We are embarking on a new chapter in TrueCar’s journey. TrueCar has reached an agreement to be acquired by an investor group led by TrueCar founder Scott Painter, Fair Holdings, Inc. We believe this transaction is a win-win for TrueCar, our investors, our affinity partner network, Certified Dealers and car buyers. Scott Painter, who founded TrueCar in 2005 before departing in 2015, will return as the Company’s Chief Executive Officer upon completion of the transaction – at which time TrueCar will be a privately held company led by a group with deep operational experience, industry insight, and a long-term commitment to innovation. Since its founding, TrueCar has been reducing pain-points in the car buying and selling process, increasing affordability, transparency, and reliability. Through a differentiated network of more than 250 affinity partners, TrueCar has built a powerful lead generation platform that connects dealers and OEMs. We are confident this transaction is in the best interests of TrueCar stockholders and other stakeholders. The transaction is expected to close in the fourth quarter of 2025 or early 2026, subject to approval by TrueCar stockholders, receipt of regulatory approvals, if necessary, and satisfaction of customary closing conditions. For additional important and required information about the transaction, click here: https://lnkd.in/gm2bz8CQ
TrueCar, Inc.
Technology, Information and Internet
Santa Monica, California 45,033 followers
About us
At TrueCar, we’re all drivers. Our Crew is made up of passionate, ambitious people who are united in our mission to reimagine the car buying experience for consumers and dealers. Every mile is special when you’re behind the wheel of a car you truly love. That’s why we’re committed to making buying a new car feel just as good as driving one. Our shopping tools make it easy to shop various brands online, compare real, transparent pricing data and get exclusive discounts. We are transforming car buying so that every TrueCar shopper that walks into one of our trusted dealers can feel confident knowing they’ll be driving off with their best deal. But we can’t do this alone. Our network of Certified Dealers plays an essential role in helping car shoppers feel supported and empowered throughout this process. We’ve evolved how we work with our dealers and are committed to continue to innovate in order to fuel their growth. Beyond just a listing site, we’re a partner that creates custom solutions designed to help them turn car shoppers into confident buyers. At TrueCar, we’re all drivers, and rather than wait for change, we create it. If shaping the future of car buying sounds exciting to you, then check out the life tab to learn what it's like to be part of the TrueCar Crew.
- Website
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http://www.truecar.com
External link for TrueCar, Inc.
- Industry
- Technology, Information and Internet
- Company size
- 201-500 employees
- Headquarters
- Santa Monica, California
- Type
- Public Company
- Specialties
- Internet Automotive, Automotive Pricing, and Internet Automotive Information
Locations
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Primary
Get directions
225 Santa Monica Blvd
12th Floor
Santa Monica, California 90401, US
Employees at TrueCar, Inc.
Updates
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"Whether in sales or service, one of the most rewarding aspects of retail automotive is the opportunity for true career growth." - Greg Johnson, General Manager, Mohawk Honda Read other insights from Greg and TrueCar's Matt Jones on the TrueCar Dealer Blog: https://lnkd.in/gryEn2Jg
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Megan McDowell spoke with Michael Cirillo at The Dealer Playbook about the deep insights into the minds and behaviors of car buyers that TrueCar provides and why it’s a game-changer for dealers. Watch the full interview now: https://lnkd.in/ekZWNDRN
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TrueCar’s Megan McDowell sat with Michael Cirillo at The Dealer Playbook and talked about the importance of automotive experience and how it can lead to a better car buying process for all. Watch the full interview now: https://lnkd.in/ekZWNDRN
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Today’s car buyer is looking for more than just great pricing. Check out this insightful panel from ASOTU-CON to learn how to build stronger relationships with your customers: bit.ly/3FM5sEQ
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Why does TrueCar’s Alain Nana-Sinkam believe in empowering consumers with tools that provide clarity and confidence? Listen to his interview with Auto Collabs to find out: bit.ly/3HORZN0
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Transparency is about so much more than just price. Watch TrueCar’s Matt Jones and other experts discuss the various ways to create trust with today’s car buyer.
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TrueCar’s Alain Nana-Sinkam sat down with Auto Collabs to discuss the importance of a frictionless buying experience. Watch the full interview here: bit.ly/3HORZN0
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Missed out this year’s ASOTU CON? We’re bringing the insights to you. Watch one of our favorite panels that features Jeffrey Ramsey discussing how to inspire consumer confidence even in a shifting market. Watch the full panel here: bit.ly/3FM5sEQ