SUVs and crossovers dominate US market in January-May period

Article by Christian A., on July 18, 2014

For the first time, SUVs and crossovers have surpassed sedans as the most-loved segment in the United States. According to IHS Automotive, SUVs and crossovers accounted for 36.5 percent of the US light-vehicle market in the first five months of 2014, while sedans accounted for 35.4 percent.

IHS Automotive analyst Tom Libby said in a statement remarked that SUVs and crossovers offer the combination of “appealing features” associated with both cars and light trucks, adding that they offer a compelling option for the market.

By the end of 2013, sedans were still leading the US market with a share of 36.3 percent, while SUVs and crossovers combined for 34.4 percent.

Gaining headway for 2014 are SUVs like the new Jeep Cherokee, which managed to capture 47.2 percent of the mid-sized SUV market, according to the Automotive News Data Center.

Libby remarked that Chrysler launched the Cherokee was launched at the right time -- when SUVs and crossovers were gaining popularity – adding that the model was “in the sweet spot” for sizing. He noted that the Jeep brand is strong, saying it has no direct rivals.

Also making gains for the SUV and crossover segments are the Nissan Rogue, Chevrolet Tahoe and GMC Yukon. Sedans are not only ones whose market share is being eaten by SUVs and crossovers. Pickups and hatchbacks have also seen their market shares lose 0.5 percentage points, according to IHS Automotive. [source: automotive news - sub. required]

If you liked the article, share on:

Comments

Recommended

If you are one of those lucky enough to place an order for a final production version of the Mercedes-AMG Project One, here is a good development: Mercedes-Benz’s high-performance arm...
by - September 21, 2018
After months of previewing the e-tron all-electric sports utility vehicle through prototypes wrapped in bright orange and black camouflage, Audi has finally unveiled the final production version of the SUV...
by - September 20, 2018
There have been no straight six-cylinder engines at Fiat Chrysler Automobiles since 2007, when Jeep launched the Wrangler JK generation. While Chrysler had been using straight six-cylinder engines since 1964,...
by - September 19, 2018
Mercedes-AMG’s GT 4-door Coupe models now have a new member, in the guise of the AMG GT 43 4MATIC+. This new model is AMG’s newest entry-level offering, with a price...
by - September 18, 2018
It is better not to expect any new diesel engines from Cadillac, the luxury vehicle division of General Motors. After all, following much considerations of a number of factors, the...
by - September 18, 2018