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) projects total new vehicle industry sales for July 2022 at 1,119,712 units, marking a 10% decline year-over-year and 2% decrease from June 2022. The estimated SAAR is 13 million, down 15% from the previous year. U.S. retail deliveries are anticipated at 975,597 units, down 14% year-over-year. As affordability concerns rise, there is a noted increase in industry incentives for the first time in 20 months. Fleet sales are expected to rise 30% from a year ago, while average transaction prices increase 12%.
TrueCar, Inc. (NASDAQ:TRUE) will release its second-quarter financial results for the period ended June 30, 2022, on August 2, 2022, after market close. A live conference call to discuss these results will take place on August 3, 2022, at 9:00 a.m. ET, hosted by CEO Mike Darrow and CFO Jantoon Reigersman. Investors can submit questions via the Say Connect platform starting from July 27. The company aims to improve the auto shopping experience through its digital marketplace, serving over 250 brands including AARP and American Express.
TrueCar (NASDAQ: TRUE) has announced the nationwide expansion of its home delivery program for select used vehicles, integrating it into the TrueCar+ platform. Following successful trials in Florida and Texas, this program, in partnership with ACERTUS, allows dealers to reach consumers beyond their local markets. The online platform will provide transparent delivery pricing and scheduling capabilities, enhancing the vehicle purchasing experience. This initiative seeks to streamline the car buying process by increasing inventory access and convenience for consumers.
TrueCar expects new vehicle sales in June 2022 to reach 1,166,569 units, a 14% decline from last year, with a seasonally adjusted annual rate (SAAR) of 13 million. Retail deliveries are projected at 1,023,466 units, down 15% year-over-year. Despite constrained inventory, demand for electric vehicles has surged, with lead interest increasing over 100%. Consumers face rising interest rates, leading to a 30% rise in longer loan terms. Average transaction prices rose 13% YoY, while incentive spending decreased by 57%.
TrueCar, Inc. (NASDAQ: TRUE) announced the acquisition of Digital Motors, enhancing its TrueCar+ product roadmap. This strategic move aims to provide a robust online car buying and selling experience through Digital Motors' automotive retail and financial technology platform. The acquisition is expected to attract more dealers and partners while leveraging a national inventory of vehicles, improving consumer access. TrueCar also reported having approximately $235 million in cash at the end of Q1 2022, indicating financial flexibility for further investments.
TrueCar forecasts that total new vehicle industry sales will reach 1,221,790 units in May 2022, marking a 17% decline year-over-year but a 10% increase from April. The projected SAAR is 14 million, also down 17% from last May. Retail deliveries are expected to be 1,062,452 units, a 18% decrease YOY with a 7% increase over April. Average used car prices fell 1.6% due to rising interest rates and fuel prices. Fleet inventory won't decline as much as retail, partly due to deferred demand.
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TrueCar, an online automotive marketplace, announced that CEO Mike Darrow will participate in a fireside chat at the 50th Annual J.P. Morgan Global Technology, Media, and Communications Conference on May 25, 2022. The event, scheduled for 10:00 a.m. Eastern (7:00 a.m. Pacific), will be accessible via a webcast, available for replay for 30 days. TrueCar connects buyers with Certified Dealers, enhancing the vehicle purchasing process through transparency and efficiency.
TrueCar, Inc. (NASDAQ:TRUE) reported its first quarter financial results for 2022 on May 9, 2022. The company plans to host a live call and webcast on May 10 at 9:00 a.m. ET to discuss these results. TrueCar aims to enhance the online vehicle purchasing experience through a network of Certified Dealers. Its marketplace serves over 250 brands, including AARP and American Express. For detailed results and insights, interested parties are encouraged to view the stockholder letter available on its investor relations site.
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