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TrueCar sees ‘unexpected’ end to USAA partnership; Q4 loss widens

TrueCar Inc., in a move it explained as “unanticipated,” said Thursday that its partnership with USAA Federal Personal savings Financial institution will stop at the near of the third quarter.

TrueCar’s on line auto-getting company has been pushed by a income-sharing partnership with USAA for 13 several years and TrueCar expected to signal an additional long-phrase settlement with the lender, a organization spokeswoman said in an e mail. USAA signifies about 29 % of the motor vehicles offered by sellers to consumers who hook up by means of the TrueCar marketplace, TrueCar’s spokeswoman said.

In an earnings simply call Thursday,

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