The Partnership sends updates for the most important economic indicators each month. If you would like to opt-in to receive these updates, please click here.
Estimated Read Time: 1 minute
Houston-area dealers sold 360,975 cars, trucks, and SUVs in the 12 months ending February ’24, a 14.0 percent increase over the 316,737 sold over the comparable period in ‘23, according to TexAuto Facts, published by InfoNation, Inc. Car sales are up 12.9 percent, truck and SUV sales, 14.3 percent.
There was an increase in vehicle sales over the 12 months ending in February '24, with notable jumps in both car and truck/SUV transactions.
However, average retail prices for new vehicles slipped compared to the last year, with new car prices falling more than trucks/SUV prices.
Trucks and SUVs accounted for 77.7 percent of all new vehicles sold in February and cars for 22.3 percent.
Prepared by Greater Houston Partnership Research
Patrick Jankowski, CERP
Chief Economist
Senior Vice President, Research
pjankowski@houston.org
Leta Wauson
Research Director
lwauson@houston.org
Houston-area sold 360,975 cars, trucks, and SUVs-12 months ending Feb '24