Incentives and low gas-prices bringing buyers back to pickups, SUVs,

Posted: Oct 15, 2008
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Auto sales have been taking a major beating this year. September sales were down to their lowest level in more than 15 years due to the credit crunch and the shaky economy. However, there were still little shining moments last month.

According to Edmunds, sales of pickups were up slightly while SUVs held their ground. Pickup sales accounted for 14.3 percent of total vehicle sales, up from the 13.7 percent in August. SUVs on the other hand held steady at 4.4 percent, up from their all-time low of 3.5 percent in July.

“The data over the last few months show consumers are shallow “” they”ll go and buy a large SUV when gas prices go down,” Jesse Toprak, executive director of industry analysis for Edmunds.com told MSNBC.

Last week, gas prices fell to a national average of $3.50 a gallon. This past weekend, FoMoCo enjoyed double digit growth, according to Jim Farley, Ford’s group vice president for marketing and communication.

 

Source: MSNBC


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  • Nobody Special

    One would hope that those sales figures are for people that actually use them for more than grocery shopping, bar hoping, and drive to work city driving.

    You know, like for what they were designed for, hauling goods. If not, I'd say they are hopeless for buying them.

  • Nobody Special

    One would hope that those sales figures are for people that actually use them for more than grocery shopping, bar hoping, and drive to work city driving.

    You know, like for what they were designed for, hauling goods. If not, I'd say they are hopeless for buying them.