Scott Painter - TrueCar

TrueCar

Scott Painter is the founder and CEO of TrueCar, Inc., headquartered in Santa Monica, California. TrueCar is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers. As an online publisher of new and used car transaction data, TrueCar.com provides price reports that enable dealers and consumers to agree on the parameters of a fair deal by supplying a transparent understanding of what others recently paid for identically equipped new cars in their geographic area. TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry, and has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets. TrueCar was founded in 2005 and through its dealer partners has sold over 600,000 vehicles. It has a national network of more than 5,000 certified dealers.

Inc. Magazine ranked TrueCar as one of 5,000 fastest growing companies in the United States in 2010 and 2011. In 2012, TrueCar was named by the Los Angeles Business Journal as the #1 fastest growing private company based in the Los Angeles area and has been listed at #99 on Deloitte's Technology Fast 500, a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. TrueCar grew 1193 percent during this period.

In 2011, Painter launched TrueCar Racing, an all-female racing team, co-sponsored by Penske Media Corporation and Virgin Group. The racing team supports high-potential women aspiring to become premier race series race car drivers. TrueCar and its partners provide full sponsorship support, professional coaching and training, marketing exposure, and top-tier racing team opportunities throughout the U.S. with the goal of winning races and championships.