A handful of factors are fueling China's current SUV boom, with road-rage protection at the top of the list.
SUV registrations rose 48 percent during Q1 2015 while accounting for 27 percent of all registrations during the period compared to three years ago, Bloomberg reports. Sanford C. Bernstein senior analyst Robin Zhu says the boom is in part due to increasing incidences of road rage, prompting "sane" motorists to buy SUVs "for self defense" against "the angry ones" on the road.
Other contributors to the boom include rough roads (of the literal sort) outside the nation's cities, lower fuel prices, and the introduction of low-cost SUVs and crossovers with prices beginning at ¥130,000 ($21,000 USD); 49 such models were or will be introduced by domestic automakers during 2014 and 2015.
[Source: Navigator84/Wikimedia Commons/CC BY-SA 3.0]
The post China's SUV Boom Fueled By Road Rage Concerns, Other Factors appeared first on The Truth About Cars.
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