Photo: Ford
Ford’s decision to switch from V8s to V6 powerplants has helped their business plan a lot this year, but their their whole pickup range is picking up momentum, as this is at the highest level since December, due in part to the decrease in fuel prices.
“Full-size pickups are up just slightly from a year ago, but it’s above the 9-to-10 percent level we saw in April and May when gas got to $4 a gallon,” George Pipas, a Ford sales analyst, stated in Dearborn, according to a Bloomberg report.
According to the AAA, the average price of unleaded gas sits at an $3.54 per gallon. This has resulted in a year-on-year increase of 7 percent for Ford’s F-Series pickups.
However, Ford is still taking the chance of a double-dip recession seriously. “Our plan is economic growth will be slow over the next several quarters. The surveys say people are uncertain about the future. An automobile is a discretionary purchase; you can wait,” Pipas said.
Google News