Houston auto sales were up 33 percent in October year over year, compared to just a 9.6 percent increase in growth nationally during September.
Vehicle sales and prices in Houston are higher than they were in 2021, but are on the decline from theirIn October, more than 5,000 cars and 18,000 trucks were sold in the Houston area -- an increase of 33 percent compared with the same month last year, but a slight decline from September, according to data from TexAuto Facts Report published by Houston-based InfoNation. Nationwide auto sales were 9.6 percent higher in September than the same month in 2021,.
The average price of a car also is down, falling to $51,500 last month from about $52,200 in September, though the average price is still about $2,700 more than in October 2021. For trucks and SUVs, prices have been slower to drop. The average price of a truck or SUV fell just $100 in October compared with September, and is more than $3,000 more costly than in October 2021.
hampered production. Low inventory and rising material costs pushed up the prices of both new and used cars. Now, as the shortage improves, manufacturers are faced with new production issues brought on by the pandemic and by the shortage of workers in the U.S. "We're seeing issues in non-chip suppliers," John Lawler, Ford's CFO, said in an earnings call in late October."It has to do with the tight labor market, but ... we're finding with many of the suppliers during the COVID timeframe had not invested in maintenance or in their facilities and tooling, and so they're not able to ramp up as we expected."Group 1 Automotive CEO Earl Hesterberg said third-quarter sales were up 20 percent from last year.
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