EV and hybrid vehicle demand skyrockets amid
surging fuel prices
SANTA MONICA, Calif.,
March 30, 2022 /PRNewswire/
-- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient
and transparent online destination for buying and selling new and
used vehicles, expects total new vehicle industry sales to reach
1,246,993 units in March 2022, down 25% from a year ago
and up 5% from February 2022, when
adjusted for the same number of selling days. This month's
seasonally adjusted annualized rate (SAAR) for total light vehicle
industry sales is an estimated 13.6 million, down 23% from
March 2021. Excluding fleet
sales, TrueCar expects U.S. retail deliveries of new cars
and light trucks to be 1,084,168 units, down 24% from a year ago
and up 2% from February 2022.
![TrueCar, Inc. Logo TrueCar, Inc. Logo](https://mma.prnewswire.com/media/75148/truecar_logo.jpg)
"Over the last month we've seen a huge spike in electric vehicle
and hybrid prospects on the TrueCar site, with a 380% increase
year-over-year for EVs and a 180% jump year-over-year for hybrids,"
said Nick Woolard, Lead Industry
Analyst at TrueCar. "This is the largest monthly jump we've ever
seen and understandably so with current fuel prices."
"This month in spite of low inventory, we're seeing mild fleet
recovery as we head into the summer season," said Valeri Tompkins, Senior Vice President of OEM
Solutions at TrueCar.
Additional Industry Insights (from TrueCar):
- Total sales for March 2022 are
expected to be down 25% from a year ago and up 5% from February 2022 when adjusted for the same number
of selling days.
- Fleet sales for March 2022 are
expected to be down 30% from a year ago and up 31% from
February 2022 when adjusted for the
same number of selling days.
- Incentive spend is down 54% from last year.
- Average transaction price is projected to be up 15% from a year
ago and down 1% from February
2022.
- Total SAAR is expected to be down 23% from a year ago at 13.6
million units.
- Used vehicle sales for March 2022
are expected to reach 3.6 million, down 13% from a year ago and up
11% from February 2022.
- The average interest rate on new vehicles is 4.6% and the
average interest rate on used vehicles is 8%.
- The average loan term on a new vehicle for March 2022 is 70 months and the average loan term
