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Department of Energy
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2016 EIA Energy Conference
| Chris Atkinson | Page 14 of 11 |
April 19, 2024
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US Light-Duty Vehicle Sales – 2015 ? US passenger car and light truck sales are a strong function of – Household income (steady – mean $72,641, median $51,939). – Unemployment rates (actually workforce participation) (down to 5.4% average across 2015). – Interest rates (steady and low – prime rate in 2015 was 3.50%). – Fuel prices (below $2.00/gal – average in 2015 $2.40/gal). ? 57% of sales are now pickup trucks, SUVs, crossovers and minivans. ? Record 2015 sales for Audi (202k), BMW (346k), Jeep (865k), Honda (1,409k), Hyundai (762k), Land Rover (71k), Kia (626k), Mercedes Benz (373k), Nissan (1,351k), Porsche (52k) and Subaru (583k). ? Average LD vehicle age is now 11.4 years (Polk).