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Monthly Update: Vehicle Sales

December '19
Published on 1/21/20
Monthly Update: Vehicle Sales

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Houston new vehicle sales rose 4.7 percent this December compared to December ’18. Dealers sold 23,396 new vehicles, up 1,042 vehicles from December ’18, according to TexAuto Facts, published by InfoNation, Inc. of Sugar Land. Truck/SUV sales went up 2.2 percent and car sales increased 11.2 percent.

Year-to-date vehicle sales are down 3.6 percent relative to last year. The bulk of the decline is due to lower car sales in the region. 

The average monthly retail price for a new vehicle was $38,312 in December ’19, down 3.8 percent from ’19’s price peak of $39,816 in January. This 3.8 percent price drop reflects price lower demand since the beginning of the year despite dealerships offering lower interest rates to consumers.

 

Prepared by Greater Houston Partnership Research 

Elizabeth Balderrama
Manager, Research
713-844-3615
ebalderrama@houston.org

Patrick Jankowski, CERP
Senior Vice President, Research
713-844-3616
pjankowski@houston.org

Vehicles Key Economic Indicators
21,963

Houston-area auto dealers sold 23,396 new vehicles in December ’19

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