Monthly Update: Vehicle Sales

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Houston-area dealers sold 346,979 cars, trucks, and SUVs in the 12 months ending June ’24, a 2.9 percent increase over the 337,282 sold over the comparable period in ‘23, according to TexAuto Facts, published by InfoNation, Inc. Car sales rose 2.4 percent and truck and SUV sales 3.0 percent.

Though the 12-month total is up compared to ’23, sales year-to-date have slipped.

Weaker sales have put downward pressure on prices.

• The average retail price for a new car sold in June was $40,013, down from $41,697 in June of last year. 
• The average price for a new truck/SUV was $54,339, down from $54,684 in June ’23. 
• The average retail price for all new vehicles was $51,382 in June, down from $51,770 in June ’23. 

Trucks and SUVs accounted for 79.3 percent of all new vehicles sold in June and cars for 20.7 percent.

Prepared by Greater Houston Partnership Research 

Patrick Jankowski, CERP
Chief Economist
Senior Vice President, Research
pjankowski@houston.org

Clara Richardson
Associate Analyst, Research
crichardson@houston.org