Study: Suv Sales Slowing Down

A study by an auto analysis firm says that sales of sport utility vehicles are beginning to slow down. That’s because consumers are demanding more cars and car-like SUVs. The Great Lakes Radio Consortium’s Bill Poorman reports:

Transcript

A study by an auto analysis firm says that sales of sport utility vehicles are beginning to
slow down. That’s because consumers are demanding more cars and car-like SUVs. The
Great Lakes Radio Consortium’s Bill Poorman reports:


The report from J.D. Power and Associates says inventories of SUVs are building up on
dealer lots, prices of SUVs are falling, and sales incentives are rising. The biggest
decline is taking place among the largest and least fuel efficient SUVs. Tom Libby with
J.D. Power says more people are demanding vehicles that look like SUVs, but are built
more like cars. He calls these crossovers.


“In the second quarter of 2004, crossovers actually reached 40 percent of all SUVs, and
that was a record. So we’re approaching the point where crossovers will be every other
SUV sold.”


And in certain cases, crossovers have better fuel efficiency than comparable traditional
SUVs.


For the Great Lakes Radio Consortium, I’m Bill Poorman.

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