TrueCar Projects 10% Increase in US Used Vehicle Supply
1 report, 1 independent
Updated Sep 20
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
TrueCar projected that the supply of used vehicles five years old or newer in the US would increase by 10% in 2015. This projection was made following a period where new vehicle sales climbed 5.9% to reach around 16.5 million units in 2014.
From inautonews.com
Why it matters
The higher volume of new cars has increased the supply of late-model used vehicles, which helps replenish inventories. This increased availability is putting downward pressure on used car prices.
From inautonews.com
Who's involved
- TrueCarCompany that projected the increase in used vehicle supply
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- TrueCarSpeculative
The company's market projections could affect its revenue and market standing.
Keep exploring
The entities involved
-
TrueCar
Inc., formerly Zag.com