So-called “midrange” cars dominated the market during the first half of the year, according to a new study of vehicle registrations by Experian Automotive.
Find out what impact rising fuel prices have on automotive sales.
[in sales] five of the top 10 vehicles were midsize sedans, including not only Camry but the Ford Fusion and Nissan Altima. There also were two compact sedans and a compact SUV. [Read more]
Vehicle registrations during the first half of the year rose 11.9%, noted Experian’s director of analytics, Jeffrey Anderson, who called lower incentive rates and increased dealer incentives “great motivators” to get consumers back into showrooms. But he also noted that, “higher gas prices and new model redesigns could be pushing consumers to look at small to midrange cars, instead of the larger vehicle segments.”