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I mean, if half of what people are buying are SUVs, they can't be that much of a status symbol.
That's new car sales. Compare it to used car sales and people who can't afford to buy a car at all, and it makes more sense.
I suspect the definitions here are being very liberally used to make the issue look worse than it is. I'd almost guarantee a majority of these vehicles are actually CUVs, essentially tall sedans with 4 or 6 cylinder engines and decent fuel efficiency, and not SUVs like the Tahoe, Suburban, Expedition, etc that are sitting on full frames with V8 engines getting 12MPG.
I also agree the whole 'status symbol' angle is bunk too as nobody is looking at your Nissan Rogue or Jeep Compass as a status symbol.
Well, if you don’t have one then you’re in the bottom half obviously. That can’t be good to be rolling around on 49th percentile wheels.