Wednesday, December 11 2013 8:49 PM EST2013-12-12 01:49:23 GMT
Police and school officials say American University's campus in the nation's capital is on lockdown after police received calls about a man with a gun. That report came in to Washington police aboutMore >>
Police and school officials say American University's campus in the nation's capital is on lockdown after police received calls about a man with a gun. More >>
Wednesday, December 11 2013 8:45 PM EST2013-12-12 01:45:14 GMT
Two young men were injured when they were shot during an attempted robbery Tuesday in Columbus. Police say the robbery occurred around 5 p.m. in the 2300 block of Sims Court. Three males, ages 20, 19More >>
Two young men were injured when they were shot during an attempted robbery Tuesday in Columbus.More >>
Wednesday, December 11 2013 7:14 PM EST2013-12-12 00:14:04 GMT
As bitter cold sets in, many in central Indiana are thinking twice before cranking up the thermostat. "When I hear that furnace kick on and I don't feel cold, I jump up and I cut it down," said RooseveltMore >>
As bitter cold sets in, many in central Indiana are thinking twice before cranking up the thermostat.More >>
Wednesday, December 11 2013 6:49 PM EST2013-12-11 23:49:01 GMT
A six-year-old boy kissed a classmate and got suspended for sexual harassment. Now his mom is fighting to get the incident removed from his record. "It was during class, yeah. We were doing reading group.More >>
A six-year-old boy kissed a classmate and got suspended for sexual harassment. Now his mom is fighting to get the incident removed from his record.More >>
Wednesday, December 11 2013 6:43 PM EST2013-12-11 23:43:05 GMT
Gov. Mike Pence says the federal government has rejected Indiana's request that Howard County be declared a major disaster area because of damage from last month's tornadoes and severe storms. TheMore >>
Gov. Mike Pence says the federal government has rejected Indiana's request that Howard County be declared a major disaster area because of damage from last month's tornadoes and severe storms.More >>
Wednesday, December 11 2013 6:29 PM EST2013-12-11 23:29:33 GMT
The state of Indiana is giving a Carmel business 2-million dollars in tax credits in exchange for creating 100 new jobs next year.Allegion does business in 120 countries -- but keeps its north AmericanMore >>
The state of Indiana is giving a Carmel business $2 million in tax credits in exchange for creating 100 new jobs next year.More >>
Wednesday, December 11 2013 6:28 PM EST2013-12-11 23:28:45 GMT
Chuck Pagano took no solace in what everybody else at the Colts' complex already knew. Sunday's replay reversal, which gave the Bengals a touchdown, was a mistake. On Tuesday night, Dean Blandino, theMore >>
Chuck Pagano took no solace in what everybody else at the Colts' complex already knew.More >>
Wednesday, December 11 2013 6:15 PM EST2013-12-11 23:15:22 GMT
An Indianapolis pastor has been convicted of child molestation. A jury found 71-year-old Otis Jetter guilty on all three counts Tuesday. Jetter had been working as a pastor at the Pilgrim Chapel MissionaryMore >>
A jury found 71-year-old Otis Jetter guilty on all three counts Tuesday.
Wednesday, December 11 2013 6:00 PM EST2013-12-11 23:00:14 GMT
About 50 days and 60 degrees ago, Dr. Lewis Ferebee rode a school bus to his first day of work as the new leader of Indianapolis Public Schools. He had a 100-day plan to begin improving the district.More >>
In an Eyewitness News interview, we ask IPS Superintendent Dr. Lewis Ferebee what he's learned, what he's done, and where he sees the school district headed.More >>
Wednesday, December 11 2013 5:31 PM EST2013-12-11 22:31:19 GMT
A few snow showers are in the forecast for Wednesday evening and a quick blast of even colder air will follow. Overnight temperatures will be in the range of 1 to -4 degrees. Wind chills will be evenMore >>
A few snow showers are in the forecast for Wednesday evening and a quick blast of even colder air will follow.More >>
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Estimated incentive spending drops to below $2,400 per vehicle
SANTA MONICA, Calif., Sept. 25, 2013 /PRNewswire/ -- TrueCar, an authority on new car pricing information, trends and forecasting, today released its September 2013 sales and incentives forecast. The forecast shows the following:
For September 2013, new light vehicle sales in the U.S. (including fleet) is expected to be 1,131,333 units, down 4.4 percent from September 2012 and also down 24.5% percent from August 2013 (on an unadjusted basis – September 2013 had 23 sales days, compared to 25 in September 2012).
The September 2013 forecast translates into a Seasonally Adjusted Annualized Rate ("SAAR") of 15.4 million new car sales, down about four percent from August 2013 and up about four percent over September 2012.
Retail sales are down 2.8 percent compared to September 2012 and down 24.4 percent from August 2013.
Fleet and rental sales are expected to make up 14.1 percent of total industry sales in September 2013.
The industry average incentive spending per unit will be approximately $2,382 in September 2013, which represents an increase of 0.6 percent from September 2012 and is down 4.8 percent from August 2013. Incentives are at their lowest percentage since October 2012.
Used car sales* are estimated to be 3,209,378. The ratio of new to used is estimated to be 1: 3 for September 2013.
