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TrueCar speeds along with ALG

Oct 6, 2011 • Robert Lavine

US-based real-time automotive marketplace TrueCar completed its acquisition of US-based automotive data consultancy ALG on Tuesday, paying an undisclosed amount to ALG’s former parent company, the automotive retail-based software company DealerTrack Holdings.

TrueCar last month raised $200m in debt and equity financing, DealerTrack was among the equity investors, though it did not disclose how much DealerTrack had invested.

ALG works as a data and consultancy service to the automotive industry and publishes the Automotive Lease Guide, projecting the…

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