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Auto sales posted strong numbers in the first half of 2023 thanks to increasing inventory as supply chain issues lessen and many automakers are better able to keep up with demand, according to Car and Driver. Markedly, Ford, GM and Honda each saw double-digit percentage sales increases from 2022.
SUVs account for over half of the new vehicle sales in the U.S., and those who purchase these vehicles tend to stick with them long-term, according to a survey from Volkswagen. They found nine out of every ten SUV owners plan to keep their vehicle for life, and 94% stated they feel more confident on the road while driving an SUV. The majority of SUV drivers (68%) cited safety and comfort as the most appealing features of these larger vehicles.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
