Economic Impact of America’s New-Car and New-Truck Dealers
Source: National Automobile Dealers Association
From press release:

The nation’s franchised new-car and light-truck dealers recorded their eighth strongest year on record in 2006, selling more than 16.5 million vehicles, down from 16.9 million in 2005, according to NADA DATA, a comprehensive annual analysis compiled by the National Automobile Dealers Association (NADA).
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In 2006, vehicle sales continued to be driven by generous incentives, such as cash rebates, competitive pricing and attractive financing and lease options, as well as U.S. employment gains. However, higher energy prices, resulting from escalating tensions in oil-producing regions, caused consumer concern that somewhat tempered the sales pace.

According to the NADA DATA report, light trucks outsold cars in 2006 for the sixth consecutive year, 8.7 million to 7.8.million respectively, but the gap closed somewhat. Light trucks made up 53 percent of total new-vehicle sales in 2006, down from 55 percent in 2005.

Crossover Utility Vehicles (CUVs), small cars and large domestic sedans led the gains in sales last year, growing by 9.1 percent, 4.7 percent and 1.8 percent respectively. In contrast, pickup trucks fell 10.6 percent and SUVs dropped 11.7 percent for the year.

Download in sections (PDFs) or as full report (PDF; 3.22 MB).

This entry was posted on Saturday, May 19th, 2007 at 11:34 am and is filed under Business and economics, Motor vehicles. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.