U.S. Auto Sales On Pace For Gain Over Year Ago, Led By SUVs

[Purveyor]

Source: Reuters

Wed Jul 1, 2015 9:42am EDT

By Bernie Woodall

(Reuters) - U.S. June auto sales remained strong in June as sport utility vehicles and trucks again outpaced cars amid moderately low gasoline prices, automakers reported on Wednesday.

While Ford Motor Co's sales rose only 2 percent, it showed the largest increase in the market in the average price of its vehicles, industry consultant Kelley Blue Book said.

Ford's SUV sales rose 10 percent but car sales fell 3.5 percent.

U.S. auto sales, often an early snapshot into consumer spending each month, are expected to rise about 5 percent for the industry. Truck and SUV sales will again grow at a faster pace than sedans, aided by the low gasoline prices.

Read more: http://www.reuters.com/article/2015/07/01/usa-autos-idUSL1N0ZH0QR20150701

[chapdrum]

1. Great news for auto makers

-and the oil industry.
Not so great for the air. Gas guzzlers prevail!
Business as usual in Groundhog Day America.

[C Moon]

2. Agreed. I can't get over how many huge brand new vehicles drive the freeways & roads of L.A.

[passiveporcupine]

9. They would not be making them, if we wern't buying them

It is our responsibility to determine what autos are being built.

[GreatGazoo]

5. the cars get bigger and the planet gets warmer

everybody wins...NOT

[melm00se]

3. Cheap gas

equals big cars
expensive gas = fuel efficient/alternative fuel cars.

Right now you can buy a Prius for a song.

[NickB79]

7. Remember when we were all screaming about $2.75/gal being so expensive just a few years ago?

Now anything under $3/gal sends idiots rushing out the door to buy a shiny new SUV and ignore compacts or hybrids, all giddy at the idea of "cheap" gas and more horsepower.

Amazing, no?

[olddots]

4. when people feel powerless they buy powerful vehicles

a simple equation for death thru dumbth .

There are alot of 1 dollar per mile cars on the road now that not only are wasteful but insure a shitry life for anyone under 40 .

[Dont call me Shirley]

6. People never learn.

[TexasBushwhacker]

8. Park of the reason big trucks and SUVs are popular

is because they are purchased by businesses. Even though they may be used for commuting more than actual business purposes, the tax deduction rules are different for trucks than they are for cars. I've always thought that was bogus because if a real estate agent wants to drive their clients around in a Cadillac, all they can deduct is the standard mileage amount of 57.5 cents per mile. Trucks and large SUVs can be owned as assets and depreciated as such. It really encourages businesses to buy bigger gas guzzlers.

[Red1]

10. I'd Like

to be able to call those big gas hog buyers...clueless...environmental terrorists..etc.

But I have an 86' ford f150...5.8/351...that I drive occasionally...