TrueCar in the news.
May US auto sales likely to beat forecasts
Analysts had forecast that lower sales to rental car companies and other fleets would drag down sales. But car buying site TrueCar.com said sales to individual buyers jumped 7 percent over Memorial Day weekend, thanks in part to promotions like zero-percent financing on the new Hyundai Sonata sedan.
The Associated Press | June 2, 2015
Spending on New Cars Hits All-Time High, Even as Loans Stretch to Record Lengths
“New vehicle sector and segment preference indicates consumers are confident about the economy and their finances,” said TrueCar President John Krafcik. “Not only are these shifts to premium brands and utilities telling from an economic indicator standpoint, they signal sizable revenue gains automakers should reap this year.”
The Detroit Bureau | June 2, 2015
Ford F-150 output pinched by frame shortage, workers say
TrueCar last week said demand for the F-150 has compelled Chevrolet, GMC and Ram to increase discounts on their trucks in an attempt to keep Ford from stealing market share. Average transaction prices for the F-series have risen about $3,200 from a year ago, to $42,500, TrueCar said.
Automotive News | May 29, 2015
May 2015 Auto Sales Forecast: US On Track For Highest Tallies Since August On Demand For SUVs, Trucks; Jeep Cherokee, Wrangler Sales Soar
But for the time being, automakers and dealers are still enjoying the bounty of a slow-but-gradual recovery from the Great Recession. The long Memorial Day weekend saw a 7 percent sales increase compared to the same holiday sales event last year, according data from to TrueCar.com.
International Business Times | May 29, 2015