WEST VIRGINIA AUTO OUTLOOK In-depth analysis of the current and historical trends of vehicle sales across the state of West Virginia. DATA SOURCE: REPORT SPONSORED BY: Source: Cross-Sell Interactive New Retail Sales Only, Fleet Sales Removed Q3 '23 VS Q3 '22 13.47% -9.01% 50.96% -22.57% Q4 '23 VS Q4 '22 Q1 '24 VS Q1 '23 Q2 '24 VS Q2 '23 WEST VIRGINIA QUARTERLY NEW LIGHT VEHICLE REGISTRATIONS PERCENT CHANGE VS YEAR EARLIER New vehicle registrations in the state increased by more than 50 percent in Q1 ‘24 compared to Q1 ‘23. Q2 ‘24 declined by 22 percent compared to Q2 ‘23; however, it saw more than 15 percent increase over Q1 ‘24. PERCENT CHANGE IN NEW AND USED VEHICLE REGISTRATIONS YTD ‘24 thru July vs YTD ‘23 January-July DATA SOURCE: www.cross-sell.com WEST VIRGINIA AUTO OUTLOOK NEW VEHICLES ALL USED VEHICLES 3-YEAR-OLD OR NEWER USED VEHICLES 4- TO 6YEAR-OLD USED VEHICLES 7- TO 10YEAR-OLD USED VEHICLES 33.38% 68.18% 20.71% 27.83% -2.30% In-depth analysis of the current and historical trends of vehicle sales across the state of West Virginia. WEST VIRGINIA NEW LIGHT VEHICLE REGISTRATIONS 2022 - YTD 2024 2022* 2023 2024** The West Virginia used vehicle market grew by more than 33 percent in the first half of this year compared to this timeframe last year. As shown on the graph to the side, the three year old or newer market had the biggest growth with more than 68 percent increase, this consists of model years 2021 or newer. *Historical data for West Virginia began mid-year 2022; Jul-Dec 2022 New vehicle registrations are on track to reach about 75K in the state for this year. This would be an almost 16 percent increase compared to 2023. 32,015 64,785 37,543 **January 2024 - July 2024
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