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TrueTrends August

Automotive intelligence covering new car prices, best
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Table of Contents

  Page 2      TrueCar’s Price Flex Score
               The TrueCar Price Flex Score measures the elasticity of transaction price by model. The Price Flex Score calculation dynami-
               cally incorporates the factors that affect price variance including the model’s transaction price range, current inventory and sales
               data. A vehicle experiencing extremely low inventory and a small range of transaction prices will have a low Price Flex Score.
               Don’t expect much of a discount from the TrueCar average transaction price on a vehicle with a low Price Flex Score. If a
               vehicle has a high Price Flex Score, however, you have the potential to strike a deal significantly below (or above, if you’re not
               careful!) the TrueCar average transaction price. Here are the 2010 models with the highest and the lowest Price Flex Scores.
               We also show the models with the highest and lowest Price Flex Score within each vehicle category. The scores range from 1
               to 100. A score of 1 corresponds to the lowest Price Flex Score and indicates a very small -if any- negotiation power. A score
               of 100 indicates the highest Price Flex Score, meaning there is a big range of transaction prices for that model.




  Page 3      Greatest Discounts
               Large trucks offer the greatest discounts at an average below MSRP of 11%. Model year 2010 domestic makes including
               Chevrolet, Ford, Mercury, GMC, and Lincoln offer the biggest discounts. The top 2011 makes with the biggest discounts are
               Toyota, GMC, Chevrolet, Honda, and BMW.




  Page 5      Best and Worst Days of the Month to Buy a Car
               Our projections over the next 31 days suggest that the best day to buy a car is actually the Thursday before Labor Day,
               September 2nd. The worst day to buy a car will likely be on Tuesday, September 14th.




  Page 5      Largest Total Incentives for June
               The BMW M6 offers the highest incentives this month with $12,500 in dealer cash.




  Page 6      Greatest Price Drop Month over Month
               For each body type, TrueCar.com tracks the average transaction price for each trim and lists vehicles with the greatest drop in
               price month over month. This months greatest drop in price falls under the luxury car category with a $1,480 price drop.




  Page 7      Shortest and Longest Days in Inventory
               Vans, luxury sport cars, and large cars are where the best potential inventory-based discounts will be seen. On average, vans
               are staying in inventory for 135 days, while luxury sport cars and large cars are on staying on the lot for 67 days each.
               Meanwhile, large SUVs continue to move off the lots quickly, with an average inventory stay of 32 days. Among 2010 models,
               the Hyundai Sonata spends the longest days in inventory at an average of 216 days. It will be tough finding a Lexus LX 570,
               which has the shortest days in inventory at an average stay of 12 days.




  Page 8      Model Year Share
               Model year share shows the percentage share of 2010 model year vehicles sold within the last month versus vehicles of any
               other model year sold. The makes with the highest percentage of 2010 model year share are Lexus, Mazda, and Acura. Model
               year 2010 vehicles make up 82.7% of vehicles available. BMW has the highest share of 2011 models with 89.5%.




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                                                    1
TrueCar Price Flex Score

 Least and Most Flexible 2010 Vehicles ( by Vehicle Category )

 Vehicle Category                       Least Flexible Model                              Most Flexible Model

 Large Car                              Buick LaCrosse (Score: 2)                         Chrysler 300 (Score: 96)
 Large SUV                              Mazda CX-9 (Score: 5)                             GMC Yukon (Score: 35)
 Large Truck                            Toyota Tundra 4WD Truck (Score: 14)               GMC Sierra 1500 Hybrid (Score: 91)
 Luxury Car                             Audi A8 L (Score: 6)                              Cadillac STS (Score: 99)
 Luxury Sport Car                       Infiniti G37 Convertible (Score: 2)               BMW 6 Series (Score: 97)
 Luxury SUV                             Audi Q7 (Score: 1)                                Land Rover LR2 (Score: 91)
 Midsize Car                            Ford Fusion (Score: 11)                           Suzuki Kizashi (Score: 98)
 Midsize SUV                            Ford Edge (Score: 2)                              Kia Optima (Score: 97)
 Minivan                                Dodge Grand Caravan (Score: 31)                   Volkswagen Routan (Score: 93)
 Small Car                              Chevrolet HHR (Score: 14)                         Kia Forte (Score: 97)
 Small SUV                              GMC Terrain (Score: 5)                            Kia Sportage (Score: 95)
 Small Truck                            Ford Explorer Sport Trac (Score: 13)              Ford Ranger (Score: 75)
 Sport Car                              MINI Cooper Convertible (Score: 6)                Mitsubishi Eclipse (Score: 99)
 Subcompact Car                         MINI Cooper Clubman (Score: 9)                    Nissan cube (Score: 100)
 Van                                    Ford Econoline Wagon (Score: 21)                  Chevrolet Express Cargo Van (Score: 77)




