BENTONVILLE, Ark. – September 3, 2015– Sam’s Club®, the warehouse division of Wal-Mart Stores, Inc., announced today its new Auto Buying Program, which provides guaranteed savings off the manufacturer’s suggested retail price (MSRP) on new cars and access to exclusive member savings on used cars.
The all-new Auto Buying Program, now powered by TrueCar, is the latest way Sam’s Club is increasing the value of membership by helping members take the hassle out of car buying.
At launch, Sam’s Club members will have access to more than 10,000 TrueCar Certified Dealers nationwide – more than three times the nearest competitor in the warehouse club channel.
“Whether it’s your first car or your sixth, the process of purchasing a vehicle can be a daunting task. We’ve chosen to launch our auto buying program with TrueCar based on their proven ability to bring car buyers a best-in-class experience,” said Seong Ohm, senior vice president of merchandise business services at Sam’s Club. “Our auto buying program will save members both time and money.”
“Sam’s Club is the warehouse club of choice for millions nationwide, representing a broad base of consumers and business owners with serious buying power,” said Jim Nguyen, TrueCar’s co-founder and executive vice president of partner development. “We are excited to serve these quality-seeking, smart and loyal members, who will appreciate the exceptional value offered through the Sam’s Club Auto Buying Program. TrueCar and our dealer partners have helped modern consumers save over $3 billion off MSRP and are delighted to provide the best and most innovative car-buying experience to Sam’s Club members.”
According to a recent survey by J.D. Power and Associates, two-thirds of Millennials believe that buying a car is one of the most intimidating purchases they can make, with more than half saying that negotiating a car purchase is worse than a trip to the dentist.
By empowering members with critical pricing information prior to purchase, the Sam’s Club Auto Buying Program improves the entire car-buying experience. Members simply access SamsClub.com/auto from their computer or smartphone, enter their location and desired type of car, see what others in their market paid for the car they want, then browse pricing information from local dealers. Once members are satisfied with their choice, they print their Guaranteed Savings Certificate or bring it on their mobile device to the selected TrueCar Certified Dealer to finalize the purchase.
More than 2 million cars have been purchased from TrueCar Certified Dealers using a TrueCar-powered platform. By purchasing their car using the Sam’s Club Auto Buying Program, members will receive a number of benefits on new and used cars:
Member benefits on new cars
- Save an average $3,000 off MSRP with negotiation-free Guaranteed Savings
- Additional savings and offers for Sam’s Club members
- Access to TrueCar’s Certified Dealer Network, which includes more than 10,000 dealers nationwide
- TrueCar Certified Dealer representatives to help assist members onsite at showroom
Member benefits on used cars
- Save hundreds off list price with exclusive member discounts
- Access to 500,000 used vehicles for sale
- 3-day return policy for members’ peace of mind
Also on new and used cars, Sam’s Club members will have access to pricing information on what others in their market paid for the car they want and can receive a Buyer’s Bonus included as a benefit that could be worth up to $2,000 in Auto Repair Reimbursement and Auto Deductible Reimbursement.
Sam’s Club recently launched a slate of other member benefits, including a “daily deal” program called Shocking Values (www.samsclub.com/shockingvalues), revamped Club Pickup where online orders are made available for members for pick up in a club, and small business services ranging from loans to identity theft protection (SamsClub.com/Benefits).
About Sam’s Club
Sam’s Club®, a division of Wal-Mart Stores, Inc. (NYSE: WMT), is a leading membership warehouse club offering superior products, savings and services to millions of members in 653 clubs in the U.S. and Puerto Rico. To learn more about Sam’s Club, visit the Sam’s Club Newsroom, shop at SamsClub.com, and interact with Sam’s Club on Twitter and Facebook.
TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free car buying and selling mobile marketplace, gives consumers transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers. TrueCar’s network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience. TrueCar powers car-buying programs for some of the largest U.S. membership and service organizations, including AARP, American Express, AAA and USAA. Not all program features are available in all states. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.