on a used vehicle is about 71 months.
- Quarterly average transaction price is projected to be up 16%
from a year ago and up 3.5% from Q4 2021.
- Quarterly incentive spend is down 51% from Q1 2021.
Total Unit
Sales
|
|
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
YoY %
Change
|
YoY % Change
(Daily Selling Rate)
|
MoM %
Change
|
MoM %
Change
(Daily Selling Rate)
|
BMW
|
24,275
|
31,888
|
26,074
|
-23.9%
|
-26.7%
|
-6.9%
|
-17.2%
|
Daimler
|
20,384
|
24,651
|
19,237
|
-17.3%
|
-20.4%
|
6.0%
|
-5.8%
|
Ford
|
154,405
|
213,300
|
128,229
|
-27.6%
|
-30.3%
|
20.4%
|
7.0%
|
GM
|
205,018
|
245,606
|
161,705
|
-16.5%
|
-19.6%
|
26.8%
|
12.7%
|
Honda
|
103,045
|
148,538
|
84,394
|
-30.6%
|
-33.2%
|
22.1%
|
8.5%
|
Hyundai
|
69,504
|
78,409
|
55,906
|
-11.4%
|
-14.6%
|
24.3%
|
10.5%
|
Kia
|
62,609
|
66,523
|
49,182
|
-5.9%
|
-9.4%
|
27.3%
|
13.2%
|
Nissan
|
75,308
|
128,334
|
61,674
|
-41.3%
|
-43.5%
|
22.1%
|
8.5%
|
Stellantis
|
153,375
|
183,333
|
136,580
|
-16.3%
|
-19.4%
|
12.3%
|
-0.2%
|
Subaru
|
47,605
|
65,726
|
44,866
|
-27.6%
|
-30.3%
|
6.1%
|
-5.7%
|
Tesla
|
44,525
|
23,050
|
42,742
|
93.2%
|
86.0%
|
4.2%
|
-7.4%
|
Toyota
|
179,919
|
256,485
|
160,645
|
-29.9%
|
-32.5%
|
12.0%
|
-0.4%
|
Volkswagen
Group
|
39,159
|
70,276
|
36,355
|
-44.3%
|
-46.3%
|
7.7%
|
-4.3%
|
Industry
|
1,246,993
|
1,604,983
|
1,057,945
|
-22.3%
|
-25.2%
|
17.9%
|
4.8%
|
Retail Unit
Sales
|
|
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
YoY %
Change
|
YoY % Change
(Daily Selling Rate)
|
MoM %
Change
|
MoM %
Change
(Daily Selling Rate)
|
BMW
|
23,710
|
30,576
|
25,623
|
-22.5%
|
-25.3%
|
-7.5%
|
-17.7%
|
Daimler
|
19,338
|
23,903
|
18,843
|
-19.1%
|
-22.1%
|
2.6%
|
-8.8%
|
Ford
|
115,884
|
166,090
|
104,219
|
-30.2%
|
-32.8%
|
11.2%
|
-1.2%
|
GM
|
157,090
|
215,813
|
140,659
|
-27.2%
|
-29.9%
|
11.7%
|
-0.7%
|
Honda
|
102,017
|
145,541
|
84,040
|
-29.9%
|
-32.5%
|
21.4%
|
7.9%
|
Hyundai
|
69,399
|
68,605
|
55,320
|
1.2%
|
-2.6%
|
25.5%
|
11.5%
|
Kia
|
58,517
|
55,144
|
47,352
|
6.1%
|
2.2%
|
23.6%
|
9.8%
|
Nissan
|
66,004
|
85,771
|
50,977
|
-23.0%
|
-25.9%
|
29.5%
|
15.1%
|
Stellantis
|
117,910
|
157,102
|
114,162
|
-24.9%
|
-27.7%
|
3.3%
|
-8.2%
|
Subaru
|
46,351
|
63,925
|
43,193
|
-27.5%
|
-30.2%
|
7.3%
|
-4.6%
|
Tesla
|
44,174
|
23,050
|
42,727
|
91.6%
|
84.5%
|
3.4%
|
-8.1%
|
Toyota
|
164,823
