SANTA MONICA, Calif. and BOSTON, Dec. 7,
2018 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), and
DealerScience, LLC announced today that TrueCar has acquired
DealerScience, the automotive retail industry's leading provider of
advanced digital retailing software tools.
DealerScience will operate as a subsidiary of TrueCar, focused
on product development, sales and customer training. Dealer
customers of TrueCar and DealerScience can expect to see
improvements that enable them to expedite vehicle desking,
calculate accurate monthly payments and streamline the consumer
experience from shopping to showroom.
"Consumers expect to be able to configure more elements of their
car deal online and they want greater transparency and validation
of the elements of their car deal," said Chip Perry, TrueCar's president and chief
executive officer. "We believe that dealers that place
DealerScience's state-of-the-art digital retailing tools on their
own websites, in their showroom and within TrueCar's marketplace
will be well positioned to generate strong growth and
profitability."
"I am excited to see DealerScience join forces with TrueCar,"
said Andrew Gordon, DealerScience's
founder. "Our two companies share a common passion for helping both
consumers and dealers leverage technology through strong product
innovation and customer service. Together, we are intent on
ensuring that customers of both DealerScience and TrueCar continue
to benefit from the expertise and pace of innovation that they have
come to depend on and trust. We also expect to provide to both
companies' dealers improved data products and services enabled by
the combination of TrueCar and DealerScience."
"Today, many dealers are embracing digital retailing and it is
clearly a wave of the future," said Perry. "We believe that it
is important as a third-party provider to enable dealers to
participate in this trend in a way in which they maintain control
of the timing and content of F & I offers and products provided
to their customers through digital retailing tools."
DealerScience will maintain its team, led by Gordon, who will
assume a new role as VP of Digital Retailing at TrueCar.
DealerScience's headquarters will remain in Boston.
About TrueCar
TrueCar, Inc. (NASDAQ:TRUE) is a
digital automotive marketplace that provides comprehensive pricing
transparency about what other people paid for their cars and
enables consumers to engage with TrueCar Certified Dealers who are
committed to providing a superior purchase
experience. TrueCar operates its own branded site and its
nationwide network of more than 16,000 Certified Dealers also
powers car-buying programs for some of the largest U.S. membership
and service organizations, including USAA, AARP, American
Express, AAA and Sam's Club. Over one half of all new car
buyers engage with the TrueCar network during their
purchasing process. TrueCar is headquartered
in Santa Monica, California,
with offices in San Francisco and Austin, Texas. For more information, please
visit www.truecar.com, and follow us on Facebook,
Instagram, Twitter and get updates on our blog.
TrueCar media line: +1-844-469-8442 (US toll-free) | Email:
pressinquiries@truecar.com
About DealerScience
DealerScience, LLC is the leading
provider of digital retailing software tools to the automotive
industry, enabling dealers to desk deals, create website specials
and respond to customer inquiries faster, easier and more
accurately. Founded in 2011 by a third-generation dealer,
DealerScience's software solutions automate high-impact,
high-effort tasks and are available to car dealerships across the
United States. DealerScience is headquartered in Boston, Massachusetts and currently has 28
employees.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/truecar-acquires-dealerscience-300761873.html
SOURCE TrueCar, Inc.