5. CONFIDENTIAL & PROPRIETARY 5
Dealers and OEMs Spend Billions of Dollars Marketing to Consumers
3CONFIDENTIAL & PROPRIETARY
17 Million
New Vehicles Sold
35+ Million
Addressable Used Vehicles
$51B+
OEM Incentives Spend
(~$2,900 per car)
$350+ Billion
Transaction Value
$550+ Billion
Transaction Value
$9B+
Dealer Advertising Spend
(~$600 per new car)
$20B+
OEM Advertising Spend
(~$1,200 per new car)
7. CONFIDENTIAL & PROPRIETARY 7
TrueCar is Clean and Easy to Use
5CONFIDENTIAL & PROPRIETARY
Upper Funnel (Publishing Approach)
Vs.
Note: All screen shots taken as of 9/22/16 for a new BMW 3-series
(Transaction Approach)
8. CONFIDENTIAL & PROPRIETARY 8
6
TrueCar’s Unique Lower Funnel Experience
2. TrueCar Presents Local
Market Pricing
1. Consumer Configures
the Car They Want
3. Upfront Prices on Actual VINs
Local TrueCar Price Curve
Lets Consumers Know What
Their Neighbors Paid
Consumers Select and Build
Their Desired Vehicle
TrueCar Certified Dealers Provide
Consumers with Competitive VIN-
Specific Advanced Pricing
9. CONFIDENTIAL & PROPRIETARY 9
TrueCar & Its Affinity Sites Reach More Real Car Buyers Than Any Other Site
7
Source: J.D. Power and Associates 2016, New Autoshopper Study (NAS)
Base: AIUs
Q9: Please indicate which of the following third-party websites you visited on any device before purchasing your vehicle.
(1) Includes affinity partner not yet publically announced
Overall Third-Party Site Visitation by AIUs
Indicates a statistically significant point
difference at 90% confidence interval.
CONFIDENTIAL & PROPRIETARY
Ppt. Difference
from2015
11
0
-2
-1
2
-4
0
0
0
0
0
13%
3%
4%
4%
8%
9%
11%
14%
18%
32%
40%
57%
CarGurus
eBay Motors
Yahoo! Autos
Craiglist
CARFAX
NADAguides
Autotrader.com
CostcoAuto.com
Cars.com
Edmunds.com
Kelly Blue Book
TrueCar + Affinity Sites (1)
10. CONFIDENTIAL & PROPRIETARY 10
TrueCar’s Unique Business Model Provides a Competitive Advantage
9CONFIDENTIAL & PROPRIETARY
Consumer Acquisition Strategy
TV
Radio
Digital
Exclusive Affinity Partnerships
Consumer Brand &
Affinity Partner Brand Halo
• Closed Loop Accountable Business Model
• Regulatory Compliance Strategy in all 50 States
• 12,699 TrueCar Certified Dealers
(Franchise and Independent Dealers)
• Unique Monetization Strategy
Pay Per Sale Subscription
OEM
Targeted
Incentives
Trade
Additional Barriers to Entry
11. Run Fast and Break Things Works Until It Doesn’t
1
14. CONFIDENTIAL & PROPRIETARY
LS SP DPS
TCDC
11 devs
MPP
5 devs
PyMPP
3 devs
Used
2 devs
Dealer
Portal
7 devs
Mobile
Apps
14 devs
MSP
1 dev
Custom
databases
Custom
databases
Databases
(over 100)
It’s not working anymore…
15. CONFIDENTIAL & PROPRIETARY
Dev 2
Dev 3
QA 2
QA 3
• Complex dependencies
• Quality control a challenge
• Slow release cycles
• Stomping on toes
Environments are the bottleneck
18. Let’s focus on building great tech platform
Then we can focus on building great car buying products
1
19. CONFIDENTIAL & PROPRIETARY
Focus on building great car buying products
• Stop managing hardware and infrastructure – focus on what we’re good at
• Continuous Integration and Deployment – iterate quickly
• Proactive awareness of issues – know before it breaks
• Unified toolsets, languages and processes – unify the team
• Simplify the technology stack – make it easier to build things
• Dashboarding, monitoring and alerting as a core principle of managing the ecosystem
• Feature Flagging + A/B tests built into the platform – test everything
What does the platform that will enable that look like?
21. CONFIDENTIAL & PROPRIETARY
What is Capsela?
1. Move applications and infrastructure to AWS with ephemeral development environments
2. When moving them, re-write them with a modern, modular approach to building web apps
3. Unify our technology stack and get our resources all contributing to a common code base
4. Make data easily accessible to our applications and our organization
5. Full scale monitoring embedded in platform and alerting with developer accountability
6. Continuous integration and deployment with fully automated test infrastructure
21
22. CONFIDENTIAL & PROPRIETARY
Ephemeral development environments (Spacepods)
• Fast release
cycles
• High quality
releases
• Repeatable
development
process
Dev
150
AWS - Spacepods
QA
150
• Removes resource contention, higher quality SW, continuous development
23. CONFIDENTIAL & PROPRIETARY
SpacePods – TrueCar Deployments to AWS
• Docker to power applications
• Platform built fully on Amazon Web Services
• Packer, Vault and Terraform
• Reproducible infrastructure to build TrueCar
• Continuous deployment framework
• All Pods and all applications monitored by New Relic
• Pager Duty for alerting, alerts posted to developer Slack Channels (double make sure)
45. CONFIDENTIAL & PROPRIETARY
Takeaways
• Know your core competency
• Making what people want starts with a platform that enables it
• Build your systems to enable iterating quickly
• Simplify everything… make it so anyone in the company can deploy code
• Instrument and monitor everything
• You might have to start over from scratch, we did with Capsela
45
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