Overview
Despite the high fuel rate never reduce the demand for SUVs and trucks in the Us market. Gasoline price goes up in the US but the preferences of car customers are still the same. SUVs and trucks have a large market in the US and top priority of luxury car buyers. According to the recent car sale figure for the US, the number of SUVs and trucks sale is higher than the previous year. The current gasoline prices in the US are an all-time higher. Not only in the US but the petrol prices are going up in the international market.
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SUVs and Pickups Recent Sale Record
According to the report of JATO Dynamics, SUVs and pickups hit the record sale in the US in the first four months of the ongoing year. It seems at the end of the year 2022 SUVs cover the whole US market. SUVs and trucks make a new record in sales. It has been 72.9 percent in the total sale of passenger cars between January 2022 to April 2022. The total number of car sales is 3.32 million units out of 4.56 million. In the two segments, SUVs sale is dominant by a huge margin, it’s 53.5 percent to 19.4 percent share of trucks.
The high sale record of gasoline vehicles sale is a reason for struggling electrified vehicles in the US market. Electrified vehicles are still not the priority of people and their preference is to buy gasoline SUVs and trucks for fast performance.
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Hot Selling Cars
Tesla, Hyundai, and Toyota are currently the top priority of people. Tesla is the favorite electric car in the US. Since the launch of Model Y Tesla got high popularity among other brands.
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Tesla
Tesla has a strong market share in the US and Tesla Model Y is an all-time favorite electric SUV. Since the launch of the vehicle in 2020 the sale of Model Y surging the sale of Model 3 and become the most popular vehicle in the United State. The highest sale of Model Y increases the shares of Tesla and forces the company to produce more units.
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Hyundai
After Tesla, the latest third generation of Hyundai Tucson and Palisade took the highest place in the US market. The vehicle goes for sale and becomes the favorite vehicle after Tesla. Both vehicles of Hyundai are the favorite of the US.
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Toyota
Thanks to Toyota for providing the best performance RAV4 to beat the competition in the market. According to the overall US market survey after Tesla and Hyundai Toyota RAV4 is the most demanding SUV. Toyota Highlander is the 5th most favorite vehicle of US customers.
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Conclusion
Overall, the SUV took a wide margin and is a top priority. The high fuel rates are no more a worry for the SUV buyers. The high demand for gasoline vehicles in the US shows it will take a long time to create a better place for electrified vehicles in the country.
