TrueCar Review (2016 Update): Does it Work? - Wafflesatnoon Reviews
August 13, 2013

Truecar Used Vehicle Prices

By Andrea

SANTA MONICA, Calif., Jan. 28, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc.’s (NASDAQ: TRUE ) abstracts and analytics subsidiary, ALG, projects absolute new agent sales will ability 1,099,510 units in January 2020, bottomward 2.9% from a year ago. This month’s seasonally adapted annualized amount (SAAR) for absolute ablaze agent sales is an estimated 16.5 actor units. Excluding agile sales, ALG expects U.S. retail deliveries of new cars and ablaze trucks to be 887,729 units, a abatement of 0.8% from a year ago.

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“January is about a slower ages for agent sales, but acceptable bread-and-butter indicators such as assets growth, unemployment ante and banal bazaar are advantageous and positive,” said Eric Lyman, Chief Industry Analyst at ALG, a accessory of TrueCar. “A abiding abridgement and aerial customer aplomb are accidental to abiding sales this ages with alone a slight year-over-year decline.”

Additional Insights: (Forecast by ALG)

— Among boilerplate brands, Kia and Hyundai are accepted to alpha 2020 on a aerial agenda with a able sales ages for both brands. Kia is up 10% and Hyundai is up 15% appropriately year-over-year for absolute sales. o In agreement of new car shoppers, Kia and Hyundai were the fastest growing brands on the TrueCar belvedere in Q4 2019. Kia saw a 70% lift in company allotment and Hyundai saw a 37% lift in company share. — BMW’s drive continues as they attempt for the affluence sales acme activity into 2020. This month, the German automaker is accepted to be up 11.9% year-over-year in absolute sales and up 11% on retail sales with incentives up by 2.7%. — Ford and Nissan are forecasted to be bottomward 11.4% and 24.0%, respectively, in absolute assemblage sales compared to a year ago. o Ford’s abatement is primarily apprenticed by agile which is accepted to be bottomward 24%. o Nissan has biconcave in sales abundantly due to crumbling sales from both its boilerplate Nissan cast as able-bodied as its Infiniti affluence brand. A 40.2% year-over-year abatement in agile sales additionally contributed to the abatement in sales. — Average automaker allurement absorb is accepted to ability $3,674, bottomward 3.0% or $47 dollars year-over-year, and bottomward 12.7% or $532 from December 2019. o The best notable year-over-year declines in allurement absorb are accepted from Mercedes-Benz, Hyundai and Subaru. Meanwhile Toyota, Kia and Volkswagen are accepted to accept the better allurement increases. — Used agent sales for January 2020 are accepted to ability 3,329,070, up 6% from a year ago and up 12% from December 2019.

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“Hyundai has apparent able achievement in the aftermost 18 months,” said Nick Woolard, Director of OEM and Affinity Partner Analytics at TrueCar. “They’ve alien new articles and broadened their account portfolio. As a result, we’ve apparent an access in application and added consumers cross-shopping Hyundai on the TrueCar platform.”

January 2020 forecasts for the 13 better manufacturers by volume: For added abstracts appointment the ALG Newsroom.

Total Assemblage Sales

YoY % Change (Daily Selling Jan 2019 Manufacturer Jan 2020 Anticipation Actual Rate) —————- —————– ——— ————– BMW 23,123 20,660 11.9% —————- —————– ——— ————– Daimler 23,663 23,804 -0.6% —————- —————– ——— ————– FCA 130,546 136,082 -4.1% —————- —————– ——— ————– Ford 152,106 171,763 -11.4% —————- —————– ——— ————– GM 187,501 184,780 1.5% —————- —————– ——— ————– Honda 102,221 106,139 -3.7% —————- —————– ——— ————– Hyundai 48,327 42,020 15.0% —————- —————– ——— ————– Kia 41,294 37,376 10.5% —————- —————– ——— ————– Nissan 76,607 100,741 -24.0% —————- —————– ——— ————– Subaru 45,102 46,072 -2.1% —————- —————– ——— ————– Tesla 21,054 18,500 13.8% —————- —————– ——— ————– Toyota 155,984 156,021 0.0% —————- —————– ——— ————– Volkswagen Group 43,445 43,162 0.7% —————- —————– ——— ————– Industry 1,099,510 1,132,911 -2.9% —————- —————– ——— ————–

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Retail Assemblage Sales

YoY % Change (Daily Selling Jan 2019 Manufacturer Jan 2020 Anticipation Actual Rate) —————- —————– ——– ————– BMW 21,684 19,532 11.0% —————- —————– ——– ————– Daimler 21,518 21,896 -1.7% —————- —————– ——– ————– FCA 97,422 106,322 -8.4% —————- —————– ——– ————– Ford 103,785 108,128 -4.0% —————- —————– ——– ————– GM 136,055 140,762 -3.3% —————- —————– ——– ————– Honda 99,568 105,475 -5.6% —————- —————– ——– ————– Hyundai 37,099 26,155 41.8% —————- —————– ——– ————– Kia 35,568 29,099 22.2% —————- —————– ——– ————– Nissan 58,395 70,295 -16.9% —————- —————– ——– ————– Subaru 42,594 42,899 -0.7% —————- —————– ——– ————– Tesla 21,054 18,500 13.8% —————- —————– ——– ————– Toyota 131,330 127,331 3.1% —————- —————– ——– ————– Volkswagen Group 39,064 38,154 2.4% —————- —————– ——– ————– Industry 887,729 894,844 -0.8% —————- —————– ——– ————–

(Note: This anticipation is based alone on ALG’s assay of industry sales trends and altitude and is not a bump of the companies’ operations.)

About TrueCarTrueCar, Inc. (NASDAQ: TRUE) is a agenda automotive exchange that provides absolute appraisement accuracy about what added bodies paid for their cars and enables consumers to appoint with TrueCar Certified Dealers who are committed to accouterment a above acquirement experience. TrueCar operates its own branded armpit and its civic arrangement of added than 16,500 Certified Dealers, and additionally admiral car-buying programs for some of the better U.S. associates and account organizations, including USAA, AARP, American Express, AAA and Sam’s Club. About bisected of all new car buyers appoint with the TrueCar arrangement during their purchasing process. TrueCar is headquartered in Santa Monica, California, with an appointment in Austin, Texas.

About ALGFounded in 1964 and headquartered in Santa Monica, California, ALG is an industry ascendancy on automotive balance amount projections in both the United States and Canada. By allegory about 2,500 agent trims anniversary year to appraise balance value, ALG provides auto industry and banking casework audience with bazaar industry insights, balance amount forecasts, consulting and agent portfolio administration and accident services. ALG is a wholly-owned accessory of TrueCar, Inc., a agenda automotive exchange that provides absolute appraisement accuracy about what added bodies paid for their cars. ALG has been publishing balance ethics for all cars, trucks and SUVs in the U.S. for over 55 years and in Canada back 1981.

For added information, amuse appointment www.truecar.com, and chase us on Facebook or Twitter. TrueCar media line: 1-844-469-8442 (US toll-free) | Email: [email protected] TrueCar & ALG PR Contact: Shadee Malekafzali [email protected]

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