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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
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