Foreign automakers Mitsubishi, VW, Mercedes challenge Detroit in growing US pickup market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Most of the new entrants will target the midsize truck market which is expected to be one of the fastest growing segments in the U.S. between now and mid-decade.

, have repeatedly failed to gain more than a toe-hold in the market for bigger, full-size pickups that can to toe to toe with the Ford F-150 or GM's Chevy Silverado.It's another story in the midsize segment which has long been dominated by imports.

The flood of new products is clearly paying off. The U.S. full-size pickup sales have been hovering at a steady 2.3 million to 2.4 million a year, a figure LMC Automotive expects to hold through mid-decade. Sales of midsize models, meanwhile, jumped from 452,000 in 2017 to 524,000 last year, with the consulting firm predicting that will top 600,000 this year and hit 714,000 by 2025.

CEO Dr Dieter Zetsche and Volker Mornhinweg, Head of Mercedes-Benz Vans present the new Mercedes-Benz Pickup at a press event held at the art gallery Artipelag in Stockholm, Sweden on October 25, 2016.Yet another entrant could be Mercedes which launched its first-ever pickup, the X-Class, in 2017. Initial plans didn't include the U.S., but a number of analysts now have a version of the luxury truck on their product forecasts.

As with almost every other vehicle segment in the U.S. market, pickup trucks have grown steadily larger over the years. The current version of the midsize Chevrolet Colorado is nearly as large as the full-size Chevy Silverado of three decades back.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

If you want to compete in the us market for trucks you need em biiiig

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ford surpasses Tesla in market cap, as old and new automaker stocks diverge post earningsFord's big gains after its first quarter earnings lead the 116-year-old automaker to pass the market capitalization of Elon Musk's struggling electric car maker Tesla. The value of Tesla shares has fallen roughly 30% this year.
La source: CNBC - 🏆 12. / 72 Lire la suite »

UBS profits drop 27% in first quarter on 'challenging market conditions'UBS reported a 27% fall in net profit for its first quarter, compared to the same period the year before, with the Swiss bank citing challenging market conditions. Is that good?
La source: CNBC - 🏆 12. / 72 Lire la suite »