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Small SUVs Claim Larger Slice of Market
2014-07-12 19:26:22| AutomotiveDigest.com - Automotive Industry News
Combined sales of compact and subcompact SUVs have nearly doubled since 2008, from 10 percent to 18 percent of the U.S. market, according to AutoTrader.com. Analysts predict the market will grow for at least the next few years, as young, affluent buyers are drawn to likes of the Ford Escape, Chevrolet Equinox and the even smaller Buick Encore. Sales of crossovers of all sorts have been growing significantly in recent years, but the growth in sales of smaller crossovers and SUVs has been nothing short of phenomenal, Michelle Krebs, senior analyst for AutoTrader.com, said in a statement. Its easy to see why, with the segment being so versatile to meet the needs of a wide variety of car buyers. They can carry people, serve as a substitute truck or haul bigger cargo while still driving like a car. READ MORE The Article Small SUVs Claim Larger Slice of Market appeared first on Automotive Digest.
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Category:Automotive