The Car and Truck Fleet and Leasing Management Magazine

DealerTrack to Sell ALG to TrueCar

August 22, 2011

LAKE SUCCESS, NY – DealerTrack Holidings has signed an agreement to sell its subsidiary, ALG Inc., to TrueCar Inc., according to a news release from ALG Inc. Related to the sale DealerTrack entered into additional commercial arrangements with TrueCar, including a perpetual, royalty-free license for DealerTrack to use certain ALG intellectual property and data.

DealerTrack will receive a 15-percednt equity interest in TrueCar and warrants to increase its ownership up to 19.9 percent. As part of the transaction, DealerTrack will have the limited right to appoint a director to TrueCar's Board.

The sale is expected to close in the fourth quarter, ALG’s release stated. DealerTrack stated it expects to recognize a pre-tax gain for GAAP purposes of at least $40 million on the sale, but does not expect this transaction to have an impact on 2011 non-GAAP guidance.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

In electronics, firmware refers to the software that controls a device’s functions.

Read more

Up Next

More From The World's Largest Fleet Publisher