Full-Size Pickup Sales Improve with Housing Market Recovery
According to Automotive News, the sale of full-size pickups will likely increase as the housing market eventually recovers, catching up to the rest of the economy. Pickup sales and new-home construction have always thrived and suffered in step with each other, as contractors and builders rely on full-size pickup trucks to haul lumber, plywood sheets, and other housing materials.
Full-Size Pickup Truck Sales Back on the Rise
The 2008 homebuilding crash brought the big truck segment to its knees. Sales dropped to 1.6 million, falling from 2.1 million in 2007. And in 2009, sales dropped to 1.1 million. We don’t know the numbers for 2014 yet, but sales have since risen, reaching 1.9 million in 2013.
Truck makers are responding by introducing redesigned models with new features and functions. For example, Ford is launching its redesigned F-150 with an aluminum intensive body this fall, and Nissan has begun promoting a redesigned full-size Titan pickup for 2015.
Oil Drilling Is a New Source for Truck Sales
Oil drilling and energy industry activity are also helping truck sales in the U.S. In 2010, only 187 oil rigs were operating in the United States. This summer, there were over 1,500. More trucks are being bought to do work on and around these rigs.
The Time Is Right for a New Truck
Another reason that truck makers are expecting growth is the age of pickups on the road today. In 2013, the average age of full-size pickups reached 13 years, and the current average age for scrapping and replacing older vehicles is between 13 and 15 years. That means many truck drivers will soon be in the market for a new vehicle.
If you drive a full-size pickup truck in the Albuquerque area, bring your truck to 2nd to None Service in Moriarty for maintenance and repairs. We work on all kinds of big trucks.
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