Final results of a new survey point out that 1-third of latest vehicle owners who intend to adjust their ride in the upcoming two many years want their upcoming vehicle to be even bigger.
The correct proportion in the AutoTrader survey is 30 percent. As for why people want to improve to a thing even bigger, the identical motives occur up: extra cargo area, superior comfort and further seats.
Just about fifty percent (48 percent) want to obtain an SUV, and 32 percent a pickup truck.
“Our study, which affirms a growing motivation for Canadians to get into bigger vehicles, aligns with SUV and pickup truck product sales that have been getting tempo throughout North The us for the previous 5 many years – with no indicator of slowing down,” reported Lilian Lau, Trader Corp’s vice president of advertising and marketing, via a statement.
That bodes sick for the long term of the car or truck, which accounted for only twenty percent of vehicle product sales in Canada in the 1st 9 months of 2021 (the raw full was one.three million vehicles).
In accordance to the research, SUVs are the most thought of vehicle for acquire (by 42 percent of shoppers). In point, 64 percent of latest SUV owners say they strategy to obtain a further utility vehicle for their upcoming vehicle. And for these who personal a car or truck, 33 percent say they strategy to transfer up the dimensions ladder to an SUV.
And when it comes to the dimensions of their upcoming sought after SUV, a quarter of prospective buyers are leaning towards a a few-row model. Only twelve percent intend to go with a subcompact model. These have been well-liked lately, but they may possibly be established to practical experience a decrease if this information is any indication.
A discouraging survey? Probably, but there are some nuances to be made. Cost is a big deterrent for respondents, with 50 percent feeling that bigger SUVs are extra high-priced and fewer gas-successful.
And with gas selling prices continuing to rise…
Here are some quantities shared by Automotive Information about the survey.
– 45 percent of respondents think that bigger vehicles are superior for family members
– 41 percent say they come to feel safer in a big vehicle
– 35 percent think that big vehicles are extra effortless
– 15 percent say they present superior worth
– 50 percent consider bigger vehicles to be extra high-priced and fewer gas-successful
– 28 percent say that bigger vehicles are fewer environmentally helpful
– 27 percent come to feel the further area is not really worth the problem when maneuvering in limited areas