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Archive for June, 2008

Jun 04 2008

Buying Repo Semi Trucks

Published by automotive under Trucks For Sale Edit This

With the economy slumping currently it is not surprising that many truckers have postponed their dreams of owning their own truck. The thing is that if you are planning to purchase a new truck there really is no reason for you to put it off. You can find repo trucks or repossessed trucks for sale at a much lower price than you would find new ones. Most repo trucks are in excellent condition. It may simply be that the previous owners decided to pursue another career option or simply could not handle the life of a trucker. Repo trucks are going to cost you much less than new ones and will be in excellent condition for the most part.

Finding repo trucks for sale can be as simple as a Google search for the term. In order to find the truck that you need however, you first need to understand the differences in semi trucks. Whether you need a conventional truck with or without a sleeper compartment you should be able to locate the one that you need and save money by purchasing a repossessed truck. If you are planning to be on the road for long stretches of time it would probably be best to buy a truck with a sleeper. Sleepers give you somewhere to lay your head, watch television, do computer work and you can even put small kitchen appliances in them to cook your own food. This could save you a lot of money versus purchasing all your meals at truck stops along your trip. Once you know what type of truck you need you should determine the manufacturer that you want.

There are many semi truck manufacturers and each has their own fan base. Kenworth, Freightliner, Peterbilt and Mack trucks are probably the most popular and are perhaps the ones that you remember seeing on freeways when you were younger. Today you would need to add Volvo, International, GMC, Sterling, Western Star and a host of other semi manufacturers to the equation.

The choices of trucks for sale are virtually endless. Of course you may not find that all manufacturers produce the exact truck that you want so you should do a little research into each truck type and brand and determine which one you think would best suit your individual needs as a trucker. Now, back to buying Repo trucks there are many places online where you can get valuable information into purchasing trucks. Do your research before you decide to buy to ensure that you are choosing the truck that is best for you.

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Jun 04 2008

Truck Sales to Decline

Published by automotive under Trucks For Sale Edit This

Pickups sales have been high because they are reliable when it comes to engine power and performance. In fact, Detroit automakers are considering this type as sales and profit boosters as compared with SUVs.In today’s modern time, the pick ups evolved into more sophisticated vehicles. They now have expensive features found on cars that include leather seats, booming stereos and large passenger compartments. Moreover, pickups have also adopted the same image as SUVs and are now parked in industrialized areas – gone are the days for “construction site only parking”.Unfortunately in terms of popularity and sales, SUVs surpassed pickups. And even for companies with the newest models, truck sales have dropped while rebates and other incentives are climbing.

Two months ago, Bucky Hacker exchanged his 2002 Dodge Ram Quad Cab pickup with a subcompact car - the Mazda 3 with top of the line Mazda throttle position sensor. A student from Oak Ridge, Tennessee, Mr. Hacker bought his Dodge vehicle to drag a boat and also to attract girls with its very masculine appearance.But he was ridiculed. His Dodge gas consumption reached 13 miles per gallon just for towing the boat while his new Mazda averages twice that or 26 miles per gallon in city and highway driving.According to him the reasons behind the decline in the truck sales are the customers’ growing sense of environmental concern, the steeping gas prices, and the uncertain housing market which triggers number of contractors to delay buying new trucks. All these caused the sales drop to 5 percent so far from last year’s weak market. Such percentage is more than 50 percent of the overall decline in industry sales which is so far 2 percent down this year.

As a result, car manufacturers began expecting pickup sales to drop since late 1990s up to this year.According to the Power Information Network, the average discount on a Dodge Ram is $6,000 – a $500 increase since January. On every Silverado pickup, Chevrolet is paying an average of $2,343 in incentives. When the truck was new at the beginning of the year, the brand doubled its discounts.The same data showed that even Toyota discounted its Tundra during its introduction in February by an average of $2,000.A data from CNW Marketing Research, which follows industry trends, showed that 6 years ago, 28 percent of consumers all over US who bought pickups did so because of the vehicles’ appearance. But this year, only 16 percent of customers purchased big trucks with the primary reason of their looks.Art Spinella, the president of CNW, said that the buyers who have defected will not go back. They would rather find other stylish vehicles. He added that contractors, farmers or ranchers who need pickups for their businesses will continue to buy them, but not so often like the previous decades.

Ford, which strongly depends on trucks, has 24 percent sales on pickups and 41 percent on the company’s gross North American profits during the past five years. This was according to Mr. Johnson’s computations in a research report.Same as Ford, GM, too, heavily relies on pick ups. GM’s 32 percent of gross profits is composed of 20 percent pickups sales and others; while Chrysler pickups contributed 25 percent of its profits and 18 percent were pickups vehicle sales during the past five years.Ford’s loss of $12.6 billion was attributed to the decline in pickup truck sales in 2006. However, such figure is also attributed to the company’s restructuring plan.However, despite economic dread, some dealers say their pickup truck business has remained as it is.Meanwhile, auto makers that were badly affected by such trend on trucks are optimistic that they will soon find a way to regain their losses.

To make pickup trucks marketable again like decades ago, car companies must address the issue on the vehicles’ fuel economy and make some more innovations. After all, everybody now is affected by the continuously increasing gas prices while considering vehicle design and styling.

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