TrueCar's New CEO Says Top Goal to Be Mending Ties With Dealers
- Perry built AutoTrader into a $1.5 billion marketplace
- Co-founder Scott Painter will leave the company on Dec. 15
This article is for subscribers only.
TrueCar Inc.’s new chief executive officer, Internet auto pioneer Chip Perry, said his top priority for the online vehicle pricing and data provider when he takes over for co-founder Scott Painter next month is to repair relations with car dealers.
The company has had contentious relations with dealers, which it charges $300 a car or a subscription fee to provide consumer leads that turn into sales in showrooms. In July, TrueCar and AutoNation Inc., the biggest U.S. new-car retailer, ended their agreement after AutoNation decided not to provide data TrueCar required to charge them for its services.