September Model Year-End Promotions Mean Buying Opportunity for Thrifty Car Shoppers

Savings of up to 20% off MSRP on some outgoing models

SANTA MONICA, Calif.–(BUSINESS WIRE)–As new 2016 model year cars and trucks arrive on dealer lots this month,
substantial savings abound on outgoing 2015 models, according TrueCar,
Inc. (NASDAQ: TRUE),
the negotiation-free car buying and selling mobile marketplace.
September ranks as the year’s second-best month for consumers in the
market for a new vehicle.

A review of 2014 new vehicle transactional data by TrueCar indicates
September generated average savings of 7.6 percent off the
Manufacturer’s Suggested Retail Price (MSRP). Only December was higher,
with average savings per vehicle of 7.7 percent MSRP.

“Consumers should prioritize what is most important to them: owning the
latest model year or saving money,” said Eric Lyman, TrueCar’s vice
president of industry insights. “Those opting to purchase this month are
making a decision that benefits their wallets as September offers
savings of as much as 20 percent off MSRP for some vehicles.”

Hyundai’s Veloster tops TrueCar’s list of best savings on new vehicles,
with discounts of as much as up to 20 percent for 2015 model versions of
the three-door coupe. Jeep’s Cherokee also makes the list, with a
notable 19 percent off MSRP for the outgoing model year.

Among the special promotions coinciding with the model year changeover
period this month, Chevy is touting Truck Month with no-interest
financing on its 2015 Silverado 1500 Crew Cab with an additional $4,000
in customer cash. Ford is also offering 0 percent loans for 72 months on
its 2015 F-150 XLT SuperCab and SuperCrew trucks, with 2.7-liter V6
engines and luxury chrome or sport packages. Kia’s Model Line
Clearance
offers 0 percent financing for up to 66 months on 2015
models.

Published monthly, the “TrueSavings” report analyzes recent transaction
prices and identifies opportunities for consumer savings.

A snapshot of some of the best savings (compared to MSRP) on new
vehicles in September 2015 includes:

Year/Make/

Model/Trim

   

Segment

     

MSRP

     

Market Average

     

$ Savings /

% Savings

     

Est. Monthly Payment*

     

City / Hwy / Comb MPG

2015 Hyundai Veloster, Auto     Sport Car       $20,075       $16,079       $3,996/ 19.9%       $193       27/36/31.3
2015 Jeep Cherokee, Latitude 4×2     Midsize SUV       $26,090       $21,050       $5,040/ 19.3%       $252       22/31/26.2
2015 Ram 1500, SLT, Crew Cab, 4×2, Short Bed     Large Truck       $37,365       $30,731       $6,634/ 17.8%       $368       20/28/23.7
2015 Chevrolet Malibu, LS     Midsize Car       $23,290       $19,760       $3,530/ 15.2%       $237       25/36/30.1
2015 GMC Acadia, AWD SLE1     Large SUV       $36,900       $32,622       $4,278/ 11.6%       $391       16/23/19.2

*Estimated monthly payments are based on a 2.5% APR for 72 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:

Customer Cash Offers:
2015 Chevrolet Equinox: up to $2,500
customer cash, Exp: 9/30/15, East Coast region availability
2015
Hyundai Sonata: up to $1,500 customer cash, Exp: 9/30/15, New England
region availability
2015 Kia Sorento: up to $1,000 customer cash,
Exp: 11/2/15, East region availability
2015 Nissan Rouge: up to
$500 customer cash, Exp: 9/30/15 East Coast region availability
2015
Toyota Prius: up to $3,000 customer cash, Exp: 10/5/15, Southwest region
availability

Finance:
2015 Chrysler 200: 0.0% financing for 72 months,
Exp: 9/30/15
2015 Ford Escape: 0.0% financing for 72 months, Exp:
9/30/15
2015 Mercedes Benz E350 Sport Sedan: 3.0% financing for 36
months, Exp: 9/30/15
2016 Scion iA: 0.9% financing for 48 months,
Exp: 10/5/15
2016 Toyota Corolla: 0.0% financing for 60 months,
Exp: 10/5/15

Lease:
2015 BMW 320i: $279/month for 36 months, $4,204 down,
10,000 miles/year, no security deposit required, Exp: 9/30/15
2015
Honda CR-V CVT LX 2WD: $209/month for 36 months, $1,999 down, 12,000
miles/year, no security deposit is required, Exp: 11/2/15
2015 Jeep
Grand Cherokee Laredo 4×4: $339/month for 39 months, $2,999 down, 10,000
miles/year, no security deposit is required, Exp:9/30/15
2015
Toyota RAV4 LE: $219/month for 36 months, $1,999 down, 12,000
miles/year, no security deposit is required, Exp: 10/5/15
2015
Volkswagen Jetta: $139/month for 36 months with $2,199 down, 12,000
miles/year, no security deposit is required, Exp: 9/30/15

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.

For more information about TrueCar and industry analysis, please visit www.truecar.com
and insights.true.com,
follow @TrueCar
on Twitter or become a fan of TrueCar on Facebook
and Google+.

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 (U.S. toll-free) | Email: pressinquiries@truecar.com

Contacts

TrueCar, Inc.
Carly Schaffner
424-258-8897
CSchaffner@truecar.com
pressinquiries@truecar.com