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AUTOMOTIVE INTELLIGENCE COVERING NEW CAR PRICES, BEST CAR DEALS AND MORE

February, 2013

PRESENTS

TrueTrends™

Table of Contents

1February 15, 2013 - TrueTrends™ by TrueCar.com™ - © 2013 TrueCar.com, Inc.

TrueCar.com’s Price Flex Score7The TrueCar.com Price Flex Score measures the elasticity of transaction price by model. The Price Flex Score calculation dynami-cally incorporates the factors that affect price variance including the model’s transaction price range, current inventory and sales data. A vehicle experiencing extremely low inventory and a small range of transaction prices will have a low Price Flex Score. Don’t expect much of a discount from the TrueCar.com average transaction price on a vehicle with a low Price Flex Score. If a vehicle has a high Price Flex Score, however, you have the potential to strike a deal significantly below (or above, if you’re not careful!) the TrueCar.com average transaction price.

Performance Scorecards

2

The TrueCar.com Scorecard measures the overall performance of a brand or manufacturer based on pricing, sales, incentives, customer loyalty, market share, and inventory turn data.

Greatest Discounts9

10

Featuring the highest discounts on 2013 models. Large Trucks, Large Cars and Vans offer the greatest discounts at an average below MSRP of 7.5% or more. The top 2013 brands with the biggest discounts are Suzuki, Ram, GMC, Ford, and Chrysler. The overall industry discount is 6.4%.

Largest Total Incentives for February

11

This month, the 2012 Toyota Tundra has the largest total incentives with $8,000 in incentives.

For each body type, TrueCar.com.com tracks the average transaction price for each trim and lists the vehicles with the greatest drop in price month over month. This month’s greatest drop in price is in the Luxury Sport Car segment, with a $1,935 difference from last month on the 2013 Infiniti G37 Coupe.

Shortest and Longest Days in Inventory12Vans, Large SUVs, and Large Trucks are where the best potential inventory-based discounts will be seen. On average, Vans are staying in inventory for 83 days and Large SUVs and Large Trucks are on-lot for 78 and 68 days respectively. The average days in inventory is 53 days. Luxury SUVs have an average inventory stay of 39 days, Subcompact Cars for 46 days, and Midsize Cars at 47 days.

Model Year Share13Model Year Share shows the percentage of 2012, and 2013 model year vehicles that have been sold within the last month. The makes with the highest percentage of 2012 Model Year Share are Ram, Scion, Jaguar, Buick, and FIAT. Model year 2013 vehicles make up the majority of the market this month at 81.4%.

4

TrueMPG™The goal of TrueMPG™ is to measure the actual miles per gallon of all vehicles sold in a given month. Calculations start at the trim level, taking into account EPA fuel economy data that includes engine size and drivetrain factors that affect a vehicle’s MPG ratings. TrueMPG™ aims to illustrate the actual MPG’s of each brand, manufacturer and vehicle segments to give consumers, media, and the industry a better understanding of fuel efficiency. To ascertain TrueMPG™, TrueCar.com utilizes the EPA’s average fuel economy rating using 45 percent highway and 55 percent city driving behavior. The overall industry MPG is 23.4 for January 2013.

