socalTECH

DECEMBER 10, 2018

Santa Monica-based TrueCar announced on Friday that it acquired DealerScience , a developer of digital retailing software for the automotive industry. According to TrueCar, DealerScience will become a subsidiary of the company, and will focus on product development, sales and customer training.

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SEPTEMBER 24, 2021

Santa Monica-based TrueCar, which operates a digital marketplace for automobiles, says it has linked with Capital One to offer up pre-qualification for its buyers. According to TrueCar, the new link with Capital One allows eligible shoppers to pre-qualify for auto financing through participating lenders Capital One and Westlake Financial.

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L.A. Business Journal

AUGUST 17, 2020

TrueCar Inc., the Santa Monica-based online car-buying marketplace, has managed to gain investors’ trust even as it adjusts to the market under Covid-19.

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socalTECH

FEBRUARY 15, 2019

Santa Monica-based TrueCar announced late Thursday that it has acquired a 20 percent stake in Accu-Trade , a provider of vehicle apparisal technology. TrueCar said that it will use Accu-Trade to power its TrueCar Trade platform, which will offer up user-friendly, real-time valuations for consumers trading their cars into dealers.

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L.A. Business Journal

MARCH 16, 2020

TrueCar Inc. He will also assume a seat on TrueCar’s board. has named Mike Darrow president and chief executive.

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socalTECH

MARCH 26, 2014

Santa Monica-based TrueCar , which operates a technology driven, car buying service, has inked a big deal with the AARP , the group which serves people age 50 and over. truecar aarp automobile buying program pricing price auto' Financial impact of the deal was not announced. READ MORE>>.

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L.A. Business Journal

AUGUST 6, 2020

TrueCar Inc. has entered into an agreement with J.D. Power to sell its ALG Inc. subsidiary for $135 million.

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socalTECH

FEBRUARY 26, 2018

Santa Monica-based TrueCar has withdrawn its affiliation with the National Rifle Association (NRA), one of a number of brands which have stepped away from their commercial affiliations with the group in the wake of the slaying of 17 students in Parkland, Florida. — TrueCar (@TrueCar) February 24, 2018. READ MORE>>.

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MARCH 15, 2021

Santa Monica-based TrueCar says it has donated $11,000 to Disabled American Veterans, and will provide $2,500 each to four winning dealerships for donation to the nonprofit of their choice.

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socalTECH

MARCH 16, 2018

Santa Monica-based TrueCar , which provides online services to help connect people looking for cars with auto dealers, said on Thursday that it has linked up with a charity, DAV , which helps disabled veterans gain access to vehicles, as part of its own program for injured veterans, DrivenToDrive. READ MORE>>.

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MAY 16, 2014

Santa Monica-based TrueCar has priced its IPO, saying last night that it will sell 7.8 TrueCar is trading on the NASDAQ Global Select Market as TRUE. truecar true buying service scott painter' million shares of its stock at $9 per share. The pricing was below the company''s earlier, estimated IPO range of $12.00 READ MORE>>.

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APRIL 4, 2014

Santa Monica-based TrueCar has filed for an IPO, saying Friday that it is looking to raise up to $125M on the NASDAQ Global Select Market as TRUE. TrueCar--which is led by Scott Painter--is backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, and Peppy Capital Partners.

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socalTECH

JANUARY 26, 2017

Santa Monica-based TrueCar announced on Wednesday that it has promoted David Green to Senior Vice President of Major Accounts, within the company's Dealer Sales and Service Team. Green has been at TrueCar since 2015. Green previously served at Sonic Automotive and Showcase Honda in Phoenix. READ MORE>>.

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socalTECH

MAY 23, 2016

Santa Monica-based TrueCar is continuing to bolster its links to automotive dealers, as it looks to improve its relationship with the auto dealer industry, saying this morning that it has named Paul Edmonds as Senior Vice President of Dealer Marketing and Opeartions.

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socalTECH

DECEMBER 12, 2013

Santa Monica-based online car buying technology provider TrueCar said this morning that it has raised $30M in a new round of funding, from Vulcan Capital, the venture funding arm of Microsoft co-founder Paul Allen. TrueCar said the new funds will go towards market expansion, product development, and to build its brand. READ MORE>>.

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socalTECH

JUNE 12, 2019

Skutta previously was Executive Vice President of Dealer Sales and Service at TrueCar, and also has served at AutoAlert, VinSolutions and AutoTrader.com. According to Spireon, Skutta will head up a newly combined vehicle finance, Buy Here Pay Here, lender, and franchise dealer product offerings. READ MORE>>.

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AUGUST 8, 2016

Santa Monica-based TrueCar --which has been in the midst of extending the olive leaf out to car dealers put off by its pricing pressure--said it has updated its "Dealer Pledge" initiative, improving its efforts to address concerns of its dealers. TrueCar posted the updated pledge online. READ MORE>>.

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socalTECH

NOVEMBER 19, 2012

In a major launch, Santa Monica-based TrueCar , the online new and used car pricing website, said it has launched a redesigned website and new ad campaign. TrueCar, which is headed by Scott Painter, said it has launched a $7.7M advertising campaign developed by Santa Monica's DW+H, to help position it as a national brand.

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L.A. Business Journal

DECEMBER 15, 2017

California New Car Dealers Association announced on Thursday that it settled its lawsuit against TrueCar Inc.

