We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TrueCar Inc | NASDAQ:TRUE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -1.81% | 2.72 | 2.71 | 2.72 | 2.80 | 2.71 | 2.80 | 20,469 | 15:28:44 |
TrueCar, Inc. (NASDAQ: TRUE) projects total new vehicle sales, including fleet deliveries, will reach 1,366,900 units in November, up 3.6 percent from a year ago. However, adjusting for two more selling days this year than in November 2015, sales may decline 4.7 percent on a daily selling rate (DSR) basis.
This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 17.66 million units for the month, down from an 18.25 million-unit SAAR a year ago. Excluding fleet sales, U.S. retail deliveries of new cars and light trucks should decline 3.8 percent to 1,189,914 adjusted for selling days.
“The early launch of Black Friday sales events is helping offset declines in fleet sales this month, as the retail sales environment remains strong for new car sales,” said Eric Lyman, TrueCar’s chief industry analyst. “Incentives are also down slightly as automakers begin to address supply side imbalances with planned reductions in vehicle production.”
Incentive spending by automakers averaged an estimated $3,475 per vehicle in November, up 13 percent from a year ago, and down 1.4 percent from October 2016.
“With only one month of sales to go until the end of the year, it looks like we will not break the annual record for auto sales set in 2015, but from a historical context, 2016 will go down as a blockbuster year in terms of new car sales and the overall health of the automotive industry,” said Lyman.
General Motors continues to make gains in market share even as they continue to pull back on sales to the fleet channel.
The University of Michigan’s Consumer Sentiment Index is at 93.8 this month compared to 87.2 in October which further underscores the strength of a healthy US economy; the October unemployment rate came in at an eight year low of 4.9 percent in combination with a favorable average gas price of $2.13 recorded for this current week.
Other key findings for November:
Forecasts for the 12 largest manufacturers by volume:
Total Unit Sales
ManufacturerNovember2016 Forecast
November 2015% Change vs.November 2015
YoY %Change(Daily SellingRate)
BMW 36,000 36,521 -1.4% -9.3% Daimler 37,000 33,475 10.5% 1.7% FCA 162,800 177,057 -8.1% -15.4% Ford 187,500 186,889 0.3% -7.7% GM 255,000 229,296 11.2% 2.3% Honda 124,000 115,441 7.4% -1.2% Hyundai 62,200 60,007 3.7% -4.6% Kia 50,000 45,553 9.8% 1.0% Nissan 105,000 107,083 -1.9% -9.8% Subaru 52,000 46,070 12.9% 3.8% Toyota 197,000 189,517 3.9% -4.4% Volkswagen Group 47,100 45,284 4.0% -4.3% Industry 1,366,900 1,319,299 3.6% -4.7%Total Market Share
Manufacturer November 2016 Forecast November 2015 October 2016 BMW 2.6% 2.8% 2.0% Daimler 2.7% 2.5% 2.3% FCA 11.9% 13.4% 13.0% Ford 13.7% 14.2% 13.7% GM 18.7% 17.4% 18.8% Honda 9.1% 8.8% 9.2% Hyundai 4.6% 4.5% 4.5% Kia 3.7% 3.5% 3.6% Nissan 7.7% 8.1% 8.3% Subaru 3.8% 3.5% 3.9% Toyota 14.4% 14.4% 13.6% Volkswagen Group 3.4% 3.4% 3.5%Retail Unit Sales
ManufacturerNovember 2016Forecast
November 2015YoY %Change
YoY %Change(Daily SellingRate)
BMW 34,633 34,354 0.8% -7.3% Daimler 34,819 31,175 11.7% 2.8% FCA 137,800 139,767 -1.4% -9.3% Ford 145,950 145,399 0.4% -7.7% GM 210,000 189,533 10.8% 1.9% Honda 122,800 114,183 7.5% -1.1% Hyundai 43,200 40,961 5.5% -3.0% Kia 43,000 39,950 7.6% -1.0% Nissan 90,500 95,686 -5.4% -13.0% Subaru 50,667 44,696 13.4% 4.3% Toyota 183,083 176,226 3.9% -4.4% Volkswagen Group 44,743 41,799 7.0% -1.5% Industry 1,189,914 1,138,055 4.6% -3.8%Incentive Spending
ManufacturerIncentive per UnitNovember 2016Forecast
Incentive per Unit% Change vs.November 2015
Incentive per Unit% Change vs.October 2016
Total SpendingNovember 2016Forecast
BMW $6,279 25.3% -3.0% $225,591,077 Daimler $4,660 -4.3% -2.3% $172,432,476 FCA $4,154 17.9% -0.7% $672,051,475 Ford $3,982 23.0% -1.9% $746,576,551 GM $4,305 12.7% -3.4% $1,097,765,167 Honda $1,936 6.0% 1.9% $240,095,178 Hyundai $2,468 13.0% 0.0% $153,489,550 Kia $3,164 5.8% 1.0% $158,187,044 Nissan $4,209 12.4% -0.6% $441,952,967 Subaru $1,145 99.5% 4.4% $59,543,508 Toyota $2,420 2.7% -0.4% $476,674,493 Volkswagen Group $3,751 6.2% -2.7% $175,369,595 Industry $3,475 13.0% -1.4% $4,732,677,325(Note: This forecast is based solely on TrueCar’s analysis of industry sales trends and conditions and is not a projection of the company’s operations.)
About TrueCar
TrueCar, Inc. (NASDAQ: TRUE) is a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars and enables consumers to engage with TrueCar Certified Dealers who are committed to providing a superior purchase experience. TrueCar operates its own branded site and its nationwide network of more than 12,000 Certified Dealers also powers car-buying programs for some of the largest U.S. membership and service organizations, including USAA, AARP, American Express, AAA and Sam's Club. Over one third of all new car buyers engage with the TrueCar network during their purchasing process. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.
TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pressinquiries@truecar.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161129005534/en/
TrueCar, Inc.pressinquiries@truecar.comVeronica Cardenas424-258-2487VCardenas@truecar.com
1 Year TrueCar Chart |
1 Month TrueCar Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions