Scott Painter

Software systems cut wait times -- if they talk

12:01 am U.S. ET | June 16, 2014
Software vendors are helping dealers in the quest for faster vehicle transactions when they are not tripping over each other....
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Newly public TrueCar tests trade-in program

12:01 am U.S. ET | May 19, 2014
With a strong balance sheet and $70 million raised in last week's initial public offering, TrueCar has cash to develop new products, including an online vehicle trade-in service being tested by USAA members....
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TrueCar shares rise 12% after IPO nets less than forecast

10:05 am U.S. ET | May 16, 2014
Shares of TrueCar climbed 12 percent in their market debut today, after the online car-shopping site raised less than expected in its initial public offering....
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TrueCar expects IPO price of $12-$14 per share

8:55 am U.S. ET | May 5, 2014
TrueCar may be valued at about $1 billion if its initial public offering is priced at the top end of the expected range....
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Krafcik driving TrueCar now

12:01 am U.S. ET | May 5, 2014
TrueCar, the online shopping site, last week hired former Hyundai boss John Krafcik to guide its growth as a public company....
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Former Hyundai chief Krafcik named president of TrueCar

3:00 pm U.S. ET | May 1, 2014
John Krafcik, the former CEO of Hyundai Motor America, has been named president of online shopping site TrueCar. Krafcik and TrueCar founder Scott Painter disclosed the hiring in an interview with Automotive News today....
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Digital marketing vendors attract capital

12:01 am U.S. ET | Dec. 23, 2013
Three vendors that assist auto dealers with digital marketing got cash infusions this month or were acquired....
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TrueCar said to consider IPO in 2014

6:52 am U.S. ET | Nov. 25, 2013
TrueCar is considering selling shares in an initial public offering in the first half of 2014, two people with knowledge of the matter said....
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TrueCar dumps dealership that failed financing goals

12:01 am U.S. ET | Oct. 27, 2013
TrueCar dropped Honda of Annapolis from its network of participating dealerships after the store failed to finance enough vehicle sales through USAA, a TrueCar partner....
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CEO: TrueCar growing, dealership profits are up

12:01 am U.S. ET | Oct. 27, 2013
TrueCar expects participating dealerships to sell 400,000 vehicles this year from the shopping site, up 60 percent from the 2012 total, CEO Scott Painter said last week....
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TrueCar CEO stays focused as controversy swirls

2:03 pm U.S. ET | Sept. 23, 2013
After the trouble TrueCar endured in 2012, CEO Scott Painter said the Federal Trade Commission probe of some dealers who opposed the online car-shopping site is a minor speed bump -- and may be a net gain for the company....
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Dealers, groups defend dumping TrueCar

12:01 am U.S. ET | Sept. 23, 2013
Dealers and trade associations questioned as part of a federal probe into whether there was a conspiracy to force TrueCar to change its price-slashing business model insist they were justified in cutting ties with the shopping site last year. The Federal Trade Commission is attempting to determine if companies in the "retail automobile industry" violated competition laws....
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A fine line: Carping or collusion?

12:01 am U.S. ET | Sept. 16, 2013
Dealers who dropped the TrueCar.com shopping site last year may have left themselves open to charges of anticompetitive collusion to increase vehicle transaction prices....
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LETTER TO THE EDITOR

Is TrueCar a good value for dealers?

12:01 am U.S. ET | Sept. 9, 2013
Regarding "TrueCar riles dealers with new policy" (Sept. 2): I don't know how a dealer would find TrueCar.com a good value at $299-$399 a vehicle, with vehicle margins where they are and companies such as TrueCar creating a climate of price cutting by the very nature of what they do....
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TrueCar riles dealers with new policy

12:01 am U.S. ET | Sept. 2, 2013
TrueCar is irking some dealers again, this time by demanding payment for all vehicles sold to customers who downloaded TrueCar-sponsored price offers. The online shopping site had excused some payments if dealers said they had found the shoppers before the shoppers downloaded TrueCar offers. But starting Sunday, Sept. 1, TrueCar planned to implement the stricter payment policy nationally....
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