Moneymoneyrcwrt

Sun Jul 7, 2019, 09:11 PM

SUVs Are Bumper-to-Bumper on Dealer Lots, With More on the Way

Auto makers are rolling out new models of crossovers and sport-utility vehicles, which risks cutting into profits in years ahead

By Ben Foldy
Updated July 7, 2019 5:20 pm ET

Sport-utility vehicles became big hits with Americans looking for roomier rides, prompting auto makers to roll out a range of models of different sizes and price points.

Now, some dealers and analysts say car companies may have gone too far, and expect an overcrowded market to lead to deflated prices.

Sales of crossovers and SUVs are slowing, while models are sitting longer on dealership lots before being sold and companies are resorting to more sales promotions to keep inventory from piling up, analysts say and industry data shows.

And yet, auto makers are getting ready to roll out even more sport-utility offerings in the next few years, further packing U.S. showrooms.

For customers, this could be a boon, resulting in a wider selection of vehicles and better deals. But, analysts say, it is also likely to dent profits for auto makers that have pivoted sharply from sedans in recent years and boosted output of more-lucrative SUVs.

Some dealers say car makers are falling back on old habits of overbuilding to keep factories running and then turning to discounts when the demand doesn’t materialize.

“We don’t need any more SUVs right now,” said Earl Stewart, owner of Earl Stewart Toyota in North Palm Beach, Fla., who worries manufacturers have given consumers too many choices already.

More...

https://www.wsj.com/articles/suvs-are-bumper-to-bumper-on-dealer-lots-with-more-on-the-way-11562491801

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Reply SUVs Are Bumper-to-Bumper on Dealer Lots, With More on the Way (Original post)
RCW2014 Jul 2019 OP
quad489 Jul 2019 #1
Oldgeezer Jul 2019 #2

Response to RCW2014 (Original post)

Sun Jul 7, 2019, 09:13 PM

1. LOL!!!

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Response to quad489 (Reply #1)

Sun Jul 7, 2019, 10:20 PM

2. Easy quad..Putibio was up until 4ish am today...he's got some postin' to do.

Mom's out of cellar cheetos so his posting's add to the ruble account.

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