Longer loan terms and favorable interest rates are tempting consumers into pricier and more feature-laden vehicles, consequently driving average transaction prices up about three percent since 2009, according to a new report by Automotive News.
Now you've done it, America. A new study by IHS Automotive has revealed that American motorists are turning to the high-riding style of crossovers and sport utility vehicles more than they are traditional sedans. Through May of 2014, IHS says that SUVs and CUVs account for 36.5 percent of new vehicle registrations. Sedans, meanwhile, cover just 35.4 percent. That represents a flip-flop from the same period five years ago, when the trusty four-door occupied 36.3 percent of registrations to the SU
When we see a vehicle like a Lamborghini Urus or the Bentley EXP 9 F concept, we may at first scratch our heads, wondering why an automaker would take this route. When the accountants see these vehicles, they see one thing: dollar signs. No matter what angle you come at it from, SUVs and crossovers are cash cows for carmakers, especially luxury brands. It's a truth that Kicking Tires laid bare in a recent article.