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.

Truecar 174

Truecar Sales Software Review Pricing 174

socalTECH

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. The company said about 75 percent of its installs are on iOS, with the remainder on Android. READ MORE>>.

Truecar 149

Truecar Mobile Santa Monica Pricing 149

socalTECH

OCTOBER 9, 2012

TrueCar , the Santa Monica-based provider of auto buying and pricing software, is powering another online vehicle purchase service with a deal with Regions Bank , the company said today. Financial impact of the deal was not disclosed.

Truecar 150

Truecar Software Review Santa Monica Pricing 150

socalTECH

APRIL 2, 2012

Santa Monica-based TrueCar , the online car purchasing firm headed by Scott Painter, is further ramping up its outreach to dealers, saying this morning that it has formed a new "National Dealer Council" which will work with experienced dealers to recommend and improve collaboration between the company and auto dealers. READ MORE>>.

Truecar 145

Truecar Santa Monica Pricing Services 145

socalTECH

MARCH 26, 2012

Santa Monica-based TrueCar , the online automotive purchasing program and technology developer, has just topped 500,000 cars sold on its platform, the firm reported this morning. The numbers reflect some momentum to the firm's services, which took five years to sell the first 100,000 vehicles.

Truecar 169

Truecar Santa Monica Pricing Sales 169

socalTECH

AUGUST 7, 2015

Scott Painter , the CEO of Los Angeles-based auto purchasing service TrueCar , said Thursday that he will be stepping down as CEO of the company by the end of the year. Painter will remain as Chairman of the board, and will continue as CEO as the company searches for a new chief executive. READ MORE>>.

Truecar 100

Truecar Pricing Los Angeles Services 100

socalTECH

DECEMBER 16, 2011

Auto maker Honda is taking direct aim at Santa Monica-based TrueCar , with threats to pull advertising allowances from dealers who list below invoice on the site, according to a report from the LA Times. In the report, the Times says that TrueCar is now on track to reach $100M in revenues this year.

Truecar 113

Truecar Santa Monica Pricing Report 113

socalTECH

APRIL 27, 2011

Santa Monica-based TrueCar , the automotive software and purchasing service headed by Scott Painter, claims this morning that it has saved more than $1 billion for car consumers. TrueCar's platform is used by automotive discount and purchasing programs from credit unions and others, as well as by dealers with upfront pricing programs.

Truecar 174

Truecar Santa Monica Platform Software 174

socalTECH

JANUARY 16, 2012

Santa Monica-based TrueCar , the online auto buying site led by Scott Painter, said Monday that it is addressing compliance issues and concerns with its service with a change to its billing model. TrueCar said Virginia has been okay with flat fee billing since January of 2001. READ MORE>>.

Truecar 185

Truecar Santa Monica Advertising Sales 185

socalTECH

FEBRUARY 27, 2014

Santa Monica-based TrueCar , the online car pricing site--which has made its name from revealing the full pricing details behind local car purchases--said this week that it had acquired a brand, new domain-- True.com. However, the company didn''t announce the price it paid for its shiny new domain name.

Truecar 150

Truecar Southern California Santa Monica Pricing 150

Both Sides of the Table

APRIL 1, 2014

Young startups claim they are going to change the world, large companies that dominate that sector scoff at how low quality these new entrants are, until l ike frogs boiling in water they come to the realization that “this s**t is real.” So what could be wrong with price transparency in the auto sector?

Truecar 338

Truecar Startup Hulu Pricing 338

socalTECH

AUGUST 18, 2009

Santa Monica-based TrueCar , the automotive pricing spinout of Zag Automotive, annoucned today that it has hired the Chief Evangelist from Edmunds. Tags: truecar executive edmunds automotive pricing. Toprak spent nine years at Edmunds, in addition to earlier experience at automotive franchises. READ MORE>>.

Edmunds 100

Edmunds Truecar Zag Santa Monica 100

socalTECH

NOVEMBER 10, 2011

Irvine-based Kelley Blue Book , the provider of used car pricing information, said today that it has launched a new effort to provide more granular used car values, with the launch of pricing specific to 51 regions in the U.S. READ MORE>>.

Truecar 145

Truecar Santa Monica Pricing Competition 145

Both Sides of the Table

JULY 1, 2010

He calls it his “Tom Sawyer&# company. Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Scott left the company, which eventually IPO’d and became Internet Brands. And it carries no inventory. It’s awesome.

Zag 248

Zag Truecar Venture Capital CarsDirect 248

socalTECH

MARCH 28, 2016

Not sure if you're getting the best price on your new solar power system? A new, Los Angeles startup, Pingo Solar --backed by technology veterans Jerry Slavonia, Kang Ahn, and others--said it is about to launch a new service to provide more transparency to the solar industry. The company has yet to roll out public access to its tool.

Tool 100

Tool CarsDirect Truecar Pricing 100

socalTECH

SEPTEMBER 19, 2017

Painter, who was previously CEO and founder of TrueCar, and has a long history in the automotive purchasing and financing industry, sat down with us to discuss Fair, what he learned at TrueCar, and how he hopes Fair will transform the auto industry. What lessons did you learn from TrueCar, which are you are applying here?

Startup 124

Startup Truecar Pricing Entrepreneur 124

Both Sides of the Table

FEBRUARY 9, 2013

I researched the pricing of the car at TrueCar – not because we’re an investor – but because it gives you complete price transparency over what other people in your area paid for a car. “Invoice price” is an equally meaningless marketing tool. As many air bags as possible. But I digress.

Conference 398

Conference Technical Review Truecar Software Review 398

socalTECH

NOVEMBER 7, 2011

But, I think it's because I have known all of these car companies for seventeen years. We basically got venture capital money, without having to give away any of the company. My partner and I might have to put another $5,000 or $10,000 into the company to get us through, but I believe this will carry us through.

Truecar 204

Truecar Writing Edmunds Sites 204

Xconomy

JUNE 16, 2016

The most important takeaway of the evening, Suster said, is that it’s only by using the Internet to dramatically increase their market reach and size (getting to scale) that Web startups can significantly cut the price of the goods or services they provide. Startup Week San Diego Crowd at Mark Suster Talk.

Venture Capital 49

Venture Capital San Diego Truecar Web 49

Both Sides of the Table

MARCH 12, 2013

He shared tons of information about how how they were using marketing to quantitatively make marketing decisions at HauteLook and acquire customers for prices that were far cheaper than similar companies. He was also the first one to challenge my conventional wisdom that it made no sense for tech companies to advertise on television.

Venture Capital 360

Venture Capital GRP Partners Startup Invest 360

Both Sides of the Table

JANUARY 16, 2012

I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls. I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. ” These are people with whom there is a likely match for your product or service.

Develop 366

Develop Development Funding Venture Capital 366