|
226,277
|
141,838
|
-27.2%
|
-29.9%
|
16.2%
|
3.3%
|
Volkswagen
Group
|
38,370
|
62,461
|
35,820
|
-38.6%
|
-40.8%
|
7.1%
|
-4.8%
|
Industry
|
1,084,168
|
1,380,536
|
947,445
|
-21.5%
|
-24.4%
|
14.4%
|
1.7%
|
Fleet Unit
Sales
|
|
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
YoY %
Change
|
YoY % Change
(Daily Selling Rate)
|
MoM %
Change
|
MoM %
Change
(Daily Selling Rate)
|
BMW
|
565
|
1,312
|
451
|
-56.9%
|
-58.5%
|
25.4%
|
11.5%
|
Daimler
|
1,046
|
748
|
394
|
39.9%
|
34.7%
|
165.8%
|
136.3%
|
Ford
|
38,521
|
47,210
|
24,010
|
-18.4%
|
-21.4%
|
60.4%
|
42.6%
|
GM
|
47,928
|
29,793
|
21,046
|
60.9%
|
54.9%
|
127.7%
|
102.4%
|
Honda
|
1,028
|
2,997
|
354
|
-65.7%
|
-67.0%
|
190.7%
|
158.4%
|
Hyundai
|
105
|
9,804
|
586
|
-98.9%
|
-99.0%
|
-82.1%
|
-84.1%
|
Kia
|
4,092
|
11,379
|
1,830
|
-64.0%
|
-65.4%
|
123.6%
|
98.8%
|
Nissan
|
9,304
|
42,563
|
10,697
|
-78.1%
|
-79.0%
|
-13.0%
|
-22.7%
|
Stellantis
|
35,465
|
26,231
|
22,418
|
35.2%
|
30.2%
|
58.2%
|
40.6%
|
Subaru
|
1,254
|
1,801
|
1,673
|
-30.4%
|
-33.0%
|
-25.0%
|
-33.4%
|
Tesla
|
351
|
-
|
15
|
|
|
2308.7%
|
2041.0%
|
Toyota
|
15,096
|
30,208
|
18,807
|
-50.0%
|
-51.9%
|
-19.7%
|
-28.7%
|
Volkswagen
Group
|
789
|
7,815
|
535
|
-89.9%
|
-90.3%
|
47.4%
|
31.0%
|
Industry
|
162,826
|
224,447
|
110,500
|
-27.5%
|
-30.1%
|
47.4%
|
31.0%
|
Fleet
Penetration
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
YoY %
Change
|
MoM %
Change
|
BMW
|
2.3%
|
4.1%
|
1.7%
|
-43.4%
|
34.7%
|
Daimler
|
5.1%
|
3.0%
|
2.0%
|
69.2%
|
150.9%
|
Ford
|
24.9%
|
22.1%
|
18.7%
|
12.7%
|
33.2%
|
GM
|
23.4%
|
12.1%
|
13.0%
|
92.7%
|
79.6%
|
Honda
|
1.0%
|
2.0%
|
0.4%
|
-50.6%
|
138.1%
|
Hyundai
|
0.2%
|
12.5%
|
1.0%
|
-98.8%
|
-85.6%
|
Kia
|
6.5%
|
17.1%
|
3.7%
|
-61.8%
|
75.7%
|
Nissan
|
12.4%
|
33.2%
|
17.3%
|
-62.7%
|
-28.8%
|
Stellantis
|
23.1%
|
14.3%
|
16.4%
|
61.6%
|
40.9%
|
Subaru
|
2.6%
|
2.7%
|
3.7%
|
-3.9%
|
-29.3%
|
Tesla
|
0.8%
|
0.0%
|
0.0%
|
|
2212.2%
|
Toyota
|
8.4%
|
11.8%
|
11.7%
|
-28.8%
|
-28.3%
|
Volkswagen
Group
|
2.0%
|
11.1%
|
1.5%
|
-81.9%
|
36.8%
|
Industry
|
13.1%
|
14.0%
|
10.4%
|
-6.6%
|
25.0%
|
Total Market
Share
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
BMW
|
1.9%
|
2.0%
|
2.5%
|
Daimler
|
1.6%
|
1.5%
|
1.8%
|
Ford
|
12.4%
|
13.3%
|
12.1%
|
GM
|
16.4%
|
15.3%
|
15.3%
|
Honda
|
8.3%
