TrueCar’s ALG Forecasts New Car Auto Sales Up Slightly for February 2020 with Used Auto Sales up 6%
TrueCar, Inc. (TRUE)
Last truecar, inc. earnings: 2/20 04:03 pm
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Source: GlobeNewswire
SANTA MONICA, Calif., Feb. 26, 2020 (GLOBE NEWSWIRE) -- TrueCar, the most efficient online platform to find a car, (NASDAQ: TRUE) and its data and analytics subsidiary, ALG, project total new vehicle sales will reach 1,373,516 units in February 2020, up 0.2% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 17.1 million units. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,081,996 units, an increase of 1.2% from a year ago when adjusted for the same number of selling days. “Although consumer confidence is stable and economic fundamentals remain strong, consumers are still receiving a lot of mixed messages about the economy,” said Eric Lyman, Chief Industry Analyst at ALG, a subsidiary of TrueCar. “The fact that we’re in an election year, the Coronavirus is starting to have a global impact and that we’re beyond the nor
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