Power Information Network (PIN), branch of JD Power and Associates, earlier announced its real-time retail transaction data analysis of the decline in gas prices. Said company stressed that there was due to lower growth in owner loyalty rates for pickups and SUVs.
PIN earlier reported that in the past few months Soaring fuel prices have a negative impact on loyalty among the SUVs and pickups. PIN noted that the owner retention rates in the large pickup trucks, large and medium-sized utility vehicles rose significantly in the seven-week period from mid-August to early October this year. Said increase was attributed to the same period, when gas prices gradually dropped and averaged $ 2.66 per gallon, compared to seven weeks, when gas prices averaged $ 3.04.
According to data collected by four of the six large pickup models four out of five large utilities and seven out of seven medium-sized utilities has increased the holder All retention period from mid-August to early October. Company owner measured retention percent of owners in any given category who trade for another vehicle in the same category.
“It’s early, but the data suggest there is still life in these segments,” said Tom Libby, senior director of industry analysis at PIN-code. “These segments are important because they include many large volumes, models with high profit margins. These data are also relevant because Ford, General Motors and Toyota all the new products coming in these segments.
Growth in sales of large pickups and SUVs are expected to suppress the automakers, which rely on the spoken segments. In fact, said segments account for nearly a quarter of new car sales. Some of the cars in these segments that are expected to do so in a big market includes the Chevrolet Suburban, Ford Expedition, Jeep Grand Cherokee and Toyota 4Runner.
Chevrolet Suburban is a large SUV, which was prepared in 1935. It uses high-performance Chevrolet Auto Parts to produce exciting work. In fact, he is famous as a police car, EMS ambulance or a vehicle fire chief. Ford Expedition is a full-size SUV. The next year it will be changed using the T1 platform. Jeep Grand Cherokee is a midsize SUV, which uses quality Jeep parts to increase the power and attractiveness. Toyota RAV4, on the other hand, is a compact crossover SUV, which was redesigned for the 2006 model year.