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Cheap Gas, Cheap Loans Push Pickup Truck Sales Into Orbit

2020-05-05 4 Dailymotion

New figures reveal the wave of pickup truck sales has officially become a tsunami.<br />Business Insider reports that sales of pickup truck officially beat out passenger car sales in April.<br />Five years ago, car sales had an advantage of about 500,000 units per month.<br />Since then, Detroit's Big Three automakers have begun prioritizing truck sales over small cars.<br />Also, gas has gotten cheaper and cheaper, so it's likely buyers aren't worrying about buying what's efficient — only what's big.<br />Truck sales were also helped along with 0% financing offers that could stretch out the loans for as long as seven years.<br />Even in a pandemic there are some offers too good to pass up. Charlie Chesbrough, Sr. Economist, Cox Automotive

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