SUV sales are set to fall, says industry survey

[villager]

SUV sales are set to fall, says industry survey

Jan 24, 2007, 7:47 GMT

London -- The heyday of the SUV or sports utility vehicle is over, according to an industry survey among leading car executives. It predicts that sales in the sector will slump.

The four-wheel drive market seems to have become the main victim of rising fuel prices and increasing consumer interest in owning an environmentally-friendly vehicle, says the report by tax specialists KPMG.

A mere 3 per cent of North American automotive executives canvassed by KPMG expect to see the SUV sector grow in in 2007. Europeans were more confident (39 per cent - down 50 per cent from last year)

Most of the 150 car company executives questioned for the survey said also that they thought the rise in the cost of fuel would impact most on the future purchasing habits of car buyers.

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http://lifestyle.monstersandcritics.com/autos/news/article_1250822.php/SUV_sales_are_set_to_fall_says_industry_survey

[Hawkeye-X]

1. Gee, and my RW newspaper the other days aid

because gas is going down, SUV sales are up.

:sarcasm:

[villager]

2. we can see how well that worked for Ford, eh?

;-)

[jsamuel]

3. yeah and I believe that every time they say that, even though the numbers says otherwise

[tanyev]

4. Time for the Bush team to propose even bigger tax incentives for SUVs!

*sigh*

[Jack Rabbit]

5. And Detroit's solution is . . .

Edited for grammar in title

. . . build more of them!!

I really feel sorry for the workers who lose their jobs because of dummies with Harvard MBAs who run the US auto industry. I'm certain the assembly line workers could build and market a better product without their help.

[villager]

6. but then if the employees ran the company...

...they'd have to make about 400x what their current salary is, or whatever it would take to equal the pay of the executive boards of numbnuts "driving" these companies into the ground...

[Jack Rabbit]

7. Not overpaying the CEO is one way to run the company better.

[villager]

10. I'll say.

And hey, come to think of it -- so would Jim Webb!

[TlalocW]

8. Good

On three counts...

1. Keep the gas-guzzlers off the road.
2. Encourage automakers to make more fuel-efficient ones
3. Hopefully the price will drop on some of the more fuel-efficient ones out there right now like the Rav4, which I would like to get. :)

TlalocW

[TheCowsCameHome]

9. Don't tell Ford - they know what's best, right?

[krabigirl]

11. Let's hope this is true.

Where I live (Orange County, CA), it still seems that the trend is for people to buy bigger and bigger SUVs. Each year, they seem to get bigger. I don't expect this to change around here anytime soon.

[villager]

12. I'm in SoCal, too. Our region may be one of the last holdouts..

along with, what, Texas and Florida?

[SoyCat]

13. I think the right wingers here in NW FL would rather sell their children than give up their

SUVs.

[villager]

14. well, to rightwingers, children are clearly expendable

esp. in time of war...

[SoyCat]

15. It's so sad but they really do think that way.

[sakabatou]

16. This just in: water is wet