While new-vehicle sales are expected to increase by over 11 percent for the month of October, TrueCar predicts a slight year-over-year decrease for total used-vehicle unit sales by the close of the month.

In an announcement from the company on Wednesday, TrueCar says it expects that total used-auto sales may exceed 3,023,686 units, which, if that figure comes to fruition, would be a 2.3 percent decrees compared to October 2014’s results a year ago.

The prediction includes potential used-vehicle sales from franchised and independent dealerships as well as private-party transactions.

The company predicts total revenue from new- and used-vehicle sales in the U.S. to rise by 7 percent this year, resulting in an all-time industry record of $1.2 trillion. That would include a total of 55.8 million new and used cars and light trucks for the year, a 4.2 percent increase over the 53.5 million units retailed in 2014.

“The industry remains hot with October marking the third month this year of double-digit growth,” said Eric Lyman, TrueCar’s vice president of industry insights. “Interest rates are still low, which helps move vehicles off lots for consumers ready to buy. Automakers’ promotions also sweetened the deal as the model-year close-outs carried over from September.”