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Discussion in 'Industry News, Resources and Leadership' started by Jeff Kershner, Jun 30, 2015.
@JoePistell What do you think is causing the climb?
IMO they've been trying to be more dealer friendly which I think has kept clients and brought back former ones. Also, as more OEMS move toward MAAP, I think more consumers are going to look to sites like TC to find a discounted price. I've seen lead volume increase at for our Mazda store for example.
TrueCar's stock story, from my POV... step by step
IPO'd at $10 in 2014
Investors loving the vision push price to $24 in late 2014
Dealers begin lawsuits
Investors begin 18 months of selling returning the stock price to $10 in july 2015.. then...
TrueCar Concludes Partnership With AutoNation July 9th
Frustrated investors gave up on the TrueCar vision, Selling accellerates, (causing the stock price to fall 50% below IPO price
A new leader is found (Chip Perry), Scott Painter resigns. <---- #BAM
Perry begins forensics to find the cancer and re-invent the model (keep what's good & kill what's bad)
AutoNation jumps back on (a big win for CP and a signal for investors)
What big questions are unanswered?
Do shoppers like the 'new' TrueCar?
Do dealers like the 'new' TrueCar?
Does the new TrueCar model make money?
Does the new TrueCar model have room to grow into a far larger concern?
TrueCar is up 175% in 11 months.