The automotive industry experienced a usual upswing of 8.4% last year in North Texas.Collin County’s sales figures soared up by 17.1 % and Dallas County’s by 14.7% as against the area sales which were in single digit for Counties like Denton and Tarrant. Source: Freeman Metroplex Recap of new automobile sales. The President for Dallas- Fort Worth Metropolitan New Car Dealers Association, Mr. Lee Chapman says that the gradual increase in the sales in this area does not come as a surprise. This area has not seen a major decline even during the recession where automobile sales had gone terribly in all the other cities. So it does not come as a surprise that the area has grown this much now when the sales all of the world are good. The last quarter of 2010 was a good time for automobile sales. Keeping that in mind, Mr. Chapman is expecting increased sales for the year 2011.
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If the sales figures are consistent as expected in 2011, the area dealers would be in a position to gain better profits and hold a good positioning in the markets.11.6 million vehicles were sold nationally, resulting in a rise of 11 % as compared to 2009. Experts forecast the sales to rise by 11.5 to 12 million in the current year and 14 million post 2012.Freeman Recap’s research shows that sales’ figures touched 17 million nationally and above 355,000 in the four-county Dallas-Fort Worth area, Local sales transcended over 253,000 last year, currently more than 100,000 short of the previous high in 2005.With domestic automakers locking up more than a dozen factories and laying off thousands of workers, the story has a different twist entirely.
Chapman claims their growth will probably be steady, not explosive but it will be solid, healthy growth.
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