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In the first quarter of 2018 new car sales grew by 12.6 percent over the last year as high consumer confidence and low unemployment favored Houston dealerships. Local car dealers sold 22.278 new cars in March, which is more by 6.4 percent over the last year. However, the average price for a new vehicle fell for the second month in a row to $37,217, which is less by $554 or 1.5 percent. Prices fell in all car categories, cars, trucks, and SUVs. Average prices fell because the market share for trucks and SUVs has fallen. Since SUVs and trucks cost more than sedans, a loss in market sh...
The U.S. automakers have been facing 2 crucial problems after the two storms that battered parts of Texas and Florida: bulging new-vehicle inventories and an oversupply of off-lease vehicles. This Tuesday, they will reveal their car sales for September, but we are already convinced that their shares will be higher than ever, thanks to the demand for vehicles to replace those damaged and destroyed by Houston’s floods. Analysts expect September to show the first monthly increase in vehicle sales this year -- though their previous forecasts of sales gains for the industry in Marc...
Audi of America reported an August sales increase of 2.8 percent to 19,811 deliveries. The Q7 and the new Q5 and A5 Sportback helped drive consumer demand. August was the 80th consecutive record sales month for Audi of America. The previous August record was set last year with 19,264 deliveries. Through August, Audi has now sold 141,606 vehicles in the U.S. this year. Deliveries of the new Q5 rose to 4,767 and have now risen 11 percent for the year. Q7 sales rose 35 percent over last August to 3,174 and have risen 20 percent year-to-date. Through August, Audi SUV sales have risen 12...
U.S. auto sales are down 2% this August, by totaling 16,14 million. We’ve got to admit that we expected to see even worse car sales data from the big three Detroit automakers, but as Houston area replaces flood-damaged cars and trucks after Hurricane Harvey, their shares got higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, Honda's sales fell 2.4 percent. Still, analysts focused on the potentia...
We remember lots of disasters that happened in U.S. in the latest years, but none of them could conquer with the aftermath created by the Hurricane Harvey. The storm may have ruined up to one million vehicles along the Texas Gulf Coast. In the Houston area, about one in seven cars may have been destroyed . Hundreds of thousands of vehicles have been submerged in the unprecedented flood water, which is filled not just with alligators, but sewage and other stuff you don’t want on your seats or in your electrics. The damage to cars’ systems will, inevitably, ...