|
9.3%
|
8.0%
|
Hyundai
|
5.6%
|
4.9%
|
5.3%
|
Kia
|
5.0%
|
4.1%
|
4.6%
|
Nissan
|
6.0%
|
8.0%
|
5.8%
|
Stellantis
|
12.3%
|
11.4%
|
12.9%
|
Subaru
|
3.8%
|
4.1%
|
4.2%
|
Tesla
|
3.6%
|
1.4%
|
4.0%
|
Toyota
|
14.4%
|
16.0%
|
15.2%
|
Volkswagen
Group
|
3.1%
|
4.4%
|
3.4%
|
|
94.6%
|
95.7%
|
95.2%
|
Retail Market
Share
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
BMW
|
2.2%
|
2.2%
|
2.7%
|
Daimler
|
1.8%
|
1.7%
|
2.0%
|
Ford
|
10.7%
|
12.0%
|
11.0%
|
GM
|
14.5%
|
15.6%
|
14.8%
|
Honda
|
9.4%
|
10.5%
|
8.9%
|
Hyundai
|
6.4%
|
5.0%
|
5.8%
|
Kia
|
5.4%
|
4.0%
|
5.0%
|
Nissan
|
6.1%
|
6.2%
|
5.4%
|
Stellantis
|
10.9%
|
11.4%
|
12.0%
|
Subaru
|
4.3%
|
4.6%
|
4.6%
|
Tesla
|
4.1%
|
1.7%
|
4.5%
|
Toyota
|
15.2%
|
16.4%
|
15.0%
|
Volkswagen
Group
|
3.5%
|
4.5%
|
3.8%
|
|
94.4%
|
95.9%
|
95.5%
|
ATP
|
|
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
YOY
|
MOM
|
BMW
|
$66,225
|
$60,360
|
$62,852
|
9.7%
|
5.4%
|
Daimler
|
$70,685
|
$62,111
|
$73,946
|
13.8%
|
-4.4%
|
Ford
|
$47,621
|
$45,155
|
$48,294
|
5.5%
|
-1.4%
|
GM
|
$49,878
|
$43,134
|
$51,105
|
15.6%
|
-2.4%
|
Honda
|
$37,585
|
$31,938
|
$37,017
|
17.7%
|
1.5%
|
Hyundai
|
$36,133
|
$29,739
|
$36,767
|
21.5%
|
-1.7%
|
Kia
|
$34,346
|
$29,387
|
$33,163
|
16.9%
|
3.6%
|
Nissan
|
$33,032
|
$28,741
|
$32,546
|
14.9%
|
1.5%
|
Stellantis
|
$53,320
|
$44,135
|
$52,515
|
20.8%
|
1.5%
|
Subaru
|
$34,516
|
$30,894
|
$34,334
|
11.7%
|
0.5%
|
Toyota
|
$40,431
|
$34,980
|
$39,992
|
15.6%
|
1.1%
|
Volkswagen
Group
|
$46,153
|
$43,549
|
$46,598
|
6.0%
|
-1.0%
|
Industry
|
$43,462
|
$37,676
|
$43,879
|
15.4%
|
-1.0%
|
|
$5,786
|
|
-$417
|
|
|
Incentives
|
|
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
YOY
|
MOM
|
BMW
|
$2,237
|
$4,997
|
$2,582
|
-55.2%
|
-13.3%
|
Daimler
|
$2,053
|
$4,221
|
$2,243
|
-51.4%
|
-8.5%
|
Ford
|
$1,687
|
$3,034
|
$1,748
|
-44.4%
|
-3.5%
|
GM
|
$1,888
|
$4,836
|
$1,963
|
-61.0%
|
-3.8%
|
Honda
|
$1,109
|
$2,382
|
$1,159
|
-53.5%
|
-4.3%
|
Hyundai
|
$1,070
|
$2,541
|
$950
|
-57.9%
|
12.6%
|
Kia
|
$1,140
|
$2,817
|
$1,239
|
-59.5%
|
-8.0%
|
Nissan
|
$1,550
|
$3,331
|
$1,789
|
-53.5%
|
-13.4%
|
Stellantis
|
$2,574
|
$4,640
|
$2,570
|
-44.5%
|
0.1%
|
Subaru
|
$837
|
$1,275
|
$856
|
-34.3%
|
-2.2%
|
Toyota
|
$981
|
$2,774
|
$1,058
|
-64.6%
|
-7.3%
|
Volkswagen
Group
|
$2,061
|
$4,001
|
$1,874
|
