Truck Sales Outpacing Cars - Dodge Nitro Forum
Off-Topic Discussion If you have something to discuss that is not related to the Dodge Nitro, post it in here. Keep it work safe!

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 11-08-2010, 12:08 PM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,852
Truck Sales Outpacing Cars

Truck Sales Outpacing Cars

Nov 08, 2010

Trucks sales are moving at a brisk pace -- which couldn’t make the Big Three happier. But, many analysts think you should be happy about it too.

“Trucks outsold cars by the highest margin in nearly five years in October, a sign the economy may be starting to improve,” writes the Associated Press.

First, why you should be happy about the news: “Strong truck sales make economists giddy because they mean people are willing to spend money again. Small business owners feel comfortable enough to buy a new pickup truck or delivery van for their company; and regular folks are confident enough in their jobs and finances to take on beefy SUV payments,” explains AP.

Forbes explains that the news is good for the Big Three because “truck sales still account for a disproportionate amount of profit for General Motors, Ford Motor and Chrysler.”

The bump in truck sales may help explain why Chrysler is doing better than expected. Bloomberg writes that Chrysler “reported an $84 million third- quarter loss that was smaller than analysts estimated as U.S. sales improved faster than its American rivals.”

Aside from an economy on the mend, analysts say that the increase in truck sales is helped by a boost in consumer spending (personal savings rates are down compared to this past spring), affordable gas and hefty promotions. “Ford, which just wrapped up a month of zero-percent financing offers on its F-series pickup trucks, saw sales jump 24.2 percent in October,” writes AP.

Improved truck sales don’t necessarily mean that truck shoppers will see reduced incentives and discounts. Trucks and large SUVs are such profitable vehicles for car makers that there is usually a fair amount of wiggle room on the price. Plus, since incentives are what helped move truck sales up, car makers may be unwilling to turn them off. Qualified buyers can currently get 1.9 percent financing on the Chevrolet Silverado, while over at GMC you can choose from 1.9% financing or $2,500 cash back on the Sierra. Dodge is offering a dizzying array of incentives on Ram trucks, including up to $3,500 on some models in some regions.

LINK: Truck Sales Outpacing Cars - U.S. News Rankings and Reviews


Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links

  Dodge Nitro Forum > Off-Topic Area > Off-Topic Discussion

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ram Truck Brand Renews Monster Truck Racing rickaren Chrysler/Dodge/Jeep News 0 02-08-2010 10:54 AM
GM Truck News rickaren Chrysler/Dodge/Jeep News 0 06-08-2009 02:39 PM
Key New Chrysler LLC Car, Truck, and SUV Sales Grow rickaren Chrysler/Dodge/Jeep News 0 03-03-2008 03:30 PM
November Sales: We're buying cars instead of trucks rickaren Chrysler/Dodge/Jeep News 0 12-04-2007 05:09 PM
Wife's new truck wifesbombR/T New Member Introductions 4 09-20-2007 09:39 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome