The US Auto Market Is About To Surprise Everybody, Business Insider

Asian manufacturers have been having fun with a lot success within the United States in recent times. China’s auto market is maturing, however. This year, regardless of the growing economic gloom, worldwide automotive gross sales elevated 5 {0e78452d2f03ec93e2ae9778503e4209e74376f9c988e72aa91b68a747592ff1} within the first half of the year, based on Scotiabank. Falling out of favor As an alternative of shopping for sedans, coupes and convertibles, consumers are switching to sport utility vehicles and trucks that are extra lucrative for automakers.

Among the many automobile consumers surveyed, the upkeep service that interests them essentially the most is recommendation on how you can drive safely and forestall extreme automobile wear and tear in tough conditions, akin to bad climate (Exhibit 7). As for other companies, discounted automobile insurance coverage, sold with automobiles, is most popular with our survey respondents.

Some automakers and automotive dealers are refocusing their consideration on this growing segment, nevertheless. Some shifts in the ways in which customers shop for cars have parallels in the way in which they buy upkeep and repair services, characteristic upgrades, and other aftermarket products and services. After years of double-digit development, China’s auto market is slowing down.

Other automakers might select to develop car models specifically …

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