Banking & Finance

Auto Dealerships See Gain for First Time in 2018

YOUNGSTOWN, Ohio – For the first time this year, auto sales in the Mahoning Valley increased year-over-year, according to data from the Greater Cleveland Automobile Dealers Association.

For combined new- and used-car sales, 4,962 vehicles were sold in the area in October, a 3.4% gain. While a modest increase, it breaks a nine-month streak of decreasing sales.

New-car sales, however, continued to slip as 2,732 were sold last month to buyers living in Mahoning, Trumbull and Columbiana counties, 17 fewer vehicles than a year ago. Used-car sales rose 11% to 1,935.

Across the association’s 22-county membership area, combined sales were up 10.3%.

Locally, Sweeney Chevrolet in Boardman led new-car sales with 203 delivered to customers, two more than a year ago. Following were Greenwood Chevrolet, Austintown, with 178; Boardman Subaru, Boardman, with 161; Stadium GM, Salem, with 138 and Sweeney Buick GMC, Boardman, with 137.

Only two of the Mahoning Valley’s top-10 dealers posted a drop in new-car sales from October 2017. Greenwood Chevy sold five fewer new cars and Taylor Kia of Boardman reported 106 sold, down two from last year.

For used-car sales, Greenwood Chevy led the three-county area with 127 delivered.

Published by The Business Journal, Youngstown, Ohio.