The Effects Of High-Profile Vehicles - 780 Words

Consumer sentiment for high-profile vehicles continues. A quick scan of the automotive landscape, especially in the United States, reveals that consumers are snapping up SUVs and pickup trucks to the detriment of coupes, sedans, and wagons. Some brands, such as Buick, are selling as many as three SUVs to one car, underscoring the wholesale shift away from traditional transportation choices. Some analysts see a permanent shift away from cars to high-profile vehicles and are essentially calling the segment dead. Indeed, just this past week we’ve heard rumors that GM may cancel two large sedans — the Chevrolet Impala and Cadillac XTS, with even a few smaller models such as the Chevrolet Sonic possibly on the chopping block. Also, it is†¦show more content†¦This makes sense because the 2019 Avalon is based on the same platform underpinning the Toyota Camry and also shares its wheelbase with the Lexus ES Series. Avalon sales may be falling, but Toyota is poised to fill the void left with its own model. Livery owners everywhere rejoice! 3. Shrinking, but not dying. Not all car segments are going away. One reason large sedan sales are falling is because midsize sedans are taking up the slack. Today’s midsize models are nearly as large as the big sedans sold 15 years ago. They’re also better made, well equipped, and affordable. Doubtlessly, the D-segment pie will continue to shrink, but there is opportunity for those who are patient. Indeed, both the Toyota Camry and Honda Accord are all new for 2018, while a refreshed Hyundai Sonata rolls out. Sales of such remaining models as the Ford Fusion, Nissan Altima, Chevrolet Malibu, and Kia Optima remain strong. It is doubtful the Subaru Legacy will go away, although models such as the Mazda 6 and Volkswagen Passat may not receive an update anytime soon. 4. Gas prices are a driving factor. Low fuel prices have people running away from fuel efficient models. That said, today’s utility vehicles are more efficient than ever. Still, if gas prices begin to rise, consumers may suddenly shift demand to vehicles currently in low demand. No utility vehicle delivers anywhere near theShow MoreRelatedBusiness Analysis : Porsche Ag1665 Words   |  7 Pagesâ€Å"Cookie-cutter† in marketing terms means products that are mass-produced; products must look alike and must not have any differences. Driven by the cheapest material and labor available, many car companies have given into building a â€Å"cookie-cutter† vehicle that is affordable to the masses than their competitors. Due to this trend, many car companies have lost their sense of uniqueness along the way because all cars produced are so similar. 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