Sales of pickup trucks are often a sign of strength or weakness in the small business and construction sector as these types of businesses are the most common users of these vehicles. With that in mind, today's November numbers from Ford regarding F-Series sales are another strong positive signal. During the month of November, sales of the F-Series totaled just under 65,501, which represented a 16% increase over November of last year and was the highest November reading since 2004. Additionally, there have only been five months since 1996 where November sales were as strong.
Following November's sales totals, sales of F-Series trucks totaled 689K YTD through November. This represents the highest year to date total through November since 2006's level of 725K. This morning's news from Ford implies that the US economy, and more specifically small business and construction, is continuing to improve.