Military members and their families can get exclusive
access to $3,000 in manufacturer
savings on the INEOS Grenadier through TrueCar Military, PenFed
Credit Union, and Navy Federal Credit Union car buying
sites
SANTA
MONICA, Calif., Oct. 30,
2024 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE) the
most trusted automotive digital marketplace, today announced INEOS
Automotive is providing an exclusive $3,000 offer to TrueCar military members and
their families on the purchase of its INEOS Grenadier, a
rugged and purpose-built 4x4. Qualified buyers can utilize the
$3,000 savings in addition to
other manufacturer incentives and dealer pricing.
This exclusive offer is available through TrueCar
Military and through TrueCar's affinity programs with
PenFed Credit Union and Navy Federal Credit Union. Combined, these
TrueCar-powered car buying sites serve more than 16 million
military members and their families, providing them access to
special discounts on hundreds of different vehicles through an easy
to use and secure online platform. In the last year alone, more
than 800k users visited the TrueCar
Military site.
The Grenadier was devised by Sir Jim
Ratcliffe, who identified a gap in the market for a
hard-working 4X4 that combined best-in-class off-road capability
with modern on-road driving refinement for people who enjoy the
experience and adventure of being behind the wheel.
"We are thrilled to announce our partnership with INEOS," said
Jantoon Reigersman, CEO of TrueCar. "Similar to TrueCar,
INEOS is an innovator that isn't afraid to disrupt norms to
make progress. With the Grenadier, they bring to market a 4x4 that
opens a world of possibilities for those with the adventurous
spirit - a perfect match for many of our military members."
Both TrueCar, through its "DriventoDrive" disabled
veteran vehicle giveaway and INEOS, through its "Walking with
the Wounded" program, have long and dedicated histories of
supporting military members and their families. This collaboration
brings the aggressive off-road excitement of the new Grenadier with
the seamless online shopping process powered by TrueCar.
"Our partnership with INEOS marks a significant step forward in
our mission to support military members and families," said
Reigersman. "By providing exclusive deals and savings through
trusted financial institutions, we are empowering these heroes to
make informed and affordable car-buying decisions."
Forward-Looking Statements
This press release contains forward-looking statements. All
statements contained in this press release other than statements of
historical fact are forward-looking statements, including
statements regarding the expansion of our TrueCar+ offering,
including the geographic expansion thereof and expansion through
the addition of participating dealers and inventory as well as our
ability to eliminate traditional complexities and uncertainties
associated with car buying. These forward-looking statements are
subject to a number of risks, uncertainties and assumptions that
may prove incorrect, any of which could cause our results to differ
materially from those expressed or implied by such forward-looking
statements, and include, among others, those risks and
uncertainties described under the heading "Risk Factors" in our
Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and
Exchange Commission, or SEC, our Quarterly Report on Form 10-Q for
the quarter ended March 31, 2024
filed with the SEC and our quarterly report on Form 10-Q for the
quarter ended June 30, 2024, to be
filed with the SEC. Moreover, we operate in a very competitive and
rapidly changing environment. New risks emerge from time to time.
It is not possible for our management to predict all risks, nor can
management assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements we may make. All forward-looking
statements in this press release are based on information available
to our management as of the date of this press release and, except
as required by law, management assumes no obligation to update
those forward-looking statements, which speak only as of their
respective dates.
About TrueCar
TrueCar is a leading automotive digital
marketplace that lets auto buyers and sellers connect to our
nationwide network of Certified Dealers. With access to an
expansive inventory provided by our Certified Dealers, we are
building the industry's most personalized and efficient auto
shopping experience as we seek to bring more of the process online.
Consumers who visit our marketplace will find a suite of vehicle
discovery tools, price ratings and market context on new, used, and
Certified Pre-Owned vehicles. When they are ready, shoppers in
TrueCar's marketplace can connect with a Certified Dealer in our
network, who shares our belief that truth, transparency, and
fairness are the foundation of a great auto shopping experience. As
part of our marketplace, TrueCar powers auto-buying programs for
over 250 leading brands, including Sam's Club and Navy Federal
Credit Union.
For more information, please visit www.truecar.com, and follow
us on LinkedIn, Facebook, or X.
About INEOS Grenadier
In 2017, INEOS Chairman Jim
Ratcliffe, a car enthusiast and experienced adventurer,
identified a gap in the market for an uncompromising 4X4 engineered
for modern day compliance and reliability. INEOS Automotive Limited
was formed and a senior team of automotive professionals assembled
to bring the vision to reality with a fresh perspective of 4X4
development and manufacturing.
In 2022 the INEOS Grenadier was launched: a truly global 4X4
built from the ground up that combines rugged British spirit and
design with German engineering rigour. The Grenadier provides
best-in-class off-road capability, durability, and reliability with
the modern comfort and refinement customers expect wherever they
are in the world. In 2023 a double-cab pick-up variant of the
Grenadier was launched called the Quartermaster.
INEOS Automotive is a subsidiary of INEOS (www.ineos.com), a
leading manufacturer of petrochemicals, speciality chemicals and
oil products. It employs 26,000 people across 36 businesses, with a
production network spanning 194 sites in 29 countries. From paints
to plastics, textiles to technology, medicines to mobile phones,
materials manufactured by INEOS enhance almost every aspect of
modern life. In 2021, INEOS had sales of $65bn.
To find out more about Grenadier, visit
www.ineosgrenadier.com
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SOURCE TrueCar