Trending...
- Noble World Foundation Proposes UN Security Council Reform to Foster Global Peace
- CIMdata Announces Support for the PLM Green Global Alliance
- HBCUs Among Groups Heading to The Bahamas for Track & Field Competition in March 2024
CHICAGO, Sept. 27, 2023 ~ Cars.com has released its first-ever Pickup Truck Buying Guide, an in-depth review of the 2023 truck-market landscape. The guide provides consumers with insight into the crowded field of trucks to help make more informed purchasing decisions.
According to Aaron Bragman, Cars.com's Detroit bureau chief, "Pickup trucks are consistently some of the most searched vehicles on Cars.com. In fact, searches for new pickups — despite the increasingly high price — are as strong as ever, up 4% over 2022." He added that pickups offer more versatility and utility and can haul, tow and go off-road — and are increasingly becoming great family vehicles.
Cars.com's Top Picks for 2023 include the 2024 Ford Maverick (Budget-Friendly), 2023 Ram 1500 (Family), 2024 Chevrolet Silverado 1500 (Towing, Light Duty), 2023 Ford Super Duty F-250/350 (Towing, Heavy Duty), 2023 Ram 1500 Limited/Limited Longhorn (Luxury), 2023 Ford F-150 Raptor (Off-Road) and 2024 Hyundai Santa Cruz (Urban).
More on Michimich.com
A recent survey by Cars.com revealed that truck owners get more compliments about their truck than other vehicles they've owned, and about 47% of consumers say pickup truck owners are more attractive. Bragman noted that pickups have a certain cachet that comes with being a pickup truck owner but come at a steep price.
The automotive market continues to fluctuate with a notable disparity between the price of pickup trucks compared to the average car; the average price tag on a new vehicle is over $50,000 while new pickup trucks have soared to more than $60,000 — a nearly 6% surge YOY. Used vehicles are down almost 6% YOY at over $30,000 while used pickup trucks are seeing a substantial hike in value at nearly $43,000 — representing a significant 9% upswing YOY.
Electric pickup trucks have also started to enter the market but come with limited towing range and payload capacity as well as an average price tag of more than $94,000 in August 2023; three in four pickup truck shoppers surveyed say they are not likely to purchase an EV for their next truck purchase due to purchase price and range limitations being their top concerns.
For more information on Cars.com's Pickup Truck Buying Guide or car-buying advice and tips visit Cars.com/News
According to Aaron Bragman, Cars.com's Detroit bureau chief, "Pickup trucks are consistently some of the most searched vehicles on Cars.com. In fact, searches for new pickups — despite the increasingly high price — are as strong as ever, up 4% over 2022." He added that pickups offer more versatility and utility and can haul, tow and go off-road — and are increasingly becoming great family vehicles.
Cars.com's Top Picks for 2023 include the 2024 Ford Maverick (Budget-Friendly), 2023 Ram 1500 (Family), 2024 Chevrolet Silverado 1500 (Towing, Light Duty), 2023 Ford Super Duty F-250/350 (Towing, Heavy Duty), 2023 Ram 1500 Limited/Limited Longhorn (Luxury), 2023 Ford F-150 Raptor (Off-Road) and 2024 Hyundai Santa Cruz (Urban).
More on Michimich.com
- Pear Sperling Eggan & Daniels Bankruptcy Attorney Discusses the Michigan Marketable Record Title Act
- LaChance Brothers Excavating Discusses Septic Tank Lid Safety
- Keith Barksdale Chairman of Power Analytics Global Corp Named to NSBA Leadership Council
- Blue Chip Partners Named a Top Registered Investment Advisory Firm in Michigan by Forbes
- Large-Scale Landscape Restoration: Spades and the African Union Development Agency–NEPAD announce partnerships
A recent survey by Cars.com revealed that truck owners get more compliments about their truck than other vehicles they've owned, and about 47% of consumers say pickup truck owners are more attractive. Bragman noted that pickups have a certain cachet that comes with being a pickup truck owner but come at a steep price.
The automotive market continues to fluctuate with a notable disparity between the price of pickup trucks compared to the average car; the average price tag on a new vehicle is over $50,000 while new pickup trucks have soared to more than $60,000 — a nearly 6% surge YOY. Used vehicles are down almost 6% YOY at over $30,000 while used pickup trucks are seeing a substantial hike in value at nearly $43,000 — representing a significant 9% upswing YOY.
Electric pickup trucks have also started to enter the market but come with limited towing range and payload capacity as well as an average price tag of more than $94,000 in August 2023; three in four pickup truck shoppers surveyed say they are not likely to purchase an EV for their next truck purchase due to purchase price and range limitations being their top concerns.
For more information on Cars.com's Pickup Truck Buying Guide or car-buying advice and tips visit Cars.com/News
Filed Under: Business
0 Comments
Latest on Michimich.com
- Detroit 2030 District Launches Innovative Program to Advance Electric Vehicle Charging Infrastructure in Detroit
- The Bridge Chiropractic Shares Why Your Child Should Get Chiropractic Adjustments
- Wilderness Construction Shares the Benefits of New Windows
- CMR Mechanical Shares What to Do When Your Heat Goes Out
- Roofman USA Shares How a Healthy Roof Helps You Save!
- Operation Bullpen Stan Fitzgerald hits back on political persecution with "The Fall of Deceit" now available for purchase
- Habitat EJC Assembles National Team for Permanently Affordable Community
- Scott Cooper Miami Project Announces New Scholarship Winner: Aban Khan
- DETROIT HOLSTER Launches New Custom Triple Magazine Carrier
- Incandescent Entertainment Announces New Film, "Portal in the Pines," starring Jamie Kennedy to Begin Filming This Month in Lousiana
- Tella Firma Foundations Partners with Green Clean Solar to Increase Steel Recycling in the Renewable Energy Industry
- Feature film about President Trump's response to the pandemic and the 2020 election – streaming now
- The Society of Voice Arts and Sciences has joined with Audible for the Muhammad Ali Voice of Humanity Honor to be presented to Viola Davis
- Detroit Lions, Comerica Bank Collaboration Returns to "Double the Impact" for My Cause My Cleats Campaign
- Michigan Computer Supplies Helps Fix Pesky Printer Problems
- HIBLOW USA DUO/DUAL Port Air Pump Timer Settings
- Alpha Design + Build Transforms Ann Arbor Kitchens and Baths
- ASI Acquires Clowder®, the Leading Association and Membership Mobile App Platform
- Greg Lindberg Explores in Latest Book the Science of Quantum Biology and Its Impact on Human Life
- Muller Law Firm Explains the Importance of Documentation in Credit and Collection