Used Trucks For Sale In Houston, Houston hits the gas on used car sales-Sales of used cars increased by 16.1% in July as higher prices for new vehicles had a strong impact on some buyers.
The people in Houston bought 70,914 vehicles that were used in July, an increase of 9,800 compared to the previous month, according to the TexAuto facts report from InfoNation, located in Sugar Land.
According to the latest monthly report, about two thirds of the cars used were sold in July, from 2015 to 2018. The most popular used car brands in Houston are Ford, Chevy, Toyota, Nissan and Honda. The inhabitants of Lesoustoniens switch to frequently used cars, because the price of new cars has increased in recent years. Security and technological functions. The average sales price of a new car sold in Houston was $ 36,294 in July; The average price was $ 33,000.
Used Trucks For Sale In Houston
“Prices for new cars and trucks are higher than ever,” said Tony Gullo, owner of several franchises in Montgomery County. “With every new model they install more mess as standard equipment, I think people are looking for this machine for one or two years to save a little money”.
Used cars have become more popular with price-conscious consumers because the quality of modern vehicles and the increase in long-term financing enable residents of Houston to drive longer.
According to TexAuto Facts, the average age of a car in the Hosuton area was 9 years, compared to 7.3 in 2000 last year. On average, Americans drive 11 years with their cars.
“A few years ago, if I had a vehicle of more than 100,000 km, they would not want to touch it again,” Gullo said. “But now people are not afraid of vehicles traveling 150,000 km if the car is good and has only two or three owners”.
Used vehicles also represent a significant cost saving, said Gullo, president of the Houston Auto Show for 35 years. A used truck that has several years can easily be half the price of a new one, he said.
Sales of new cars continue to rise in Houston, but they grow more slowly. Local dealers sold 24,200 new vehicles in July, 5.1% more than in June and 2.7% compared to the previous year.
The population of Houston has bought 170,797 new vehicles since the beginning of the year, 5.4% more than last year.
Automotive analysts expect sales of new cars to be slower for the rest of the year, due to the growing popularity of used cars and rising production costs due to the prices charged to steel and imported aluminum A design rate for foreign cars continues to worry about the automotive industry, InfoNation said in his report.
Distributors adapt to the changing tastes of automotive users.
Group 1 Automotive, the third largest dealer in the country in Houston, invested $ 3 million earlier this year to launch Val-U-Line, a series of old vehicles with high mileage that have been shipped. but now they are being overhauled and sold in dealers.
The focus on commercial vehicle sales was rewarded in July, when Group 1 recorded record profits with an 11% increase in sales of used cars in the United States. Used cars now represent 10% of the company’s business compared to the previous 4%.
Group 1 sold 28.484 used vehicles in the US in the second quarter at an average retail price of $ 20,784. Sales of used cars worldwide increased by nearly 20% in the same period last year.Changing consumer preferences for used cars can benefit dealers who can get more profit margins on used cars than new cars, Gullo said.”It’s a good thing for distributors,” Gullo said. “If you do not sell used cars, you lose the boat.” ……
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