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Monthly Update: Vehicle Sales

May '22, Latest Data
Published on 6/15/22

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New car, truck, and SUV sales are down 0.7 percent through May of this year compared to the same period in ’21. Truck and SUV sales continue to dominate the market, accounting for one in four (77.3 percent) of all vehicles sold to date. 

The lack of inventory continues to drive up auto prices. The average price paid for a vehicle sold in May was up 13.9 percent from May ’21 and 21.4 percent since May ’20.

Other points of note:

  • Suburban dealers accounted for 25.4 percent all new vehicle sales in May in metro Houston. Dealers in Harris County accounted for 74.6 percent. 
  • Domestic brands accounted for 42.7 percent of all vehicles sold in Houston through May of this year, import brands accounted for 57.3 percent.
     

Prepared by Greater Houston Partnership Research 

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

Key Economic Indicators Vehicles
$49,688

Average sales price for all vehicle types in Houston in May

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