ALG Provides Updated 2020 New Vehicle Sales Forecast Based on Projected Short-Term and Long-Term Impact of COVID-19
TrueCar, Inc. (TRUE)
Last truecar, inc. earnings: 2/20 04:03 pm
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Source: GlobeNewswire
SANTA MONICA, Calif., March 16, 2020 (GLOBE NEWSWIRE) -- ALG, a subsidiary of TrueCar, and the industry benchmark for determining the future resale value of a vehicle, is providing an updated 2020 new vehicle sales forecast to account for the quickly evolving Coronavirus pandemic and the latest economic outlook. ALG's 2020 new vehicle sales forecast to account for the quickly evolving Coronavirus pandemic and the latest economic outlook. The impact varies by segment and term of the forecast. As probability increases, the impacts are greater in the shorter term with positive recovery forecasted for the long-term.
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