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Brisk Pickup Sales May Prophesy Good Things for U.S. Economic Recovery



2010 Ford F-150 Harley Davidson

2010 Ford F-150 Harley Davidson

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Happy days are here again! Wait… Maybe not exactly, but U.S. pickup truck sales have surged above analysts’ predictions!

 

During the “Great Recession,” U.S. pickup sales, as a percentage of total units sold, dipped down into the single digits for the first time in many, many moons. The folks at our flagship blog The Car Connection recently posted on a Wall Street Journal article reporting that March 2010 sales of some individual pickup models are showing vast improvements over the same month in 2009.

 

For instance, sales of the Ford F-150 were up 30% over March 2009. March sales of Chevy Silverado and the GMC Sierra were up 27 and 22%, respectively, over last year. Even rosier, the entire pickup segment showed a 20.8% year-over-year increase in sales.

 

The good news gets even better when consider that the health of the U.S. pickup truck market is closely tied to that of the construction and real estate markets. The fact that pickup sales have rebounded so much may well be a positive indicator of some much needed recovery in the U.S. economy as a whole.

 

For additional details on the WSJ article, head on over to The Car Connection for the complete post.

 

[Source: Wall Street Journal via The Car Connection]

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