Greatest Price Drop Month over Month

smart

Fiat

MINI

Volkswagen

Hyundai

Scion

Mazda

Honda

Kia

Mitsubishi

Subaru

Nissan

Toyota

Suzuki

Lexus

Ford

BMW

Buick

Audi

Acura

Chrysler

Volvo

Dodge

Chevrolet

Mercedes-Benz

Lincoln

Porsche

Infiniti

Cadillac

35.7

31.9

29.7

27.5

27.2

27.1

26.6

26.5

26.3

26.1

25.5

25.6

24.6

23.9

23.3

22.9

21.6

22.5

22.3

22.0

22.0

21.8

22.2

21.9

21.2

19.5

20.6

19.6

19.7

35.7

31.9

29.8

27.7

27.6

27.4

26.8

26.5

26.0

25.5

25.4

24.9

24.4

23.7

22.9

22.6

22.5

22.4

22.3

21.7

21.7

21.6

21.3

21.2

20.9

19.7

19.7

19.6

19.3

35.7

32.2

29.8

27.4

27.4

26.8

25.6

26.0

26.1

24.7

25.0

24.1

24.9

23.5

22.3

21.8

20.9

22.7

22.2

21.0

21.7

20.9

20.5

21.8

20.4

20.1

19.8

19.9

18.8

0.0

-0.3

-0.1

0.1

-0.2

0.3

1.0

0.5

0.3

1.4

0.5

1.6

-0.2

0.3

1.0

1.1

0.7

-0.2

0.1

1.0

0.3

0.9

1.7

0.1

0.8

-0.6

0.8

-0.3

0.9

0.0

0.1

-0.1

-0.3

-0.3

-0.3

-0.2

0.0

0.3

0.5

0.1

0.7

0.3

0.2

0.4

0.3

-0.8

0.1

0.0

0.3

0.3

0.2

0.9

0.7

0.3

-0.2

0.9

0.0

0.4

Brand January, 2013 December, 2012 January, 2012 Change YoY Change MoM


TrueMPG™

TrueMPG™ by Brand

Jeep

Jaguar

GMC

Ram

Land Rover

Industry

19.6

18.7

19.3

16.9

16.9

23.4

19.2

19.0

18.9

15.8

15.2

23.0

19.1

18.0

18.9

15.8

15.3

22.9

0.5

0.8

0.3

1.1

1.5

0.5

0.4

-0.3

0.4

1.1

1.6

0.4

Brand January, 2013 December, 2012 January, 2012 Change YoY Change MoM

TrueMPG™ ( Continued... )


TrueMPG™ January 2013 by Manufacturer

N/A

21.1

N/A

22.9

22.5

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

19.2

N/A

N/A

21.7

LargeCar

N/A

18.1

N/A

15.6

18.1

N/A

N/A

N/A

18.8

N/A

14.8

N/A

N/A

N/A

14.7

N/A

N/A

17.6

LargeSUV

N/A

16.9

N/A

17.4

17.1

17.5

N/A

N/A

N/A

N/A

14.3

N/A

N/A

N/A

15.6

N/A

N/A

17.0

LargeTruck

23.9

N/A

23.0

21.3

21.2

25.3

21.0

18.8

N/A

N/A

20.7

19.9

N/A

N/A

25.7

23.7

21.1

23.3

LuxuryCar

17.8

N/A

20.5

N/A

19.2

N/A

N/A

18.0

N/A

N/A

21.1

22.7

N/A

N/A

21.1

21.8

23.8

21.1

LuxurySport Car

20.4

N/A

18.6

18.8

18.1

19.9

N/A

16.9

N/A

N/A

18.5

19.3

N/A

N/A

20.2

21.3

20.6

19.2

LuxurySUV

N/A

24.0

N/A

30.9

26.3

28.9

27.5

N/A

23.2

24.3

28.9

N/A

25.7

25.1

28.5

29.7

N/A

27.8

MidsizeCar

N/A

19.1

N/A

21.8

23.8

23.3

22.9

N/A

N/A

N/A

21.1

N/A

17.9

N/A

20.8

20.9

N/A

21.7

MidsizeSUV

N/A

19.9

N/A

N/A

N/A

21.4

20.6

N/A

23.8

N/A

21.0

N/A

N/A

N/A

20.2

19.9

N/A

20.6

Minivan

N/A

31.3

N/A

33.1

29.2

31.4

30.9

N/A

30.6

24.8

33.4

N/A

27.3

N/A

34.1

28.2

N/A

31.4

SmallCar

28.3

22.6

N/A

25.5

28.1

N/A

23.7

N/A

27.7

25.9

28.3

N/A

23.2

20.9

N/A

23.6

N/A

24.7

SmallSUV

N/A

N/A

N/A

N/A

19.5

N/A

N/A

N/A

N/A

N/A

16.8

N/A

N/A

17.1

18.5

N/A

N/A

18.2

SmallTruck

30.7

19.3

N/A

21.2

20.4

N/A

26.0

N/A

23.7

21.2

20.7

N/A

25.7

N/A

28.4

24.5

N/A

22.6

SportCar

N/A

31.9

35.7

33.1

30.9

29.6

28.6

N/A

30.4

60.0

N/A

N/A

N/A

26.2

29.7

24.6

N/A

29.8

SubcompactCar

TrueMPG™ by Brand ( Continued... )

