TrueCar Buys DealerScience

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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. As part of the deal, the founder of Dealerscience, Andrew Gordon, becomes VP of Digital Retailing at TrueCar.

TrueCar Buys Stake In Accu-Trade

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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. truecar accutrade tradein automotive auto mobile vehicle appraisal merger acquisition

TrueCar Settles Lawsuit with Car Dealer Association

L.A. Business Journal

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

TrueCar Retreats From NRA Affiliation

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Santa Monica-based TrueCar has withdrawn its affiliation with the National Rifle Association (NRA), one of a number of brands which have stepped away from their commercial affiliations with the group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 joins a long list of companies which have cut off ties with the gun advocacy group, including Delta Air Lines, United Airlines, Enterprise, Hertz, Alamo, MetLife, First National Bank of Omaha.

TrueCar Settles Trademark Dispute

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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. TrueCar said that it had established its sole and exclusive rights to TRUECAR trademark and TRUE family of trademarks. truecar trademark settlement legal sonic dealership auto automobile buying

TrueCar Names New Sales VP

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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. TrueCar said Green will oversee the company's dealer-client portfolio and also work with non-traditional enterprise clients. sales dealership buying executive truecar

TrueCar Names New CEO

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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. truecar executive chairman scott painter autotrader chip perry

TrueCar Cuts Ties With AutoNation

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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 said it "could not make an exception" to its requirements to provide customer data for AutoNation. TrueCar and AutoNation had been working together since 2006.

TrueCar Updates Dealer Outreach Initiative

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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. TrueCar--while still showing pricing and information--is now making its approach more dealer friendly. truecar dealer auto automobile pricing market marketplace vehicle purchase buying

TrueCar Files For IPO

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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. TrueCar reported a loss of $22.6M truecar merger acquisition exit nasdaq true automobile buying pricing

TrueCar Launches New Website, Ad Campaign

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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 truecar advertising auto automobile buying service pricin

TrueCar Powers AAA Carolinas

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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. TrueCar is based in Santa Monica. truecar auto buying program automobile pricing

TrueCar Links With Disabled Veterans Charity

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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. TrueCar operates an online service which lets people get pricing on both new and used vehicles, and compare that to comparable sales in their market.

TrueCar Prices IPO

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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 is venture backed by backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, Peppy Capital Partners, Arcturus Venture Capital, along with others. truecar true buying service scott painter

TrueCar Names Dealer Marketing Head

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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. TrueCar said that Edmonds will help dealers across its network gain maximum value from the service. truecar executive auto dealership marketing sales buying automotive

TrueCar Buys True.com

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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 offers up a combined service which both provides end consumers with actual pricing data on automobiles, but also helps to connect those consumers with car dealers.

TrueCar Launches Further Outreach To Auto Dealers

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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". TrueCar said it will be showing off the pledge at the upcoming 2017 NADA automobile convention, saying the effort reflects a "commitment to operate a transparent, balanced marketplace that benefits both consumers and dealers."

TrueCar Taps Owen Wilson As Voice of TrueCar

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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. TrueCar said its new series of ads was created by creative agency Tiny Rebellion, and will show that "the future of buying a car can be as joyful as driving one."

TrueCar Links With Ford, Sam's Club On Auto Promotion

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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. TrueCar's powers the Sam's Club Auto Buying Program, which lets members search for new and used vehicles in their local area and also provides what members recently paid for similar vehicles.

TrueCar Rolls Out TV Ad Campaign

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Santa Monica-based car buying technology and marketplace operator TrueCar said this morning that it has rolled out two new, television ads featuring dogs in cars, and the voice of Wen Wilson. TrueCar said its first spot is called "True Love" , and focuses on the "love affair between dogs and cars". TrueCar said it is using the new television ads to position TrueCar as the "new way for modern consumers"--especially millenials--to buy a car.

