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TrueCar Ranks Among Fastest Growing Tech Companies

November 19, 2013

SANTA MONICA, Calif. — TrueCar Inc. ranked 154th on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

TrueCar founder and President Scott Painter said TrueCar and its national Certified Dealer Network now account for nearly three percent of all U.S. retail vehicle sales (more than 40,000 per month) by offering guaranteed savings and a no-hassle process to 2.5 million monthly unique visitors.

“We’re happy to be part of a growing Silicon Beach technology community and we’re proud to be recognized by Deloitte for the third consecutive year,” Painter said. “Together with our more than 6,600 dealer partners, we look forward to continued growth while enabling consumers and dealers to enjoy a no-hassle car buying experience.”

Overall, 2013 Technology Fast 500 companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent. TrueCar previously ranked 63rd and 99th as a Technology Fast 500 award winner for 2011 and 2012, respectively.

“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman of Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”

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