US SUV Sales Drop

(Akron/Tire Review) A report in the Detroit News says that SUV sales have dropped sharply as fuel prices in the US have continued to rise. The newspaper, citing a study by J.D. Power & Associates, said that full-size SUVs have been the hardest hit by the sales downturn. Sales of full-size SUVs were down 31 per cent in January and 21 per cent in February, according to the report.

Through February, sales of Chevy Suburbans were down 37.8 per cent, Hummer H2s were down 32.6 per cent, Ford Expedition sales fell 24.4 per cent and Toyota Sequoia sales were down 14.4 per cent, said the report. Still, some models showed increases, including the Nissan Armada (+33.5%), Dodge Durango (+17.3%), and the Cadillac Escalade ESV (+8.8%), the report noted. A Ford analyst quoted by the paper said, “Gas prices probably accelerated a trend already under way. The best days for those products (large SUVs) are behind us.”