U.S. automakers may not sell as many vehicles as it did in 2015, a record-breaking year for the industry. But truck sales are a another matter.
Automotive News reports this year automakers are on pace to sell more than 10 million light trucks in a single year for the first time ever. At the same time, sedan sales are expected to fall below 7 million for the first time since 2011.
So this is definitely shaping up to be the year of trucks, crossovers and SUVs. If low gas prices continue, and with SUV sales still rising, 2017 is looking good for all of the above, too.
Overall, automakers are expected to sell about 17.4 million vehicles this year. Not as many as in 2015. But light-truck sales were 7.1 percent higher this year over the this time last year according to Automotive News Data Center numbers.
Meanwhile, October numbers were down for automakers as expected – but on the bright side, they didn’t drop quite as much as expected thanks to continuing incentives.
Trucks were definitely a bright spot especially for Ford. The automaker posted a 12-percent overall decline in October. But at the same time Ford’s F-Series pickup sales increased 0.1% for its best October since 2004.
Automakers are hoping to keep people buying through the end of the year. Ford’s already decided to try to regain some ground by launching an early Black Friday Clearance Sale. Deals include $1,000 “Black Friday Cash” rebates on 2016 and 2017 model-year vehicles.
Chevrolet is running special deals early, too. It’s extending a 20%-off sale on some 2016 models and offering several thousand dollars in cash back across many 2016 and ’17 models.
By the way, the Chevy Volt outsold Tesla’s flagship sedan in October by more than 1,000 vehicles.
Photo Credit: Ford