The Latest News, Rumors and Changes in the Truck World
Trucks Outsell Cars in U.S. for First Time Ever!
According to Autodata Corp., pickup trucks have begun outselling cars! While it may not seem like a stretch for trucks to be more popular than cars, it’s now official, with pickups beating out cars by more than 17,000 units at the end of the first sales quarter.
Bloomberg reports that as recently as five years ago, cars outsold pickup trucks by more than 500,000 units per month, but has since slimmed down its car offerings and bolstered its truck lineups.
As of this writing, the manufacturer shutdowns have caused a shortage of inventory on some truck models, causing an upswing in dealer orders for folks who can’t find what they’re looking for on lots. This may mean that those who can’t find the exact truck they want can wheel and deal on existing inventory.
Once manufacturing is back in full swing, it is expected that truck sales will continue to grow, although it is uncertain whether this shift in truck versus car sales will become the new norm.
Statement on Lincoln and Rivian Fully Electric Vehicle Development
Given the current environment, Lincoln and Rivian have decided not to pursue the development of a fully electric vehicle based on Rivian’s skateboard platform. Ford Motor Company’s strategic commitment to Lincoln, Rivian and electrification remains unchanged, and Lincoln’s future plans will include an all-electric vehicle consistent with its Quiet Flight DNA.
The new model, speculatively called the Mark E, was originally scheduled to debut some time around 2022. Although the skateboard platform vehicle is no more, Lincoln and Rivian will continue to work together on future projects. Not surprising considering Ford injected $500 million into the rapidly growing EV company.
GMC Hummer EV Reveal Delayed
The world may or may not know what the newest Hummer will look like by the time you read this, as the official reveal was postponed due to the COVID-19 crisis. Regardless, according to info received from GMC, “…the team’s development work continues on track and undeterred. We invite all to stay tuned for more stories on this super truck’s incredible capability leading up to its official debut.”
As we’ve mentioned in a previous Word on the Street, the new GMC Hummer EV will reportedly be available as both and SUV and an SUT (sport utility truck) with approximately 1,000 horsepower. Other details are currently largely unknown.
Any updates can be found at www.gmc.com/HummerEV.