Austin-area auto sales up 10.2%

Novem­ber’s in­crease comes on heels of Oc­to­ber’s sur­pris­ing 41 per­cent hike.

Austin American-Statesman - - BUSINESS - By Barry Har­rell bhar­rell@states­man.com Auto sales

The siz­zling pace of Austinarea auto sales cooled a bit in Novem­ber, but they re­main on an up­ward trend for the year, a new in­dus­try sur­vey shows.

Austin-area auto deal­ers saw sales rise 10.2 per­cent last month, com­pared with Novem­ber of 2011, ac­cord­ing to Free­man Auto Report, a Dal­las-based group that tracks new car reg­is­tra­tions. Area deal­ers sold 7,855 new ve­hi­cles last month, com­pared with 7,049 in Novem­ber 2011, ac­cord­ing to the report.

The Novem­ber num­bers come on the heels of Oc­to­ber’s sur­pris­ing 41 per­cent year-over-year sales jump, and con­tin­ues 2012’s strong sales re­bound for Austin-area deal­ers.

Year-over-year sales had soared 39.3 per­cent in July, 27.2 per­cent in June and 15.2 per­cent in May.

For the year to date, Austinarea auto sales are up 17.6 per­cent over the same 11-month pe­riod in 2011.

Austin deal­ers have sold 96,682 new ve­hi­cles this year, up from 82,232 in the same pe­riod in 2011, ac­cord­ing to Free­man Auto Report, which tracked sales in Travis, Wil­liamson, Hays, Bas­trop, Bur­net, Blanco and Cald­well coun­ties.

Novem­ber was a strong month na­tion­ally for the auto in­dus­try, as sales rose 15 per­cent from the same month in 2011, to 1.1 mil­lion, ac­cord­ing to Au­to­Data.

That was the in­dus­try’s fastest sales pace since Jan­uary 2008. U.S. auto sales would reach 15.5 mil­lion this year if they stayed at Novem­ber’s rate, far higher than the 14.3 mil­lion rate in the first 10

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.