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AutoNation Streamlines Sales Predictions

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On: Fri, Jun 4, 2010 at 11:51AM | By: Michael Jon Lazar


AutoNation Streamlines Sales Predictions

If you are looking to get into a brand new pickup truck, you are not alone. In fact more people bought pickup trucks in the US during the past month (May) than they have in recent years. How much has this truck buying trend increased, you may be wondering? According to a recent report by CNBC, truck sales in the US are up a whopping 50% from the same time last year. More people are buying more trucks, and thanks to massive dealer incentives, rebates, and lighter financing restrictions, this is a trend that should hopefully continue well into the future.

Over the months that lay ahead it should be far easier to see what the real numbers are for truck sales in the US. This is because one of the leading auto sales companies in the US, AutoNation, is going to start releasing monthly reports to aid consumers and news sources. This new reporting method should serve to work wonders for analysts, buyers, and just about anybody who is interested in how the US truck market is currently faring.

According to a recent report published on CNBC, “AutoNation, the country's largest vehicle sales company, is now giving us some insight. Starting today, AutoNation will begin releasing its own monthly sales figures, and will provide more detail than the big auto companies.”

AutoNation also has reported a vast surge in sales for the month of May, 2010. In fact, they are up around 22% overall. And, pickup truck sales saw a vast increase in overall units sold, to the tune of a 50% increase from this same time last year. The CNBC report really offers some solid perspective on what the current numbers are, and what automakers that are manufacturing and selling pickup trucks in the US are experiencing, as far as overall sales in the month of May.

In the CNBC report they highlight these aspects, “For May, AutoNation's sales were up 22 percent, matching what we saw from some of the big automakers, including Ford (NYSE: F - News), General Motors, and Toyota (NYSE: TM - News). But get this: Pickup truck sales were up 50 percent year-over-year. That's a huge sign of strength for American small businesses, according to AutoNation Chairman and CEO Mike Jackson.”

As for the recent increase in new truck sales domestically, Jackson offers his take in the same interview with CNBC, stating, “Pickup trucks are bought by small business entrepreneurs who have their finger on the pulse of the US economy. It’s an expression of confidence in future of economy. They don't buy until they see the prospects for business are brighter.”

The CNBC report offers a really good scope of the current trend of truck sales in the US during the month of May, concluding that, “Auto sales in Florida, for instance, jumped 38 percent, while those is California climbed 24 percent. These numbers offer some important clues as to where the economy is heading. Last year, U.S. auto sales totaled 10 million. AutoNation makes up a decent sized chunk of that. Last year it sold 325,000 new autos.”


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