TrueCar: February Sales, SAAR Expected to Rise

PR Newswire - February 25, 2013

Look­ing ahead to Feb­ru­ary auto sales results, TrueCar.com fore­casts a con­tin­ued rise in new and used-car sales, a rise in SAAR lev­el over last year, and incen­tive spend­ing reduc­tion.

Get the facts and fig­ures on the TrueCar.com fore­cast.

  • For Feb­ru­ary 2013, new light vehi­cle sales in the U.S. (includ­ing fleet) is expect­ed to be 1,214,194 units, up 5.7 per­cent from Feb­ru­ary 2012 and up 16.5 per­cent from Jan­u­ary 2013 (on an unad­just­ed basis)
  • The Feb­ru­ary 2013 fore­cast trans­lates into a Sea­son­al­ly Adjust­ed Annu­al­ized Rate (“SAAR”) of 15.7 mil­lion new car sales, up from 14.5 mil­lion in Feb­ru­ary 2012 and up from 15.3 mil­lion in Jan­u­ary 2013
  • Retail sales are up 5.2 per­cent com­pared to Feb­ru­ary 2012 and up 20.6 per­cent from Jan­u­ary 2013
  • Fleet and rental sales are expect­ed to make up 21 per­cent of total indus­try sales in Feb­ru­ary 2013
  • The indus­try aver­age incen­tive spend­ing per unit will be approx­i­mate­ly $2,392 in Feb­ru­ary 2013, which rep­re­sents a decrease of 3.9 per­cent from Feb­ru­ary 2012 and an increase of 1.8 per­cent from Jan­u­ary 2013
  • Used car sales* are esti­mat­ed to be 3,402,345, up from 3.25 mil­lion Feb­ru­ary 2012. The ratio of new to used is esti­mat­ed to be 1:3 for Feb­ru­ary 2013
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