>> When it comes to vehicles, it's go big or go home. Major auto makers posted lower U.S. sales for February, but it was passenger cars that drag down the curve. Sales of Fiat, Chrysler's little sporty, Little Italian namesake, for instance, dropped a whopping 42%. While the company's Jeeps jumped 12% and Dodge Ram pickups saw an 8% surge with consumers.
A sign that the future, at least for now remains SUVs and Pickups, high margin vehicles with the potential to be every bit as pleasurable as luxury sedans. I'm Lisa Burnhart, outside of GMC dealership in New York. On Thursday, GMC unveiled its 2019 Sierra Denali Pickup. It's got leather seats.
It's got a high tech tailgate that opens six different ways. It's got a new infotainment system that has a smart screen like display. All in with all the bells and whistles. It could run well north of $70 thousand. That's more than many Mercedes and BMWs. Earlier this month Ford said it would boost production of two of its largest SUV's.
The Ford Expedition and the Lincoln Navigator. The Expedition now costs an average of $58,000. While the Navigator, with its Lincoln pedigree, has a price tag around 77 grand. Relatively low oil prices have encouraged Americans to sidestep passenger cars in favor of their bigger, boxier siblings. With Coupe and Sedans last year account for just 37% of all US vehicle sales.