BMW

Chrysler

Daimler

Ford

GM

Honda

Hyundai

Jaguar

Mazda

Mitsubishi

Nissan

Porsche

Subaru

Suzuki

Toyota

Volkswagen

Volvo

Industry

POWERED BY


Brand Performance Scorecard

Discount Percentage


Scion

Porsche

Toyota

Kia

Land Rover

Hyundai

Subaru

Audi

Ford

Mercedes-Benz

MINI

Chevrolet

Honda

Mazda

BMW

Nissan

Jeep

A+

A+

A

A

A

A-

A-

A-

B+

B+

B+

B

B

B

B

B-

B-

Brand GradeDiscount

PercentagePrice

VariationCustomer

LoyaltyRetail

Sales Change

TrueCar.com Price

Trending

Incentives/Price

Market Share Change

Days inInventory

Transaction price over MSRP for the last 30 days. The lower the discount the higher the grade.

GradeOverall performance grade compared to the other brands or manufacturers.

Price VariationStandard deviation of transaction price over MSRP over the last 30 days. The lower the variation the higher the grade.

Customer LoyaltyPercentage of new-vehicle buyers who are replacing their current car or truck with the same brand. The higher the loyalty percentage the higher the grade.

Retail Sales ChangeA weighted, year to date comparison of change in retail sales per brand or manufacturer. The higher the change percentage the higher the grade.

TrueCar.com Price TrendingAverage price of vehicles published on TrueCar.com.com (normalized by MSRP). It is based on the change of this month’s average TrueCar.com Price/MSRP relative to the average TrueCar.com Price/MSRP over the last twelve months. The lower the change the higher the grade.

Incentives/PriceA measurement of incentives per unit over transaction price. The lower the ratio the better the grade.

Market Share ChangeA weighted, year to date calculation of a brand or manufacturer’s U.S. market share. The higher the change the better the grade.

YEAR OVER YEAR COMPARISONS LOOK AT January 2012 OVER January 2011.

Days in InventoryAverage number of days to sell a vehicle once it reaches a dealership lot. The lower the number of days, the higher the score.

Chg

Strong WeakGrade Change Since Last Year

POWERED BY



Brand Performance Scorecard ( Continued... )

Brand DiscountPercentage

PriceVariation

CustomerLoyalty

Retail Sales Change

TrueCar.com Price

Trending

Incentives/Price

Market Share Change

Days inInventory

Lexus

Mitsubishi

Volkswagen

Buick

Acura

Dodge

FIAT

Jaguar

Cadillac

Volvo

Suzuki

GMC

Infiniti

smart

Chrysler

Lincoln

Ram

B-

B-

C+

C+

C+

C

C

C

C-

C-

C-

D+

D+

D+

D

D

D-

Grade Chg

Strong WeakGrade Change Since Last Month

POWERED BY

Manufacturer Performance Scorecard

Porsche

Toyota

Subaru

Daimler

Hyundai

Jaguar

Ford

Honda

Mazda

BMW

Nissan

Volkswagen

GM

Mitsubishi

Chrysler

Suzuki

Volvo

Manufacturer DiscountPercentage

PriceVariation

CustomerLoyalty

Retail Sales Change

TrueCar.comPrice

TrendingIncentives/

PriceMarket

Share ChangeDays in

Inventory


Manufacturer Performance Scorecard

A+

A

A

A-

B+

B

B

B

B-

B-

C+

C+

C

C

C-

D+

D

Grade Chg

Strong WeakGrade Change Since Last Month


Least and Most Flexible 2013 Vehicles ( by Vehicle Category )

Least Flexible 2013 Models Most Flexible 2013 Models

Price Flex Scores for 2013

Chevrolet Impala (Score: 31)

GMC Yukon Hybrid (Score: 19)

Cadillac Escalade EXT (Score: 36)

Lexus LS 600h L (Score: 1)

Lincoln Navigator (Score: 3)

Audi A7 (Score: 1)

Toyota Camry (Score: 10)

Buick Enclave (Score: 8)

Mazda MAZDA5 (Score: 6)

Mitsubishi Lancer Sportback (Score: 2)

Mazda CX-5 (Score: 4)

Toyota Tacoma (Score: 50)

Scion FR-S (Score: 1)

Toyota Yaris (Score: 3)

GMC Savana Passenger (Score: 2)

Large Car

Large SUV

Large Truck

Luxury Car

Luxury SUV

Luxury Sport Car

Midsize Car

Midsize SUV

Minivan

Small Car

Small SUV

Small Truck

Sport Car

Subcompact Car

Van

Ford Flex (Score: 97)

