SUVs drive automobile boom in US

SUVs drive automobile boom in US

Large number of American now wishes to buy big muscular Sport Utility Vehicles (SUVs).  Last year Equinox midsize SUV sales overtook Chevrolet Cruze, a compact car by 8,000 units. People prefer large sized cars over small cars as per the latest data. The auto sales are booming in India. Truck and SUVs contributed to 4.6 percent growth last month.

Many automobile manufacturers reported their highest sales in the month.  This has forced auto companies to announce heavy discounts on sedans and other categories. Companies are also giving unpaid leaves to its workers to reduce operating margins. SUVs are practical due to higher fuel efficiency and capacity to carry more luggage and people. Gas prices have decreased to $2.60 from $3.69 a gallon. This further gave a book to SUVs sales. TrueCar Inc’s Vice president Eric Lyman informed that sales are all time high since 2005. His California based firm focuses on pricing of automobiles.

 The researcher at Autodata Corp informed that due to low gasoline prices sales of large and luxury SUVs are showing exploding growth rate of 31 percent during first quarter, at the same time sedan sales have dipped by 3 percent. The automobile sector is helping lot to United States’ economic recovery. The SUVs, which require same operating techniques like cars will attract more sale. But SUVs gain is result in the loss of midsize and small cars. The sale of Equinox was increased by 42 percent in the first quarter. The means company sold around 29,000 units.

 

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