"Labor Day sales clearly pulled ahead from September volume and resulted in a lackluster month. The uncertainty in the financial markets also finally caught up with auto sales, causing some hesitation for big ticket item purchases," said Jesse Toprak, senior analyst for TrueCar.com. "Nevertheless, the fundamental drivers for the market demand are strong and we should have no problems reaching 15.7 million unit sales this year."
Forecasts for the top eight manufacturers for September 2013:
% Change vs. August
% Change vs. September
Sept. 2013 Forecast
% Change vs.
% Change vs.
"Overall industry incentive spending has declined for the third consecutive month and hit its lowest levels in nearly a year," said Kristen Andersson, analyst at TrueCar.com. "Through Q3 of 2013 compared to the same period last year, overall incentives have remained relatively flat; Honda and Nissan are the only two automakers with a double digit decrease of almost 31 percent and 15 percent respectively."
TrueCar.com bases its forecast on actual transaction data. The transaction data based forecast is refined by other current and historical factors that impact vehicle sales, including sales, inventory, incentives, fuel prices, and macro economic data (major stock market indexes, consumer confidence, new home starts and CPI). TrueCar.com does not adjust for selling days in year-over-year percentage change calculations.
*Used car sales figures include sales from franchise dealerships, independent dealerships and private party sales
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 similarly-equipped new cars in their geographic area. TrueCar also owns ALG, the benchmark for vehicle value information in the auto industry and has been forecasting residual values for nearly 50 years in the U.S. and Canadian markets.
TrueCar is a data-driven company that sources, compiles and analyzes car-buying information unlike anybody in the industry. Since its founding in 2005, TrueCar dealer partners have sold over 900,000 vehicles across the country. Its national network of more than 6,500 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.
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 without limitation, the 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, 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.
Wednesday, December 11 2013 7:42 PM EST2013-12-12 00:42:56 GMT
In an effort to save time and money, Indianapolis Mayor Greg Ballard wants to bring criminal justice in Marion County under one roof. Sources tell Eyewitness News a plan is in the works that would consolidateMore >>
In an effort to save time and money, Indianapolis Mayor Greg Ballard wants to bring criminal justice in Marion County under one roof.More >>
Wednesday, November 27 2013 6:21 PM EST2013-11-27 23:21:46 GMT
It's a case that has baffled police for decades. On November 17th, 2013, it will be 35 years since four young workers were kidnapped from the Speedway Burger Chef and killed. There were four victimsMore >>
It's one of the state's most heinous crimes. 35 years later, the Burger Chef murder case is still unsolved. Now, Eyewitness News has uncovered a new theory connected to the investigation that focuses on another Burger Chef restaurant.More >>
Tuesday, December 10 2013 10:45 PM EST2013-12-11 03:45:01 GMT
There are major changes ahead for the Indianapolis Motor Speedway. Track officials revealed Tuesday how they will spend millions of dollars - some of it taxpayer money - for improvements at the track. TheMore >>
Track officials revealed Tuesday how they will spend millions of dollars - some of it taxpayer money - for improvements at the track.More >>
Wednesday, December 11 2013 2:50 AM EST2013-12-11 07:50:40 GMT
The Mega Millions jackpot grows to $400 million with no winner nationwide Tuesday night. The jackpot is approaching a new record for Friday night, estimated at $400 million. The winning numbers forMore >>
The Mega Millions jackpot grows to $400 million with no winner nationwide Tuesday night. More >>
Wednesday, December 11 2013 12:00 AM EST2013-12-11 05:00:46 GMT
Metro Police are investigating a home break-in, in which thieves stole Christmas from an east side Indianapolis family.Anita Barnes says faith and family are the heart of the holidays.She decorated herMore >>
Metro police are investigating a home break-in in which thieves stole Christmas from an east Indianapolis family.More >>
Wednesday, December 11 2013 5:49 AM EST2013-12-11 10:49:15 GMT
A Greenwood family escaped from a fire overnight in the 800 block of Ramblin Road. White River Township Fire Department was assisted by Greenwood Fire in fighting the building fire. The family ofMore >>
Greenwood family of four escapes building fire overnight.More >>
Tuesday, December 10 2013 8:23 PM EST2013-12-11 01:23:04 GMT
A woman who worked for more than 12 years at an Indianapolis church is accused of stealing more than $177,000 from there. Marion County Prosecutor Terry Curry says Stephanie Hicks was charged TuesdayMore >>
A woman who worked for more than 12 years at an Indianapolis church is accused of stealing more than $177,000 from there.More >>
Tuesday, December 10 2013 6:37 PM EST2013-12-10 23:37:33 GMT
People living in a far south side Indianapolis apartment complex say enough is enough. Parc Bordeaux Apartments residents are fed up with thieves who have repeatedly targeted their complex. The most recentMore >>
People living in a far south side Indianapolis apartment complex say enough is enough.More >>
Wednesday, December 11 2013 12:28 PM EST2013-12-11 17:28:11 GMT
New jobs are coming to central Indiana as a company brings its headquarters to Carmel. That's the new home for Allegion. The Ireland-based company was spun off from Ingersoll Rand last week. It willMore >>
New jobs are coming to central Indiana as a company brings its headquarters to Carmel. That's the new home for Allegion.More >>