Executive Vice President
TrueCar thinks that sale prices for new and used vehicles will increase this year and push revenue to its highest-ever level. The company estimates the average transaction price (ATP) for a new light vehicle in 2015 will be $32,589, up 2.1% over 2014. Used vehicle ATPs are also expected to increase by 3%, and will likely exceed $16,678 in pricing. With these high transaction price levels and robust total market volume, used and new vehicle revenue should combine to exceed $1.2 trillion for the first time ever.
Used Vehicle Sales in U.S. on Pace to Rise 3.8% to 38.4M Sold this Year:
This sales volume would generate $640B in revenue compared with $599.7B last year.
New Vehicle Sales Rose 5% in First Nine Months to Over 13M Units:
Strong performance with aging on-road fleet, confident consumers and solid economy reinforces TrueCar’s forecast.
TrueCar Raised 2015 New Vehicle Forecast by 200K Units to 17.4M Sold:
If it exceeds 17,403,216 sold in 2000, would be highest U.S. sales figure ever.