Truckonomics: Truck Sales Shift Into High Gear

Wed, 10/05/2011 - 04:18 EDT - Seeking Alpha

Mark J. Perry

By Mark J. Perry: More than 7 millions light trucks were sold in September, which was the highest monthly sales count for trucks in 3 and-one-half years going all the way back to March of 2008 (see chart above). September truck sales were up by 9.5% compared to August and up by 20.3% compared to last September. Why are truck sales important? According to AutoNation Chairman and CEO Mike Jackson: I've always said, when you want to know when this economy is going to turn, just watch the pickup sales. All those sales are small businesses and entrepreneurs, and when they see the prospect for better business, they're going to go out and finally buy a new pickup truck. So this is a key indicator of what's going on in the U.S. economy. This is small business America saying that the worst is over, I see opportunities in the future, I feel confident enoughComplete Story »

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Truckonomics: Truck Sales Shift Into High Gear
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(DETROIT) — Chrysler’s U.S. sales rose 5% in March as the company sold more cars and trucks than in any month since the Great Recession began in December of 2007. The strong numbers are another sign that Americans are buying cars in increasing numbers as their financial situation improves. U.S. car and truck sales are estimated to have reached their highest level in nearly six years in March, as buyers armed with tax refund checks were lured by flashy new vehicles and low interest rates.
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Truckonomics: Truck Sales Shift Into High Gear

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