-48.5%
|
9.9%
|
Industry
|
$1,581
|
$3,424
|
$1,657
|
-53.8%
|
-4.6%
|
|
-$1,843
|
|
-$76
|
|
|
Incentives as % of
ATP
|
|
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
YOY
|
MOM
|
BMW
|
3.4%
|
8.3%
|
4.1%
|
-59.2%
|
-17.7%
|
Daimler
|
2.9%
|
6.8%
|
3.0%
|
-57.3%
|
-4.2%
|
Ford
|
3.5%
|
6.7%
|
3.6%
|
-47.3%
|
-2.1%
|
GM
|
3.8%
|
11.2%
|
3.8%
|
-66.2%
|
-1.5%
|
Honda
|
3.0%
|
7.5%
|
3.1%
|
-60.4%
|
-5.7%
|
Hyundai
|
3.0%
|
8.5%
|
2.6%
|
-65.4%
|
14.6%
|
Kia
|
3.3%
|
9.6%
|
3.7%
|
-65.4%
|
-11.2%
|
Nissan
|
4.7%
|
11.6%
|
5.5%
|
-59.5%
|
-14.6%
|
Stellantis
|
4.8%
|
10.5%
|
4.9%
|
-54.1%
|
-1.4%
|
Subaru
|
2.4%
|
4.1%
|
2.5%
|
-41.2%
|
-2.7%
|
Toyota
|
2.4%
|
7.9%
|
2.6%
|
-69.4%
|
-8.3%
|
Volkswagen
Group
|
4.5%
|
9.2%
|
4.0%
|
-51.4%
|
11.0%
|
Industry
|
3.6%
|
9.1%
|
3.8%
|
-60.0%
|
-3.7%
|
Revenue
|
|
|
Manufacturer
|
Mar 2022
Forecast
|
Mar 2021
Actual
|
Feb 2022
Actual
|
YOY
|
MOM
|
Industry
|
$54,197,050,283
|
$60,469,364,982
|
$46,421,894,319
|
-10.4%
|
16.7%
|
Quarterly Tables
Total Unit
Sales
|
|
|
Manufacturer
|
Q1
2022
|
Q1
2021
|
Q4
2021
|
YoY %
Change
|
YoY % Change
(Daily Selling Rate)
|
QoQ %
Change
|
QoQ %
Change
(Daily Selling Rate)
|
BMW
|
74,304
|
77,718
|
100,891
|
-4.4%
|
-5.7%
|
-26.4%
|
-23.4%
|
Daimler
|
60,021
|
70,236
|
77,114
|
-14.5%
|
-15.7%
|
-22.2%
|
-19.1%
|
Ford
|
425,079
|
517,711
|
504,138
|
-17.9%
|
-19.0%
|
-15.7%
|
-12.3%
|
GM
|
509,297
|
639,406
|
436,776
|
-20.3%
|
-21.4%
|
16.6%
|
21.3%
|
Honda
|
261,388
|
347,091
|
287,206
|
-24.7%
|
-25.7%
|
-9.0%
|
-5.3%
|
Hyundai
|
176,920
|
175,352
|
167,747
|
0.9%
|
-0.5%
|
5.5%
|
9.7%
|
Kia
|
154,279
|
159,550
|
145,891
|
-3.3%
|
-4.6%
|
5.7%
|
10.0%
|
Nissan
|
196,724
|
285,553
|
195,433
|
-31.1%
|
-32.0%
|
0.7%
|
4.7%
|
Stellantis
|
416,733
|
471,931
|
410,857
|
-11.7%
|
-12.9%
|
1.4%
|
5.5%
|
Subaru
|
136,629
|
160,426
|
121,008
|
-14.8%
|
-16.0%
|
12.9%
|
17.4%
|
Tesla
|
127,432
|
69,300
|
108,370
|
83.9%
|
81.4%
|
17.6%
|
22.3%
|
Toyota
|
499,240
|
608,670
|
474,656
|
-18.0%
|
-19.1%
|
5.2%
|
9.4%
|
Volkswagen
Group
|
113,249
|
161,510
|
133,934
|
-29.9%
|
-30.8%
|
-15.4%
|
-12.1%
|
Industry
|
3,306,944
|
3,910,569
|
3,298,307
|
-15.4%
|
-16.6%
|
0.3%
|
4.3%
|
Retail Unit
Sales
|
|
|
Manufacturer
|
Q1
2022
|
Q1
2021
|
Q4
2021
|
YoY %
Change
|
YoY % Change
(Daily Selling Rate)
