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Stock impact report

Vehicle Shopping Now Higher than Pre COVID-19 Levels with Consumers Seeking Custom and Remote Purchasing Solutions

TrueCar, Inc. (TRUE) 
Last truecar, inc. earnings: 2/20 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.true.com/investor-relations
Company Research Source: GlobeNewswire
SANTA MONICA, Calif., May 19, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc., the most efficient and transparent online destination to find a car, today published COVID-19 car buying insights based on TrueCar’s own marketplace data prior to and after COVID-19 social distancing mandates began to take effect as well as consumer sentiment from a 3-wave study of car shoppers during the Coronavirus pandemic. “Website traffic and purchase intent returned to pre COVID-19 levels on the TrueCar marketplace in the last two weeks of April,” said Nick Woolard, Director of OEM and Affinity Partner Analytics at TrueCar. “We’re now seeing those numbers increasing going into Memorial Day weekend to levels closer to what we typically see toward the end of the year.” “Automakers quickly turning on 0% financing offers in response to COVID-19 actually spurred an increase in pickups and utilities in the period after COVID-19 took effect,” added Woolard. “This was clearly a winning strategy to shore up demand Show less Read more
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