Utah’s Economy: Retail Sales Recovery

Utah's Economy June 2014Retail sales in Utah are slowly recovering. Sales peaked at almost $30 billion in 2007, then plummeted over the next 24 months by $8 billion – a 25 percent decline. The contraction was led by the collapse of auto and truck sales, which dropped from an all-time high of 115,000 vehicles in 2007 to 66,000 in 2009. fittingly, it is auto and truck sales that are leading the recovery. This year auto and truck sales are expected to hit 113,000 vehicles with a value of $5.6 billion. Vehicle sales typically account for about 20 percent of all retail sales in Utah. General merchandise captured nearly 25 percent of all sales in 2013.

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