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News & Updates

News Release: New Car and Truck Sales Grow in July
August 12, 2011

News Release: New Car and Truck Sales Grow in July

 

NEWS RELEASE
 
FOR IMMEDIATE RELEASE
 
MEDIA CONTACT:
Sara Panza
Greater Cleveland Automobile Dealers’ Association
440.746.1500
 
New Car and Truck Sales Grow Despite Economic Concerns, Tight Inventories
 
Cleveland, OH (August 12, 2011) While retail sales of new cars and light trucks continued to grow in July, sales slowed to 3.8 percent when comparing July of 2011 to July of 2010, according to figures released today by the Greater Cleveland Automobile Dealers’ Association (GCADA). In July of last year, dealerships in Northern Ohio sold 16,048 units compared to 16,669 in July of this year.
 
“The market has slowed somewhat in terms of the strong double-digit growth we experienced earlier this year,” says Louis A. Vitantonio, president of the GCADA. “For the year to date, however, sales are still up more than 23 percent, when removing sales figures from the discontinued Pontiac and Saturn brands.
 
“Much of the slow down came in some upscale brands, which could be due in part to the anxiety over the debt ceiling issue and what its impact might have on the stock market,” said Vitantonio. “We also saw some drop off in some offshore brands, and much of this is due to restricted inventories caused by the tsunami disaster in Japan. However, production should be up to full capacity this month, and dealers are reporting that inventory is arriving.”
 
Despite concerns over the economy, there is still strong consumer demand for both new and used vehicles. The average vehicle on the road today is 10.2 years old compared with 8.9 years old in 2000. While prices on some late model used cars are starting to moderate, many late-model used vehicles are still commanding their highest values in years, which means trade-ins have more value than in years past.
 
A total of 22 brands registered sales increases for the month, when comparing sales to the same period a year prior. For the year to date, 26 brands are up from January through July when comparing sales to the same period in 2010.
 
In terms of total units sold for the month, Ford retained its number one spot over Chevrolet, selling 2,885 units compared to 2,552 for Chevy. Toyota grabbed third spot with 1,380 units, while Honda re-entered the top four with sales of 1,215 units.
 
22 Brands Up in July (‘11 v. ‘10)
The following 22 brands posted sales increases in July 2011 versus July 2010: Audi, Buick, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Jeep, Kia, Land Rover, Lincoln, Mercedes-Benz, Mini, Mitsubishi, Nissan, Porsche, Saab, Subaru, Suzuki, Volkswagen and Volvo.
 
26 Brands Up Year to Date through July (‘11 v. ‘10)
The following 25 brand posted sales increases for the year to date through July of this year versus the same period in 2010: Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Lincoln, Mercedes-Benz, Mini, Mitsubishi, Nissan, Porsche, Saab, Subaru, Volkswagen and Volvo.
 
New-car and truck sales in Northern Ohio
July ‘11 / July ’10 & YTD
 

 

July 11

July 10

July

% Chg.

YTD

July 11

YTD

July 10

YTD

July % Chg.

ACURA

112

131

-14.50%

993

842

17.93%

AUDI

114

65

75.38%

710

701

1.28%

BMW

178

205

-13.17%

1366

1141

19.72%

BUICK

400

322

24.22%

2937

1738

68.99%

CADILLAC

248

276

-10.14%

1960

1103

77.70%

CHEVROLET

2552

2259

12.97%

19032

13219

43.97%

CHRYSLER

438

295

48.47%

2527

1566

61.37%

DODGE

773

542

42.62%

4808

2871

67.47%

FIAT

26

0

0.00%

88

0

0.00%

FORD

2885

2768

4.23%

20669

17102

20.86%

FREIGHTLINER

29

9

222.22%

151

116

30.17%

GMC

537

359

49.58%

3798

2326

63.28%

HINO

1

4

-75.00%

17

18

-5.56%

HONDA

1214

1554

-21.88%

10750

10004

7.46%

HYUNDAI

848

871

-2.64%

6125

4874

25.67%

INFINITI

75

115

-34.78%

671

416

61.30%

INTERNATIONAL

36

24

50.00%

337

218

54.59%

ISUZU

8

4

100.00%

39

23

69.57%

JAGUAR

8

12

-33.33%

47

54

-12.96%

JEEP

640

495

29.29%

3545

2404

47.46%

KENWORTH

23

1

2200.00%

68

25

172.00%

KIA

1190

841

41.50%

7745

4834

60.22%

LAND ROVER

16

15

6.67%

162

164

-1.22%

LEXUS

135

216

-37.50%

1157

1505

-23.12%

LINCOLN

169

112

50.89%

1054

944

11.65%

LOTUS

0

2

-100.00%

5

7

-28.57%

MACK

3

6

-50.00%

75

46

63.04%

MAZDA

379

438

-13.47%

2399

2866

-16.29%

MERCEDES BENZ

277

195

42.05%

1525

1271

19.98%

MERCURY

0

265

-100.00%

30

1479

-97.97%

MINI

40

30

33.33%

245

185

32.43%

MISCELLANEOUS

9

4

125.00%

40

51

-21.57%

MITSUBISHI

131

117

11.97%

945

672

40.63%

NISSAN

891

882

1.02%

5975

4697

27.21%

PETERBILT

14

23

-39.13%

104

90

15.56%

PONTIAC

0

0

0.00%

4

139

-97.12%

PORSCHE

47

27

74.07%

262

167

56.89%

SAAB

23

8

187.50%

200

91

119.78%

SATURN

0

0

0.00%

3

165

-98.18%

SMART

6

7

-14.29%

36

37

-2.70%

STERLING

0

3

-100.00%

0

16

-100.00%

SUBARU

474

420

12.86%

2976

2626

13.33%

SUZUKI

17

13

30.77%

83

83

0.00%

TOYOTA

1310

1724

-24.01%

9879

11027

-10.41%

UD

0

0

0.00%

2

5

-60.00%

VOLKSWAGEN

356

353

0.85%

2251

1946

15.67%

VOLVO

37

36

2.78%

332

271

22.51%

WESTERN STAR

0

0

0.00%

7

1

600.00%

Total Cars & Trucks

16669

16048

3.87%

118134

96146

22.87%

 

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

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