Car loans customers turn away from the SUVThe popularity of the sports utility vehicle (SUV) is falling as more car finance customers focus on fuel efficiency, one expert suggests.
The popularity of the sports utility vehicle (SUV) is falling as more car finance customers focus on fuel efficiency, one expert suggests.According to an article for the Sun Sentinel, the rise of petrol prices has seen drivers - including those with car loans - look for new or used cars that are cheaper to run and kinder to the environment.The comments were echoed by Mike Jackson, chief executive of AutoNation, who warned that large, uneconomical vehicles are "dead and not coming back"."We have a consumer migration to fuel efficiency. And by the way, we need it," he said.It was also noted by the publication that sales of SUVs in the US were in decline as the country was turning away from vehicles with large engines - despite such models having "dominated the … market for decades".However, Bert Sledge noted this week in an article for gather.com that some savvy car loans customers are taking advantage of the falling prices of SUVs and that this meant there had never been a better time to buy one.© Adfero Ltd
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