• Projected sales and revenue growth at 2015's outset offset typically lackluster January demand

SANTA MONICA, Calif., (February 3, 2015) – TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free car buying and selling mobile marketplace, found increased sales volume and higher transaction prices in January generated $37.6 billion of net revenue for automakers, a 17.2 percent jump from the year-earlier month.

TrueCar estimates U.S. sales of new cars and light trucks expanded 13.2 percent last month, reaching the highest January volume since 2000. The average transaction price (ATP) for light vehicles was $32,812, up 3.5 percent from a year ago, while average incentive spending per unit increased by $93 to $2,642. The ratio of incentive spending to ATP was 8.1 percent, expanding slightly from 8.0 percent compared to prior year.

'January turned out to be a very healthy month for several automakers, with GM, Honda and Subaru all posting net revenue gains of over 20 percent,' said Eric Lyman, vice president of industry insights for TrueCar. 'With consumer spending rising at the highest rate since 2006, consumer sentiment at a decade high and low gasoline prices we're bullish on automakers' total revenue for the year. TrueCar projects a 4.8 percent increase from last year, reaching an astounding $553 billion in new vehicle revenue.'