SUVs and crossover vehicles have overtaken sedans as the most popular vehicle body style in the U.S., according to a study from IHS Automotive.
SUVs and crossovers now account for 36.5 percent of the new vehicle market versus 35.4 percent for sedans, according to IHS' analysis of new vehicle retail registrations.
Consumers appreciate the SUVs' higher seating position, higher ground clearance, more interior space and towing capacity, the study said. So are we sacrificing fuel efficiency for comfort?
The Chevy Tahoe, GMC Yukon, Jeep Cherokee and Nissan Rogue are credited with being "key" drivers in the growth of the SUV and crossover segment.
IHS Automotive analyzed Polk retail new vehicle registration data. Five years ago, sedans held the number one spot with 36.3 percent, while SUVs and crossovers accounted for 31.4 percent.
"The sedan no longer holds the dominant position it once did," said IHS Automotive in a statement. "Through the first five months of 2014, the most popular body style in the industry among individual consumers has been SUVs and crossovers."
The study also found that hatchbacks and pickup trucks have lost more share in the past year than any other category, declining one half a percentage point each in the past year based on new vehicle registrations.
Hatchbacks, pickup trucks, coupes, passenger vans and convertibles all have lost share over the past five years.
Car buyers go crazy for SUVs and crossovers, resulting in a major shift in the market, the study says... What do you say? Are you one of them?