Thursday, July 23, 2015

Area new-vehicle sales rise 7.1 percent — finally

After three straight months of slight declines, new-vehicle sales in the Dallas-Fort Worth area grew by a health 7.1 percent in June.
The jump in June also pushed sales for the first half of the year into positive territory – now up a modest 1.5 percent, according to the Freeman Metroplex Recap of new-vehicle sales.
Most years, the weather in North Texas facilitates new-car sales, remaining fairly moderate in the winter and mostly dry in the spring.
But the 240 or so dealers in the area struggled with a cold, sometimes icy winter this year, as well as an unusually wet spring.
With the arrival of summer, sales appear to be catching up, though – at least in the urban counties.
The overall increase in June was nearly twice that of the 4 percent sales growth nationally.
Dealers in Tarrant County reported an 18.4 percent increase in sales in June, while new-vehicle transactions in Dallas County rose 9.8 percent, the Freeman Recap said.
Those sales included retail and fleet purchases.
While urban dealers seemed to bounce back in June, business in the suburbs continued to be slow.
New-vehicle sales were down 13 percent in Collin County and 12 percent in Denton County, according to the Freeman Recap.
Dealers say they expect the sales increases that began in some areas in June to continue through at least July.   
Terry Box/ Dallas Morning News