TrueCar Price Flex Score

       Least Flexible 2010 Models                                                 Most Flexible 2010 Models

       Score                      Make                          Model             Score        Make                    Model

       1                          Audi                          Q7                100          Nissan                  cube
       1                          Cadillac                      SRX               100          Hyundai                 Accent
       2                          Buick                         LaCrosse          99           Cadillac                STS
       2                          Ford                          Edge              99           Chevrolet               Aveo
       2                          Infiniti                      G37 Convertible   99           Mitsubishi              Eclipse
       3                          Acura                         RDX               98           Dodge                   Viper
       3                          Lincoln                       MKX               98           Suzuki                  Kizashi
       4                          Chevrolet                     Impala            97           BMW                     6 Series
       5                          Chevrolet                     Equinox           97           Kia                     Forte
       5                          GMC                           Terrain           96           Chrysler                300


Only one model per make was selected for the least and most flexible models.




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                                  2
Greatest Discounts

    Top Discounts ( by Vehicle Category )
                                                                     Top Discounts
                                           Average % Below
    Rank      Vehicle Category                  MSRP                 The greatest percent below MSRP helps identify
     1          Large Truck                         11%              the biggest consumer discounts of the month.
     2          Luxury Car                          8%               Below, TrueCar ranks 2010 and 2011 vehicles
                                                                     with average transaction prices that comprise the
     3          Van                                 7%
                                                                     greatest percent off the make or model’s average
     4          Midsize Car                         7%
                                                                     MSRP.
     5          Large SUV                           7%
     6          Large Car                           6%
     7          Minivan                             6%
     8          Small SUV                           6%
     9          Luxury Sport Car                    6%
    10          Small Car                           6%
     11         Luxury SUV                          6%
    12          Small Truck                         5%
    13          Midsize SUV                         5%
    14          Sport Car                           5%
     15         Subcompact Car                      2%




    Top 2010 Models ( by Vehicle Category )                         Top 2011 Models ( by Vehicle Category )
                                                          % Below                                                   % Below
    Vehicle Category        Model                         MSRP      Vehicle Category   Model                        MSRP
    Large Truck             Chevrolet Silverado 1500      23%       Midsize Car        Chevrolet Malibu             13%
    Midsize Car             Chevrolet Malibu              20%       Large Truck        Chevrolet Silverado 2500HD   11%
    Midsize SUV             Jeep Grand Cherokee           19%       Large SUV          Chevrolet Traverse           10%
    Small Truck             Ford Ranger                   17%       Large Car          Toyota Avalon                10%
    Large Car               Mercury Grand Marquis         17%       Midsize SUV        Buick Enclave                9%
    Small Car               Ford Focus                    16%       Minivan            Toyota Sienna                8%
    Large SUV               Chevrolet Tahoe               15%       Luxury Car         BMW 1 Series                 8%
    Van                     Chevrolet Express Cargo Van 14%         Luxury Sport Car   BMW M3                       7%
    Luxury SUV              Lincoln MKX                   14%       Luxury SUV         BMW X6                       7%
    Minivan                 Kia Sedona                    14%       Sport Car          Ford Mustang                 6%
    Luxury Sport Car        Chevrolet Corvette            14%       Small Car          Nissan Versa                 5%
    Sport Car               Ford Mustang                  13%       Subcompact Car     Ford Fiesta                  1%
    Small SUV               Jeep Patriot                  13%
    Luxury Car              Lincoln MKZ                   12%
    Subcompact Car          Toyota Yaris                  11%




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                            3
Greatest Discounts (continued...)

                 Makes with Greatest Discounts on 2010 Vehicles
                 18%
                                                                                                    Chevrolet
                                                                                                    Ford
                 16%
                                                                                                    Mercury
                                                                                                    GMC
                                                                                                    Chrysler
  % BELOW MSRP




                 14%




                 12%




                 10%




                 8%
                        March             April               May              June   July




                 Top Discounts: 2010 Makes                                             Top Discounts: 2011 Makes
                 Rank   Make                                    % Below MSRP           Rank   Make               % Below MSRP
                 1      Chevrolet                               16%                     1     Toyota             10%
                 2      Ford                                    15%                     2     GMC                9%
                 3      Mercury                                 14%                     3     Chevrolet          8%
                 4      GMC                                     14%                     4     Honda              8%
                 5      Lincoln                                 12%                     5     BMW                7%




                 Top Discounts: 2010 Models                                            Top Discounts: 2011 Models
                 Rank   Make / Model                            % Below MSRP          Rank    Make / Model       % Below MSRP
                 1      Chevrolet Silverado 1500                23%                     1     Chevrolet Malibu      13%
                 2      Jeep Grand Cherokee                     19%                     2     Toyota Camry          12%
                 3      Hyundai Sonata                          17%                     3     GMC Acadia            9%
                 4      Ford Ranger                             17%                     4     Buick Enclave         9%
                 5      Mercury Grand Marquis                   17%                     5     Ford Flex             9%



Top discounts for 2010 Models are based on the top discounts for each brand.