|
QoQ %
Change
|
QoQ %
Change
(Daily Selling Rate)
|
BMW
|
72,574
|
72,722
|
96,537
|
-0.2%
|
-1.5%
|
-24.8%
|
-21.8%
|
Daimler
|
56,940
|
67,742
|
72,398
|
-15.9%
|
-17.1%
|
-21.4%
|
-18.2%
|
Ford
|
319,031
|
398,553
|
403,030
|
-20.0%
|
-21.0%
|
-20.8%
|
-17.7%
|
GM
|
390,236
|
537,787
|
381,117
|
-27.4%
|
-28.4%
|
2.4%
|
6.5%
|
Honda
|
258,781
|
342,231
|
285,047
|
-24.4%
|
-25.4%
|
-9.2%
|
-5.6%
|
Hyundai
|
176,652
|
160,868
|
164,726
|
9.8%
|
8.3%
|
7.2%
|
11.5%
|
Kia
|
144,196
|
135,437
|
138,541
|
6.5%
|
5.0%
|
4.1%
|
8.2%
|
Nissan
|
172,419
|
198,754
|
167,164
|
-13.2%
|
-14.4%
|
3.1%
|
7.3%
|
Stellantis
|
320,372
|
385,913
|
345,269
|
-17.0%
|
-18.1%
|
-7.2%
|
-3.5%
|
Subaru
|
133,030
|
152,878
|
117,668
|
-13.0%
|
-14.1%
|
13.1%
|
17.6%
|
Tesla
|
126,427
|
68,866
|
104,893
|
83.6%
|
81.1%
|
20.5%
|
25.4%
|
Toyota
|
457,351
|
537,958
|
440,175
|
-15.0%
|
-16.1%
|
3.9%
|
8.1%
|
Volkswagen
Group
|
110,967
|
144,664
|
130,333
|
-23.3%
|
-24.3%
|
-14.9%
|
-11.5%
|
Industry
|
2,875,141
|
3,337,891
|
2,966,034
|
-13.9%
|
-15.0%
|
-3.1%
|
0.8%
|
Total Market
Share
|
|
Manufacturer
|
Q1
2022
|
Q1
2021
|
Q4
2021
|
BMW
|
2.2%
|
2.0%
|
3.1%
|
Daimler
|
1.8%
|
1.8%
|
2.3%
|
Ford
|
12.9%
|
13.2%
|
15.3%
|
GM
|
15.4%
|
16.4%
|
13.2%
|
Honda
|
7.9%
|
8.9%
|
8.7%
|
Hyundai
|
5.3%
|
4.5%
|
5.1%
|
Kia
|
4.7%
|
4.1%
|
4.4%
|
Nissan
|
5.9%
|
7.3%
|
5.9%
|
Stellantis
|
12.6%
|
12.1%
|
12.5%
|
Subaru
|
4.1%
|
4.1%
|
3.7%
|
Tesla
|
3.9%
|
1.8%
|
3.3%
|
Toyota
|
15.1%
|
15.6%
|
14.4%
|
Volkswagen
Group
|
3.4%
|
4.1%
|
4.1%
|
|
95.3%
|
95.8%
|
95.9%
|
Retail Market
Share
|
|
Manufacturer
|
Q1
2022
|
Q1
2021
|
Q4
2021
|
BMW
|
2.5%
|
2.2%
|
3.3%
|
Daimler
|
2.0%
|
2.0%
|
2.4%
|
Ford
|
11.1%
|
11.9%
|
13.6%
|
GM
|
13.6%
|
16.1%
|
12.8%
|
Honda
|
9.0%
|
10.3%
|
9.6%
|
Hyundai
|
6.1%
|
4.8%
|
5.6%
|
Kia
|
5.0%
|
4.1%
|
4.7%
|
Nissan
|
6.0%
|
6.0%
|
5.6%
|
Stellantis
|
11.1%
|
11.6%
|
11.6%
|
Subaru
|
4.6%
|
4.6%
|
4.0%
|
Tesla
|
4.4%
|
2.1%
|
3.5%
|
Toyota
|
15.9%
|
16.1%
|
14.8%
|
Volkswagen
Group
|
3.9%
|
4.3%
|
4.4%
|
|
95.3%
|
96.0%
|
96.0%
|
ATP
|
|
|
|
Manufacturer
|
Q1
2022
|
Q1
2021
|
Q4
2021
|
YoY %
Change
|
|
QoQ %
Change
|
BMW
|
$63,812
|
$59,439
|
$60,025
|
7.4%
|
|
6.3%
|
Daimler
|
$73,238
|
$62,877
|
$66,338
|
16.5%
|
|
10.4%
|
Ford
|
$48,236
|
$44,997
|
$47,358
|
7.2%
|
|
