Categoría: Influencers

Intersect Power Secures Over $600 Million of Corporate Capital to Accelerate Growth of Leading Clean Infrastructure Company

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — Intersect Power, LLC, («Intersect Power») one of North America’s largest developers of utility-scale renewable energy, has secured $127 million in equity funding from Climate Adaptive Infrastructure, LLC («CAI») and Trilantic North America to accelerate the company’s transition to a scalable provider of electric power for utilities and large end-users. Intersect Power has also closed on a <span…

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — Intersect Power, LLC, («Intersect Power») one of North America’s largest developers of utility-scale renewable energy, has secured $127 million in equity funding from Climate Adaptive Infrastructure, LLC («CAI») and Trilantic North America to accelerate the company’s transition to a scalable provider of electric power for utilities and large end-users. Intersect Power has also closed on a $482 million debt facility with Generate Capital («Generate») and CarVal Investors («CarVal»).

«The Intersect Power team has developed 3.7 GWDC of solar assets with a portfolio value of more than $8 billion. The investments announced today will give us the ability to more quickly scale our core business of solar and energy storage, while expanding further into emerging classes of clean infrastructure, like green hydrogen. Intersect combines a clear understanding of what it takes to put steel in the ground with a focus on what comes next in the deployment of low-carbon technologies,» said Intersect Power CEO and co-founder Sheldon Kimber. «Having deployed billions of dollars of clean infrastructure, our innovative approach to the convergence of power markets and financial markets served as a stepping stone for Intersect to become a large, scalable IPP. That same approach positions us at the forefront of what’s next in clean infrastructure.»

«We are pleased to be founding investors in Intersect Power, a company defining the future of renewable infrastructure with remarkable connectivity between capital markets, supply chains, greenfield development, and innovative technologies,» said Bill Green, Founder and Managing Partner at Climate Adaptive Infrastructure. «Intersect Power’s deep bench of senior executives are experts at strategically deploying capital across low-carbon infrastructure assets. Additionally, we look forward to Intersect Power’s expansion into green hydrogen, another critical component for global decarbonization.»

«We are thrilled to have invested in Intersect Power, a founder-led, innovative infrastructure company that we believe has become a leader in the renewables space, and we are especially excited to partner with Sheldon, Luke, and the rest of the Intersect Power team to drive the company to the next level,» said Glenn Jacobson, Partner at Trilantic North America. «We remain believers that the pace of the energy transition will continue to accelerate and are excited to help Intersect Power develop utility-scale solutions for the decarbonization of the electric grid.»

«We are excited to partner with Intersect’s industry-leading team. We admire their proven track record for innovation in the utility-scale renewable energy market,» said Jeff Ross, Senior Managing Director and Head of Investment Team at Generate.

«This exciting opportunity reflects our proven ability to structure deals that take advantage of evolving technologies, financial tools and energy markets. We see no limits to how far and fast clean infrastructure can grow, and this funding is further affirmation that we have the capabilities, pipeline, and investors to get there,» concluded Kimber.

Orrick, Herrington & Sutcliffe provided legal counsel to Intersect Power. Latham & Watkins acted as legal counsel for the equity providers and Kirkland & Ellis and Foley & Lardner for debt.

About Intersect Power
Founded in 2016, Intersect Power is a clean infrastructure company bringing efficient, innovative, and scalable low-carbon solutions to its customers in energy and commodity markets. Our expertise includes all phases of development, design, engineering, finance and operations. Intersect Power has a pipeline of 3.2GWDC of late-stage solar and storage projects that will be in operation by 2023 and an emerging pipeline of other clean infrastructure assets. The company has also developed and sold more than 1.7 GWDC of contracted solar projects across California and Texas, which are owned and operated by third party investors. For more information, visit www.intersectpower.com.

About Climate Adaptive Infrastructure
Climate Adaptive Infrastructure, LLC («CAI») is an infrastructure investment firm specializing in low-carbon real assets in the energy, water and transport sectors. The firm seeks investments across core infrastructure assets that improve the sustainability and quality of life for the world’s large and growing population. CAI selects, finances, constructs and manages its investments using climate screens and metrics designed to enhance investment returns and cut carbon emissions.

About Trilantic North America
Trilantic Capital Management L.P. («Trilantic North America») is a private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services, consumer and energy sectors. Trilantic North America has managed six private equity fund families with aggregate capital commitments of $9.7 billion. Trilantic North America has been recognized by Inc. Magazine’s 2019 list of Top 50 Founder-Friendly Private Equity Firms. For more information, visit www.trilanticnorthamerica.com.

About CarVal Investors
CarVal Investors is an established global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, CarVal has invested $124 billion in 5,495 transactions across 82 countries. CarVal has an established history of energy and power investments and is innovative in structuring partnerships in the renewables industry. For more information, visit www.carvalinvestors.com.

About Generate
Generate (Capital, Inc.) is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 35 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the Infrastructure Revolution tailored funding and support needed to get projects built. Our Infrastructure-as-a-Service™ model delivers affordable, reliable and sustainable resources to over 1,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.

 

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SOURCE Intersect Power

Step Into A Vintage Paradise With New Fine Art Photography Series «Gray Malin At The Mauna Kea»

WAIMEA, Hawaii, Jan. 26, 2021 /PRNewswire-PRWeb/ — Fine art photographer Gray Malin has partnered with Mauna Kea Beach Hotel to debut his most recent fine art series – Gray Malin at the Mauna Kea. Inspired by the beautifully unique spirit of the island of Hawai’i, the series celebrates the resort’s dream-worthy setting along the shores of Kauna’oa Bay. A beloved and historic property developed by Laurance…

WAIMEA, Hawaii, Jan. 26, 2021 /PRNewswire-PRWeb/ — Fine art photographer Gray Malin has partnered with Mauna Kea Beach Hotel to debut his most recent fine art series – Gray Malin at the Mauna Kea. Inspired by the beautifully unique spirit of the island of Hawai’i, the series celebrates the resort’s dream-worthy setting along the shores of Kauna’oa Bay. A beloved and historic property developed by Laurance S. Rockefeller in 1965, Mauna Kea Beach Hotel has a timeless legacy that is the epitome of luxury, relaxation, and paradise, all of which Gray pays tribute to in his series. Utilizing vintage props, colorful surfboards and striped beachside umbrellas, Gray brings to life carefully crafted moments throughout the resort’s most iconic and eye-catching locations.

Across 32 breathtaking images, the collection perfectly marries the natural beauty of Hawai’i Island with the understated elegance of the resort itself, invoking both nostalgia for the simpler days of yesteryear along with excitement for future vacations to come. Endless palm trees, vibrant blue ocean waves, sandy white beaches and sunset hues paint a picture of a serene lifestyle and heavenly scenery that can only be experienced in Hawai’i. Notable locations that Gray features in his series include Hau Tree, a favorite beachfront lounge to dine and enjoy the famous Fredrico cocktail; Hole 3, the most celebrated hole at the legendary championship golf course; and the front entrance which offers a warm welcome for newcomers and loyal guests alike.

Due to restrictions at the time of the shoot, Gray had exclusive access to the resort, allowing him to photograph various locations while they were closed to resort guests and to emulate a dreamy and idyllic island lifestyle through the images. Though Gray is well known for capturing organic aerial beach scenes, this was the first production where Gray was able to style a custom Gray Malin beach club, reimagining a vintage beach scene complete with over 30 custom umbrellas that feature the signature Mauna Kea orange.

«Working with the Mauna Kea for this project was a dream,» says Gray Malin. «I have had my mind set on shooting this luxury resort for a while and it is incredible that we were able to make it happen during this unpredictable year. I was lucky enough to shoot the resort while it was closed down, giving me the opportunity to highlight the property’s iconic locations in the most serene fashion. I am very proud of how the historic hotel and the island of Hawai’i are celebrated in this series.»

«We are honored to see the timeless beauty of Mauna Kea Beach Hotel come alive in this new photography series from Gray Malin,» said Craig Anderson, Vice President of Operations for Mauna Kea Resort. «From our sun-soaked beach cove that draws travelers from around the world to our orange beach buggy filled with vintage surfboards, this collection captures the feel-good spirit of Mauna Kea that has kept guests coming back for generations.»

Signed and numbered prints will be available as limited editions on http://www.graymalin.com/gray-malin-at-the-mauna-kea and select prints from the series will be available at the Mauna Kea Beach Hotel gift shop beginning Jan. 26. For more information on Mauna Kea Beach Hotel, please visit http://www.MaunaKeaBeachHotel.com.

ABOUT GRAY MALIN:
Gray Malin is a modern day fine art photographer, New York Times Bestselling Author and CEO of his namesake brand, Gray Malin. With the philosophy to Make Every Day a Getaway®, Gray’s photography has expanded into a line of luxury products for home and travel.

He has shot over 30 series around the world in locations as remote as Antarctica and Bhutan while also receiving commercial recognition for inventive aerial beach, ski, and park scenes of the world’s most iconic destinations. With his keen ability to capture the essence of particular locations, he has had the coveted opportunity to photograph some of the country’s most celebrated properties such as The Beverly Hills Hotel, Rockefeller Center and The Breakers Palm Beach.

