socalTECH

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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Truecar Santa Monica Pricing Company 113

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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Truecar Santa Monica Pricing Organization 159

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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Truecar Capital Santa Monica Venture Capital 187

socalTECH

NOVEMBER 19, 2013

Santa Monica-based TrueCar , the auto pricing and sales company headed by Scott Painter, said late yesterday that it has sold its one millionth vehicle through its service, and that $31 billion in sales have gone through its network to date. TrueCar said that it saw around 400,000 sales alone in 2013. READ MORE>>.

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Truecar Sales Pricing Santa Monica 176

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>>.

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Truecar Mobile Santa Monica Pricing 149

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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Truecar Sales Services Santa Monica 100

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.

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Truecar Software Review Santa Monica Pricing 150

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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Truecar GRP Partners Santa Monica Pricing 190

socalTECH

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 had served at that position at Honda since November of 2004, and before that, had spent 28 years at Ford Motoro Company, plus served as EVP and COO at Mazda North American Operations.

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Truecar Santa Monica Pricing Company 113

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>>.

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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.

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Truecar Santa Monica Pricing Sales 169

socalTECH

MAY 16, 2014

Santa Monica-based TrueCar , the online new car pricing and buying site, jumped in its IPO Friday morning, trading up 16 percent in early trading this morning. The company--the second technology company to have an IPO this year from Southern California--was trading around $10.47 per share late last night. READ MORE>>.

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Truecar Southern California SoCal Santa Monica 171

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>>.

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Truecar Pricing Los Angeles Services 100

socalTECH

MARCH 21, 2016

Santa Monica-based TrueCar has begun ranking vehicles, based on how well their values hold up in the pre-owned vehicle market, through an annual "TrueCare Pre-Owned Value Awards" program, the company said over the weekend.

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Truecar Santa Monica Metrics Pricing 100

socalTECH

OCTOBER 14, 2016

Santa Monica-based automotive buying service TrueCar said Thursday that it is powering a new car buying service on CarandDriver.com , the online automotive website which is part of Heart Autos. Financial impact of the deal were not announced. Consumers can also go directly to the service at a dedicated website. READ MORE>>.

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Truecar Services Santa Monica Research 100

socalTECH

OCTOBER 20, 2011

Santa Monica-based TrueCar , the provider of online car buying software and pricing information, said today that it is powering the online car buying programs for VroomGirls.com , a new, Los Angeles-based website targeting automotive information for women. Financial details of the deal were not announced.

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Truecar Software Review Santa Monica Tips 133

socalTECH

FEBRUARY 17, 2010

Los Angeles-based TrueCar , the online car pricing site run by Scott Painter, said today that it has launched a mobile version of its site. According to the company, the new site runs on Apple iPhone, BlackBerry, and other web-enabled mobile devices. TrueCar is a spinout of Zag Automotive, which is also run by Painter.

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Truecar Sites Mobile Zag 154

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.

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Truecar Santa Monica Pricing Report 113

socalTECH

AUGUST 3, 2011

Santa Monica-based TrueCar , the online provider of new car pricing reports, announced today that it has added Mike Maroone, President and Chief Operating Officer of AutoNation , to the firm's board of directors. TrueCar said that AutoNation is the country's largest automotive retailer. READ MORE>>.

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Truecar Santa Monica Pricing Report 133

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.

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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>>.

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Truecar Santa Monica Advertising Sales 185

socalTECH

MARCH 30, 2012

Santa Monica-based TrueCar said Friday that it has hired a new Vice President, Dealer Development, to bolster its efforts to retain and grow its network of dealer partners. TrueCar said Potter will also manage field sales and inside account management teams for the company.

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Truecar Internet Brands Santa Monica Sales 150

socalTECH

MAY 9, 2011

Santa Monica-based TrueCar , the automotive pricing website headed by Scott Painter, has added "Black Book" used car values to the site. According to the company, the new values come via an agreement with National Auto Research , a division of Hearst Business Media. READ MORE>>.

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Truecar Santa Monica Pricing Research 133

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.

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Truecar Southern California Santa Monica Pricing 150

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>>.

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Edmunds Truecar Zag Santa Monica 100

socalTECH

SEPTEMBER 10, 2008

Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars.

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Zag Truecar CarsDirect Arcturus 133

socalTECH

JULY 1, 2009

Santa Monica-based TrueCar announced today that it has snagged an executive from Edmunds.com for its new Vice President of Product Management. The company said Cleckler will work on aiding in development of car pricing tools on the site. Tags: truecar edmunds executive automotive auto. READ MORE>>.

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Truecar Edmunds Zag Anthem 100

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?

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Truecar Startup Hulu Pricing 338

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. a fbFund winner.

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Zag Truecar Venture Capital CarsDirect 248

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>>.

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Truecar Santa Monica Pricing Competition 145

socalTECH

AUGUST 11, 2010

Santa Monica-based firms TrueCar.com and Zag announced last night that the two companies are becoming official sponsors of the 2010 Pebble Beach Concours d'Elegance. According to TrueCar and Zag, the three-year agreement includes a deal for Motor Trend Radio to broadcast and record its coverage from the TrueCar.com suite.

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Zag Truecar Santa Monica Pricing 113

socalTECH

MARCH 28, 2016

Not sure if you're getting the best price on your new solar power system? The startup said it will "do what CarsDirect and TrueCar have done for the car industry" to the solar power industry, by letting users calculate their solar savings, create a customized solar setup, and get the "best possible price" on their solar power system.

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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?

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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.

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Conference Technical Review Truecar Software Review 398

Both Sides of the Table

OCTOBER 8, 2014

” in 2014 the data seems pretty conclusive because LA has now become the fastest growing tech startup region by numbers of companies being started and those of us here have noticed this pace accelerating. Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”

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Entrepreneur Snapchat Startup Google 376

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.

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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.

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Venture Capital San Diego Truecar Web 49