Welcome!

Big Data Journal Authors: Elizabeth White, Carmen Gonzalez, Liz McMillan, Dana Gardner, Esmeralda Swartz

News Feed Item

August Is The Best Month To Buy A New Car, According To TrueCar

August new car prices are on average $1,850 lower than December, which is often perceived to be the optimal time to purchase a vehicle

SANTA MONICA, Calif., Aug. 8, 2014 /PRNewswire/ -- Consumers looking to save on a new car or truck should do their shopping in August, according to the analysts at TrueCar, Inc. the negotiation-free car buying and selling platform.  New car and truck prices during the past five years in August have averaged $29,296$169 lower than any other month. 

To view the multimedia assets associated with this release, please click http://www.multivu.com/players/English/7286951-truecar-august-is-the-best-time-to-buy-a-car/

"This is a great example of the power of data, which shows dealers are clearing out older inventory in August," says TrueCar founder and CEO Scott Painter

Conventional wisdom used to be that December was prime time for new car and truck buyers. However, TrueCar data reveals that prices in December average $31,146 – the most expensive month for new cars and $1,850 higher than August.

"Consumer buying trends have been turned upside down during the past decade due to the emergence of big data," says Painter. "New car buyers are better educated because transparent pricing information is readily available at Truecar.com. And price-confident consumers create a better buying experience for themselves and car dealers."

BEST TIMES TO BUY A NEW VEHICLE

As the month-by-month chart below shows, the average new vehicle transaction price in August is $169 less than any other month. The next lowest average is July. The average August savings are $716 less than the median price for the rest of the year.

ABOUT TRUECAR

TrueCar, Inc. (NASDAQ: TRUE) is the negotiation-free car buying and selling platform. TrueCar enables a negotiation-free car buying experience by giving buyers transparent insight into what others actually paid (price confidence), upfront pricing information (price discovery), and access to a network of trusted TrueCar Certified Dealers who provide guaranteed savings certificates and seamlessly complete the car purchase. The reality is that buying a car is painful and buyers fear they are going to overpay or be surprised with hidden fees. TrueCar's transparent upfront pricing information makes the car buying process simple so there are no surprises and buyers never overpay. TrueCar's mission is to make car buying simple, fair and fun. Its national network of more than 8,000 TrueCar Certified Dealers, including both new car franchise dealers and non-franchise dealers, is committed to providing negotiation-free savings off MSRP and upfront pricing information for all car-buyers, including members of some of the country's largest membership and service organizations such as AARP, American Express, AAA, and USAA. Note: Not all program features are available in all states. Go to www.truecar.com for program details. TrueCar is headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas.

 

TrueCar

 

Best Day of the Week to Buy a New Vehicle

 

Best Time of the Month to Buy a New Vehicle

 

Best Month to Buy a New Vehicle by Vehicle Type

 

To view the multimedia assets associated with this release, please click http://www.multivu.com/players/English/7286951-truecar-august-is-the-best-time-to-buy-a-car/

SOURCE TrueCar, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories from Big Data Journal
Internet of @ThingsExpo announced today a limited time free "Expo Plus" registration option. On site registration price of $600 will be set to 'free' for delegates who register during this period. To take advantage of this opportunity, attendees can use the coupon code "IoTAugust" and secure their "@ThingsExpo Plus" registration to attend all keynotes, as well as limited number of technical sessions each day of the show, in addition to full access to the expo floor and the @ThingsExpo hackathon....
The emergence of cloud computing and Big Data warrants a greater role for the PMO to successfully manage enterprise transformation driven by these powerful trends. As the adoption of cloud-based services continues to grow, a governance model is needed to orchestrate enterprise cloud implementations and harness the power of Big Data analytics. In his session at 15th Cloud Expo, Mahesh Singh, President of BigData, Inc., to discuss how the Enterprise PMO takes center stage not only in developing th...
Having just joined a large technology company with 20 years of history, it would be suicidal to believe that I can immediately move the entire organization to the DevOps mindset and model. For those not familiar with the term, “Eventual Consistency” is a model used in distributed computing to ensure high availability. In this context, it’s a model for replicating best practices and automation across IT teams and business units. The logical place to start with automation is the on-boarding of a ...
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Fujitsu has a long and demonstrated history delivering world-class solutions that enable businesses to succeed in a highly competitive market and ever-evolving technology landscape. The Fujitsu Cloud ISV Partner Program is one more way we’re delivering exceptional value to our customers, where we focus on helping companies transform and deliver their solutions in an “as-a-service” model from our cloud. Our aim is to work closely with leading solution providers to take full advantage of not only ...
The Open Group and BriefingsDirect recently assembled a distinguished panel at The Open Group Boston Conference 2014 to explore the practical implications and limits of the Internet of Things. This so-called Internet of Things means more data, more cloud connectivity and management, and an additional tier of “things” that are going to be part of the mobile edge -- and extending that mobile edge ever deeper into even our own bodies. Yet the Internet of Things is more than the “things” – it me...
General Electric (GE) has been a household name for more than a century, thanks in large part to its role in making households easier to run. Starting with the light bulb invented by its founder, Thomas Edison, GE has been selling devices (“things”) to consumers throughout its 122-year history. Last week, GE announced that it is officially leaving that job to others. While the lighting division will stay, GE will now turn its attention to selling industrial machinery and analytics as a service t...
Come learn about what you need to consider when moving your data to the cloud. In her session at 15th Cloud Expo, Skyla Loomis, a Program Director of Cloudant Development at Cloudant, will discuss the security, performance, and operational implications of keeping your data on premise, moving it to the cloud, or taking a hybrid approach. She will use real customer examples to illustrate the tradeoffs, key decision points, and how to be successful with a cloud or hybrid cloud solution.
For the last hundred years, the desk phone has been a staple of every business. The landline has been a lifeline to customers and colleagues as the primary means of communication – even as email threatened to render the telephone obsolete. For some purposes, like conference calling, there was simply no substitute. That is, until a few years ago. With all due respect and apologies to Mr. Alexander Graham Bell, the desk phone is becoming just one solution, out of many devices, used for the modern...