Business & Real Estate

Report: Statewide new car sales surge in third quarter

New car sales in California surged nearly 9 percent in this year’s third quarter compared with the same period in 2013, according to a report released Wednesday by the Sacramento-based California New Car Dealers Association.

CNCDA said there were 477,627 new light vehicle registrations (including fleet sales) statewide in the third quarter, compared with 438,634 in last year’s third quarter ended Sept. 30.

It marked the 16th straight quarter of growth following the auto industry’s devastating sales slide during the recession.

Through nine months this year, registrations totaled 1.39 million, up almost 8 percent from 1.28 million in the January-September period last year. CNCDA projected more than 1.8 million registrations for all of 2014, which would represent a nearly 80 percent increase over the recessionary low in 2009.

“California’s new car and truck market continues to outpace the U.S. average growth as most brands are experiencing steady, consistent increased sales,” CNCDA Chairman Randy Denham said in a statement accompanying the sales figures.

The Honda Accord took over as the state’s best-selling new model through nine months this year, edging ahead of Toyota’s Prius and Camry models. There were 56,588 Accord registrations during the period, compared with 56,295 for the Prius and 53,380 for the Camry.

Call The Bee’s Mark Glover, (916) 321-1184.

  Comments