Toyota, Nissan and other Asian automakers dominate U.S. sedan sales and do well in midsize pickups. So why can’t they catch a break with full-size trucks?
Orders for large trucks fell 57 percent year-over-year as trucking companies hold off on purchases because shipping and freight demand is falling.
Paccar said second quarter profits rose compared to a year earlier but truck manufacturer lowers its industry sales forecast.
Cost cutting and improved market share help push truck manufacturer Navistar International Inc. to report its first quarterly profit in 3 years.
Daimler Trucks revises its financial outlook in the face of slowing truck sales in North America and internationally.
Pickup truck sales helped Ford Motor Co. nearly double its first quarter profit. The automaker earned $2.5 billion in the quarter compared to $1.3 billion in the same period a year earlier.
Strong sales of pickup trucks and sport-utility vehicles in North America powered General Motors to a $2 billion first quarter profit.
An aging pickup truck fleet and healthy economy are pushing pickup truck sales to new heights this year.