APRIL SAAR TO HIT 16.2 MILLION VEHICLES, ACCORDING TO TRUECAR

Company press release.

Estimated incentive spending hits $2,750 per vehicle

SANTA MONICA, Calif., (April 24, 2014) – TrueCar, the negotiation-free car-buying platform, today released its April 2014 sales and incentives forecast, which shows the following:

◾New light vehicle sales in the U.S. (including fleet) are expected to reach 1,382,000 units, up 7.5 percent from April 2013 and down 10.0 percent from March 2014.

◾Seasonally Adjusted Annualized Rate ('SAAR') of 16.2 million new vehicle sales is up 9.2 percent from April 2013 and down 0.5 percent over March 2014.

◾Share of retail sales is expected to be up 2.2 percent compared to April 2013 and up 2.8 percent from March 2014.

◾Fleet and rental sales are expected to make up 16.9 percent of total industry sales in April 2014.

◾The industry average incentive spending per unit will be approximately $2,751 in April 2014, an increase of 8.9 percent from April 2013 and an increase of 1.0 percent from March 2014.

◾Used car sales* are estimated to be 3,404,000. The ratio of new to used is estimated to be 1:2.5 for April 2014.

'Automakers were determined to make sure March sales momentum continued in April, putting sales back on track for 2014,' said Larry Dominique, President of ALG and Executive Vice President of TrueCar. 'This month, the Asian manufacturers turned up the incentive dial, while the Domestic manufacturers remained more restrained.'