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                              4
Best Day of the Month to Buy a Car


                                   13%
     PROJECTED AVERAGE DISCOUNT




                                   12%                                                           Sept. 2nd, 2010

                                   11%


                                   10%


                                    9%                                                                                                    Sept. 14th, 2010

                                    8%


                                    7%

                                          8/16/10        8/20/10     8/24/10      8/28/10          9/01/10       9/05/10        9/09/10     9/13/10



                                                                                                             Best Day to Buy a Vehicle
                                      Consumer Tip of the Month                                              September 2nd, 2010
                                                                                                             Average Discount: 11.23%
                                  Our projections for the best and worst day to buy a new
                                  vehicle are rooted in an analysis of historical sales as well
                                  as short-term forecasts. Our projections over the next 31                  Worst Day to Buy a Vehicle
                                  days suggest that the best day to buy a car is actually the                September 14th, 2010
                                                                                                             Average Discount: 8.31%
                                  Thursday before Labor Day, September 2nd. The worst
                                  day to buy a car will likely be on Tuesday, September 14th.




Largest Total Incentives for July

    Models with Largest Total Incentives

    Rank                                    Make / Model                           Customer Cash Rebate             Dealer Cash

     1                                       BMW M6                                         $0                             $12,500
     2                                       Infiniti QX56                                  $0                             $7,000
     3                                       Chevrolet Impala                               $0                             $5,000
     4                                       Volkswagen Routan                              $0                             $5,000
     5                                       Volvo XC70                                     $0                             $5,000


   This table shows the highest incentive for each brand ranked. Generally, incentives are active throughout the month
   in which TrueTrends by TrueCar is released. Though active at the time of the reports’ release, incentives are subject
   to change without notice. Check for updates on the TrueCar price report for each model and with your dealer.




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                                                           5
Greatest Price Drop Month Over Month

     Top Vehicles ( by Vehicle Category )

     Vehicle Category        Year / Make / Model                                                                  $ Drop From Last Month
     Luxury Car               2010 Mercedes-Benz R-Class                                                          ($1,480)
     Large Car                2011 Ford Flex                                                                      ($1,171)
     Luxury SUV               2010 Land Rover Range Rover Sport                                                   ($1,150)
     Large SUV                2010 Ford Expedition EL                                                             ($548)
     Van                      2010 Ford Transit Connect Wagon                                                     ($494)
     Sport Car                2010 Volkswagen GTI                                                                 ($481)
     Small Car                2010 Mitsubishi Lancer                                                              ($464)
     Small SUV                2010 Jeep Patriot                                                                   ($375)
     Midsize Car              2010 Dodge Avenger                                                                  ($373)
     Midsize SUV              2010 Toyota RAV4                                                                    ($372)
     Subcompact Car           2010 Scion xB                                                                       ($233)
     Minivan                  2011 Toyota Sienna                                                                  ($224)
     Small Truck              2010 Nissan Frontier                                                                ($223)
     Large Truck              2010 Toyota Tundra 2WD Truck                                                        ($145)
     Luxury Sport Car         2010 Infiniti G37 Sedan                                                             ($102)


     Top Vehicles (overall)
      Rank                   Year / Make / Model                                                                  $ Drop From Last Month
       1                     2010 Mercedes-Benz R-Class                                                           ($1,480)
       2                     2011 Ford Flex                                                                       ($1,171)
       3                     2010 Land Rover Range Rover Sport                                                    ($1,150)
       4                     2011 BMW X6                                                                          ($685)
       5                     2010 Audi A4                                                                         ($548)



For each body type, TrueCar tracks the average transaction price for each trim and lists vehicles with the greatest drop in price month over month.
TrueCar also ranks the trims for unique makes with the overall greatest drop in price from July 9th, 2010 to August 5th, 2010.




