Rising Gas Prices Hurt Truck Sales
The New York Times reports:
As with sport utilities, the popularity of pickups is in decline. Sales have dropped, rebates and other incentives are climbing, even for companies like G.M. and Toyota that have the newest models on the market...truck sales are down 5 percent so far this year from a weak market last year. That is more than double the overall decline in industry sales, which are down 2 percent this year.
Because of the decline, automakers expect pickups to post their lowest sales this year since the beginning of the decade, even with incentives.
"We used to have a lot of people getting out of an S.U.V. and into a truck," said Scott Satiritz, general sales manager at Massey-Yardley Chrysler Dodge in Hobe Sound, Fla. Now, he said, "the average customer is not buying a pickup."
"They're into economy cars because of the mileage. Gas prices have really hurt."
Stay in touch
Sign up for our free newsletter
More from Streetsblog New York City
Friday’s Headlines: Canal Street Follies Edition
Manhattan Borough President Mark Levine isn't happy. Plus other news.
Daylight Again: Bronx Community Board Backs Parking Ban at Intersections
The Boogie Down is down with daylighting!
Community Board Wants Protected Bike Lane on Empire Blvd.
Brooklyn Community Board 9 wants city to upgrade Empire Boulevard's frequently blocked bike lane, which serves as a gateway to Prospect Park.
The Brake: Why We Can’t End Violence on Transit With More Police
Are more cops the answer to violence against transit workers, or is it only driving societal tensions that make attacks more frequent?
Report: Road Violence Hits Record in First Quarter of 2024
Sixty people died in the first three months of the year, 50 percent more than the first quarter of 2018, which was the safest opening three months of any Vision Zero year.
