October 23, 2017 - Industry News
Fair’s latest funding round was led by BMW iVentures and includes investments from Penske Automotive Group and other investors. The startup also raised nearly $1 billion in debt funding from a group of investment banks and a Sherpa Capital-led entity.
Tags: digital retailing, Fair, George Bauer, online F&I, Scott Painter, TrueCar
September 5, 2017 - Industry News
Fair was founded last year by former TrueCar CEO Scott Painter and auto finance legend Georg Bauer. Today, the company launched its car-buying app, which allows a customer to get a pre-owned car with just a driver’s license and a bank account.
December 8, 2016 - Industry News
Former TrueCar CEO Scott Painter is back. On Wednesday, TechCrunch reported that his newest venture has added online retailer Beepi, which is shutting down its operations outside of California and laying off 180 staffers.
Tags: Beepi, Fair.com, Online Buying, Scott Painter
November 24, 2015 - Industry News
Starting Dec. 15, Chip Perry, who helped build Autotrader from a one-person startup to a $1.5 billion online marketplace, will take on the task of restoring TrueCar’s relations with dealers after a tumultuous summer.
Tags: Autotrader, Chip Perry, digital marketing, Scott Painter, third-party sites, TrueCar
September 14, 2015 - Industry News
John Krafcik is stepping down this week as president of TrueCar to take on a new role as CEO of the autonomous car division of Google.
Tags: AutoNation, Google, Hiring, Hyundai, John Krafcik, Scott Painter, TrueCar
August 6, 2015 - Industry News
TrueCar CEO Scott Painter has announced that he will vacate his post in the wake of second quarter losses of nearly $15 million.
Tags: AutoNation, Quarterly Earnings, Scott Painter, TrueCar
April 14, 2015 - Industry News
TrueCar added 840 franchise and independent dealers in the first quarter of 2015, the biggest ever volume gain in company history, company officials said.
Tags: Internet Leads, lead generation, Scott Painter, TrueCar, TrueCar Dealer Council, TrueCar.com
August 12, 2014 - Industry News
For the first time in company history, TrueCar posted revenues exceeding $50 million. The feat was attributed to gains in the firm’s dealer count, market share and transactions.
Tags: Scott Painter, TrueCar, TrueCar.com
September 10, 2013 - Industry News
TrueCar takes fire for new write-off policy that requires dealers to pay for every TrueCar user who walks through their door and buys a vehicle. The company’s chief executive said the new policy was added to provide clarity, not to punish loyal users of the service.
Tags: Brittany-Marie Swanson, Policies, Scott Painter, TrueCar, TrueCar Dealer Council, TrueCar.com
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