US Auto Buyers Favoring Hybrids, SUVs

Dow Jones08-05

1340 ET - U.S. auto shoppers are becoming more selective, with SUVs and hybrid vehicles increasingly favored, according to the Kelley Blue Book Brand Watch. During the first half of the year, Kia and Subaru were the only non-luxury brands to gain shopper consideration, while Audi was the only Top 10 luxury brand to improve year over year, according to the Cox Automotive brand. Vanessa Ton, senior manager of Market & Customer Research at Cox Automotive, said affordability is challenging many households, adding the strength of SUVs was a surprise at first. "But we recognize that value-oriented SUVs are the heart of the market right now, providing shoppers with the right mix of attributes and usability," Ton said.

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment