Will a Love of SUVs Die with Millennials or Are Luxury SUVs Reviving Their Future?
Sport Utility Vehicle or SUV is currently one of the most loved car types. But the question is, do the […]
Sport Utility Vehicle or SUV is currently one of the most loved car types. But the question is, do the trends last forever? Or, Will a love of SUVs die with millennials or are luxury SUVs reviving their future? Since we all know the truth that trends come and go, nothing is permanent, so with the SUVs. Last year in the US, the SUVs outsold sedans two to one, a trend for SUVs in the making that experts expect will only increase.
In nine years, the volume of SUVs worldwide increased by nearly six times the 2010 volume, reaching 200 million units in 2019. SUVs represented about 29 million global car sales a year later, in 2020, with electric SUVs adding another 1 million units.
As per a report by Tom Libby, an automotive analyst at IHS Market, the SUVs made up 47.4% of the US sales in 2019, with Sedan at 22%. He also concluded that by 2025, the light-truck segment includes SUVs, vans & pickups to make up 78% of sales compared to 72%. SUVs outsold Sedan for the first time in 2015, and the market has rushed to sport utility vehicles.
Which is the most reliable SUV brand?
- Land Rover.
The reason behind Automakers abandoning Sedan
If you search for news about sedan cars, you will find the headlines claiming that the manufacturers are quitting the sedan business altogether. While part of that might be correct, the story behind it is a bit misguided. The falling sedan market has made space for higher-quality entrants.
Manufacturers opt-out not because they don’t see a future for sedan models but because they can’t devote the resources necessary to build competitive offerings. However, most industry analysts agree that high-quality Sedans will survive the SUV onslaught.
Do SUVs last longer than other cars?
The two reasons may affect the future love of SUVs among millennials. First, brands are trying to manufacture the more beautiful and luxurious Sedan and, second, whether SUVs last longer than other car types or not.
While there’s no proper evidence to prove that SUVs generally stay longer than other cars, but still most of the long-lasting vehicles are SUVs made by Japanese automaker Toyota. The Toyota Prius & Avalon are among some of the longest-lasting cars in the SUV type.
Why Camry Has Become the Fan Favorite
According to a report, about 30% of the car-buying public still says yes to a sedan car. Automakers like General Motors and Ford ignore the category at their own risk. Hence, we paid attention when the buyers considered the newest 2022 Camry as the most compelling model it has ever been. Camry comes with a 301 horsepower 3.5L V6 engine.
The Camry has earned its driving accolades, generally reserved for high-performance sedans like BMW. Opting for a 2022 Camry, the Toyota Racing Development or TRD gets you exterior extras like a dual exhaust tip, rear spoiler, and a factory lowered suspension to complement the powerful V6 engine. Buyers can even opt for a set of optional high-performance summer tires.
The luxury seekers aren’t left behind either, thanks to the incredible Camry XSE model. It comes with the upgraded V6 engine, a plush leather seat, panoramic moonroof, a 9-speaker JBL audio system, dual-zone climate control, a wireless smartphone charger, a set of paddle shifters, etc.
Could this be the Sedan’s redemption opportunity, or will the luxury SUVs revive their future?
The story of the automobile market has been that if the SUVs will die or get more popular. But if we see today’s reality, from a little more than a decade, any automaker that’s not profitable but wants to become so is told to cut the Sedan and coupes out of their lineup, then get started manufacturing a slew of SUVs. But that narrative conveniently overlooks one crucial reality: people still buy sedans and coupes, and the only difference is they are not buying them as often as they did before.