SUVs Still Selling
Here’s a crazy thing…..according to Shawn Langlois of the MarketWatch.com, the SUV and truck cars are selling. This is the bright spots of the otherwise dreary auto industry right now. Now granted, they are selling at very cheap prices, but not everyone has jumped on the small car bandwagons. In May, when the gas prices were around $3.70/gallon, only 9 percent of SUV motorists that traded in their vehicles, bought another SUV, according to JD Power & Associates. In August when the gas prices began to plunge, 20% of SUV drivers went and bought another SUV. I’m really surprised actually. I really thought that between the gas prices, the poor economy, and the fact that there is such a global warming problem, that more and more people would stay away from SUVs. I guess more people are trying to buy other cars, but the thing is that big families need bigger cars. It’s a fact. The fuel efficient cars are small. That’s another fact. It will be interesting to see if the SUVs and trucks can continue to sell. Obviously, sales are down as they are for every sector of the auto industry, but automakers are selling some SUVs and trucks, and as a matter of fact, Ford announced that they will be increasing production of the F-150s. Good news for SUVs and trucks, I guess.