Monthly Update: Vehicle Sales
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Houston-area dealers sold 357,467 new cars, trucks, and SUVs for the 12-month period ending in November ’24, according to TexAuto Facts, published by InfoNation, Inc. This represents a small increase over the 356,293 vehicles sold during the comparable 12-month period ending in November ’23.
Total vehicle sales were also slightly up on a year-to-date basis, putting ’24 on pace for the most sales since ’15.
Overall vehicle prices have increased for the first time since August.
• The average retail price for all new vehicles was $51,396, up from $50,934 in November ’23.
• The average retail price for a new car sold was $41,183, up from $39,453 in November ’23.
• The average price for a new truck/SUV was $53,956 down from $54,196 in November ‘23.
Trucks and SUVs accounted for 79.1 percent of all new vehicles sold in August and cars for 20.9 percent.
Prepared by Greater Houston Partnership Research
Patrick Jankowski, CERP
Chief Economist
Senior Vice President, Research
pjankowski@houston.org
Colin Baker
Manager of Economic Research
bakerc@houston.org
