New and Used Sales Revenue Could Reach Highest Level Ever in 2015

Lar­ry Dominique
Exec­u­tive Vice Pres­i­dent
True­Car

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.

Read more about TrueCar’s fore­cast for 2015 new and used vehi­cle sales

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.

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