SANTA
MONICA, Calif. and LOS
ANGELES, Feb. 10, 2021
/PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most
efficient and transparent way to find a car and HyreCar Inc.
(NASDAQ: HYRE), the car-sharing marketplace for ridesharing, food,
and package delivery services, today announced their new
partnership and the launch of the HyreCar Auto Buying Program
powered by TrueCar.
![TrueCar, Inc. Logo (PRNewsfoto/Truecar, Inc.) TrueCar, Inc. Logo (PRNewsfoto/Truecar, Inc.)](https://mma.prnewswire.com/media/1420394/TrueCar_Logo_Logo.jpg)
The TrueCar and HyreCar partnership addresses the
vehicle purchase needs of drivers and owners that work in the
mobility and transportation industry. HyreCar's innovative
Mobility-as-a-Service (MaaS) marketplace generates tens of
thousands of potential automotive purchase and rental leads per
month. The partnership will leverage TrueCar's online vehicle
research, trade-in, pricing, and innovative payment tools.
TrueCar's 14,000 plus national dealer network will assist HyreCar
customers to acquire a new or used vehicle or to sell or trade-in
their vehicle. Additionally, the TrueCar Partnership will support
HyreCar's Earn to Own™ program for qualified HyreCar customers.
Joe Furnari, CEO, HyreCar Inc
stated, "HyreCar customers rent, sell and buy vehicles. The TrueCar
partnership offers a seamless way to address this significant
market in a relevant and effective manner for dealers and
customers. Additionally, TrueCar helps create awareness that
vehicle dealers can benefit from serving the Mobility-as-a-Service
industry via HyreCar's platform." Mr. Furnari added that the
partnership will potentially grow to include special OEM offers and
dedicated vehicle finance solutions.
"We're excited to make car buying easier for
HyreCar's car-sharing community and to help them in their journey
to find a safe, reliable, and affordable vehicle that is not only
used as a personal vehicle, but one that's also used to earn their
livelihood," said Mike Darrow,
President & CEO of TrueCar. "We are also very pleased to offer
TrueCar dealer partners a new channel to sell and acquire vehicles
through the HyreCar marketplace."
Brian Allan, SVP of HyreCar Inc.
and former Galpin Motors' General Manager added, "From a dealer's
perspective, I am excited about the TrueCar partnership because
vehicle dealers are best suited to serve mobility customers and the
entire dealer ecosystem benefits from this under-served customer
segment."
The HyreCar Auto Buying Program can be accessed
at https://hyrecar.truecar.com.
About TrueCar
TrueCar is a leading
automotive digital marketplace that enables car buyers to connect
to our nationwide network of Certified Dealers. We are building the
industry's most personalized and efficient car buying experience as
we seek to bring more of the purchasing process online. Consumers
who visit our marketplace will find a suite of vehicle discovery
tools, price ratings, and market context on new and used cars --
all with a clear view of what's a great deal. When they are ready,
TrueCar will enable them to connect with a local Certified Dealer
who shares in our belief that truth, transparency, and fairness are
the foundation of a great car buying experience. As part of our
marketplace, TrueCar powers car-buying programs for over 250
leading brands, including AARP, Sam's Club, and American Express.
Nearly half of all new-car buyers engage with TrueCar powered
sites, where they buy smarter and drive happier. TrueCar is
headquartered in Santa Monica,
California, with offices in Austin, Texas, and Boston, Massachusetts. For more information,
please visit www.truecar.com, and follow us on Facebook or
Twitter.
TrueCar media line: +1-844-469-8442 (US
toll-free) | Email: pr@truecar.com
About HyreCar
HyreCar Inc. (NASDAQ:
HYRE) is a national car-sharing marketplace for ridesharing, food,
and package delivery via its proprietary technology platform. The
Company has established a leading presence in Mobility as a Service
(MaaS) through individual vehicle owners, dealers, rental agencies,
and OEMs, that wish to participate in new mobility trends. By
providing a unique opportunity through our safe, secure, and
reliable marketplace, HyreCar is transforming the industry by
empowering all to profit from Mobility as a Service. For more
information please visit hyrecar.com.
TrueCar Public Relations Contact:
Shadee Malekafzali
shadee@truecar.com
424.258.8694
HyreCar Media Contact:
John Evans
Investor Relations
j.evans@hyrecar.com
415-309-0230
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SOURCE TrueCar, Inc.