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.

Levin Furniture

NOCHE

Akron Children's Hospital


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

Terry Pluto: U of A's new athletic director has the toughest job in town
It is a hard sell. The Students do not want to go to the football games and they do not want to pay for the program. They have a lot of student loan debt and t...

Akron considering the future of the B.F. Goodrich smokestacks
This BFGoodrich alumna says, "Thank you, Dave Lieberth!"

State creates panel to look at Ohio charter school sponsors
It is more than disturbing that charter schools, which seemed like a good idea years ago, have begun to cripple public school education.

DEVO mural in Akron is now on display downtown
The installation is not at the former site of Chili Dog Mac. CDM was one block north on the other side of Main St.

New report shows growth in white collar jobs for Northeast Ohio
Unfortunately, there are fewer jobs in comparison to the number of professionals applying for them. I have been had a full time job since June 2012. In order to...

Advocacy group: Ohio could lead in clean energy
Ohio Legislators, You are supposed to be our leaders but you're not taking us where we want to go - where we need to go!

Campaign for and against marijuana legalization begins
Cannabis legalization needs to happen as soon as possible! But not if it gives monopolies to a selected few to grow and sell the herb. Responsible Ohio's mono...

Heinen's in downtown Cleveland sponsors a contest for food entrepreneurs
Love that this took place right here! What a way to support local. Thank you Heinens! Love this quote, as a small local biz, I agree, it's big!! "To be a small...

Pluto: How the Indians' blockbuster deal went bust
Terry, As a long time reader of yours I am generally on the same page - and we're also about the same age. Anyway, like many, I am dismayed at the greedy and en...

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