Industry Analysis & Industry Trends
High gas prices and environmental concerns decimated light truck and sport-utility vehicle (SUV) sales volumes through the early part of the past five-year period. Automakers responded to consumers' environmental concerns by offering an expanded selection of hybrid and crossover-utility vehicles, which has supplanted most SUV demand. Over the next five years, automakers will focus on producing crossover-utility vehicles and trucks with an emphasis on improved fuel efficiency. Additional powertrain options, including clean diesel and hybrids, will fuel revenue gains... purchase to read more
Industry Report - Industry Products Chapter
This industry produces vans, trucks and sport-utility vehicles (SUVs). The automotive marketplace is one of constant change and innovation that continuously creates new product platforms. IBISWorld segments industry product types into three main categories: vans, trucks and SUVs, each consisting of two subcategories.
Compact pickup trucks represent a small portion of total industry sales at 4.5%. This segment emerged in the 1980s with the importation of small Japanese trucks. Domestic automakers quickly followed suit and began selling similarly sized trucks under their own brands. Compact trucks are oriented toward consumers who value mileage over towing capacity... purchase to read more