Tag Archives: dealerships

Kitsap retail sales jumped 11 percent in second quarter

Q2.retail.graphicTaxable retail sales in Kitsap County took a big jump in the second quarter of 2015, increasing 11 percent from the same quarter of 2014.

That was the largest year-over-year jump in quarterly sales for the county since the start of the recession.

Sales totaled more than $963 million in the second quarter, according to the Department of Revenue. 

Statewide, retail sales reached $33.9 billion, marking a 9.4 percent increase from the same quarter of 2014.

Retail trade sales

retail trade sales

Sales reported by Kitsap’s retail trade industry in the second quarter were up 10 percent from the same period of 2014.

Retail trade accounted for about $512 million of Kitsap’s taxable sales in the second quarter.

Retail trade sales include sales made by stores, dealerships, online sellers and other traditional retailers.

County comparison

Here’s a look at how Kitsap’s second quarter sales stacked with other Puget Sound counties:

 

Kitsap highlights

The auto, building material and construction sectors continued their resurgence, posting double-digit increases from the second quarter of 2014.

Though a much smaller player by sales volume, manufacturing enjoyed a 19 percent increase in taxable sales.

Here’s a look at year-over-year growth for a few major industries in Kitsap:

Sales by industry

And finally, I’ve posted a full breakdown of second quarter retail sales by industry for Kitsap County:

Receivership ends for Courtesy Auto properties

A painful but potentially rejuvenating process has come to an end on Poulsbo’s Viking Avenue.

A Kitsap County Superior Court judge approved a motion June 26 terminating receivership for the former Courtesy Auto Group properties.

All told, six parcels formerly owned by the Hern family have been sold since 2013, fetching about $4.6 million.

The properties were home to a number of Courtesy Auto dealerships, forming the core of Poulsbo’s once-bustling automotive corridor.

Union Bank successfully petitioned the court to appoint a receiver for the properties in 2011, seeking repayment of a $10 million loan made by Frontier Bank to the Herns in 2009. Union Bank took over the loan after Frontier failed in 2010. 

Here’s a look at the Courtesy Auto properties sold and what businesses are there now:

1. Chevrolet building — $1.4 million

imgresSold on: April 10, 2013

Sold to: Christina and Scott Hensrude

Current assessed value: $1.09 million

Description: 1.43 acres with a 16,350-square-foot showroom at 19873 Viking Ave. NW, on the southwest corner of Edvard Street and Viking.

Now home to: Abra Auto Body and Glass.

2. Suzuki building — $375,000

427335_3418875_ver1.0_640_480Sold on: Sept. 23, 2013

Sold to: Janice and Kevin Krieger, and Lisa and Steven Stirrett

Current assessed value: $239,100

Description: One-third acre with a 1,600-square-foot showroom at 19568 Viking Ave., across from the Food Mart and Los Cazadores.

Now home to: A smoke shop and hookah lounge called Up In Smoke. Continue reading →