NEW CALIFORNIA LIGHT VEHICLE REGISTRATIONS ROSE 12.5% IN 1H
(The following press release from the California New Car Dealers Association was received by e-mail and was reformatted. The sender verified the statement.)
FOR IMMEDIATE RELEASE: August 16, 2013
California Leads the Pace of Recovery around the Nation
SACRAMENTO - The California New Car Dealers Association (CNCDA) reports that new light vehicle registrations have increased 12.5 percent during the first six months of this year versus a year earlier, higher than the 7.7 percent improvement in the U.S. market. California's franchised new car dealers have sold over 850,000 new units so far this year, of which nearly 63 percent are passenger cars. Domestic brand registrations have increased 19.3 percent and their market share increased 1.7 points.
California's hybrid retail market continues to rapidly increase. Mid-year retail registrations for new hybrid vehicles hit over 59,000 units - nearly five times more than the next closest state's. "California motorists are increasingly taking advantage of the diverse choices and fuel efficiency benefits of hybrids without compromising their lifestyle." said Brian Maas, President of the California New Car Dealers Association.
California's new vehicle market continues to outpace the used market, as used registrations in the state declined 5.3 percent during the first six months of this year versus a year earlier. Franchised new car dealerships continue to increase their share of the overall state used vehicle market accounting for 18.6 percent of the market, versus 17.5 percent last year.
The California Auto Outlook Second Quarter 2013 Market Report provides comprehensive information on the state's new and used vehicle market with charts and graphs. The report includes: a segment watch, including the top 5 models in each segment; a market perspective, comparing California nationally; brand scoreboards; a regional recap and more. The complete report can be accessed on CNCDA's website at www.cncda.org [http://r20.rs6.net/tn.jsp?e=001fZ_TQ6dH4c4pTmlHheOgM1eWi_hPh8m52nlTAItHSvW-H2uu dEObT0_Uy_FaANIc6jGA8fwsynK0v19O5_jHDJjvQkC0bbTywgrFW3DGaFCu3XN7-_eHzg==].
California Auto Outlook, is produced for CNCDA by Auto Outlook, Inc., an independent research company specializing in the analysis of statewide and regional automotive markets. When reporting these auto industry trends please acknowledge the data source: Polk.
About CNCDA The California New Car Dealers Association is the country's largest state association of franchised new car and truck dealers representing nearly 1,100 dealer members. Last year California's franchised new car dealers sold over 2 million new and used cars and trucks.
1415 L Street, Suite 700 | Sacramento, CA 95814 | 916.441.2599 | www.cncda.org
CONTACT: Kim McPhaul (916) 441-2599 office firstname.lastname@example.org