« | »

Truck, SUV Sales Are Highest In Years

From CNN’s Money.Com:

What gas spike? Americans still hungry for SUVs, pickups

By Chris Isidore, senior writer
March 1, 2011

NEW YORK (CNNMoney) — Rising gas prices did not keep Americans from buying large pickups and SUVs in February, according to sales results from leading automakers.

Industrywide U.S. auto sales shot up 27% compared to a year ago according to sales tracker Autodata. That’s well above forecasts of about a 19% increase. The sales rate was the best since the Cash for Clunkers program, and at that pace, sales could reach 13.4 million vehicles over a full year.

The month was particularly strong for the sale of light trucks, such as pickups, vans and SUVs, even in the face of higher gas prices. Truck sales rose 32% and had the best sales rate since before the financial meltdown.

Has Mr. Obama heard about these alarming statistics? Clearly gas prices still haven’t been jacked up high enough to turn Americans from their evil ways.

"We’re seeing consumer demand coming back stronger than we anticipated, along with loans and leases becoming easier to get," said Jesse Toprak, analyst with TrueCar.com.

Toprak said the two types of vehicles getting the most attention from buyers are small cars and full-size trucks, demonstrating that while fuel economy is becoming more important, there’s still a lot of pent-up demand for larger vehicles.

Obviously, some selfish people still bitterly clinging to their crazy notions about comfort and safety.

The increase in gas prices isn’t making the impact on buyers it did even a few years ago, said Paul Ballew, chief economist for Nationwide Financial

General Motors (GM) reported sales jumped 46% from a year earlier, with strong demand for the Silverado pickup truck leading the way. GM’s top-selling pickup posted a 60% gain in sales, and an 84% increase in retail sales to consumers.

And it was all accomplished without any taxpayer subsidies.

"There’s a lot of speculation about what fuel prices will do for pickups, but these people are buying for needs," said Don Johnson, GM’s vice president, U.S. Sales Operations. "I don’t see that slowing."

So is this GM exec saying that people don’t need Volts as much as they need pickups and SUVs? He should be fired for his defeatist thinking.

Sales gains were more modest at Ford Motor (F, Fortune 500) and Chrysler Group, but both reported strong sales in some large pickup and SUV models. Ford sales rose 14%, helped by a 139% jump in sales of its redesigned best-selling SUV, the Explorer. The strong demand has resulted in a shortage of Explorers in showrooms

Chrysler Group reported a 13% gain in sales, almost entirely due to the 81% jump in sales among its Ram truck brand. The redesigned Jeep Grand Cherokee SUV also posted a 31% increase in sales

There is a bit of irony in seeing the two Obama-owned car companies being saved despite his best efforts by gas guzzling, Gaia-destroying trucks and SUVs.

Nevertheless, it looks like the old adage is still holds true. ‘You can’t legislate morality.’ Not that there is really anything moral about driving around in dangerously small cars.

After all, aren’t we are supposed to be against ‘blood for oil’?

This article was posted by Steve on Wednesday, March 2nd, 2011. Comments are currently closed.

5 Responses to “Truck, SUV Sales Are Highest In Years”

  1. JohnMG says:

    …..” Rising gas prices did not keep Americans from buying large pickups and SUVs in February……”

    Help me out here. I own a small construction company and I’m faced with a delimma. But I’m sure that will be resolved as soon as a factory-installed cargo rack that will transport my 40-foot long extension ladders and 30-foot long pick boards becomes an available option for the Smart Car.


  2. GetBackJack says:

    North Dakota (Bakken) pumps record 113 million barrels of oil in 2010

    http://www.businessweek.com/ap/financialnews/D9LM1JHG0.htm call it ten days worth of our national needs, but hey … it wasn’t Saudi, Libya or Russian oil.

  3. canary says:

    Obama keeps moving up his plans on punishing car owners, and perhaps some aren’t aware he’s going to be doing things earlier. The pettiest will be a 100 dollar tax penality for V8 engines. And of course he could change that figure over night. I’ve sure noticed a hike in big trucks. I’ve always called those big 4 door full size trucks “Cowboy Cadillacs, and know I’ll never get one. My son and I looked at the Nissan’s & some other little 4 door truck, and they cost more than the large trucks. Perhaps people feel it’s the last they will have the chance to won one, but people are going to die in some of the smaller cars I’m seeing. Back seats with peoples heads only inches away from the area of impact if rear-ended. They are worse than the little Coopers. Bleep Obama.

  4. P. Aaron says:

    What about the Volt? It’s MIA!

« Front Page | To Top
« | »