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                                                    6
July’s Shortest and Longest Days in Inventory

     Industry Wide Average Days in Inventory for July: 49 Days

    Shortest to Longest ( by Vehicle Category )
                                                             Shortest and Longest Days in Inventory
                                     Average
    Rank    Vehicle Category     Days in Inventory           TrueCar ranks the vehicles that spend, on
     1      Large SUV                 32                     average, the shortest and longest days on the
     2      Midsize SUV               34                     lot before they sell. We rank by both overall
     3      Luxury SUV                38                     shortest / longest days in inventory and by
                                                             category. Vehicles that spend little time in
     4      Small SUV                 38
                                                             inventory are in high demand, while vehicles that
     5      Minivan                   38
                                                             spend an extended time in inventory are in low
     6      Midsize Car               45                     demand.
     7      Luxury Car                51
     8      Large Truck               54
     9      Small Car                 57
     10     Sport Car                 58
     11     Small Truck               60
     12     Subcompact Car            62
     13     Large Car                 67
     14     Luxury Sport Car          67
     15     Van                       135




    2010 Vehicles: Shortest Days in Inventory               2010 Vehicles: Longest Days in Inventory

    Rank    Make / Model               Days in Inventory    Rank     Make / Model             Days in Inventory

     1      Lexus LX 570                      12             1       Hyundai Sonata               216
     2      GMC Terrain                       14             2       Toyota Camry                 208
     3      Chevrolet Equinox                 16             3       Toyota Camry Hybrid          187
     4      Ford Expedition EL                18             4       Ford F-350                   171
     5      Toyota Highlander                 19             5       Ford Mustang                 167
     6      Lexus LS 460                      19             6       Scion xD                     156
     7      Toyota RAV4                       19             7       Lincoln MKT                  134
     8      Lincoln Navigator                 21             8       Ford Transit Connect         134
     9      Toyota 4Runner                    22             9       Jeep Commander               124
     10     Nissan Murano                     23             10      Mazda Tribute                119




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                7
July’s Shortest and Longest Days in Inventory (continued...)

   2011 Vehicles: Shortest Days in Inventory                  2011 Vehicles: Longest Days in Inventory

   Rank     Make / Model              Days in Inventory       Rank     Make / Model                 Days in Inventory

    1       Volkswagen Tiguan                6                1        Toyota Camry Hybrid              64
    2       Audi A5                          6                2        Volvo C70                        62
    3       Infiniti QX56                    6                3        Volvo C30                        61
    4       Toyota Tacoma                    7                4        Mitsubishi Eclipse               49
    5       Mercedes-Benz GL450              8                5        Toyota Camry                     47
    6       Audi Q5                          8                6        Kia Sorento                      38
    7       BMW 528i                         8                7        Infiniti M37                     34
    8       Hyundai Elantra Touring          9                8        Scion xB                         29
    9       Mercedes-Benz GLK350             9                9        Toyota Sienna                    28




Model Year Share
     Percent Industry Share of Model Year Vehicles
                                                                                                               2009
     Model Year Share shows the percentage share of                                                            .5%
     2010 model year vehicles sold within the last month                                                       2010
     versus vehicles of any other model year sold.                                                             82.7%
     Generally, the higher the model year share value, the
                                                                                                               2011
     higher the discount a consumer can expect to receive                        82.7%                         16.8%
     on that given model. It also reflects that dealers are                      2010 VEHICLES

     more likely to cut deals on a 2010 model in order to
     make room for a 2011. At this time of year, many
     brand’s model year mix are predominantly comprised
     of 2010’s. The makes with the highest percentage of
     2010 model year share are Lexus, Mazda, and Acura.
                                                              Between 2009, 2010, and 2011 vehicles, 2010 shares 82.7%
                                                              of total sales.


    Lowest Percentage of 2010 Vehicles Sold                   Highest Percentage of 2011 Vehicles Sold

    Rank      Make                           % of Sales       Rank      Make                                 % of Sales

        1     BMW                            9.8%              1        BMW                                  89.5%
        2     Jaguar                         27.4%             2        Jaguar                               72.2%
        3     Porsche                        28.0%             3        Porsche                              70.8%
        4     smart                          44.3%             4        Subaru                               49.4%
        5     Subaru                         50.5%             5        Audi                                 42.4%




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                        8
Appendix

About Us
TrueCar is the authority in new-car pricing. We show car         marketplace pricing, helping them price cars for increased
buyers and car dealers how much people actually paid for a       sales, and ultimately gaining market share over other
particular car in a specific local area. With TrueCar pricing,   dealers. Our innovative new car pricing service is offered
both new car buyers and new car dealers can know at any          free of charge on our website at www.truecar.com, on our
time what is considered a good or great price on a new car.      mobile site at mobile.truecar.com, and via syndication of our
Consumers no longer need to walk into a dealership               tools and pricing data to leading automotive research sites
partially informed and fully suspicious – using TrueCar they     throughout the web.
walk in knowing the price of a fair deal. Dealers benefit by
TrueCar’s real-time, unbiased information about




