Houston Vehicle Sales Jump 90% From June 2011
by: Andrew Schneider, July 17, 2012 4:07:00 am
TexAuto Facts, published by InfoNation of Sugar Land, says dealers in the ten-county Houston metro area sold nearly 32,000 cars, trucks and SUVs in June — an increase of nearly 90% over June of last year.
InfoNation owner Steve McDowell credits the strong Houston job market for the gains.
“If you track employment figures in the Houston region, auto sales lag a bit, but they track pretty well with employment figures. And of course employment in Houston is doing very well relative to the rest of the country.”
McDowell says the greater availability of financing and the need to replace an aging fleet are also driving the growth in vehicle sales. He says local dealers are on track to sell
315,000 units this year, slightly above the annual average of the past ten years.