Gray Malin has partnered with numerous global brands such as Disney, Google, Neiman Marcus, Bugaboo, Away, Ladurée, Le Meridien and more. These partnerships range from commissioned shoots to product and content collaborations, allowing audiences to interact with his art in new and exciting ways.

For more information on prints, partnerships, and products, visit http://www.GrayMalin.com.

Media Contact – Gray Malin
Gigi Avendaño
press@graymalin.com
(424) 335-0278

ABOUT MAUNA KEA BEACH HOTEL:
Five decades after opening in 1965, the Laurance S. Rockefeller-developed Mauna Kea Beach Hotel continues its timeless legacy on the golden Kohala Coast of Hawai’i Island. Tucked away along an idyllic beach cove with a sparkling white sand beach, the resort celebrates the ocean, land and aloha spirit of Hawaii. Guests can unwind, renew and enjoy Mauna Kea moments across breathtaking indoor and outdoor spaces that carry out the resort’s signature understated elegance, mid-century modern design, and world-class Pacific Rim art collection. Mauna Kea Beach Hotel offers 252 spacious guest rooms and suites with private lanais and scenic ocean or golf course views as well as four restaurants & lounges including the beachfront Hau Tree and stunning open-air Manta restaurant. Resort amenities also include an outdoor swimming pool with luxury cabanas; an intimate Mauna Kea Spa by Mandara; a 2,500 square foot fitness center; the legendary 18-hole Mauna Kea Golf Course which established Hawaii as a golfer’s paradise; the 11-court Seaside Tennis Club; and a daily Mauna Kea Keiki Club for children ages 5-12. Beach services include beach umbrellas and padded chaise lounges while ocean activities include snorkeling, kayaking and stand-up paddle boarding. Art and history enthusiasts can enjoy complimentary art tours each Saturday.

For more information about Mauna Kea Beach Hotel, please visit http://www.MaunaKeaBeachHotel.com, call 808.882.7222 or follow along at @maunakeahotel.

Media Contact – Mauna Kea Beach Hotel
Murphy O’Brien
princeresortshawaii@murphyobrien.com
(310) 453-2539

Media Contact

Alison Burns, Murphy O’Brien, +1 (916) 802-7620, princeresortshawaii@murphyobrien.com

 

SOURCE Gray Malin

Clarity Movement Co. Selected by Greater London Authority to Power New Air Quality Monitoring Network in the Fight Against Toxic Air

BERKELEY, Calif., Jan. 26, 2021 /PRNewswire-PRWeb/ — Clarity Movement Co., a global sensing and data analytics company empowering the world to reduce air pollution, shared today that its <a target="_blank"…

BERKELEY, Calif., Jan. 26, 2021 /PRNewswire-PRWeb/ — Clarity Movement Co., a global sensing and data analytics company empowering the world to reduce air pollution, shared today that its air quality monitoring technology was selected to power the next phase of the Breathe London project. The selection comes through a partnership with Imperial College London, a pioneering university with a research arm specializing in air pollution that is responsible for managing the London Air Quality Network (LAQN), one of the densest and most advanced metropolitan monitoring networks in the world.

Deputy Mayor for Environment and Energy, Shirley Rodrigues said, «This is a major milestone for the Mayor’s world-leading Breathe London sensor network. Giving Londoners the opportunity to see the levels of pollution in their local area will improve awareness and help people reduce their exposure. It will also help City Hall, TfL [Transport for London], and the boroughs better target efforts on improving air quality and contributing to a green recovery from the coronavirus pandemic. We hope the success of this scheme and its innovative use of clean technology will act as a blueprint for cities around the world to battle their own toxic air emergencies.»

Clarity’s technology will be used in the fight against London’s toxic air, giving local communities access to affordable and reliable air quality data at scale. Initially, more than 100 low-cost air quality sensors will be installed at London hospitals, schools, and other sensitive locations to complement London’s existing high-quality reference-grade monitors and to enable real-time measurement of ambient air pollution at the neighborhood level.

«Air pollution is often described as an invisible killer. To optimize solutions it is imperative local communities are empowered with actionable data in real-time,» said Dr. Gary Fuller, air pollution scientist, Imperial College London. «The Breathe London project makes London the first city to holistically integrate low-cost sensors with existing air quality infrastructure. We are excited to be partnering with Clarity who will provide hardware and software to measure local air quality that is significantly lower cost and far easier to deploy than traditional equipment. A key strength of the Breathe London project will be at our new data centre, at White City in west London, where traditional and new lower-cost sensor data will be combined to provide Londoners with some of the highest-resolution air quality data in the world.»

Breathe London is funded by the Mayor of London and supported by Bloomberg Philanthropies. Installation of the new network of Clarity air sensors will be completed in tranches starting in January 2021, with full deployment of the publicly-funded sensors expected by June 2021. The network will continue to expand through community funding initiatives, coordinated by Imperial College London.

«We are proud to partner with Breathe London to offer affordable air monitoring technology to London communities, and we are confident that this project represents a blueprint for governments across the globe who are working to pursue their own sustainability initiatives amidst rising air pollution and ongoing budget challenges,» said Meiling Gao, COO, Clarity Movement Co. «Clarity can be the technology partner to help governments worldwide push forward despite budgetary constraints and deploy modern air quality monitoring networks that serve and empower the local community.»

Air Quality Monitoring 2.0: The Future of Air Quality Monitoring Networks
In the United States, the legacy infrastructure traditionally used to measure and manage air quality is timeworn and costly to maintain. The U.S. Government Accountability Office (GAO), for example, released a report in December 2020 highlighting that US air pollution monitoring networks have fallen into disrepair due to aging equipment and budgetary constraints.

The U.S. isn’t the only country challenged to maintain funding for air quality monitoring infrastructure – government-funded air pollution initiatives are chronically underfunded globally. Grants from multilateral agencies, such as the World Bank and the United Nations Development Programme, remain critical to building air quality monitoring efforts in the many countries where no funding exists. As government agencies across the world face budget cuts due to the economic impacts of COVID-19 in the coming years, air quality leaders will need to find ways to stretch their monitoring budgets.

«Air pollution and climate change conditions are reaching criticality worldwide at the same time that environmental agencies face budget constraints, and traditional air sensing technologies have reached a crossroads,» Gao also said. «Given the current conditions, we believe that the future of air quality monitoring networks, Air Quality Monitoring 2.0, will consist of installing low-cost and highly-scalable sensors to complement existing regulatory monitoring equipment and fill in the spatial and temporal gaps that exist with the traditional networks. These technologically advanced sensors are significantly less expensive than traditional technologies and will be key to making air quality monitoring globally accessible by removing the steep up-front and operational costs that come with traditional monitoring networks.»

Helping governments in more than 85 cities across more than 50 countries adopt Air Quality Monitoring 2.0, Clarity offers a reliable, low-cost air quality management solution that is purpose-built to complement existing regulatory monitoring networks. Solar-powered and weatherproof, the Clarity Node-S weighs just 1.2 kg and measures air pollutants like fine particulate matter and nitrogen dioxide. Clarity’s monitors can be easily deployed in 10 minutes or less and link to the cloud through native cellular connectivity, allowing them to operate seamlessly with minimal maintenance in any environmental condition.

Once installed, customers have direct access to the data collected through API access and the Clarity Dashboard, an intuitive software platform that visualizes and integrates data from existing reference stations and includes advanced features like colocation analysis. The company upholds the highest standards for data and security and ensures that customers retain ownership of all data collected by their Clarity network. Clarity’s sensing-as-a-service model includes a hardware warranty and access to a dedicated customer success team of air quality experts for project and technical support.

To support other cities and government agencies looking to leverage low-cost sensors to expand air quality monitoring coverage in the face of budget cuts, Clarity released a playbook titled «Maximize Your Air Quality Budget in a Post-COVID World: A Guide to Leveraging Low-cost Sensors for Air Quality Monitoring 2.0». To download the playbook, visit Clarity’s website.

About Clarity Movement Co.
Clarity Movement Co. was founded in 2014 to empower the world to reduce air pollution. The Clarity team leverages expertise in air sensing technology, IoT devices, and data analytics to provide the most reliable low-cost hardware and software air quality monitoring solution available on the market. Clarity’s air quality sensing-as-a-service solution revolutionizes the way governments, businesses, and communities understand and respond to air pollution, and currently provides local, accurate, and scalable air quality monitoring to more than 85 cities across 50+ countries. For more information, please visit clarity.io or follow us on Facebook, YouTube, Twitter, and LinkedIn.

About Imperial College of London
Imperial College London is one of the world’s leading universities. The College’s 17,000 students and 8,000 staff are expanding the frontiers of knowledge in science, medicine, engineering and business, and translating their discoveries into benefits for our society. Imperial is the UK’s most international university, according to Times Higher Education, with academic ties to more than 150 countries. Reuters named the College as the UK’s most innovative university because of its exceptional entrepreneurial culture and ties to industry.

The Environmental Research Group, part of Imperial’s School of Public Health, is a leading provider of air quality information and research in the UK, combining air pollution science, toxicology and epidemiology to determine the impacts of air pollution on health and the causal factors.

