Autonation Announces Acquisition Of Minority Ownership Stake In Truecar, A Leading Automotive Digital Marketplace
Autonation Announces Acquisition Of Minority Ownership Stake In Truecar, A Leading Automotive Digital Marketplace
11/15/22, 12:01 PM
Location
fort lauderdaleIndustry
logistics
automotive
transportation
AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today announced its acquisition of an approximately 6.1% minority ownership stake in TrueCar, Inc. (NASDAQ: TRUE), a leading 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 and its constant focus on providing peerless Customer experiences. TrueCar provides an end-to-end, transparent and efficient way for consumers to navigate the car-buying journey.
Company Info
Location
Fort Lauderdale, Florida, United States
Company info
AutoNation, one of the largest automotive retailers in the United States, offers innovative products, exceptional services, and comprehensive solutions, and empowers its customers to make the best decisions for their needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $40 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.