May 2013 New Car Sales Expected to Be Up Almost Nine Percent According to TrueCar; May 2013 SAAR at 15.2M, Highest May SAAR

  May 2013 New Car Sales Expected to Be Up Almost Nine Percent According to
         TrueCar; May 2013 SAAR at 15.2M, Highest May SAAR Since 2007

Estimated incentive spending down three percent since last year at $2,482 per

PR Newswire

SANTA MONICA, Calif., May 23, 2013

SANTA MONICA, Calif., May 23, 2013 /PRNewswire/, the authority
on new car pricing information, trends and forecasting, today released its May
2013 sales and incentives forecast. The forecast shows the following:


  oForMay 2013, new light vehicle sales in the U.S. (including fleet) is
    expected to be 1,435,495 units, up 8.5 percent fromMay 2012 and up 12.1
    percent fromApril 2013 (on an unadjusted basis).
  oThe May 2013 forecast translates into a Seasonally Adjusted Annualized
    Rate ("SAAR") of 15.2 million new car sales, up from 14.9 April 2013 and
    up from 13.9 million in May 2012.
  oRetail sales are up almost six percent compared to May 2012 and up twelve
    percent from April 2013.
  oFleet and rental sales are expected to make up 20.2 percent of total
    industry sales in May 2013.
  oThe industry average incentive spending per unit will be approximately
    $2,482 in May 2013, which represents a decrease of 3 percent from May 2012
    and is down 1.7 percent from April 2013.
  oUsed car sales* are estimated to be 3,345,674. The ratio of new to used
    is estimated to be 1:3 for May 2013.

"Full size truck sales continue to gain momentum in May and we expect the
segment to post a 22 percent increase compared to the nearly nine percent
industry increase," said Jesse Toprak, senior analyst for
"Stability in the industry is now the norm, which is a positive for automakers
as it results in the ability to optimize production levels, therefore
improving profitability."

Forecasts for the top eight manufacturers for May 2013:

Unit Sales
Manufacturer     May 2013 Forecast % Change vs. April     % Change vs. May
                                   2013                   2012
Chrysler         139,436           -10.4%                 -6.2%
Ford             246,829           18.4%                  20.1%
GM               266,167           12.0%                  8.5%
Honda            143,107           9.2%                   6.8%
Hyundai/Kia      119,222           7.5%                   0.4%
Nissan           115,120           31.0%                  25.4%
Toyota           213,317           21.1%                  5.1%
Volkswagen Group 57,988            14.1%                  9.4%
Industry         1,435,495         12.1%                  8.5%

Market Share
Manufacturer     May 2013 Forecast April 2013 May 2012
Chrysler         9.7%              12.2%      11.2%
Ford             17.2%             16.3%      15.5%
GM               18.5%             18.6%      18.5%
Honda            10.0%             10.2%      10.1%
Hyundai/Kia      8.3%              8.7%       9.0%
Nissan           8.0%              6.9%       6.9%
Toyota           14.9%             13.8%      15.3%
Volkswagen Group 4.0%              4.0%       4.0%

Incentive Spending
                 May 2013   % Change vs. April     % Change
Manufacturer     Incentives 2013                   vs. May  Total Spending
Chrysler         $3,223     -2.9%                  2.6%     $   449,460,344
Ford             $2,990     2.3%                   12.7%    $   737,986,768
GM               $3,254     -10.5%                 -3.4%    $   865,975,132
Honda            $1,810     12.8%                  -23.1%   $   258,954,006
Hyundai/Kia      $1,405     1.6%                   13.1%    $   167,477,888
Nissan           $1,821     -15.9%                 -34.2%   $   209,688,952
Toyota           $1,925     22.5%                  -2.2%    $   410,560,641
Volkswagen Group $2,393     1.2%                   -5.9%    $   138,759,116
Industry         $2,482     -1.7%                  -3.0%    $ 3,562,162,196

"Incentive spending has continued to decline in May, painting an even better
picture of profitability for automakers," said Kristen Andersson, analyst for "In May, Nissan was the only major automaker to decrease
incentive spending, post a double digit sales increase and gain a full
percentage point of market share compared to last year, due to continued
interest in the redesigned Altima." bases its forecast on actual transaction data. The transaction
data based forecast is refined by other current and historical factors that
impact vehicle sales, including sales, inventory, incentives, fuel prices,
and macro economic data (major stock market indexes, consumer confidence, new
home starts and CPI). does not adjust for selling days in
year-over-year percentage change calculations.

*Used car sales figures include sales from franchise dealerships, independent
dealerships and private party sales

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, 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
similarly-equipped new cars in their geographic area. TrueCar also owns ALG,
the benchmark for vehicle value information in the auto industry and has been
forecasting residual values for nearly 50 years in the U.S. and Canadian

TrueCar is a data-driven company that sources, compiles and analyzes
car-buying information unlike anybody in the industry. Since its founding in
2005, TrueCar dealer partners have sold over 700,000 vehicles across the
country. Its national network of nearly 6,000 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

You can follow TrueCar onTwitter(@TrueCar) and become a fan of TrueCar

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Contact: Michael Cooperman, +1-818-427-8294,
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