SUV Sales Boom, Hybrid/EV Totals Fall, Because Gas Is Cheap Right Now, But Also Cheap Forever

[hatrack]

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Ford Motor Co., the second-biggest player in the United States by market share, reported a 5 percent increase and the greatest sales volume since 2006. "Consumer demand for our newest vehicles made August a strong month for Ford," Mark LaNeve, vice president for marketing, sales and service in the United States, said in a statement. "We also had our best month of Ford SUV sales in 12 years."

Like cross-town rival Ford, which saw sales of its brawny Mustang and immense Lincoln Navigator models jump 70 percent or more, General Motors Co. and Fiat Chrysler, the smallest by market share of the former U.S.-owned and so-called "Big Three," reported sharp increases in demand for many of their largest vehicles.

General Motors sold more than a quarter of a million cars in August, down from the same month last year, but buyers snapped up Chevrolets, pushing the brand's truck sales up for the 16th month straight. Sales for Chevrolet's Silverado climbed 20 percent, and Tahoe deliveries rose 5 percent; it was the best performance for both models since 2008. And GMC, the maker of freight-hauling, burly pickups, had its best month since 2005, the company said.

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n the same report, officials from the Federal Reserve Bank of Kansas City, which covers central Plains states between Wyoming and New Mexico and Missouri and Colorado, described flagging interest for more fuel-efficient cars. "Dealer contacts noted increased sales of larger vehicles such as trucks and SUVs, and slower sales for small and hybrid cars," the bank said. "Auto inventories fell modestly, although most contacts expected levels to rebound in the next six months." The latest figures from the Electric Drive Transportation Association, a trade group that advocates electric, electric-hybrid and fuel-cell car technology and infrastructure, reveal a diminished share of the car market. Cars that either partially or entirely use electricity to function make up slightly more than 3 percent of the U.S. auto market, the lowest share since 2011 and a sharp contraction from 3.5 percent last year, according to EDTA.

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http://www.eenews.net/stories/1060024321

[phantom power]

1. ...

[Nihil]

5. +1 (n/t)

[progressoid]

2. Well maybe I can get a good price on a economy vehicle then?

[Binkie The Clown]

3. The average person cannot see beyond tomorrow,

and for most, tomorrow looks like it will be a carbon copy of today, only with rainbows and unicorns and cheap gas.

Few realize that "happy motoring" has no future.

[Nihil]

6. May their(*) short-sightedness come back to bite them in the arse - sooner rather than later.

No doubt the dumbshits will still whinge about "tragic expenses" and
"unaffordable commutes" when the inevitable price return happens.

Fuck 'em.



(*) "their" = "morons buying SUVs because fuel is cheap now"
(Just to clarify who I am pouring scorn upon.)

[cprise]

4. Mark my words: These prices are politically driven

to weaken USA's declared enemies.

[Nihil]

7. ... and blow-back will happen ...

... like in Afghanistan, Iraq, Libya, Syria, Somalia, Vietnam, Korea, ...