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USA |  AID EXCLUSIVE     
Crossover country - Type of car bought by today’s US buyers has changed
Published: Mon, 30th Jan 2017 11:57:41 GMT  
 

USA Crossover vs passenger car sales history share

Never before in domestic US Light-Vehicles history have so many vehicles been sold as last year. This new 17.5m record, although most featured in media reporting, barely scrapes the surface. That’s chiefly because last year saw a multitude of new all-time records in what still ranks as the world’s second biggest Light-Vehicle market. Perhaps most captivating for market observers and part of a tale now strongly echoed in both China and Europe, last year’s record 6.9 million US sales of SUV-Crossovers effectively equalled continuously dwindling sales of conventionally bodied passenger cars such as saloons

The overall biggest underlying change is that US sales of trendy SUV-Crossovers of all sizes appear to have cannibalised sales of conventional bodied cars such as Toyota’s long-segment dominating Camry. 

But for the autoindustry that hardly qualifies as bad news, given that the still flourishing SUV-Crossover sector still forms the fastest growing and most profitable slice of the US car market. 

SUV/Crossovers now equal conventionally bodied passenger cars sales in USA

By contrast, today’s conventionally bodied passenger cars are reputed to be barely profitable even at the best of times. 

Consensus has emerged among market watchers that today’s low fuel prices and easy low-cost credit are probably at the root of America’s on-going Crossover buying boom
...more


MORE LIKE THIS:

| It’s the big SUV comeback  17 Mar 2016


| Ford’s US profits soar on cheap fuel  29 Jan 2016


| US Light-Vehicle market on course for bumper 17m plus sales this year  11 Jan 2016

 

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