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Utility owners are increasingly migrating within the body style
A record 72% of households were loyal to the utility body style when they returned to market in 2021. Loyalty to utility size, however, has been declining and reached 54%.
Read our full US Mobility Insights from S&P Global Mobility. Our June 2022 report on the US Market focuses on the Utility Body Style increase and the Utility Size Loyalty decrease.
This edition of Mobility Insights (formerly Advisory Insights) is Part II of a two-part series. It follows our analysis on the movement from car to utility.
This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.