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TrueCar (TRUE) Sees 1.43M New Vehicle Sales in October

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TrueCar Projects October New Auto Sales Will Reach Highest Level in over a Decade

October 28, 2015 10:00 AM EDT

U.S. total new and used vehicle revenue to reach $1.2 trillion in 2015

SANTA MONICA, Calif.--(BUSINESS WIRE)-- TrueCar, Inc. (NASDAQ: TRUE), the modern car-buying service, projects total new vehicle sales, including fleet deliveries, will hit 1,427,500 units in October, an 11.4 percent increase from a year ago and the most for the month since 2001.

The expected double-digit growth will push the seasonally adjusted annualized rate (SAAR) for total light... More