SUVs Break America’s Bond With Sedans as Defections Surge
Car owners in the U.S. are increasingly letting their eyes wander when returning to showrooms to replace their rides. When sedan owners bought a new vehicle during the first four months of this year, only 49 percent of them bought another one, according to researcher IHS Markit. If this trend continues through the rest of 2017, it’ll be the first year that less than half of sedan owners stay loyal. Sport utility vehicle and crossover loyalty rates, meanwhile, have surged to 66 percent this year from 53 percent in 2012, driven in part by lower gasoline prices.