About Greater London Authority
The Greater London Authority (GLA) is the strategic authority for London and includes the Mayor of London’s office. Under the Greater London Authority Act 1999 the elected Mayor of London has legal responsibility for preparing an Air Quality Strategy for London and leads on the implementation of measures in the city to tackle pollution emissions, reduce exposure, raise awareness and integrate air quality and public health. Further background on what the GLA does can be found on the GLA website here: https://www.london.gov.uk/about-us/how-we-work-london

Media Contact

Christina Dela Cruz, ARPR on behalf of Clarity, 8553008209, christina@arpr.com

 

SOURCE ARPR on behalf of Clarity

Costa Rica’s Top 5 Expat Havens in 2021–InternationalLiving.com

BALTIMORE, Jan. 26, 2021 /PRNewswire-PRWeb/ — Costa Rica tops International Living’s Annual Global Retirement Index this year for good reason. Close to the States, it offers great weather, beautiful beaches, and world-class healthcare. It doesn’t hurt that many retired couples report they live well on $2,000 a month—that includes all their costs.

Established and welcoming expat communities exist all across the country, which makes fitting in relatively easy….

BALTIMORE, Jan. 26, 2021 /PRNewswire-PRWeb/ — Costa Rica tops International Living’s Annual Global Retirement Index this year for good reason. Close to the States, it offers great weather, beautiful beaches, and world-class healthcare. It doesn’t hurt that many retired couples report they live well on $2,000 a month—that includes all their costs.

Established and welcoming expat communities exist all across the country, which makes fitting in relatively easy. While it’s helpful to speak Spanish, expats report that in many spots it’s possible to get by largely in English.

«Costa Rica ticks a lot of boxes for the prospective expat who, worried about retirement in the States, is looking for lower-cost, higher-quality options abroad,» says Jennifer Stevens, Executive Editor, International Living. «In Costa Rica, you’ve got a real variety of lifestyles you can choose from, all on a modest budget. From Pacific coast beach towns to cooler highland escapes—this country has a lot to offer American and Canadian retirees.

«Prospective expats seem to be taking notice. At our International Living website, we’ve seen a 178% increase in traffic to our Costa Rica content over the last month.»

Transplants from North America and farther afield live all over Costa Rica today, but International Living has identified the top five havens there for expats and retirees:

1. Central Valley

It’s hard to beat the Central Valley for beauty, friendliness, and good-value living. Nestled among forests, mountains, and farms are villages where expats have been living side-by-side with Costa Ricans for many decades.

Like the name would suggest, the Central Valley is central. San José, the country’s capital, and its suburbs are within an hour-and-a-half at most from just about anywhere in the Valley. That’s where expats go to find the best shopping in the country, including North American-style malls and warehouse shopping clubs.

«A lot of expats choose to live in one of San Jose’s suburbs, such as Santa Ana or Escazú,» says Kathleen Evans, IL Costa Rica Correspondent. «This way, they can enjoy suburban living close to the city and its amenities, but also enjoy life a little bit outside the city with its spectacular mountain views.»

The Central Valley is dotted with communities where expats have settled. Throughout the Valley there are historic towns that attract retirees seeking to upgrade their lifestyle while the trim their budget. Popular towns are Atenas, Grecia, Cartago, and San Ramon.

«The Central Valley is also where our main international airport is,» says Evans.

«So, if you do like to travel around and explore new things, you are right in the middle of the action. They’re the reasons why about 70% of the population of the country choose to live in the Central Valley.»

2. Arenal

Home to both Costa Rica’s largest volcano, Volcán Arenal, and its largest freshwater lake, this area is perfect for anybody after a laidback retirement in a rural setting, surrounded by natural beauty. The area, nestled between the provinces of Alajuela and Guanacaste, is suited for lovers of the great outdoors or those looking for a small-town vibe.

«You’re not going to find large scale development like you will in some of the other communities around the country,» says Evans. «The expats who live there, enjoy that area because they’re completely one with nature.»

The most popular expat town on the lake is called Nuevo Arenal. This is where people go for the staples of daily life: pharmacy, medical clinic, bank, gas station, grocery stores, restaurants…perfect for everyday shopping and errands. Expats can also be found on the opposite shore, in towns like La Fortuna, which is closer to the volcano.

Thanks to the lake and surrounding mountains, residents enjoy hiking, natural hot springs, mountain biking, rock climbing, whitewater rafting, world-class windsurfing, and paddle boarding.

«The lake area is about an equal distance from both of the main airports,» says Kathleen. «So, it’s nice to have that choice if you want to fly in one and out the other. And as far as the weather, it’s absolutely beautiful. You’ll have no need for heat or air conditioning here.»

3. The Gold Coast

Many expats looking for a warm climate, a healthy lifestyle, and proximity to the beach that won’t cost a fortune have chosen Costa Rica’s Gold Coast in the north.

Home to more than 65 of Costa Rica’s nearly 300 beaches—some remote and some the centerpiece of buzzing beach communities—Guanacaste draws expats and international tourists from all corners of the world. Not only do the beaches check the boxes of beautiful, safe, and clean, but they each offer something of a different character.

Among the most popular beach communities for expats in the area are Playa del Coco, Playa Hermosa, Conchal, Tamarindo, and Nosara. These communities offer conveniences for daily living, business opportunities and infrastructure, and a natural hub for fun things to do. The coast is also dotted with plenty of up-and-coming towns as well.

«Every beach has its own personality,» says Evans. «If you like a touristy town with lots of restaurants and different food choices and things to do, you might want to look at places like Playa del Coco and Tamarindo. But there are also lots of little sweet, quiet communities, and the only way to discover them is to get in your car and drive along the coast.»

The cost of living is variable in Guanacaste depending on your lifestyle. Most expats in the region say they can live well on around $2,000 per month. Many find ways to live for less, and likewise, some spend much more.

4. Central Pacific Coast

The Central Pacific Coast stretches from Puntarenas to Manuel Antonio. The most popular expat places here would be Playa Herradura, where there is a large upscale development called Los Sueños, Playa Jaco, Esterillos, and down the coast to Quepos and Manuel Antonio.

«The Central Pacific coast is the most established in the country,» says Evans.

«These are the beaches that are closest to the capital in San Jose—within an hour or two—which means easy access to healthcare, shopping, and an international airport.»

The Central Coast is a little more topical and more lush than dryer Guanacaste to the north. On this Central Coast, there’s a bit more of a rainy season, but the tradeoff is that everything is greener.

Manuel Antonio is the site of the country’s most popular national park. At 4,000 acres, it’s a relatively small refuge and one of the smallest national parks. But the rainforest is home to capuchin monkeys, three-toed sloths, coatis, and much more. Within the park boundaries, sit some of Costa Rica’s most beautiful beaches. There are four protected coves where white sand meets clear blue water, with jungle-clad hills rising dramatically from the shoreline.

«The Central Pacific Coast is also home to the country’s largest LGBTQ+ community. So, if you’re looking for an alternative lifestyle, it is very gay-friendly there,» says Evans.

5. The Southern Zone

About three to four hours from San José and the Central Valley, the Southern Zone offers a totally different landscape, lifestyle, and climate. It’s an unspoiled seaside wilderness with a laidback beach lifestyle and a warm, coastal climate.

The Southern Zone stretches all the way to Panama, but most expats are concentrated in and around three main towns—Playa Dominical, Playa Uvita, and Ojochal.

Dominical, a small surf village, is the gateway to the region. Uvita is the commercial hub, with banks, hardware stores, and pharmacies. Ojochal is the jungle village famed for its gourmet restaurants, which are run by an international cast of expat foodies. Expats here relish the mix of natural beauty and off-the-beaten-path life, yet with modern conveniences at hand.

Completion of the coastal highway in 2010 significantly cut drive time to the Southern Zone and opened up this area to expats, but development is small-scale, and the region is still unspoiled.

Evans says, «the real estate there tends to be a little bit less expensive than some of the other larger beach communities to the north because it is a little bit less developed.»

The full report on Costa Rica’s top five expat havens—including a video from our IL Costa Rica Correspondent and a closer look at the Caribbean side of Costa Rica—can be found here: Best Places to Live in Costa Rica: Five Top Expat Havens.

International Living’s complete 2021 Annual Global Retirement Index, including more information on Costa Rica and the other nine countries that made it in to the top 10—as well as the individual rankings in all 10 categories for all 25 countries included—can be found at: The World’s Best Places to Retire in 2021.

Members of the media have permission to republish the article linked above once credit is given to Internationalliving.com.

Further information, as well as interviews with expert authors for radio, TV or print, is available on request. Photos are also available.

For information about InternationalLiving.com content republishing, source material or to book an interview with one of our experts, contact Editorial Director for Web Content, Social Media, and PR, Donal Lucey, dlucey@internationalliving.com.

Instagram: https://www.instagram.com/internationalliving/
Twitter: @inliving
Facebook: https://www.facebook.com/International.Living/

About International Living

Since 1979, InternationalLiving.com has been the leading authority for anyone looking for global retirement or relocation opportunities. Through its monthly magazine and related e-letters, extensive website, podcasts, online bookstore, and events held around the world, InternationalLiving.com provides information and services to help its readers live better, travel farther, have more fun, save more money, and find better business opportunities when they expand their world beyond their own shores. InternationalLiving.com has contributors traveling the globe, investigating the best opportunities for travel, retirement, real estate, and investment.

