Detroit Bureau on Twitter

Posts Tagged ‘truck profits’

Car Sales Down, Auto Jobs Shift to Trucks

Ford adds jobs at Edge plant, GM trims back on car line.

by on Feb.26, 2015

Low gas prices are helping to drive sales of full-size pickups like the Ford F-150, which is forcing makers to add jobs.

The sharp slump in fuel prices has generally been good news for auto buyers and automakers alike. A growing number of buyers have been shifting from high-mileage cars to bigger pickups and utility vehicles in recent months.

For manufacturers, that has swelled the bottom line since those vehicles tend to deliver some of the industry’s largest profits. But not everyone is celebrating. While companies, like Ford and GM, have been responding by increasing production of their best-sellers, they’re also trimming back at under-utilized car plants.

Subscribe for Free!

And that trend could continue going forward. Industry analysts anticipate that utility vehicles will outsell sedans for the first time ever in 2015, while pickups will report their best year since the economic slump began. (more…)