Business

Houston Monthly Vehicle Sales Up Nearly 30 Percent In August

Discounts, factory incentives, and cheap gas all helped Houston-area dealers clear their showrooms. But year-over-year sales took a tumble.

Houston-area auto dealers sold 28,399 vehicles in August. That’s an increase of 28.2 percent from July, but a drop of 7.2 percent from August 2015.

Consumer confidence jumped nationwide last month. That showed up locally, with men and women spending more on big-ticket items.

“I believe that the aggressive factory incentives and pretty strong dealer discounts that have been in place now, I think they’re having an effect as well,” says Steve McDowell, president of InfoNation and publisher of TexAuto Facts. “And of course we’re getting to the end of the model year, which means they push pretty hard to clear out the previous year’s models.”

SUVs and pick-up trucks sold briskly, thanks in large part to low gasoline prices. By contrast, auto sales continued to fall.

Nationally, new vehicle sales hit 1,511,000 units in August. That’s down 0.7 percent from July and 3.5 percent from a year ago.

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media’s business reporter, covering the oil...

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