Fair Holdings completes $227 million TrueCar acquisition

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Fair Holdings, Inc., Led by TrueCar Founder Scott Painter, Completes $227 Million Take-Private Acquisition of TrueCar with PenFed, Zurich North America, AutoNation and Others

January 21, 2026 5:15 PM EST

The acquisition of TrueCar will refocus the business on profitability and the future of how consumers access mobility.

SANTA MONICA, Calif., Jan. 21, 2026 /PRNewswire/ -- TrueCar, one of the most recognized and trusted automotive brands, today announced the completion of its sale in... More