STOCK TITAN

TrueCar+ Launches Accessories Menu

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On Oct. 21, 2022, TrueCar (NASDAQ: TRUE) announced the launch of an extensive accessories menu as part of its online car buying platform, TrueCar+, currently available in Florida. This menu boasts over 12,000 hardware parts, representing the largest multi-brand online offering in the automotive sector globally. TrueCar+ utilizes a VIN-specific fitment rules engine for precise accessory matching. The CEO, Mike Darrow, emphasized that this offering allows customization for buyers and presents dealers with additional margin opportunities.

Positive
  • Launch of accessories menu with over 12,000 hardware parts enhances customer options.
  • Largest multi-brand online offering in the automotive sector boosts market position.
  • TrueCar+ capabilities expansion indicates growth strategy and innovation.
Negative
  • None.

SANTA MONICA, Calif., Oct. 21, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, has launched an expansive accessories menu as part of TrueCar+, the company's online car buying platform that is currently live in Florida. The accessories menu features more than 12,000 hardware parts for car buyers to choose from, which is believed to be the largest multi-brand online offering in any automotive online marketplace worldwide.

"Accessories are another way of customizing the online vehicle purchase to each individual buyer, while offering additional margin opportunities to dealers," said Mike Darrow, President and CEO at TrueCar. "We're continuing to expand TrueCar+ capabilities with this latest offering and delivering to consumers the tools needed to purchase a vehicle online."

TrueCar+ employs a VIN-specific fitment rules engine to match up the right accessories with any vehicle in inventory. On the site, each accessory part is described in detail with photos and optional animations and videos. Accessories selected can be included in the lease and finance calculation subject to individual lender rules.

This proprietary functionality stems from TrueCar's recent acquisition of Digital Motors.

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 AARP, Sam's Club, Navy Federal Credit Union and American Express.

For more information, please visit www.truecar.com, and follow us on LinkedInFacebook or Twitter. TrueCar media email: pr@truecar.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/truecar-launches-accessories-menu-301656325.html

SOURCE TrueCar.com

FAQ

What is the significance of TrueCar's accessories menu launch on Oct. 21, 2022?

TrueCar launched an accessories menu featuring over 12,000 parts, enhancing customization options and dealer margins.

How does TrueCar+ enhance the online car buying experience?

TrueCar+ employs a VIN-specific fitment rules engine for accurate accessory matches, improving user experience.

Where is TrueCar+ currently available?

TrueCar+ is currently live in Florida.

What is the total number of accessories available in TrueCar's new menu?

The accessories menu includes more than 12,000 hardware parts.

What does the expansion of TrueCar+ capabilities mean for the company?

It indicates a growth strategy and focus on innovation in the online automotive marketplace.

TrueCar, Inc.

NASDAQ:TRUE

TRUE Rankings

TRUE Latest News

TRUE Stock Data

363.92M
76.38M
10.2%
81.33%
0.96%
Internet Content & Information
Services-computer Programming, Data Processing, Etc.
Link
United States of America
SANTA MONICA