TrueCar’s ALG Forecasts Vehicle Sales for May 2020
TrueCar, Inc. (TRUE)
Last truecar, inc. earnings: 2/20 04:03 pm
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ir.true.com/investor-relations
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Source: GlobeNewswire
SANTA MONICA, Calif., May 26, 2020 (GLOBE NEWSWIRE) -- ALG, Inc., a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects total new vehicle sales will reach 1,080,075 units in May 2020, down 32% from a year ago. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 11.8 million units. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,008,916 units, a decrease of 21% from a year ago. “The automotive industry is showing positive signs of a rebound and, while we are projecting a 21% decline in retail sales for May under this unprecedented environment, it’s quite encouraging,” said Eric Lyman, Chief Industry Analyst for ALG, a subsidiary of TrueCar. “Our own consumer research has shown that 72% of car shoppers state that their need for a vehicle has remained the same or increased due to the pandemic.” “Memorial Day Weekend is trad
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News
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- TrueCar, Inc. (NASDAQ:TRUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- TrueCar, Inc. (NASDAQ: TRUE) had its price target lowered by analysts at Needham & Company LLC from $4.50 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- TrueCar (TRUE) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
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- 4/29/24 - In-Line
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- 5/6/24 - Form 10-Q
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- 4/15/24 - Form 4
- TRUE's page on the SEC website