Transaction Prices in January 2013 Decrease from Last Month; Industry Incentives Decline 12 Percent From Last Month According to

    Transaction Prices in January 2013 Decrease from Last Month; Industry
      Incentives Decline 12 Percent From Last Month According to TrueCar

Industry Transaction Prices Declined 1.3 Percent for December 2012; Industry
Incentive Decline 12.2 Percent from December 2012

PR Newswire

SANTA MONICA, Calif., Feb. 1, 2013

SANTA MONICA, Calif., Feb. 1, 2013 /PRNewswire/ --TrueCar, Inc. the authority
on car pricing information, trends and forecasts, estimated today that the
average transaction price for light vehicles in the United States was $30,812
in January 2013, up $300 (1.0 percent) from January 2012 and down $416 (1.3
percent) from December 2012.

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"Transaction prices continue to be at record levels as attractive leases and
low cost financing options are enabling consumers to afford more expensive
vehicles with rich content while keeping their monthly payments at about the
same levels," said Jesse Toprak, Senior Analyst for TrueCar. "Automakers are
getting better at employing "smart incentives" that produce better returns vs.
the one-size-fits-all programs of the pre-recession days.

                                                              Percent Percent

                                      December    January     Change  Change
                         January2013
                                      2012        2012        January December
Manufacturer             Transaction
                                      Transaction Transaction 2012 to 2012 to
                         Price
                                      Price       Price       January January

                                                              2013    2013
Chrysler (Chrysler,
                         $28,251      $30,011     $29,177     -3.2%   -5.9%
Dodge, Jeep, Ram, Fiat)
Ford (Ford, Lincoln)     $32,598      $33,010     $31,769     2.6%    -1.2%
GM (Buick, Cadillac,
                         $32,846      $33,219     $32,971     -0.4%   -1.1%
Chevrolet, GMC)
Honda (Acura, Honda)     $26,898      $27,062     $26,022     3.4%    -0.6%
Hyundai/Kia              $22,471      $22,547     $21,339     5.3%    -0.3%
Nissan (Nissan,          $27,702      $28,127     $28,014     -1.1%   -1.5%
Infiniti)
Toyota (Lexus, Scion,
                         $28,403      $28,576     $27,258     4.2%    -0.6%
Toyota)
Volkswagen (Audi,
                         $33,479      $33,914     $33,096     1.2%    -1.3%
Volkswagen)
Industry                 $30,812      $31,228     $30,512     1.0%    -1.3%

In addition, TrueCar estimated that the average incentive for light-vehicles
was $2,274 in January 2013, down $206 (8.3 percent) from January 2012 and down
$317 (12.2 percent) from December 2012.

                                                           Percent Percent

                                                           Change  Change
                          January    December   January
                                                           January December
Manufacturer              2013       2012       2012
                                                           2012 to 2012 to
                          Incentives Incentives Incentives
                                                           January January

                                                           2013    2013
Chrysler (Chrysler,
                          $2,973     $3,102     $3,160     -5.9%   -4.2%
Dodge, Jeep, Ram, Fiat)
Ford (Ford, Lincoln)      $2,643     $2,792     $2,886     -8.4%   -5.3%
GM (Buick, Cadillac,
                          $3,150     $3,522     $3,071     2.6%    -10.6%
Chevrolet, GMC)
Honda (Acura, Honda)      $1,194     $1,657     $2,127     -43.9%  -27.9%
Hyundai/Kia               $1,243     $1,477     $1,198     3.7%    -15.8%
Nissan (Nissan, Infiniti) $2,084     $2,629     $2,764     -24.6%  -20.7%
Toyota (Lexus, Scion,
                          $1,660     $1,930     $1,717     -3.3%   -14.0%
Toyota)
Volkswagen (Audi,
                          $2,276     $2,385     $2,171     4.8%    -4.6%
Volkswagen)
Industry                  $2,274     $2,591     $2,481     -8.3%   -12.2%

TrueCar estimated that the ratio of incentives to average transaction price
for light-vehicles was 7.4 percent in January 2013, down from 8.1 percent in
January 2012 and down from 8.3 percent in December 2012.

                          January     December    January     Percent Percent

                          2013        2012        2012        Change  Change

                          Incentives/ Incentives/ Incentives/ January December
Manufacturer
                          Avg.        Avg.        Avg.        2012 to 2012 to

                          Transaction Transaction Transaction January January

                          Price       Price       Price       2013    2013
Chrysler (Chrysler,
                          10.5%       10.3%       10.8%       -0.3%   0.2%
Dodge, Jeep, Ram, Fiat)
Ford (Ford, Lincoln)      8.1%        8.5%        9.1%        -1.0%   -0.3%
GM (Buick, Cadillac,
                          9.6%        10.6%       9.3%        0.3%    -1.0%
Chevrolet, GMC)
Honda (Acura, Honda)      4.4%        6.1%        8.2%        -3.7%   -1.7%
Hyundai/Kia               5.5%        6.5%        5.6%        -0.1%   -1.0%
Nissan (Nissan, Infiniti) 7.5%        9.3%        9.9%        -2.3%   -1.8%
Toyota (Lexus, Scion,
                          5.8%        6.8%        6.3%        -0.5%   -0.9%
Toyota)
Volkswagen (Audi,
                          6.8%        7.0%        6.6%        0.2%    -0.2%
Volkswagen)
Industry                  7.4%        8.3%        8.1%        -0.7%   -0.9%

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 nearly 700,000 vehicles
across the country. Its national network of more than 5,400 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 without limitation, the
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, Inc.

Website: http://www.truecar.com
Contact: Chintan Talati, chintan@truecar.com, +1-210-884-3675
 
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