Truck, SUV sales on the rise
Consumers have shifted gears to trucks and sport utility vehicles, a turnaround from the summer when $4-a-gallon gasoline prices cooled demand for boxy, fuel-gulping automobiles.
With gas prices under $2 for nearly a month, car buyers are veering away from smaller, fuel-efficient vehicles that became the rage earlier this year, local dealers are reporting.
Truck and SUV sales are on the rebound, they say, citing three contributing factors: The dip in gas prices, the winter season and the lingering deals and rebates on larger vehicles.
"People are looking at those cars a little more differently," said Ruth Lemmon, president of the West Virginia Automobile and Truck Dealers Association."They buy vehicles based upon their need, particularly in our climate here. Once you have a couple of slick days, people start looking for a vehicle that can handle the weather here.
"The weather has so much influence. Some folks might have gotten rid of their SUVs last year and are now saying, 'Wait a minute. I need this.' "
Plummeting gas prices also have helped fuel interest in bigger vehicles. According to national data, truck sales accounted for 52 percent of all vehicles purchased in November, as gas prices declined. That marks a 3 percent increase from October, when gas prices averaged more than $3 a gallon.
Views:0
- China's New Energy Heavy Trucks See Record Sales in 2024 2025-02-14
- XCMG New Energy Mining Truck XGE110 Delivered in Bulk to Northwestern Market 2025-02-13
- January Heavy Truck Sales Drop 28% YoY to 70,000 Units 2025-02-06
- XCMG Exports 300 Heavy Trucks to High-End Overseas Market 2025-01-20
- November 2024: New Energy Light Truck Sales Hit 14,000 Units in China 2024-12-19
- November 2024 Sees Surge in New Energy Heavy Trucks in China 2024-12-12
- LANDKING ER: 200km Range, Setting a New Benchmark for Electric Mini Truck 2024-12-11
- LANDKING EH: Setting New Standards for Green Logistics 2024-12-04
- Heavy Truck Sales Reached 56,000 units in First Three Quarters 2024 2024-11-11
- XCMG Exports a Large Batch of Electric Mining Trucks to Africa 2024-11-04
Submit Your Requirements, We Are Always At Your Service.
- Dongfeng Introduces 2025 New Products and Technologies to Global Dealers
- GAC Hino Showcases New Models at 2025 GAC Int'l Partner Conference
- Foton and Teld New Energy Form JV to Drive New Energy Heavy Truck Development
- JMC Overseas Sales Surge
- Indonesian Ambassador to China Visits Shaanxi Automobile
- FOTON Launches the "Auman Galaxy Global Experience Tour"
- Geely Expands into Pakistan with New Partnership
- Zhizi Auto Successfully Holds 2025 Product Launch Event
- FAW Jiefang and CATL Sign Strategic Partnership Agreement
- Driving Green Economy Forward: ABA Bank Partners with ZO Motors Cambodia
- China's New Energy Heavy Trucks See Record Sales in 2024
- January Heavy Truck Sales Drop 28% YoY to 70,000 Units
- November 2024: Heavy Truck Sales Hit New Highs
- November 2024: New Energy Light Truck Sales Hit 14,000 Units in China
- November 2024 Sees Surge in New Energy Heavy Trucks in China
- Heavy Truck Sales Reached 56,000 units in First Three Quarters 2024
- Heavy Truck Sales in September 2024
- Heavy Truck Sales Reach 59,000 Units in July in China
- Tractor Sales in H1, 2024 Reached 162,100 Units, Up 4%
- China's Truck Export Reaches 351,076 Units in H1 2024