TrueCar finds passenger cars lead February's list of best savings
Low gas prices and continued consumer interest in utilities spur favorable savings on sedans
SANTA MONICA, Calif., Feb. 13, 2015 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free car buying and selling mobile marketplace, finds the Ford Fusion sedan tops February's list of best savings on new vehicles, currently selling at an average of 14 percent off the Manufacturer's Suggested Retail Price (MSRP).
The "TrueSavings" monthly report analyzes recent transaction prices and identifies opportunities for consumers. Along with Fusion, TrueCar finds Hyundai's Elantra compact sedan and FCA's Chrysler 300C large sedan also are selling at least 10 percent below MSRP this month. Currently, eight of the 10 most-in-demand vehicles on TrueCar's platform are light trucks.
"TrueCar's data illustrates a change in consumer preference, with transaction prices reflecting generous savings for savvy consumers interested in compact, midsize and large cars this month," said John Krafcik, president of TrueCar. "This observed shift, improved fuel economy on utility vehicles and low gasoline prices drove consumers away from more traditional sedans."
The year's first holiday weekend auto sales promotion is under way, tied to the February 16 Presidents Day observance that closes financial markets, government offices and public schools.
| Snapshot of some of February's new vehicle best savings (off MSRP): |
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| Year/Make/ Model/Trim |
Segment |
MSRP |
Market Average |
$ Savings / % Savings |
Est. Monthly Payment* |
City / Hwy / Comb MPG |
| 2015 Ford Fusion S FWD |
Midsize Car |
$22,835 |
$19,607 |
$3,228/ 14.1% |
$282 |
22/34/27.3 |
| 2015 Ram 1500, Express Reg. Cab, 4x2 Std. Bed |
Large Truck |
$27,740 |
$23,868 |
$3,872/ 14.0% |
$343 |
17/25/20.6 |
| 2015 Hyundai Elantra, SE Manual |
Small Car |
$18,075 |
$15,873 |
$2,202/ 12.2% |
$228 |
27/37/31.7 |
| 2015 Nissan Pathfinder 4WD SL |
Midsize SUV |
$38,635 |
$34,687 |
$3,948/ 10.2% |
$499 |
19/26/22.3 |
| 2015 Chrysler 300C AWD |
Large Car |
$41,390 |
$37,191 |
$4,199/ 10.1% |
$535 |
18/27/22 |
| *Estimated monthly payments are based on a 3% APR for 60 months with 20% down on the current market average price, and excludes sales tax and other fees and charges that may vary by region or state. These examples are for informational purposes only, and are not offers to lend. See dealer/lender for details, including actual available offers. |
"Market Average" is based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change. This 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.
Below is a snapshot of some of the best manufacturer lease and finance deals currently available in certain regions:
Lease:
2015 BMW X1 xDrive 28i: $299/month for 36 months, $3,844 down, 10,000 miles, Exp: 3/2/15
2015 Ford Fusion: $179/month for 24 months with $2,599 down, 21,000 miles, Exp: 3/31/15
2015 Nissan Murano: $319/month for 36 months, $2,699 down, 12,000 miles/year, Exp: 3/2/15
2015 Ram 1500: $219/month for 36 months, $3,299 down, 10,000 miles/year, Exp: 3/2/15
2015 Mercedes Benz GLA: $369/month for 36 months, $3,899 down, 30,000 miles, Exp: 3/2/15
Finance:
2015 Honda Civic sedan: 0.9% financing for 48 months, Exp: 3/2/15
2015 Mazda CX-5: 0.0% financing for 60 months, Exp: 3/2/15
2015 Toyota RAV4: 0.00% financing for 48 months, Exp: 3/2/15
2015 Volkswagen Golf TDI: 0.0% financing for 60 months, Exp: 3/2/15
2015 Infiniti Q70: 0.9% financing for 60 months, Exp: 3/2/15
Customer Cash Offers:
2015 Chevrolet Silverado 1500: up to $1,750 customer cash, Exp: 3/2/15
2015 Ford Explorer: up to $1,500 customer cash, Exp: 3/2/15
2015 Hyundai Sonata: up to $1,000 customer cash, Exp: 3/2/15
2015 Kia Optima: up to $1,500 customer cash, Exp: 3/2/15
2015 Nissan Altima: up to $750 customer cash, Exp: 3/2/15
The deal information summarized above is provided for illustrative purposes only, and is not an offer to lend. Results may vary depending on your individual circumstances, including credit approval by dealer/manufacturer. Deals are subject to change and are limited to inventory on hand. See your dealer/manufacturer for details, including actual offers available in your region.
About TrueCar
TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free car buying and selling mobile marketplace, gives consumers transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers. TrueCar's network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience. TrueCar powers car-buying programs for some of the largest U.S. membership and service organizations, including AARP, American Express, AAA and USAA. Not all program features are available in all states. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.
TrueCar media line: +1-844-469-8442 (US toll-free) | Email: [email protected]
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SOURCE TrueCar, Inc.
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