A picture is worth a thousand words. Based on the charts I’m going to show you, I’m going to be able to save myself a lot of writing. These are from a Bloomberg article that graphically show the divergence of light truck sales (pickups, SUVs, CUVs, minivans, vans, etc.) from cars (sedans, hatchbacks, coupes, etc.). As you can see, the current reality of light trucks outselling cars is not totally new; during the first big truck boom of 2003 – 2008, that already happened. But not nearly to the extent it has since 2013, when the final great divergence took off. And it shows little sign of ending anytime soon.
Here’s three charts for the Big Three starting with GM, which of course show that their respective share of trucks vs. cars are even much higher than the market overall. No big surprise there. FWIW, GM is the only one of the Big Three that had a substantially higher share of cars to trucks in the early years of this time period.
Here’s Ford, which was significantly more truck-oriented than GM.
And FCA. Not surprisingly, FCA had the highest share of trucks going back to the beginning of this period. Trucks R Us.