AutoNation acquires 6.1% stake in TrueCar

AutoNation, Inc. (AN) auto retailer on Tuesday announced its acquisition of a nearly 6.1% minority stake in TrueCar, Inc. (TRUE), a leading digital automotive marketplace that allows 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 continued focus on delivering unparalleled customer experiences.

TrueCar provides an end-to-end, transparent and efficient way for consumers to navigate the car buying process.

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Author: Neha Mehlawat

Neha Mehlawat is an automotive journalist and industry analyst with 10+ years of experience covering cars, bikes, and mobility trends. She tracks the latest launches, technology upgrades, and policy changes in the auto sector, delivering sharp insights that help readers stay ahead in the fast-evolving world of automobiles.