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.

Meaden & Moore

Don Drumm Studios

Metro RTA


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

A small group of tea party and Democrats protest at Kasich campaign stop
Enjoyed your excellent coverage of the statehouse for sometime now, never dreamed I'd be on. The feedback from people has been great. Thank you. Doris Adams

Top staffers are leaving the FitzGerald gubernatorial campaign
I's too bad that the dirt on Fitzgerald dug up by Kasich's operatives and publicized heavily by the Yellow Plain Dealer has caused the weak staffers of the Fitz...

Churches come together to welcome and include Gay Games athletes
Nicely done!!! A little known fact about the El Salvadoran and Columbian scholarships.. A big thank you to the Faith Community for their support of Gay Games 9....

What do Ohio farmers need to do to control Lake Erie problems?
This was a great article, thank you, Karen Schaefer. There was an error- Roger Wise is the past president of the Ohio Farmer's Union; not the Ohio Farm Bureau ...

Registration for the 2014 Gay Games ends Monday at midnight
Judy Benson and Sally Tatnall are loved and appreciated by all in our community and throughout the US for their untiring work for OLOC and for educating the com...

Like any family, the Gay Games has its generation gaps
Great article ... important perspective.

Gay Games rodeo: Changing stereotypes
Robin, Thank you for a fine piece of recorded history. This is history in the making; a gay, Asian man, one of the last bronc riders in IGRA, and Rodeo at Gay G...

Ohio lawmakers hold hearing on prison food problems
So you fine them..this has been going onand the law makers are aware of this issue.I have been told by many about the maggots and rotten food not fit for a dog ...

Interview with early Beatle Pete Best
"the Leshdu (?) Quartet.." Actually that's the Les Stewart Quartet. George Harrison was in that band at the same time as the Quarry Men.

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