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Upcoming Events: Seminar Schedule

Professional Automotive Sales - Next Level Training - Building Value and More!
Monday, November 18, 2024 - 8:30am-4:00pm
GCADA - 9150 S. Hills Blvd. Broadview Hts. 44147
Members: $285/pp Non-Members: $500
Forklift Safety Training & Certification for Dealership Employees
Thursday, November 07, 2024 - 9am-12pm
Ron Marhofer Chevrolet
SAFE: $0 GCADA Member: $50/pp Non-Member:$100/pp
F&I Manager's Guide to Compliance - YOUNGSTOWN / BOARDMAN
Thursday, October 24, 2024 - 10:00am-1:00pm
Holiday Inn Youngstown / Boardman
Members: $75/pp Non-Member: $150/pp
F&I Manager's Guide to Compliance - MAYFIELD
Thursday, October 17, 2024 - 10:00am-1:00pm
Holiday Inn Cleveland-Mayfield 780 Beta Dr. 44143
Members: $75/pp Non-Member: $150/pp
F&I Manager's Guide to Compliance - CUYAHOGA FALLS
Thursday, October 10, 2024 - 10:00am-1:00pm
Sheraton Suites Cuyahoga Falls
Registration closed for this session - at capacity

News & Updates

News Release: October New Vehicle Registrations
November 05, 2024

News Release: October New Vehicle Registrations

 

FOR IMMEDIATE RELEASE

Cleveland, OH – Northern Ohio franchised new motor vehicle dealers reported a total of 20,588 sales last month, according to figures released today by the Greater Cleveland Automobile Dealers’ Association (GCADA). Compared to October of last year, this amounts to an 8.71 percent increase, placing 2024 year to date sales in the region at a 3.49 percent gain over the prior year.

“October new vehicle sales surged with over an eight percent swing versus 2023,” says Louis A. Vitantonio, president of the GCADA. “This boost was certainly assisted by decreased interest rates and an increase in incentives to clear current inventory. We anticipate consistent sales numbers for the remainder of 2024. 

“Used vehicles did not fare as well given that there is less available inventory than in the past, and pricing remains high.”

The registration of 17,329 used vehicles in October of 2024 represents a decrease of 3.44 percent compared to the same month a year prior, and down 0.26 percent year to date versus 2023.

Chevrolet maintains its hold on the region, selling 2,927 new vehicles in October. Ford remains in second with 2,338 sales in the month, followed by Honda with 1,877 for third place. Kia moved back into fourth with 1,673 sales, and Toyota snagged fifth with 1,562.

New-car and truck sales in Northern Ohio
October ‘24 / October ‘23 & YTD

 

October ‘24

October ‘23

YTD
October ‘24

YTD
October ‘23


October Chg.

YTD
October Chg.

ACURA

123

132

1168

1256

-6.82%

-7.01%

ALFA ROMEO

8

39

166

258

-79.49%

-35.66%

ASTON MARTIN

2

0

14

17

0.00%

-17.65%

AUDI

117

112

1203

1307

4.46%

-7.96%

BENTLEY

2

0

29

27

0.00%

7.41%

BMW

274

184

2205

1999

48.91%

10.31%

BUICK

600

530

5396

4884

13.21%

10.48%

CADILLAC

277

220

2386

2023

25.91%

17.94%

CHEVROLET

2927

2714

25,475

24,348

7.85%

4.63%

CHRYSLER

114

84

788

799

35.71%

-1.38%

DODGE

142

179

1623

1607

-20.67%

1.00%

FIAT

1

1

6

3

0.00%

100.00%

FORD

2338

2195

22,385

21,908

6.51%

2.18%

FREIGHTLINER

93

51

730

798

82.35%

-8.52%

GENESIS

86

88

740

633

-2.27%

16.90%

GMC

663

615

6183

6667

7.80%

-7.26%

HINO

1

1

20

32

0.00%

-37.50%

HONDA

1877

1715

17,421

14,940

9.45%

16.61%

HYUNDAI

1017

964

9907

9421

5.50%

5.16%

INFINITI

41

32

255

318

28.13%

-19.81%

INTERNATIONAL

35

38

405

474

-7.89%

-14.56%

ISUZU

17

24

137

207

-29.17%

-33.82%

JAGUAR

6

8

88

74

-25.00%

18.92%

JEEP

1118

913

9437

9541

22.45%

-1.09%

KENWORTH

64

64

482

493

0.00%

-2.23%

KIA

1673

1526

14,408

15,670

9.63%

-8.05%

LAND ROVER

64

39

564

499

64.10%

13.03%

LEXUS

218

178

2070

1751

22.47%

18.22%

LINCOLN

200

150

1592

1269

33.33%

25.45%

MACK

13

26

149

227

-50.00%

-34.36%

MASERATI

5

0

40

34

0.00%

17.65%

MAZDA

592

422

5274

4890

40.28%

7.85%

MERCEDES BENZ

249

230

2399

2333

8.26%

2.83%

MINI

24

14

159

175

71.43%

-9.14%

MISCELLANEOUS

8

5

116

73

60.00%

58.90%

MITSUBISHI

136

76

1108

875

78.95%

26.63%

NISSAN

640

618

6699

6965

3.56%

-3.82%

PETERBILT

99

55

809

823

80.00%

-1.70%

PORSCHE

59

47

502

547

25.53%

-8.23%

RAM

771

768

5960

6989

0.39%

-14.72%

ROLLS-ROYCE

4

3

17

15

33.33%

13.33%

SUBARU

1332

1159

11,111

10,133

14.93%

9.65%

TESLA

241

396

2893

2680

-39.14%

7.95%

TOYOTA

1562

1784

13,883

13,098

-12.44%

5.99%

VOLKSWAGEN

573

435

4855

3878

31.72%

25.19%

VOLVO

159

95

985

1097

67.37%

-10.21%

WESTERN STAR

23

9

116

80

155.56%

45.00%

Total Cars and Trucks

20,588

18,938

184,358

178,135

8.71%

3.49%

Retail sales figures are based on vehicle registration reports from the Ohio Bureau of Motor Vehicles. Vehicle sales data includes all dealers in these 21 counties: Ashland, Ashtabula, Carroll, Columbiana, Coshocton, Cuyahoga, Erie, Geauga, Holmes, Huron, Lake, Lorain, Mahoning, Medina, Portage, Richland, Stark, Summit, Trumbull, Tuscarawas and Wayne.

About the GCADA

The Greater Cleveland Automobile Dealers' Association (GCADA) has served the retail automobile industry and community with integrity and distinction since 1915. Today, located in Broadview Heights, GCADA represents over 280 franchised motor vehicle dealers, which include new-car, truck, motorcycle and RV dealers in 32 Ohio counties along the Lake Erie shore and beyond. More information can be found online at www.gcada.org.

MEDIA CONTACT:
Sara Panza, 440-746-1500

 

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