TrueCar Forecasts Rise in March Sales

PR Newswire - March 26, 2013

TrueCar.com has released its March 2013 sales and incen­tives fore­cast with new light vehi­cle sales show­ing a sig­nif­i­cant rise over Feb­ru­ary 2013 fig­ures.

Get the details on new and used-vehi­cle March esti­mates.

  • For March 2013, new light vehi­cle sales in the U.S. (includ­ing fleet) is expect­ed to be 1,466,956 units, up 4.5 per­cent from March 2012 and up 23.1 per­cent from Feb­ru­ary 2013 (on an unad­just­ed basis).
  • The March 2013 fore­cast trans­lates into a Sea­son­al­ly Adjust­ed Annu­al­ized Rate (“SAAR”) of 15.42 mil­lion new car sales, up from 15.4 mil­lion in Feb­ru­ary 2013 and up from 14.1 mil­lion in March 2012.
  • Retail sales are up 4.2 per­cent com­pared to March 2012 and up 20.2 per­cent from Feb­ru­ary 2013.
  • Fleet and rental sales are expect­ed to make up 21.0 per­cent of total indus­try sales in March 2013.
  • The indus­try aver­age incen­tive spend­ing per unit will be approx­i­mate­ly $2,523 in March 2013, which rep­re­sents a decrease of 1.7 per­cent from March 2012 and is unchanged from Feb­ru­ary 2013.
  • Used car sales* are esti­mat­ed to be 2,891,896. The ratio of new to used is esti­mat­ed to be 1:2 for March 2013.

Read the full arti­cle on sales fig­ures, mar­ket share and incen­tives here.

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