Automotive market
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High Quality Content by WIKIPEDIA articles! The automotive market is formed by the demand and the industry. This article is about the general, major trends in the automotive market, mainly from the demand side. The European automotive market has always boasted more smaller cars than the United States. With the high fuel prices and the world petroleum crisis, the United States may see its automotive market become more like the European market with fewer large vehicles on the road and more small cars. For luxurious cars, with the current volatility in oil prices, going for smaller cars is not…mehr

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High Quality Content by WIKIPEDIA articles! The automotive market is formed by the demand and the industry. This article is about the general, major trends in the automotive market, mainly from the demand side. The European automotive market has always boasted more smaller cars than the United States. With the high fuel prices and the world petroleum crisis, the United States may see its automotive market become more like the European market with fewer large vehicles on the road and more small cars. For luxurious cars, with the current volatility in oil prices, going for smaller cars is not only smart, but also trendy. And because fashion is of high importance with the upper classes, the little green cars with luxury trimmings become quite plausible. Following this trend, General Motors Corporation announced on 2008-06-03 its plans to cease production at four GM truck assembly plants in North America while adding additional shifts at two assembly plants for cars. According GM, U.S. consumer preferences are shifting permanently away from trucks and sport utility vehicles (SUVs) in favor of smaller cars and crossover vehicles.