Keep up with the latest news directly from TrueCar.
TrueCar forecasts 16.9 SAAR and solid March auto sales amid lingering winter weather
“Spring has officially sprung but much of the country is still pushing away snow piled up at the doorstep,” said Eric Lyman, vice president of industry insights for TrueCar. “Given what a strong month last March was, this slight decline in total volume isn’t surprising. We’re bullish on the retail outlook for the second half of the year and the industry remains on track to reach TrueCar’s 17 million-unit projection for 2015.”
March 25, 2015
U.S. auto sales poised for record growth streak
“The industry hasn’t been at the 17 million-unit level since 2005, and considering that the U.S. population has expanded by roughly nine percent since then, it’s clear we’re in a market with strong natural growth drivers,” said John Krafcik, TrueCar’s president. “Even in the economic boom years of the 1990s the industry didn’t achieve six consecutive years of growth.”
March 23, 2015
TrueCar finds Japanese brands’ fiscal year end to spur consumer savings and volume in March
“Given that Japanese automakers want to hit annual sales targets as they close out their business year, consumers should expect to find excellent savings, even in the hot midsize utility segment,” said John Krafcik, president of TrueCar. “The push by Japanese brands spills over to the rest of the industry, which wants to grab the attention of in-market consumers, driving up overall sales volume.”
March 16, 2015
TrueCar Response to Recent Lawsuit
At TrueCar, Inc. we have always been committed to improving the car-buying process for consumers and industry participants. We are proud of our relationships with our dealer partners, who share our commitment. Our industry outreach efforts in this regard have included the formation of a dealer council, bringing on key industry veterans and other efforts to expand our relationships with industry participants.
March 10, 2015
U.S. new auto revenue tops China by 39%
“While the growth of China’s new vehicle market over the last decade has been impressive, the total value of that market remains considerably lower than the U.S. and will remain so for some time,” said John Krafcik, president of TrueCar. “Vehicle prices will continue to rise, yet global automakers competing for China’s consumers must also continue to share half of everything they make in the region with domestic market partners.”
March 9, 2015
Renaissance in U.S. auto sector continues into February
TrueCar estimates sales of new cars and light trucks expanded 8.5 percent last month, reaching the best February volume since 2002. The average transaction price (ATP) for light vehicles was $32,245, up 2.8 percent over a year ago, while average incentive spending per unit decreased by $79 to $2,623. The ratio of incentive spending to ATP was 8.1 percent, contracting from 8.6 percent versus the prior year.
March 3, 2015