Consumers renew their love affair with trucks, SUVs - ConsumerAffairs
The new vehicle sales figures for July suggests that there is no economic slowdown when it comes to buying a new car or truck. Ford had its best July since 2006 , powered higher by incredibly strong sales of trucks and SUVs. Ford trucks – the F-Series – led the way, outselling every other category and posting a 13% increase over July 2014. Van sales increased 14% last month with a total of 16,090 vehicles sold. The all-new Transit, which posted sales of 8,025 vehicles for July, drove Ford’s commercial van business to 15-year sales highs. SUVs up 11% Ford brand SUV sales of 67,282 vehicles represent an 11% increase over year-ago levels, delivering the best July sales results since 2005. Escape sales increased 10%, with 29,253 vehicles sold, representing an all-time July sales record. Ford sold a total of 222,731 vehicles last month, an increase of 5%. “With continued improvement in inventory, F-Series retail momentum continued building in July,” said Ford VP Mark LaNeve. GM joins in GM also had a banner July , with overall sales up 15%, its best showing in eight years. Again, truck sales were huge for GM, with sales of pickups rising 51%. The Silverado was. Source: www.consumeraffairs.com
