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TrueCar Recaps November 2012 Auto Sales And Provides Insights into December 2012 Sales

December 10, 2012

SANTA MONICA, Calif., Dec. 10, 2012 /PRNewswire/ –TrueCar.com, the authority on new car pricing information, trends and forecasting, today highlights the major trends from November 2012 auto sales and looks into December 2012 auto sales:

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  • Industry sales increased a very healthy 15 percent compared to November 2011, resulting in a SAAR of 15.54 million, the highest since December 2007
  • TrueCar estimates that the aftermath of Sandy contributed a minimum of 30,000 additional sales to November sales totals and those numbers will increase for December sales
  • Nissan had the biggest sequential monthly sales (up 21 percent) and market share increase in November, surpassing Hyundai/Kia in the industry sales ranking for the month
  • The gap between the Top 3 automakers in the U.S. narrowed in November, particularly with Ford coming within about 9,000 units of GM for the top spot
  • Average transaction prices reached an all time high at $30,832. Chrysler had the highest ratio of incentives/ATP at 10.6 percent and Toyota had the lowest at 6.6 percent. Industry average was 8.2 percent, down from 8.6 percent a year ago
  • December early forecast shows the month tracking at 1.43 million units, adding up to 14.56 million total units sold for 2012. TrueCar’s 2013 forecast is 15.4 million units
  • Large trucks could have the highest unit sales in December since 2008 due to increased incentive spending by automakers

“November was one of the strongest months in over four years and we project that December could end up being a bigger month,” said Jesse Toprak, senior analyst for TrueCar.com. “Combination of great products and attractive finance/lease promotions in addition to a boost from replacement demand created by Sandy will ensure a solid finish to the best year in car sales since 2007.”

Here’s how the top eight manufacturers fared in November 2012:

                                                     Unit Sales
                                                     ----------
    Manufacturer             November 2012              % Change vs. October       % Change vs. November
                                                                             2012                        2011
    ---                                                                      ----                        ----
                   Chrysler                  122,565                         -2.9%                       14.4%
                   --------                  -------                         ----                        ----
                     Ford                    177,092                          5.4%                        6.4%
                     ----                    -------                          ---                         ---
                      GM                     186,505                         -4.7%                        3.4%
                     ---                     -------                         ----                         ---
                    Honda                    116,580                          9.0%                       38.9%
                    -----                    -------                          ---                        ----
                 Hyundai/Kia                  94,542                          2.0%                        9.1%
                 -----------                  ------                          ---                         ---
                    Nissan                    96,197                         20.7%                       12.9%
                    ------                    ------                         ----                        ----
                    Toyota                   161,695                          4.2%                       17.2%
                    ------                   -------                          ---                        ----
                  Volkswagen                  48,795                          6.0%                       28.0%
                  ----------                  ------                          ---                        ----
                   Industry                1,142,883                          4.7%                       15.0%
                   --------                ---------                          ---                        ----
                                Market Share
                                ------------
     Manufacturer November 2012              October 2012       November 2011
     ------------ -------------              ------------       -------------
       Chrysler                 10.7%                     11.6%               10.8%
       --------                 ----                      ----                ----
         Ford                   15.5%                     15.4%               16.7%
         ----                   ----                      ----                ----
          GM                    16.3%                     17.9%               18.1%
         ---                    ----                      ----                ----
        Honda                   10.2%                      9.8%                8.4%
        -----                   ----                       ---                 ---
     Hyundai/Kia                 8.3%                      8.5%                8.7%
     -----------                 ---                       ---                 ---
        Nissan                   8.4%                      7.3%                8.6%
        ------                   ---                       ---                 ---
        Toyota                  14.1%                     14.2%               13.9%
        ------                  ----                      ----                ----
      Volkswagen                 4.3%                      4.2%                3.8%
      ----------                 ---                       ---                 ---
                                   Incentive Spending
                                   ------------------
    Manufacturer  November                    % Change vs. October       % Change vs.
                              2012                                 2012  November 2011
                 Incentives
    ---          ----------
    Chrysler                $3,147                                  1.5%               -3.1%
    --------                ------                                  ---                ----
    Ford                    $2,681                                  6.3%               -8.3%
    ----                    ------                                  ---                ----
    GM                      $2,864                                 -1.7%               -7.6%
    ---                     ------                                 ----                ----
    Honda                   $2,132                                 13.3%               -8.6%
    -----                   ------                                 ----                ----
    Hyundai/Kia             $1,488                                  8.2%               21.3%
    -----------             ------                                  ---                ----
    Nissan                  $2,890                                 21.7%               -2.0%
    ------                  ------                                 ----                ----
    Toyota                  $1,885                                 16.2%               -0.7%
    ------                  ------                                 ----                ----
    Volkswagen              $2,392                                  5.7%               -4.5%
    ----------              ------                                  ---                ----
    Industry                $2,518                                  9.4%               -4.3%
    --------                ------                                  ---                ----
                                                                                                   Average Transaction Prices