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socalTECH

FEBRUARY 26, 2014

Santa Monica-based TrueCar , the online car buying service led by Scott Painter, has acquired the domain name True.com , which it says will be using for brand expansion and as an umbrella domain name. TrueCar did not say exactly how it intends to expand its service. truecar true domain merger acquisition domainer' READ MORE>>.

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JULY 30, 2015

Santa Monica-based TrueCar said Wednesday that it has settled a trademark lawsuit that it had filed against Charlotte, North Carolina-based Sonic Automotive. TrueCar had sued Sonic over the use of the the term "True Price" in its advertising. Financial terms of the settlement were not disclosed.

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socalTECH

DECEMBER 7, 2012

TrueCar , the online auto pricing and operator of auto buying programs said Thursday that AAA Carolinas has partnered with the company, and will use TrueCar to power its online auto buying program. TrueCar said AAA Carolinas is the 18th AAA organization which is powering their auto buying program with TrueCar.

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JANUARY 13, 2015

Santa Monica-based online car buying service TrueCar said this morning that it has inked a deal with actor, producer and writer Owen Wilson to serve as the "voice of TrueCar" in a set of TV, radio, and Internet ads. TrueCar said Wilson is featured in a series of spots set to roll out in the middle of the month. READ MORE>>.

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OCTOBER 16, 2017

Santa Monica-based TrueCar is powering a big promotion for Ford and Sam's Club , the companies said today, where Ford will offer up exclusive discounts on its vehicles to Sam's Club members. Truecar operates the Sam's Club Auto Buying Program. READ MORE>>.

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NOVEMBER 23, 2015

Santa Monica-based online car buying startup TrueCar announced today that it has named Chip Perry, the former CEO of AutoTrader.com, as its new President and CEO. According to TrueCar, Peery will take the reigns at the company effective December 15th, taking over from TrueCar founder Scott Painter, who is stepping down from the company.

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socalTECH

APRIL 1, 2016

Santa Monica-based TrueCar has named a new executive to head up dealer sales, saying on Thursday that it has named Jim Menard as its new Senir Vice President of Dealer Sales. TrueCar said Menard will head up efforts to strengthen dealer relationships across its network. Menard was previously President and GM of the U.S. READ MORE>>.

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socalTECH

JANUARY 9, 2017

Santa Monica-based TrueCar is continuing its outreach to car dealers--looking to patch up what had been a fairly contentious relationship with both dealers who list and do not list automobiles on its site--saying it is releasing an updated "Dealer Pledge".

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socalTECH

FEBRUARY 26, 2013

In a sign of how large of an effect Santa Monica-based TrueCar has had on the automotive industry, the company said Tuesday afternoon that its dealer partners have just surpassed 700,000 new and used vehicles sold using its sites. TrueCar's data from those purchasing programs fuel the data it uses on its consumer facing website.

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socalTECH

NOVEMBER 9, 2017

Santa Monica-based Troy Capital Partners , a new venture investment firm led by Josh Berman, Brian Sullivan, and Samit Varma, has backed a veteran of TrueCar for a new startup called Rollick Outdoor. Rollick Outdoor is based in Austin, where Brenner was based while at Santa Moinca-based TrueCar.

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socalTECH

DECEMBER 2, 2011

Santa Monica-based TrueCar , which provides automotive pricing information and powers automotive buying programs with its software and systems, said Friday that it is in an extensive, multi-year commitment to support female race car drivers.

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socalTECH

JULY 10, 2015

Santa Monica-based TrueCar , the provider of negotiation-free, car buying services which is led by Scott Painter, said late Thursday evening that it has ended a partnship it has with AutoNation. TrueCar said that AutoNation had represented 3.1 TrueCar and AutoNation had been working together since 2006.

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socalTECH

AUGUST 27, 2013

Santa Monica-based car buying information provider TrueCar has bolstered its executive staff, saying Monday that it has added Alison Sternberg as its new Vice President of Investor Relations and Administration. TrueCar said Sternberg will manage both investor relations and developing the company''s administrative functions.

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socalTECH

SEPTEMBER 7, 2011

Santa Monica-based TrueCar , the automotive pricing website headed by Scott Painter, said this morning that it has raised $200M in new debt and equity financing, plus acquired a company. TrueCar said the financng round included USAA, Capricorn Investment Group and GRP Partners, all existing investors in the firm.

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socalTECH

FEBRUARY 19, 2016

Santa Monica-based online auto pricing and sales site TrueCar said it is l‌ooking to improve services to dealers and strengthen relationships with its dealers, through the appointment of a new executive. TrueCar said it has named Brian Skutta as its new Executive Vice President of Dealer Sales and Service.

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socalTECH

APRIL 5, 2011

Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker , the firm announced today. Financial terms of the investment were not disclosed. READ MORE>>.

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OCTOBER 20, 2014

Santa Monica-based TrueCar , which provides a service to let users get upfront pricing on automobiles from dealers, said today that it has just surpassed 1 million downloads of its smartphone app. truecar download automobile mobile dealer vehicle auto' READ MORE>>.

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APRIL 4, 2017

Santa Monica-based TrueCar said Monday that it has nominated former American Honda Motor Company EVP John Mendel to its board of directors. Mendel will stand for election on May 18th, and will replace Abhishek Agrawal. Mendel recently retired from Honda, where he was Executive Vice President, Automobile Division.

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