AutoNation Acquires Stake in TrueCar

By Staff Writer November 16, 2022

AutoNation purchased a 6.1% minority ownership stake in TrueCar Inc., an automotive digital marketplace that lets auto buyers and sellers connect to its nationwide network of certified dealers. AutoNation’s decision to invest in TrueCar signals the company’s continued commitment to emerging technologies. TrueCar provides an end-to-end, transparent and efficient way for consumers to navigate the car-buying journey.  

“We are excited by this announcement from AutoNation, America’s leading automotive retailer, as we see their commitment to a great customer experience as fully aligned with the values of TrueCar and our offerings,” said Mike Darrow, TrueCar’s president and chief executive officer.

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Last modified on Monday, 21 November 2022 12:51