TrueCar Names SVP Dealer Sales

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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. truecar executive dealer dealership sales menard

TrueCar's Scott Painter On Entrepreneurship And IPOs

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One of Southern California''s big success stories -- from startup, to venture funding, and a recent IPO--is Los Angeles-based TrueCar , which had its IPO in May. What''s been the hardest part of getting TrueCar to where it is today?

TrueCar Scoops Up $30M From Vulcan Capital

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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. As part of the funding, Abhishek Agrawal has joined TrueCar''s board of directors. truecar venture capital vulcan auto buying executive

TrueCar Names HR Chief, Plans Recruiting Boost

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Santa Monica-based TrueCar has named a new Chief Human Resources Officer, in an effort to bolster recruiting at the firm. TrueCar said it has named Don Robertson as Executive Vice President, People and Chief Human Resource Officer, as part of a stepped up talent search for the company. TrueCar did not say how many people it is looking to hire, but it says it now has 500 employees across the US. truecar executive human resource recruiting people jobs expansion robertson

Silicon Beach Report Dec. 10: TrueCar Acquires DealerScience for $27 Million

L.A. Business Journal

RealD signs China deal; Katzenberg details Quibi plans; TrueCar buys DataScience

TrueCar Wins Regions Bank

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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. TrueCar said it is providing the online vehicle information service for Regions Bank, which allows customers of that bank to research, shop for, finance, and insure a new or used vehicle. truecar auto automobile purchase upfront pricing bank

TrueCar Backs Women Auto Racers

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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. TrueCar did not say how much the sponsorships are worth, but did say it is part of its outreach to women, an "impactful" audience on the automotive retail landscape. truecar women auto racers automotive pricing series

TrueCar Launches #DogsInCars Hashtag Charity Campaign

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Santa Monica-based TrueCar is launched a new, social promotion Monday, where the company will donate $1 for every time someone uses its hashtag #DogsInCars--part of an advertising push by the company. According to TrueCar, it will donate $1 for every time the #DogsInCars hashtag is used in an Instagram photo, up to $50,000, to the Best Friends Animal Society. The charity effort is part of TrueCar''s currently running TV ad spots, all of which revolve around dogs in cars.

TrueCar Names CMO

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Santa Monica-based TrueCar , the publisher of real-time automotive pricing information headed by Scott Painter, said yesterday afternoon that it has appointed Todd Daum as Chief Marketing Officer. Daum joins TrueCar from Automoti.com, where he was Chief Operating Officer. TrueCar offers up both new and used car pricing data, based on actual car dealership sales, to both consumers and dealers. truecar executive pricing automotive auto dealer marketing

TrueCar Sued By California Car Dealers

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Santa Monica-based TrueCar has been sued by a group of California car dealers, via the California New Car Dealers Association , which alleges that the auto buying site is noncompliance with California's laws regarding dealer licensing. The California New Car Dealers Association says that TrueCar is acting as a dealer and broker of new cars, and that as a result it is violating California law. truecar california dealership lawsuit legal

TrueCar's Painter To Step Down As CEO

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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 has been CEO of the company since he founded TrueCar in 2005. truecar scott painter auto buying purchasePainter will remain as Chairman of the board, and will continue as CEO as the company searches for a new chief executive.

TrueCar Launches Dealer Council

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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. TrueCar said the council will be led by Gary Marcotte, former Senior Vice President of Marketing and eCommerce at AutoNation.

TrueCar Names Dealer Service, Sales Lead

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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. The role is bound to be an interesting one for Skutta, as TrueCar has worked to gain the trust of dealers, many of whom are unhappy with the company's pricing power.

TrueCar Sets Investor Relations VP

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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. truecar executive investor relations administration

TrueCar Powers New Car Buying Service For Car and Driver

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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. TrueCar said the new car buying service will provide and end-to-end vehicle research and purchase experience, including new vehicle pricing information and access to TrueCar's network of dealers. truecar buying service cardriver hearst publishing automotive auto purchase