Media Contact

Donal Lucey, www.internationalliving.com, +001 667 312 3532, DLucey@internationalliving.com

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SOURCE InternationalLiving.com

Sigo Partners with Mexico-based Saive to Launch First Spanish-Language Safe Driving App in the U.S.

HARRISON, N.J., Jan. 26, 2021 /PRNewswire-PRWeb/ — Sigo, an inclusive auto insurance provider focused on providing affordable access to underserved populations, has partnered with Mexico-based <a target="_blank"…

HARRISON, N.J., Jan. 26, 2021 /PRNewswire-PRWeb/ — Sigo, an inclusive auto insurance provider focused on providing affordable access to underserved populations, has partnered with Mexico-based Saive to launch the Calles Seguras Initiative through the Sigo powered by Saive App, a free safe driving app now available to all drivers. Use of the mobile telematics solution, the first in the U.S. that’s natively in Spanish, allows users to review their driving behavior, become a safer driver, and earn rewards while doing so.

According to Pew Research, Hispanics have accounted for more than half of the U.S. population growth since 2010. To better serve this segment of the population, and the growing number of Hispanic drivers, Sigo created a bi-lingual, tech-enabled solution to help customers with limited insurance histories get basic liability policies without having to visit a brick-and-mortar agency or pay extra fees. With the introduction of the Calles Seguras Initiative, the Hispanic population can now also continue to improve their driving skills, whether they are a Sigo customer or not.

«In order to address the underlying discrimination within auto insurance pricing, we need to overhaul the way rates are calculated. Telematics already has and will continue to be a critical piece of the puzzle in building a fairer pricing model,» said Nestor Hugo Solari, Co-Founder and CEO of Sigo. «Our partnership with Saive to bring a Spanish-language safe driving app to the U.S. will not only make our roads safer but will also soon help customers save money on their insurance, regardless of factors like zip code, education or credit score.»

Saive has already been helping drivers in Mexico with their Driver Score algorithm and Driver Assistant, technology that has been implemented into this new app. Once enabled in one’s vehicle, the app tracks factors such as acceleration, hard braking, speed, sharp turning, distance driven, and late-night driving. The app will also capture miles driven without texting and minutes without looking at one’s phone. «The data collected provides significant value not just for insurers, but for drivers to improve their habits to make our roads safer,» said Salvador Rochin, Co-Founder and Chief Product Officer of SAIVE

Upon completing a trip, the Driver Assistant will alert users to any distracted driving habits as well as share tips for safer driving. After at least 100 miles have been driven, drivers who follow the speed limit, don’t text and drive, and avoid sharp braking and turning, among other safe habits, can begin earning rewards like Amazon gift cards.

«More than 38,000 people in the U.S. lose their lives each year in car crashes. Saive’s goal has always been to reduce the number of road accidents and protect all drivers, so we’re excited to continue furthering our impact in the U.S. with the help of Sigo,» said Moisés Maislin, Co-Founder and CEO of Saive.

Currently, the Sigo powered by Saive app is available to all drivers and can be downloaded on the Apple App Store and Google Play Store free of charge. Sigo customers in California and Texas who use the usage-based mileage app will have access to insurance cost-saving in 2021. Customers will receive discounts first for opting-in to the program as well as added discounts based on their safe driving habits.

For more information about the Calles Seguras Initiative and the Sigo powered by Saive app, visit https://sigoinsurance.com/saive.

About Sigo
Sigo is an inclusive auto insurance provider focused on the $20 billion emerging non-standard auto insurance market. Sigo provides affordable access via its direct-to-consumer platform that is tech-enabled, bilingual, and mobile-first. By helping customers with limited insurance histories get basic auto insurance, Sigo is better serving the segment of «non-standard» drivers by providing transparent and reliable coverage. Sigo is currently available in California and Texas and was co-founded in 2019 by Néstor Hugo Solari and Júlio Erdos. For more information, visit https://sigoinsurance.com/.

About Saive
Saive utilizes smartphone technology that process driving behavior data to insurers, OEMs and more, to design easy and affordable mobile usage-based insurance products (PAYD, PHYD and Hybrid models) for the Hispanic markets in the Americas Region. Saive have been accelerated by Google Advantage Program (2018) and Puente Labs in Silicon Valley (2019). Its Vision for 2025 is to predict car accidents in real time to save lives by using the most adoptable technology in the world: smartphones. Being the first telematic company offering «cash-back» models, SAIVE has been strengthening its presence in the Latin American market since the pandemic started in 2020. For more information, visit https://saive.app/.

Media Contact

Nestor Solari, Sigo, +1 (877)476-7446 Ext: 1, nestor@sigoseguros.com

Facebook

 

SOURCE Sigo

Omni Oklahoma City Hotel Proudly Opens Its Doors To The Oklahoma City Community

OKLAHOMA CITY, Jan. 26, 2021 /PRNewswire/ — Today, Omni Hotels & Resorts celebrates the grand opening of the highly anticipated <a target="_blank"…

OKLAHOMA CITY, Jan. 26, 2021 /PRNewswire/ — Today, Omni Hotels & Resorts celebrates the grand opening of the highly anticipated Omni Oklahoma City Hotel, a 605-guest room convention center hotel in the heart of Oklahoma City.

Images and videos of the hotel and ceremonious ribbon cutting can be found HERE.

Executives from Omni held a ribbon cutting alongside Oklahoma City Convention and Visitors Bureau Interim Director Mike Burns, The Honorable Oklahoma City Mayor David Holt, The Honorable Lt. Gov. Matt Pinnell, The Alliance for Economic Development of Oklahoma City President and CEO Cathy O’Connor and Greater Oklahoma City Chamber President and CEO Roy Williams. The 17-story hotel located at 100 West Oklahoma City Blvd. will serve the city’s revitalized downtown area including the convention center, Scissortail Park and Chesapeake Energy Arena, home of the NBA’s Oklahoma City Thunder.

«Those who walk through our doors, whether you’re traveling to Oklahoma City or you are a local enjoying a staycation or a day downtown, will feel an immediate sense of the deep authenticity and rich culture that this city has to offer,» Omni Oklahoma City General Manager Steve Keenan said. «Omni will offer a new and elegant way to experience an Oklahoma City adventure as we continuously aim to go the extra mile with every interaction and every gesture.»

Omni Oklahoma City Hotel marks the brand’s expansion into Oklahoma. The property consists of 78,000 square feet of flexible meeting, event and pre-function space and sits caddy-corner to a streetcar stop, placing the hotel right within the bustling community of downtown.

«Omni Hotels & Resorts is laser-focused on its development strategy and, despite the industry impacts of COVID-19, our expansion across the Red River reinforces our commitment to that strategy,» said Peter Strebel, president of Omni Hotels & Resorts. «We look forward to extending our genuine hospitality into this tenacious city and becoming a new addition to the downtown skyline that Oklahomans can be proud of. Each of our hotels are unique to the community, and Omni Oklahoma City Hotel is no different with a top-to-bottom design that authentically conveys the welcoming spirit of the city.»

The hotel’s design features elements that draw inspiration from the surrounding pastoral landscape of the Oklahoman terrain including layers of the earth and sky. Paying homage to the state and weaving in rustic, earthy tones that represent the prairie land and sunset, the property’s common areas, guest rooms, ballrooms and spa also embrace textured walls and components of wood, metal and chevron patterns that pay homage to the local industry; Oklahoma’s state bird, the Scissor-tailed flycatcher; and the economy of the city and its surroundings.

The hotel features 605 guest rooms, including 29 suites, with well-appointed furnishings, regional influences and dramatic views of Scissortail Park and the downtown skyline. Additionally, the hotel’s top 17th floor was designed to cater specifically to professional basketball players featuring California King beds, larger door frames and taller ceilings and shower heads.

Hotel amenities are available to locals, travelers and overnight guests. Hotel highlights include:

Food & Beverage: Omni Oklahoma City Hotel provides a variety of food and beverage outlets to anyone who walks through its doors. A perfect, culinary-forward experience for any occasion, the seven restaurant and bar outlets include Basin Bar, OKC Tap House, Bob’s Steak & Chop House and Park Grounds — which open with the hotel on Jan. 26 — in addition to Seltzer’s, Catbird Seat and Double Double Burger Bar, which will open at a later date.

Wellness: The full-service Mokara Spa, state-of-the-art fitness center and rooftop pool deck terrace will offer a premier and luxurious experience with personalized, exceptional service to all. Mokara Spa provides a tranquil relaxation lounge and features head-to-toe treatments, a revitalizing sauna and pampering nail services. Its design pulls inspiration from the state’s important commodity – cotton. The 24-hour fitness center is available to all guests and, located on the third floor, while the pool deck overlooks Scissortail Park providing beautiful, scenic views.

Meetings: Situated between the new convention center and Chesapeake Energy Arena, Omni Oklahoma City Hotel will be a nationwide destination for meetings and events. All 78,000 square feet of meeting space will be located on the second floor, with the exception of an outdoor event lawn on the third floor and a boardroom located on the 17th floor which can be used as a convenient and private meeting space for visiting NBA teams.

In the spirit of highlighting Oklahoma’s healthcare workers, Omni Oklahoma City Hotel is honored to recognize Charles Maines RN from INTEGRIS Southwest Hospital (INTEGRIS) as its first guest. Maines contracted COVID-19 earlier in 2020, successfully recovered and returned to work to continue treating patients battling COVID-19. As an inspiring leader to his team at INTEGRIS, Maines will also be enrolled as a lifetime member to Omni’s Select Guest ® Loyalty Program.

