April 2016

TrueCar: March auto sales revenue poised to hit $55 billion in March

(April 1, 2016) SANTA MONICA, Calif. — TrueCar, Inc. estimates that U.S. new vehicle sales totaled $55 billion in March, up 9.7 percent from a year ago and the highest ever recorded for the month. It also marks the auto industry’s 27th consecutive month of year-over-year revenue expansion.

Record average transaction prices last month helped automakers post a $4.8 billion gain in revenue versus March 2015 despite a projected 10.4 percent increase in incentive spending. As previously announced, TrueCar estimates sales of new cars and light trucks grew 7.6 percent last month.

Kelley: New-car transaction prices up 2 percent In March

(April 1, 2016) IRVINE, Calif. — The analysts at Kelley Blue Book kbb.com today report the estimated average transaction price (ATP) for light vehicles in the United States was $33,666 in March. New-car prices have increased by $645 (up 2 percent) from March 2015, while remaining flat from last month.

"March average transaction prices reveal continued increases for nearly every manufacturer, with the industry average up 2 percent year-over-year," said Tim Fleming, analyst for Kelley Blue Book.