                                                                                                               ---
    Manufacturer                                                                                                                                                                                                              November 2012 Transaction Price  October 2012 Transaction Price  November 2011 Transaction Price   Percent Change November 2011   Percent
                                                                                                                                                                                                                                                                                                                                 to November 2012               Change
                                                                                                                                                                                                                                                                                                                                                                October
                                                                                                                                                                                                                                                                                                                                                                2012 to
                                                                                                                                                                                                                                                                                                                                                                November
                                                                                                                                                                                                                                                                                                                                                                2012
    ---                                                                                                                                                                                                                                                                                                                                                        --------
    Chrysler (Chrysler,                                                                                                                                                                                                                               $29,796                         $29,541                          $29,071                            2.5%       0.9%
    Dodge, Jeep, Ram, Fiat)
    ----------------------
    Ford (Ford, Lincoln)                                                                                                                                                                                                                              $32,543                         $32,141                          $31,498                            3.3%       1.3%
    -------------------                                                                                                                                                                                                                               -------                         -------                          -------                            ---        ---
    GM (Buick, Cadillac,                                                                                                                                                                                                                              $32,891                         $32,547                          $33,027                           -0.4%       1.1%
    Chevrolet, GMC)
    --------------
    Honda (Acura, Honda)                                                                                                                                                                                                                              $26,897                         $27,011                          $26,529                            1.4%      -0.4%
    -------------------                                                                                                                                                                                                                               -------                         -------                          -------                            ---       ----
    Hyundai/Kia                                                                                                                                                                                                                                       $22,342                         $22,410                          $21,265                            5.1%      -0.3%
    -----------                                                                                                                                                                                                                                       -------                         -------                          -------                            ---       ----
    Nissan (Nissan, Infiniti)                                                                                                                                                                                                                         $27,704                         $27,652                          $27,770                           -0.2%       0.2%
    ------------------------                                                                                                                                                                                                                          -------                         -------                          -------                           ----        ---
    Toyota (Lexus, Scion,                                                                                                                                                                                                                             $28,396                         $27,910                          $27,442                            3.5%       1.7%
    Toyota)
    ------
    Volkswagen (Audi,                                                                                                                                                                                                                                 $33,610                         $33,408                          $33,004                            1.8%       0.6%
    Volkswagen)
    ----------
    Industry                                                                                                                                                                                                                                          $30,832                         $30,486                          $30,497                            1.1%       1.1%
    --------                                                                                                                                                                                                                                          -------                         -------                          -------                            ---        ---
    Manufacturer              November October November 2011 Incentives/ Avg. Percent Change November 2011
                                                            Transaction Price to November 2012               Percent Change October
                              2012 Incentives/            2012 Incentives/                                   2012 to November 2012
                              Avg. Transaction Price  Avg. Transaction Price
    ---                       ----------------------  ----------------------
    Chrysler (Chrysler,                              10.6%                  10.5% 11.2%                -0.6%                         0.1%
    Dodge, Jeep, Ram, Fiat)
    ----------------------
    Ford (Ford, Lincoln)                              8.2%                   7.8%  9.3%                -1.0%                         0.4%
    -------------------                               ---                    ---   ---                 ----                          ---
    GM (Buick, Cadillac,                              8.7%                   9.0%  9.4%                -0.7%                        -0.2%
    Chevrolet, GMC)
    --------------
    Honda (Acura, Honda)                              7.9%                   7.0%  8.8%                -0.9%                         1.0%
    -------------------                               ---                    ---   ---                 ----                          ---
    Hyundai/Kia                                       6.7%                   6.1%  5.8%                 0.9%                         0.5%
    -----------                                       ---                    ---   ---                  ---                          ---
    Nissan (Nissan, Infiniti)                        10.4%                   8.6% 10.6%                -0.2%                         1.8%
    ------------------------                         ----                    ---  ----                 ----                          ---
    Toyota (Lexus, Scion,                             6.6%                   5.8%  6.9%                -0.3%                         0.8%
    Toyota)
    ------
    Volkswagen (Audi,                                 7.1%                   6.8%  7.6%                -0.5%                         0.3%
    Volkswagen)
    ----------
    Industry                                          8.2%                   7.5%  8.6%                -0.5%                         0.6%
    --------                                          ---                    ---   ---                 ----                          ---

About TrueCar, Inc.

TrueCar, Inc., headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas, is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers. As an online publisher of unbiased new and used car transaction data, TrueCar.com provides price reports that empower dealers and consumers to agree on the parameters of a fair deal by supplying a transparent, simple understanding of what others recently paid for identically-equipped new cars in their geographic area. TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry and has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets.

TrueCar is a data-driven company that sources, compiles, and analyses car-buying information unlike anybody in the industry. This is why, since its founding in 2005, TrueCar dealer partners have sold over 600,000 vehicles across the country. Its national network of more than 5,200 Certified Dealers is committed to provide no-hassle pricing for some of the country’s largest membership and service organizations, including American Express, AAA, USAA and Consumer Reports that collectively represent more than one million monthly in-market customers.

You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.

Disclaimer
This press release and the information contained herein is for noncommercial use on “as-is, as available” basis and may be used for informational purposes only. TrueCar makes no representations or warranties, express or implied, with respect to the information contained in this press release and the results of the use of such information, including without limitation, the implied warranty of merchantability, fitness for a particular purpose and non-infringement. The information contained in this press release may include technical inaccuracies or typographical errors. Neither TrueCar nor any of its parents, subsidiaries, affiliates or respective partners, officers, directors, employees or agents shall be held liable for any damages, whether direct, incidental, indirect, special or consequential, including without limitation, lost revenues or lost profits arising from or in connection with your use or reliance on the information presented in this press release.

Contact: Chintan Talati
210-884-3675
chintan@truecar.com

SOURCE TrueCar, Inc.


Source: PR Newswire