header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Sunny
Sunny
64°F
 
Calendar
Today in
S.C.V. History
March 4
1940 - NYC premiere of "The Marines Fly High" starring Lucille Ball, filmed in Placerita Canyon [story] Marines Fly High


TrueCar, an authority on new car pricing, information, trends and forecasting since 2005, has recorded its one-millionth vehicle sale through its national Certified Dealer Network, which currently accounts for nearly three percent of U.S. monthly retail vehicle sales and more than 40,000 monthly transactions. The milestone sale took place at Parkway Hyundai in Valencia, Calif., the vehicle was purchased by retired Army Staff Sgt. Catherine Davis and it was financed through USAA and their TrueCar-powered buying service.

Following a challenging 2012 for Santa Monica, Calif.-based TrueCar, the thought of reaching 1 million sales just 11 months later seemed to be an impossible dream.

“This achievement is especially gratifying given the industry headwinds we faced last year,” says TrueCar founder and CEO Scott Painter, who spent a great deal of time traveling across the country to meet dealers, listen to their concerns and then reformulate the company’s dealer toolkit.  “We’ve emerged as a stronger, more viable company as a result.”

The path to 1 million vehicles included logging 400,000-plus sales so far in 2013, which means more than $31 billion has now been spent at TrueCar dealers through the years.  However, Painter is quick to point out that insights from U.S. dealers, the TrueCar Dealer Advisory Board and “extremely supportive investors” led to a 2013 turnaround plan that stressed fair (not necessarily lowest) prices for consumers.

“We built a new car-buying process that is smoother and faster for all parties involved and reduces the sales process by an average of 53 minutes,” says Painter.  “The kind of transparency TrueCar provides is a healthy next step for the industry, and will result in an improved relationship between dealers and consumers, leading to improved profitability.”

To mark the milestone sale, TrueCar paid off Davis’ new Sonata.

“I don’t believe it! This stuff doesn’t happen to me,” said Davis. “This was my second time using USAA to buy a car. I was happy because I saved $5,499 off MSRP and got a brand new car, but this is amazing!”

USAA is a diversified financial services group of companies and subsidiaries serving people and families that serve or served in the U.S. military. Along with insurance, banking, investments and financial planning, USAA also offers its 9.4 million members access to its Car Buying Service (powered by TrueCar) and auto financing, both of which Davis utilized to purchase her 2014 Hyundai Sonata.

*Based on average transaction price of a new vehicle sold in the U.S. as of November 2013.

 

About TrueCar Inc.

TRUECAR.COM LOGOTrueCar Inc., headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas, is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers.  As an online publisher of unbiased new and used car transaction data, TrueCar.com provides price reports that empower dealers and consumers to agree on the parameters of a fair deal by supplying a transparent, simple understanding of what others recently paid for similarly-equipped new cars in their geographic area.  TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry and has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets.

TrueCar is a data-driven company that sources, compiles, and analyzes car-buying information unlike anybody in the industry.  This is why, since its founding in 2005, TrueCar dealer partners have sold more than 1 million vehicles across the country.  Its national network of more than 6,600 Certified Dealers is committed to provide no-hassle pricing for some of the country’s largest membership and service organizations, including American Express, AAA, USAA and Consumer Reports that collectively represent more than one million monthly in-market customers.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


