TrueCar Adds Two New Industry Leaders to Strengthen Partnerships

With these new appointment's, TrueCar aims to expand its relationships with automotive manufacturers (OEMs), and grow its insurance offerings. The company expects these efforts to create new growth opportunities while providing greater value to both consumers and business partners.

Raymond will work closely with automakers to build partnership programs and support growth across TrueCars OEM network. Huyeng will lead the company’s insurance and ancillary services business, focusing on developing digital insurance solutions that make it easier for customers to find the right coverage while saving time and money.

Raymond brings more than 30 years of experience in the automotive industry, with expertise in OEM relationships, dealership operations, and technology partnerships. Throughout his career, he has held leadership roles at Fair.com, Esserman Automotive Group and Land Rover North America.

Most recently, he served as Chief Strategy Officer at Better Car People, a CentralBDC company, where he led the companys strategic initiatives. Before that, he spent nearly 20 years at CDK Global, rising to Vice President of Global Enterprise Solutions, and managing relationships with major automakers, including General Motors.

Huyeng has more than 13 years of experience in the automotive, insurance, and financial services industries, including four years at Tesla. During his time at Tesla, he helped build the company's European insurance business, secured regulatory approvals across the EU and UK, and played a key role in launching Tesla Insurance in California in 2019.

Earlier in his career, Huyeng worked at Marsh in Hong Kong, Beijing, and across the Asia-Pacific region. There, he helped create Tesla's first dedicated auto insurance program and supported Marsh's appointment as Tesla's global insurance broker.

Most recently, Huyeng served as Regional Affinity Leader for the BeNeLux region and Germany at Marsh, where he helped improve and restructure underperforming business operations. He was also recognized on Captive Review's Power 50 list of leading global captive insurance professionals.

This announcement follows TrueCar's recent leadership expansion, including the appointments of Nikole Wells as Senior Vice President of Dealer Sales, and Steve Moretti as Senior Director of Data Acquisition, and Strategic Partnerships. These additions reflect the companys ongoing investment in talent, and infrastructure to serve TrueCar users better.

Read More:apg Solutions Appoints Matt Gialdo as Sales Leader Americas

"It's mission-critical for TrueCar to help our customers save time and money, and bringing Nik and Syl onto the team reflects our commitment to unlocking the full potential of the TrueCar ecosystem," said Scott Painter, Founder and CEO, TrueCar. "Nik's track record building digitally integrated insurance solutions is exactly what our customers need and what TrueCar is built for. Syl's unmatched OEM experience unlocks revenue opportunities we've only begun to tap, while adding real value for everyone on the platform."

About TrueCar

Founded in 2005 by Scott Painter, TrueCar is a digital automotive platform that helps car buyers save time and money when purchasing new and used vehicles through its nationwide network of certified dealers. The company works with membership and affinity organizations, lenders, insurers, and dealers to create a better car-buying experience. TrueCar powers vehicle-buying programs for more than 250 well-known brands and organizations, including Sam's Club, AAA, and more than 100 credit unions.

Read More:RBFCU Names Devin Hughes Senior Vice President of Finance