Union Auto Program

The Competition

founder @ Union Auto Program

Published on May 31, 2019

You’ve heard of our competitors like CarGurus, Carvana, TrueCar, etc., they’ve spent millions of investor-dollars making sure you’ve seen their commercials.

But, did you know most of them are losing money, fast?!?

Sure, they make the car-buying experience easier, just like we do, but they limit you to the same type of shopping experience as buying a sweater online, which may or may not fit.

You don’t have to look far to see how these companies are setting themselves up to drive straight off a cliff. This article (https://seekingalpha.com/article/4250818-carvana-pursuing-unworkable-biz-model) tells you all you need to know. It’s short and to the point.

UAP has a dealer network that allows customers to know exactly what they’re going to pay for when they go in, to test drive cars. While a company like TrueCar collects consumer information and shoots out leads to 8-10 dealers in the area, we connect our members with individual dealerships to acquire inventory to then be purchased by specific customers.

This all sounds great but, why invest in us? Union Auto Program is an operation bound to win.

Where companies like TrueCar and Carvana spend $70-80 million in marketing each year, we allow the individual credit unions and labor unions to do the marketing for us. Like a Costco who will send out emails and newsletters about programs of this nature that will benefit their members, the AFL-CIO, the largest federation of unions, has conducted all the marketing we need to share our information. Companies like TrueCar are well known and are “successful” because of their large consumer base, however they are losing $30-40 million a quarter. This is a losing business and definitely not worth your investment.

With UAP, our foundation is stronger and built to avoid losses like that.

Thank you for your consideration. We look forward to welcoming you to the family.

All my best,

John Perez

Union Auto Program