{"id":520005,"date":"2021-07-29T09:04:55","date_gmt":"2021-07-29T13:04:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/truecar-forecasts-third-consecutive-month-of-slowing-vehicle-sales-for-july-2021\/"},"modified":"2021-07-29T09:04:55","modified_gmt":"2021-07-29T13:04:55","slug":"truecar-forecasts-third-consecutive-month-of-slowing-vehicle-sales-for-july-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/truecar-forecasts-third-consecutive-month-of-slowing-vehicle-sales-for-july-2021\/","title":{"rendered":"TrueCar Forecasts Third Consecutive Month of Slowing Vehicle Sales for July 2021"},"content":{"rendered":"
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Inventory Shortages are Bringing Incentives Down and Raising Transaction Prices<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SANTA MONICA, Calif.<\/span>, July 29, 2021<\/span> \/PRNewswire\/ — TrueCar, Inc<\/a>. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, forecasts\u00a0total new vehicle sales will reach 1,292,064\u00a0units in\u00a0July 2021, up just 1% from a year ago but down 8% vs. June 2021<\/span>, 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 14.7 million, staying on par with July 2020<\/span>. Excluding fleet sales,\u00a0TrueCar\u00a0expects U.S. retail deliveries of new cars and light trucks to be 1,171,277\u00a0units, about even with a year ago and a decrease of 7% from June 2021.\u00a0 <\/p>\n

“Increasing pressure on new car inventory continues to drive the car buying landscape in July. Lower inventory is likely creating a drag on sales and driving up transaction prices. It is also leading to more would-be new car buyers opting for used cars, which in turn is contributing to the surge in used car prices,” said Nick Woolard<\/span>, Lead Industry Analyst at TrueCar. “However, there are still deals out there, and TrueCar is a great way to navigate the current landscape and cast a wider net to find those deals,” added Woolard.<\/p>\n

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“In July we expect to see things continue to cool since the recent new vehicle sales peak in April. Despite cooling from recent months, many brands still show improvement compared to 2020. Volkswagen in particular is looking strong in July, propelled in part by the all-new Taos<\/span> and ID.4 which are resonating well with buyers,” said Valeri Tompkins<\/span>, Senior Vice President of OEM Solutions at TrueCar.<\/p>\n

\n Additional Insights (forecast by <\/b>
\n TrueCar<\/a>
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