Disclaimer
This report and the information contained herein is for your     include technical inaccuracies or typographical errors.
noncommercial, personal use on an “as-is, as available”          Neither TrueCar nor any of its parents, subsidiaries,
basis and may be used by you for informational purposes          affiliates, or their respective partners, officers, directors,
only. TrueCar makes no representations or warranties,            employees, or agents shall be held liable for any damages,
express or implied, with respect to the information              whether direct, incidental, indirect, special, or consequential,
contained in this report and the results of the use of such      including without limitation lost revenues or lost profits,
information, including but not limited to implied warranty of    arising from or in connection with your use or reliance on the
merchantability, fitness for a particular purpose, and non-      information presented in this report.
infringement. The information contained in this report may




Contact Us
TrueCar Inc.
225 Santa Monica Blvd, 6th Floor
Santa Monica, CA 90401
(800) 200-2000
info@truecar.com

Visit us at www.truecar.com




August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc.                                                                  9

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TrueTrends by TrueCar

  • 1. Automotive intelligence covering new car prices, best car deals and more... BROUGHT TO YOU BY
  • 2. Table of Contents Page 2 TrueCar’s Price Flex Score The TrueCar Price Flex Score measures the elasticity of transaction price by model. The Price Flex Score calculation dynami- cally incorporates the factors that affect price variance including the model’s transaction price range, current inventory and sales data. A vehicle experiencing extremely low inventory and a small range of transaction prices will have a low Price Flex Score. Don’t expect much of a discount from the TrueCar average transaction price on a vehicle with a low Price Flex Score. If a vehicle has a high Price Flex Score, however, you have the potential to strike a deal significantly below (or above, if you’re not careful!) the TrueCar average transaction price. Here are the 2010 models with the highest and the lowest Price Flex Scores. We also show the models with the highest and lowest Price Flex Score within each vehicle category. The scores range from 1 to 100. A score of 1 corresponds to the lowest Price Flex Score and indicates a very small -if any- negotiation power. A score of 100 indicates the highest Price Flex Score, meaning there is a big range of transaction prices for that model. Page 3 Greatest Discounts Large trucks offer the greatest discounts at an average below MSRP of 11%. Model year 2010 domestic makes including Chevrolet, Ford, Mercury, GMC, and Lincoln offer the biggest discounts. The top 2011 makes with the biggest discounts are Toyota, GMC, Chevrolet, Honda, and BMW. Page 5 Best and Worst Days of the Month to Buy a Car Our projections over the next 31 days suggest that the best day to buy a car is actually the Thursday before Labor Day, September 2nd. The worst day to buy a car will likely be on Tuesday, September 14th. Page 5 Largest Total Incentives for June The BMW M6 offers the highest incentives this month with $12,500 in dealer cash. Page 6 Greatest Price Drop Month over Month For each body type, TrueCar.com tracks the average transaction price for each trim and lists vehicles with the greatest drop in price month over month. This months greatest drop in price falls under the luxury car category with a $1,480 price drop. Page 7 Shortest and Longest Days in Inventory Vans, luxury sport cars, and large cars are where the best potential inventory-based discounts will be seen. On average, vans are staying in inventory for 135 days, while luxury sport cars and large cars are on staying on the lot for 67 days each. Meanwhile, large SUVs continue to move off the lots quickly, with an average inventory stay of 32 days. Among 2010 models, the Hyundai Sonata spends the longest days in inventory at an average of 216 days. It will be tough finding a Lexus LX 570, which has the shortest days in inventory at an average stay of 12 days. Page 8 Model Year Share Model year share shows the percentage share of 2010 model year vehicles sold within the last month versus vehicles of any other model year sold. The makes with the highest percentage of 2010 model year share are Lexus, Mazda, and Acura. Model year 2010 vehicles make up 82.7% of vehicles available. BMW has the highest share of 2011 models with 89.5%. August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 1
