DETROIT — Some of the auto industry’s money wagons — high-profit full-size pickup trucks and sport utility vehicles — are starting to fall out of favor as consumers migrate to other types of vehicles, analysts say.
Hardest hit is General Motors Corp., which saw sales of several full-size pickups and SUVs nosedive in June compared with a year ago.
While sales of the GMC Sierra pickup inched up, its twin, the Chevrolet Silverado, suffered an 8.1 percent drop in sales last month.
Sales of the Chevrolet Tahoe SUV fell 23.5 percent last month while demand dropped 13 percent for the GMC Yukon and 23.9 percent for the Yukon XL.
The June decline in GM’s full-size truck sales was shared by its domestic rivals, but to a lesser degree. Sales of Ford Motor Co.’s F-series pickups rose 1.3 percent last month, but demand for the Expedition SUV dipped 0.7 percent and the giant Excursion SUV saw its sales drop 10.7 percent. At DaimlerChrysler AG’s Chrysler Group, Dodge Ram pickup sales slipped 3.7 percent in June.
Among foreign manufacturers, Toyota Motor Co. reported sales of its Sequoia full-size SUV fell 16.6 percent.
For the year, demand for many large SUVs and pickups is flat or down, while overall light vehicle sales are up 2.3 percent. Lincoln Navigator sales, for instance, are off 8 percent this year.
Full Story HERE
Hardest hit is General Motors Corp., which saw sales of several full-size pickups and SUVs nosedive in June compared with a year ago.
While sales of the GMC Sierra pickup inched up, its twin, the Chevrolet Silverado, suffered an 8.1 percent drop in sales last month.
Sales of the Chevrolet Tahoe SUV fell 23.5 percent last month while demand dropped 13 percent for the GMC Yukon and 23.9 percent for the Yukon XL.
The June decline in GM’s full-size truck sales was shared by its domestic rivals, but to a lesser degree. Sales of Ford Motor Co.’s F-series pickups rose 1.3 percent last month, but demand for the Expedition SUV dipped 0.7 percent and the giant Excursion SUV saw its sales drop 10.7 percent. At DaimlerChrysler AG’s Chrysler Group, Dodge Ram pickup sales slipped 3.7 percent in June.
Among foreign manufacturers, Toyota Motor Co. reported sales of its Sequoia full-size SUV fell 16.6 percent.
For the year, demand for many large SUVs and pickups is flat or down, while overall light vehicle sales are up 2.3 percent. Lincoln Navigator sales, for instance, are off 8 percent this year.
Full Story HERE