The gap between PC and LUV sales is growing in the US
- A specificity of US market segmentation is that MPVs and SUVs are included in the category of light trucks (light commercial vehicles), conversely to European and Asian markets segmentation which include MPVs and SUVs in the category of passenger cars. If we stick to the classification established in each country, it shows a distortion in sales and production between passenger cars and light trucks in North America (NAFTA) and other regions of the world. It appears indeed an overstatement of the number of commercial vehicles in North America and an underestimation of the number of passenger cars. Until there is no harmonization of the categories in the world, there will always be two distinct classifications.
- For the present analysis, we have used the classification established in North America light trucks = MPVs + SUVs + pick-ups + minivans). It appears then that sales of light trucks increased their lead over the sales of passenger cars in the US, and this since 2014. At the end of the first 2016 semester the light trucks account for 60% of sales in the USA and passenger cars only 40%, whereas it was 50-50 in 2013 and 55-45 in 2015. It can also be noted that in the USA, the less the oil price is, the more light trucks (greedy in fuel) sales increase.
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