  • 3. TrueCar Price Flex Score Least and Most Flexible 2010 Vehicles ( by Vehicle Category ) Vehicle Category Least Flexible Model Most Flexible Model Large Car Buick LaCrosse (Score: 2) Chrysler 300 (Score: 96) Large SUV Mazda CX-9 (Score: 5) GMC Yukon (Score: 35) Large Truck Toyota Tundra 4WD Truck (Score: 14) GMC Sierra 1500 Hybrid (Score: 91) Luxury Car Audi A8 L (Score: 6) Cadillac STS (Score: 99) Luxury Sport Car Infiniti G37 Convertible (Score: 2) BMW 6 Series (Score: 97) Luxury SUV Audi Q7 (Score: 1) Land Rover LR2 (Score: 91) Midsize Car Ford Fusion (Score: 11) Suzuki Kizashi (Score: 98) Midsize SUV Ford Edge (Score: 2) Kia Optima (Score: 97) Minivan Dodge Grand Caravan (Score: 31) Volkswagen Routan (Score: 93) Small Car Chevrolet HHR (Score: 14) Kia Forte (Score: 97) Small SUV GMC Terrain (Score: 5) Kia Sportage (Score: 95) Small Truck Ford Explorer Sport Trac (Score: 13) Ford Ranger (Score: 75) Sport Car MINI Cooper Convertible (Score: 6) Mitsubishi Eclipse (Score: 99) Subcompact Car MINI Cooper Clubman (Score: 9) Nissan cube (Score: 100) Van Ford Econoline Wagon (Score: 21) Chevrolet Express Cargo Van (Score: 77) TrueCar Price Flex Score Least Flexible 2010 Models Most Flexible 2010 Models Score Make Model Score Make Model 1 Audi Q7 100 Nissan cube 1 Cadillac SRX 100 Hyundai Accent 2 Buick LaCrosse 99 Cadillac STS 2 Ford Edge 99 Chevrolet Aveo 2 Infiniti G37 Convertible 99 Mitsubishi Eclipse 3 Acura RDX 98 Dodge Viper 3 Lincoln MKX 98 Suzuki Kizashi 4 Chevrolet Impala 97 BMW 6 Series 5 Chevrolet Equinox 97 Kia Forte 5 GMC Terrain 96 Chrysler 300 Only one model per make was selected for the least and most flexible models. August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 2
  • 4. Greatest Discounts Top Discounts ( by Vehicle Category ) Top Discounts Average % Below Rank Vehicle Category MSRP The greatest percent below MSRP helps identify 1 Large Truck 11% the biggest consumer discounts of the month. 2 Luxury Car 8% Below, TrueCar ranks 2010 and 2011 vehicles with average transaction prices that comprise the 3 Van 7% greatest percent off the make or model’s average 4 Midsize Car 7% MSRP. 5 Large SUV 7% 6 Large Car 6% 7 Minivan 6% 8 Small SUV 6% 9 Luxury Sport Car 6% 10 Small Car 6% 11 Luxury SUV 6% 12 Small Truck 5% 13 Midsize SUV 5% 14 Sport Car 5% 15 Subcompact Car 2% Top 2010 Models ( by Vehicle Category ) Top 2011 Models ( by Vehicle Category ) % Below % Below Vehicle Category Model MSRP Vehicle Category Model MSRP Large Truck Chevrolet Silverado 1500 23% Midsize Car Chevrolet Malibu 13% Midsize Car Chevrolet Malibu 20% Large Truck Chevrolet Silverado 2500HD 11% Midsize SUV Jeep Grand Cherokee 19% Large SUV Chevrolet Traverse 10% Small Truck Ford Ranger 17% Large Car Toyota Avalon 10% Large Car Mercury Grand Marquis 17% Midsize SUV Buick Enclave 9% Small Car Ford Focus 16% Minivan Toyota Sienna 8% Large SUV Chevrolet Tahoe 15% Luxury Car BMW 1 Series 8% Van Chevrolet Express Cargo Van 14% Luxury Sport Car BMW M3 7% Luxury SUV Lincoln MKX 14% Luxury SUV BMW X6 7% Minivan Kia Sedona 14% Sport Car Ford Mustang 6% Luxury Sport Car Chevrolet Corvette 14% Small Car Nissan Versa 5% Sport Car Ford Mustang 13% Subcompact Car Ford Fiesta 1% Small SUV Jeep Patriot 13% Luxury Car Lincoln MKZ 12% Subcompact Car Toyota Yaris 11% August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 3