To add to the celebration, the office of Oklahoma City Mayor Holt proclaimed Tuesday, Jan. 26, 2021, as «Omni Oklahoma City Hotel Day.» The proclamation was read by Mayor Holt at the privately-held ribbon cutting event.

«The opening of the Omni in Oklahoma City is a continuation of an exciting chapter in downtown Oklahoma City’s ongoing transformation,» Mayor Holt said. «In partnership with the MAPS 3 convention center, Omni helps further propel our city to bring in new visitors, tax dollars and more.»

Omni Oklahoma City Hotel opens following Omni Hotels & Resorts’ Safe & Clean program. The initiative includes extensive cleaning guidelines, processes and procedures to ensure the health, safety and comfort of guests and associates. It is informed by the Centers for Disease Control and Prevention (CDC) guidelines and also meets the «Safe Stay» initiative set forth by the American Hotel & Lodging Association (AHLA).

The hotel is conveniently located in the heart of Oklahoma City with easy access to I-40 and the Will Rogers Airport. To book a stay, spa treatment, group meeting or event, visit omnihotels.com/hotels/oklahoma-city.

About Omni Hotels & Resorts
Omni Hotels & Resorts creates genuine, authentic guest experiences at 60 distinct luxury hotels and resorts in leading business and leisure destinations across North America. With more than 25 iconic golf courses and 16 award-winning spas featured in dynamic locales nationwide, every Omni proudly opens its doors to share the true spirit of its destination. Reflected through local color, personalized service, unique wellness options, signature restaurants and creative culinary offerings, Omni leaves a lasting impression with every guest and a heightened level of recognition and rewards delivered through its Select Guest® loyalty program. As a founding member of the Global Hotel Alliance, Select Guest is further expanded through the DISCOVERY loyalty program offering members additional global benefits. Omni is committed to reducing hunger and is on a mission through its Say Goodnight to Hunger initiative to provide millions of meals each year for food banks to feed children, families and seniors in communities in which it operates. Through its partnership with Shared Hope International, Omni is dedicated to the education and training of its associates to help combat human trafficking.

Omni Hotels & Resorts is the official hotel of the PGA TOUR® and PGA TOUR Champions. For information or to book accommodations, visit omnihotels.com or call 1-800-The-Omni.

Media Contact

Omni Contact:

Taylor Ketchum

Melissa Becker

(405) 834-2537

(972) 871-5556

Taylor@jones.pr

melissa.becker@omnihotels.com  

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SOURCE Omni Hotels & Resorts

TrueCar Forecasts New and Used Retail Sales Up Slightly Year-Over-Year for January 2021, While Fleet Recovery Drags

SANTA MONICA, Calif., Jan. 26, 2021 /PRNewswire/ — TrueCar, Inc. projects total new vehicle sales will reach 1,048,975 units in January 2021, down 4.4% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.9…

SANTA MONICA, Calif., Jan. 26, 2021 /PRNewswire/ — TrueCar, Inc. projects total new vehicle sales will reach 1,048,975 units in January 2021, down 4.4% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.9 million units. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 880,552 units, an increase of 0.4% from a year ago when adjusted for the same number of selling days. Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020. 

«Entering 2021 with retail sales in line with last year is a big win for the automotive industry,» said Nick Woolard, Lead Industry Analyst at TrueCar. «However, while retail sales have rebounded, rental fleets remained depressed and continue to interrupt fleet sales. . As a result, fleet sales are struggling to come back to pre-pandemic levels and are driving total unit sales down.»

«The automotive industry continues to reap the benefits of continued strength in retail demand with lower incentive spend. A handful of brands such as Ford, Genesis, GMC, Ram and Toyota, appear to be in the coveted quadrant of both retail growth as well as incentive decline. This is mostly driven by new product and being in the right segments or a combination of the two,» added Woolard.

Average transaction prices (ATP) are projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020. TrueCar projects that U.S. revenue from new vehicle sales will reach approximately $39 billion for January 2021, down 4.4% (based on a non-adjusted daily selling rate) from a year ago and down 38.2% from last month.

«Average transaction prices have finally come down from the record-setting highs we saw last month, but are still higher than this time last year.  Of the bigger manufacturers, only Kia has an average transaction price below $30,000. We expect this trend to continue as consumers desire pricier trucks and SUVs,» said Alain Nana-Sinkam, Vice President of Industry Insights at TrueCar. «As new vehicle prices rise, we may see more price-conscious shoppers gravitate back towards smaller segments or the used car market due to growing concerns around affordability.»

Additional Insights (forecast by TrueCar):

  • Total retail sales for January 2021 are expected to be up 0.4% from a year ago and down 28.6% from December 2020 when adjusted for the same number of selling days.
  • Fleet sales for January 2021 are expected to be down 23.7% from a year ago and up 8% from December 2020 when adjusted for the same number of selling days.
  • Average transaction price is projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020.
  • Total SAAR is expected to decrease 5.5% from a year ago from 16.8 million units to 15.9 million units.
  • Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020.
  • The average interest rate on new vehicles is 5.6% and the average interest rate on used vehicles is 8.1%.

January 2021 forecasts for the 13 largest manufacturers by volume. For additional data, visit the TrueCar Newsroom.

