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Regulations, tariffs, and other government-imposed hurdles reward American car companies for building bigger, more expensive trucks and keep out any potential competitors.
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 ...
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.
“The average price of $48,000 for new cars reflects the fact that many consumers are willing to invest in larger, more feature-rich vehicles. SUVs and trucks often come with higher price tags ...
Manufacturers made 15% to 20% profit margin on an SUV, compared to 3% or less on a car. [103] When gasoline prices rose above $4 per gallon in 2008, Americans stopped buying the big vehicles and Big Three sales and profitability plummeted. The 2007–2008 financial crisis played a role, as GM was unable to obtain credit to buy Chrysler.
People are buying trucks in droves, while demographic changes in who's buying—along with new EVs like the Ram 1500 REV and Ford F-150 Lightning—keep things exciting.
Including the Bricklin on its list of "The 20 Dumbest Cars of All Time", Autoblog wrote, "Memo to the world: When an automobile executive starts a new car company and proposes to name the car after himself, run like a stag in the opposite direction, lock your check book and credit cards in a safe and ask your best friend to keep the combination ...