U.S. automotive sales have reached its highest point in three years, and much of the credit goes to the sales of large pickups.
According to Autodata Corporation, the demand for full-size pickup trucks increased 16 percent in the month of August, which helped make it the strongest sales month since August of 2009. Auto sales reached almost 1.3 million- a jump of 20 percent from the previous year.
The recent bump in large truck sales could be an indication on the improving economy as whole, as many businesses are confident to make investments while they experiencing greater success. This is especially prevalent in industries where hauling large equipment, like the up swinging housing industry.
“Businesses don’t usually go buy a fleet of trucks unless they have good reason to believe that business will be ramping up,” said Jesse Toprak, vice president of market intelligence for theTrueCar.com auto pricing service.
The Chevy Silverado, Chevy’s bestselling truck, saw a nine percent increase in sales last year.