It’s easy to assume big pickup trucks are on the way out. High inflation means consumers have to tighten their wallets. Fluctuating gas prices means trucks that suck down fuel are no longer economically sound purchases. Plus, in an age of exponentially growing technology, how many people still need a truck for manual labor?
Actually, a lot. The other concerns are valid, but consumers are not deterred, nor should they be, as advancements are happening at a rapid pace. Current trends point to about a 7% increase in demand for trucks each year for the next five years. As manufacturers continue to produce high quality trucks, such as the 2023 Chevy Silverado 2500 HD, buyers on the market continue to see that any downsides are outdone by the upsides. Many of those downsides are fading fast as automobile innovation continues to let manufacturers solve problems that seemed insurmountable a decade or two ago. For those who don’t buy trucks, you may well be surprised at how versatile they are, and you’ll soon understand why the market for them will likely grow.
Why Does the Market Believe Demand in Trucks Will Grow?
It may sound surprising at first, but government regulations play a big part in why trucks are remaining attractive buys now, and likely in the near future. Fuel efficiency has long been a concern of consumers who wanted to upgrade to heavy duty trucks. With regulations becoming harsher, current and future trucks will now be able to brag of improved efficiency. They don’t really have a choice–they have to meet government regulations. Some will even move towards becoming electric. Even for drivers with environmental concerns, trucks may soon become a far nicer option than a decade ago.
Increased infrastructure funding will also call for more heavy duty trucks. The United States has recently seen legislation passed to improve bridges, highways, rails, and more. These projects will require plenty of labor, which means heavy duty trucks will be called upon to bring people, tools, and materials to job sites. Individuals employed in this industry will be on the lookout for the newest, most effective models, such as the 2023 Chevy Silverado 2500 HD. Just because technology has made much of our infrastructure electronic does not mean intense hauling and towing is no longer needed. Technology needs to be hauled, too.
The United States is not the only country set on improving infrastructure. Countries like China and India are also investing in better transportation. Just like the projects in the United States, these projects will call for the use of heavy duty trucks. These two countries are suspected to become big markets for manufacturers over the rest of this decade.
Automobile manufacturers are seeing worldwide demand rise in general, too. Supply chain issues have caused major headaches, and the COVID pandemic itself shut many businesses down, but as the world regains its footing, private projects will reignite. These will also call for trucks like the Silverado 2500 HD.
Cost is a factor, but there are plenty of trucks on the market that won’t break the bank as one might expect. Technology has improved so much that what once sounded like science fiction is now reality. Just because some of a truck’s features once sounded outlandish does not mean that they are driving up the price in our current day.
Capability Needs to Keep Pace
For trucks to remain competitive on the market, though, they will have to meet expectations. Even with more fuel efficient options, and eventualyl EV options, trucks still need to be able to boast of high performance and stellar capability. The usefulness of a truck plummets if it cannot adapt to these expectations.
Luckily, most manufacturers are making certain that new truck models exceed expectations. The Silverado 2500 HD, for instance, can tow up to 18,500 pounds. This makes it a highly desirable automobile for any sort of infrastructure project. This truck can tow far more than trucks of its size often can, which makes it an excellent deal in both cost and space. The more a heavy duty truck can haul, the less trips needed, so expenses can be kept lower. Combine that with its 3,862 pounds of payload capability, and you have a truck that can keep a project moving. It also offers powerful engines so that drivers don’t have to worry about steep hills or challenging conditions. The Silverado comes with a 6.6L V8 gas engine making 401 horsepower and 464 lb-ft of torque, or a diesel engine, the Duramax 6.6L turbo-diesel V8, that can offer you 445 horsepower and a whopping 910 lb-ft of torque.
As long as trucks have stats like the Silverado 2500, they will remain in demand at workplaces across the globe, because they offer high level performance at manageable cost.
Trucks Need To Be Aesthetically Pleasing, Too
For the average buyer, it’s no longer enough for a truck to be just capable. It also has to look great. Even companies want their trucks to look stylish, signaling to onlookers that the company is up to date with the current trends. There may have been a point where one could get away with austere trucks, but the market simply isn’t interested in that anymore. For a truck to sell, it needs to look good.
The Silverado offers a range of exterior colors as opposed to adopting a one size fits all mentality. In fact, the Silverado offers multiple trims so that you can have a look that matches your needs. If you’re aiming to send a signal that you’re doing some serious labor, you can opt for the Work Truck or LTZ trim, both of which are classy designs that evoke some of the allure of older pickups. If you’re more interested in showing that you know how to relax in addition to working, the High Country trim will be your best bet. It remains quite capable while also adopting a number of features usually found in luxury vehicles. No matter which trim you pick, you’ll have the ability to pick a trim that represents you, and that’s a desired element in today’s automobile market. The era of a one-size-fits-all trim is over.
If All Stays Right, the Future Is Bright
As long as manufacturers continue to put out aggressive, gorgeous trucks like the Silverado 2500 HD, sales should remain strong. For anyone in the labor industry, a Silverado 2500 HD has to be an enviable item, thanks to its performance and its market-friendly price. Whether buying in large numbers for a company or buying for an individual, a buyer will be hard pressed to find fault if they’re looking for an automobile that can help them haul and tow.
In the near future, the trucks will only increase their fuel efficiency and power. The 2023 Silverado 2500, for example, is already a jump ahead of previous years’ models in terms of towing and hauling numbers. If we look ahead a couple years, those numbers are likely to grow. As long as manufacturers continue this trend, and as long as investment in infrastructure remains strong, heavy duty pickups are going to remain a hot commodity.
