Overall, pickups are a major revenue stream for automakers churning out hundreds of thousands of examples each and every year. As long as fuel prices remain within their current modest boundaries, that seems unlikely to change.
Naturally, the sheer dollar value of full-size sales has not gone unnoticed by high-tech entrepreneurs seeking a way to tap into the single biggest automotive segment in America. A new crop of contenders are about to enter the scene, and these upscale alternatives to existing luxo-truck options are poised to bypass both gas stations and the traditional entry-level pickup customer entirely.
With this philosophy guiding a brand, there's no longer any need for rough-and-tumble truck trims bolstering the bottom line. Wealthy electric vehicle shoppers are often drawn from a pool that exists in parallel to the current automotive market. These are not pickup truck enthusiasts upgrading from F-150s and Silverados, but rather individuals who may never have previously considered owning a truck until a battery-powered option came along.
From a business perspective, focusing on premium customers also offers the chance to maximize profit while minimizing capital outlay. Keeping margins high allows for smaller scale automakers to maintain cash flow while moving a small number of vehicles, and boutique operations remain unconcerned by economies of scale as long as they can license their technology to larger companies as an additional revenue stream.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook's bad week, inside The Athletic, and Red Bull's reckoning - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I thought he had enough money to get a decent haircut Don't give up Mark!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Prefer the house of Bill Gates at Seattle: a mix of human warm in natural paradise with all possible Tech inside. Elegancy and classy are not an invention, are ancient education in ancient dna🤩👏👏👏👏👏👏👏👏👏👏👏❤️
Source: BusinessInsider - 🏆 729. / 51 Read more »
An inside look at Stanford's mental health innovation course - Business InsiderAn inside look at Stanford's one-of-a-kind course on mental health innovation, where students mingle with industry experts and develop business plans aimed at revolutionizing the healthcare industry (by AnikaNayak)
Source: BusinessInsider - 🏆 729. / 51 Read more »
All-new Ford F-150 pickup why it's America's bestselling truck - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 💛❤️🧡💜💙🖤🤎
Source: BusinessInsider - 🏆 729. / 51 Read more »
US banks seek guidance on PPP loan forgiveness - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why I use 'sinking funds' to save for major financial goals - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »