HYMPY - Vehicle sales continue to rebound in December TrueCar says

TrueCar ([[TRUE]] +2.7%) forecasts that total vehicle retail sales for Q4 will rise 0.6% vs. 2019 when adjusted for the same number of selling days and will jump 34.2% from Q3, also on an adjusted basis.The projections underscore the rebound the industry has experienced since the pandemic derailed auto sales in March.For December 2020, total new vehicle sales are expected to reach 1,605,101 units, down 6.5% Y/Y on an adjusted basis.This month's seasonally adjusted annualized rate for total light vehicle sales is estimated to be 16.2M units.Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 1,428,094, down 2.2% Y/Y.Average transaction price, though, is projected to rise 5.3%, or $1,950 from a year ago and up 2.6%, or $988, from November 2020, setting an all-time record as the price climbs closer to $40K.TrueCar projects that U.S. revenue from new vehicle sales will reach more

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Vehicle sales continue to rebound in December, TrueCar says