  • 5. Greatest Discounts (continued...) Makes with Greatest Discounts on 2010 Vehicles 18% Chevrolet Ford 16% Mercury GMC Chrysler % BELOW MSRP 14% 12% 10% 8% March April May June July Top Discounts: 2010 Makes Top Discounts: 2011 Makes Rank Make % Below MSRP Rank Make % Below MSRP 1 Chevrolet 16% 1 Toyota 10% 2 Ford 15% 2 GMC 9% 3 Mercury 14% 3 Chevrolet 8% 4 GMC 14% 4 Honda 8% 5 Lincoln 12% 5 BMW 7% Top Discounts: 2010 Models Top Discounts: 2011 Models Rank Make / Model % Below MSRP Rank Make / Model % Below MSRP 1 Chevrolet Silverado 1500 23% 1 Chevrolet Malibu 13% 2 Jeep Grand Cherokee 19% 2 Toyota Camry 12% 3 Hyundai Sonata 17% 3 GMC Acadia 9% 4 Ford Ranger 17% 4 Buick Enclave 9% 5 Mercury Grand Marquis 17% 5 Ford Flex 9% Top discounts for 2010 Models are based on the top discounts for each brand. August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 4
  • 6. Best Day of the Month to Buy a Car 13% PROJECTED AVERAGE DISCOUNT 12% Sept. 2nd, 2010 11% 10% 9% Sept. 14th, 2010 8% 7% 8/16/10 8/20/10 8/24/10 8/28/10 9/01/10 9/05/10 9/09/10 9/13/10 Best Day to Buy a Vehicle Consumer Tip of the Month September 2nd, 2010 Average Discount: 11.23% Our projections for the best and worst day to buy a new vehicle are rooted in an analysis of historical sales as well as short-term forecasts. Our projections over the next 31 Worst Day to Buy a Vehicle days suggest that the best day to buy a car is actually the September 14th, 2010 Average Discount: 8.31% Thursday before Labor Day, September 2nd. The worst day to buy a car will likely be on Tuesday, September 14th. Largest Total Incentives for July Models with Largest Total Incentives Rank Make / Model Customer Cash Rebate Dealer Cash 1 BMW M6 $0 $12,500 2 Infiniti QX56 $0 $7,000 3 Chevrolet Impala $0 $5,000 4 Volkswagen Routan $0 $5,000 5 Volvo XC70 $0 $5,000 This table shows the highest incentive for each brand ranked. Generally, incentives are active throughout the month in which TrueTrends by TrueCar is released. Though active at the time of the reports’ release, incentives are subject to change without notice. Check for updates on the TrueCar price report for each model and with your dealer. August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 5
  • 7. Greatest Price Drop Month Over Month Top Vehicles ( by Vehicle Category ) Vehicle Category Year / Make / Model $ Drop From Last Month Luxury Car 2010 Mercedes-Benz R-Class ($1,480) Large Car 2011 Ford Flex ($1,171) Luxury SUV 2010 Land Rover Range Rover Sport ($1,150) Large SUV 2010 Ford Expedition EL ($548) Van 2010 Ford Transit Connect Wagon ($494) Sport Car 2010 Volkswagen GTI ($481) Small Car 2010 Mitsubishi Lancer ($464) Small SUV 2010 Jeep Patriot ($375) Midsize Car 2010 Dodge Avenger ($373) Midsize SUV 2010 Toyota RAV4 ($372) Subcompact Car 2010 Scion xB ($233) Minivan 2011 Toyota Sienna ($224) Small Truck 2010 Nissan Frontier ($223) Large Truck 2010 Toyota Tundra 2WD Truck ($145) Luxury Sport Car 2010 Infiniti G37 Sedan ($102) Top Vehicles (overall) Rank Year / Make / Model $ Drop From Last Month 1 2010 Mercedes-Benz R-Class ($1,480) 2 2011 Ford Flex ($1,171) 3 2010 Land Rover Range Rover Sport ($1,150) 4 2011 BMW X6 ($685) 5 2010 Audi A4 ($548) For each body type, TrueCar tracks the average transaction price for each trim and lists vehicles with the greatest drop in price month over month. TrueCar also ranks the trims for unique makes with the overall greatest drop in price from July 9th, 2010 to August 5th, 2010. August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 6
  • 8. July’s Shortest and Longest Days in Inventory Industry Wide Average Days in Inventory for July: 49 Days Shortest to Longest ( by Vehicle Category ) Shortest and Longest Days in Inventory Average Rank Vehicle Category Days in Inventory TrueCar ranks the vehicles that spend, on 1 Large SUV 32 average, the shortest and longest days on the 2 Midsize SUV 34 lot before they sell. We rank by both overall 3 Luxury SUV 38 shortest / longest days in inventory and by category. Vehicles that spend little time in 4 Small SUV 38 inventory are in high demand, while vehicles that 5 Minivan 38 spend an extended time in inventory are in low 6 Midsize Car 45 demand. 7 Luxury Car 51 8 Large Truck 54 9 Small Car 57 10 Sport Car 58 11 Small Truck 60 12 Subcompact Car 62 13 Large Car 67 14 Luxury Sport Car 67 15 Van 135 2010 Vehicles: Shortest Days in Inventory 2010 Vehicles: Longest Days in Inventory Rank Make / Model Days in Inventory Rank Make / Model Days in Inventory 1 Lexus LX 570 12 1 Hyundai Sonata 216 2 GMC Terrain 14 2 Toyota Camry 208 3 Chevrolet Equinox 16 3 Toyota Camry Hybrid 187 4 Ford Expedition EL 18 4 Ford F-350 171 5 Toyota Highlander 19 5 Ford Mustang 167 6 Lexus LS 460 19 6 Scion xD 156 7 Toyota RAV4 19 7 Lincoln MKT 134 8 Lincoln Navigator 21 8 Ford Transit Connect 134 9 Toyota 4Runner 22 9 Jeep Commander 124 10 Nissan Murano 23 10 Mazda Tribute 119 August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 7
