using the GEICO Car Buying Service, powered by TrueCar.
TrueCar, Inc., headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas, is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers. As an online publisher of unbiased new and used car transaction data, TrueCar.com provides price reports that empower dealers and consumers to agree on the parameters of a fair deal by supplying a transparent, simple understanding of what others recently paid for similarly-equipped new cars in their geographic area. TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry and has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets.
TrueCar is a data-driven company that sources, compiles, and analyzes car-buying information unlike anybody in the industry. This is why, since its founding in 2005, TrueCar dealer partners have sold over 700,000 vehicles across the country. Its national network of more than 5,500 Certified Dealers is committed to provide no-hassle pricing for some of the country's largest membership and service organizations, including American Express, AAA, USAA and Consumer Reports that collectively represent more than one million monthly in-market customers.
SOURCE TrueCar, Inc.