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) operates a leading digital automotive marketplace focused on transparent pricing and data-driven consumer experiences. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and strategic initiatives shaping the automotive retail sector.
Access official press releases covering quarterly earnings, dealer network expansions, technology partnerships, and product innovations. Our curated news collection enables stakeholders to track TrueCar's progress in transforming vehicle purchasing through advanced analytics and certified dealer connections.
Key updates include financial disclosures, leadership announcements, platform enhancements, and affinity partnership developments. All content is sourced from verified corporate communications to ensure reliability and compliance with financial reporting standards.
Bookmark this page for streamlined access to TrueCar's latest business milestones and market-moving announcements. Regularly updated to reflect new developments in automotive e-commerce and consumer empowerment initiatives.
TrueCar expects April 2023 new vehicle sales to reach 1,328,691 units, reflecting a 10% increase year-over-year and stability compared to March 2023. Retail deliveries, excluding fleet sales, are projected at 1,109,132 units, up 8% from last year. Interest rates on vehicle loans have plateaued, with new vehicle rates at 6.95% and used vehicle rates down to 10.79%. The average transaction price for new vehicles is expected to rise by 2.8% year-over-year, while used vehicle sales could drop by 1% compared to April 2022. OEMs are expected to provide more incentives as inventory increases, especially for higher trim levels, catering to consumers increasingly interested in lower-priced vehicles.
TrueCar, a leading automotive digital marketplace, will disclose its financial results for the first quarter of 2023 on May 8, 2023, after market close. The report will be accessible via the company's Investor Relations website. A live call and webcast to discuss these results will be held on May 9, 2023, at 9:00 a.m. ET, featuring CEO Mike Darrow, COO Jantoon Reigersman, and CFO Teresa Luong. TrueCar connects buyers with its network of Certified Dealers and aims to enhance the auto shopping experience through transparency and efficient online processes. The company serves over 250 brands, including AARP and American Express, leveraging a wide inventory of vehicles for consumers.
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