Total Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

18,358

21,156

45,594

-13.2%

-9.6%

-59.7%

-53.0%

Daimler

15,405

24,111

35,436

-36.1%

-33.4%

-56.5%

-49.3%

Ford

143,106

156,041

208,007

-8.3%

-4.5%

-31.2%

-19.7%

GM

199,403

208,032

295,536

-4.1%

-0.2%

-32.5%

-21.3%

Honda

85,958

101,625

136,467

-15.4%

-11.9%

-37.0%

-26.5%

Hyundai

40,423

44,143

69,388

-8.4%

-4.6%

-41.7%

-32.0%

Kia

36,151

40,355

53,764

-10.4%

-6.7%

-32.8%

-21.6%

Nissan

67,641

80,698

98,638

-16.2%

-12.7%

-31.4%

-20.0%

Stellantis

124,961

135,239

202,371

-7.6%

-3.7%

-38.3%

-28.0%

Subaru

40,624

46,285

63,558

-12.2%

-8.6%

-36.1%

-25.4%

Tesla

26,156

22,350

26,950

17.0%

21.9%

-2.9%

13.2%

Toyota

169,836

166,973

251,256

1.7%

6.0%

-32.4%

-21.1%

Volkswagen Group

39,705

45,377

70,175

-12.5%

-8.9%

-43.4%

-34.0%

Industry

1,048,975

1,143,027

1,619,907

-8.2%

-4.4%

-35.2%

-24.5%

Retail Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

17,885

19,578

44,801

-8.6%

-4.8%

-60.1%

-53.4%

Daimler

15,086

22,516

34,711

-33.0%

-30.2%

-56.5%

-49.3%

Ford

111,163

106,861

169,545

4.0%

8.4%

-34.4%

-23.5%

GM

150,681

147,866

256,921

1.9%

6.1%

-41.4%

-31.6%

Honda

85,485

100,679

135,896

-15.1%

-11.6%

-37.1%

-26.6%

Hyundai

35,967

36,720

60,849

-2.0%

2.0%

-40.9%

-31.0%

Kia

32,392

33,393

51,764

-3.0%

1.0%

-37.4%

-27.0%

Nissan

52,674

57,436

81,068

-8.3%

-4.5%

-35.0%

-24.2%

Stellantis

98,062

100,485

167,109

-2.4%

1.7%

-41.3%

-31.5%

Subaru

38,383

43,618

61,188

-12.0%

-8.3%

-37.3%

-26.8%

Tesla

26,144

22,350

26,941

17.0%

21.8%

-3.0%

13.2%

Toyota

143,997

140,984

222,710

2.1%

6.4%

-35.3%

-24.6%

Volkswagen Group

38,243

40,303

69,128

-5.1%

-1.2%

-44.7%

-35.5%

Industry

880,552

913,238

1,437,992

-3.6%

0.4%

-38.8%

-28.6%

Fleet Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

472

1,578

793

-70.1%

-68.8%

-40.5%

-30.5%

Daimler

319

1,595

725

-80.0%

-79.2%

-56.0%

-48.7%

Ford

31,943

49,180

38,462

-35.0%

-32.3%

-17.0%

-3.1%

GM

48,722

60,166

38,615

-19.0%

-15.6%

26.2%

47.2%

Honda

473

946

571

-50.0%

-47.9%

-17.2%

-3.3%

Hyundai

4,456

7,423

8,539

-40.0%

-37.5%

-47.8%

-39.1%

Kia

3,759

6,962

2,000

-46.0%

-43.8%

87.9%

119.3%

Nissan

14,966

23,262

17,570

-35.7%

-33.0%

-14.8%

-0.6%

Stellantis

26,900

34,754

35,262

-22.6%

-19.4%

-23.7%

-11.0%

Subaru

2,241

2,667

2,370

-16.0%

-12.5%

-5.4%

10.3%

Tesla

12

–

9

–

–

30.6%

52.4%

Toyota

25,839

25,989

28,546

-0.6%

3.6%

-9.5%

5.6%

Volkswagen Group

1,462

5,074

1,047

-71.2%

-70.0%

39.7%

63.0%

Industry

168,423

229,789

181,915

-26.7%

-23.7%

-7.4%

8.0%

Fleet Penetration

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

MoM % Change

BMW

2.6%

7.5%

1.7%

-65.5%

47.9%

Daimler

2.1%

6.6%

2.0%

-68.7%

1.2%

Ford

22.3%

31.5%

18.5%

-29.2%

20.7%

GM

24.4%

28.9%

13.1%

-15.5%

87.0%

Honda

0.6%

0.9%

0.4%

-40.9%

31.5%

Hyundai

11.0%

16.8%

12.3%

-34.4%

-10.4%

Kia

10.4%

17.3%

3.7%

-39.7%

179.5%

Nissan

22.1%

28.8%

17.8%

-23.2%

24.2%

Stellantis

21.5%

25.7%

17.4%

-16.2%

23.5%

Subaru

5.5%

5.8%

3.7%

-4.3%

47.9%

Tesla

0.0%

0.0%

0.0%

34.6%

Toyota

15.2%

15.6%

11.4%

-2.3%

33.9%

Volkswagen Group

3.7%

11.2%

1.5%

-67.1%

146.9%

Industry

16.1%

20.1%

11.2%

-20.1%

43.0%

Total Market Share

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

BMW

1.8%

1.9%

2.8%

Daimler

1.5%

2.1%

2.2%

Ford

13.6%

13.7%

12.8%

GM

19.0%

18.2%

18.2%

Honda

8.2%

8.9%

8.4%

Hyundai

3.9%

3.9%

4.3%

Kia

3.4%

3.5%

3.3%

Nissan

6.4%

7.1%

6.1%

Stellantis

11.9%

11.8%

12.5%

Subaru

3.9%

4.0%

3.9%

Tesla

2.5%

2.0%

1.7%

Toyota

16.2%

14.6%

15.5%

Volkswagen Group

3.8%

4.0%

4.3%

Retail Market Share

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

BMW

2.0%

2.1%

3.1%

Daimler

1.7%

2.5%

2.4%

Ford

12.6%

11.7%

11.8%

GM

17.1%

16.2%

17.9%

Honda

9.7%

11.0%

9.5%

Hyundai

4.1%

4.0%

4.2%

Kia

3.7%

3.7%

3.6%

Nissan

6.0%

6.3%

5.6%

Stellantis

11.1%

11.0%

11.6%

Subaru

4.4%

4.8%

4.3%

Tesla

3.0%

2.4%

1.9%

Toyota

16.4%

15.4%

15.5%

Volkswagen Group

4.3%

4.4%

4.8%

Average Transaction Price (ATP)

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

$58,473

$57,090

$59,710

2.4%

-2.1%

Daimler

$61,867

$60,853

$61,087

1.7%

1.3%

Ford

$43,580

$42,543

$44,354

2.4%

-1.7%

GM

$41,852

$39,522

$43,735

5.9%

-4.3%

Honda

$30,740

$29,220

$30,959

5.2%

-0.7%

Hyundai

$31,273

$28,324

$30,477

10.4%

2.6%

Kia

$28,204

$25,647

$28,137

10.0%

0.2%

Nissan

$30,068

$29,351

$29,965

2.4%

0.3%

Stellantis

$42,886

$40,590

$43,259

5.7%

-0.9%

Subaru

$30,564

$30,032

$30,789

1.8%

-0.7%

Toyota

$34,995

$33,379

$35,321

4.8%

-0.9%

Volkswagen Group

$43,040

$40,787

$42,920

5.5%

0.3%

Industry

$37,330

$35,821

$39,089

4.2%

-4.5%

Incentive Spending

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

$4,687

$5,812

$5,233

-19.4%

-10.4%

Daimler

$4,187

$6,246

$4,438

-33.0%

-5.7%

Ford

$3,925

$4,926

$4,464

-20.3%

-12.1%

GM

$5,537

$5,673

$4,971

-2.4%

11.4%

Honda

$2,862

$2,520

$2,455

13.6%

16.6%

Hyundai

$2,281

$3,092

$2,536

-26.2%

-10.0%

Kia

$2,605

$3,686

$2,999

-29.3%

-13.1%

Nissan

$4,062

$4,842

$4,586

-16.1%

-11.4%

Stellantis

$5,284

$5,027

$4,681

5.1%

12.9%

Subaru

$1,512

$1,244

$1,505

21.5%

0.5%

Toyota

$2,466

$2,679

$2,755

-8.0%

-10.5%

Volkswagen Group

$3,754

$4,407

$4,256

-14.8%

-11.8%

Industry

$3,839

$4,151

$3,869

-7.5%

-0.8%

Incentives as a Percentage of Average Transaction Price (ATP)

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

8.0%

10.2%

8.8%

-21.3%

-8.5%

Daimler

6.8%

10.3%

7.3%

-34.1%

-6.8%

Ford

9.0%

11.6%

10.1%

-22.2%

-10.5%

GM

13.2%

14.4%

11.4%

-7.8%

16.4%

Honda

9.3%

8.6%

7.9%

8.0%

17.4%

Hyundai

7.3%

10.9%

8.3%

-33.2%

-12.3%

Kia

9.2%

14.4%

10.7%

-35.7%

-13.3%

Nissan

13.5%

16.5%

15.3%

-18.1%

-11.7%

Stellantis

12.3%

12.4%

10.8%

-0.5%

13.9%

Subaru

4.9%

4.1%

4.9%

19.4%

1.2%

Toyota

7.0%

8.0%

7.8%

-12.2%

-9.7%

Volkswagen Group

8.7%

10.8%

9.9%

-19.3%

-12.0%

Industry

10.3%

11.6%

9.9%

-11.2%

3.9%

(Note: This forecast is based solely on TrueCar, Inc.’s analysis of industry sales trends and conditions and is not a projection of TrueCar, Inc.’s operations.)

About TrueCar
TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry’s most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings, and market context on new and used cars – all with a clear view of what’s a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency, and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam’s Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with offices in Austin, Texas, and Boston, Massachusetts.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com 

TrueCar PR Contacts:
Shadee Malekafzali
shadee@truecar.com
424.258.8694

Tanya Kohan
tkohan@truecar.com
714.425.6319

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SOURCE Truecar, Inc.

New Study: Propane Outpaces Electric For Carbon Footprint In Trucks

WASHINGTON, Jan. 26, 2021 /PRNewswire/ — A new comparative analysis out today analyzes the carbon footprint of medium-duty and heavy-duty (MD-HD) engine vehicles powered by propane and electricity. The analysis,

WASHINGTON, Jan. 26, 2021 /PRNewswire/ — A new comparative analysis out today analyzes the carbon footprint of medium-duty and heavy-duty (MD-HD) engine vehicles powered by propane and electricity. The analysis, Decarbonization of MD-HD Vehicles with Propane, found that propane-fueled MD-HD internal combustion engine vehicles provide a lower carbon footprint solution in 38 U.S. states and Washington, D.C., when compared to MD-HD electric vehicles (EVs) charged using the electrical grid.

Fifteen states and Washington, D.C., have proposed full electrification of medium- and heavy-duty trucks by 2050 with a target of 30 percent «zero-emission» vehicle sales by 2030. The rationale behind the proposals is based on the dubious assumption that the electrical grid will be fully decarbonized by that time. Likewise, policy based on exhaust carbon dioxide (CO2eq) emissions alone as opposed to life-cycle analysis results misses the full picture. As a result, policy proposals today conflate the promise of electrification with actual decarbonization.

The comparative analysis also reveals that MD-HD vehicles powered by renewable propane provide a lower carbon footprint solution in every U.S. state except Vermont where electricity is generated by, and imported from, Canadian hydroelectric power plants. Renewable propane is derived from sources such as beef fats, vegetable oils, grease residue, and other biomass feedstocks.

Moreover, the analysis shows that decarbonization can be accelerated by adopting propane as the fuel of choice for MD-HD vehicles. The conclusion is supported by a life-cycle analysis of equivalent CO2eq emissions between electric and propane-fueled vehicles across the U.S. using CARB carbon intensity values along with a powertrain efficiency analysis.

«It’s often assumed that full electrification of all sectors will lead to their full decarbonization, but little thought on how electricity is currently generated, stored, transmitted, and consumed has been considered,» said the author Dr. Gokul Vishwanathan, director of research & sustainability at the Propane Education & Research Council. «While a fully renewable-based electric grid is not feasible anytime soon, propane is an effective solution today for accelerating decarbonization of transportation and other energy sectors.»

The comparative analysis presented the following decarbonization recommendations:

  • All 50 states should aggressively invest resources in incentivizing renewable fuels.
  • Federal government agencies, particularly the Department of Energy, should aggressively invest in various parallel pathways for renewable and synthetic fuel production to ensure supply.
  • The U.S. should aggressively pursue immediately available decarbonization efforts using alternative fuels such as propane and dimethyl ether (DME) rather than wait on grid infrastructure improvements that are decades away from realization.

About PERC: The Propane Education & Research Council is a nonprofit that provides leading propane safety and training programs and invests in research and development of new propane-powered technologies. PERC is operated and funded by the propane industry. For more information, visit Propane.com.

