Brief: Truecar Forecasts December And Fourth Quarter Industry Sales Slump Amid Continuing Inventory Shortages

TrueCar

22/12/2021 14:25

Dec 22 (Reuters) - TrueCar Inc  TRUE.O :
    * TRUECAR FORECASTS DECEMBER AND FOURTH QUARTER INDUSTRY
SALES
SLUMP AMID CONTINUING INVENTORY SHORTAGES
    * TRUECAR - EXCLUDING FLEET SALES, SEES DEC. U.S. RETAIL
DELIVERIES OF NEW CARS AND LIGHT TRUCKS TO BE 1.02 MILLION
UNITS, DOWN 27%
    * TRUECAR INC - FORECASTS TOTAL NEW VEHICLE SALES WILL REACH
1,144,108 UNITS IN DECEMBER 2021, DOWN 27% FROM A YEAR AGO
    * TRUECAR INC - DECEMBER SEASONALLY ADJUSTED ANNUALIZED RATE
(SAAR) FOR TOTAL LIGHT VEHICLE SALES IS AN ESTIMATED 11.9
MILLION, DOWN 27% FROM DECEMBER 2020
    * TRUECAR INC - FLEET SALES FOR DECEMBER 2021 ARE EXPECTED
TO BE
DOWN 29% FROM A YEAR AGO
    * TRUECAR INC - USED VEHICLE SALES FOR DECEMBER 2021 ARE
EXPECTED
TO REACH ABOUT 3 MILLION, UP 3% FROM A YEAR AGO

Further company coverage:  TRUE.O 

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