ALG Forecasts Average New Vehicle Transaction Price to Reach $35,667 for March 2020, up 3.2% Year Over Year
2020年4月1日 - 10:00PM
ALG, Inc., a subsidiary of TrueCar, Inc., and the industry
benchmark for determining the future resale value of a vehicle,
projects average transaction prices (ATP) to be up 3.2% or $1,108
from a year ago and up 0.6% or $208 from February 2020.
“Before we get too excited that we are not seeing a decline in
average transaction prices, along with the steep sales decline, we
must bear in mind that the Coronavirus pandemic did not truly
affect vehicle sales until the middle of March,” said Eric Lyman,
Chief Industry Analyst for ALG, a subsidiary of TrueCar.
“Historically, there’s been a strong correlation between
consumer confidence and average transaction price,” continued
Lyman. “We’re now seeing one of the largest one-month declines in
consumer confidence in nearly 50 years. April will provide a
much clearer picture of the full impact caused from the
Coronavirus.”
ALG projects that U.S. revenue from new vehicle sales will reach
more than $33.5 billion for March 2020, down 40% (based on a
non-adjusted daily selling rate) from a year ago and down 31% from
last month.
“Given our 41% forecast decline in new vehicle sales this month,
we expect revenue from new vehicle sales to drop by 40% from a year
ago,” said Nick Woolard, Director of OEM and Affinity Partner
Analytics for TrueCar. “Social distancing mandates will continue
for another month, so we expect the sales and revenue declines to
continue through April.”
“We continue to emphasize that the decline will translate to
deferred sales, not lost sales,” added Lyman. “Vehicles are
extensions of the home. When we come out of this period of
heightened health and safety awareness from the pandemic, we expect
that personal vehicles may even become an alternative for a subset
of consumers who previously opted for public transportation.”
March 2020 forecasts for the 13 largest manufacturers by
volume: (Adjusted for same selling days as March 2019.)
For additional data visit the ALG
Newsroom.
Average Transaction Price (ATP)
Manufacturer |
Mar 2020 Forecast |
Mar 2019 Actual |
Feb 2020 Actual |
YOY |
|
MOM |
|
BMW |
$ |
58,433 |
$ |
56,805 |
$ |
58,083 |
2.9 |
% |
0.6 |
% |
Daimler |
$ |
61,907 |
$ |
61,856 |
$ |
62,561 |
0.1 |
% |
-1.0 |
% |
FCA |
$ |
38,049 |
$ |
36,432 |
$ |
36,762 |
4.4 |
% |
3.5 |
% |
Ford |
$ |
41,456 |
$ |
39,500 |
$ |
41,107 |
5.0 |
% |
0.8 |
% |
GM |
$ |
37,988 |
$ |
36,364 |
$ |
37,327 |
4.5 |
% |
1.8 |
% |
Honda |
$ |
28,112 |
$ |
28,221 |
$ |
28,348 |
-0.4 |
% |
-0.8 |
% |
Hyundai |
$ |
25,917 |
$ |
23,233 |
$ |
26,686 |
11.6 |
% |
-2.9 |
% |
Kia |
$ |
25,257 |
$ |
24,297 |
$ |
25,217 |
4.0 |
% |
0.2 |
% |
Nissan |
$ |
26,645 |
$ |
27,056 |
$ |
27,270 |
-1.5 |
% |
-2.3 |
% |
Subaru |
$ |
30,184 |
$ |
29,623 |
$ |
30,173 |
1.9 |
% |
0.0 |
% |
Toyota |
$ |
33,031 |
$ |
32,610 |
$ |
33,006 |
1.3 |
% |
0.1 |
% |
Volkswagen Group |
$ |
41,688 |
$ |
42,259 |
$ |
42,353 |
-1.4 |
% |
-1.6 |
% |
Industry |
$ |
35,667 |
$ |
34,559 |
$ |
35,459 |
3.2 |
% |
0.6 |
% |
|
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About ALG
Founded in 1964 and headquartered in Santa Monica, California,
ALG is an industry authority on automotive residual value
projections in both the United States and Canada. By analyzing
nearly 2,500 vehicle trims each year to assess residual value, ALG
provides auto industry and financial services clients with market
industry insights, residual value forecasts, consulting and vehicle
portfolio management and risk services. ALG is a wholly-owned
subsidiary of TrueCar, Inc., a digital automotive marketplace that
provides comprehensive pricing transparency about what other people
paid for their cars. ALG has been publishing residual values for
all cars, trucks and SUVs in the U.S. for over 55 years and in
Canada since 1981.
About TrueCar
TrueCar is a leading automotive digital marketplace that
enables car buyers to connect to our nationwide network of
Certified Dealers. We are building the industry's most personalized
and efficient car buying experience as we seek to bring more of the
purchasing process online. Consumers who visit our marketplace will
find a suite of vehicle discovery tools, price ratings and market
context on new and used cars -- all with a clear view of what's a
great deal. When they are ready, TrueCar will enable them
to connect with a local Certified Dealer who shares in our belief
that truth, transparency and fairness are the foundation of a great
car buying experience. As part of our
marketplace, TrueCar powers car-buying programs for over
250 leading brands, including AARP, Sam’s Club, and American
Express. Nearly half of all new-car buyers engage
with TrueCar powered sites, where they buy smarter and
drive happier. TrueCar is headquartered in Santa
Monica, California, with offices in Austin,
Texas and Boston, Massachusetts.
For more information, please visit www.truecar.com, and
follow us on Facebook or Twitter. TrueCar media
line: +1-844-469-8442 (US toll-free) |
Email: pr@truecar.com
TrueCar and ALG PR Contact:
Shadee Malekafzali
shadee@truecar.com
424.258.8694
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