SACRAMENTO
– The California New Car Dealers Association (CNCDA) said that registrations of
new cars and light trucks declined 42.9 percent in the second quarter of 2009 compared
to the year-ago period.
California
new vehicle registrations totaled 232,076 units in the second quarter this
year; the second quarter in a row that new-vehicle sales totaled less than
250,000 units. The report predicts that total
California
new-vehicle sales for the year
will fall below 1 million units for the first time since 1975.
“Tight credit, continued strains in the housing market, high
unemployment and concerns over personal discretionary spending, all helped
to pull the market down in the second quarter,” said Gary Shipman, CNCDA
Chairman, who also operates Toyota, Subaru and Mazda dealerships in Santa
Cruz. “The good news is that I think we have hit bottom, but it could be a
slow climb out.”
The California Auto Outlook Second Quarter 2009 Market
Report provides comprehensive information on the state’s new vehicle market
with charts and graphs. The report includes: a segment watch, including the top
10 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.