Ford Bullish on Small Cars
Ford kick-started the SUV revolution with the introduction of the Explorer SUV in the '90s, but the next big opportunity it sees is in small cars. That's according to Ford sales analyst George Pipas, who spoke to a gathering of Chicago-area media recently. Who are the buyers that will drive growth in this segment? Pipas says it’s Millennials, a demographic that wasn't even driving when the Explorer debuted.
It's easy to see why Ford is focused on Millennial buyers, which it counts as those born from 1980-95. Every day about 11,000 Millennials become old enough to drive in the U.S., according to Ford. With 50 percent of first-time buyers choosing small cars, there are sales to be had, Pipas said.
For Millennials, though, small doesn't necessarily mean basic. "[Millennials] want more than an econobox in a small car," he said. "They will give up something else to get what they want on the car."




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