ALG Forecasts Average New Vehicle Transaction Price Up 5.7% Year Over Year Fueled by 0% Interest Rates and Longer Loan Term Offers
TrueCar, Inc. (TRUE)
Last truecar, inc. earnings: 2/20 04:03 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.true.com/investor-relations
Company Research
Source: GlobeNewswire
SANTA MONICA, Calif., May 01, 2020 (GLOBE NEWSWIRE) -- 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 5.7% or $1,986 from a year ago and up 2.0% or $713 from March 2020. “Despite our expectation that retail sales volume will be cut in half in April due to the impact from COVID-19, average transaction prices continued their upward trajectory, hitting record highs this month,” said Eric Lyman, Chief Industry Analyst for ALG, a subsidiary of TrueCar. “This is primarily due to the enticing zero percent interest rates being offered by automakers offsetting any model or trim concessions car buyers would be forced to make otherwise.” “These loans have been particularly popular with domestic truck shoppers,” added Lyman. “U.S. manufacturers, such as Ford and GM, and their captive finance companies were one of the first to launch zero percent interest rates on 84-m
Show less
Read more
Impact Snapshot
Event Time:
TRUE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRUE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRUE alerts
High impacting TrueCar, Inc. news events
Weekly update
A roundup of the hottest topics
TRUE
News
- Virginia man warns US drivers after county values 3.5-year-old van at $42,200, far above its real worth [Yahoo! Finance]Yahoo! Finance
- How Recent Sector Signals Are Reshaping The Story Behind Truecaller's Valuation [Yahoo! Finance]Yahoo! Finance
- TrueCar Stockholders Approve Transaction with Fair Holdings [Yahoo! Finance]Yahoo! Finance
- TrueCar goes private after shareholders approve a buyout [Seeking Alpha]Seeking Alpha
- TrueCar Stockholders Approve Transaction with Fair HoldingsPR Newswire
TRUE
Earnings
- 11/5/25 - Beat
TRUE
Sec Filings
- 1/15/26 - Form 4
- 1/15/26 - Form 4
- 12/23/25 - Form 8-K
- TRUE's page on the SEC website