With gas prices down a bit this fall, truck and SUV sales conveniently appear to be on the rise. Trucks back in May accounted for about 9.2 percent of auto sales, while September truck sales accounted for about 14.1 percent of sales. The peak of truck sales was back in July of 2005 when sales accounted for about 18.2 percent of total sales according to JD Power and Automotive News.
Pickup and SUV sales have also been helped by incentives. As truck sales have slowed over recent months, manufactures have offered huge discounts on these vehicles to help increase sales, especially among Chrysler, Ford, and GM models. Even Durango CO Chevy dealers have drawn-in customers from such inventive programs.
Despite small sales increases in vehicle sales, all automakers are still rushing to add smaller, fuel efficient models, which is exactly what has helped dealers such as Honda Denver dealers thanks for their attractive compact lineup. In fact, automakers are planning for the worst, and vehicles currently coming down the pipeline are based on high future gas prices, not lower gas prices. While automakers are rushing to supply these cars, dealers such as Richmond Used Cars are biding their time selling a high volume of high-value used cars.
When it comes to gas prices and demand, automakers will continue to work on getting incentives in-line with demand, which is good news for Bob Watson Chevrolet and other dealers who are eager to move slowing inventory. With the cost of fuel remaining a huge concern among consumers, expect more incentives on gas-guzzling vehicles even despite the sales increases. Continue reading ‘Truck and SUV Sales Up Slightly’