Chevrolet Tahoe (Score: 98)

Ford Super Duty F-250 SRW (Score: 100)

Mercedes-Benz C-Class (Score: 90)

Mercedes-Benz M-Class (Score: 94)

Chevrolet Corvette (Score: 100)

Suzuki Kizashi (Score: 95)

Nissan Murano (Score: 89)

Dodge Grand Caravan (Score: 98)

Chevrolet Cruze (Score: 94)

Volkswagen Tiguan (Score: 84)

Toyota Tacoma (Score: 50)

Ford Mustang (Score: 100)

FIAT 500 (Score: 91)

Chevrolet Express Cargo Van (Score: 85)

Vehicle Category Least Flexible Most Flexible

Score Make Model

Audi

Lexus

Scion

GMC

Mitsubishi

Volkswagen

Ford

Lincoln

Toyota

Infiniti

A7

LS 600h L

FR-S

Savana Passenger

Lancer Sportback

Golf R

Transit Connect

Navigator

Yaris

FX37

1

1

1

2

2

2

3

3

3

4

Score Make Model

Chevrolet

Ford

Dodge

Suzuki

Ram

Mercedes-Benz

Infiniti

Buick

Toyota

FIAT

Corvette

Mustang

Grand Caravan

Kizashi

1500

M-Class

EX37

Regal

Tundra 2WD Truck

500

100

100

98

95

95

94

93

92

91

91

Below are the highest and lowest Price Flex Scores for 2013 models. Scores range from 1 to 100. A score of 1 is the lowest Price Flex Score, which indicates little or no negotiating power. A score of 100 is the highest Price Flex Score, meaning there is a big range of transaction prices for that model.

ONLY ONE MODEL PER MAKE WAS SELECTED FOR THE LEAST AND MOST FLEXIBLE MODELS.


Greatest Discounts

The greatest percent below MSRP helps identify the biggest consumer discounts of the month. Below, TrueCar.com ranks 2013 vehicles with average transaction prices that comprise the greatest percent off the make or model’s average MSRP. One make selected for each top discount below.

Suzuki

Ram

GMC

Chrysler

Ford

Makes with the Greatest Discount Trends on 2012 Vehicles

DISCOUNTS ARE BASED ON A PERCENTAGE

BELOW MSRP (STICKER PRICE).

October November December January

13%

15%

17%

19%

11%

5%

7%

9%

POWERED BY

Top Discounts for 2013 Makes

Rank Make % Below MSRP

Top Discounts for 2013 Models

1

2

3

4

5

Suzuki SX4

Suzuki Kizashi

Suzuki Grand Vitara

GMC Sierra 1500

Ford Econoline Cargo Van

19.9%

17.5%

16.9%

13.8%

13.6%

% Below MSRPMakeRank

1

2

3

4

5

Suzuki

Ram

GMC

Ford

Chrysler

18.8%

9.0%

8.9%

8.8%

8.8%


Greatest Discounts ( Continued... )

Largest Total Incentives for February

The greatest percent below MSRP helps identify the biggest consumer discounts of the month. Below, TrueCar.com ranks 2013 vehicles with average transaction prices that comprise the greatest percent off the make or model’s average MSRP.

Rank Make / Model

2012 Toyota Tundra 2WD Truck

2012 BMW 7 Series Hybrid

2012 Nissan Armada

2012 Volkswagen Routan

2012 Nissan Titan

Customer Cash Rebate

$4,500

$7,500

$7,000

$0

$5,850

Dealer Cash

$3,500

$0

$0

$6,500

$0

1

2

3

4

5

Models with Largest Total Incentives

This table shows the highest incentive for each brand ranked. Generally, incentives are active throughout the month in which TrueTrends by TrueCar.com is released. Though active at the time of the report’s release, incentives are subject to change without notice. Check for updates on the TrueCar.com price report for each model and with your dealer.

Top Discounts ( by Vehicle Category )

Large Truck

Large Car

Van

Minivan

Large SUV

Luxury Sport Car

Midsize Car

Luxury Car

Small SUV

Luxury SUV

Small Car

Midsize SUV

Sport Car

Small Truck

Subcompact Car

11.5%

8.4%

7.5%

6.9%

6.7%

6.6%

6.6%

6.4%

6.2%

5.1%

5.0%

5.0%

4.0%

3.8%

3.3%

Vehicle Category Average % Below MSRP

% OFF INDICATES THE AVERAGE DISCOUNT FROM MSRP. Large trucks, Large Cars and Vans offer the greatest discounts at an average below MSRP of 7.5% or more. Subcompact cars have the smallest discounts at 3.3%. The overall iscount from MSRP for all segments is 6.4%

2013 Top Discounts ( by Vehicle Category )

Suzuki SX4

Suzuki Kizashi

Suzuki Grand Vitara

GMC Sierra 1500

Ford Econoline Cargo Van

Infiniti G37 Coupe

Ford Taurus

Nissan Armada

Ford Focus

Mercedes-Benz S-Class

Lincoln MKX

Ford Edge

Chrysler Town & Country

Ford Mustang

Toyota Tacoma

Subcompact Car

Midsize Car

Small SUV

Large Truck

Van

Luxury Sport Car

Large Car

Large SUV

Small Car

Luxury Car

Luxury SUV

Midsize SUV

Minivan

Sport Car

Small Truck

19.9%

17.5%

16.9%

13.8%

13.6%

13.0%

11.6%

10.3%

9.5%

9.4%

8.9%

8.9%

7.9%

6.2%

3.1%

Vehicle Category Model % Below MSRP


Top Vehicles ( by Vehicle Category )

Top Vehicles ( Overall *excludes vans)

Greatest Price Drop Month Over Month

2013 Infiniti G37 Coupe

2013 Ford C-Max Energi

2012 Cadillac SRX

2013 Suzuki Grand Vitara

2012 Cadillac CTS Sedan

2013 Ford Expedition

2012 Toyota Tacoma

2013 Ford Econoline Cargo Van

2013 Nissan 370Z

2012 Mazda MAZDA5

2013 Buick Enclave

2012 Mazda MAZDA2

2013 GMC Sierra 1500

2013 Toyota Yaris

2013 Mazda MAZDA6

Luxury Sport Car

Small Car

Luxury SUV

Small SUV

Luxury Car

Large SUV

Small Truck

Van

Sport Car

Large Car

Midsize SUV

Minivan

Large Truck

Subcompact Car

Midsize Car

($1,935)

($1,357)

($1,354)

($1,038)

($1,018)

($838)

($743)

($695)

($635)

($617)

($577)

($575)

($359)

($344)

($299)

Vehicle Category Year / Make / Model $ Drop From Last Month

2013 Infiniti G37 Coupe

2013 Ford C-Max Energi

2012 Cadillac SRX

2013 Porsche Boxster

2012 Chevrolet Corvette

1

2

3

4

5

($1,935)

($1,357)

($1,354)

($1,295)

($1,248)

Rank Year / Make / Model $ Drop From Last Month

For each body type, TrueCar.com tracks the average transaction price for each trim and lists vehicles with the greatest drop in price month over month. TrueCar.com also ranks the trims for unique makes with the overall greatest drop in price from January 12th, 2013 to February 10th, 2013.


Shortest to Longest Days in Inventory ( by Vehicle Category )

February’s Shortest and Longest Days in Inventory

Luxury SUV

Subcompact Car

Midsize Car

Small SUV

Midsize SUV

Luxury Sport Car

Small Car

Luxury Car

Sport Car

Small Truck

Large Car

Minivan

Large Truck

Large SUV

Van

39 Days

46 Days

47 Days

48 Days

50 Days

51 Days

52 Days

53 Days

53 Days

59 Days

60 Days

63 Days

68 Days

78 Days

83 Days

1

2

3

4

5

5

7

8

9

10

11

12

13

14

15

Rank Vehicle Catgegory Average Days in Inventory

TrueCar.com ranks the vehicles that spend, on average, the shortest and longest days on the lot before they sell. We rank by both overall shortest / longest days in inventory and by category. Vehicles that spend little time in inventory are typically in high demand, while vehicles that spend an extended time in inventory are in low demand.