  • 9. July’s Shortest and Longest Days in Inventory (continued...) 2011 Vehicles: Shortest Days in Inventory 2011 Vehicles: Longest Days in Inventory Rank Make / Model Days in Inventory Rank Make / Model Days in Inventory 1 Volkswagen Tiguan 6 1 Toyota Camry Hybrid 64 2 Audi A5 6 2 Volvo C70 62 3 Infiniti QX56 6 3 Volvo C30 61 4 Toyota Tacoma 7 4 Mitsubishi Eclipse 49 5 Mercedes-Benz GL450 8 5 Toyota Camry 47 6 Audi Q5 8 6 Kia Sorento 38 7 BMW 528i 8 7 Infiniti M37 34 8 Hyundai Elantra Touring 9 8 Scion xB 29 9 Mercedes-Benz GLK350 9 9 Toyota Sienna 28 Model Year Share Percent Industry Share of Model Year Vehicles 2009 Model Year Share shows the percentage share of .5% 2010 model year vehicles sold within the last month 2010 versus vehicles of any other model year sold. 82.7% Generally, the higher the model year share value, the 2011 higher the discount a consumer can expect to receive 82.7% 16.8% on that given model. It also reflects that dealers are 2010 VEHICLES more likely to cut deals on a 2010 model in order to make room for a 2011. At this time of year, many brand’s model year mix are predominantly comprised of 2010’s. The makes with the highest percentage of 2010 model year share are Lexus, Mazda, and Acura. Between 2009, 2010, and 2011 vehicles, 2010 shares 82.7% of total sales. Lowest Percentage of 2010 Vehicles Sold Highest Percentage of 2011 Vehicles Sold Rank Make % of Sales Rank Make % of Sales 1 BMW 9.8% 1 BMW 89.5% 2 Jaguar 27.4% 2 Jaguar 72.2% 3 Porsche 28.0% 3 Porsche 70.8% 4 smart 44.3% 4 Subaru 49.4% 5 Subaru 50.5% 5 Audi 42.4% August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 8
  • 10. Appendix About Us TrueCar is the authority in new-car pricing. We show car marketplace pricing, helping them price cars for increased buyers and car dealers how much people actually paid for a sales, and ultimately gaining market share over other particular car in a specific local area. With TrueCar pricing, dealers. Our innovative new car pricing service is offered both new car buyers and new car dealers can know at any free of charge on our website at www.truecar.com, on our time what is considered a good or great price on a new car. mobile site at mobile.truecar.com, and via syndication of our Consumers no longer need to walk into a dealership tools and pricing data to leading automotive research sites partially informed and fully suspicious – using TrueCar they throughout the web. walk in knowing the price of a fair deal. Dealers benefit by TrueCar’s real-time, unbiased information about Disclaimer This report and the information contained herein is for your include technical inaccuracies or typographical errors. noncommercial, personal use on an “as-is, as available” Neither TrueCar nor any of its parents, subsidiaries, basis and may be used by you for informational purposes affiliates, or their respective partners, officers, directors, only. TrueCar makes no representations or warranties, employees, or agents shall be held liable for any damages, express or implied, with respect to the information whether direct, incidental, indirect, special, or consequential, contained in this report and the results of the use of such including without limitation lost revenues or lost profits, information, including but not limited to implied warranty of arising from or in connection with your use or reliance on the merchantability, fitness for a particular purpose, and non- information presented in this report. infringement. The information contained in this report may Contact Us TrueCar Inc. 225 Santa Monica Blvd, 6th Floor Santa Monica, CA 90401 (800) 200-2000 info@truecar.com Visit us at www.truecar.com August 14th, 2010 - TrueTrends™ by TrueCar™ - © 2010 TrueCar, Inc. 9