Vehicle Sales Level Off After Year-Long Rocket Ride
by: Andrew Schneider, June 14, 2013 3:06:00 pm
Houston-area dealers sold just over 27,500 cars, trucks and SUVs last month — just a few dozen less than in May of 2012.
Steve McDowell, president of InfoNation, says a drop in fleet sales was the main reason for the decline. By contrast, retail sales were up nearly 5% from a year ago.
“The main thing, I think, that we do see is that our sales have now stabilized, and we are tending to run 27,000-28,000 units a month, and that’s a good thing.”
McDowell says vehicle sales were bound to level off, following the burst of pent-up demand last year, as Houston rebounded from the recession.
“For the full year, we were up about 27%, and we just don’t expect that to continue.”
Year-to-date sales for 2013 are currently up about 3%.