INEOS Automotive Partners with TrueCar to Show Support to Military Members
TrueCar (NASDAQ: TRUE) announced a partnership with INEOS Automotive offering military members and their families exclusive $3,000 savings on the INEOS Grenadier 4x4 through TrueCar Military, PenFed Credit Union, and Navy Federal Credit Union car buying platforms. The offer can be combined with other manufacturer incentives and dealer pricing. TrueCar's car buying sites serve over 16 million military members and families, with more than 800,000 users visiting TrueCar Military in the past year. The Grenadier is designed as a rugged, purpose-built 4x4 combining off-road capability with modern driving refinement.
TrueCar (NASDAQ: TRUE) ha annunciato una collaborazione con INEOS Automotive per offrire ai membri delle forze armate e alle loro famiglie un esclusivo sconto di $3,000 sull'INEOS Grenadier 4x4 attraverso le piattaforme di acquisto auto TrueCar Military, PenFed Credit Union e Navy Federal Credit Union. L'offerta può essere combinata con altri incentivi dei produttori e con i prezzi dei concessionari. I siti di acquisto auto di TrueCar servono oltre 16 milioni di membri delle forze armate e famiglie, con più di 800,000 utenti che hanno visitato TrueCar Military nell'ultimo anno. Il Grenadier è progettato come un robusto 4x4 costruito appositamente per unire capacità fuoristrada e moderni comfort di guida.
TrueCar (NASDAQ: TRUE) anunció una asociación con INEOS Automotive para ofrecer a los miembros militares y sus familias un descuento exclusivo de $3,000 en el INEOS Grenadier 4x4 a través de las plataformas de compra de automóviles TrueCar Military, PenFed Credit Union y Navy Federal Credit Union. La oferta se puede combinar con otros incentivos de los fabricantes y precios de los concesionarios. Los sitios de compra de automóviles de TrueCar sirven a más de 16 millones de miembros militares y familias, con más de 800,000 usuarios que visitaron TrueCar Military en el último año. El Grenadier está diseñado como un 4x4 resistente, construido para combinar la capacidad todoterreno con el refinamiento moderno en la conducción.
TrueCar (NASDAQ: TRUE)는 INEOS Automotive와 파트너십을 체결하여 군인 및 그 가족에게 TrueCar Military, PenFed Credit Union, Navy Federal Credit Union의 자동차 구매 플랫폼을 통해 INEOS Grenadier 4x4에 대해 $3,000의 독점 할인을 제공합니다. 이 제안은 제조업체 인센티브 및 딜러 가격과 함께 사용할 수 있습니다. TrueCar의 자동차 구매 사이트는 1,600만 명 이상의 군인 및 가족에게 서비스를 제공하며, 지난 1년 동안 80만 이상의 사용자가 TrueCar Military를 방문했습니다. Grenadier는 오프로드 능력과 현대적 주행 편안함을 결합한 견고한 목적 전용 4x4로 설계되었습니다.
TrueCar (NASDAQ: TRUE) a annoncé un partenariat avec INEOS Automotive offrant aux membres militaires et à leurs familles des économies exclusives de $3,000 sur l'INEOS Grenadier 4x4 via les plateformes d'achat de voiture TrueCar Military, PenFed Credit Union et Navy Federal Credit Union. L'offre peut être combinée avec d'autres incitations des fabricants et des prix concessionnaires. Les sites d'achat de voitures de TrueCar servent plus de 16 millions de membres militaires et leurs familles, avec plus de 800,000 utilisateurs ayant visité TrueCar Military au cours de l'année écoulée. Le Grenadier est conçu comme un 4x4 robuste, spécialement construit pour allier capacité tout-terrain et confort de conduite moderne.
TrueCar (NASDAQ: TRUE) hat eine Partnerschaft mit INEOS Automotive bekannt gegeben, um Militärangehörigen und ihren Familien exklusive Ermäßigungen in Höhe von $3,000 für den INEOS Grenadier 4x4 über die Auto-Kaufplattformen TrueCar Military, PenFed Credit Union und Navy Federal Credit Union anzubieten. Das Angebot kann mit anderen Herstelleranreizen und Händlerpreisen kombiniert werden. Die Autokaufseiten von TrueCar bedienen über 16 Millionen Militärangehörige und Familien, wobei in den letzten 12 Monaten mehr als 800,000 Nutzer TrueCar Military besucht haben. Der Grenadier ist als robuster, speziell konstruierter 4x4 konzipiert, der Offroad-Fähigkeit mit modernem Fahrkomfort kombiniert.
- Partnership expands TrueCar's market reach to 16 million military members
- $3,000 exclusive savings offer can be combined with other incentives
- High user engagement with 800,000+ visitors to TrueCar Military site
- None.
