Trucks and SUVs are the new Canadian vehicle of choice.

Trucks and SUVs are the new Canadian vehicle of choice.

Trucks SUVs

Those of us trying frantically to squeeze our compact autos into a parking place at the mall may have noticed the trend already. It seems as though the vehicles around us are getting larger, wider, and longer, taking up more space and making it a little more challenging than it used to be to peer at traffic around them.
The fact is that more Canadians are buying larger vehicles than ever before. Trucks and SUVs are the new transport of choice, and it looks as though their popularity will be trending for the foreseeable future.
Trucks and SUVs are the new Canadian vehicle of choice. As a matter of fact, it’s the compact sport utility vehicles that are leading the market. According to Toronto-based DesRosiers Automotive Consultants, the compact SUVs account for a quarter of the sale of all new vehicles in Canada this year, through September 2016. The large pick-up trucks come in right behind the compact SUVs, followed closely by the larger SUVs on the market.
SUVs currently come in 3 sizes: full, compact, and subcompact. The determining features are cargo and seating space, fuel efficiency, and, of course, the height and breadth of the exterior. The sales figures for trucks and SUVs include those of the crossover SUVs, built on car bodies, and the so-called tall wagons.
It seems that Canadians are willing to invest in more space, greater height off the ground, and the sheer functionality of these larger vehicles. Being able to carry a lot of passengers as well as big loads clearly makes a difference when it comes to attracting the consumer’s attention.
But it’s not just the practicality of trucks and SUVs that accounts for their current popularity. The price of gas is making a big difference when it comes to what kind of transportation a customer selects. Over the past two years, gasoline prices have dropped and remain low. Because consumers tend to set aside a fixed amount of money for their transportation needs, spending less on fuel means that they can afford to drive a larger vehicle.
With long-term financing becoming a more convenient option for many Canadian families, investing in a large truck or SUV can become a reality. Add to this the fact that interest rates are at an all-time low, making the pricier large vehicle (and its lower fuel efficiency) a viable option for more people.
And then there’s the resale value. Automotive news sources have been reporting that more and more Americans are buying up Canadian used trucks and SUVs as they become available. With the Canadian dollar weak on world markets during the past year or so, Americans see a really good deal in Canadian used vehicles, so much so much so that the export of vehicles south has continued apace. And given the Americans’ growing taste for trucks and SUVs, it’s clear that these are the exports of choice.
That’s not to say that passenger cars have lost their competitive edge. Automotive news sources report that Canadians are buying more passenger cars than ever before. It’s just that buyers are preferring the SUVs, causing the sales of these models to outpace the sales of passenger cars.
Auto manufacturers haven’t been slow to respond to the trend. Once they add SUVs, compact SUVs, and crossovers to their line, they’ve seen overall sales skyrocket. It all comes down to offering consumers what they want and what they can afford.