U.S. Auto Sales On Pace For Gain Over Year Ago, Led By SUVs
Source: Reuters
Wed Jul 1, 2015 9:42am EDT
By Bernie Woodall
(Reuters) - U.S. June auto sales remained strong in June as sport utility vehicles and trucks again outpaced cars amid moderately low gasoline prices, automakers reported on Wednesday.
While Ford Motor Co's sales rose only 2 percent, it showed the largest increase in the market in the average price of its vehicles, industry consultant Kelley Blue Book said.
Ford's SUV sales rose 10 percent but car sales fell 3.5 percent.
U.S. auto sales, often an early snapshot into consumer spending each month, are expected to rise about 5 percent for the industry. Truck and SUV sales will again grow at a faster pace than sedans, aided by the low gasoline prices.
Read more: http://www.reuters.com/article/2015/07/01/usa-autos-idUSL1N0ZH0QR20150701
chapdrum
(930 posts)-and the oil industry.
Not so great for the air. Gas guzzlers prevail!
Business as usual in Groundhog Day America.
C Moon
(12,225 posts)passiveporcupine
(8,175 posts)It is our responsibility to determine what autos are being built.
GreatGazoo
(3,937 posts)everybody wins...NOT
melm00se
(4,997 posts)equals big cars
expensive gas = fuel efficient/alternative fuel cars.
Right now you can buy a Prius for a song.
NickB79
(19,285 posts)Now anything under $3/gal sends idiots rushing out the door to buy a shiny new SUV and ignore compacts or hybrids, all giddy at the idea of "cheap" gas and more horsepower.
Amazing, no?
olddots
(10,237 posts)a simple equation for death thru dumbth .
There are alot of 1 dollar per mile cars on the road now that not only are wasteful but insure a shitry life for anyone under 40 .
Dont call me Shirley
(10,998 posts)TexasBushwhacker
(20,233 posts)is because they are purchased by businesses. Even though they may be used for commuting more than actual business purposes, the tax deduction rules are different for trucks than they are for cars. I've always thought that was bogus because if a real estate agent wants to drive their clients around in a Cadillac, all they can deduct is the standard mileage amount of 57.5 cents per mile. Trucks and large SUVs can be owned as assets and depreciated as such. It really encourages businesses to buy bigger gas guzzlers.
to be able to call those big gas hog buyers...clueless...environmental terrorists..etc.
But I have an 86' ford f150...5.8/351...that I drive occasionally...