Are the economic successes of Wall Street not being passed down to Main Street? Are concerns over the future post-November direction of the country fostering caution in the minds of consumers? Did certainty regarding forthcoming autumn incentives postpone summer purchases?
And might the benefits of a burgeoning midsize pickup truck class finally be inhibiting demand for full-size pickup trucks?
Whatever the reason, U.S. sales of full-size pickups declined in the summer of 2016 after growing much faster than the overall market coming out of the recession.
In fact, in August 2016, all six nameplates in the category produced fewer sales than they did one year earlier. During the same period, sales of midsize pickup trucks jumped 39 percent. (Read More…)