Saturday, August 18, 2007

PIN Reports Compact Vehicles continuously gain share in the US market

According to real-time retail transaction data from the Power Information Network (PIN) a division of J.D. Power and Associates, compact vehicles are still gaining a greater share of the US new vehicle market as more models of compact cars are made available for consumers.
The compact share of the total new vehicle market rose from 27.9% in 2005 to 31.2% in 2006. During that time, the share of the midsize vehicles dropped from 42.8% to 40.4% while the share of the large vehicles plummets from 29.3% to 28.5%. It should be noted that six years ago specifically in the year 2000, compact vehicles accounted for just 23.8% of the market.
According to Tom Libby, Senior Director of Industry Analysis at PIN, "Growth in the compact vehicle segments is View the rest of this article


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