Do Pickup Truck Sales Portend an Economic Recovery?

How might pickup truck sales indicate brighter days ahead for the economy? Pickup sales make for an unofficial barometer of economic well-being, and trucks have made a bit of a comeback recently. Americans bought 151,000 pickup trucks in May, a 19% increase over last year.

Think about it like this: When the economy is healthy, contractors, landscapers and other businesses that carry tools and cargo have more business. The better they’re doing, the quicker they are to expand fleets or replace aging trucks with new ones. The more homes getting built, heating and cooling systems installed or lawns landscaped, the more these companies will need trucks for the jobs.

Pickup trucks hit a sales peak of 2.5 million in 2004 when housing prices were soaring and builders couldn’t erect new homes fast enough. After the collapse of the housing bubble, $4 gas and the economic crisis, truck sales plummeted to 1.1 million in 2009, the lowest figure in 18 years.

Pickup trucks now seem to mirror the economy at large by showing modest but determined gains. Americans purchased 11% more trucks during the first five months of 2010 than it did in the same period of 2009. Ford’s new Super Duty, aimed at construction and building trades, seems off to a particularly sharp start.

Only time will tell if pickups and the economy continue this relationship.

Pickup Sales Picking Up and Economy Hitches a Ride (Detroit News)



I wouldn't be surprised if our President started to claim such. I'm starting to feel sorry for the man as he looks lost.


I just don't believe it. Roughly half of pick up drivers don't use their truck for anything except putting on a Salt Life sticker and 20" rims.

great post!
really sounds interesting..where can i find more information with regards to this topic?

Post a Comment 

Please remember a few rules before posting comments:

  • If you don't want people to see your email address, simply type in the URL of your favorite website or leave the field empty.
  • Do not mention specific car dealers by name. Feel free to mention your city, state and brand.
  • Try to be civil to your fellow blog readers. This blog is not a fan or enthusiast forum, it is meant to help people during the car-buying process and during the time between purchases, so shoppers can keep a pulse on the market.
  • Stay on topic. We want to hear your opinions and thoughts, but please only comment about the specified topic in the blog post.
view posting rules

If you have a TypeKey or TypePad account, please Sign In

Search Results

KickingTires Search Results for

Search Kicking Tires

KickingTires iPhone App