Skip to main content

Data, Insight & Analysis

0
Recent Downloads

Monthly Update: Vehicle Sales

August '19
Published on 9/18/19
Monthly Update: Vehicle Sales

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.

For the latest data, click here.

 

Houston new vehicle sales fell this August compared to last August. Dealers sold 21,546 new vehicles, a 16.7 percent decline from August ’18, according to TexAuto Facts, published by InfoNation, Inc. of Sugar Land. Truck/SUV sales fell 17.4 percent and car sales dropped 15.1 percent. New vehicle sales started off strong in early ’19 but cooled throughout the year. Year-to-date, vehicle sales are down 2.4 percent compared to the first eight months of ’18. The decline mirrors a national trend of lower new car sales despite reduced interest rates offered to consumers.

Vehicles - August

Regional vehicle sales in the past 12 months are down 3.5 percent from the comparable period in ’18. This decline is driven entirely by weak car sales which are 11.5 percent lower during the past 12 months than the preceding 12 months. Truck/SUV sales are flat.

Despite recent weak sales, the average retail price per vehicle sold continues to climb, increasing 7.8 percent since August ’18 to $39,010. 

 

Prepared by Greater Houston Partnership Research 

Nadia Valliani
Manager, Research
713-844-3654
nvalliani@houston.org

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

Key Economic Indicators Vehicles
21,546

Houston-area auto dealers sold 21,546 new vehicles in August ’19

Executive Partners