About Trueco
Trueco is a company based in Kings Mountain (United States) founded in 1987 was acquired by Versalift in December 2018. Trueco operates in a competitive market with competitors including Copart, Droom, Cars.com, CarGurus and Group1 Automotive, among others.
- Headquarter Kings Mountain, United States
- SectorsTransportation, Automotive & Logistics
- Website truecoinc.com
- Acquired by Versalift (Dec 2018)
Investors in Trueco
Trueco has secured backing from 1 investor. Prominent investors backing the company include Versalift.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufactures high-quality bucket trucks, aerial lifts, and diggers for industrial use. | 1997 | versalift.com | Waco, United States |
Investor details for Trueco
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Timeline of Trueco
2 dated milestones of Trueco across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Trueco is founded.
- Exit Acquired by Versalift.
Competitors of Trueco
Trueco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Copart, Droom, Cars.com, CarGurus and Group1 Automotive, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| copart.com | 1982 | Dallas, United States | – | 10,200 | Used and salvaged vehicles are offered via an online marketplace. | |
| droom.in | 2014 | Gurugram, India | $344.27M | 156 | Used vehicles are bought and sold through an AI platform. | |
| cars.com | 1998 | Chicago, United States | – | 1,784 | Used cars are listed and analyzed on an online platform. | |
| cargurus.com | 2006 | Cambridge, United States | $1.75M | 843 | Automotive vehicle listings are managed via an app-based platform. | |
| group1auto.com | 1997 | Houston, United States | – | 16,011 | Provider of new & used cars and trucks dealership services | |
| truecar.com | 2005 | Santa Monica, United States | $270.2M | 324 | Online new and used cars listing platform | |
| autonation.com | 1991 | Fort Lauderdale, United States | – | 22,443 | New and used vehicles are offered online by AutoNation. | |
| carsales.com.au | 1998 | Melbourne, Australia | – | – | Online listing platform for used cars | |
| carlotz.com | 2011 | Charlotte, United States | $37.03M | 403 | Used cars are traded via an online consignment platform. | |
| carsdirect.com | 1998 | El Segundo, United States | $280M | 3,469 | Online dealer of used & new cars |
Detailed competitors of Trueco
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Latest news on Trueco
Complete news archive for Trueco
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Similar companies to Trueco
10 companies that operate in the same segment as Trueco (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Frequently Asked Questions about Trueco
Trueco was founded in 1987.
Trueco is headquartered in Kings Mountain, United States. It is registered at Kings Mountain, North Carolina, United States.
Trueco was established in 1987 in Kings Mountain, United States, as a distributor within the transportation and equipment sector. Operations center on the supply of trucks, trailers, and utility equipment to support industrial and commercial needs. Services include sales and distribution, with a focus on reliability for clients across the region. The companys activities are based in the United States, serving local and broader markets in these areas.
Trueco has 1 investor. Key investors include Versalift.
Yes. Trueco was acquired by Versalift in December 2018.