Who is spending right now? We are waiting for all the new carbon taxes that will drive energy up.
Another insight into the medium and heavy truck sales;
Truck dealers banking on parts and service
http://fleetowner.com/management/truck-dealers-parts-services-0409/
“Our new truck sales are down, compared to typical years, because of this depressed economy,” Brad Wilson, president of Sioux City Truck Sales, Inc., told FleetOwner. “[But] our parts and service business is helping us survive. Our dealerships are also seeing increasing business from other than traditional [long-haul] trucking companies, such as private carriers plus vocational customers in manufacturing, distribution, and refuse collection. They are a growing segment of our customer base.”
“This is a sign that our customers are running their vehicles longer and must spend more on parts and maintenance.”
“With heavy-truck sales in decline, [we must] focus on tackling a ‘crisis of confidence’ in truck retailing that is making it difficult for some new-truck dealers to sustain daily operations,” he said in comments released ahead of the ATD annual convention in Washington, D.C. “The number-one1 issue right now is lack of consumer and corporate confidence,” he noted. “
I noticed today, that the major dealers’ used car lots have thinned.
Worse
Yeah and when Obama gets his rail system running, it might get worse - maybe that’s his evil plan (I’m being somewhat sarcastic but not totally).
I was looking for data on truck sales because the local car lots are sticking all the trucks in the front rows, and little is selling. The Democrat’s economic and energy policies are ruining the automobile business.
Have you seen any info on the number of dealerships that have gone out of business or merged with another one? I know of two major dealerships in the Houston area that have gone out of business and a 3rd that has been bought out by another dealership.
Eventually, the iron will wear out.
Folks will need to replace their vehicles.
The only question:will people buy cars made by Big Union?
I’ll buy a new vehicle from GM when I get the receipt showing that as a taxpayer, I am also a shareholder in their company. In other words....never again.