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> Demand for SUVs weakening
Guest_PAULIE_D_*
post Aug 15 2004, 10:38 PM
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August 16, 2004

Consumer demand for SUVs in U.S. weakening


Westlake Village, California - Consumer demand for sport utility vehicles in the United States is weakening, according to recent transaction data from the Power Information Network (PIN), LLC. The data shows that the number of days SUVs sit on dealer lots before selling has increased substantially over 2003. SUV prices have also declined while average new-vehicle prices have increased, and incentives increased more on SUVs from June to July than they did on any other type of new vehicle.

Further suggesting a weakening in the SUV sector, the average SUV transaction price dropped 2 percent (or U.S.$620) in July versus a year ago, while overall new-vehicle prices edged up slightly. Luxury SUVs exhibited the most weakness, as the average price slid almost 5 percent.

To spur consumer demand, new-vehicle manufacturers increased SUV incentives in July. The average total incentive expenditure per SUV in July was U.S.$3,440 - up nearly 12 percent from June. This increase was almost twice the overall industry average increase.

"The data clearly suggest the SUV segment is under exceptional pressure," said Tom Libby, senior director of industry analysis at PIN. "Higher gas prices and a renewed emphasis on cars by some of the OEMs have both likely played a role in this trend."

canadiandriver.com
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clarkma5
post Aug 16 2004, 12:00 AM
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Fantastic! Finally, people are coming to their senses.
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AgaBoogaBoo
post Aug 16 2004, 12:17 AM
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People just need to realize what they need...

You don't need a damn toyota landcruiser to go work at a job where you cut nails! (my friend's mom does this everyday, I just wish they would realize they made a mistake, nothing else)
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tune
post Aug 16 2004, 02:16 AM
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At last I think SUV's are pointless! they drink too much fuel and give women out doing the weekly shop more presence thatn they deserve on the road!
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porschedream
post Aug 16 2004, 06:24 AM
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I guess SUV's are pointless to a certain extent, but they're very good for offroading if you need to tackle some rough terrain and they're great for luggange space. Well then again, i guess that's what the STi and a van are for. Ah, the SUV days are long over, i should really start thinking about a 4 passenger car soon.
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DakianDelomast
post Aug 16 2004, 06:28 AM
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rolleyes.gif Ok so tell me how many times you've taken your X5 offroad. rolleyes.gif
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NorthPoint
post Aug 16 2004, 06:29 AM
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Great news.

From AutoNews
"Sluggish SUV sales aren’t likely to be helped by a new federal report that measures the vehicles’ tendency to roll over."
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høgh
post Aug 16 2004, 06:41 AM
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Yay! Just in time! I'm beginning to see alot more SUV's in my country now a days... and i thought it might get worse, but this looks like it's just going the other way! YAY!
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porschedream
post Aug 16 2004, 06:53 AM
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QUOTE(DakianDelomast @ Aug 16 2004, 10:28 AM)
rolleyes.gif  Ok so tell me how many times you've taken your X5 offroad. rolleyes.gif

Twice. But both are barely "off-road" types of terrain. There's a fast way to get to my cottage that involves cutting through through a muddy, rocky somewhat aof a hill. Nothing crazy but not something a regular car could do.
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DakianDelomast
post Aug 16 2004, 07:11 AM
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Oh no that's some serious offroading. You sure learned me a lesson.
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porschedream
post Aug 16 2004, 07:13 AM
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QUOTE(DakianDelomast @ Aug 16 2004, 11:11 AM)
Oh no that's some serious offroading.  You sure learned me a lesson.

I smell sarcasm. laugh.gif Well, even if that's not "serious, down and dirty off roading, i still think a decent mid sized SUV is fine for tackling some rough stuff. It's not like their "totally useless". I can understand if you live in Europe because nobody their drives an SUV. So, maybe SUV's are just wasting space, live with it, they'll lose their appeal soon. If the man wants an SUV let'em have it, if he want's chrome rims, let'em have it. Just my personal opion, go ahead and bash me.
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DakianDelomast
post Aug 16 2004, 07:16 AM
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In my honest opinion taking your SUV offroad twice does not justify owning it. If you lives on a rough semi gravel trail, ok good, if you went out with your buddies once a month and hit the trails, ok awesome but people just cruise around suburbia with them and I'm sure you do too.
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porschedream
post Aug 16 2004, 07:20 AM
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QUOTE(DakianDelomast @ Aug 16 2004, 11:16 AM)
In my honest opinion taking your SUV offroad twice does not justify owning it. If you lives on a rough semi gravel trail, ok good, if you went out with your buddies once a month and hit the trails, ok awesome but people just cruise around suburbia with them and I'm sure you do too.

Yes, of course, i bought it with my own money and i sure as hell am gonna damn well make use of having it. If the gas prices are high, fine we'll take our other car but if i want to take my SUV i will, i do things for myself, not other people, if a man tells me to sell my car because it's too big, well that's his own personal problem, i'm not giving up something because a random pedestrian tells me.
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fgk42
post Aug 16 2004, 08:28 AM
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shoot.gif SUV die.gif
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fallon
post Aug 17 2004, 12:30 AM
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GOOOOOOOD!!!!!
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