The rise and rise of the SUV

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The biggest change to Australia’s motoring landscape over the past decade has been the massive shift away from passenger motor vehicles (PMVs) to sports utility vehicles (SUVs):

In the decade to November 2019, PMV sales fell by 41%, whereas sales of SUVs surged by 163%.

Moreover, a decade ago PMV sales outnumbered SUV sales by around 3-to-1, whereas today SUV sales are running 50% above PMVs.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.