JUNE 2013 NEW CAR SALES EXPECTED TO BE UP NEARLY EIGHT PERCENT ACCORDING TO TRUECAR

Company press release.

Estimated incentive spending down 0.6 percent since last year at $2,537 per vehicle

SANTA MONICA, Calif., (June 25, 2013) – TrueCar.com, the authority on new car pricing information, trends and forecasting, today released its June 2013 sales and incentives forecast. The forecast shows the following:

◾ For June 2013, new light vehicle sales in the U.S. (including fleet) is expected to be 1,380,543 units, up 7.8 percent from June 2012 and down 3.9 percent from May 2013 (on an unadjusted basis).

◾ The June 2013 forecast translates into a Seasonally Adjusted Annualized Rate ('SAAR') of 15.7 million new car sales, up from 15.3 million in May 2013 and up from 14.4 million in June 2012.

◾ Retail sales are up almost seven percent compared to June 2012 and down four percent from May 2013.

◾ Fleet and rental sales are expected to make up 18.7 percent of total industry sales in June 2013.

◾ The industry average incentive spending per unit will be approximately $2,537 in June 2013, which represents a decrease of 0.6 percent from June 2012 and is down 4.4 percent from May 2013.

◾ Used car sales* are estimated to be 3,225,454. The ratio of new to used is estimated to be 1:3 for June 2013.

'Despite the lackluster performance in financial markets in June, new vehicle sales reached their highest levels in six years – yet more proof that the recent surge in consumer demand is real and not going anywhere,'said Jesse Toprak, senior analyst for TrueCar.com. 'The better news for the automakers is that they are back to selling nearly 16 million units a year collectively whilespending less on incentives, thanks to the best selection of vehicles ever in their showrooms; product is the king once again.'

posted on conceptcarz.com

JUNE 2013 NEW CAR SALES EXPECTED TO BE UP NEARLY EIGHT PERCENT ACCORDING TO TRUECAR

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