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.

Northeast Ohio Medical University

Hennes Paynter Communications

Knight Foundation


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

The Black Keys guitar tech's moment in the spotlight
Nice job, Vivian. It's always nice to hear about the unsung heroes getting their due! Thank you, Chuck Johnston (Full disclosure - I'm a friend of the Carney fa...

Akron's Tuba Christmas: A resounding blast of holiday spirit
Nice piece, Vivian! Looking forward to hearing you move from flute to tuba on Saturday. Love hearing your interviews and this seemed extra special since I kno...

Cleveland Hugo Boss workers are fighting for their jobs again
Bro. Ginard; I support your effert to keep your jobs, I understand all about concesions, I was a Union offical from 1965 until 1991 and the company th...

Asian Carp control could benefit from bill passed by House, heading to the Senate
help me fight the battle against invasive carp by method of harvest

Ohio's Portman supports lifting limits on party political money
If Portman was legitimately concerned about outside groups influence on elections he would have supported the DISCLOSE act. Instead he helped block it being bro...

Study shows trade with China has cost more than 3 million U.S. jobs
I disagree with James Dorn! If we don't change the playing field and make it a fair competition the whole US industry will be weaker and weaker. Eventually all ...

Video of Cleveland police shooting a 12-year-old is critical to the investigation
While I think this is a very unfortunate, the fact is that police are trained to aim for the large mass of a human to stop them. If they aimed for the leg it w...

Wayne County teacher says he was fired for criticizing dairy
This is bull crap Smithville Schools have changed ever since the new school I'm so ashamed at the district I wish I could pick my house up and move it to anothe...

White Castle is closing its five Northeast Ohio restaurants
you should open a white castle in logan ohio.i'm pretty sure you disappointed,thank you...

Copyright © 2014 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