Categories: Technology

Despite high fuel prices: US auto market grows with large SUVs and pickups

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Despite high fuel prices, large SUVs and pickups are in demand in the US auto market. In the third quarter, industry giant General Motors increased deliveries of its heavy pickup model GMC Sierra by approximately 46 percent year-on-year to 73,000 vehicles. (archive image)

Meanwhile, sales of GM electric vehicles remain limited: Deliveries of the Lyric electric SUV rose to 3,000 from 36 vehicles a year ago, and only 18 units of the Silverado electric pickup were sold.

Developments in the US automobile market are seen as an indicator of consumer sentiment in times of high fuel prices and interest rates, as well as economic concerns. Strikes by the UAW auto union further complicate the situation, which could lead to restricted supplies of some models. What was striking was the success of hybrid versions of some models for which subsidies were available.

GM increased quarterly deliveries in the United States by a total of nearly 21 percent to 674,300 vehicles. At Toyota, there was a twelve percent increase to nearly 590,000 vehicles. Chrysler group Stellantis fell one percent to 380,600 vehicles. There was a different development for German automobile manufacturers. VW subsidiary Audi increased deliveries by 21 percent to 59,500 vehicles. The VW brand decreased by 1.2 percent to 87 thousand 756 units.

(SDA)

Source: Blick

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