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USA
Cheap fuel sparks rethink
Fuel-sippers donít make sense in the US when fuel is cheap and plentiful

Published: Mon, 19 Jan 2015 13:28:09 GMT

US fuel price history info graphic

Blast from the past - US new car sales soar past 2007 pre-crisis levels and Americaís car buying public, encouraged by plummeting fuel pump prices, have rediscovered their temporarily stunned love-affair with Light-Trucks Ė In the US at least, itís beginning to look as if the recent global financial crisis has never happened

As anxious and cash-strapped European consumers continued to shun car showrooms, stocked with latest design cars of unprecedented variety, style and value, Americaís car dealers enjoyed their best year since pre-crisis 2007. 

While last yearís improving West European car market remained almost 20 per cent below pre-crisis levels, US sales rose 5.9 per cent to 16.5m units, beating by some margin the 16.15m last sold in 2007.

Americaís consumers have not only rediscovered their appetite for new cars, but with tumbling fuel prices, and the prospect of further substantial pump price cuts on the horizon, many have turned back to the all too familiar vehicle buying patterns seen in US pre-crisis days. 

That means buyers are again flocking into higher profit SUV-Crossovers in droves.

Last yearís demand for conventional passenger cars rose by a comparatively sluggish 1.7 per cent to 7.95 million
...more 

MORE LIKE THIS:


> Canít beat them, join them - VW's US SUV plans  17 July 2014


> BMW - X model boom  09 Apr 2014


> Hard slog on both sides of the Atlantic†for EVs  03 Jun 2014


DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

USA LIGHT-VEHICLE SALES:
by MANUFACTURER AND MARQUE FULL YEAR 2014 v FULL YEAR 2013

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