News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Hospice of the Western Reserve

Akron Children's Hospital

Northeast Ohio Medical University


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Housing, baby boomers, millennials and recovery of auto sales
Ohio-made Cruze and pickups get top billing in the auto recovery numbers
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
Chevy had high hopes for the Cruze when it rolled out the compact at Lordstown. And those hopes have been fulfilled.
Courtesy of JEFF ST. CLAIR
Download (WKSU Only)
In The Region:

American automakers are posting better than expected sales numbers for June – and the best monthly numbers in five years. WKSU’s M.L. Schultze spoke with an auto analyst about the surge and its ties to Ohio.

LISTEN: HOW HOUSING AND MILLENNIALS PLAYED A ROLE

Other options:
Windows Media / MP3 Download (1:14)


The story of the auto recovery these days is largely the story of full-size pickups. In June, Ford had its best truck sales month since 2005; and GM saw a surge of 8 percent for its pickups, vans and SUVs.

For the reason, Michelle Krebs of Edmunds.com says – look at housing.

“As the economy improves and housing starts and construction improve, full size pickup truck sales increase as well. There’s a direct correlation.”

But it was actually GM’s little guy – the Chevrolet Cruze -- that saw the biggest percentage growth over this time last year. Krebs notes the sales of the Lordstown-made compact surged 73 percent. Some of that is because of Baby Boomers downsizing, but not all.

“The millennials are finally getting into new car market. They were frozen out pretty much by the recession because they were unemployed or underemployed and they were buried in college debt. We are now seeing them back in the new car market and that bodes well for the future because that is a huge population boom.

Another thing that bodes well for Ohio’s auto economy is Jeep launching the Cherokee as an alternative to replace the discontinued Liberty. The Cherokee is largely made in the Toledo area. 

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Cleveland deal ramps up civilian oversight of police
i would like to see police get mandatory psych evals one a year from out side the department.

The generation gap in care for developmentally disabled Ohioans
I don't understand how a few hours a day of caregiving can possibly help a person who lives with complex/multiple disabilities. Many waiver recipients totally d...

Marijuana referendum may change more than pot's legal status in Ohio
If our representatives would act in accordance with the will of the people things like this wouldn't happen. They dragged their feet and blocked discussion on t...

Area pastors and congregation members protest justice system
I live in Cleveland. trust me when I say the high incarceration rate is due to the high crime rate.

Ohio's attorney general rejectsthe latest proposal to legalize marijuana
i think the ag launguage is money hes talking about drug companies must pay him more than responsible ohio can

PBS documentary chronicles the fall of Saigon through new footage and stories
Hi, Does anyone know the number - in the pbs special "Last Days of Vietnam" documentary, of how many Vietnamese were evacuated? Please e-mail me the answer. T...

Protest planned at tomorrow's FirstEnergy meeting
The problems of the poor and downtrodden have nothing to do with First Energy. They are the result of Republican legislators who consistently reduce taxes on th...

Ohio bill would help smaller communities with LGBT discrimination laws
Do we not try and have rights for all individuals equally? On the HUD list of "preferred" candidates who get "special consideration" it states that: For purp...

Ohio likely will continue with two types of police academies
Wake up people your wanting a Harvard law school education for a job that may pay a little over the poverty level. I don't know anyone who could support a wife ...

Police Week's ties from NE Ohio to D.C.
The men and women in blue who risk their lives everyday to serve and protect us....and this is as much recognition and appreciation that NPR/WKSU feels to offer...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University