Trucks as a percentage of total U.S. light-duty vehicles increased from 16.4% in 1980 to 44.9% in 2004, the highest share to date. Comparatively, car sales as a percentage of total light-duty vehicles decreased from 83.6% in 1980 to 55.1% in 2004. The most two notable decreases in truck sales in 1980 and 2009 both followed oil price spikes.
Trucks as a percentage of total U.S. light-duty vehicles increased from 16.4% in 1980 to 44.9% in 2004, the highest share to date. Comparatively, car sales as a percentage of total light-duty vehicles decreased from 83.6% in 1980 to 55.1% in 2004. The most two notable decreases in truck sales in 1980 and 2009 both followed oil price spikes.