NSANF - General Motors Bridges The American Love For Pickup Trucks With $4 Gasoline
The facts are as clear as they are painful for the U.S. automotive industry:
The average U.S. gasoline price is $2.92 per gallon as of this writing (May 19): https://gasprices.aaa.com/ -- and it’s been going up. A year prior, it was $2.34. That’s an increase of 25%.
Americans love pickup trucks, especially large ones. 653,911 pickup trucks were sold in the U.S. in the first quarter of 2018, up 3% from 2017.
The strong performance of the U.S. pickup truck market has been one of the two saving graces for the Detroit “Big Three” over