Rising truck prices drive automaker sales in July - Rapid City Journal
Consider this: The average pickup sold for $45,700 in July, or 4. 8 percent higher than a year earlier, according to Kelley Blue Book. For the first half of the year, two of the 10 best-selling models priced above $50,000 were pickups — Ford F-Series and Ram (1500 through 3500). Most luxury brands posted big increases as automakers reported July auto sales Monday. For instance, Lexus rose 9. 1 percent, Infiniti rose 22 percent and Acura jumped 19. 5 percent. But the weakness in the ATS sedan (down 38. 5 percent) and CTS sedan (down 25. 7 percent), was partially offset by a 47 percent increase in sales of the SRX crossover, which is Cadillac's best-selling vehicle. Mark LaNeve, Ford's vice president of sales and marketing, said the average transaction price for an F-150 was $44,000 in July, or $3,200 more than last year, even though the automaker boosted incentives last month by $1,000. GM's Chevrolet brand... TrueCar, the car shopping information and research firm, estimates the industry took in a record $47 billion in revenue last month, up 2. 1 percent from July 2014. Overall, the industry's annual selling rate in July rose to 17. 55 million, raising... Source: rapidcityjournal.com
