socalTECH
JULY 7, 2009
Santa Monica-based Zag.com , the online automobile buying service headed by Scott Painter, is reporting today that it had what is calls its "strongest sales so far this year" in June. The firm did not say what drove the growth, and did not provide any financial details on its sales or profitability. READ MORE>>.
socalTECH
JUNE 10, 2009
Zag's technology provides a level of customization and detail on "fleet" style, pre-negotiated sales of autos, down to the accessory level; the firm has deals with USAA, Capital One, Overstock.com, AAA groups, and others to provide its service. over MSRP on their autos. Painter is the former CEO of CarsDirect.com.
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Both Sides of the Table
JULY 1, 2010
He eventually applied his lessons learned in these experiences when he founded Zag, a company that helps consumers buy cars over the Internet at pre-negotiated prices with nearly 4,000 dealers across the country [disclosure: my firm GRP Partners is an investor in Zag]. It’s awesome. The deals we quickly went through are: 1.
socalTECH
JULY 9, 2009
Santa Monica-based Zag.com , the online automotive buying firm headed by Scott Painter, announced Thursday that the company has reached an agreement with Mercedes-Benz USA to offer an additional $5000 off pricing of new Mercedes-Benz cars to members of USAA, one of the affinity groups using Zag's auto pricing and purchasing services.
socalTECH
APRIL 21, 2010
Santa Monica-based TrueCar , which provides real-life pricing data on new cars, based on actual dealer sales, said Tuesday that the firm has begun showing guaranteed upfront pricing from local dealers. The new auto buying services come as part of a partnership with Zag, which operates online car buying programs. READ MORE>>.
socalTECH
JULY 15, 2009
Santa Monica-based TrueCar , the automotive pricing spinout of Zag Automotive, disclosed Wednesday that the firm has inked distribution deals with five automotive websites. Tags: truecar automotive pricing auto sales ecommerce. Financial details of the distribution deals were not disclosed. READ MORE>>.
socalTECH
JANUARY 25, 2010
TrueCar said that High Gear will include its search and pricing services through sites like TheCarConnection.com , MotorAuthority.com and GreenCarReports.com , part of High Gear's network of web sites. TrueCar provides new car pricing data derived from actual automobile dealership sales information, and is a spinout of Zag Automotive.
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