Dealership growth at TrueCar up 38%

• TrueCar (NASDAQ:TRUE) announces it added 840 new and and vehicle franchise dealers in Q1 to end the quarter with 10,680 dealers.
• The mark is 38% higher than the company's level from a year ago.
• The company has 9,108 active franchise dealers and 1,572 independent dealers.
• TrueCar has won over dealers by moving away from auction-type listings.