Welcome to our dedicated page for Truecar news (Ticker: TRUE), a resource for investors and traders seeking the latest updates and insights on Truecar stock.
TrueCar, Inc. (NASDAQ: TRUE) is frequently in the news as an automotive digital marketplace that connects car buyers and sellers with a nationwide network of Certified Dealers and powers auto-buying programs for over 250 partner brands. Company press releases highlight its focus on transparency, fairness and efficiency in online car shopping, as well as its role in affinity programs with organizations such as Sam’s Club, Navy Federal Credit Union and AAA.
News coverage of TrueCar commonly includes quarterly and annual financial results, which the company announces through stockholder letters, press releases and investor calls. These updates are often accompanied by Form 8-K filings that furnish earnings information for specific quarters. Investors and observers can follow how TrueCar reports on revenue trends, operating metrics and other financial measures through these recurring announcements.
Another key theme in recent TrueCar news is corporate transactions and governance developments. The company announced an Agreement and Plan of Merger with Fair Holdings, Inc., an entity led by TrueCar’s founder, providing for an all-cash go-private transaction. Subsequent press releases and Form 8-K filings describe the terms of the merger, the financing structure, voting and support agreements, and the special meeting of stockholders. A December 2025 Form 8-K reports that stockholders approved the merger proposal, and company communications state that TrueCar’s common stock is expected to cease trading on Nasdaq after the transaction closes.
TrueCar news also covers partnerships and community initiatives. For example, the company announced the "TrueCar for GasBuddy" car buying program, under which GasBuddy users gain access to TrueCar’s Certified Dealer network. Another release describes the continuation of the DrivenToDrive initiative in partnership with wear blue: run to remember, including the planned award of a vehicle to a qualifying member of the military or a Gold Star or Surviving family member.
By following the TRUE news feed on Stock Titan, readers can review these types of updates in one place: earnings announcements, SEC-referenced disclosures, merger and transaction developments, partner program launches and community-focused initiatives. This provides a consolidated view of how TrueCar communicates with investors, partners and consumers over time.
TrueCar anticipates February 2022 U.S. vehicle sales at 1,071,377 units, a 10% decline year-over-year but a 7% increase from January. The seasonally adjusted annualized rate (SAAR) for total light vehicle sales is estimated at 14.2 million, down 11% from February 2021. Retail deliveries are expected to decline 12% compared to last year, totaling 935,604 units. Average transaction prices have risen by 15%, while incentive spending has dropped by 53%. The industry is stabilizing after volatility, with notable shifts in leasing and loan options for consumers.
TrueCar (NASDAQ:TRUE) has appointed Jantoon Reigersman as Chief Operating Officer, effective March 1, 2022, adding to his current role as Chief Financial Officer. This dual role aims to enhance operational effectiveness and drive revenue growth through the TrueCar+ online marketplace. Currently in pilot in Florida, TrueCar+ is set for statewide expansion by Q2 2022. The company emphasizes innovation and improved efficiency for both consumers and dealers, contributing to the overall transformation of the automotive buying experience.
TrueCar (NASDAQ:TRUE) announced its fourth quarter financial results for 2021 in a stockholder letter on February 22, 2022. The detailed letter is accessible on their investor relations website. A live question and answer session is scheduled for February 23, 2022, at 9:00 a.m. ET to discuss these results. TrueCar positions itself as a leading auto marketplace connecting buyers with Certified Dealers, enhancing the auto-buying experience through transparency and efficiency.
TrueCar, Inc. (NASDAQ: TRUE) announced that starting today, stockholders can submit and upvote questions for the Q4 2021 earnings call. The initiative utilizes Say Connect from Say Technologies to enhance stockholder engagement. Questions can be submitted until February 22, 2022, at 9:00 a.m. ET. The earnings call is scheduled for February 23 at 9:00 a.m. ET, where management will address selected stockholder queries. Investors can register for a live webcast of the call, with an archived replay available on the Investor Relations section of TrueCar's website.
TrueCar, Inc. will report its fourth quarter 2021 financial results on February 22, 2022, after market close via a stockholder letter available on their Investor Relations website. A related earnings call will be hosted on February 23, 2022, at 9:00 a.m. ET, featuring CEO Mike Darrow and CFO Jantoon Reigersman. The call will include a Q&A platform for stockholders starting February 16. TrueCar provides an online automotive marketplace connecting buyers with Certified Dealers, promoting transparency and a seamless car buying experience.
TrueCar, Inc. forecasts total new vehicle sales for January 2022 at 1,006,325 units, reflecting a 9% decline year-over-year and 7% from December 2021. The seasonally adjusted annualized rate (SAAR) is estimated at 15.3 million units. Retail deliveries are anticipated to reach 893,077 units, down 10% from last year. Despite a slight decrease in transaction prices and improving supply conditions, the ongoing chip shortage remains a challenge. Total sales in 2022 are expected at 15.4 million units.
TrueCar, Inc. (NASDAQ:TRUE) announced that CEO Mike Darrow will participate in a fireside chat at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 2:45 p.m. Eastern. This event will be accessible via live webcast and replay on TrueCar's Investor Relations website for 90 days following the event. TrueCar provides an online automotive marketplace connecting buyers with Certified Dealers, emphasizing transparency and efficiency in the car buying process.
TrueCar forecasts new vehicle sales will decline by 27% year-over-year to 1,144,108 units in December 2021, matching November's performance when adjusted for selling days. The seasonally adjusted annualized rate (SAAR) is expected to be 11.9 million units, also down 27% from December 2020. Retail deliveries are set at 1,024,263 units, down 27% annually. Fleet sales are anticipated to drop by 29%, while the average transaction price will rise by 7.5%. Incentive spending decreased by 55% compared to last year, indicating tighter market conditions.
TrueCar has appointed Rich DiStefano as the new Senior Vice President of Product, tasked with enhancing product strategy to drive consumer engagement and efficiency. Reporting to CEO Mike Darrow, DiStefano brings extensive experience from Fortune 500 companies, including Walmart and Hilton. His leadership is expected to support the innovation of TrueCar+, aimed at modernizing the online car buying experience. DiStefano expressed enthusiasm about leveraging his skills to improve personalization and remove friction in the car buying process.
TrueCar forecasts total new vehicle sales in November 2021 to reach 1,073,042 units, representing a 15% year-over-year decline but a 14% increase from October 2021. The seasonally adjusted annualized rate (SAAR) for light vehicle sales is estimated at 13.7 million, down 12% from last year. U.S. retail deliveries are expected to hit 971,021 units, a 16% drop year-on-year but a 16% increase from the previous month. Average transaction prices are projected to rise 9% year-on-year, with incentives at their lowest since 2005.
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