Trucks again outpace cars in U.S. sales good sign for economy
Light trucks currently account for 51.2 percent of the economy, and have reached more than half of U.S. sales since September, according to Edmunds.com. When trucks outsell cars, its a good sign for the economy because truck sales are often tied to construction and an improved housing market.
In the Washington area, cars consistently outsell trucks, but thats the nature of the market here. (See WANADA Area Report on the latest regional sales figures here.) As is well reported, the Washington area generally fared better in the last recession than the rest of the country.
In U.S. sales for the rest of 2014 and in 2015, pickups are expected to continue selling well, according to TD Economics special report on U.S. auto sales. An improved new housing construction climate as evidenced by the level of housing starts will help support vehicle demand in this category, the report says.Download Bulletin PDF