Insights
The partnership between TrueCar and INEOS Automotive represents a modest revenue opportunity that's unlikely to significantly impact TrueCar's financial performance. While the
This deal strengthens TrueCar's position in the military market segment through partnerships with major credit unions, potentially driving incremental revenue through increased platform utilization. However, given TrueCar's market cap of
Military members and their families can get exclusive access to
This exclusive offer is available through TrueCar Military and through TrueCar's affinity programs with PenFed Credit Union and Navy Federal Credit Union. Combined, these TrueCar-powered car buying sites serve more than 16 million military members and their families, providing them access to special discounts on hundreds of different vehicles through an easy to use and secure online platform. In the last year alone, more than 800k users visited the TrueCar Military site.
The Grenadier was devised by Sir Jim Ratcliffe, who identified a gap in the market for a hard-working 4X4 that combined best-in-class off-road capability with modern on-road driving refinement for people who enjoy the experience and adventure of being behind the wheel.
"We are thrilled to announce our partnership with INEOS," said Jantoon Reigersman, CEO of TrueCar. "Similar to TrueCar, INEOS is an innovator that isn't afraid to disrupt norms to make progress. With the Grenadier, they bring to market a 4x4 that opens a world of possibilities for those with the adventurous spirit - a perfect match for many of our military members."
Both TrueCar, through its "DriventoDrive" disabled veteran vehicle giveaway and INEOS, through its "Walking with the Wounded" program, have long and dedicated histories of supporting military members and their families. This collaboration brings the aggressive off-road excitement of the new Grenadier with the seamless online shopping process powered by TrueCar.
"Our partnership with INEOS marks a significant step forward in our mission to support military members and families," said Reigersman. "By providing exclusive deals and savings through trusted financial institutions, we are empowering these heroes to make informed and affordable car-buying decisions."
Forward-Looking Statements
This press release contains forward-looking statements. All statements contained in this press release other than statements of historical fact are forward-looking statements, including statements regarding the expansion of our TrueCar+ offering, including the geographic expansion thereof and expansion through the addition of participating dealers and inventory as well as our ability to eliminate traditional complexities and uncertainties associated with car buying. These forward-looking statements are subject to a number of risks, uncertainties and assumptions that may prove incorrect, any of which could cause our results to differ materially from those expressed or implied by such forward-looking statements, and include, among others, those risks and uncertainties described under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission, or SEC, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 filed with the SEC and our quarterly report on Form 10-Q for the quarter ended June 30, 2024, to be filed with the SEC. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. All forward-looking statements in this press release are based on information available to our management as of the date of this press release and, except as required by law, management assumes no obligation to update those forward-looking statements, which speak only as of their respective dates.
About TrueCar
TrueCar is a leading automotive digital marketplace that lets auto buyers and sellers connect to our nationwide network of Certified Dealers. With access to an expansive inventory provided by our Certified Dealers, we are building the industry's most personalized and efficient auto shopping experience as we seek to bring more of the process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new, used, and Certified Pre-Owned vehicles. When they are ready, shoppers in TrueCar's marketplace can connect with a Certified Dealer in our network, who shares our belief that truth, transparency, and fairness are the foundation of a great auto shopping experience. As part of our marketplace, TrueCar powers auto-buying programs for over 250 leading brands, including Sam's Club and Navy Federal Credit Union.
For more information, please visit www.truecar.com, and follow us on LinkedIn, Facebook, or X.
About INEOS Grenadier
In 2017, INEOS Chairman Jim Ratcliffe, a car enthusiast and experienced adventurer, identified a gap in the market for an uncompromising 4X4 engineered for modern day compliance and reliability. INEOS Automotive Limited was formed and a senior team of automotive professionals assembled to bring the vision to reality with a fresh perspective of 4X4 development and manufacturing.
In 2022 the INEOS Grenadier was launched: a truly global 4X4 built from the ground up that combines rugged British spirit and design with German engineering rigour. The Grenadier provides best-in-class off-road capability, durability, and reliability with the modern comfort and refinement customers expect wherever they are in the world. In 2023 a double-cab pick-up variant of the Grenadier was launched called the Quartermaster.
INEOS Automotive is a subsidiary of INEOS (www.ineos.com), a leading manufacturer of petrochemicals, speciality chemicals and oil products. It employs 26,000 people across 36 businesses, with a production network spanning 194 sites in 29 countries. From paints to plastics, textiles to technology, medicines to mobile phones, materials manufactured by INEOS enhance almost every aspect of modern life. In 2021, INEOS had sales of
To find out more about Grenadier, visit www.ineosgrenadier.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/ineos-automotive-partners-with-truecar-to-show-support-to-military-members-302291736.html
SOURCE TrueCar
FAQ
What is the military discount offered by INEOS through TrueCar (TRUE)?
How many military members does TrueCar (TRUE) serve through its car buying platforms?
Can the TrueCar (TRUE) military discount be combined with other offers?
