Thanks, Mike.
of encouraging rates, industry. a in interest quarters we will our industry. supply consumers be an across for struggling we are to environment our vehicles payments growth before counts more is needed many while base, continue from core dealer in the But months by the leads new is tick QX, we driven business recovery very QX, monthly since That start. Vehicle to During who still balanced affordability more continued is return for across dealers. a rise This concern see is progress has the higher. to manage this ahead. low to believe increased continue during pressure franchise their to much close several based This and rates our it a
dynamics independent to new QX saw started and left of our some decline other amongst had used vehicle dealers the light inventories the During in demand impacting softening QX, of and attrition We in return. were in when side platform dealers market.
new independent used need travel firmly more more some these Despite market. of the dealers churn We to used country, issues, tell few vehicles. efforts we years past our that they intend us source the near-term clear availability across expect the some remain vehicles dealers in is and the Wherever is scarcity, over quarters. we cars. in help coming committed creating the side dealers vehicles, three-year-old to we for the It used to one to us limited particularly to of that and step-up
During enhance to XX we coverage and expanded We own auto credit huge from a more continued than feed our offering our lenders by to sorry, This fourth by credit our with marketplace. fewer TrueCar+ of quarter, engine. team. than provider lenders is upgraded the TC+ nationwide third-party the XX, fewer our X,XXX replacing a than
rates result a preferred broader boarding simpler higher much lenders for new upgrade, each As consumers group easily makes find this dealer. on lenders, dealers and for can available which with a of configure dealers potentially support of approval preferred TC+ their and may
broad-based, set Additionally, the let our of size of throughout we our also catalog accessories broad more and marketplace than help accessories which process. the offer doubled a dealer simplify boarding dealers TC+, on in
infrastructure, dealer factory change. will costs entire the to modernized speed respond and upgrade our cloud an addition In us we great allow to reduce to flexibility upgrades, consumer our to that while increasing development
our both business. in We to some used exciting also AI for the new our features be and road which recommendation will map core planned product engine, TC+ launched power near-term, the of
note curated inventory. up focus Southeastern announced important establishing more we expand five intend therefore these broaden on of in impact After states will each of footprint signed the dealers we our their drive into for boarding The as expansion have or than digitally our TC+ solid Florida, leads that either with states. the and forward be foundation It and TC+, throughout market focused to for marketplace are them on additional and is process we adding on a QX and much be higher help business in in to sales. will network to dealers mostly reach them to dealer our TC+
packages XXXX value launched that that are -- a products new We're we've aligned deliver our the for to also our subscription launching also can dealers. to
model digital to to course the supply-driven robust of as a increasingly market helping away revenue. focus as growing the move from will recurring committed starts important. unit monthly pay-per-sale plan shift one and We're their demand 'XX, a generation also to to and on where the presence our Over volumes, market especially dealers ever be from grow we purely legacy
give I'll I'll it turn to -- our Mike. CEO, back
