Skip to comments.Trucks, SUVs power strong auto sales in October
Posted on 11/01/2011 11:09:30 AM PDT by Hunton Peck
DETROIT (AP) -- Car buyers were out in force in October, snapping up trucks and SUVs and taking advantage of deals on Japanese cars.
U.S. car and truck sales were expected to top 1 million in October, a surprising number for a month when sales are usually slow. When adjusted for seasonal factors, that would be the best pace since the Cash for Clunkers program in August 2009.
Pent-up demand drove October sales. Japanese inventories are finally reaching normal levels after the March earthquake and tsunami in Japan. Many buyers who spent the summer waiting for Japanese cars could finally....
Trucks and SUVs were the big winners for Detroit automakers. Ford Motor Co. said sales of its Explorer SUV more than tripled from a year ago, while F-Series truck sales were up 7 percent. Ford's overall sales were up 6 percent from a year ago, even though its car sales fell 8 percent.
(Excerpt) Read more at finance.yahoo.com ...
Related: Obama to Detroit: "You Can't Just Make Money on SUVs and Trucks" (8/15/2011).
Greens hardest hit.
“You can’t just make money on SUVs and trucks” Obama cried. Leftists have size envy issues. It’s not that leftists want a truck, they want to ban you from having one.
Get gas down to $2/gallon and watch what happens with truck and SUV sales! Obabma will blow his top.
I saw my first Volt yesterday at a red light. They were right next to me. Two angry looking women. I laughed so hard I thought I’d have a coronary.