TrueCar’s ALG Forecasts New Car Average Transaction Price to Increase 2.6% Year over Year for October 2019
TrueCar, Inc. (TRUE)
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Source: GlobeNewswire
SANTA MONICA, Calif., Nov. 01, 2019 (GLOBE NEWSWIRE) -- ALG, a subsidiary of TrueCar, and the industry benchmark for determining the future resale value of a vehicle, projects average transaction prices (ATP) to be up 2.6% from a year ago and 0.2% from September 2019 to reach $35,239. ALG, a subsidiary of TrueCar “With the economy remaining resilient, consumers have not been afraid to opt into premium trims and luxury models leading to higher average transaction prices,” said Oliver Strauss, Chief Economist at ALG, a subsidiary of TrueCar. “With incentives up year-over-year, consumers are getting some help to offset the higher transaction prices.” Additional Insights: (Forecast by ALG) Honda and Nissan are the only automakers expected to be down on ATP year over year, 2.9% and 1.1%, respect
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