December Sales Could Top 1.37 Million Units, TrueCar Reports
TrueCar says the industry is on pace to sell more than 1.37 million units this month, which would put the SAAR at 15.6 million units.
SANTA MONICA, Calif. — TrueCar.com reported last week that December sales could top 1.37 million units, which would represent a 10.3 percent increase vs. a year ago and a 19.9 percent increase vs. November.
If the vehicle information site’s prediction holds true, the feat would translate into a seasonally adjusted annualized rate of 15.6 million units, up from the 13.6 million rate recorded in December 2011 and up from 15.5 million un November.
So far this month, retail sales are up 9.2 percent compared to December 2011 and up 23.6 percent from November 2012. Fleet and rental sales are expected to make up 16.5 percent of total industry sales in December, TrueCar said.
The expected increase would be achieved despite incentive spending being down 9 percent from the year-ago period, with the average spend per unit expected to come in at $2,409. However, that per unit level would be a 4.3 percent higher vs. November.
Used-car sales, according to TrueCar, are expected to total more than 3.49 million units, a 6.6 percent increase from December 2011 and a 13 percent increase from November.
“December continues the trend of exceptional sales due to strong manufacturer incentives, specifically lease and finance deals, and the demand due to Hurricane Sandy in the Northeast,” said Jesse Toprak, senior analyst for TrueCar.com. “Even with the fiscal cliff still needing to be resolved, automakers can expect a strong year for new car sales in 2013.”
More Auto Finance

Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →