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 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.
The SCV Chamber of Commerce announced their participation as a Neighborhood Champion during the 11th annual Small Business Saturday on Nov. 28, 2020, to help encourage residents to support small businesses.
Advantage Media Services, Inc. has partnered with the Val Verde Sheriff's Youth Activity League for the tenth year in a row to help give families in need a Thanksgiving meal through YAL's 'Adopt a Family' program.
The Los Angeles County Department of Public Health on Monday reported 8 new deaths and the county's highest-ever daily number of new confirmed cases of COVID-19 -- 6,124 since Sunday -- as unincorporated Canyon Country recorded its first COVID fatality over the weekend.
The city of Santa Clarita is calling for the Los Angeles County Department of Public Health to justify the new Health Officer Order update that bans outdoor dining for at least the next three weeks starting Wednesday.
Los Angeles County Supervisor Kathryn Barger will oppose the county Department of Public Health’s decision to prohibit outdoor dining and further restrictions including another "Safer at Home" order, she said in a statement Monday morning.
Los Angeles County Public Health Department officials on Sunday reported the county’s five-day average COVID-19 case rate had reached more than 4,000, prompting another tightening of pandemic safeguards and restrictions, including restricting dining at restaurants, breweries, wineries and bars.
Researchers who correctly forecasted the growth of COVID-19 infections over the summer issued a warning Monday that cases could nearly double by Inauguration Day, January 20, when presumptive President-elect Joe Biden is to be sworn into office.
To encourage safe travel during the Thanksgiving holiday, the California Highway Patrol will enact a Maximum Enforcement Period beginning at 6:01 p.m. on Wednesday, November 25, and continuing through 11:59 p.m. on Sunday, November 29.
The families of Gracie Muehlberger and Dominic Blackwell, the two students who died during the Saugus High School shooting filed wrongful death lawsuits Monday against the William S. Hart Union High School District.
City of Santa Clarita and Santa Clarita Valley Economic Development Corporation officials said Friday that 149 small businesses within the SCV have been approved to receive one-time COVID relief grants of up to $5,000 per business as reimbursement for COVID-related expenses.
Valencia, California-based Princess Cruises is extending its pause in global sailing operations in response to the U.S. Centers for Disease Control and Prevention “Framework for Conditional Sailing Order” pertaining to the resumption of U.S. cruise operations.
As the COVID-19 pandemic continues to worsen across the country, the Centers for Disease Control and Prevention on Thursday asked Americans to stay home for Thanksgiving and only celebrate with people they live with.
%d bloggers like this:
SCVTV Media Center
22505 14th Street Unit E
Santa Clarita, Calif. 91321