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 forecasts total new vehicle industry sales for October 2022 at 1,165,658 units, a 15% increase from last year, and an estimated 14.6 million annualized sales rate, up 13% year-over-year. Excluding fleet sales, retail deliveries are expected to reach 995,808 units, up 9% but down 2% from September. Average transaction prices for new vehicles are projected to increase 3% year-over-year. Increased interest rates and pricing are cited as factors influencing affordability in the sales environment.
TrueCar, Inc. (NASDAQ: TRUE) is piloting a new online credit application feature on truecar.com, launching in Southern California with nearly 200 dealers. This initiative allows users to structure specific VIN lease, finance, or cash payments online and request credit approval instantly. The pilot promotes pricing transparency by including incentives, taxes, and fees, tailored to each dealership's preferences. CEO Mike Darrow emphasizes its significance in enhancing online vehicle transactions and providing lenders with better financing opportunities for consumers.
TrueCar, Inc. (NASDAQ:TRUE) will release its third-quarter financial results for the period ending September 30, 2022, on November 7, 2022, after market close. A live call hosted by CEO Mike Darrow and CFO Jantoon Reigersman will occur on November 8, 2022, at 9:00 a.m. ET to discuss these results. Shareholders can submit questions via a Q&A platform beginning November 1, 2022. TrueCar continues to enhance its automotive digital marketplace, providing a transparent and efficient auto shopping experience.
On Oct. 21, 2022, TrueCar (NASDAQ: TRUE) announced the launch of an extensive accessories menu as part of its online car buying platform, TrueCar+, currently available in Florida. This menu boasts over 12,000 hardware parts, representing the largest multi-brand online offering in the automotive sector globally. TrueCar+ utilizes a VIN-specific fitment rules engine for precise accessory matching. The CEO, Mike Darrow, emphasized that this offering allows customization for buyers and presents dealers with additional margin opportunities.
TrueCar has released its Automotive Shopper Trends Report, which reveals insights on consumer behavior and automotive trends over the past six months. Key findings include a 120% increase in electric vehicle (EV) interest year-over-year amid soaring gas prices, with nearly 25% of shoppers opting for vehicles they hadn't initially considered. Additionally, 62% of car buyers prefer completing purchases online. The report emphasizes the automotive industry's ongoing evolution and TrueCar's role in helping dealers adapt to these changes.
TrueCar, Inc. (NASDAQ: TRUE) forecasts new vehicle industry sales in September 2022 to hit 1,140,659 units, reflecting a 13% increase compared to last year. The seasonally adjusted annualized rate (SAAR) is estimated at 13.4 million, a 9% year-over-year uptick. Retail deliveries are expected to rise by 8%, while used vehicle sales are projected to decline by 11%. The average interest rate for new vehicles is noted at 5.9%. Industry analysts highlight affordability challenges due to rising rates, impacting consumer behavior and potential sales incentives.
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TrueCar forecasts new vehicle sales in the U.S. for August 2022 to be 1,152,846 units, marking a 9% increase year-over-year. Retail deliveries are expected to reach 1,015,575 units, up 6% from August 2021. Despite a predicted 14% decline in the seasonally adjusted annualized rate (SAAR) to 13 million units compared to last year, month-over-month sales show slight improvement. Incentive spending is down 52% year-over-year. Hyundai and Kia are highlighted for strong performance, attributed to updated lineups.
On August 3, 2022, TrueCar (NASDAQ: TRUE) announced that Mike Darrow, President and CEO, will participate in a fireside chat at the 2022 J.P. Morgan Auto Conference on August 10, 2022. The presentation is set for 10:15 a.m. Eastern (7:15 a.m. Pacific). A webcast of the event will be available live and for replay for up to 30 days. TrueCar continues to strengthen its position as a leading automotive marketplace connecting buyers with certified dealers.
TrueCar, Inc. (NASDAQ: TRUE) disclosed its Q2 2022 financial results in a recent stockholder letter. The live call is scheduled for August 3, 2022, at 9:00 a.m. ET. TrueCar is recognized as a top digital automotive marketplace, connecting consumers with a network of Certified Dealers. The company aims to enhance the online auto shopping experience, providing tools for vehicle discovery and price ratings. TrueCar also supports auto-buying programs for major brands like AARP and American Express.
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