Newspaper article THE JOURNAL RECORD

Metro Area Auto Sales Decline 2.9%

Newspaper article THE JOURNAL RECORD

Metro Area Auto Sales Decline 2.9%

Article excerpt

Even though demand for used cars and light-duty trucks continued unabated in May, total sales by franchised new car dealers fell from last year.

Sales were up, however, from April.

There were 10,202 units sold in May, down 2.9 percent from the 10,515 sold in May 1994 and up 26.3 percent from 8,074 sold in April, figures released Wednesday by the Metropolitan Auto Dealers Association show.

Sales and retail leases of new cars and light-duty trucks dropped, while sales of used cars and light-duty trucks were up from May 1994. Sales in all three categories were up from April.

The report maintains separate sales categories for new cars and new light-duty trucks, while combining the sales of used cars and light-duty trucks into one category. The trucks category includes pickups, conversion vans, minivans and sport utility vehicles.

May sales figures, though, are somewhat misleading, according to Bill Roby, association's executive director.

"We have noted a downward trend for some time," Roby said. "When you look at these figures, you've got to realize that the numbers are down slightly from a peak period.

"May 1994 was the best May we've had since we began keeping records, and I believe the first few months of 1994 were the best period we've had since we began keeping records.

"Also, we sold more than 10,000 units last month, which is a good month. We've been having some good months; we're just down from a peak period.

"Maybe it's better if we compare with 1993 sales, because that year is more like 1995 is."

The 10,202 units sold in May was up 9.3 percent from the 9,333 units sold in May 1993.

There have been 43,492 total units sold during the first five months of 1995, Roby said, down 8.5 percent from 47,548 units sold in a comparable period of 1994. This was up, however, 4. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.