TrueCar Nominates John Mendel for Election to Its Board of Directors

Guía de Regalos

SANTA MONICA, Calif.–(BUSINESS WIRE)–TrueCar, Inc. (NASDAQ:TRUE)
today announced that John Mendel has been nominated for election to its
board of directors.

Mendel will stand for election as a Class III director at TrueCar’s
annual meeting of stockholders on May 18, 2017. He would fill the
vacancy created by the departure of director Abhishek Agrawal, who is
not standing for re-election. The other two current Class III directors
have been nominated for re-election at the meeting.

“We are very excited to nominate John Mendel for election to serve as a
director to the TrueCar Board,” said Chris Claus, Chairman. “John is a
seasoned automotive executive with more than 30 years of experience
leading great automotive brands in sales, service, marketing and
executive management. We believe John would serve all TrueCar
shareholders with distinction, and would provide invaluable advice and
counsel to our management team, as he has a deep understanding of all of
the forces at play in our category that influence OEMs, dealers and
consumers.”

Mendel recently retired from American Honda Motor Company, where he was
the Executive Vice President, Automobile Division from November 2004
until April 2017. Prior to joining American Honda, Mendel spent 28 years
with Ford Motor Company and served as executive vice president and chief
operating officer for Mazda North American Operations. He began his
career with Ford Motor Company’s U.S. operations in 1976 and held
numerous sales and marketing positions within Ford, Lincoln Mercury and
Ford Customer Service. Mendel also served as director of marketing with
Ford of Britain from 1999 to 2002 before joining the leadership team at
Mazda. Mendel has a B.A. in business and economics from Austin College
and an M.B.A. from Duke University.

“I am honored and excited to have the chance to be considered for the
board at TrueCar,” said Mendel, “I have admired the progress the company
has made under the guidance of Chip Perry, and I look forward to being
part of an even more exciting future going forward.”

About TrueCar

TrueCar, Inc. (NASDAQ: TRUE) is a digital automotive marketplace that
provides comprehensive pricing transparency about what other people paid
for their cars and enables consumers to engage with TrueCar Certified
Dealers who are committed to providing a superior purchase experience.
TrueCar operates its own branded site and its nationwide network of more
than 13,000 Certified Dealers also powers car-buying programs for some
of the largest U.S. membership and service organizations, including
USAA, AARP, American Express, AAA and Sam’s Club. Over one third of all
new car buyers engage with the TrueCar network during their purchasing
process. TrueCar is headquartered in Santa Monica, California, with
offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com.
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TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pressinquiries@truecar.com

Contacts

TrueCar, Inc.
Alison Sternberg, 424-258-8771
Vice President,
Investor Relations and Communications
asternberg@truecar.com