February, 2012 - 49 Days

January, 2012 - 59 Days

February, 2013 - 53 Days

Shortest & Longest Days in Inventory

Industry Wide Average Days in Inventory

2013 Vehicles: Shortest Days in Inventory

Rank Model / Year Days in Inventory

Buick Encore

Toyota RAV4

Audi A7

Land Rover Range Rover

Mazda MAZDA2

Subaru XV Crosstrek

Toyota Camry

Lincoln MKT

Honda CR-Z

Mercedes-Benz G-Class

4 Days

5 Days

7 Days

8 Days

10 Days

11 Days

11 Days

11 Days

11 Days

12 Days

1

2

3

4

5

6

6

6

6

10

2013 Vehicles: Longest Days in InventoryRank Model / Year Days in Inventory

1

2

3

4

5

6

7

8

9

10

Mazda MAZDA6

Infiniti M37

Lincoln MKS

Acura ILX

Volkswagen Touareg

Volkswagen CC

Cadillac CTS Sedan

Chevrolet Express Cargo Van

Chevrolet Malibu

Infiniti G37 Convertible

162 Days

111 Days

108 Days

107 Days

102 Days

100 Days

97 Days

96 Days

92 Days

90 Days


February’s Shortest and Longest Days in Inventory ( Continued... )

Highest Percentage of 2012 Vehicles Sold

Highest Percentage of 2013 Vehicles Sold

Model Year Share

Rank % of Sales

Ram

Scion

Jaguar

Buick

FIAT

64.5%

45.3%

39.0%

36.4%

36.0%

1

2

3

4

5

Rank % of Sales

smart

Subaru

Mercedes-Benz

Audi

BMW

100%

99.2%

98.3%

97.3%

97.1%

1

2

3

4

5

Model Year Share shows the percentage share of 2012, and 2013 model year vehicles sold within the last month versus vehicles of any other model year sold. Generally, the higher the model year share value, the higher the discount a consumer can expect to receive on that given model. It also reflects that dealers are more likely to cut deals on a 2012. At this time of year, many brand’s model year mix are predominantly comprised of 2013’s.

2012 Vehicles: Shortest Days in Inventory 2012 Vehicles: Longest Days in Inventory


Cadillac CTS Coupe

Suzuki Equator

Toyota Prius c

Toyota RAV4

MINI Cooper Countryman

Toyota Camry

Kia Optima

Hyundai Sonata

Toyota Camry Hybrid

Nissan LEAF

15 Days

26 Days

39 Days

44 Days

75 Days

75 Days

78 Days

78 Days

79 Days

82 Days

1

2

3

4

5

5

7

7

9

10


Chevrolet Corvette

Jeep Patriot

Mitsubishi Outlander

Nissan Altima

BMW 3 Series

Dodge Charger

GMC Yukon

Buick LaCrosse

Toyota Tundra 2WD Truck

Jeep Wrangler

311 Days

284 Days

241 Days

238 Days

233 Days

228 Days

225 Days

225 Days

225 Days

222 Days

1

2

3

4

5

6

7

7

7

10

Make

Make

POWERED BY

2012’s make up 18.6% of total sales, and 2013 vehicles make up 81.4%.

2012 Vehicles

2013 Vehicles

18.6%

Percent Industry Share of Model Year Vehicles

81.4%

About UsTrueCar, Inc. is an automotive solutions provider focused on changing how cars are sold by providing a signifi-cantly better customer experience while helping qualified dealer partners to gain incremental market share and reduce costs. TrueCar is a visual publisher of new car transaction data. TrueCar price reports help both dealers and consumers to agree on the parameters of a fair deal by providing an accurate, comprehensive and simple understanding of what others actually paid recently for a similar car both locally and nationally. TrueCar workswith a national network of dealers that provide up-front, no-haggle, competitive pricing to assist some of the nation’s largest and most well respected membership and service organizations to meet the auto buying needs of their members and customers. Collectively these audiences represent over 1M in-market customers each month. TrueCar is headquartered in Santa Monica, CA and has offices in San Francisco, CA and Austin, TX. With 131 percent annual growth since 2006, TrueCar has

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helped dealers sell over 400,000 vehicles and is develop-ing a suite of products and services centered on radical clarity as a result of comprehensively analyzing market data and information.the nation’s largest and most well respected membership and service organizations to meet the auto buying needs of their members and customers. These partnerships include American Express, AAA, USAA and more than 60 others. Collectively these audiences represent over 1M in-market customers each month. TrueCar.com, Inc. is headquartered in Santa Monica, CA and has offices in San Francisco. The company was founded in 2005 and has been profitable since 2009. With nearly 200 percent year-over-year growth TrueCar.com has driven over 300,000 sales and is developing a suite of transaction oriented products and services centered on transparency and radical clarity as a result of comprehensivelyanalyzing market data and information.

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