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In fact, prices are so high, inventory is so scant and loan rates are so much higher in the used market that many one-to-three-year-old models are barely any cheaper than they were brand new.
Much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The more they charge for a car, the more money they make off it.
Purchasing a sports utility vehicle, better known as an SUV, is a major investment, as these kinds of cars do not come cheap. Perhaps you are on a tight budget but need a whole car for the family,...
During the mid-2000s, SUVs from luxury car brands grew by almost 40% in the United States to more than 430,000 vehicles (excluding SUV-only brands like Hummer and Land Rover), at a time when luxury car sales suffered a 1% decline, and non-luxury SUV sales were flat. By 2004, 30% of major luxury brands' U.S. sales were SUVs.
A Ford Excursion SUV next to a Toyota Camry compact. Sport utility vehicles (SUVs) have been criticized for a variety of environmental and automotive safety reasons. The rise in production and marketing of SUVs in the 2010s and 2020s by auto manufacturers has resulted in over 80% of all new car sales in the United States being SUVs or light trucks by October 2021. [1]
According to Statista, the SUV market in the U.S. is projected to reach $333 billion this year, but with so many models available, there are some worth every penny and some that should be avoided ...
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