News Column

New Vehicle Sales Droop in Houston

July 16, 2013

New-vehicle sales in the Houston region declined significantly in June, compared with the same time last year.

Retail sales decreased by 16.6 percent from June 2012 and fell 4.1 percent from May 2013, said Steve McDowell, owner of InfoNation, the publisher of TexAuto Facts, which tracks new car and truck sales in the 10-county Houston region.

Last year, Houston-area dealers posted record sales increases, making it harder for them to maintain those levels this year.

McDowell also speculated that new-vehicle sales may have declined in June because of a heightened consumer focus on the Houston housing market and housing-related purchases.

Retail sales for the first half of 2013 are virtually even with last year's level, he noted.

He expects the Houston car and truck market to pick up in the third quarter.

The average retail price for a new vehicle in June was $32,742, down slightly from the previous month.

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Source: Copyright Houston_Chronicl 2013


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