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 residual values of new and used vehicles in the US and Canada. The service complements TrueCar’s own transaction data service for the new car market in the US. Raj Sundaram, senior vice president at DealerTrack Holdings’ Services and Solutions Group, said: "TrueCar has shown a tremendous commitment to maintaining the continuity of ALG operations. The TrueCar executive team has exhibited a profound understanding and respect for the strong relationship ALG has with the entire automotive industry – and I believe they will actively seek ways maintain and enhance that relationship now and in the years to come." In addition, TrueCar has appointed Larry Dominique, formerly the vice president of advanced and product planning and strategy at Nissan North America, as its executive vice president of TrueCar’s Data Solutions Group.        

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