U.S. News & World Report Taps TrueCar as Exclusive Provider of Used Car Trade-In Valuation
WASHINGTON and SANTA MONICA, Calif., May 13, 2013 /PRNewswire/ -- U.S. News & World Report, a multi-platform publisher of news and analysis, announced that it has expanded its relationship with TrueCar, Inc., an automotive pricing information and analysis company that helps create a better buying experience for consumers and dealers. U.S. News is now incorporating ClearBook®, TrueCar's full-featured used car valuation tool, in various places on the U.S. News Best Cars website.
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TrueCar will be the exclusive provider of trade-in value and used car estimated market value data and pricing to 30 million annual visitors. U.S. News Best Cars becomes the latest automotive buying site to provide TrueCar's ClearBook technology to used car buyers and sellers with transparent pricing information from actual used car sales data.
"TrueCar continues to launch new products that are in line with U.S. News' mission of helping consumers make informed decisions," says Bageshri Ghate, General Manager, Autos for U.S. News. "ClearBook gives used car shoppers more confidence regarding how much they should spend on a used car and what their own car is worth."
With the introduction of ClearBook on U.S. News Best Cars, consumers visiting the site can now do the following:
- Find used vehicle pricing information for thousands of makes and models within a consumer's local area including Expected Sale Price, Recommended List Price and Trade-in Price.
- View rankings of used car models based on a price range so consumers can find the best used cars within their budget.
"ClearBook helps millions of buyers, sellers and trade-in customers to more accurately price a used vehicle," says Jason Nierman, Vice President, Business Development at TrueCar, Inc. "ClearBook provides U.S. News customers with unprecedented transparency in the used car pricing information and valuation arena, which will enable them to make a smart used car buying decision."
U.S. News already uses TrueCar new car pricing information to help its customers save time and money with a hassle-free new car buying experience. For more information on U.S. News Best Cars, please visit: www.usnews.com/cars.
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 identically-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 750,000 vehicles across the country. Its national network of more than 6,000 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.
You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.
ABOUT U.S. NEWS BEST CARS
Since 2007, U.S. News Best Cars, the automotive channel of U.S. News & World Report, has published rankings of the majority of new vehicles sold in America. Each year, U.S. News publishes the Best Cars awards, including Best Cars for the Money and Best Cars for Families.
U.S. News & World Report is a multi-platform publisher of news and analysis, which includes the digital-only U.S. News Weekly magazine, www.usnews.com and www.rankingsandreviews.com. Focusing on Health, Money, Education, Travel, Cars and Public Service/Opinion, U.S. News has earned a reputation as the leading provider of service news and information that improves the quality of life of its readers. U.S. News & World Report's signature franchise includes its News You Can Use® brand of journalism and its "Best" series of consumer guides that include rankings of colleges, graduate schools, hospitals, cars, mutual funds, health plans and more.
SOURCE TrueCar, Inc.
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