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Thursday, 04 January 2007 |
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The 4x4 has become the highest profile casualty of increased oil prices and consumer's heightened environmental concerns, according to a major KPMG industry survey.
The increased desire for more fuel efficient and environmentally friendly cars has caused car maker's expectations for SUV growth in the North American market to hit rock bottom. According to the survey of international automotive bosses, just 3 per cent of American executives expect to see growth in the SUV sector this year. That figure compares to 39 per cent in Europe – down from 50 per cent last year – and 52 per cent in Asia.
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