Houston new vehicle sales declined in February as prices remained high
Fords new electric vehicle, Mach E, at Hellman Ford Dealership in Houston. Vehicle sales in the Houston area fell by 20 percent compared with those a month earlier.Despite a strong start to the year, Houston-area new car and truck sales tumbled in February.
There were about 5,800 fewer new vehicles sold in the Houston region in February, about 20 percent fewer than in January, according to data from the TexAuto Facts Report published by Houston-based marketing and data company InfoNation. Compared with February 2022, sales fell by 12 percent: 11 percent for trucks and 17 percent for cars. The decline in sales was less dramatic in the suburban counties within the Houston area. Car sales there declined by 9 percent year over year, and truck sales increased by 2 percent, contributing to sales being roughly unchanged.
Despite the February slump, January's strong sales helped keep year-to-date vehicle sales in the region 5 percent higher than the first two months of 2022. That keeps the area close to theNationwide, sales slowed during the second month of the year,
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