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Auto sales fall, but trucks & SUVs remain popular

Auto sales fall, but trucks & SUVs remain popular

DETROIT — Unemployment is down, consumer confidence is up, and gas prices and interest rates are still low. Even so, U.S. auto sales fell 3 percent last month, the Los Angeles Times reported.

It was the sixth straight monthly decline as sales dropped off last year’s record pace. For the first six months, car and truck sales fell 2.1 percent, the first such decrease since the financial crisis in 2009.

But auto executives and industry analysts say it’s no cause for panic. Sales are still strong and aren’t expected to plunge anytime soon. Plus, buyers are still loading out trucks and SUVs with high-priced options, and that’s likely to boost earnings, at least in Detroit.

The full story is available at the Los Angeles Times.

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About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

One comment

  1. Don’t know how anyone can afford a new truck unless you’re very high income. The cost is just the beginning, then you have the high sales tax, in our county $4000 to $4500 extra, then we have high property taxes on vehicles and they’re based on the MSRP, not what you pay, plus your tag, plus the higher insurance rate, which is also based on the MSRP. Why we’re still driving a 14 yr. old Duramax diesel.

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