Contact:          

David Gibbs representing PERC

dgibbs@hahnpublic.com

 

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SOURCE Propane Education & Research Council

PRO Unlimited and Eightfold AI Announce Exclusive Partnership to Bring AI and Diversity & Inclusion to Modern Workforce Management

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — PRO Unlimited, the pioneer and leading modern workforce management solution provider in the industry, announced today an exclusive partnership with…

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — PRO Unlimited, the pioneer and leading modern workforce management solution provider in the industry, announced today an exclusive partnership with Eightfold AI, a talent intelligence pioneer and leader. Under the terms of the partnership, PRO will embed Eightfold’s AI technology into its contingent workforce management platform, including SaaS solutions, such as Wand Vendor Management System (VMS), Direct Sourcing and Diversity and Inclusion (D&I) offerings, to optimize its customers’ contingent hiring practices. Eightfold’s AI-driven talent intelligence, coupled with PRO’s 30 years of data and technology, will also increase the power of PRO’s contingent workforce management platform. It will enable the Global 2000 to more effectively and intelligently identify, engage and secure the best contingent talent in the world, while attaining diversity goals.  

As the economy rebounds, organizations will be hiring contingent workers ahead of the recovery while prioritizing areas within hiring, such as retention and D&I initiatives. However, many organizations lack the ability to harness machine-based learning, data and intelligence to not only source the best candidates, but also to drive their businesses forward. Eightfold AI’s talent intelligence and PRO’s contingent workforce management platform, including the world’s largest global market rate data repository, aim to solve this problem, which is one of the biggest pain points for companies today. 

PRO will embed Eightfold’s AI technology into its software to provide customers with features that enable more informed hiring, diversity and redeployment of workers anywhere in the world. This real-time matching and ranking of candidates drives faster, smarter hiring decisions at scale. This helps organizations secure the best talent, while reducing costs and increasing D&I. Managers eager to reduce manual tasks and increase efficiency will be able to more quickly and effectively identify candidates that align with a job’s requirements. Leading-edge job calibration capabilities and intuitive UI design offer these managers an easy, at-a-glance way to compare candidates side-by-side based on unbiased empirical data.

Using Eightfold AI’s technology, PRO will also be able to offer direct sourcing to its customers. This dramatically improves the experience that contingent specialty-skilled, white-collar workers go through during the hiring process, and will ultimately improve the Global 2000’s contingent worker brands. 

«Today, the modern workforce is massive, with roughly 43% of all skilled white-collar workers being contingent vs. full-time employees. Many organizations are aggressively and strategically pushing that number to 50% or 60% while simultaneously shifting to more and more diverse candidates. Within this expanding workforce segment, there is a huge opportunity to harvest the enormous amount of PRO’s data, deploy world-class machine-based learning to that data, and ultimately utilize it to make the process, quality, intelligence and cost of this massive modern workforce far superior than it is today,» said Kevin Akeroyd, CEO of PRO Unlimited. «We are excited to partner with a company that uses industry-leading AI technology to truly understand a candidate’s skill set or D&I attributes while generating recommendations to help inform hiring decisions.» 

Akeroyd added: «This is truly a game changer for our space. It will transform how our customers, which include some of the largest brands globally, source, develop and redeploy their workforces while lowering costs. Partnering exclusively in the contingent industry with this innovative talent intelligence company is something we are incredibly excited about.»

Eightfold AI’s talent intelligence platform brings together billions of anonymized data points, algorithms and domain expertise to make a reliable, scalable impact for enterprise organizations. The platform combines internal data with publicly available insights to predict future roles, as well as identify validated skills, likely skills and missing skills – speeding up the process substantially. Its AI technology uses the career paths of more than one billion profiles. This results in 90% less time screening, 80% faster time to interview, 70% more top candidates, 60% lower cost to hire, and due to its gender/anonymous evaluations, 0% bias. This is critical as Eightfold’s demographic-masking capabilities and its unique diversity analytics help block the biases in traditional hiring, understand barriers for candidates and create accountability. With the addition of the Eightfold partnership, PRO will offer an unparalleled suite of diversity offerings for the contingent workforce. 

«Partnering with PRO Unlimited is perfectly aligned with our mission of providing the right career to everyone in the world,» said Ashutosh Garg, Founder and CEO of Eightfold AI. «Together, we are able to bring Eightfold’s unique expertise and capability working with full-time employment to an entirely new, critical segment of customers in the rapidly growing, strategic, contingent workforce space.»

PRO’s embedding of Eightfold AI’s technology will roll out initially in Q1 2021 and iterate rapidly, driving continuous improvement and value creation, and be available for all PRO customers. 

About PRO Unlimited
PRO Unlimited offers the industry’s most comprehensive and holistic platform for contingent workforce management, and helps organizations around the world address the costs, risks and quality issues associated with managing the non-employee workforce. PRO’s platform consists of integrated SaaS software and services solutions that are built on the world’s most robust contingent workforce data set, spanning over 30 years. A pioneer and innovator in the industry, PRO’s platform provides solutions for the procurement and management of contingent labor, global rate intelligence, direct sourcing, 1099/co-employment risk management, third-party payroll, and diversity and inclusion. http://www.prounlimited.com

About Eightfold AI

Eightfold AI® delivers the Talent Intelligence Platform™, the most effective way for organizations to retain top performers, upskill and reskill the workforce, recruit top talent efficiently, and reach diversity goals. Eightfold AI’s deep learning artificial intelligence platform empowers enterprises to turn talent management into a competitive advantage. For more information, visit www.eightfold.ai. 

 

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SOURCE PRO Unlimited

TrueCar Forecasts New and Used Retail Sales Up Slightly Year-Over-Year for January 2021, While Fleet Recovery Drags

SANTA MONICA, Calif., Jan. 26, 2021 /PRNewswire/ — TrueCar, Inc. projects total new vehicle sales will reach 1,048,975 units in January 2021, down 4.4% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.9…

SANTA MONICA, Calif., Jan. 26, 2021 /PRNewswire/ — TrueCar, Inc. projects total new vehicle sales will reach 1,048,975 units in January 2021, down 4.4% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.9 million units. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 880,552 units, an increase of 0.4% from a year ago when adjusted for the same number of selling days. Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020. 

«Entering 2021 with retail sales in line with last year is a big win for the automotive industry,» said Nick Woolard, Lead Industry Analyst at TrueCar. «However, while retail sales have rebounded, rental fleets remained depressed and continue to interrupt fleet sales. . As a result, fleet sales are struggling to come back to pre-pandemic levels and are driving total unit sales down.»

«The automotive industry continues to reap the benefits of continued strength in retail demand with lower incentive spend. A handful of brands such as Ford, Genesis, GMC, Ram and Toyota, appear to be in the coveted quadrant of both retail growth as well as incentive decline. This is mostly driven by new product and being in the right segments or a combination of the two,» added Woolard.

Average transaction prices (ATP) are projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020. TrueCar projects that U.S. revenue from new vehicle sales will reach approximately $39 billion for January 2021, down 4.4% (based on a non-adjusted daily selling rate) from a year ago and down 38.2% from last month.

«Average transaction prices have finally come down from the record-setting highs we saw last month, but are still higher than this time last year.  Of the bigger manufacturers, only Kia has an average transaction price below $30,000. We expect this trend to continue as consumers desire pricier trucks and SUVs,» said Alain Nana-Sinkam, Vice President of Industry Insights at TrueCar. «As new vehicle prices rise, we may see more price-conscious shoppers gravitate back towards smaller segments or the used car market due to growing concerns around affordability.»

Additional Insights (forecast by TrueCar):

  • Total retail sales for January 2021 are expected to be up 0.4% from a year ago and down 28.6% from December 2020 when adjusted for the same number of selling days.
  • Fleet sales for January 2021 are expected to be down 23.7% from a year ago and up 8% from December 2020 when adjusted for the same number of selling days.
  • Average transaction price is projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020.
  • Total SAAR is expected to decrease 5.5% from a year ago from 16.8 million units to 15.9 million units.
  • Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020.
  • The average interest rate on new vehicles is 5.6% and the average interest rate on used vehicles is 8.1%.

January 2021 forecasts for the 13 largest manufacturers by volume. For additional data, visit the TrueCar Newsroom.

Total Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

18,358

21,156

45,594

-13.2%

-9.6%

-59.7%

-53.0%

Daimler

15,405

24,111

35,436

-36.1%

-33.4%

-56.5%

-49.3%

Ford

143,106

156,041

208,007

-8.3%

-4.5%

-31.2%

-19.7%

GM

199,403

208,032

295,536

-4.1%

-0.2%

-32.5%

-21.3%

Honda

85,958

101,625

136,467

-15.4%

-11.9%

-37.0%

-26.5%

Hyundai

40,423

44,143

69,388

-8.4%

-4.6%

-41.7%

-32.0%

Kia

36,151

40,355

53,764

-10.4%

-6.7%

-32.8%

-21.6%

Nissan

67,641

80,698

98,638

-16.2%

-12.7%

-31.4%

-20.0%

Stellantis

124,961

135,239

202,371

-7.6%

-3.7%

-38.3%

-28.0%

Subaru

40,624

46,285

63,558

-12.2%

-8.6%

-36.1%

-25.4%

Tesla

26,156

22,350

26,950

17.0%

21.9%

-2.9%

13.2%

Toyota

169,836

166,973

251,256

1.7%

6.0%

-32.4%

-21.1%

Volkswagen Group

39,705

45,377

70,175

-12.5%

-8.9%

-43.4%

-34.0%

Industry

1,048,975

1,143,027

1,619,907

-8.2%

-4.4%

-35.2%

-24.5%

Retail Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

17,885

19,578

44,801

-8.6%

-4.8%

-60.1%

-53.4%

Daimler

15,086

22,516

34,711

-33.0%

-30.2%

-56.5%

-49.3%

Ford

111,163

106,861

169,545

4.0%

8.4%

-34.4%

-23.5%

GM

150,681

147,866

256,921

1.9%

6.1%

-41.4%

-31.6%

Honda

85,485

100,679

135,896

-15.1%

-11.6%

-37.1%

-26.6%

Hyundai

35,967

36,720

60,849

-2.0%

2.0%

-40.9%

-31.0%

Kia

32,392

33,393

51,764

-3.0%

1.0%

-37.4%

-27.0%

Nissan

52,674

57,436

81,068

-8.3%

-4.5%

-35.0%

-24.2%

Stellantis

98,062

100,485

167,109

-2.4%

1.7%

-41.3%

-31.5%

Subaru

38,383

43,618

61,188

-12.0%

-8.3%

-37.3%

-26.8%

Tesla

26,144

22,350

26,941

17.0%

21.8%

-3.0%

13.2%

Toyota

143,997

140,984

222,710

2.1%

6.4%

-35.3%

-24.6%

Volkswagen Group

38,243

40,303

69,128

-5.1%

-1.2%

-44.7%

-35.5%

Industry

880,552

913,238

1,437,992

-3.6%

0.4%

-38.8%

-28.6%

Fleet Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

472

1,578

793

-70.1%

-68.8%

-40.5%

-30.5%

Daimler

319

1,595

725

-80.0%

-79.2%

-56.0%

-48.7%

Ford

31,943

49,180

38,462

-35.0%

-32.3%

-17.0%

-3.1%

GM

48,722

60,166

38,615

-19.0%

-15.6%

26.2%

47.2%

Honda

473

946

571

-50.0%

-47.9%

-17.2%

-3.3%

Hyundai

4,456

7,423

8,539

-40.0%

-37.5%

-47.8%

-39.1%

Kia

3,759

6,962

2,000

-46.0%

-43.8%

87.9%

119.3%

Nissan

14,966

23,262

17,570

-35.7%

-33.0%

-14.8%

-0.6%

Stellantis

26,900

34,754

35,262

-22.6%

-19.4%

-23.7%

-11.0%

Subaru

2,241

2,667

2,370

-16.0%

-12.5%

-5.4%

10.3%

Tesla

12

–

9

–

–

30.6%

52.4%

Toyota

25,839

25,989

28,546

-0.6%

3.6%

-9.5%

5.6%

Volkswagen Group

1,462

5,074

1,047

-71.2%

-70.0%

39.7%

63.0%

Industry

168,423

229,789

181,915

-26.7%

-23.7%

-7.4%

8.0%

Fleet Penetration

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

MoM % Change

BMW

2.6%

7.5%

1.7%

-65.5%

47.9%

Daimler

2.1%

6.6%

2.0%

-68.7%

1.2%

Ford

22.3%

31.5%

18.5%

-29.2%

20.7%

GM

24.4%

28.9%

13.1%

-15.5%

87.0%

Honda

0.6%

0.9%

0.4%

-40.9%

31.5%

Hyundai

11.0%

16.8%

12.3%

-34.4%

-10.4%

Kia

10.4%

17.3%

3.7%

-39.7%

179.5%

Nissan

22.1%

28.8%

17.8%

-23.2%

24.2%

Stellantis

21.5%

25.7%

17.4%

-16.2%

23.5%

Subaru

5.5%

5.8%

3.7%

-4.3%

47.9%

Tesla

0.0%

0.0%

0.0%

34.6%

Toyota

15.2%

15.6%

11.4%

-2.3%

33.9%

Volkswagen Group

3.7%

11.2%

1.5%

-67.1%

146.9%

Industry

16.1%

20.1%

11.2%

-20.1%

43.0%

Total Market Share

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

BMW

1.8%

1.9%

2.8%

Daimler

1.5%

2.1%

2.2%

Ford

13.6%

13.7%

12.8%

GM

19.0%

18.2%

18.2%

Honda

8.2%

8.9%

8.4%

Hyundai

3.9%

3.9%

4.3%

Kia

3.4%

3.5%

3.3%

Nissan

6.4%

7.1%

6.1%

Stellantis

11.9%

11.8%

12.5%

Subaru

3.9%

4.0%

3.9%

Tesla

2.5%

2.0%

1.7%

Toyota

16.2%

14.6%

15.5%

Volkswagen Group

3.8%

4.0%

4.3%

Retail Market Share

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

BMW

2.0%

2.1%

3.1%

Daimler

1.7%

2.5%

2.4%

Ford

12.6%

11.7%

11.8%

GM

17.1%

16.2%

17.9%

Honda

9.7%

11.0%

9.5%

Hyundai

4.1%

4.0%

4.2%

Kia

3.7%

3.7%

3.6%

Nissan

6.0%

6.3%

5.6%

Stellantis

11.1%

11.0%

11.6%

Subaru

4.4%

4.8%

4.3%

Tesla

3.0%

2.4%

1.9%

Toyota

16.4%

15.4%

15.5%

Volkswagen Group

4.3%

4.4%

4.8%

Average Transaction Price (ATP)

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

$58,473

$57,090

$59,710

2.4%

-2.1%

Daimler

$61,867

$60,853

$61,087

1.7%

1.3%

Ford

$43,580

$42,543

$44,354

2.4%

-1.7%

GM

$41,852

$39,522

$43,735

5.9%

-4.3%

Honda

$30,740

$29,220

$30,959

5.2%

-0.7%

Hyundai

$31,273

$28,324

$30,477

10.4%

2.6%

Kia

$28,204

$25,647

$28,137

10.0%

0.2%

Nissan

$30,068

$29,351

$29,965

2.4%

0.3%

Stellantis

$42,886

$40,590

$43,259

5.7%

-0.9%

Subaru

$30,564

$30,032

$30,789

1.8%

-0.7%

Toyota

$34,995

$33,379

$35,321

4.8%

-0.9%

Volkswagen Group

$43,040

$40,787

$42,920

5.5%

0.3%

Industry

$37,330

$35,821

$39,089

4.2%

-4.5%

Incentive Spending

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

$4,687

$5,812

$5,233

-19.4%

-10.4%

Daimler

$4,187

$6,246

$4,438

-33.0%

-5.7%

Ford

$3,925

$4,926

$4,464

-20.3%

-12.1%

GM

$5,537

$5,673

$4,971

-2.4%

11.4%

Honda

$2,862

$2,520

$2,455

13.6%

16.6%

Hyundai

$2,281

$3,092

$2,536

-26.2%

-10.0%

Kia

$2,605

$3,686

$2,999

-29.3%

-13.1%

Nissan

$4,062

$4,842

$4,586

-16.1%

-11.4%

Stellantis

$5,284

$5,027

$4,681

5.1%

12.9%

Subaru

$1,512

$1,244

$1,505

21.5%

0.5%

Toyota

$2,466

$2,679

$2,755

-8.0%

-10.5%

Volkswagen Group

$3,754

$4,407

$4,256

-14.8%

-11.8%

Industry

$3,839

$4,151

$3,869

-7.5%

-0.8%

Incentives as a Percentage of Average Transaction Price (ATP)

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

8.0%

10.2%

8.8%

-21.3%

-8.5%

Daimler

6.8%

10.3%

7.3%

-34.1%

-6.8%

Ford

9.0%

11.6%

10.1%

-22.2%

-10.5%

GM

13.2%

14.4%

11.4%

-7.8%

16.4%

Honda

9.3%

8.6%

7.9%

8.0%

17.4%

Hyundai

7.3%

10.9%

8.3%

-33.2%

-12.3%

Kia

9.2%

14.4%

10.7%

-35.7%

-13.3%

Nissan

13.5%

16.5%

15.3%

-18.1%

-11.7%

Stellantis

12.3%

12.4%

10.8%

-0.5%

13.9%

Subaru

4.9%

4.1%

4.9%

19.4%

1.2%

Toyota

7.0%

8.0%

7.8%

-12.2%

-9.7%

Volkswagen Group

8.7%

10.8%

9.9%

-19.3%

-12.0%

Industry

10.3%

11.6%

9.9%

-11.2%

3.9%

(Note: This forecast is based solely on TrueCar, Inc.’s analysis of industry sales trends and conditions and is not a projection of TrueCar, Inc.’s operations.)

About TrueCar
TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry’s most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings, and market context on new and used cars – all with a clear view of what’s a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency, and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam’s Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with offices in Austin, Texas, and Boston, Massachusetts.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com 

TrueCar PR Contacts:
Shadee Malekafzali
shadee@truecar.com
424.258.8694

Tanya Kohan
tkohan@truecar.com
714.425.6319

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SOURCE Truecar, Inc.