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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.03 | -1.04% | 2.85 | 2.61 | 3.13 | 2.92 | 2.85 | 2.86 | 76,347 | 01:00:00 |
“Not only are consumers preferring SUVs which are typically more expensive than their sedan counterparts, but they’re also choosing not to skimp on in-vehicle features and content, a positive indicator of consumer confidence in the economy,” said Oliver Strauss, Chief Economist at ALG, a subsidiary of TrueCar. “Automaker revenue is coming in strong as well, up 2.2% year-over-year, another signal that the automotive industry remains healthy.”
Additional Insights: (Forecast by ALG)
“In ALG’s Retail Health Index, Hyundai and Kia have shown enduring brand health this year bolstered by their dual SUV products,” said Eric Lyman, Chief Industry Analyst at ALG, a subsidiary of TrueCar. “Volkswagen is a bit of a surprise given they don’t have new products to compete with all the shiny new models out there, which is a testament to the overall strength of their lineup and the brand equity they have built that is sustaining them through their current lifecycles.”
November 2019 forecast for the 12 largest manufacturers by volume: For additional data visit the ALG Newsroom.
Average Transaction Price (ATP)
Manufacturer | Nov 2019 | Nov 2018 | Oct 2019 | YOY | MOM | |||
BMW | $56,131 | $53,536 | $56,131 | 4.8% | 0.0% | |||
Daimler | $64,003 | $64,047 | $59,974 | -0.1% | 6.7% | |||
FCA | $37,199 | $35,843 | $36,474 | 3.8% | 2.0% | |||
Ford | $40,160 | $38,914 | $39,959 | 3.2% | 0.5% | |||
GM | $38,209 | $38,393 | $39,304 | -0.5% | -2.8% | |||
Honda | $28,259 | $28,939 | $28,342 | -2.4% | -0.3% | |||
Hyundai | $24,817 | $22,571 | $24,913 | 10.0% | -0.4% | |||
Kia | $24,720 | $22,727 | $24,494 | 8.8% | 0.9% | |||
Nissan | $27,459 | $28,207 | $27,851 | -2.7% | -1.4% | |||
Subaru | $30,024 | $29,363 | $29,905 | 2.3% | 0.4% | |||
Toyota | $33,060 | $32,668 | $32,997 | 1.2% | 0.2% | |||
Volkswagen Group | $43,101 | $44,051 | $43,893 | -2.2% | -1.8% | |||
Industry | $35,623 | $35,163 | $35,471 | 1.3% | 0.4% |
Incentives
Manufacturer | Nov 2019 | Nov 2018 | Oct 2019 | YOY | MOM | ||||
BMW | $5,101 | $5,447 | $4,859 | -6.3% | 5.0% | ||||
Daimler | $6,004 | $6,542 | $5,925 | -8.2% | 1.3% | ||||
FCA | $4,642 | $4,381 | $4,789 | 6.0% | -3.1% | ||||
Ford | $4,353 | $4,387 | $4,745 | -0.8% | -8.3% | ||||
GM | $4,713 | $4,586 | $5,102 | 2.8% | -7.6% | ||||
Honda | $2,232 | $2,041 | $2,278 | 9.4% | -2.0% | ||||
Hyundai | $2,584 | $2,532 | $2,751 | 2.1% | -6.1% | ||||
Kia | $3,549 | $3,359 | $3,522 | 5.7% | 0.8% | ||||
Nissan | $4,324 | $4,574 | $4,479 | -5.5% | -3.5% | ||||
Subaru | $1,225 | $1,146 | $1,205 | 6.9% | 1.6% | ||||
Toyota | $2,597 | $2,572 | $2,589 | 1.0% | 0.3% | ||||
Volkswagen Group | $3,923 | $4,044 | $4,203 | -3.0% | -6.7% | ||||
Industry | $3,759 | $3,716 | $3,896 | 1.2% | -3.5% |
Incentives as a Percentage of Average Transaction Price (ATP)
Manufacturer | Nov 2019 | Nov 2018 | Oct 2019 | YOY | MOM | |
BMW | 9.1% | 10.2% | 8.7% | -10.7% | 5.0% | |
Daimler | 9.4% | 10.2% | 9.9% | -8.2% | -5.1% | |
FCA | 12.5% | 12.2% | 13.1% | 2.1% | -5.0% | |
Ford | 10.8% | 11.3% | 11.9% | -3.9% | -8.7% | |