1.9%
|
GM
|
$50,717
|
$42,982
|
$51,728
|
18.0%
|
|
-2.0%
|
Honda
|
$36,451
|
$31,144
|
$33,309
|
17.0%
|
|
9.4%
|
Hyundai
|
$36,173
|
$30,726
|
$34,533
|
17.7%
|
|
4.7%
|
Kia
|
$33,845
|
$29,355
|
$30,886
|
15.3%
|
|
9.6%
|
Nissan
|
$33,223
|
$28,886
|
$33,030
|
15.0%
|
|
0.6%
|
Stellantis
|
$52,707
|
$43,517
|
$50,204
|
21.1%
|
|
5.0%
|
Subaru
|
$34,709
|
$30,955
|
$32,720
|
12.1%
|
|
6.1%
|
Toyota
|
$40,077
|
$35,389
|
$38,452
|
13.2%
|
|
4.2%
|
Volkswagen
Group
|
$46,358
|
$42,327
|
$41,563
|
9.5%
|
|
11.5%
|
Industry
|
$43,841
|
$37,872
|
$42,366
|
15.8%
|
|
3.5%
|
|
$5,969
|
|
$1,475
|
|
|
|
Incentives
|
|
|
|
Manufacturer
|
Q1
2022
|
Q1
2021
|
Q4
2021
|
YoY %
Change
|
|
QoQ %
Change
|
BMW
|
$2,538
|
$5,124
|
$3,010
|
-50.5%
|
|
-15.7%
|
Daimler
|
$2,129
|
$4,060
|
$2,428
|
-47.5%
|
|
-12.3%
|
Ford
|
$1,869
|
$3,217
|
$2,377
|
-41.9%
|
|
-21.4%
|
GM
|
$1,965
|
$4,653
|
$1,916
|
-57.8%
|
|
2.6%
|
Honda
|
$1,172
|
$2,357
|
$1,515
|
-50.3%
|
|
-22.7%
|
Hyundai
|
$1,049
|
$2,379
|
$1,176
|
-55.9%
|
|
-10.8%
|
Kia
|
$1,373
|
$2,734
|
$1,754
|
-49.8%
|
|
-21.8%
|
Nissan
|
$1,782
|
$3,598
|
$2,010
|
-50.5%
|
|
-11.3%
|
Stellantis
|
$2,548
|
$4,630
|
$2,377
|
-45.0%
|
|
7.2%
|
Subaru
|
$892
|
$1,302
|
$1,032
|
-31.5%
|
|
-13.6%
|
Toyota
|
$1,060
|
$2,644
|
$1,258
|
-59.9%
|
|
-15.8%
|
Volkswagen
Group
|
$1,964
|
$3,813
|
$2,103
|
-48.5%
|
|
-6.6%
|
Industry
|
$1,680
|
$3,428
|
$1,894
|
-51.0%
|
|
-11.3%
|
|
-$1,748
|
|
-$214
|
|
|
|
(Note: This industry insight is based solely on TrueCar,
Inc.'s analysis of domestic industry sales trends and conditions
and is not a projection of TrueCar, Inc.'s operations.)
About TrueCar
TrueCar is a leading automotive
digital marketplace that enables auto buyers to connect to our
nationwide network of Certified Dealers. We are building the
industry's most personalized and efficient auto 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 auto buying experience.
As part of our marketplace, TrueCar powers auto-buying programs for
over 250 leading brands, including AARP, Sam's Club, Navy Federal
Credit Union and American Express. TrueCar is
headquartered in Santa Monica, California, with an office in Austin,
Texas.
For more information, please visit www.truecar.com, and
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SOURCE TrueCar.com