Detroit Makes Big Gains With Big Pickups
June was the best month for U.S. auto sales since 2007, and one big factor is the boom in sales of full-sized pickup trucks. Ford , General Motors , and Chrysler all posted big gains in pickup sales last month, and all three gained U.S. market share in the first half of 2013 - the first time that has happened in 20 years.
What's behind the boom? In this video, Fool.com contributor John Rosevear looks at the economic "perfect storm" that has made for great pickup sales, and at why that's likely to be a big deal when the Detroit automakers report second-quarter earnings later this month.
Ford has been making big gains in China's booming auto market - and it's set to grow even bigger in coming years. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", says that Ford is one of two global giants poised to reap big gains from China's massive growth. You can read this report right now for free - just click here for instant access.
The article Detroit Makes Big Gains With Big Pickups originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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