Nov 1 (Reuters) - Truecar Inc
* Projects u.s. Revenue from new vehicle sales reached $46 billion for month of October, down 4.2 percent from a year ago.
* Average transaction prices in october 2016 remained nearly flat compared to prior month while showing a gain of 2.5% over prior year.
* Truecar estimates average transaction price for a new light vehicle was $33,544 in october, up 2.5 percent from a year ago.
* October auto sales set to reach $46 billion Source text for Eikon: Further company coverage: