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, Inc. (NASDAQ: TRUE) introduces its top cash, lease, and finance deals for new cars as of November 2021. The report highlights a general decline in average incentive spending due to a microchip shortage, while noting a slight increase in financing incentives. Key deals include:
- Nissan Rogue: Avg. MSRP $32,527, Avg. Paid $30,793, savings of 7%.
- Kia Forte: Avg. MSRP $22,421, Avg. Paid $20,427, savings of 18%.
- Chevrolet Traverse: Avg. MSRP $42,543, Avg. Paid $40,009, savings of 13%.
This information aims to help consumers find the best deals in a competitive market.
TrueCar, Inc. (NASDAQ: TRUE) partnered with DAV and AutoNation to award Colonel Greg Gadson a customized Chevrolet SUV through its DrivenToDrive initiative, aimed at assisting injured veterans. The ceremony took place at an AutoNation dealership in Phoenix, AZ. Col. Gadson, a decorated Army commander and bilateral amputee, emphasized the initiative's importance for veterans' recovery and independence. TrueCar's DrivenToDrive initiative, launched in 2016, supports veterans by helping them regain mobility. The collaboration underscores a commitment to empowering disabled veterans.
TrueCar, Inc. (NASDAQ:TRUE) reported its third-quarter financial results for the period ending September 30, 2021, in its first-ever stockholder letter. The company focuses on enhancing the auto buying experience through a digital marketplace connecting consumers with Certified Dealers. A conference call to discuss the results will be held on November 4, 2021, at 9:00 a.m. ET. TrueCar's approach centers on transparency and efficiency in car purchasing, serving over 250 leading brands including AARP and American Express.
TrueCar, Inc. (NASDAQ:TRUE) has appointed Faye Iosotaluno, Chief Strategy Officer at Match Group, to its Board of Directors, expanding the board to nine members, including three women. Iosotaluno brings extensive experience from her roles at Match Group and SoundCloud. TrueCar's CEO, Mike Darrow, expressed enthusiasm for her insights, emphasizing how her expertise in digital platforms will support the company's goal of enhancing the online car buying experience. TrueCar aims to create a transparent marketplace connecting buyers with certified dealers across the United States.
TrueCar forecasts total new vehicle sales at 1,054,312 units for October 2021, reflecting a 20% decline year-over-year and a 3% decrease from September 2021. The seasonally adjusted annualized rate for light vehicle sales is estimated at 13 million, also down 20% from October 2020. Retail deliveries are projected at 945,027 units, facing similar declines. However, average transaction prices rise 8% year-over-year. New vehicle inventory shows slight improvement while demand remains strong, with average interest rates at 4.3% for new vehicles.
TrueCar, Inc. (NASDAQ:TRUE) is set to release its third-quarter financial results on November 3, 2021, after market close. This announcement will be made via the company's inaugural stockholder letter, accessible on their Investor Relations webpage. A conference call to discuss the results is scheduled for November 4, 2021, at 9:00 a.m. Eastern Time, with a live webcast also available on the website.
TrueCar, Inc. (NASDAQ: TRUE) recently announced its best cash, lease, and finance deals on new vehicles for October 2021. Despite the ongoing microchip shortage affecting the automotive industry, TrueCar highlights opportunities for savings. The average cash offers on models, such as the Jeep Renegade and Chevrolet Equinox, demonstrate savings of up to 10% off MSRP. TrueCar's data-driven approach ensures consumers can identify competitive deals amidst reduced overall incentive spending.
TrueCar forecasts total new vehicle sales will reach 1,007,396 units in September 2021, down 25% year-over-year and down 8% from August. The estimated seasonally adjusted annualized rate (SAAR) is 12.2 million, a 25% decline from last September. Retail deliveries of new cars are expected to be 899,072 units, reflecting a 26% decrease compared to last year. Incentive spending has decreased by 42%, with average transaction prices increasing by 8%. The report highlights industry-wide challenges, particularly ongoing chip shortages impacting OEM sales.
TrueCar (NASDAQ: TRUE) has announced a new auto financing pre-qualification experience in collaboration with Capital One and Westlake Financial. This service aims to improve consumer confidence and streamline the car-buying process by allowing eligible shoppers to pre-qualify for financing through participating lenders. According to a TrueCar survey, 76% of vehicle shoppers prefer calculating personalized payments online. The initiative will be available through TrueCar Certified Dealers nationwide for both new and used vehicles, reinforcing TrueCar's commitment to transparency and efficiency in the car shopping experience.
TrueCar, Inc. (NASDAQ: TRUE) released its best cash, lease, and finance deals for new vehicles in September 2021, emphasizing significant savings despite ongoing inventory shortages due to global microchip production issues. Notable deals include the Buick Enclave, with an average cash offer of $44,921, yielding a 10% savings off the MSRP. The analysis highlights price reductions across various vehicle segments, helping consumers navigate the current market and maximize savings. TrueCar continues to refine its data-driven approach to identify exceptional deals amidst industry challenges.
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