TrueCar.com Reports On Best End Of Year Car Deals For December 2012 Last Few Weeks of December Expected to Have An Average Eight Percent Discount; New Car Discounts as High as 14 Percent on 2013 Models

SANTA MONICA, Calif., Dec. 20, 2012 /PRNewswire/ -- It's the last month of the year and dealerships around the country are looking to sell as much inventory as possible. TrueCar, an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers, suggests car buyers take advantage of some amazing offers available on 2012 and 2013 models that can save consumers up to 14 percent off a new car along with some great lease and finance deals available. TrueCar.com, the only transparent publisher of real-time new and used (ClearBook.com) vehicle transaction data in the US market, has identified great luxury new car deals on vehicles including cash, finance and lease deals available nationwide.

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Based on data from previous years, TrueCar is forecasting that December 29th, the last Saturday of December will be the best day in December to purchase a vehicle with an average discount of 8.2 percent from the Manufacturers Suggested Retail Price ("MSRP"). TrueCar also forecasts the discounted average through the rest of December to be eight percent.  The information below reflects the possible discount from MSRP, and includes manufacturer-to-consumer rebates, lease and finance deals.

"Manufacturers continue to offer attractive year-end incentives to help move metal off dealership lots," said Jesse Toprak, Senior Analyst for TrueCar. "December has always been a good month to purchase or lease a luxury vehicle. This year, we're also seeing some strong incentives on large trucks as well. Car buyers should always do their research before buying a car and consider getting a no-hassle price which helps to provide a pleasant car-buying experience at the dealership."

Some examples of discounts available using TrueCar's data of average national transactions on 2012 and 2013 models include:

Cash Savings on New Luxury Vehicles†

Year Make Model

MSRP

Market Average*

$ Savings**

% Savings
from MSRP

2013 Chrysler 200

$25,680

$22,010

$3,670

14.3%

2013 Chevrolet Silverado

$28,610

$24,683

$3,927

13.7%

2013 Ford Focus

$18,995

$16,476

$2,519

13.3%

2013 BMW 5 Series

$61,995

$54,747

$7,248

11.7%

2013 Infiniti G37

$38,145

$34,780

$3,365

8.8%

†For more information about these vehicles and potential savings on other vehicles, visit the TrueCar Blog. *Market average is estimated based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change, but does not include tax, title,  licensing, documentation or processing fees, other state and governmental charges and/or fees, or any other charges or fees allowed by law. **Savings amount is off MSRP.  See dealer for details.

Finance Offers***

  • 2013 Audi A4 – 1.9% financing for up to 66 months (Expires: 01/07/2013)
  • 2012 Honda Odyssey – 0.9% financing for up to 60 months (Expires: 01/02/2013)
  • 2012 Hyundai Sonata Hybrid – 0% financing for up to 60 months (Expires: 01/02/2013)
  • 2013 Subaru Forester0% financing. Length of financing limited. (Expires: 01/02/2013)
  • 2013 Volkswagen CC – 0% financing up to 72 months (Expires: 01/02/2013)

Lease Offers:

Ranked Lease Deals on New Luxury Vehicles***:

Year/Make/Model

Lease Deal

Months

Down

Payment

MSRP

Miles per Year

Expiration

2013 Chevrolet Malibu

$189

24

$1,999

$23,150

12,000

01/02/13

2013 Acura ILX

$229

36

$1,999

$26,795

10,000

01/02/13

2013 Ford Escape

$219

24

$2,618

$25,895

10,500

01/02/13

2013 Cadillac CTS Coupe

$349

36

$0

$39,810

10,000

01/02/13

2013 Mercedes-Benz C250 Sport Sedan

$349

30

$4,143

$38,755

10,000

12/31/12

Once consumers have identified their desired vehicle, consumers can then choose to be connected with one of TrueCar's Certified Dealers for a "no-hassle" car-buying experience.  For more information about the pros and cons of leasing and getting a better deal through leasing, please visit the TrueCar Blog.

***Actual APR/lease may be subject to credit approval and other factors. These examples are for information purposes only, and are not an offer to lend or lease. See your dealer for details, including actual available offers.

About TrueCar, Inc.

TrueCar, Inc., headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas, is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers.  As an online publisher of unbiased new and used car transaction data, TrueCar.com provides price reports that empower dealers and consumers to agree on the parameters of a fair deal by supplying a transparent, simple understanding of what others recently paid for identically-equipped new cars in their geographic area.  TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry and has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets.

TrueCar is a data-driven company that sources, compiles, and analyses car-buying information unlike anybody in the industry.  This is why, since its founding in 2005, TrueCar dealer partners have sold over 600,000 vehicles across the country.  Its national network of more than 5,200 Certified Dealers is committed to provide no-hassle pricing for some of the country's largest membership and service organizations, including American Express, AAA, USAA and Consumer Reports that collectively represent more than one million monthly in-market customers.

You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.

Disclaimer

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

SOURCE TrueCar.com



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