auto dealer in black and red logo
MenuMENU
SearchSEARCH

California New-Vehicle Sales Expected to Exceed 2 Million in 2018

With the car market having plateaued after several years of increases, the California New Car Dealers Association said it continues to see increasing demand for larger, more family-friendly vehicles. But with gas prices continuing to increase, that trend could shift in the quarters ahead.

by Staff
May 23, 2018
2 min to read


SACRAMENTO, CA – The California new vehicle market is off to a solid start for 2018, according to the California New Car Dealers Association. While market conditions continue to shift on both the state and national level alike, 2018 California vehicle sales are still projected to be above two million units for the fourth straight year in a row.

According to the association’s first-quarter outlook, market share for non-luxury SUV’s continues to grow, approaching 30%, while market share for small car sales decreased from 27% to 24% since last year. 

“While the vehicle market has plateaued after several years of big increases, we continue to see the trend of consumer demand increasing for larger, more family-friendly vehicles. Consumers want more convenient vehicles to meet their transportation needs,” said California New Car Dealers Association Chairperson Taz Harvey of Dublin Mazda. “However, as gas prices continue to go up nationwide, including in California, we may see a shift in this trend.”

Light truck registrations and passenger cars have also experienced a shift in sales. Light truck sales have increased 3.7% statewide from 2017, while passenger car sales have seen a significant decrease of 11.2% from last year. This trend is reflected in both the northern and southern regions of the state, with Northern California increasing by 1.5% in light truck sales and decreasing by 12.8% in passenger cars sales and Southern California increasing by 4.5% in light truck sales and decreasing by 13.4% in passenger car sales.

Additionally, electric and plug-in vehicle sales showed a slight increase in the first quarter, accounting for 9.6% of sales. This is a minimal 0.2% increase from last year.  

Sales increased by more than 10% for 7 brands, with Toyota being the market leader and the Honda Civic coming in as the best-selling model in California during the first quarter of 2018.

More Auto Finance

Industryby StaffAugust 15, 2024

The Risk When the Customer Is Not in the Dealership

Take this series of steps to help protect your business from fraud by this method.

Read More →
F&Iby StaffAugust 13, 2024

Auto Loan Access Keeps Falling

July conditions tighter for consumers despite average loan rate decline.

Read More →
F&Iby StaffAugust 12, 2024

Dealers Wary of AI in Auto Finance

Poll shows growing aversion to technology’s accelerating part in process.

Read More →
Ad Loading...
Auto FinanceJuly 25, 2024

Is the Death Knell Being Sounded for Dealer Financing?

There appears to be a regulatory target on auto dealer-provided loans.

Read More →
Industryby StaffJuly 24, 2024

Ferrari Calls Cryptocurrency Foray a Success

Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.

Read More →
Industryby StaffJuly 16, 2024

New-Vehicle Affordability Is Up

June conditions, including best average loan rate in a year, make buying more likely.

Read More →
Ad Loading...
Industryby StaffJuly 12, 2024

Pandemic-Era Prices Affect Trade-Ins

New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.

Read More →
Industryby StaffJuly 1, 2024

Auto Credit Crunch Tightens

Borrowers taking on more debt, moving many into delinquent territory.

Read More →
Auto Financeby StaffJune 19, 2024

New Cars Within Easier Reach

Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.

Read More →
Ad Loading...
Auto Financeby Hannah MitchellJune 13, 2024

A Good Deal

Rising auto loan delinquencies, though bad news, could be another opportunity for agents to help dealers come down from pandemic highs.

Read More →