/C O R R E C T I O N -- TrueCar.com/ PR Newswire SANTA MONICA, Calif., Dec. 3, 2012 In the news release, Transaction Prices in November 2012 Rise To Highest Levels In Almost a Year; Industry Incentives Rise Nearly 20 Percent From Last Month According to TrueCar, issued 03-Dec-2012 by TrueCar.com over PR Newswire, we are advised by the company that in the incentives chart, Truecar had estimated Nissan's incentives spend at $4,273. This number was mistakenly used and is only for the Infiniti brand. The new estimated spend for Nissan, which includes both Nissan and Infiniti is $2,682. Due to this change, the percentage change for month-to-month and year-over-year also changed. The complete, corrected release follows: Transaction Prices in November 2012 Rise To Highest Levels In Almost a Year; Industry Incentives Rise Nearly 20 Percent From Last Month According to TrueCar Industry Transaction Prices Highest Since December 2011; Industry Incentive Spending Highest Since August 2010 SANTA MONICA, Calif., Dec. 3, 2012 /PRNewswire/ -- TrueCar, the authority on car pricing information, trends and forecasts, estimated today that the average transaction price for light vehicles in the United States was $30,832 in November 2012, up $335 (1.1 percent) from November 2011 and up $346 (1.1 percent) from October 2012. (Logo: http://photos.prnewswire.com/prnh/20110118/LA31413LOGO) "Industry average transaction prices climb once again with consumers' continued appetite for highly contended vehicles," said Jesse Toprak, Senior Analyst at TrueCar. "Today's consumers value a nicely equipped vehicle as much as they do a low cost of ownership. Automakers are getting better at providing all the modern conveniences consumers come to expect for more of their models, resulting in higher overall prices hence improved profitability." Percent October Percent Change Change November 2012 November 2011 November 2011 October Manufacturer Transaction 2012 Transaction to November Price Transaction Price 2012 2012 to Price November 2012 Chrysler (Chrysler, $29,796 $29,541 $29,071 2.5% 0.9% Dodge, Jeep, Ram, Fiat) Ford (Ford, $32,543 $32,141 $31,498 3.3% 1.3% Lincoln) GM (Buick, Cadillac, $32,891 $32,547 $33,027 -0.4% 1.1% Chevrolet, GMC) Honda (Acura, $26,897 $27,011 $26,529 1.4% -0.4% Honda) Hyundai/Kia $22,342 $22,410 $21,265 5.1% -0.3% Nissan (Nissan, $27,704 $27,652 $27,770 -0.2% 0.2% Infiniti) Toyota (Lexus, Scion, $28,396 $27,910 $27,442 3.5% 1.7% Toyota) Volkswagen (Audi, $33,610 $33,408 $33,004 1.8% 0.6% Volkswagen) Industry $30,832 $30,486 $30,497 1.1% 1.1% In addition, TrueCar estimated that the average incentive for light-vehicles was $2,764 in November 2012, up $117 (4.4 percent) from November 2011 and up $447 (19.3 percent) from October 2012. Percent Percent Change November 2012 October November Change October Manufacturer Incentives 2012 2011 November Incentives Incentives 2011 to 2012 to November November 2012 2012 Chrysler (Chrysler, $2,526 $3,062 $3,237 -22.0% -17.5% Dodge, Jeep, Ram, Fiat) Ford (Ford, Lincoln) $2,307 $2,522 $2,923 -21.1% -8.5% GM (Buick, Cadillac, $3,720 $2,915 $3,100 20.0% 27.6% Chevrolet, GMC) Honda (Acura, Honda) $2,428 $1,882 $2,333 4.1% 29.0% Hyundai/Kia $1,586 $1,375 $1,227 29.2% 15.3% Nissan (Nissan, $2,682 $2,375 $2,949 -9.1% 13% Infiniti) Toyota (Lexus, Scion, $2,075 $1,622 $1,899 9.2% 27.9% Toyota) Volkswagen (Audi, $2,259 $2,264 $2,504 -9.8% -0.2% Volkswagen) Industry $2,764 $2,317 $2,647 4.4% 19.3% TrueCar estimated that the ratio of incentives to average transaction price for light-vehicles was 9.0 percent in November 2012, up from 8.7 percent in November 2011 and up from 7.6 percent in October 2012. November October Percent November Change 2012 2012 2011 Percent Change October Manufacturer Incentives/ Incentives/ Incentives/ November 2011 to Avg. November 2012 2012 to Avg. Avg. Transaction November Transaction Transaction Price 2012 Price Price Chrysler (Chrysler, 8.5% 10.4% 11.1% -2.7% -1.9% Dodge, Jeep, Ram, Fiat) Ford (Ford, 7.1% 7.8% 9.3% -2.2% -0.8% Lincoln) GM (Buick, Cadillac, 11.3% 9.0% 9.4% 1.9% 2.4% Chevrolet, GMC) Honda (Acura, 9.0% 7.0% 8.8% 0.2% 2.1% Honda) Hyundai/Kia 7.1% 6.1% 5.8% 1.3% 1.0% Nissan (Nissan, 15.4% 8.6% 10.6% 4.8% 6.8% Infiniti) Toyota (Lexus, Scion, 7.3% 5.8% 6.9% 0.4% 1.5% Toyota) Volkswagen (Audi, 6.7% 6.8% 7.6% -0.9% -0.1% Volkswagen) Industry 9.0% 7.6% 8.7% 0.3% 1.4% About TrueCar, Inc. TrueCar, Inc., headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas, is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers. As an online publisher of unbiased new and used car transaction data, TrueCar.com provides price reports that empower dealers and consumers to agree on the parameters of a fair deal by supplying a transparent, simple understanding of what others recently paid for identically-equipped new cars in their geographic area. TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry and has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets. TrueCar is a data-driven company that sources, compiles, and analyses car-buying information unlike anybody in the industry. This is why, since its founding in 2005, TrueCar dealer partners have sold over 600,000 vehicles across the country. Its national network of more than 5,200 Certified Dealers is committed to provide no-hassle pricing for some of the country's largest membership and service organizations, including American Express, AAA, USAA and Consumer Reports that collectively represent more than one million monthly in-market customers. You can follow TrueCar onTwitter(@TrueCar) and become a fan of TrueCar onFacebookandGoogle+. Disclaimer This press release and the information contained herein is for noncommercial use on "as-is, as available" basis and may be used for informational purposes only. TrueCar makes no representations or warranties, express or implied, with respect to the information contained in this press release and the results of the use of such information, including but not limited to implied warranty of merchantability, fitness for a particular purpose and non-infringement. The information contained in this press release may include technical inaccuracies or typographical errors. Neither TrueCar nor any of its parents, subsidiaries, affiliates or respective partners, officers, or directors, employees or agents shall be held liable for any damages, whether direct, incidental, indirect, special or consequential, including without limitation lost revenues or lost profits, arising from or in connection with your use or reliance on the information presented in this press release. SOURCE TrueCar.com Website: http://www.truecar.com Contact: Chintan Talati, +1-210-884-3675, email@example.com
/C O R R E C T I O N -- TrueCar.com/
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