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 Blast from the past - US new car sales soar past 2007 pre-crisis levels and America’s car buying public, encouraged by plummeting fuel pump prices, have rediscovered their temporarily stunned love-affair with Light-Trucks – In the US at least, it’s 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, America’s car dealers enjoyed their best year since pre-crisis 2007. While last year’s 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. America’s 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 year’s demand for conventional passenger cars rose by a comparatively sluggish 1.7 per cent to 7.95 million...more > Can’t 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
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