(The following press release from the California New Car Dealers
Association was received by e-mail and was reformatted. The sender verified the
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
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:
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
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