Latest Additions to SCVNews.com
College of the Canyons proudly welcomes composer/lyricist, conductor, pianist and music producer Georgia Stitt to the School of Visual & Performing Arts’ Virtual Industry Insight Series on Wednesday, March 10.
Broadway Maestra Georgia Stitt to Speak at COC’s Virtual Insight Series
Valencia-based Lundgren Management was honored to be selected by the El Camino Community College District as one of three firms providing on-going construction management services for the next five years.
Valencia-Based Lundgren Management Inks 5-Year Deal with El Camino Community College District
It’s not how far you go…it’s what happens along the way! The Incredible Chase, the city of Santa Clarita’s socially distanced take on the hit CBS show “The Amazing Race,” is a brand-new competition taking place in May 2021.
City Looking for Teams to Compete in ‘The Incredible Chase’
For a three-day period starting Tuesday, the William S. Hart Union High School District football players took their first COVID-19 tests as part of the requirements for them to begin full-contact play.
Hart District Football Players Begin COVID-19 Testing, Full-Contact Play
Ken Farley, W. M. Keck Foundation professor of Geochemistry, Division of Geological and Planetary Sciences and the project scientist for the Mars 2020 mission, continues the 2020–2021 Watson Lecture season with a talk about, “Perseverance on Mars," Wednesday, March 10, at 5:00 p.m., via Zoom.
Project Scientist for Mars Perseverance Continues Caltech’s Lecture Series
Los Angeles County Library is partnering with Los Angeles County Museum of Art (LACMA) to bring virtual arts programs to our communities, featuring LACMA teaching artists and staff.
L.A. County Library, LACMA Partner to Offer Virtual Arts Programs
Santa Clarita LLC, which owns the undeveloped 900-plus-acre Whittaker-Bermite site, recently filed for voluntary bankruptcy, and is working to sell it to a global industrial real estate company for possible commercial and residential development, officials said Wednesday.
Whittaker-Bermite Owner Files Bankruptcy, Selling Land
William S. Hart Union High School District governing board members Wednesday discussed a potential March 29 start date for junior high and high school in-person instruction, provided the number of L.A. County COVID-19 cases continues to decline.
Hart District Mulls Over Possible March 29 Return
The Santa Clarita Valley is now home to a new branch of the National Association for the Advancement of Colored People, following a recent vote from the association’s board of directors.
NAACP Branch Coming to Santa Clarita Valley
Because of the recent rainfall, Los Angeles County Health Officer, Muntu Davis, MD, MPH, is cautioning residents that bacteria, chemicals, debris, trash, and other public health hazards from city streets and mountain areas are likely to contaminate ocean waters at and around discharging storm drains, creeks, and rivers after a rainfall.
Water Advisory Issued for Los Angeles County Beaches
This week, State Superintendent of Public Instruction Tony Thurmond announced the kickoff for the “California Digital Divide Innovation Challenge,” a global competition that will award up to $1 million to the boldest, most revolutionary proposals to eliminate the digital divide and expand high-speed internet access to all Californians.
State Schools Chief Kicks Off ‘California Digital Divide Innovation Challenge’
1940 - NYC premiere of "The Marines Fly High" starring Lucille Ball, filmed in Placerita Canyon [story] Marines Fly High
Los Angeles County Public Health officials on Wednesday confirmed 116 new deaths and 1,759 new cases of COVID-19 countywide, as Henry Mayo Newhall Hospital in Valencia reported its 144th fatality since the pandemic began.
Wednesday COVID-19 Roundup: 144th Death at Henry Mayo; Decline in L.A. County Cases, Hospitalizations
Rancho Camulos National Historic Landmark officials will host a virtual presentation commemorating the March 12, 1928, St. Francis Dam Disaster via Zoom on Friday, March 12, starting at 4 p.m.
March 12: St. Francis Dam Disaster Commemoration Event, Free on Zoom
California State University, Northridge is launching an interdisciplinary master’s degree in sustainability, set to begin fall 2022.
CSUN to Offer an Interdisciplinary Master’s Degree in Sustainability
Princess Cruises is extending the pause of its United Kingdom-based cruise vacations, sailing roundtrip from Southampton, through September 25, 2021, on Sky Princess, Regal Princess, and Island Princess.
Princess Cruises Extends Pause of Southampton Sailings Through Sept. 25
After a relatively dry February in California, water supply managers grow increasingly anxious as each dry, sunny day plunges the state deeper into drought.
Dry February Exacerbates Drought in California
The Biden-Harris Administration has approved California’s request to use Medicaid (Medi-Cal in California) funding to pay for voluntary COVID-19 testing for low-income students covered by the program, further supporting schools in underserved communities to reopen for in-person instruction.
Feds OK Medi-Cal to Fund COVID-19 Testing for Low-Income Students
Santa Clarita planning commissioners Tuesday sent the Sand Canyon resort proposal back to the drawing board amid continued concerns, focusing largely on emergency evacuations.
Sand Canyon Resort Sent Back to Drawing Board Amid Various Concerns
Sam Horn, president of Master’s University and Seminary for the past year, will be stepping down from his position, university officials said Monday.
Master’s University President Sam Horn to Step Down After 1 Year
Moving around California three decades from now will be safer, cleaner, and simpler with more transportation options under a plan Caltrans unveiled Wednesday.
Caltrans Unveils Vision for Future of Transportation
1882 - George Campton's Newhall general store explodes [story]
general store
After receiving athletic protocol updates from the California Department of Public Health (CDPH), the Los Angeles Department of Public Health (LADPH) and California Interscholastic Federation (CIF), the William S. Hart Union High School District has put together a complete athletic program following all state and county guidelines.
Hart District Announces Outdoor Sports Practices, Competitions to Resume Immediately
The ability to transform data into information and insights that can elevate a business and influence decisions is at the core of the newest major being offered in California State University, Northridge’s David Nazarian College of Business and Economics.
CSUN Students Can Now Earn Degree in Business Analytics
%d bloggers like this: