New Car Transaction Prices in June 2013 Up 2.0 Percent to $31,125, 2nd Highest Average Transaction Price ever; Ford, Honda Reach

New Car Transaction Prices in June 2013 Up 2.0 Percent to $31,125, 2nd Highest
  Average Transaction Price ever; Ford, Honda Reach New Highs, According to
                                   TrueCar

Incentives Drop 0.6 Percent from Last Year; Down 4.4% since last month

PR Newswire

SANTA MONICA, Calif., July 2, 2013

SANTA MONICA, Calif., July 2, 2013 /PRNewswire/ --TrueCar, Inc. the
automotive pricing information and analysis company that creates a better
buying experience for dealers and consumers, estimated today that the average
transaction price (ATP) for light vehicles in the United States was $31,125 in
June 2013, up $617 (2.0 percent) over June 2012; and up $147 (0.5 percent)
from May 2013.

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"Consumer confidence is continuing to fuel demand for new vehicles and
consumers' preference for high-contented vehicles is sending prices higher,"
said Jesse Toprak, senior analyst for TrueCar. "Ford and Honda are both at
record highs, and GM is $1 shy of its highest-ever average transaction price,
which has brought the industry average to its second-highest level ever. Our
data shows the only month with a higher industry average transaction price was
December of last year."

                                                            Percent   Percent
                        June 2013   May 2013    June 2012   Change    Change
Manufacturer            Transaction Transaction Transaction June 2012 May 2013
                        Price       Price       Price       to June   to June
                                                            2013      2013
Chrysler (Chrysler,     $29,876     $29,964     $ 29,590    1.0%      -0.3%
Dodge, Jeep, Ram, Fiat)
Ford (Ford, Lincoln)    $33,272     $33,089     $ 31,947    4.1%      0.6%
GM (Buick, Cadillac,    $33,218     $33,147     $ 32,824    1.2%      0.2%
Chevrolet, GMC)
Honda (Acura, Honda)    $27,165     $27,082     $ 27,055    0.4%      0.3%
Hyundai/Kia             $22,529     $22,608     $ 22,121    1.8%      -0.3%
Nissan (Nissan,         $28,311     $27,816     $ 28,283    0.1%      1.8%
Infiniti)
Toyota (Lexus, Scion,   $29,177     $29,004     $ 27,910    4.5%      0.6%
Toyota)
Volkswagen (Audi,       $33,802     $33,698     $ 33,368    1.3%      0.3%
Porsche, Volkswagen)
Industry                $31,125     $30,978     $ 30,508    2.0%      0.5%

In addition, TrueCar estimated that the average incentive for light vehicles
was $2,537 in June 2013, down $16 (0.6 percent) from June 2012; and down $118
(-4.4%) from May 2013.

                                                          Percent   Percent
                         June 2013  May 2013   June 2012  Change    Change May
Manufacturer             Incentives Incentives Incentives June 2012 2013 to
                                                          to June   June 2013
                                                          2013
Chrysler (Chrysler,      $ 3,103   $ 3,262   $  3,241  -4.3%     -4.9%
Dodge, Jeep, Ram, Fiat)
Ford (Ford, Lincoln)     $ 2,964   $ 3,075   $  2,517  17.7%     -3.6%
GM (Buick, Cadillac,     $ 3,513   $ 3,651   $  3,240  8.4%      -3.8%
Chevrolet, GMC)
Honda (Acura, Honda)     $ 1,690   $ 1,811   $  2,300  -26.5%    -6.7%
Hyundai/Kia              $ 1,379   $ 1,528   $  1,253  10.1%     -9.8%
Nissan (Nissan,          $ 2,496   $ 2,805   $  3,060  -18.4%    -11.0%
Infiniti)
Toyota (Lexus, Scion,    $ 1,660   $ 1,804   $  1,810  -8.3%     -8.0%
Toyota)
Volkswagen (Audi,        $ 2,581   $ 2,564   $  2,888  -10.6%    0.7%
Porsche, Volkswagen)
Industry                 $ 2,537   $ 2,655   $  2,553  -0.6%     -4.4%

TrueCar estimated the ratio of incentives to average transaction price for
light vehicles was 8.2 percent in June, down from 8.4 percent in June 2012 and
down from 8.6 percent in May 2013.

                                              June 2012       Percent Percent
              June 2013       May 2013        Incentives/     Change  Change
Manufacturer  Incentives/Avg. Incentives/Avg. Avg.            June    May 2013
              Transaction     Transaction     Transaction     2012 to to June
              Price           Price           Price           June    2013
                                                              2013
Chrysler
(Chrysler,    10.4%           10.9%           11.0%           -0.6%   -0.5%
Dodge, Jeep,
Ram, Fiat)
Ford (Ford,   8.9%            9.3%            7.9%            1.0%    -0.4%
Lincoln)
GM (Buick,
Cadillac,     10.6%           11.0%           9.9%            0.7%    -0.4%
Chevrolet,
GMC)
Honda (Acura, 6.2%            6.7%            8.5%            -2.3%   -0.5%
Honda)
Hyundai/Kia   6.1%            6.8%            5.7%            0.5%    -0.6%
Nissan
(Nissan,      8.8%            10.1%           10.8%           -2.0%   -1.3%
Infiniti)
Toyota
(Lexus,       5.7%            6.2%            6.5%            -0.8%   -0.5%
Scion,
Toyota)
Volkswagen
(Audi,        7.6%            7.6%            8.7%            -1.0%   0.0%
Porsche,
Volkswagen)
Industry      8.2%            8.6%            8.4%            -0.2%   -0.4%

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
similarly-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 analyzes
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 6,100 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: Mike Cooperman, mcooperman@truecar.com (818) 427-8294; Dan Smith,
PCGCampbell, dsmith@pcgcampbell.com (424) 903-3654