FOXNews.com: Used pickup truck prices soar

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

Used pickup truck prices soar Aug 5th 2013, 16:07 Pickup truck sales are still picking up. In July, Ford saw a year over year increase of 22 percent, Ram 31 percent, Chevrolet 46 percent and GMC a whopping 49 percent. Factors including a stable economy, accelerating investments by businesses and an aging truck fleet are combining to produce incredible growth in the segment. Ford's head of sales, Ken Czubay, estimated last week that there are over 14 million pickups currently on the road that are more than 11 years old, and there are millions more in need of replacement. But don't expect to get a deal on too many of them when they hit the local auto auction. According to a report from Pickuptrucks.com, used pickup truck prices have increased up to 15 to 20 percent in the past year, even as average used car prices have been trending downward. The strong demand for trucks less than five years old, in particular, has been driving up their value as average new pickup truck prices are now above $40,000.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions