Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

American Car Buyers Shift to Smaller Vehicles as Affordability Concerns Mount

by Team Lumida
December 23, 2024
in Macro
Reading Time: 3 mins read
A A
0
Turkey’s Bold Move: 40% Tariff on Chinese Vehicles to Combat Inflation

Source: The Street

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  • Small car sales up 23% through November, outpacing industry growth
  • Large pickup and midsize SUV sales declined by 1.9% and 2.3% respectively
  • Average new car price exceeds $45,000, pushing buyers toward cheaper options
  • Models under $25,000 dropped from 45 in 2019 to just 11 in 2023

What Happened?

A significant shift is occurring in U.S. auto buying patterns as consumers increasingly opt for smaller, more affordable vehicles. Sales of compact cars and small SUVs have surged, with models like the Honda Civic and Nissan Sentra seeing 23%+ growth through November. This trend represents a reversal of the long-standing preference for larger vehicles that had previously led many automakers to discontinue their smaller models.

Why It Matters?

This market shift signals a fundamental change in consumer behavior driven by affordability concerns. With average new vehicle prices exceeding $45,000 and higher interest rates, the price gap between large and small vehicles (up to $47,000 difference between small and large SUVs) has become a crucial factor in purchasing decisions. This trend particularly benefits Asian automakers who maintained their small vehicle lineups while competitors exited the segment, and could reshape automakers’ product strategies and profitability models.

What’s Next?

The sustainability of this trend will likely depend on interest rates, fuel prices, and potential trade policies, including Trump’s proposed 25% tariff on Mexican imports. Automakers may need to reconsider their product mix, potentially reintroducing smaller, more affordable models. The industry faces a challenge in balancing profitability with growing demand for affordability. Investors should watch for:

  • Automakers’ responses to shifting demand patterns
  • Impact on profit margins and market share
  • Development of new entry-level models
  • Effects of potential trade policies on vehicle pricing
    This trend could lead to significant strategic adjustments across the auto industry, particularly affecting manufacturers heavily invested in large vehicle segments.
Tags: cars
Previous Post

China’s EV Revolution Signals Structural Shift in Global Oil Demand

Next Post

Trump Renews Bid for Greenland, Citing National Security Imperatives

Recommended For You

Thailand and Cambodia Agree to Unconditional Cease-Fire After Deadly Border Clashes

by Team Lumida
15 hours ago
Thailand and Cambodia Agree to Unconditional Cease-Fire After Deadly Border Clashes

Key Takeaways: Powered by lumidawealth.com Cease-Fire Agreement: Thailand and Cambodia agreed to an unconditional cease-fire effective at midnight after five days of deadly fighting over their disputed border, announced...

Read more

Bank of Japan Likely to Hold Rates Despite Reduced Trade Uncertainty from US-Japan Deal

by Team Lumida
15 hours ago
Bank of Japan Likely to Hold Rates Despite Reduced Trade Uncertainty from US-Japan Deal

Key Takeaways: Powered by lumidawealth.com Rate Hold Expected: The Bank of Japan (BOJ) is expected to keep its policy rate steady at 0.5% this week, balancing inflation pressures with...

Read more

Japan Reveals Only 1-2% of $550 Billion US Fund Will Be Actual Investment

by Team Lumida
2 days ago
Japan Reveals Only 1-2% of $550 Billion US Fund Will Be Actual Investment

Key Takeaways: Powered by lumidawealth.com Mostly Loans, Not Investment: Japan's chief negotiator Ryosei Akazawa revealed that only 1-2% of the $550 billion US fund will be actual investment, with...

Read more

US-China Officials Meet in Sweden to Extend Trade Truce Beyond August Deadline

by Team Lumida
2 days ago
U.S. Struggles to Break China’s Grip on Critical Minerals as Syrah Resources Faces Setbacks

Key Takeaways: Powered by lumidawealth.com Trade Truce Extension: Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent are meeting in Stockholm through Tuesday to extend the current...

Read more

Trump Tariffs Leave Key Questions on China Supply Chain Rules Unanswered

by Team Lumida
4 days ago
Trump Tariffs Leave Key Questions on China Supply Chain Rules Unanswered

Key Takeaways: Tariff Clarity, Rule Confusion: While Trump has set tariff rates for Southeast Asia (19-20% for most countries, up to 40% for transshipped goods), critical details on...

Read more

Trump Intensifies Pressure on Powell’s Fed With ‘Flood the Zone’ Tactics

by Team Lumida
4 days ago
Trump Intensifies Pressure on Powell’s Fed With ‘Flood the Zone’ Tactics

Key Takeaways: Powered by lumidawealth.com Multi-Pronged Pressure: President Trump is using a “flood the zone” strategy—attacking Fed Chair Jerome Powell from multiple angles, including personal criticism, questioning Fed spending,...

Read more

Trump Shifts to Deal Mode With China Ahead of Trade Talks

by Team Lumida
4 days ago
Trump Delays Reciprocal Tariffs to August 1, Citing Progress in Trade Negotiations

Key Takeaways: Powered by lumidawealth.com Pivot to Dealmaking: After months of using tariffs to pressure China and reroute supply chains, President Trump is now prioritizing a broad economic deal...

Read more

Corporate America Absorbs Most of Trump’s Tariff Costs—For Now

by Team Lumida
4 days ago
Trump Threatens New Wave of Tariffs, Targeting Key Trading Partners with Rates Up to 40%

Key Takeaways: Powered by lumidawealth.com Tariff Burden on Businesses: U.S. companies have paid the bulk of the$55 billion in new tariffs this year, with importers—manufacturers, retailers, and logistics firms—making...

Read more

Trump Sets Global Tariff Floor at 15%, Eyes Up to 50% for Some Countries

by Team Lumida
6 days ago
Trump Delays Reciprocal Tariffs to August 1, Citing Progress in Trade Negotiations

Key Takeaways: Powered by lumidawealth.com Tariff Floor Rises: President Trump announced that new U.S. “reciprocal” tariffs will start at 15% and go as high as 50% for certain countries,...

Read more

Asia Rushes to Secure U.S. Trade Deals as Tariff Deadline Looms, Setting New Regional Benchmarks

by Team Lumida
6 days ago
Asia Rushes to Secure U.S. Trade Deals as Tariff Deadline Looms, Setting New Regional Benchmarks

Key Takeaways: Powered by lumidawealth.com Wave of Deals: Four Asian nations—Japan, Indonesia, Philippines, and Vietnam—have secured U.S. trade deals ahead of the Aug. 1 tariff deadline, locking in reciprocal...

Read more
Next Post
Donald Trump beside man in black suit

Trump Renews Bid for Greenland, Citing National Security Imperatives

Tax-Loss Harvesting Surge: JPMorgan’s $15 Billion Windfall

US Banking Giants Tighten Grip on Industry Profits, Hitting 9-Year High

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

close-up photo of monitor displaying graph

Wall Street Turns to Hedges on Chinese Stocks Ahead of Tariff Deadline

May 28, 2025
city, bridge, night

First Foreign Investor in Chinese AI: Saudi Fund Joins $400M Round

May 31, 2024
Nvidia’s Stock: Is It Too Good to Be True Now?

Nvidia’s CES Showcase Falls Flat with Investors Despite Gaming and AI Innovation

January 8, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018