GM | 12.3% | 11.9% | 13.0% | 3.3% | -5.0% | |
Honda | 7.9% | 7.1% | 8.0% | 12.0% | -1.7% | |
Hyundai | 10.4% | 11.2% | 11.0% | -7.2% | -5.7% | |
Kia | 14.4% | 14.8% | 14.4% | -2.9% | -0.2% | |
Nissan | 15.7% | 16.2% | 16.1% | -2.9% | -2.1% | |
Subaru | 4.1% | 3.9% | 4.0% | 4.5% | 1.2% | |
Toyota | 7.9% | 7.9% | 7.8% | -0.2% | 0.1% | |
Volkswagen Group | 9.1% | 9.2% | 9.6% | -0.8% | -4.9% | |
Industry | 10.6% | 10.6% | 11.0% | -0.2% | -3.9% |
Retail Health Index
RHI measures the changes in retail market share relative to changes in incentive spending and transaction price to gauge whether OEMs are "buying" retail share through increased incentives, or whether share increases are largely demand-driven. An OEM with a positive RHI score is demonstrating a healthy balance of incentive spend relative to market share, either by holding incentive spending flat and increasing share or by increasing incentives with a higher positive increase in retail share.
Mainstream | ||
Nov 2019 | YOY Change | MOM Change |
Buick | -3.8% | 0.0% |
Chevrolet | -2.2% | -1.2% |
Chrysler | -0.8% | 0.5% |
Dodge | 2.0% | 0.1% |
Fiat | 7.4% | 1.0% |
Ford | -1.2% | -0.1% |
GMC | -1.8% | 0.7% |
Honda | 0.3% | 0.1% |
Hyundai | 2.6% | 0.3% |
Jeep | 0.5% | 0.0% |
Kia | 2.9% | 0.2% |
Mazda | 0.2% | -0.2% |
MINI | 1.4% | 0.1% |
Mitsubishi | 2.4% | 0.6% |
Nissan | -0.3% | 0.9% |
Ram | -2.3% | 1.0% |
Subaru | 0.4% | 0.9% |
Toyota | 1.3% | 0.0% |
Volkswagen | 2.9% | -0.7% |
Luxury | ||
Nov 2019 | YOY Change | MOM Change |
Acura | -3.1% | -0.4% |
Alfa Romeo | 0.6% | -1.0% |
Audi | -2.9% | -0.9% |
BMW | 1.2% | 0.6% |
Cadillac | -1.2% | 0.5% |
Genesis | -5.3% | 0.2% |
INFINITI | -2.1% | 0.0% |
Jaguar | -1.1% | 0.3% |
Land Rover | -1.6% | 0.8% |
Lexus | -0.1% | 0.5% |
Lincoln | 1.0% | -0.2% |
Maserati | -1.7% | -0.5% |
Mercedes-Benz | 0.2% | 0.4% |
Porsche | 0.5% | 0.0% |
Volvo | -2.5% | -0.5% |
(Note: This forecast is based solely on ALG’s analysis of industry sales trends and conditions and is not a projection of the TrueCar Inc.’s operations.)
About TrueCarTrueCar, 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 16,500 Certified Dealers, and 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. Nearly half of all new car buyers engage with the TrueCar network during their purchasing process. TrueCar is headquartered in Santa Monica, California, with an office in Austin, Texas.
For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com
About ALGFounded in 1964 and headquartered in Santa Monica, California, ALG is an industry authority on automotive residual value projections in both the United States and Canada. By analyzing nearly 2,500 vehicle trims each year to assess residual value, ALG provides auto industry and financial services clients with market industry insights, residual value forecasts, consulting and vehicle portfolio management and risk services. ALG is a wholly-owned subsidiary of TrueCar, Inc., a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars. ALG has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 55 years and in Canada since 1981.
TrueCar & ALG PR Contact: Shadee Malekafzali pr@truecar.com shadee@truecar.com
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