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Houston-area auto dealers sold 23,123 new vehicles in June ’21, an increase of 77.5 percent from June ’20, according to TexAuto Facts, published by InfoNation, Inc. of Houston. Truck/SUV sales jumped 70.7 percent since June ’20 and car sales surged 102.0 percent.
The average price paid for a new vehicle was $43,867 in June ’21, up 6.4 percent from $41,225 in June ’20. The truck/SUV segment—which accounted for 75.2 percent of new vehicles purchased during the month—carried an average sales price of $47,062, up 7.8 percent from $43,664 one year ago. The average price for a new car rose slightly, from $32,468 in June ’20 to $34,114 in June ’21.
In ’19, vehicle sales were trending down while the energy and construction industries were beginning to soften. During the COVID-19 pandemic many consumers, concerned with losing their job, delayed major purchases and thus accumulated savings. As vaccination rates rise and the economy recovers, these consumers are now more comfortable spending those savings, contributing to the uptick in sales.
Prepared by Greater Houston Partnership Research
Patrick Jankowski, CERP
Senior Vice President, Research
Houston-area auto dealers sold 23,123 new vehicles in June '21