Demand for SUVs to remain strong in 2020 despite the pandemic
(WorldNews Business)

Sales of sport utility vehicles (SUVs) in the US remained strong in April even as global car sales and oil prices fell due to a coronavirus-led demand crunch, according to consultancy Facts Global Energy. Sales of light trucks grew 77 per cent in April in the US while large pick-up model sales rose 20 per cent for the first time ever, the London-based consultancy said in a report. Read More Global car sales to drop 15% in 2020 as electric vehicles see uptake, IEA says IEA softens outlook for drop in oil demand for 2020 but says risks remain "This [SUV] segment is particularly important for the...