Washington area sales up 3% for second quarter
Continuing their upward curve since the Great Recession, Washington area sales rose 3 percent in the second quarter. Figures are from WANADAês Area Report, based on R.L. Polk new-vehicle registration data. Nationwide, where sales had fallen much farther during the recession, second quarter sales were up 7 percent in the second quarter. (U.S. figures are taken from NADA/Wardês Automotive.) The second quarter increase here and nationwide also represents a reprieve from the sluggish sales of the first quarter of the year that were hampered by harsh winter weather.
Second quarter sales in DC and 11 local jurisdictions in suburban Maryland and Northern Virginia totaled 87,854. Sales were strongest in May (30,917) compared with April (29,265) and June (28,931). April sales jumped 7 percent from a year ago.
In keeping with the pattern of many years, imports constitute a high percentage of new vehicle sales in the Washington area than nationally. About 80 percent of cars and 54 percent of light trucks sold in the second quarter in the Washington area were import brands. Those figures are up from last yearês 77 percent for cars and down from 60 percent for trucks. Nationally, imports also outpaced Detroit Three sales, at 54 percent versus 46 percent, but with a much smaller gap than locally.
Car sales were just about even with trucks in the Washington area in the second quarter, with cars having a slight edge, at 50.3 percent versus 49.7 percent for trucks. The gap was more pronounced a year ago. In second quarter 2013, cars were 54.3 percent of sales compared with 45.7 percent for trucks. Nationally, trucks sold better in 2014, at 52 percent of the market; cars were 48 percent. U.S. sales are for January through June, but the trend still holds.
For the complete report on third quarter Washington area sales, WANADA members can click here and log in with their email and password.Download Bulletin PDF