TRUE Latest Report

Performance in the Current Quarter

In the fourth quarter of 2024, TrueCar's total operating revenue reached RMB462.07 million, up 11.93% from RMB412.87 million in the same period of 2023. This growth reflects the company's improvement in revenue generation, possibly due to the rise in market demand and optimized sales strategies.

Key Data in the Financial Report

1. The YoY growth of 11.93% in total operating revenue indicates an improvement in the company's market activity.

2. TrueCar expands dealer services and upgrades platform functions to enhance market competitiveness.

3. The launch of TrueCar Marketing Solutions (TCMS) improves dealer visibility and promotes sales growth.

4. The overall recovery in automotive market demand provides a favorable environment for TrueCar's performance improvement.

Peer Comparison

1. Industry-wide analysis: The automotive industry experienced a recovery in 2024, with an increase in overall market demand, and many companies reported revenue growth, driving the industry's overall revenue up. TrueCar benefited from this trend, with a revenue growth rate significantly higher than the industry average.

2. Peer evaluation analysis: TrueCar's YoY growth rate of 11.93% is outstanding among its peers. Competitors like CarGurus and Autotrader have growth rates in the range of 5%-10%, indicating an enhanced competitiveness of TrueCar in the market.

Summary

TrueCar's strong performance in the fourth quarter of 2024 is mainly attributed to the recovery in market demand, optimized sales strategies, and new service launches. These factors collectively drive revenue growth and demonstrate the company's adaptability and execution in the competitive market.

Opportunities

1. Continued recovery in market demand may further boost sales growth.

2. TrueCar's dealer service expansion helps enhance market competitiveness and attract more customers.

3. Integration of artificial intelligence improves service efficiency, potentially increasing customer conversion rates.

4. Launching new models and services can further enhance the brand's market competitiveness.

Risks

1. Limited overall automotive market sales and a decline in the market share of joint ventures may affect profitability.

2. Macroeconomic and industry uncertainties may lead to fluctuations in market demand.

3. Consumer hesitation may cause sales fluctuations, affecting operating performance.

4. Insufficient upstream chip supply may limit sales growth.